{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/ar/ga/c2/81/7?lang=en","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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first invite Her Excellency Ms. Fancy Chepkemoi, Permanent Representative of Kenya to the United Nations Office in Geneva and President of the Trade and Development Board, to introduce under agenda item 15A, the report of the Trade and Development Board on its 78th Executive Session in Geneva, which was held in February 2026, from 2 to 6 February.","start":1114.39,"end":1144.39,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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the outset, I would like to congratulate you and the Bureau on your election.","start":1297.59,"end":1301.83,"topics":[],"words":[{"text":"At","start":1297.59,"end":1297.71},{"text":"the","start":1297.71,"end":1297.87},{"text":"outset,","start":1297.87,"end":1298.47},{"text":"I","start":1298.55,"end":1298.59},{"text":"would","start":1298.59,"end":1298.71},{"text":"like","start":1298.71,"end":1299.11},{"text":"to","start":1299.11,"end":1299.35},{"text":"congratulate","start":1299.35,"end":1300.15},{"text":"you","start":1300.15,"end":1300.39},{"text":"and","start":1300.47,"end":1300.63},{"text":"the","start":1300.63,"end":1300.71},{"text":"Bureau","start":1300.71,"end":1300.99},{"text":"on","start":1300.99,"end":1301.19},{"text":"your","start":1301.19,"end":1301.31},{"text":"election.","start":1301.31,"end":1301.83}]},{"text":"A year ago, UNGCTAD 16 adopted the Geneva Consensus, asking UNGCTAD to align its work into the efforts being made elsewhere to implement and shape development 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is where the work we do in Geneva and in New York find their synergies and reinforce each 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for the first time in more than three decades, the Trade and Development Board is tasked with adopting an omnibus resolution as the main outcome of its regular session, with the goal of capturing and advancing consensus on the key development 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Chair, let me highlight three priorities of the board this year, which complement the work of this committee and reflect three crucial areas where developing countries need both immediate answers and long-term 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what is the cost to move goods?","start":1343.95,"end":1346.27,"topics":[],"words":[{"text":"First,","start":1343.95,"end":1344.43},{"text":"what","start":1344.43,"end":1344.71},{"text":"is","start":1344.71,"end":1344.83},{"text":"the","start":1344.83,"end":1344.95},{"text":"cost","start":1344.95,"end":1345.51},{"text":"to","start":1345.51,"end":1345.59},{"text":"move","start":1345.59,"end":1345.87},{"text":"goods?","start":1345.87,"end":1346.27}]},{"text":"Second, what is the cost to borrow?","start":1346.87,"end":1348.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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development.","start":1458.03,"end":1465.63,"topics":[],"words":[{"text":"Madam","start":1458.03,"end":1458.27},{"text":"Chair,","start":1458.27,"end":1458.59},{"text":"our","start":1459.07,"end":1459.19},{"text":"task","start":1459.19,"end":1459.47},{"text":"in","start":1459.47,"end":1459.63},{"text":"Geneva","start":1459.63,"end":1459.91},{"text":"and","start":1459.91,"end":1460.03},{"text":"in","start":1460.03,"end":1460.15},{"text":"New","start":1460.15,"end":1460.27},{"text":"York","start":1460.27,"end":1460.59},{"text":"alike","start":1461.07,"end":1461.55},{"text":"is","start":1461.55,"end":1461.79},{"text":"to","start":1461.79,"end":1461.91},{"text":"make","start":1461.91,"end":1462.19},{"text":"sure","start":1462.19,"end":1462.43},{"text":"no","start":1462.43,"end":1462.59},{"text":"one","start":1462.59,"end":1462.75},{"text":"is","start":1462.75,"end":1462.91},{"text":"left","start":1462.91,"end":1463.07},{"text":"behind","start":1463.07,"end":1463.55},{"text":"by","start":1463.71,"end":1463.95},{"text":"truly","start":1463.95,"end":1464.35},{"text":"advancing","start":1464.35,"end":1464.87},{"text":"development.","start":1464.87,"end":1465.63}]},{"text":"The members of the Trade and Development Board are committed to working together in building a future of prosperity shared by 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thank you, Madam Chair.","start":1471.95,"end":1472.91,"topics":[],"words":[{"text":"I","start":1471.95,"end":1472.03},{"text":"thank","start":1472.03,"end":1472.27},{"text":"you,","start":1472.27,"end":1472.35},{"text":"Madam","start":1472.35,"end":1472.67},{"text":"Chair.","start":1472.67,"end":1472.91}]}]}],"speaker":{"affiliation":"UNCTAD","group":null,"function":"President of the Trade and Development Board","affiliation_full":"UNCTAD"}},{"statement_number":7,"start":1475.47,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=24:36","paragraphs":[{"sentences":[{"text":"I thank the President of the Trade and Development Board for her 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A/81/277.","start":1480.15,"end":1504.47,"topics":[],"words":[{"text":"I","start":1480.15,"end":1480.16},{"text":"now","start":1480.15,"end":1480.35},{"text":"would","start":1480.35,"end":1480.47},{"text":"like","start":1480.47,"end":1480.71},{"text":"to","start":1480.71,"end":1480.83},{"text":"invite","start":1480.83,"end":1481.43},{"text":"Ms.","start":1481.63,"end":1481.99},{"text":"Luis","start":1481.99,"end":1482.31},{"text":"Maria","start":1482.31,"end":1482.71},{"text":"de","start":1482.71,"end":1482.83},{"text":"la","start":1482.83,"end":1482.95},{"text":"Mora,","start":1482.95,"end":1483.35},{"text":"Director","start":1483.43,"end":1484.07},{"text":"of","start":1484.07,"end":1484.15},{"text":"the","start":1484.15,"end":1484.23},{"text":"Division","start":1484.31,"end":1484.87},{"text":"on","start":1484.95,"end":1485.19},{"text":"International","start":1485.19,"end":1485.83},{"text":"Trade","start":1485.83,"end":1486.15},{"text":"and","start":1486.15,"end":1486.31},{"text":"Commodities","start":1486.31,"end":1487.03},{"text":"at","start":1487.03,"end":1487.23},{"text":"UNCTAD,","start":1487.23,"end":1487.55},{"text":"to","start":1488.07,"end":1488.23},{"text":"introduce","start":1488.23,"end":1488.95},{"text":"under","start":1488.95,"end":1489.51},{"text":"agenda","start":1489.67,"end":1490.15},{"text":"item","start":1490.15,"end":1490.47},{"text":"15A","start":1490.47,"end":1491.51},{"text":"by","start":1491.83,"end":1492.07},{"text":"a","start":1492.07,"end":1492.11},{"text":"pre-recorded","start":1492.11,"end":1492.87},{"text":"video","start":1492.87,"end":1493.15},{"text":"statement","start":1493.15,"end":1493.75},{"text":"the","start":1493.75,"end":1493.83},{"text":"report","start":1493.83,"end":1494.27},{"text":"of","start":1494.27,"end":1494.35},{"text":"the","start":1494.35,"end":1494.47},{"text":"Secretary-General","start":1494.47,"end":1495.59},{"text":"on","start":1495.59,"end":1496.23},{"text":"international","start":1496.23,"end":1497.83},{"text":"trade","start":1497.83,"end":1498.15},{"text":"and","start":1498.15,"end":1498.27},{"text":"development","start":1498.27,"end":1499.03},{"text":"as","start":1499.43,"end":1499.75},{"text":"contained","start":1499.75,"end":1500.31},{"text":"in","start":1500.31,"end":1500.47},{"text":"document","start":1500.47,"end":1501.83},{"text":"A/81/277.","start":1501.83,"end":1504.47}]},{"text":"I would kindly ask to play the video.","start":1505.35,"end":1507.91,"topics":[],"words":[{"text":"I","start":1505.35,"end":1505.39},{"text":"would","start":1505.39,"end":1505.51},{"text":"kindly","start":1505.59,"end":1505.99},{"text":"ask","start":1505.99,"end":1506.47},{"text":"to","start":1506.79,"end":1507.11},{"text":"play","start":1507.11,"end":1507.43},{"text":"the","start":1507.43,"end":1507.51},{"text":"video.","start":1507.51,"end":1507.91}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":8,"start":1527.87,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=25:28","paragraphs":[{"sentences":[{"text":"Chair, Excellencies, Distinguished Delegates, it is my pleasure to present the Secretary-General's report on international trade and development.","start":1527.87,"end":1535.63,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Chair,","start":1527.87,"end":1528.27},{"text":"Excellencies,","start":1528.27,"end":1529.07},{"text":"Distinguished","start":1529.11,"end":1529.67},{"text":"Delegates,","start":1529.67,"end":1530.27},{"text":"it","start":1530.59,"end":1530.75},{"text":"is","start":1530.75,"end":1530.91},{"text":"my","start":1530.91,"end":1531.07},{"text":"pleasure","start":1531.07,"end":1531.55},{"text":"to","start":1531.55,"end":1531.75},{"text":"present","start":1531.75,"end":1532.15},{"text":"the","start":1532.15,"end":1532.27},{"text":"Secretary-General's","start":1532.27,"end":1533.27},{"text":"report","start":1533.27,"end":1533.71},{"text":"on","start":1533.71,"end":1533.87},{"text":"international","start":1533.87,"end":1534.43},{"text":"trade","start":1534.43,"end":1534.79},{"text":"and","start":1534.91,"end":1535.11},{"text":"development.","start":1535.11,"end":1535.63}]},{"text":"Today, trade continues to grow, but the rules and conditions under which trade takes place have become less predictable.","start":1536.43,"end":1544.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Today,","start":1536.43,"end":1536.91},{"text":"trade","start":1537.15,"end":1537.43},{"text":"continues","start":1537.43,"end":1537.95},{"text":"to","start":1537.95,"end":1538.07},{"text":"grow,","start":1538.07,"end":1538.35},{"text":"but","start":1538.67,"end":1538.91},{"text":"the","start":1538.91,"end":1538.99},{"text":"rules","start":1538.99,"end":1539.31},{"text":"and","start":1539.31,"end":1539.43},{"text":"conditions","start":1539.43,"end":1540.11},{"text":"under","start":1540.19,"end":1540.63},{"text":"which","start":1540.63,"end":1540.99},{"text":"trade","start":1540.99,"end":1541.35},{"text":"takes","start":1541.35,"end":1541.79},{"text":"place","start":1541.79,"end":1542.19},{"text":"have","start":1542.27,"end":1542.51},{"text":"become","start":1542.51,"end":1542.91},{"text":"less","start":1542.91,"end":1543.31},{"text":"predictable.","start":1543.31,"end":1544.03}]},{"text":"For developing countries, this means higher levels of uncertainty that increase costs.","start":1544.91,"end":1550.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"For","start":1544.91,"end":1545.15},{"text":"developing","start":1545.15,"end":1545.63},{"text":"countries,","start":1545.63,"end":1546.11},{"text":"this","start":1546.11,"end":1546.51},{"text":"means","start":1546.51,"end":1546.91},{"text":"higher","start":1546.91,"end":1547.23},{"text":"levels","start":1547.23,"end":1547.63},{"text":"of","start":1547.63,"end":1547.71},{"text":"uncertainty","start":1547.71,"end":1548.51},{"text":"that","start":1548.75,"end":1548.99},{"text":"increase","start":1548.99,"end":1549.39},{"text":"costs.","start":1549.39,"end":1550.03}]},{"text":"making it for them harder to leverage trade to support investment, diversification, and sustainable development.","start":1550.27,"end":1557.31,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"making","start":1550.27,"end":1550.63},{"text":"it","start":1550.63,"end":1550.75},{"text":"for","start":1550.75,"end":1550.91},{"text":"them","start":1550.91,"end":1551.15},{"text":"harder","start":1551.15,"end":1551.71},{"text":"to","start":1551.71,"end":1551.83},{"text":"leverage","start":1551.83,"end":1552.27},{"text":"trade","start":1552.27,"end":1552.63},{"text":"to","start":1552.63,"end":1552.71},{"text":"support","start":1553.15,"end":1553.59},{"text":"investment,","start":1553.59,"end":1554.27},{"text":"diversification,","start":1554.51,"end":1555.55},{"text":"and","start":1555.95,"end":1556.19},{"text":"sustainable","start":1556.19,"end":1556.75},{"text":"development.","start":1556.75,"end":1557.31}]},{"text":"I would like to leave you with three messages today.","start":1558.67,"end":1561.39,"topics":[],"words":[{"text":"I","start":1558.67,"end":1558.83},{"text":"would","start":1558.83,"end":1558.95},{"text":"like","start":1558.99,"end":1559.19},{"text":"to","start":1559.19,"end":1559.35},{"text":"leave","start":1559.35,"end":1559.63},{"text":"you","start":1559.63,"end":1559.79},{"text":"with","start":1559.79,"end":1560.03},{"text":"three","start":1560.11,"end":1560.35},{"text":"messages","start":1560.35,"end":1560.91},{"text":"today.","start":1560.91,"end":1561.39}]},{"text":"First, global trade is resilient, but that resiliency is uneven.","start":1561.87,"end":1566.59,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"First,","start":1561.87,"end":1562.43},{"text":"global","start":1562.83,"end":1563.15},{"text":"trade","start":1563.15,"end":1563.51},{"text":"is","start":1563.51,"end":1563.71},{"text":"resilient,","start":1563.71,"end":1564.43},{"text":"but","start":1564.75,"end":1564.99},{"text":"that","start":1564.99,"end":1565.23},{"text":"resiliency","start":1565.23,"end":1565.91},{"text":"is","start":1565.91,"end":1566.11},{"text":"uneven.","start":1566.11,"end":1566.59}]},{"text":"Global trade