Following are UN Deputy Secretary-General Amina Mohammed’s remarks at the launch of the Integrated Financing Frameworks Facility, a Financing for Development Forum side event, in New York today:
The Economic and Social Council concluded its annual financing for development forum today with the adoption of an outcome document highlighting the critical need for resources to deliver on the central promise of the United Nations framework for achieving a better, more sustainable future for all by 2030.
Inequalities in financial space and an unfair international corporate tax architecture urgently require reform to foster recovery and growth in developing countries — with private finance and investment key factors — speakers told the Economic and Social Council today as it continued its annual forum on financing for development follow-up with three panel discussions.
Note: Following is a partial summary of today's meetings of the Economic and Social Council forum on financing for development follow-up. A complete summary of today's meetings of the forum will be available by COB Wednesday, 27 April.
Ministers and other high-level officials concluded the 2021 Forum on Financing for Development Follow-up today, reaffirming their commitment to strengthen multilateral cooperation and solidarity to combat COVID-19’s frustration of global implementation of the 2030 Agenda for Sustainable Development, tenuous even before the unprecedented crisis exacerbated existing ones.
Poor countries are facing severe setbacks on their development paths, encumbered by ballooning debts, high risks of default and limited ability to inject desperately needed liquidity into their markets, economic experts told the Forum on Financing for Development today, as they offered ideas for ensuring a more equitable global recovery from the pandemic during three interactive panels.
The Economic and Social Council continued its annual Forum on Financing for Development today, holding two interactive panel discussions, during which speakers proposed potential solutions to COVID-19’s devastating impact on infrastructure investment — lagging even before the novel coronavirus struck — and sought ways to avoid a global post-pandemic recovery that leaves some behind.