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Uganda Calls for Global Financial and UN Security Council Reforms

by admin on | 2026-09-23 07:29:34

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Uganda Calls for Global Financial and UN Security Council Reforms

Uganda has called for urgent reforms to the international financial system and the United Nations Security Council, saying developing countries need greater influence in global decision making and more financial space to support development.

Vice President Jessica Alupo, who is leading Ugandas delegation at the 81st United Nations General Assembly in New York, made the remarks while representing President Yoweri Museveni at a high level event on the implementation of the Pact for the Future in Africa.

The event was hosted by Namibian President Netumbo Nandi Ndaitwah on the sidelines of the General Assembly.

Alupo said Uganda welcomed the Pact for the Future and its related agreements, including the Digital Global Compact and the Declaration on Future Generations. The agreements were adopted by UN member states as a framework for addressing current and emerging global challenges.

She said the Pact for the Future is particularly important for Africa because its priorities are closely linked to the African Unions Agenda 2063.

Among the key areas she highlighted were peace and security, reform of the UN Security Council, accelerated implementation of the Sustainable Development Goals, reform of the international financial system, inclusive development in science and technology, and youth empowerment.

Alupo said effective implementation of the Pact for the Future would be critical to advancing its core actions across these priority areas.

She also highlighted Africas young population as an important opportunity for economic transformation, saying greater investment in education, technology and skills development could help create quality jobs and expand digital opportunities for young people.

However, Alupo noted that developing countries continue to face serious financial challenges that have slowed progress towards the 2030 Agenda and its 17 Sustainable Development Goals.

She pointed to limited fiscal space and growing debt pressures, noting that many developing countries are using a significant portion of their revenues to service debt instead of investing in infrastructure and essential public services.

Uganda therefore supports reforms to international financial institutions that would give developing countries a stronger voice in global financial decision making.

Alupo also identified taxation as an important source of domestic financing for development.

She said Uganda supports ongoing intergovernmental negotiations on the United Nations Framework Convention on International Tax Cooperation and its first two protocols.

According to Alupo, stronger international tax rules could help countries tackle illicit financial flows and profit shifting by multinational companies.

She said such measures would contribute to strengthening domestic resource mobilisation and provide developing countries with additional resources to finance their development priorities.


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