reached approximately $36 trillion in 2025.","start":1567.39,"end":1572.11,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Global","start":1567.39,"end":1567.79},{"text":"trade","start":1567.79,"end":1568.11},{"text":"reached","start":1568.11,"end":1568.51},{"text":"approximately","start":1568.51,"end":1569.39},{"text":"$36","start":1569.39,"end":1569.43},{"text":"trillion","start":1569.43,"end":1570.99},{"text":"in","start":1570.99,"end":1571.11},{"text":"2025.","start":1571.11,"end":1572.11}]},{"text":"Merchandise trade grew by 6.6% and services trade by 8.8%.","start":1572.67,"end":1579.11,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Merchandise","start":1572.67,"end":1573.31},{"text":"trade","start":1573.31,"end":1573.59},{"text":"grew","start":1573.71,"end":1573.87},{"text":"by","start":1573.87,"end":1574.03},{"text":"6.6%","start":1574.03,"end":1575.39},{"text":"and","start":1575.39,"end":1575.71},{"text":"services","start":1575.95,"end":1576.59},{"text":"trade","start":1576.59,"end":1577.47},{"text":"by","start":1577.51,"end":1577.63},{"text":"8.8%.","start":1579.07,"end":1579.11}]},{"text":"Developing economies are increasingly important to this growth.","start":1579.31,"end":1582.59,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Developing","start":1579.31,"end":1579.87},{"text":"economies","start":1579.87,"end":1580.43},{"text":"are","start":1580.43,"end":1580.67},{"text":"increasingly","start":1580.67,"end":1581.43},{"text":"important","start":1581.43,"end":1581.91},{"text":"to","start":1581.91,"end":1582.03},{"text":"this","start":1582.03,"end":1582.19},{"text":"growth.","start":1582.19,"end":1582.59}]},{"text":"South-South trade grew by around 80% between 2020 and 2025.","start":1583.23,"end":1588.75,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"South-South","start":1583.23,"end":1583.99},{"text":"trade","start":1583.99,"end":1584.43},{"text":"grew","start":1584.51,"end":1584.75},{"text":"by","start":1584.75,"end":1584.99},{"text":"around","start":1584.99,"end":1585.39},{"text":"80%","start":1585.71,"end":1585.75},{"text":"between","start":1585.79,"end":1586.83},{"text":"2020","start":1586.83,"end":1587.35},{"text":"and","start":1587.35,"end":1587.51},{"text":"2025.","start":1587.51,"end":1588.75}]},{"text":"These are important signs of opportunity.","start":1589.63,"end":1592.43,"topics":[],"words":[{"text":"These","start":1589.63,"end":1590.03},{"text":"are","start":1590.03,"end":1590.27},{"text":"important","start":1590.27,"end":1591.07},{"text":"signs","start":1591.07,"end":1591.55},{"text":"of","start":1591.55,"end":1591.67},{"text":"opportunity.","start":1591.67,"end":1592.43}]},{"text":"But the headline numbers conceal growing pressures.","start":1593.31,"end":1596.75,"topics":[],"words":[{"text":"But","start":1593.31,"end":1593.59},{"text":"the","start":1593.59,"end":1593.71},{"text":"headline","start":1593.71,"end":1594.39},{"text":"numbers","start":1594.39,"end":1594.99},{"text":"conceal","start":1594.99,"end":1595.55},{"text":"growing","start":1595.55,"end":1596.03},{"text":"pressures.","start":1596.03,"end":1596.75}]},{"text":"Higher tariffs, non-tariff measures, export controls, and other trade measures are changing market access conditions.","start":1597.15,"end":1605.23,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Higher","start":1597.15,"end":1597.55},{"text":"tariffs,","start":1597.55,"end":1598.19},{"text":"non-tariff","start":1598.43,"end":1598.99},{"text":"measures,","start":1598.99,"end":1599.63},{"text":"export","start":1599.95,"end":1600.39},{"text":"controls,","start":1600.39,"end":1600.99},{"text":"and","start":1601.07,"end":1601.31},{"text":"other","start":1601.31,"end":1601.71},{"text":"trade","start":1601.71,"end":1602.03},{"text":"measures","start":1602.03,"end":1602.59},{"text":"are","start":1602.83,"end":1603.07},{"text":"changing","start":1603.15,"end":1603.71},{"text":"market","start":1603.71,"end":1604.11},{"text":"access","start":1604.11,"end":1604.43},{"text":"conditions.","start":1604.43,"end":1605.23}]},{"text":"Firms are reorganizing supply chains and, in some cases, moving production or relying on intermediary economies.","start":1606.31,"end":1614.15,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Firms","start":1606.31,"end":1606.63},{"text":"are","start":1606.63,"end":1606.75},{"text":"reorganizing","start":1606.75,"end":1607.51},{"text":"supply","start":1607.51,"end":1607.91},{"text":"chains","start":1607.91,"end":1608.39},{"text":"and,","start":1608.63,"end":1608.83},{"text":"in","start":1608.83,"end":1608.91},{"text":"some","start":1608.91,"end":1609.19},{"text":"cases,","start":1609.19,"end":1609.67},{"text":"moving","start":1609.99,"end":1610.43},{"text":"production","start":1610.43,"end":1611.19},{"text":"or","start":1611.27,"end":1611.55},{"text":"relying","start":1611.55,"end":1612.15},{"text":"on","start":1612.23,"end":1612.39},{"text":"intermediary","start":1612.39,"end":1613.35},{"text":"economies.","start":1613.35,"end":1614.15}]},{"text":"For large and diversified economies, these adjustments can be costly but manageable.","start":1615.03,"end":1620.39,"topics":[],"words":[{"text":"For","start":1615.03,"end":1615.27},{"text":"large","start":1615.27,"end":1615.75},{"text":"and","start":1615.83,"end":1616.03},{"text":"diversified","start":1616.03,"end":1616.67},{"text":"economies,","start":1616.67,"end":1617.35},{"text":"these","start":1617.51,"end":1617.75},{"text":"adjustments","start":1617.75,"end":1618.47},{"text":"can","start":1618.47,"end":1618.63},{"text":"be","start":1618.63,"end":1618.75},{"text":"costly","start":1618.75,"end":1619.35},{"text":"but","start":1619.43,"end":1619.75},{"text":"manageable.","start":1619.75,"end":1620.39}]},{"text":"But for smaller developing economies, least developed countries, and small island developing states, the choices are much narrower.","start":1621.27,"end":1629.51,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"But","start":1621.27,"end":1621.59},{"text":"for","start":1621.59,"end":1621.75},{"text":"smaller","start":1621.75,"end":1622.23},{"text":"developing","start":1622.23,"end":1622.75},{"text":"economies,","start":1622.75,"end":1623.43},{"text":"least","start":1623.51,"end":1623.99},{"text":"developed","start":1623.99,"end":1624.43},{"text":"countries,","start":1624.43,"end":1625.03},{"text":"and","start":1625.03,"end":1625.27},{"text":"small","start":1625.27,"end":1625.67},{"text":"island","start":1625.67,"end":1626.19},{"text":"developing","start":1626.19,"end":1626.71},{"text":"states,","start":1626.71,"end":1627.35},{"text":"the","start":1627.51,"end":1627.63},{"text":"choices","start":1627.63,"end":1628.23},{"text":"are","start":1628.23,"end":1628.39},{"text":"much","start":1628.39,"end":1628.87},{"text":"narrower.","start":1628.87,"end":1629.51}]},{"text":"A country dependent on a small number of exports or imported energy cannot simply replace markets or suppliers overnight.","start":1630.39,"end":1638.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"A","start":1630.39,"end":1630.43},{"text":"country","start":1630.43,"end":1630.91},{"text":"dependent","start":1630.91,"end":1631.63},{"text":"on","start":1631.63,"end":1631.79},{"text":"a","start":1631.79,"end":1631.83},{"text":"small","start":1631.83,"end":1632.19},{"text":"number","start":1632.19,"end":1632.55},{"text":"of","start":1632.55,"end":1632.67},{"text":"exports","start":1632.67,"end":1633.23},{"text":"or","start":1633.23,"end":1633.47},{"text":"imported","start":1633.47,"end":1634.27},{"text":"energy","start":1634.27,"end":1634.91},{"text":"cannot","start":1635.15,"end":1635.63},{"text":"simply","start":1635.63,"end":1636.03},{"text":"replace","start":1636.03,"end":1636.51},{"text":"markets","start":1636.51,"end":1637.07},{"text":"or","start":1637.07,"end":1637.23},{"text":"suppliers","start":1637.23,"end":1637.87},{"text":"overnight.","start":1637.87,"end":1638.67}]},{"text":"This brings me to my second message.","start":1639.47,"end":1641.71,"topics":[],"words":[{"text":"This","start":1639.47,"end":1639.87},{"text":"brings","start":1639.87,"end":1640.15},{"text":"me","start":1640.15,"end":1640.27},{"text":"to","start":1640.27,"end":1640.47},{"text":"my","start":1640.47,"end":1640.67},{"text":"second","start":1640.67,"end":1641.07},{"text":"message.","start":1641.07,"end":1641.71}]},{"text":"Predictability is itself a development asset.","start":1642.03,"end":1645.95,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Trade and Development stands ready to support member states through analysis, consensus building, and technical 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you.","start":1760.83,"end":1761.39,"topics":[],"words":[{"text":"I","start":1760.83,"end":1760.99},{"text":"thank","start":1760.99,"end":1761.23},{"text":"you.","start":1761.23,"end":1761.39}]},{"text":"Chair, Excellencies, distinguished guests.","start":1765.15,"end":1768.15,"topics":[],"words":[{"text":"Chair,","start":1765.15,"end":1765.55},{"text":"Excellencies,","start":1765.55,"end":1766.35},{"text":"distinguished","start":1766.43,"end":1766.99},{"text":"guests.","start":1767.95,"end":1768.15}]}]}],"speaker":{"affiliation":"UNCTAD","group":null,"function":"Director of the Division on International Trade and Commodities","affiliation_full":"UNCTAD"}},{"statement_number":9,"start":1773.15,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=29:34","paragraphs":[{"sentences":[{"text":"I thank Ms. De la Mora for her statement.","start":1773.15,"end":1775.39,"topics":[],"words":[{"text":"I","start":1773.15,"end":1773.31},{"text":"thank","start":1773.39,"end":1773.71},{"text":"Ms.","start":1773.71,"end":1773.95},{"text":"De","start":1773.95,"end":1774.03},{"text":"la","start":1774.03,"end":1774.11},{"text":"Mora","start":1774.11,"end":1774.39},{"text":"for","start":1774.39,"end":1774.63},{"text":"her","start":1774.63,"end":1774.75},{"text":"statement.","start":1774.75,"end":1775.39}]},{"text":"I now invite Mr. Oliver Schrank, Chief of the Policy Analysis and Development Branch in the Financing for Sustainable Development Office of the Department of Economic and Social Affairs, to introduce in one intervention the following reports of the 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agenda item 15, the report on international financing system and development, contained in document A/81/322.","start":1793.27,"end":1802.99,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Under","start":1793.27,"end":1793.63},{"text":"agenda","start":1793.63,"end":1794.07},{"text":"item","start":1794.07,"end":1794.39},{"text":"15,","start":1794.39,"end":1795.15},{"text":"the","start":1795.15,"end":1795.39},{"text":"report","start":1795.39,"end":1795.83},{"text":"on","start":1795.83,"end":1795.95},{"text":"international","start":1795.95,"end":1796.67},{"text":"financing","start":1796.67,"end":1797.23},{"text":"system","start":1797.23,"end":1797.75},{"text":"and","start":1797.75,"end":1797.87},{"text":"development,","start":1797.87,"end":1798.59},{"text":"contained","start":1798.83,"end":1799.35},{"text":"in","start":1799.35,"end":1799.47},{"text":"document","start":1799.47,"end":1800.11},{"text":"A/81/322.","start":1800.11,"end":1802.99}]},{"text":"Under agenda item 15, the report on international coordination and cooperation to combat illicit financial flows, contained in document A/81/269.","start":1803.75,"end":1816.11,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"Under","start":1803.75,"end":1804.07},{"text":"agenda","start":1804.07,"end":1804.43},{"text":"item","start":1804.43,"end":1804.75},{"text":"15,","start":1804.75,"end":1805.31},{"text":"the","start":1805.31,"end":1805.75},{"text":"report","start":1805.75,"end":1806.19},{"text":"on","start":1806.19,"end":1806.35},{"text":"international","start":1806.35,"end":1806.99},{"text":"coordination","start":1806.99,"end":1807.75},{"text":"and","start":1807.75,"end":1807.91},{"text":"cooperation","start":1807.91,"end":1808.59},{"text":"to","start":1808.59,"end":1808.75},{"text":"combat","start":1808.75,"end":1809.31},{"text":"illicit","start":1809.71,"end":1810.23},{"text":"financial","start":1810.23,"end":1810.75},{"text":"flows,","start":1810.75,"end":1811.31},{"text":"contained","start":1811.31,"end":1811.79},{"text":"in","start":1811.79,"end":1811.91},{"text":"document","start":1811.91,"end":1813.31},{"text":"A/81/269.","start":1813.63,"end":1816.11}]},{"text":"And under agenda item 16, the report on follow-up to the implementation of the outcomes of the International Conferences on Financing for Development, contained in document