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
Antigua and Barbuda · Day 6Walton Alfonso WebsonThat is where climate debt meets historic debt.
The Fourth International Conference on Financing for Development, which was held in Seville, Spain, placed debt and development finance close to the center of the international agenda.
We cannot fulfill the promise of a bus when carrying unsustainable debts Nor can we build resilience when the cost of capital itself penalizes vulnerability.
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Malawi · Day 6George Chapatula ChapondaIn addition, we cannot achieve sustainable development while drowning in debt.
Malawi, therefore, calls for immediate comprehensive debt relief and restructuring.
The current international financial architecture forces developing nations to choose between servicing predatory debts and investing in health, education, and climate resilience.
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Sri Lanka · Day 6Vijitha HerathToday, Sri Lanka has been reclassified by the World Bank as an upper-middle-income economy, and ratings agencies have recognized this positive trajectory.
However, these developments do not fully reflect the vulnerabilities of countries exposed to debt and external shocks.
Sri Lanka once again calls for reform of the international financial system and for fairer rules governing debt and development finance.
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President of the General Assembly (closing) · Day 6Dr. Khalilur RahmanThose speaking most urgently about development were often the countries facing the heaviest debt burdens, the narrowest fiscal space, the greatest climate vulnerability, and the least voice in the institutions that shape the global economy.
Debt was spoken of more forcefully by those who bear it, not by those with the greatest ability to resolve it.
We have heard that we must honor the CVA commitment reform the international financial architecture, provide affordable and accessible finance, expand fiscal space, strengthen productive capacities, and invest in people.
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Mali · Day 6Abdoulaye DiopThese two ambitious programs are designed to meet the legitimate aspirations of the Malian people, and they constitute a generational pact, and it shows our determination to build a sovereign state, a competitive economy, a just society, a country in which every citizen can thrive with dignity.
the government placed at the heart of its action economic recovery and public welfare because they're essential to lasting peace and stability.
Thus, through appropriate reforms, the government, in addition to improving political situation, we've improved economic governance, including better management of public affairs and greater domestic resource mobilization.
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Congo · Day 6Constant Serge BoundaThe ambitions of our development at the Republic of the Congo and many other African countries are impeded by the burden of debt, inequalities in the international financial system, and the consequences of climate change.
The Republic of the Congo, therefore, calls for an ambitious international action on the issue of developing country debt, including through debt relief and, where appropriate, debt cancellation measures to free resources for SDG-related investments.
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Sudan · Day 6Mohieldin Salim Ahmed IbrahimThis is undertaken in support of efforts to implement a roadmap for debt relief.
Sudan also seeks to improve relations with international financial institutions, secure the lifting of its temporary suspension from the International Monetary Fund, and establish development partnerships that will enable it to manage the recovery stage.
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Benin · Day 6Marc Hermanne Gninadoou Arabaworsening inequality, debt levels which are reducing the room for maneuver available to many states, as well as climate upheaval, which is hitting the most vulnerable the hardest.
Therefore, Benin calls for ongoing transformation of the international financial architecture, the objective being to allow developing countries to access more accessible, predictable financing, financing that is better tailored to their development trajectories.
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