Development
Debt and financial architecture at UNGA 81
Raised by 79 of 223 speakers. Read verbatim UN transcript quotes and select a time to hear the speech.
Speeches that raised debt and financial architecture
Dominica · Day 1Sylvanie BurtonToo often, The cycle is predictable.
A disaster occurs, infrastructure is destroyed, and economic activity collapses.
We then mobilize resources to rebuild what was lost, often through borrowing that substantially increases debt to rebuild what we could have made more resilient from the outset.
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Secretary-General of the United Nations · Day 1António GuterresMeanwhile, Billions of people still live today without the essentials embedded in the sustainable development goals that should be guaranteed for everyone.
Food, clean water, education, decent work, healthcare, dignity, excellences.
No country should be denied a sustainable future because it is on the wrong side of a deeply unequal financial system.
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Naoero · Day 1David Ranibok AdeangThat is why we strongly support the Multidimensional Vulnerability Index, or MVI, and the United Nations' efforts to pilot the tool.
Its full implementation is essential to ensuring that countries like ours are fairly assessed and adequately supported.
It recognizes that vulnerability is complex, and it must be seen, measured, and acted upon.
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France · Day 1Emmanuel MacronThis is what we did with the Paris Pact for People and Planet in 2023.
Also at the Africa Forward Summit in Nairobi, we also agreed to build a new consensus around investment that stands in solidarity with other states.
Countries are allocating funds, and yet the needs of the countries of the global south are growing as well.
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President of the General Assembly (opening) · Day 1Dr. Khalilur RahmanAll the while, progress on the SDGs stalled at just over a third of targets, And developing countries are now paying the price for supply chain disruptions they did not cause and cannot cure.
The contrast could not be more stark.
We must better prioritize on how we spend our resources by augmenting development assistance, addressing debt burdens, reforming the international financial architecture, fulfilling our CVIA and Paris commitments.
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Chile · Day 1José Antonio KastIn the Latin American context, in which many nations were facing inflation crises and external debt, Chile distinguished itself because it continued to show fiscal responsibility, display high rates of growth and poverty reduction.
What happened then?
Chile ground to a halt.
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Finland · Day 1Alexander StubbTo move forward, we need to break the impasse and be open for creative solutions.
The need for reform also extends to the global economic architecture.
It must be updated to reflect today's power balance.
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Angola · Day 1João Manuel Gonçalves LourençoHowever, in order to achieve concrete results in these areas, It is essential to ensure affordable financing, debt relief, technology transfer, capacity building, and a greater participation of international financial institutions.
African countries spend far more resources on the exorbitant cost of debt servicing than they are able to invest in health, education, infrastructure development programs.
This situation obviously limits productive investment, deepens inequalities and economic disparities, and threatens economic and social stability.
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Sierra Leone · Day 1Julius Maada BioThe imbalance within the Security Council is also present in international financial institutions.
whose structures still bear the imprint of an earlier age.
Developing countries need fairer voting power, stronger representation, and increased capital within these institutions, together with affordable finance, concessional resources, and fairer debt treatment.
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Seychelles · Day 1Mathew Antonio Patrick HerminieFor small island states, that sustainability is a matter of national survival.
We require affordable, accessible, long-term financing, meaningful debt relief, and the full implementation of the multidimensional vulnerability index.
Measuring a nation's development solely by GDP per capita ignores extreme exposure to climate shocks and geographic isolation.
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Viet Nam · Day 1To LamHumane and inclusive and sustainable international commitments must be translated into action and bring people lives of peace, security, dignity and happiness.
It is for this reason that the Pact for the Future and the 2030 Agenda, our promises to present and future generations, must be implemented earnestly and in full.
Commitments on financing for development, including the severe commitment.
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United Republic of Tanzania · Day 1Deogratius NdejembiThese ambitions may not be realized if the international financial architecture is not made to work for development.
Currently, when developing countries are accelerating progress, they are restricted by high borrowing costs, rising debt burdens, and limited access to affordable long-term financing.
Tanzania stresses that improvements must be made to ensure expansion of concessional financing, mobilization of private investment, improved access to development and climate finance, and giving developing countries a stronger voice in the global financial decision-making.
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Trinidad and Tobago · Day 1Kamla Persad-BissessarSo therefore, Therefore, as Trinidad and Tobago prepares to serve on the Security Council, we will continue to bring attention to Haiti and to the wider security concerns of the Caribbean, whilst working with CARICOM and other international partners towards practical and sustainable solutions.
Mr. President, managing transformation must also mean ensuring that developing developing countries are not simply expected to adjust the changes decided or developed elsewhere.
Whether in technology and SI, super intelligence, a global economy, or energy development countries must have the opportunity and the capacity to help in shaping those changes.
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Croatia · Day 1Andrej Plenkovićwhile reducing its public debt to GDP ratio by 30 percentage points from its pandemic peak.
Six consecutive sovereign credit rating upgrades have brought us into the A category.
We have tripled our defense budget with approximately one-third of that spending allocated to military modernization.
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