A/81/336.","start":1816.43,"end":1828.99,"topics":[],"words":[{"text":"And","start":1816.43,"end":1816.71},{"text":"under","start":1816.71,"end":1816.99},{"text":"agenda","start":1816.99,"end":1817.39},{"text":"item","start":1817.39,"end":1817.71},{"text":"16,","start":1817.71,"end":1818.35},{"text":"the","start":1818.35,"end":1818.43},{"text":"report","start":1818.43,"end":1818.87},{"text":"on","start":1818.87,"end":1819.07},{"text":"follow-up","start":1819.07,"end":1819.79},{"text":"to","start":1819.79,"end":1819.91},{"text":"the","start":1819.91,"end":1819.99},{"text":"implementation","start":1819.99,"end":1820.87},{"text":"of","start":1820.87,"end":1820.99},{"text":"the","start":1820.99,"end":1821.11},{"text":"outcomes","start":1821.11,"end":1821.87},{"text":"of","start":1822.23,"end":1822.39},{"text":"the","start":1822.39,"end":1822.47},{"text":"International","start":1822.47,"end":1823.19},{"text":"Conferences","start":1823.19,"end":1823.87},{"text":"on","start":1823.87,"end":1823.99},{"text":"Financing","start":1823.99,"end":1824.51},{"text":"for","start":1824.51,"end":1824.71},{"text":"Development,","start":1824.71,"end":1825.39},{"text":"contained","start":1825.75,"end":1826.23},{"text":"in","start":1826.23,"end":1826.39},{"text":"document","start":1826.39,"end":1827.27},{"text":"A/81/336.","start":1827.67,"end":1828.99}]},{"text":"Mr. Schwank, you have the floor.","start":1829.03,"end":1832.31,"topics":[],"words":[{"text":"Mr.","start":1829.03,"end":1829.51},{"text":"Schwank,","start":1830.99,"end":1831.43},{"text":"you","start":1831.43,"end":1831.59},{"text":"have","start":1831.59,"end":1831.75},{"text":"the","start":1831.75,"end":1831.87},{"text":"floor.","start":1831.87,"end":1832.31}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":10,"start":1833.83,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=30:34","paragraphs":[{"sentences":[{"text":"Thank you, Madam Chair.","start":1833.83,"end":1834.79,"topics":[],"words":[{"text":"Thank","start":1833.83,"end":1834.07},{"text":"you,","start":1834.07,"end":1834.15},{"text":"Madam","start":1834.15,"end":1834.47},{"text":"Chair.","start":1834.47,"end":1834.79}]},{"text":"Good morning, colleagues.","start":1835.07,"end":1836.07,"topics":[],"words":[{"text":"Good","start":1835.07,"end":1835.27},{"text":"morning,","start":1835.27,"end":1835.55},{"text":"colleagues.","start":1835.55,"end":1836.07}]},{"text":"With your permission, I will change the order of the presentations.","start":1836.39,"end":1839.51,"topics":[],"words":[{"text":"With","start":1836.39,"end":1836.63},{"text":"your","start":1836.63,"end":1836.75},{"text":"permission,","start":1836.75,"end":1837.27},{"text":"I","start":1837.27,"end":1837.35},{"text":"will","start":1837.35,"end":1837.59},{"text":"change","start":1837.59,"end":1837.87},{"text":"the","start":1837.87,"end":1837.95},{"text":"order","start":1837.95,"end":1838.51},{"text":"of","start":1838.51,"end":1838.63},{"text":"the","start":1838.63,"end":1838.71},{"text":"presentations.","start":1838.71,"end":1839.51}]},{"text":"I will start with report A/81/336 on follow-up to and implementation of the outcomes of the International Conferences on Financing for Development, because that provides the overall picture on progress on financing, and then I'll go to the international financial system and illicit financial flows last.","start":1839.51,"end":1859.75,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource 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the report on the FFT outcomes, the main message here is that implementation of the CVA commitment is advancing across all action areas, but in an extremely challenging global 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despite some of these areas of progress, we also see areas of great concern and even regression as 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me start with the advances and just to give some examples on domestic resource mobilization, we see concrete progress and positive engagement in the process on the UN Framework Convention.","start":1882.63,"end":1896.31,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"Let","start":1882.63,"end":1882.87},{"text":"me","start":1882.87,"end":1882.99},{"text":"start","start":1882.99,"end":1883.43},{"text":"with","start":1883.43,"end":1883.75},{"text":"the","start":1883.91,"end":1883.99},{"text":"advances","start":1883.99,"end":1884.71},{"text":"and","start":1884.71,"end":1884.87},{"text":"just","start":1884.87,"end":1885.15},{"text":"to","start":1885.15,"end":1885.27},{"text":"give","start":1885.27,"end":1885.51},{"text":"some","start":1885.51,"end":1885.79},{"text":"examples","start":1885.79,"end":1886.47},{"text":"on","start":1886.47,"end":1886.67},{"text":"domestic","start":1886.67,"end":1887.19},{"text":"resource","start":1887.19,"end":1887.59},{"text":"mobilization,","start":1887.59,"end":1888.47},{"text":"we","start":1888.47,"end":1888.63},{"text":"see","start":1888.63,"end":1888.95},{"text":"concrete","start":1889.43,"end":1890.31},{"text":"progress","start":1890.39,"end":1891.03},{"text":"and","start":1891.47,"end":1891.75},{"text":"positive","start":1891.83,"end":1892.35},{"text":"engagement","start":1892.35,"end":1893.27},{"text":"in","start":1893.59,"end":1893.75},{"text":"the","start":1893.75,"end":1893.91},{"text":"process","start":1893.91,"end":1894.55},{"text":"on","start":1894.55,"end":1894.71},{"text":"the","start":1894.71,"end":1894.79},{"text":"UN","start":1894.79,"end":1895.11},{"text":"Framework","start":1895.11,"end":1895.51},{"text":"Convention.","start":1895.51,"end":1896.31}]},{"text":"On development cooperation, one very encouraging example is that with the already agreed reforms by the multilateral development banks, We estimate that an additional $600 billion in lending capacity can be unlocked.","start":1896.95,"end":1913.63,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"On","start":1896.95,"end":1897.11},{"text":"development","start":1897.11,"end":1897.71},{"text":"cooperation,","start":1897.71,"end":1898.47},{"text":"one","start":1898.47,"end":1898.87},{"text":"very","start":1898.91,"end":1899.31},{"text":"encouraging","start":1899.31,"end":1899.91},{"text":"example","start":1899.91,"end":1900.47},{"text":"is","start":1900.47,"end":1900.71},{"text":"that","start":1900.71,"end":1900.87},{"text":"with","start":1900.87,"end":1901.31},{"text":"the","start":1901.31,"end":1901.39},{"text":"already","start":1901.43,"end":1901.91},{"text":"agreed","start":1901.91,"end":1902.31},{"text":"reforms","start":1902.31,"end":1902.79},{"text":"by","start":1902.79,"end":1902.95},{"text":"the","start":1902.95,"end":1903.03},{"text":"multilateral","start":1903.03,"end":1903.75},{"text":"development","start":1903.75,"end":1904.27},{"text":"banks,","start":1904.27,"end":1904.87},{"text":"We","start":1905.55,"end":1905.79},{"text":"estimate","start":1906.11,"end":1906.67},{"text":"that","start":1906.67,"end":1906.87},{"text":"an","start":1906.87,"end":1907.07},{"text":"additional","start":1907.07,"end":1908.31},{"text":"$600","start":1909.75,"end":1909.79},{"text":"billion","start":1909.83,"end":1910.59},{"text":"in","start":1911.31,"end":1911.47},{"text":"lending","start":1911.55,"end":1911.95},{"text":"capacity","start":1911.95,"end":1912.59},{"text":"can","start":1912.59,"end":1912.83},{"text":"be","start":1912.83,"end":1912.99},{"text":"unlocked.","start":1912.99,"end":1913.63}]},{"text":"We already heard about some of the positive aspects, the resilience in trade.","start":1914.59,"end":1919.95,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"We","start":1914.59,"end":1914.83},{"text":"already","start":1914.83,"end":1915.23},{"text":"heard","start":1915.23,"end":1915.55},{"text":"about","start":1915.55,"end":1915.87},{"text":"some","start":1915.87,"end":1916.15},{"text":"of","start":1916.15,"end":1916.35},{"text":"the","start":1916.35,"end":1916.47},{"text":"positive","start":1917.23,"end":1917.79},{"text":"aspects,","start":1917.79,"end":1918.31},{"text":"the","start":1918.31,"end":1918.39},{"text":"resilience","start":1918.39,"end":1919.23},{"text":"in","start":1919.23,"end":1919.39},{"text":"trade.","start":1919.39,"end":1919.95}]},{"text":"Implementation of the debt package of the CDR commitment is advancing in all its four pillars, and I'm sure the colleagues in UNCTAD will also speak to this.","start":1920.35,"end":1928.75,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Implementation","start":1920.35,"end":1921.15},{"text":"of","start":1921.15,"end":1921.31},{"text":"the","start":1921.31,"end":1921.39},{"text":"debt","start":1921.39,"end":1921.71},{"text":"package","start":1921.71,"end":1922.35},{"text":"of","start":1922.35,"end":1922.51},{"text":"the","start":1922.51,"end":1922.59},{"text":"CDR","start":1922.59,"end":1922.91},{"text":"commitment","start":1922.91,"end":1923.63},{"text":"is","start":1923.63,"end":1923.87},{"text":"advancing","start":1923.87,"end":1924.43},{"text":"in","start":1924.43,"end":1924.59},{"text":"all","start":1924.59,"end":1924.83},{"text":"its","start":1924.83,"end":1924.99},{"text":"four","start":1924.99,"end":1925.15},{"text":"pillars,","start":1925.15,"end":1925.87},{"text":"and","start":1925.87,"end":1926.03},{"text":"I'm","start":1926.03,"end":1926.23},{"text":"sure","start":1926.23,"end":1926.43},{"text":"the","start":1926.43,"end":1926.51},{"text":"colleagues","start":1926.51,"end":1927.07},{"text":"in","start":1927.07,"end":1927.23},{"text":"UNCTAD","start":1927.23,"end":1927.55},{"text":"will","start":1927.55,"end":1927.71},{"text":"also","start":1927.71,"end":1927.95},{"text":"speak","start":1927.95,"end":1928.27},{"text":"to","start":1928.27,"end":1928.43},{"text":"this.","start":1928.43,"end":1928.75}]},{"text":"I thought I'd highlight one aspect in particular, the IMF and the World Bank have just concluded the review of the debt sustainability framework for low-income countries.","start":1929.15,"end":1938.67,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"I","start":1929.15,"end":1929.31},{"text":"thought","start":1929.31,"end":1929.43},{"text":"I'd","start":1929.43,"end":1929.67},{"text":"highlight","start":1929.67,"end":1930.11},{"text":"one","start":1930.11,"end":1930.35},{"text":"aspect","start":1930.35,"end":1930.99},{"text":"in","start":1930.99,"end":1931.15},{"text":"particular,","start":1931.15,"end":1931.79},{"text":"the","start":1931.79,"end":1931.87},{"text":"IMF","start":1931.87,"end":1932.51},{"text":"and","start":1932.51,"end":1932.63},{"text":"the","start":1932.63,"end":1932.71},{"text":"World","start":1932.71,"end":1932.99},{"text":"Bank","start":1932.99,"end":1933.23},{"text":"have","start":1933.23,"end":1933.39},{"text":"just","start":1933.39,"end":1933.71},{"text":"concluded","start":1933.71,"end":1934.35},{"text":"the","start":1934.99,"end":1935.03},{"text":"review","start":1935.03,"end":1935.47},{"text":"of","start":1935.47,"end":1935.71},{"text":"the","start":1935.71,"end":1935.83},{"text":"debt","start":1935.83,"end":1936.11},{"text":"sustainability","start":1936.11,"end":1936.91},{"text":"framework","start":1936.91,"end":1937.47},{"text":"for","start":1937.47,"end":1937.59},{"text":"low-income","start":1937.59,"end":1938.03},{"text":"countries.","start":1938.03,"end":1938.67}]},{"text":"And in this review and in the changes, some of the changes made respond quite directly to recommendations in the CVIA commitment, for example, to better incorporate both climate risks, but also investments in climate resilience in those assessments.","start":1939.07,"end":1955.63,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt 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those, I would say, are notable areas of progress.","start":1955.63,"end":1958.43,"topics":[],"words":[{"text":"So","start":1955.63,"end":1955.79},{"text":"those,","start":1955.79,"end":1956.19},{"text":"I","start":1956.19,"end":1956.35},{"text":"would","start":1956.35,"end":1956.55},{"text":"say,","start":1956.55,"end":1956.67},{"text":"are","start":1956.75,"end":1956.83},{"text":"notable","start":1956.83,"end":1957.39},{"text":"areas","start":1957.39,"end":1957.71},{"text":"of","start":1957.71,"end":1957.83},{"text":"progress.","start":1957.83,"end":1958.43}]},{"text":"In many cases, this progress is also supported and driven by initiatives of the Seville Platform for Action.","start":1958.83,"end":1967.87,"topics":[],"words":[{"text":"In","start":1958.83,"end":1958.99},{"text":"many","start":1958.99,"end":1959.23},{"text":"cases,","start":1959.23,"end":1959.71},{"text":"this","start":1959.71,"end":1959.87},{"text":"progress","start":1959.87,"end":1960.51},{"text":"is","start":1960.51,"end":1960.67},{"text":"also","start":1960.67,"end":1961.31},{"text":"supported","start":1961.79,"end":1962.83},{"text":"and","start":1962.83,"end":1963.23},{"text":"driven","start":1964.35,"end":1964.87},{"text":"by","start":1964.87,"end":1965.15},{"text":"initiatives","start":1965.15,"end":1965.95},{"text":"of","start":1965.95,"end":1966.11},{"text":"the","start":1966.11,"end":1966.23},{"text":"Seville","start":1966.27,"end":1966.75},{"text":"Platform","start":1966.75,"end":1967.23},{"text":"for","start":1967.23,"end":1967.39},{"text":"Action.","start":1967.39,"end":1967.87}]},{"text":"At the same time, it's very important to recognize that this is happening in a very, very challenging global context, and the overall picture on development financing is very concerning.","start":1968.35,"end":1979.