FFD 4: When to change the future investment and direction, UN Chief Call

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FFD 4: When to change the future investment and direction, UN Chief Call

General Secretary Antonio Gutresh further made clear that sustainable development on the basis of international cooperation at this time Face to face the deadly challenging situation.

Addressing the inaugural session of the fourth conference of the Finance for Development (FFD 4) in Sevia City, Spain’s Sevia City, said that multilaterality is in deep crisis and the gates of confidence between the country and the organization are weakening day by day.

More than 5 world leaders, representatives of more than 5 countries and about 1,000 other participating participants participated in the conferences.

The general secretary said, “The world is facing fire – discriminated against discrimination, climate crisis and serious conflict. Financing is the development engine and now the engine is badly stunned. “

“We are meeting this meeting at a time when our promise to build a better and more equitable future world – the agenda of the continuous development of 20 is in deep crisis.”

About two -thirds of the ambitious Sustainable Development Goals (SDGs) agreed in the 21st, about two -thirds of the target was strictly behind -and would require an unprecedented $ 4 trillion investment to return to their track.

The general secretary said, “We have gathered to decide a new direction in Sevya – so that the suspended engine of development can be re -amended and the investment is at the required scale and speed in today’s era.”

He gave the ‘Sevier Promise’ a “global promise” adopted on Monday, whose goal is to include downward countries in the mainstream of development. However, the United States separated from this process early this month and was not part of this promise.

Emphasize the three main work fields:

  • FirstTo intensify the flow of resources at the domestic level, so that sustainable growth can get the actual speed; Also, rich countries have to ensure that the assistance given to developing countries is doubled as promised. These include the innovative solution to increase the capacity of the multilateral development banks three times and activate personal capital.
  • SecondTo improve the “unstable, unfair and unbearable” global debt system of the present. Currently, poor countries are spending about $ 1.4 trillion dollars, only to pay interest, causing their development to stagnate. On this side, a new ‘Orrow Document’ forum will be established, which will make the debt reorganization process more just, transparent and effective.
  • ThirdIn order to make a broad improvement in the global financial structure, where the active participation of chief shareholders will be necessary, so that this system can empower each country and include inclusive benefits. The general secretary emphasized, “We need a global tax system that is more justified – which should be prepared by equal participation in all countries, not by the elected countries.”

He said that the current and stagnant development crisis is actually a “humanity crisis”, which is not only in statistics, but also in every hungry family, vaccine -population and girls life.

The general secretary said, “This conference is not a charity or grace platform – it is trying to recover justice, so that every person can have the right and opportunity to survive with dignity.”

This conference is not just about money – this is an opportunity to invest in the general future that we all want to create together. “

… I continue to continue …