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00:00 In the Middle East and North Africa, we have some very good initiatives currently
00:05 and some of our member states are from the Middle East and North Africa.
00:11 For example, we are now launching an initiative called the "African Safe Initiative"
00:15 aiming to bring these member states together with our African member states
00:22 to work on food security.
00:25 The investments will be targeted in farming and farming in Africa
00:31 because of the benefits of people in the Middle East and Africa.
00:34 And the Middle East can play a role in financing this initiative
00:41 to create funding and provide access to technology for sustainable work.
00:46 So, finance is a key element in all initiatives and initiatives
00:52 and we know that through the solutions that we know are there.
00:59 But we need to spread it widely and speed up its access to everyone
01:05 in order to achieve the Paris Agreement goals.
01:08 And the main funding, a couple of years ago, we talked about needing 2.5 trillion dollars
01:14 to achieve the goals of sustainable development.
01:16 But today, after the COVID pandemic, if we calculate the cost of dealing with the pandemic
01:22 and also calculate the cost of the climate crisis in the economy,
01:26 we are actually now talking about needing almost double that amount,
01:30 which is about 4 trillion dollars annually in order to achieve the goals of sustainable development.
01:36 And this funding can come not only from the government sector but also from the private sector.
01:41 So, that's why we are now working on creating this funding leverage
01:46 to public finance in addition to the private sector.