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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see, unfortunately, stagnating domestic resource mobilization rates for the last few years in developing countries.","start":1980.03,"end":1986.75,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":1980.03,"end":1980.19},{"text":"see,","start":1980.19,"end":1980.67},{"text":"unfortunately,","start":1980.67,"end":1981.55},{"text":"stagnating","start":1981.55,"end":1982.23},{"text":"domestic","start":1982.23,"end":1982.75},{"text":"resource","start":1982.75,"end":1983.15},{"text":"mobilization","start":1983.15,"end":1983.95},{"text":"rates","start":1983.95,"end":1984.43},{"text":"for","start":1984.43,"end":1984.63},{"text":"the","start":1984.63,"end":1984.71},{"text":"last","start":1984.71,"end":1985.07},{"text":"few","start":1985.07,"end":1985.23},{"text":"years","start":1985.23,"end":1985.47},{"text":"in","start":1985.47,"end":1985.63},{"text":"developing","start":1985.63,"end":1986.11},{"text":"countries.","start":1986.11,"end":1986.75}]},{"text":"As the President has already mentioned, FDI while growing globally, is becoming increasingly concentrated and bypassing vulnerable countries in particular.","start":1988.43,"end":1999.55,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"As","start":1988.43,"end":1988.67},{"text":"the","start":1988.75,"end":1988.83},{"text":"President","start":1988.83,"end":1989.39},{"text":"has","start":1989.39,"end":1989.51},{"text":"already","start":1989.51,"end":1989.79},{"text":"mentioned,","start":1989.79,"end":1990.27},{"text":"FDI","start":1990.27,"end":1990.91},{"text":"while","start":1991.51,"end":1991.95},{"text":"growing","start":1992.03,"end":1992.55},{"text":"globally,","start":1992.55,"end":1993.31},{"text":"is","start":1993.39,"end":1993.63},{"text":"becoming","start":1993.63,"end":1994.03},{"text":"increasingly","start":1994.03,"end":1994.67},{"text":"concentrated","start":1994.67,"end":1995.55},{"text":"and","start":1995.55,"end":1995.71},{"text":"bypassing","start":1995.71,"end":1996.59},{"text":"vulnerable","start":1997.79,"end":1998.27},{"text":"countries","start":1998.27,"end":1998.67},{"text":"in","start":1998.67,"end":1998.79},{"text":"particular.","start":1998.79,"end":1999.55}]},{"text":"Official development assistance has fallen, and we've seen the steepest cuts in history in the last year, with further cuts projected.","start":2000.11,"end":2008.43,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Official","start":2000.11,"end":2000.59},{"text":"development","start":2000.59,"end":2001.19},{"text":"assistance","start":2001.19,"end":2002.11},{"text":"has","start":2002.11,"end":2002.51},{"text":"fallen,","start":2002.51,"end":2002.91},{"text":"and","start":2003.07,"end":2003.39},{"text":"we've","start":2003.39,"end":2003.59},{"text":"seen","start":2003.59,"end":2003.79},{"text":"the","start":2003.79,"end":2003.95},{"text":"steepest","start":2003.95,"end":2004.47},{"text":"cuts","start":2004.47,"end":2005.07},{"text":"in","start":2005.07,"end":2005.23},{"text":"history","start":2005.23,"end":2005.87},{"text":"in","start":2005.87,"end":2006.03},{"text":"the","start":2006.03,"end":2006.15},{"text":"last","start":2006.15,"end":2006.59},{"text":"year,","start":2006.59,"end":2006.83},{"text":"with","start":2006.83,"end":2007.03},{"text":"further","start":2007.03,"end":2007.35},{"text":"cuts","start":2007.35,"end":2007.63},{"text":"projected.","start":2007.63,"end":2008.43}]},{"text":"And some key aspects of financial architecture and governance reform laid out in the CVA commitment are also stagnating or not moving ahead in this challenging global context.","start":2009.07,"end":2020.83,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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the same time, this global context of increasing fragility shocks already was the backdrop to negotiations for Cevier.","start":2021.59,"end":2030.55,"topics":[],"words":[{"text":"At","start":2021.59,"end":2021.79},{"text":"the","start":2021.79,"end":2021.87},{"text":"same","start":2021.87,"end":2022.15},{"text":"time,","start":2022.15,"end":2022.63},{"text":"this","start":2022.63,"end":2022.87},{"text":"global","start":2023.47,"end":2023.79},{"text":"context","start":2023.79,"end":2024.39},{"text":"of","start":2024.39,"end":2024.47},{"text":"increasing","start":2024.47,"end":2025.11},{"text":"fragility","start":2025.11,"end":2025.83},{"text":"shocks","start":2025.83,"end":2026.47},{"text":"already","start":2026.47,"end":2027.51},{"text":"was","start":2027.83,"end":2028.15},{"text":"the","start":2028.15,"end":2028.31},{"text":"backdrop","start":2028.31,"end":2029.03},{"text":"to","start":2029.03,"end":2029.15},{"text":"negotiations","start":2029.15,"end":2029.91},{"text":"for","start":2029.91,"end":2030.07},{"text":"Cevier.","start":2030.07,"end":2030.55}]},{"text":"So the Cevier commitment does contain many commitments that would enhance resilience of countries, that would strengthen the international architecture to better prevent and respond to such stocks.","start":2030.55,"end":2042.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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our assessment is that full and timely implementation of the CVA commitment would help countries better deal with these new realities and remains a critical 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will just mention one or two areas for further guidance by the committee in this area that might be 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is that, as many of you will know, we have established a network of national focal points following the encouragement in the CVA commitment for countries to nominate such focal 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of you have nominated them, and there's an active work program and very productive exchanges among those focal points 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Committee could consider encouraging the appointment of national focal points in all countries to further strengthen these 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Committee may also wish to consider how to prepare and provide guidance for the organization of the high-level dialogue on financing for development, which is scheduled to take place in September 2027 back-to-back with the SDG 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me go to the second report, that's A/81/322, the International Financial System and Development.","start":2105.71,"end":2113.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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in my brief summary, I will focus on those aspects in particular.","start":2127.31,"end":2131.79,"topics":[],"words":[{"text":"So","start":2127.31,"end":2127.63},{"text":"in","start":2127.63,"end":2127.75},{"text":"my","start":2127.75,"end":2127.87},{"text":"brief","start":2127.87,"end":2128.27},{"text":"summary,","start":2128.75,"end":2129.39},{"text":"I","start":2129.39,"end":2129.47},{"text":"will","start":2129.47,"end":2129.63},{"text":"focus","start":2129.63,"end":2130.11},{"text":"on","start":2130.11,"end":2130.27},{"text":"those","start":2130.27,"end":2130.59},{"text":"aspects","start":2130.59,"end":2131.03},{"text":"in","start":2131.03,"end":2131.15},{"text":"particular.","start":2131.15,"end":2131.79}]},{"text":"As you know, the last year has seen a renewed shock to the global economy emanating from the conflict in the Middle East and the closure of the Strait of Hormuz.","start":2132.35,"end":2143.95,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade 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report highlights three issues that are of relevance for the international financial system.","start":2156.51,"end":2162.11,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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the first point, many countries entered the COVID shock in 2020 with healthy fiscal and external 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with additional shocks, there's a risk that these pressures both on countries and on the global financial safety net, could be exacerbated.","start":2248.19,"end":2257.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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point to make, all this underlines the importance of investing more in precautionary measures and crisis prevention.","start":2258.23,"end":2267.59,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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enhancing resilience has expanded in recent years.","start":2268.15,"end":2279.19,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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also highlight that the multilateral development banks and public development banks are a very complementary part of the international financial system to the financial safety net, because from recent experiences, we have seen again that they are able to lend countercyclically, that they are able to increase lending in moments of crisis.","start":2279.75,"end":2300.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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it only underlines the importance of strengthening this aspect of the development finance landscape to also increase the level of liquidity that can be provided during moments of crisis.","start":2301.19,"end":2312.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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we note that in a context of more difficult global relations and fragmentation, it has also become more challenging to advance some of the IFA and governance reforms suggested in the Seville Commitment.","start":2313.03,"end":2330.99,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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we have seen only very limited progress in this area.","start":2330.99,"end":2334.71,"topics":[],"words":[{"text":"So","start":2330.99,"end":2331.19},{"text":"we","start":2331.19,"end":2331.43},{"text":"have","start":2331.43,"end":2331.59},{"text":"seen","start":2331.59,"end":2332.07},{"text":"only","start":2332.15,"end":2332.47},{"text":"very","start":2332.47,"end":2332.75},{"text":"limited","start":2332.75,"end":2333.27},{"text":"progress","start":2333.27,"end":2333.83},{"text":"in","start":2333.83,"end":2333.95},{"text":"this","start":2333.95,"end":2334.15},{"text":"area.","start":2334.23,"end":2334.71}]},{"text":"both on the side of further expanding and updating the toolkit in the safety net and in lending, but also on the critical question of governance reforms in the international financial institutions, which have not advanced since Seville.","start":2336.07,"end":2352.99,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture 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further policy guidance, the committee could consider reforms to the international financial architecture and the safety net to address the increased frequency and severity of shocks.","start":2355.03,"end":2367.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Committee may also wish to follow up on the encouragement in the SIVIA commitment to consider channeling special drawing rights through the MDB system to expand MDB lending capacities.","start":2369.03,"end":2380.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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maybe I'll leave it at those two.","start":2381.11,"end":2382.79,"topics":[],"words":[{"text":"Yeah,","start":2381.11,"end":2381.27},{"text":"maybe","start":2381.27,"end":2381.51},{"text":"I'll","start":2381.51,"end":2381.71},{"text":"leave","start":2381.71,"end":2381.91},{"text":"it","start":2381.91,"end":2382.03},{"text":"at","start":2382.03,"end":2382.19},{"text":"those","start":2382.19,"end":2382.47},{"text":"two.","start":2382.47,"end":2382.79}]},{"text":"And then the third report, A/81/269, on international coordination and cooperation to combat illicit financial flows.","start":2384.51,"end":2393.27,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. 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presentation.","start":2602.91,"end":2605.19,"topics":[],"words":[{"text":"I","start":2602.91,"end":2602.99},{"text":"thank","start":2602.99,"end":2603.23},{"text":"you,","start":2603.23,"end":2603.31},{"text":"Mr.","start":2603.31,"end":2603.63},{"text":"Xiong,","start":2603.63,"end":2603.87},{"text":"for","start":2603.87,"end":2604.11},{"text":"the","start":2604.11,"end":2604.19},{"text":"presentation.","start":2604.19,"end":2605.19}]},{"text":"Now, I would like to invite Ms. Penelope Hawkins, Acting Head of the Debt and Development Finance Branch in the Division on Globalization and Development Strategies of UNCTAD, who is joining us 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will introduce under agenda item 15C the report on external debt sustainability and development as transmitted in a note by the Secretary General and contained in document A/81/258.","start":2618.27,"end":2634.