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00:00 Victory for the African Union, which has been asking to be a member for seven years.
00:04 It's the first time that the African Union represents the continent as a global power
00:10 in itself, inside an international organization.
00:14 This will straighten the J20 and also straighten the voice of the global south, declared Indian
00:20 Prime Minister Narendra Modi.
00:22 With full J20 membership, the organization will influence decisions, especially on development
00:28 financing.
00:30 A reform of international financial institutions has often been called for by African countries,
00:36 by the African Union, because access to development financing is often ten times more expensive
00:41 for African countries than for industrialized countries.
00:45 So being part of the G20, a forum which, even if it remains informal, still has a very great
00:51 influence on the way consensus is created at the level of international financial institutions.
00:57 This is also a challenge for the African Union to represent 55 very different countries and
01:03 to create the consensus.
01:05 It will have to speak with one voice to defend its interest in economic development, but
01:10 also in environmental issues.
01:13 The African Union advocates a global and united response to climate change, which Africa contributes
01:20 to the least but is affected by the most.