Sierra Leone: Global South Must Explore New Development Pathways - Sierra Leone Official

Beijing — The global south needs new development pathways. These should focus on sustainable and inclusive growth, according to a top Sierra Leone official.

Jonathan Titus Williams is the deputy minister of development and economic planning in Sierra Leone. He spoke at the 2025 Global South Financiers Forum in Beijing on March 20.

Williams emphasized that countries must diversify their financing efforts. This will help create a robust and adaptive global economy. He mentioned various mechanisms for multilateral development, including public-private partnerships and impact investments.

He also highlighted the importance of social bonds, digital policy, and partnerships. Public funds should leverage private investment to achieve these goals.

Williams noted that rising economic pressures and geopolitical tensions require innovative solutions. Climate change and the pandemic also demand flexible approaches from all nations.

He stressed that solutions must be tailored to each country's unique needs. A one-size-fits-all approach will not work for developing nations. They need access to financing for specific goals like infrastructure, healthcare, and education.

At the same conference, Andre du Plessis spoke as CEO of Standard Advisory (China). He noted that nations in the Global South face both opportunities and challenges in today's economy.

Du Plessis called for a multilateral approach to economic development in Africa. Greater collaboration in financial cooperation is essential for progress.

He stated that when the Global South acts together, its future looks promising. The conference occurred as U.S. aid for development appears to be declining while China remains interested.

The forum was hosted by Xinhua News Agency, China's state-run news agency. It included representatives from government departments, financial institutions, and experts from over 30 countries.

Organizers stated that financial cooperation is crucial for achieving win-win results in the Global South.