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt 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Hawkins, you have the floor.","start":2634.79,"end":2637.07,"topics":[],"words":[{"text":"Ms.","start":2634.79,"end":2635.15},{"text":"Hawkins,","start":2635.15,"end":2635.79},{"text":"you","start":2636.19,"end":2636.31},{"text":"have","start":2636.31,"end":2636.43},{"text":"the","start":2636.43,"end":2636.59},{"text":"floor.","start":2636.59,"end":2637.07}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":12,"start":2639.79,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=44:00","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":2639.79,"end":2640.59,"topics":[],"words":[{"text":"Thank","start":2639.79,"end":2640.03},{"text":"you,","start":2640.03,"end":2640.19},{"text":"Chair.","start":2640.19,"end":2640.59}]},{"text":"Excellencies, the year 2025 and the first quarter of 2026 provided no evidence of improvement in the predictable or sufficiency of external finance to developing countries.","start":2641.79,"end":2656.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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indeed, the cost of finance remains a real concern for these countries in particular.","start":2657.59,"end":2663.99,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"While","start":2674.79,"end":2675.15},{"text":"the","start":2675.15,"end":2675.27},{"text":"total","start":2675.27,"end":2675.63},{"text":"external","start":2675.63,"end":2676.11},{"text":"debt","start":2676.11,"end":2676.43},{"text":"stock","start":2676.43,"end":2676.75},{"text":"of","start":2676.75,"end":2676.83},{"text":"developing","start":2676.83,"end":2677.39},{"text":"countries","start":2677.39,"end":2677.95},{"text":"reached","start":2678.19,"end":2678.63},{"text":"an","start":2678.63,"end":2678.83},{"text":"estimated","start":2678.83,"end":2679.71},{"text":"12.3","start":2679.71,"end":2681.63},{"text":"trillion","start":2681.63,"end":2682.51},{"text":"US","start":2682.91,"end":2683.15},{"text":"dollars","start":2683.15,"end":2683.63},{"text":"in","start":2683.63,"end":2683.79},{"text":"2025,","start":2683.79,"end":2685.07},{"text":"this","start":2685.47,"end":2685.71},{"text":"has","start":2685.71,"end":2685.87},{"text":"been","start":2685.87,"end":2686.03},{"text":"growing","start":2686.03,"end":2686.51},{"text":"at","start":2686.51,"end":2686.67},{"text":"a","start":2686.75,"end":2686.79},{"text":"slower","start":2686.79,"end":2687.35},{"text":"rate","start":2687.35,"end":2687.71},{"text":"of","start":2688.15,"end":2688.27},{"text":"just","start":2688.27,"end":2689.47},{"text":"2%","start":2689.63,"end":2689.67},{"text":"over","start":2689.71,"end":2689.91},{"text":"the","start":2689.91,"end":2690.07},{"text":"last","start":2690.07,"end":2690.43},{"text":"five","start":2690.43,"end":2690.75},{"text":"years.","start":2690.75,"end":2691.31}]},{"text":"So this is not a story of gorging on debt.","start":2691.95,"end":2695.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Instead,","start":2695.71,"end":2696.35},{"text":"as","start":2696.35,"end":2696.59},{"text":"the","start":2696.59,"end":2696.67},{"text":"report","start":2696.67,"end":2697.23},{"text":"shows,","start":2697.23,"end":2697.71},{"text":"debt","start":2698.11,"end":2698.43},{"text":"service","start":2698.43,"end":2698.91},{"text":"costs","start":2698.91,"end":2699.55},{"text":"continue","start":2699.79,"end":2700.59},{"text":"to","start":2700.59,"end":2700.83},{"text":"outgrow","start":2700.83,"end":2701.31},{"text":"debt,","start":2701.31,"end":2701.87},{"text":"sorry,","start":2702.03,"end":2702.35},{"text":"debt","start":2702.35,"end":2702.67},{"text":"service","start":2702.67,"end":2703.07},{"text":"costs","start":2703.07,"end":2703.71},{"text":"continue","start":2704.07,"end":2704.55},{"text":"to","start":2704.55,"end":2704.79},{"text":"outgrow","start":2704.79,"end":2705.27},{"text":"debt","start":2705.27,"end":2705.75},{"text":"stocks.","start":2705.75,"end":2706.55}]},{"text":"The burden is uneven.","start":2707.43,"end":2709.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"The","start":2707.43,"end":2707.59},{"text":"burden","start":2707.59,"end":2708.23},{"text":"is","start":2708.31,"end":2708.63},{"text":"uneven.","start":2708.63,"end":2709.35}]},{"text":"External debt service of least developed countries now amounts to 18% of both export earnings and an equivalent amount of government revenue.","start":2709.99,"end":2721.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"External","start":2709.99,"end":2710.63},{"text":"debt","start":2710.63,"end":2710.95},{"text":"service","start":2710.95,"end":2711.51},{"text":"of","start":2711.51,"end":2711.63},{"text":"least","start":2711.63,"end":2711.95},{"text":"developed","start":2711.95,"end":2712.39},{"text":"countries","start":2712.39,"end":2713.11},{"text":"now","start":2713.35,"end":2713.59},{"text":"amounts","start":2713.59,"end":2715.51},{"text":"to","start":2715.51,"end":2715.91},{"text":"18%","start":2716.07,"end":2716.11},{"text":"of","start":2716.15,"end":2716.35},{"text":"both","start":2716.35,"end":2716.67},{"text":"export","start":2716.79,"end":2717.35},{"text":"earnings","start":2717.35,"end":2717.99},{"text":"and","start":2718.31,"end":2718.51},{"text":"an","start":2718.51,"end":2718.59},{"text":"equivalent","start":2718.59,"end":2719.23},{"text":"amount","start":2719.23,"end":2719.75},{"text":"of","start":2720.07,"end":2720.23},{"text":"government","start":2720.23,"end":2720.71},{"text":"revenue.","start":2720.71,"end":2721.27}]},{"text":"Sub-Saharan Africa spends almost 16% of government revenue on external debt service.","start":2722.07,"end":2729.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Sub-Saharan","start":2722.07,"end":2723.03},{"text":"Africa","start":2723.03,"end":2723.67},{"text":"spends","start":2723.91,"end":2724.39},{"text":"almost","start":2724.39,"end":2726.07},{"text":"16%","start":2726.39,"end":2726.43},{"text":"of","start":2726.43,"end":2726.55},{"text":"government","start":2726.55,"end":2727.03},{"text":"revenue","start":2727.03,"end":2727.67},{"text":"on","start":2727.91,"end":2728.07},{"text":"external","start":2728.07,"end":2728.63},{"text":"debt","start":2728.63,"end":2728.87},{"text":"service.","start":2728.87,"end":2729.51}]},{"text":"more than double the average for developing countries, excluding China.","start":2729.95,"end":2734.43,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"more","start":2729.95,"end":2730.11},{"text":"than","start":2730.11,"end":2730.35},{"text":"double","start":2730.35,"end":2730.83},{"text":"the","start":2730.83,"end":2730.95},{"text":"average","start":2730.95,"end":2731.63},{"text":"for","start":2731.87,"end":2732.03},{"text":"developing","start":2732.03,"end":2732.59},{"text":"countries,","start":2732.59,"end":2733.23},{"text":"excluding","start":2733.23,"end":2733.87},{"text":"China.","start":2733.87,"end":2734.43}]},{"text":"There are signs that worse is yet to come.","start":2735.47,"end":2738.99,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"There","start":2735.47,"end":2735.67},{"text":"are","start":2735.67,"end":2735.91},{"text":"signs","start":2735.91,"end":2736.75},{"text":"that","start":2736.75,"end":2736.99},{"text":"worse","start":2736.99,"end":2737.55},{"text":"is","start":2737.95,"end":2738.19},{"text":"yet","start":2738.19,"end":2738.47},{"text":"to","start":2738.47,"end":2738.55},{"text":"come.","start":2738.55,"end":2738.99}]},{"text":"The conflict in the Middle East, higher for longer interest rates, and the third annual fall in official development assistance are just some of the signs that the cost of new external debt finance is generally higher than the cost of the debt it is replacing.","start":2739.63,"end":2759.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"The","start":2739.63,"end":2739.79},{"text":"conflict","start":2739.79,"end":2740.43},{"text":"in","start":2740.43,"end":2740.51},{"text":"the","start":2740.51,"end":2740.59},{"text":"Middle","start":2740.59,"end":2740.83},{"text":"East,","start":2740.83,"end":2741.39},{"text":"higher","start":2741.79,"end":2742.19},{"text":"for","start":2742.19,"end":2742.43},{"text":"longer","start":2742.43,"end":2742.79},{"text":"interest","start":2742.79,"end":2743.23},{"text":"rates,","start":2743.23,"end":2743.71},{"text":"and","start":2744.51,"end":2744.99},{"text":"the","start":2745.63,"end":2745.79},{"text":"third","start":2745.79,"end":2746.43},{"text":"annual","start":2746.43,"end":2746.91},{"text":"fall","start":2746.91,"end":2747.47},{"text":"in","start":2747.71,"end":2747.87},{"text":"official","start":2747.87,"end":2748.35},{"text":"development","start":2748.35,"end":2748.91},{"text":"assistance","start":2748.91,"end":2749.55},{"text":"are","start":2749.95,"end":2750.11},{"text":"just","start":2750.11,"end":2750.43},{"text":"some","start":2750.43,"end":2750.75},{"text":"of","start":2750.75,"end":2750.83},{"text":"the","start":2750.83,"end":2750.95},{"text":"signs","start":2750.95,"end":2751.63},{"text":"that","start":2751.79,"end":2751.99},{"text":"the","start":2751.99,"end":2752.07},{"text":"cost","start":2752.11,"end":2752.59},{"text":"of","start":2752.59,"end":2752.75},{"text":"new","start":2752.75,"end":2752.99},{"text":"external","start":2752.99,"end":2753.55},{"text":"debt","start":2753.55,"end":2753.79},{"text":"finance","start":2753.79,"end":2754.43},{"text":"is","start":2754.75,"end":2754.99},{"text":"generally","start":2754.99,"end":2755.63},{"text":"higher","start":2755.63,"end":2756.19},{"text":"than","start":2756.43,"end":2756.67},{"text":"the","start":2756.67,"end":2756.75},{"text":"cost","start":2756.75,"end":2757.31},{"text":"of","start":2757.31,"end":2757.47},{"text":"the","start":2757.47,"end":2757.63},{"text":"debt","start":2757.63,"end":2758.03},{"text":"it","start":2758.11,"end":2758.27},{"text":"is","start":2758.27,"end":2758.51},{"text":"replacing.","start":2758.51,"end":2759.23}]},{"text":"So upward pressure on average interest rates and total interest rate costs are expected.","start":2759.83,"end":2766.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"So","start":2759.83,"end":2760.23},{"text":"upward","start":2760.23,"end":2760.63},{"text":"pressure","start":2760.63,"end":2761.27},{"text":"on","start":2761.51,"end":2761.75},{"text":"average","start":2761.75,"end":2762.23},{"text":"interest","start":2762.23,"end":2762.71},{"text":"rates","start":2762.71,"end":2763.19},{"text":"and","start":2763.43,"end":2763.63},{"text":"total","start":2763.63,"end":2763.99},{"text":"interest","start":2763.99,"end":2764.39},{"text":"rate","start":2764.39,"end":2764.59},{"text":"costs","start":2764.59,"end":2765.27},{"text":"are","start":2765.67,"end":2765.83},{"text":"expected.","start":2765.83,"end":2766.55}]},{"text":"In response to rising external borrowing costs, developing countries have been turning to domestic sources of finance.","start":2767.51,"end":2776.39,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"In","start":2767.51,"end":2767.67},{"text":"response","start":2767.67,"end":2768.23},{"text":"to","start":2768.23,"end":2768.43},{"text":"rising","start":2768.43,"end":2769.11},{"text":"external","start":2769.35,"end":2769.99},{"text":"borrowing","start":2769.99,"end":2770.47},{"text":"costs,","start":2770.47,"end":2770.95},{"text":"developing","start":2771.51,"end":2772.11},{"text":"countries","start":2772.11,"end":2772.79},{"text":"have","start":2772.95,"end":2773.19},{"text":"been","start":2773.19,"end":2773.35},{"text":"turning","start":2773.35,"end":2773.91},{"text":"to","start":2773.91,"end":2774.11},{"text":"domestic","start":2774.11,"end":2774.95},{"text":"sources","start":2775.19,"end":2775.67},{"text":"of","start":2775.67,"end":2775.75},{"text":"finance.","start":2775.75,"end":2776.39}]},{"text":"Since the pandemic, domestic public debt has grown more than three times faster than external public debt.","start":2777.11,"end":2786.15,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Since","start":2777.11,"end":2777.51},{"text":"the","start":2777.51,"end":2777.59},{"text":"pandemic,","start":2777.59,"end":2778.39},{"text":"domestic","start":2778.79,"end":2779.43},{"text":"public","start":2779.43,"end":2779.91},{"text":"debt","start":2779.91,"end":2780.39},{"text":"has","start":2780.79,"end":2781.03},{"text":"grown","start":2781.03,"end":2781.43},{"text":"more","start":2781.43,"end":2781.71},{"text":"than","start":2781.75,"end":2781.99},{"text":"three","start":2782.07,"end":2782.39},{"text":"times","start":2782.39,"end":2782.95},{"text":"faster","start":2782.95,"end":2783.67},{"text":"than","start":2784.07,"end":2784.47},{"text":"external","start":2784.55,"end":2785.43},{"text":"public","start":2785.51,"end":2785.91},{"text":"debt.","start":2785.91,"end":2786.15}]},{"text":"And in 2024, domestic debt instruments accounted for over 80% of general government debt.","start":2786.87,"end":2794.71,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"And","start":2786.87,"end":2787.03},{"text":"in","start":2787.03,"end":2787.19},{"text":"2024,","start":2787.19,"end":2788.39},{"text":"domestic","start":2788.63,"end":2789.27},{"text":"debt","start":2789.27,"end":2789.51},{"text":"instruments","start":2789.51,"end":2790.23},{"text":"accounted","start":2790.47,"end":2791.11},{"text":"for","start":2791.11,"end":2791.35},{"text":"over","start":2791.35,"end":2792.55},{"text":"80%","start":2793.19,"end":2793.23},{"text":"of","start":2793.23,"end":2793.35},{"text":"general","start":2793.35,"end":2793.87},{"text":"government","start":2793.87,"end":2794.35},{"text":"debt.","start":2794.35,"end":2794.71}]},{"text":"Shifting