Serving and former leaders met under the principles of solidarity, equality and inclusivity to exchange and find global solutions to global problems.
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00:00 If we compare what we have been discussing last March and what we are discussing today,
00:06 we see substantial changes, geopolitical changes.
00:13 Azerbaijan President Aliyev welcomed guests to the 11th Global Baku Forum, a bringing
00:21 together of world leaders under the principles of solidarity, equality and inclusivity to
00:26 exchange and find global solutions to global problems.
00:30 This year's conference was held under the theme "Fixing the Fractured World".
00:35 Indeed we are living in unprecedented time.
00:39 There are a lot of going on.
00:42 We have political instability, we have economical disparities, we have climate change, we have
00:50 health challenges, of course education, we have social injustice, but those challenges
00:57 that we are facing cannot be dealt alone, individually or regionally.
01:03 As we learned from the past, we have to be unified in our response.
01:09 Four current and 40 former presidents and prime ministers came together over three days
01:14 here in Baku to discuss the pressing issues challenging our fragmented society.
01:20 While discussions recognized a shared humanity and shared futures, there were resounding
01:25 calls to modernize outdated institutions and the need for global governance.
01:31 We are in a situation where the world has dramatically changed over the last 70 years
01:38 and we are still living in a world with an architecture which has been designed a long
01:44 time ago, so it's always very difficult to change governance, to change the decision
01:52 making processes, particularly you have to say in the political arena.
01:56 There were stark warnings also about the state of the global economic order.
02:01 We are living in a highly dangerous financial and economic world that in some respect with
02:08 some indicators it is even more fragile than it was immediately before the last big crisis.
02:16 Reinforce prudentials, reinforce the functioning of the continental institutions.
02:22 Europe of course is a case in point and I take it that as I said it is later today than
02:31 most I would say participants in the world are thinking.
02:36 It is very late.
02:38 Hurry up.
02:39 And debt restructuring was a key issue flagged by the United Nations.
02:44 All our economies are tied together.
02:46 Low income countries and middle income countries choking in debt, unable to pay for the health
02:52 of their people, for the education of their children.
02:56 There's no system where you can get quick debt restructuring and get your country back
03:02 on its feet.
03:03 These are things that can only be solved globally and Baku Forum and other forums where leaders
03:12 and governments come together in equality, point to the future and can help to reform
03:19 the world economic order.
03:22 With war in many parts of the world there was a substantial dialogue discussing the
03:26 idea of peace.
03:28 Peace is priceless.
03:29 We can do everything to increase our capabilities in order to have more secure our continent.
03:36 And of course I'm coming from a region that is very fragile and the situation of the war
03:41 in Ukraine is bringing the people there to think about more the cooperation and dialogue.
03:48 We have been supporting every issue that has been related to human values because we have
03:53 to live with that.
03:54 We have so many wars, asymmetrical wars, wars that don't even have front lines that they
03:59 used to be in the past.
04:01 How do you solve a problem where you have armed rebels that have no front line that
04:07 hide in the population and that don't even declare a cause that they are fighting for?
04:12 How do you solve such a problem?
04:14 We need the global cooperation to solve some of it.
04:18 Topics such as AI technology, innovation and global health challenges also dominated the
04:24 agenda.
04:25 We need resources, resources for strengthening health systems, resources for education, resources
04:32 for research and innovation.
04:33 We need data also, we need information.
04:36 What's happening, how we can monitor diseases, surveillance, all this.
04:40 It's a lot to do but if we are on it together and we put it as a priority, I think we can
04:45 do it.
04:47 When attempting to fix the fractured world, the resounding agreement of the Global Baku
04:51 Forum was that global challenges need a global response.