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
Kenya · Day 2William Samoei RutoThe test of equality does not end with the institutions that govern peace.
It extends to the institutions that shape prosperity.
The same question confronts us there.
16passages
Botswana · Day 2Duma Gideon BokoThe global financial architecture must therefore evolve to reflect the economic realities of the 21st century including financing demands created by climate change, technological transformation, and the imperative for sustainable development.
Developing countries frequently face borrowing costs several times higher than those of wealthier nations because the system was not designed with the circumstances of the global south in mind.
Debt sustainability is a question of development and fairness.
2passages
Central African Republic · Day 2Faustin Archange TouaderaIt is a demand for justice and effectiveness.
Transformation next requires peacekeeping operations with realistic mandates and predictable financing.
We support strengthening the UN-African Union partnership, including through predictable financing for African-led operations.
2passages
Namibia · Day 2Netumbo Nandi-NdaitwahMr. President, UN system needs constant transformation to be effective.
As we forge ahead with the SDGs, reform of the United international financial architecture is critical to a more equitable and inclusive global economic order.
Such reforms should create greater policy space and access to financing to enable countries to expand their economies through value addition to their natural resources, including critical minerals, for our people to have full benefit of our resources.
2passages
Mozambique · Day 2Daniel Francisco Chapowhich requires predictable, accessible, and sustainable financing.
It also requires a fair international financial architecture, more fair, sustainable debt relief, greater transfer of technology, international trade that is more balanced, and investments that can transform the potential into prosperity.
as well as adhere to the principle of common responsibility, but differentiated responsibilities.
2passages
Uganda · Day 2Jessica Rose Epel AlupoYet progress remains elusive, with only 36% of the 139 targets currently on track.
Numerous obstacles hinder our efforts to accelerate progress, key among being limited physical space.
Many developing countries lack sufficient financial resources to fund their development needs, with a disproportionate share of revenues directed towards debt servicing rather than critical public infrastructure and social services.
2passages
Burundi · Day 2Évariste NdayishimiyeYet, many developing countries face considerable budgetary constraints, high financing costs, and a heavy debt burden.
We therefore call for a reform of the international financial architecture to make it more equitable, more inclusive, and better adapted to the realities of developing countries.
Such a reform must in particular provide access to predictable, affordable, sustainable financing, which is essential for accelerating the implementation of the SDGs and Agenda 2063.
1passages
Argentina · Day 2Javier Gerardo MileiSmith noted, however, that the division of labour is limited by the extent of the market.
Growth will therefore be constrained by its counterpart in genuine demand without fiscal deficits or spurious money creation.
But that's not all.
1passages
Palau · Day 2Surangel WhippsWe need financing that reaches communities without adding debt, adaptation finance that is accessible to countries already bearing the cost of the problems they did not create, and full support of the loss and damage and the special circumstances of SIDS.
This means grant-based and concessional finance, grid readiness and storage, productive energy use, and support that respects our circumstances while enabling delivery at scale.
Those who contributed the least to this climate crisis yet confront the worst threats of rising sea levels must not be burdened with debt simply to purchase a life jacket for their survival.
1passages
Dominican Republic · Day 2Luis Rodolfo Abinader CoronaThis figure is only rivalled by Mexico in Latin America.
However, progress in a country should not mean that a country is penalised.
Middle-income countries host three in every four people on the planet and two in every three people in extreme poverty.
1passages
Eswatini · Day 2King Mswati IIIA family can afford food, and a developing nation can access the finance required to build its future.
Trust among nations has eroded on multiple fronts.
Multilateral commitments have too often gone unmet Financing pledges have not yet been fulfilled and developing countries face trillions of dollars in annual investment gaps to achieve the sustainable development goals.
1passages
Honduras · Day 2Nasry Juan Asfura ZablahHonduras is a conscientious country, a country of law, a country in which we invite you to invest.
Anyone who invests in Honduras will be offered opportunities, order, transparency and clear rules.
we are adhering to the International Monetary Fund guidelines.
1passages
Democratic Republic of the Congo · Day 2Judith Suminwa TulukaThe Cevia commitment must now translate into better access to concessional financing, greater mobilization of lateral development banks, and debt relief mechanisms that protect our state's ability to invest.
Lastly, no financial architecture can be sustainable without tax justice.
International cooperation must combat illicit financial flows, tax evasion, transfer pricing manipulation, and the laundering of revenue from natural resources.
1passages