to the domestic sources of debt can reduce external vulnerability and even increase policy autonomy.","start":2795.67,"end":2804.07,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Peltola, you have the floor.","start":2939.79,"end":2941.71,"topics":[],"words":[{"text":"Mr.","start":2939.79,"end":2940.11},{"text":"Peltola,","start":2940.11,"end":2940.67},{"text":"you","start":2940.67,"end":2940.75},{"text":"have","start":2940.75,"end":2941.15},{"text":"the","start":2941.15,"end":2941.27},{"text":"floor.","start":2941.27,"end":2941.71}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":14,"start":2944.71,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=49:05","paragraphs":[{"sentences":[{"text":"Thank you, Chair, Excellencies, distinguished delegates.","start":2944.71,"end":2949.39,"topics":[],"words":[{"text":"Thank","start":2944.71,"end":2944.99},{"text":"you,","start":2944.99,"end":2945.23},{"text":"Chair,","start":2945.39,"end":2945.79},{"text":"Excellencies,","start":2946.03,"end":2947.07},{"text":"distinguished","start":2947.51,"end":2948.43},{"text":"delegates.","start":2948.59,"end":2949.39}]},{"text":"It's my honor to present the key messages of the joint note by UN Trade and Development and UN Office on Drugs and Crime on illicit financial flows in response to your request and to our mandates as custodians of Sustainable Development Goals indicator 16.4.1.","start":2949.71,"end":2966.87,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"It's","start":2949.71,"end":2949.91},{"text":"my","start":2949.91,"end":2950.07},{"text":"honor","start":2950.07,"end":2950.31},{"text":"to","start":2950.31,"end":2950.47},{"text":"present","start":2950.47,"end":2950.99},{"text":"the","start":2951.11,"end":2951.23},{"text":"key","start":2951.23,"end":2951.43},{"text":"messages","start":2951.43,"end":2952.03},{"text":"of","start":2952.03,"end":2952.15},{"text":"the","start":2952.15,"end":2952.27},{"text":"joint","start":2952.27,"end":2952.71},{"text":"note","start":2952.71,"end":2953.27},{"text":"by","start":2953.67,"end":2954.15},{"text":"UN","start":2954.23,"end":2954.55},{"text":"Trade","start":2954.55,"end":2954.75},{"text":"and","start":2954.75,"end":2954.91},{"text":"Development","start":2954.91,"end":2955.51},{"text":"and","start":2955.51,"end":2955.79},{"text":"UN","start":2955.79,"end":2956.07},{"text":"Office","start":2956.07,"end":2956.63},{"text":"on","start":2956.87,"end":2957.03},{"text":"Drugs","start":2957.03,"end":2957.35},{"text":"and","start":2957.35,"end":2957.51},{"text":"Crime","start":2957.51,"end":2957.99},{"text":"on","start":2957.99,"end":2958.15},{"text":"illicit","start":2958.15,"end":2958.55},{"text":"financial","start":2958.55,"end":2959.11},{"text":"flows","start":2959.11,"end":2959.59},{"text":"in","start":2959.99,"end":2960.15},{"text":"response","start":2960.15,"end":2960.63},{"text":"to","start":2960.63,"end":2960.71},{"text":"your","start":2960.71,"end":2960.99},{"text":"request","start":2960.99,"end":2961.51},{"text":"and","start":2961.59,"end":2961.87},{"text":"to","start":2961.87,"end":2961.99},{"text":"our","start":2961.99,"end":2962.07},{"text":"mandates","start":2962.07,"end":2962.63},{"text":"as","start":2962.63,"end":2962.79},{"text":"custodians","start":2962.79,"end":2963.59},{"text":"of","start":2964.03,"end":2964.15},{"text":"Sustainable","start":2964.15,"end":2964.67},{"text":"Development","start":2964.67,"end":2965.15},{"text":"Goals","start":2965.15,"end":2965.35},{"text":"indicator","start":2965.35,"end":2965.91},{"text":"16.4.1.","start":2965.91,"end":2966.87}]},{"text":"Allow me to highlight three messages.","start":2967.27,"end":2969.43,"topics":[],"words":[{"text":"Allow","start":2967.27,"end":2967.47},{"text":"me","start":2967.47,"end":2967.71},{"text":"to","start":2967.75,"end":2967.91},{"text":"highlight","start":2967.91,"end":2968.39},{"text":"three","start":2968.39,"end":2968.63},{"text":"messages.","start":2968.63,"end":2969.43}]},{"text":"First, tackling illicit financial flows is essential to financing development.","start":2969.83,"end":2975.43,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"First,","start":2969.83,"end":2970.31},{"text":"tackling","start":2970.79,"end":2971.19},{"text":"illicit","start":2971.19,"end":2971.59},{"text":"financial","start":2971.59,"end":2972.15},{"text":"flows","start":2972.15,"end":2972.63},{"text":"is","start":2973.03,"end":2973.19},{"text":"essential","start":2973.19,"end":2973.83},{"text":"to","start":2974.07,"end":2974.23},{"text":"financing","start":2974.23,"end":2974.79},{"text":"development.","start":2974.79,"end":2975.43}]},{"text":"At a time of widening financing gaps and uneven progress towards the SDGs, preventing losses from illicit financial flows is more urgent than ever before.","start":2976.15,"end":2987.91,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. 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They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"These","start":2988.63,"end":2988.87},{"text":"flows","start":2988.87,"end":2989.19},{"text":"drain","start":2989.19,"end":2989.51},{"text":"resources","start":2989.51,"end":2990.15},{"text":"needed","start":2990.15,"end":2990.47},{"text":"for","start":2990.47,"end":2990.71},{"text":"development,","start":2990.71,"end":2991.35},{"text":"fuel","start":2991.83,"end":2992.31},{"text":"corruption","start":2992.39,"end":2993.11},{"text":"and","start":2993.19,"end":2993.35},{"text":"organized","start":2993.35,"end":2993.91},{"text":"crime,","start":2993.91,"end":2994.39},{"text":"and","start":2994.79,"end":2994.99},{"text":"weaken","start":2994.99,"end":2995.35},{"text":"governance","start":2995.35,"end":2995.95},{"text":"and","start":2995.95,"end":2996.11},{"text":"public","start":2996.11,"end":2996.47},{"text":"trust.","start":2996.47,"end":2996.95}]},{"text":"Data are essential to point to channels and areas prone to illicit finance.","start":2997.75,"end":3002.31,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. 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to General Assembly Resolution 80/127, The Committee decided at its first meeting held on 1st of October to invite the Secretariat representative to introduce under agenda item 15E the pertinent section of the World Investment 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I invite now Ms. Nan Li Collins, Director of the Division of Investment and Enterprise of UNCTAD, who is joining us virtually to introduce under agenda item 15E the relevant section of the World Investment Report, which was transmitted through the note by the Secretary-General, contained in document A/81/229, and which also is available on the Second Committee place on 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Collins, you have the floor.","start":3325.39,"end":3327.19,"topics":[],"words":[{"text":"Ms.","start":3325.39,"end":3325.75},{"text":"Collins,","start":3325.75,"end":3326.31},{"text":"you","start":3326.31,"end":3326.47},{"text":"have","start":3326.47,"end":3326.63},{"text":"the","start":3326.63,"end":3326.75},{"text":"floor.","start":3326.75,"end":3327.19}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":16,"start":3329.87,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=55:30","paragraphs":[{"sentences":[{"text":"Chair, Excellencies, Distinguished Delegates, thank you for the opportunity to present the World Investment 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policy recommendations.","start":3555.23,"end":3561.79,"topics":[],"words":[{"text":"I","start":3555.23,"end":3555.39},{"text":"invite","start":3555.39,"end":3555.79},{"text":"you","start":3555.79,"end":3555.87},{"text":"all","start":3555.87,"end":3556.03},{"text":"to","start":3556.03,"end":3556.11},{"text":"read","start":3556.11,"end":3556.35},{"text":"the","start":3556.35,"end":3556.47},{"text":"report","start":3556.47,"end":3556.91},{"text":"for","start":3556.91,"end":3557.15},{"text":"a","start":3557.15,"end":3557.23},{"text":"more","start":3557.39,"end":3557.55},{"text":"comprehensive","start":3557.55,"end":3558.39},{"text":"analysis","start":3558.39,"end":3558.99},{"text":"of","start":3558.99,"end":3559.15},{"text":"these","start":3559.15,"end":3559.31},{"text":"trends","start":3559.31,"end":3559.79},{"text":"and","start":3560.03,"end":3560.19},{"text":"our","start":3560.19,"end":3560.27},{"text":"policy","start":3560.27,"end":3560.83},{"text":"recommendations.","start":3560.83,"end":3561.79}]}]},{"sentences":[{"text":"Thank 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Resolution 78/133, the dedicated section of the Creative Economy Outlook on promoting creative economy for sustainable development, which has also been available to delegations through eDelegate.","start":3568.11,"end":3596.03,"topics":[],"words":[{"text":"I","start":3568.11,"end":3568.27},{"text":"now","start":3568.27,"end":3568.59},{"text":"invite","start":3568.59,"end":3569.15},{"text":"Mr.","start":3569.15,"end":3569.71},{"text":"Juan","start":3569.71,"end":3569.95},{"text":"Jose","start":3570.03,"end":3570.35},{"text":"Martinez-Badillo,","start":3570.43,"end":3571.63},{"text":"Chief","start":3571.63,"end":3572.03},{"text":"of","start":3572.03,"end":3572.19},{"text":"the","start":3572.19,"end":3572.31},{"text":"UNCTAD","start":3572.31,"end":3572.91},{"text":"New","start":3573.39,"end":3573.63},{"text":"York","start":3573.63,"end":3573.95},{"text":"Office,","start":3573.95,"end":3574.43},{"text":"to","start":3574.87,"end":3574.95},{"text":"introduce","start":3574.95,"end":3575.63},{"text":"under","start":3575.63,"end":3575.99},{"text":"agenda","start":3575.99,"end":3576.43},{"text":"item","start":3576.43,"end":3576.91},{"text":"15G","start":3577.55,"end":3578.43},{"text":"pursuant","start":3578.71,"end":3579.35},{"text":"to","start":3579.35,"end":3579.63},{"text":"General","start":3579.63,"end":3580.27},{"text":"Assembly","start":3580.27,"end":3580.83},{"text":"Resolution","start":3580.83,"end":3581.63},{"text":"78/133,","start":3582.03,"end":3584.35},{"text":"the","start":3584.35,"end":3584.55},{"text":"dedicated","start":3584.55,"end":3585.11},{"text":"section","start":3585.11,"end":3585.71},{"text":"of","start":3585.79,"end":3585.99},{"text":"the","start":3585.99,"end":3586.11},{"text":"Creative","start":3586.11,"end":3586.75},{"text":"Economy","start":3586.75,"end":3587.31},{"text":"Outlook","start":3587.31,"end":3587.79},{"text":"on","start":3588.19,"end":3588.35},{"text":"promoting","start":3588.35,"end":3588.95},{"text":"creative","start":3588.95,"end":3589.39},{"text":"economy","start":3589.39,"end":3590.11},{"text":"for","start":3590.75,"end":3590.99},{"text":"sustainable","start":3590.99,"end":3591.67},{"text":"development,","start":3591.67,"end":3592.39},{"text":"which","start":3592.39,"end":3592.59},{"text":"has","start":3592.59,"end":3592.83},{"text":"also","start":3592.83,"end":3593.15},{"text":"been","start":3593.15,"end":3593.43},{"text":"available","start":3593.43,"end":3594.03},{"text":"to","start":3594.03,"end":3594.15},{"text":"delegations","start":3594.15,"end":3594.99},{"text":"through","start":3594.99,"end":3595.19},{"text":"eDelegate.","start":3595.23,"end":3596.03}]},{"text":"Ms. Martinez-Badillo, you have the floor.","start":3596.43,"end":3598.51,"topics":[],"words":[{"text":"Ms.","start":3596.43,"end":3596.67},{"text":"Martinez-Badillo,","start":3596.67,"end":3597.63},{"text":"you","start":3597.63,"end":3597.79},{"text":"have","start":3597.79,"end":3597.95},{"text":"the","start":3597.95,"end":3598.03},{"text":"floor.","start":3598.03,"end":3598.51}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":18,"start":3600.67,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:00:01","paragraphs":[{"sentences":[{"text":"Thank you, Chair, Excellencies, Distinguished 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worked with UNESCO, ILO, UNID and WIPO to prepare an assessment covering the breadth of issues on their respective 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we hope will provide a solid basis for your deliberations.","start":3629.75,"end":3632.83,"topics":[],"words":[{"text":"which","start":3629.75,"end":3630.03},{"text":"we","start":3630.03,"end":3630.11},{"text":"hope","start":3630.11,"end":3630.43},{"text":"will","start":3630.43,"end":3630.71},{"text":"provide","start":3630.71,"end":3631.07},{"text":"a","start":3631.07,"end":3631.11},{"text":"solid","start":3631.11,"end":3631.39},{"text":"basis","start":3631.39,"end":3631.75},{"text":"for","start":3631.75,"end":3631.87},{"text":"your","start":3631.87,"end":3632.03},{"text":"deliberations.","start":3632.03,"end":3632.83}]},{"text":"The main message we have is that the creative economy can contribute to economic diversification, innovation, employment, and inclusion, but tangible development gains are not automatic.","start":3633.39,"end":3644.35,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Effective","start":3644.99,"end":3645.55},{"text":"policies","start":3645.55,"end":3646.15},{"text":"and","start":3646.15,"end":3646.27},{"text":"institutions","start":3646.27,"end":3647.15},{"text":"need","start":3647.15,"end":3647.35},{"text":"to","start":3647.35,"end":3647.47},{"text":"be","start":3647.47,"end":3647.59},{"text":"in","start":3647.59,"end":3647.67},{"text":"place","start":3647.67,"end":3647.99},{"text":"to","start":3647.99,"end":3648.11},{"text":"allow","start":3648.11,"end":3648.35},{"text":"creators,","start":3648.35,"end":3649.23},{"text":"MSMEs,","start":3649.23,"end":3649.95},{"text":"and","start":3649.95,"end":3650.07},{"text":"communities","start":3650.07,"end":3650.75},{"text":"to","start":3650.75,"end":3650.87},{"text":"participate","start":3650.87,"end":3651.43},{"text":"in","start":3651.43,"end":3651.51},{"text":"markets,","start":3651.51,"end":3652.03},{"text":"retain","start":3652.03,"end":3652.43},{"text":"economic","start":3652.43,"end":3652.83},{"text":"value","start":3652.83,"end":3653.23},{"text":"from","start":3653.23,"end":3653.39},{"text":"the","start":3653.39,"end":3653.51},{"text":"work,","start":3653.51,"end":3653.87},{"text":"and","start":3654.27,"end":3654.47},{"text":"benefit","start":3654.47,"end":3654.95},{"text":"from","start":3654.95,"end":3655.15},{"text":"decent","start":3655.15,"end":3655.47},{"text":"employment.","start":3655.47,"end":3656.03}]},{"text":"A first step is to improve how we measure the creative sector.","start":3656.91,"end":3660.27,"topics":[],"words":[{"text":"A","start":3656.91,"end":3656.99},{"text":"first","start":3656.99,"end":3657.35},{"text":"step","start":3657.35,"end":3657.63},{"text":"is","start":3657.87,"end":3658.11},{"text":"to","start":3658.11,"end":3658.19},{"text":"improve","start":3658.23,"end":3658.55},{"text":"how","start":3658.55,"end":3658.67},{"text":"we","start":3658.67,"end":3658.83},{"text":"measure","start":3658.83,"end":3659.31},{"text":"the","start":3659.31,"end":3659.39},{"text":"creative","start":3659.39,"end":3659.83},{"text":"sector.","start":3659.83,"end":3660.27}]},{"text":"UNCTAD's revised statistical framework provides, for the first time, a comprehensive approach linking creative industries with production, employment and trade.","start":3661.15,"end":3669.43,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"UNCTAD's","start":3661.15,"end":3661.55},{"text":"revised","start":3661.55,"end":3661.87},{"text":"statistical","start":3661.87,"end":3662.43},{"text":"framework","start":3662.43,"end":3662.95},{"text":"provides,","start":3662.99,"end":3663.47},{"text":"for","start":3663.47,"end":3663.71},{"text":"the","start":3663.71,"end":3663.79},{"text":"first","start":3663.79,"end":3664.03},{"text":"time,","start":3664.03,"end":3664.35},{"text":"a","start":3664.35,"end":3664.43},{"text":"comprehensive","start":3664.43,"end":3665.15},{"text":"approach","start":3665.15,"end":3665.63},{"text":"linking","start":3666.11,"end":3666.59},{"text":"creative","start":3666.59,"end":3667.23},{"text":"industries","start":3667.23,"end":3667.79},{"text":"with","start":3667.79,"end":3667.99},{"text":"production,","start":3668.03,"end":3668.55},{"text":"employment","start":3668.55,"end":3668.99},{"text":"and","start":3668.99,"end":3669.11},{"text":"trade.","start":3669.11,"end":3669.43}]},{"text":"Preliminary estimates covering 150 countries indicate that the creative economy accounted for approximately 6.7% of gross value added in 2021.","start":3670.19,"end":3679.87,"topics":[],"words":[{"text":"Preliminary","start":3670.19,"end":3670.91},{"text":"estimates","start":3670.91,"end":3671.47},{"text":"covering","start":3671.47,"end":3671.83},{"text":"150","start":3671.83,"end":3672.55},{"text":"countries","start":3672.59,"end":3673.23},{"text":"indicate","start":3673.23,"end":3673.75},{"text":"that","start":3673.75,"end":3673.87},{"text":"the","start":3673.87,"end":3673.99},{"text":"creative","start":3673.99,"end":3674.43},{"text":"economy","start":3674.43,"end":3674.91},{"text":"accounted","start":3674.91,"end":3675.31},{"text":"for","start":3675.31,"end":3675.51},{"text":"approximately","start":3675.51,"end":3676.19},{"text":"6.7%","start":3676.19,"end":3676.83},{"text":"of","start":3676.83,"end":3676.95},{"text":"gross","start":3676.95,"end":3677.87},{"text":"value","start":3677.87,"end":3678.19},{"text":"added","start":3678.19,"end":3678.51},{"text":"in","start":3678.91,"end":3679.07},{"text":"2021.","start":3679.07,"end":3679.87}]},{"text":"These are very large aggregate numbers if we consider that our previous estimates show this sector accounting for up to 7.3% of GDP and 12.5% of employment.","start":3680.31,"end":3691.19,"topics":[],"words":[{"text":"These","start":3680.31,"end":3680.55},{"text":"are","start":3680.55,"end":3680.71},{"text":"very","start":3680.71,"end":3681.03},{"text":"large","start":3681.03,"end":3681.35},{"text":"aggregate","start":3681.35,"end":3681.91},{"text":"numbers","start":3681.91,"end":3682.39},{"text":"if","start":3682.39,"end":3682.51},{"text":"we","start":3682.51,"end":3682.71},{"text":"consider","start":3682.71,"end":3683.19},{"text":"that","start":3683.19,"end":3683.35},{"text":"our","start":3683.35,"end":3683.51},{"text":"previous","start":3683.51,"end":3683.91},{"text":"estimates","start":3683.91,"end":3684.31},{"text":"show","start":3684.31,"end":3684.55},{"text":"this","start":3684.55,"end":3684.75},{"text":"sector","start":3684.75,"end":3685.15},{"text":"accounting","start":3685.15,"end":3685.55},{"text":"for","start":3685.55,"end":3685.75},{"text":"up","start":3685.75,"end":3685.83},{"text":"to","start":3685.83,"end":3685.99},{"text":"7.3%","start":3685.99,"end":3686.03},{"text":"of","start":3686.07,"end":3686.31},{"text":"GDP","start":3687.43,"end":3688.63},{"text":"and","start":3689.11,"end":3689.31},{"text":"12.5%","start":3689.31,"end":3689.59},{"text":"of","start":3689.91,"end":3690.07},{"text":"employment.","start":3690.15,"end":3691.19}]},{"text":"While considerable data remains, particularly for developing countries, this is an important baseline from which to move forward and to guide policy.","start":3692.35,"end":3699.67,"topics":[],"words":[{"text":"While","start":3692.35,"end":3692.71},{"text":"considerable","start":3692.71,"end":3693.35},{"text":"data","start":3693.35,"end":3693.71},{"text":"remains,","start":3693.71,"end":3694.23},{"text":"particularly","start":3694.23,"end":3694.87},{"text":"for","start":3694.87,"end":3695.03},{"text":"developing","start":3695.03,"end":3695.51},{"text":"countries,","start":3695.51,"end":3695.95},{"text":"this","start":3695.95,"end":3696.11},{"text":"is","start":3696.11,"end":3696.23},{"text":"an","start":3696.23,"end":3696.35},{"text":"important","start":3696.35,"end":3696.79},{"text":"baseline","start":3696.79,"end":3697.31},{"text":"from","start":3697.31,"end":3697.51},{"text":"which","start":3697.51,"end":3697.75},{"text":"to","start":3697.75,"end":3697.83},{"text":"move","start":3697.83,"end":3698.11},{"text":"forward","start":3698.11,"end":3698.59},{"text":"and","start":3698.63,"end":3698.79},{"text":"to","start":3698.79,"end":3698.87},{"text":"guide","start":3698.87,"end":3699.07},{"text":"policy.","start":3699.07,"end":3699.67}]},{"text":"UNIDO finds that the manufacturing of creative goods makes a meaningful contribution to manufacturing value added and generates a significant share of manufacturing employment.","start":3700.95,"end":3711.63,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"UNIDO","start":3700.95,"end":3701.59},{"text":"finds","start":3701.59,"end":3702.07},{"text":"that","start":3702.07,"end":3702.35},{"text":"the","start":3702.35,"end":3702.55},{"text":"manufacturing","start":3702.55,"end":3703.23},{"text":"of","start":3703.23,"end":3703.31},{"text":"creative","start":3703.31,"end":3703.79},{"text":"goods","start":3704.07,"end":3704.47},{"text":"makes","start":3704.47,"end":3704.91},{"text":"a","start":3704.91,"end":3704.95},{"text":"meaningful","start":3704.95,"end":3705.43},{"text":"contribution","start":3705.43,"end":3705.99},{"text":"to","start":3705.99,"end":3706.07},{"text":"manufacturing","start":3706.07,"end":3706.79},{"text":"value","start":3706.79,"end":3707.11},{"text":"added","start":3707.11,"end":3707.43},{"text":"and","start":3707.51,"end":3707.75},{"text":"generates","start":3707.75,"end":3708.35},{"text":"a","start":3708.35,"end":3708.39},{"text":"significant","start":3708.39,"end":3709.03},{"text":"share","start":3709.03,"end":3709.51},{"text":"of","start":3710.15,"end":3710.23},{"text":"manufacturing","start":3710.23,"end":3711.03},{"text":"employment.","start":3711.03,"end":3711.63}]},{"text":"Being MSMEs centered, the creative economy can provide practical opportunities for industrial upgrading and diversification.","start":3712.07,"end":3720.63,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Being","start":3712.07,"end":3712.55},{"text":"MSMEs","start":3712.55,"end":3713.63},{"text":"centered,","start":3713.63,"end":3714.23},{"text":"the","start":3714.31,"end":3714.51},{"text":"creative","start":3714.51,"end":3714.95},{"text":"economy","start":3714.95,"end":3715.51},{"text":"can","start":3716.23,"end":3716.47},{"text":"provide","start":3716.47,"end":3717.47},{"text":"practical","start":3717.47,"end":3718.03},{"text":"opportunities","start":3718.03,"end":3718.63},{"text":"for","start":3718.63,"end":3718.75},{"text":"industrial","start":3718.75,"end":3719.23},{"text":"upgrading","start":3719.23,"end":3719.59},{"text":"and","start":3719.59,"end":3719.71},{"text":"diversification.","start":3719.71,"end":3720.63}]},{"text":"On their side, ILO finds that creative work continues to be characterized by high levels of self-employment, informality, and project-based employment, often lacking adequate social protection.","start":3721.59,"end":3732.27,"topics":[],"words":[{"text":"On","start":3721.59,"end":3721.75},{"text":"their","start":3721.75,"end":3721.91},{"text":"side,","start":3721.91,"end":3722.27},{"text":"ILO","start":3722.31,"end":3722.79},{"text":"finds","start":3722.79,"end":3723.19},{"text":"that","start":3723.19,"end":3723.35},{"text":"creative","start":3723.35,"end":3723.83},{"text":"work","start":3723.83,"end":3724.11},{"text":"continues","start":3724.11,"end":3724.55},{"text":"to","start":3724.55,"end":3724.63},{"text":"be","start":3724.63,"end":3724.75},{"text":"characterized","start":3724.75,"end":3725.35},{"text":"by","start":3725.35,"end":3725.51},{"text":"high","start":3725.51,"end":3725.75},{"text":"levels","start":3725.75,"end":3726.11},{"text":"of","start":3726.11,"end":3726.19},{"text":"self-employment,","start":3726.19,"end":3727.23},{"text":"informality,","start":3727.23,"end":3728.11},{"text":"and","start":3728.11,"end":3728.23},{"text":"project-based","start":3728.23,"end":3728.91},{"text":"employment,","start":3728.91,"end":3729.43},{"text":"often","start":3729.99,"end":3730.43},{"text":"lacking","start":3730.43,"end":3730.87},{"text":"adequate","start":3730.87,"end":3731.31},{"text":"social","start":3731.31,"end":3731.67},{"text":"protection.","start":3731.67,"end":3732.27}]},{"text":"WIPO On this report provides evidence to highlight the importance of intellectual property and rights management systems for commercialization, access to finance and domestic value retention.","start":3733.15,"end":3746.75,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"WIPO","start":3733.15,"end":3733.75},{"text":"On","start":3736.27,"end":3736.39},{"text":"this","start":3736.39,"end":3736.55},{"text":"report","start":3736.55,"end":3737.19},{"text":"provides","start":3737.19,"end":3737.59},{"text":"evidence","start":3737.59,"end":3737.95},{"text":"to","start":3737.95,"end":3738.07},{"text":"highlight","start":3738.07,"end":3738.43},{"text":"the","start":3738.43,"end":3738.51},{"text":"importance","start":3738.51,"end":3738.99},{"text":"of","start":3738.99,"end":3739.11},{"text":"intellectual","start":3739.11,"end":3739.63},{"text":"property","start":3739.63,"end":3740.39},{"text":"and","start":3740.95,"end":3741.31},{"text":"rights","start":3741.31,"end":3741.67},{"text":"management","start":3741.67,"end":3742.15},{"text":"systems","start":3742.15,"end":3742.71},{"text":"for","start":3742.71,"end":3742.87},{"text":"commercialization,","start":3742.87,"end":3743.83},{"text":"access","start":3744.23,"end":3744.71},{"text":"to","start":3744.71,"end":3744.87},{"text":"finance","start":3744.87,"end":3745.31},{"text":"and","start":3745.31,"end":3745.47},{"text":"domestic","start":3745.47,"end":3745.87},{"text":"value","start":3745.87,"end":3746.15},{"text":"retention.","start":3746.15,"end":3746.75}]},{"text":"Digital distribution and generative AI are creating new challenges in these areas, such as authorization, attribution and fair 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as highlighted by UNESCO, persistent gender inequalities and digital barriers affect creators and particularly women, such as skills gaps, algorithmic bias, limited online visibility, and technology-facilitated violence.","start":3756.31,"end":3769.63,"topics":[],"words":[{"text":"Further,","start":3756.31,"end":3756.79},{"text":"as","start":3757.35,"end":3757.55},{"text":"highlighted","start":3757.55,"end":3757.91},{"text":"by","start":3757.91,"end":3758.07},{"text":"UNESCO,","start":3758.07,"end":3758.63},{"text":"persistent","start":3758.79,"end":3759.31},{"text":"gender","start":3759.31,"end":3759.63},{"text":"inequalities","start":3759.63,"end":3760.15},{"text":"and","start":3760.15,"end":3760.27},{"text":"digital","start":3760.27,"end":3760.63},{"text":"barriers","start":3760.63,"end":3761.11},{"text":"affect","start":3761.11,"end":3761.51},{"text":"creators","start":3761.59,"end":3762.15},{"text":"and","start":3762.15,"end":3762.27},{"text":"particularly","start":3762.27,"end":3762.91},{"text":"women,","start":3762.91,"end":3763.11},{"text":"such","start":3763.11,"end":3763.35},{"text":"as","start":3763.35,"end":3763.47},{"text":"skills","start":3763.47,"end":3763.91},{"text":"gaps,","start":3763.91,"end":3764.39},{"text":"algorithmic","start":3764.39,"end":3765.07},{"text":"bias,","start":3765.07,"end":3765.59},{"text":"limited","start":3766.11,"end":3766.59},{"text":"online","start":3766.59,"end":3766.83},{"text":"visibility,","start":3766.83,"end":3767.63},{"text":"and","start":3767.63,"end":3767.83},{"text":"technology-facilitated","start":3767.83,"end":3769.07},{"text":"violence.","start":3769.07,"end":3769.63}]},{"text":"UNESCO highlights the link of the creative economy and climate and environmental strategies.","start":3770.19,"end":3776.51,"topics":[],"words":[{"text":"UNESCO","start":3770.19,"end":3770.75},{"text":"highlights","start":3770.75,"end":3771.31},{"text":"the","start":3771.31,"end":3771.51},{"text":"link","start":3771.51,"end":3771.79},{"text":"of","start":3771.79,"end":3771.95},{"text":"the","start":3771.95,"end":3772.03},{"text":"creative","start":3772.03,"end":3772.47},{"text":"economy","start":3772.47,"end":3773.03},{"text":"and","start":3773.03,"end":3773.19},{"text":"climate","start":3773.19,"end":3773.71},{"text":"and","start":3774.83,"end":3775.23},{"text":"environmental","start":3775.23,"end":3775.87},{"text":"strategies.","start":3775.87,"end":3776.51}]},{"text":"Taken together, the overall assessment of the agencies that prepared the report is that while the creative sector is a significant global employer, its workforce has a high degree of self-employment, informality, and profound gender and digital 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identified a series of recommendations, including, and I will give you just a few of the highlights, strengthening statistical capacity, mainstreaming the creative sectors into industrial diversification and export strategies, improving intellectual property and collective rights management system, and adapting labor and social protection frameworks to the realities that creators and cultural professionals face.","start":3790.23,"end":3815.19,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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the development gains that the creative sector promises.","start":3840.79,"end":3844.63,"topics":[],"words":[{"text":"to","start":3840.79,"end":3840.95},{"text":"effectively","start":3840.95,"end":3841.47},{"text":"achieve","start":3841.47,"end":3841.75},{"text":"the","start":3841.75,"end":3841.83},{"text":"development","start":3841.83,"end":3842.27},{"text":"gains","start":3842.27,"end":3842.63},{"text":"that","start":3842.63,"end":3842.83},{"text":"the","start":3842.83,"end":3842.95},{"text":"creative","start":3842.95,"end":3843.51},{"text":"sector","start":3843.51,"end":3843.91},{"text":"promises.","start":3843.91,"end":3844.63}]},{"text":"I thank you, Madam 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accordance with the practice of the Main Committees, I now invite delegations to make comments or pose questions on the reports and other documents that were 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floor is open.","start":3861.27,"end":3862.39,"topics":[],"words":[{"text":"The","start":3861.27,"end":3861.43},{"text":"floor","start":3861.43,"end":3861.79},{"text":"is","start":3861.79,"end":3861.99},{"text":"open.","start":3861.99,"end":3862.39}]},{"text":"Delegates that would like to take the floor are invited to indicate their wish to speak by pressing the microphone 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don't have any requests for the floor.","start":3886.96,"end":3889.44,"topics":[],"words":[{"text":"I","start":3886.96,"end":3887.2},{"text":"don't","start":3887.2,"end":3887.76},{"text":"have","start":3887.76,"end":3887.88},{"text":"any","start":3887.88,"end":3888.08},{"text":"requests","start":3888.08,"end":3888.56},{"text":"for","start":3888.56,"end":3888.72},{"text":"the","start":3888.72,"end":3888.84},{"text":"floor.","start":3888.84,"end":3889.44}]},{"text":"That means the reports were very clear to you.","start":3890.56,"end":3892.8,"topics":[],"words":[{"text":"That","start":3890.56,"end":3890.8},{"text":"means","start":3890.8,"end":3891.04},{"text":"the","start":3891.04,"end":3891.16},{"text":"reports","start":3891.16,"end":3891.68},{"text":"were","start":3891.68,"end":3891.84},{"text":"very","start":3891.84,"end":3892.04},{"text":"clear","start":3892.04,"end":3892.4},{"text":"to","start":3892.4,"end":3892.56},{"text":"you.","start":3892.56,"end":3892.8}]},{"text":"So we can thank the presenters for introducing their reports, for their time with the committee, and leave them a few moments to leave the podium, and then we continue with the discussion and conversation that we have in our agenda 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list of speakers has been prepared on this basis, and I intend to implement these time limits strictly, including as necessary by means of automatic microphone 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assist speakers in time management, a countdown clock will be projected on the screens in the meeting room.","start":4010.15,"end":4015.83,"topics":[],"words":[{"text":"To","start":4010.15,"end":4010.27},{"text":"assist","start":4010.27,"end":4010.59},{"text":"speakers","start":4010.59,"end":4011.27},{"text":"in","start":4011.27,"end":4011.51},{"text":"time","start":4011.51,"end":4011.79},{"text":"management,","start":4011.79,"end":4012.35},{"text":"a","start":4012.47,"end":4012.55},{"text":"countdown","start":4012.55,"end":4013.03},{"text":"clock","start":4013.03,"end":4013.39},{"text":"will","start":4013.39,"end":4013.59},{"text":"be","start":4013.59,"end":4013.67},{"text":"projected","start":4013.67,"end":4014.23},{"text":"on","start":4014.23,"end":4014.39},{"text":"the","start":4014.39,"end":4014.47},{"text":"screens","start":4014.47,"end":4015.03},{"text":"in","start":4015.03,"end":4015.19},{"text":"the","start":4015.19,"end":4015.27},{"text":"meeting","start":4015.27,"end":4015.55},{"text":"room.","start":4015.55,"end":4015.83}]},{"text":"It will start blinking red to indicate that the speaker has one minute left to conclude the statement.","start":4016.63,"end":4021.59,"topics":[],"words":[{"text":"It","start":4016.63,"end":4016.75},{"text":"will","start":4016.75,"end":4016.87},{"text":"start","start":4016.87,"end":4017.19},{"text":"blinking","start":4017.19,"end":4017.51},{"text":"red","start":4017.51,"end":4017.83},{"text":"to","start":4017.83,"end":4017.95},{"text":"indicate","start":4017.95,"end":4018.35},{"text":"that","start":4018.35,"end":4018.47},{"text":"the","start":4018.47,"end":4018.59},{"text":"speaker","start":4018.59,"end":4019.11},{"text":"has","start":4019.11,"end":4019.43},{"text":"one","start":4019.43,"end":4019.75},{"text":"minute","start":4019.75,"end":4019.99},{"text":"left","start":4019.99,"end":4020.35},{"text":"to","start":4020.39,"end":4020.55},{"text":"conclude","start":4020.55,"end":4020.95},{"text":"the","start":4020.95,"end":4021.03},{"text":"statement.","start":4021.03,"end":4021.59}]},{"text":"Delegations are requested to submit longer versions of their statements by e-mail to estatements@un.org.","start":4022.31,"end":4029.27,"topics":[],"words":[{"text":"Delegations","start":4022.31,"end":4023.03},{"text":"are","start":4023.03,"end":4023.15},{"text":"requested","start":4023.15,"end":4023.67},{"text":"to","start":4023.67,"end":4023.79},{"text":"submit","start":4023.79,"end":4024.15},{"text":"longer","start":4024.15,"end":4024.55},{"text":"versions","start":4024.55,"end":4025.03},{"text":"of","start":4025.03,"end":4025.19},{"text":"their","start":4025.19,"end":4025.35},{"text":"statements","start":4025.35,"end":4025.91},{"text":"by","start":4025.91,"end":4026.07},{"text":"e-mail","start":4026.07,"end":4026.63},{"text":"to","start":4026.63,"end":4026.95},{"text":"estatements@un.org.","start":4027.15,"end":4029.27}]},{"text":"I thank speakers in advance for their cooperation.","start":4030.47,"end":4033.03,"topics":[],"words":[{"text":"I","start":4030.47,"end":4030.63},{"text":"thank","start":4030.63,"end":4030.87},{"text":"speakers","start":4030.87,"end":4031.39},{"text":"in","start":4031.39,"end":4031.51},{"text":"advance","start":4031.51,"end":4032.07},{"text":"for","start":4032.07,"end":4032.23},{"text":"their","start":4032.23,"end":4032.35},{"text":"cooperation.","start":4032.35,"end":4033.03}]},{"text":"I now give the floor to the distinguished representative of Uruguay on behalf of the Group of 77 and China.","start":4036.07,"end":4041.99,"topics":[],"words":[{"text":"I","start":4036.07,"end":4036.23},{"text":"now","start":4036.23,"end":4036.39},{"text":"give","start":4036.39,"end":4036.55},{"text":"the","start":4036.55,"end":4036.67},{"text":"floor","start":4036.67,"end":4036.99},{"text":"to","start":4036.99,"end":4037.15},{"text":"the","start":4037.15,"end":4037.23},{"text":"distinguished","start":4037.23,"end":4037.79},{"text":"representative","start":4037.79,"end":4038.39},{"text":"of","start":4038.39,"end":4038.71},{"text":"Uruguay","start":4038.79,"end":4039.19},{"text":"on","start":4039.43,"end":4039.59},{"text":"behalf","start":4039.59,"end":4040.07},{"text":"of","start":4040.15,"end":4040.47},{"text":"the","start":4040.55,"end":4040.67},{"text":"Group","start":4040.67,"end":4040.95},{"text":"of","start":4040.95,"end":4041.03},{"text":"77","start":4041.03,"end":4041.51},{"text":"and","start":4041.51,"end":4041.63},{"text":"China.","start":4041.63,"end":4041.99}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":20,"start":4051.99,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:07:32","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":4051.99,"end":4053.03,"topics":[],"words":[{"text":"Thank","start":4051.99,"end":4052.23},{"text":"you,","start":4052.23,"end":4052.31},{"text":"Mr.","start":4052.31,"end":4052.63},{"text":"Chair.","start":4052.63,"end":4053.03}]},{"text":"I have the honor to deliver this statement on behalf of the Group of 77 and China.","start":4054.07,"end":4058.39,"topics":[],"words":[{"text":"I","start":4054.07,"end":4054.11},{"text":"have","start":4054.11,"end":4054.31},{"text":"the","start":4054.31,"end":4054.43},{"text":"honor","start":4054.43,"end":4054.63},{"text":"to","start":4054.63,"end":4054.75},{"text":"deliver","start":4054.75,"end":4055.35},{"text":"this","start":4055.35,"end":4055.55},{"text":"statement","start":4055.55,"end":4056.07},{"text":"on","start":4056.07,"end":4056.23},{"text":"behalf","start":4056.23,"end":4056.51},{"text":"of","start":4056.51,"end":4056.71},{"text":"the","start":4056.71,"end":4056.83},{"text":"Group","start":4056.83,"end":4057.03},{"text":"of","start":4057.03,"end":4057.11},{"text":"77","start":4057.11,"end":4057.79},{"text":"and","start":4057.79,"end":4057.95},{"text":"China.","start":4057.95,"end":4058.39}]},{"text":"At a time of heightened uncertainty in the global economy, the group reaffirms the critical importance of macroeconomic stability, structural transformation, and resilient and inclusive growth strategies that support developing countries in their implementation of the 2030 Agenda for Sustainable Development, as well as their national development priorities.","start":4061.03,"end":4083.19,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and 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cooperation must be grounded in solidarity, equity, and the right of every country to pursue policies tailored to its national circumstances.","start":4084.63,"end":4097.03,"topics":[],"words":[{"text":"International","start":4084.63,"end":4085.35},{"text":"cooperation","start":4085.35,"end":4086.15},{"text":"must","start":4086.95,"end":4087.27},{"text":"be","start":4087.27,"end":4087.51},{"text":"grounded","start":4087.51,"end":4087.99},{"text":"in","start":4087.99,"end":4088.15},{"text":"solidarity,","start":4088.15,"end":4089.03},{"text":"equity,","start":4089.59,"end":4090.23},{"text":"and","start":4090.31,"end":4090.51},{"text":"the","start":4090.51,"end":4090.59},{"text":"right","start":4090.59,"end":4091.11},{"text":"of","start":4091.19,"end":4091.43},{"text":"every","start":4091.43,"end":4091.83},{"text":"country","start":4091.83,"end":4092.39},{"text":"to","start":4092.79,"end":4092.95},{"text":"pursue","start":4092.95,"end":4093.43},{"text":"policies","start":4093.43,"end":4093.99},{"text":"tailored","start":4093.99,"end":4094.55},{"text":"to","start":4095.35,"end":4095.47},{"text":"its","start":4095.47,"end":4095.59},{"text":"national","start":4095.59,"end":4096.07},{"text":"circumstances.","start":4096.07,"end":4097.03}]},{"text":"We must build an open and steady recovery of the world economy, step up macroeconomic policy coordination, and create a peaceful, stable, open, and inclusive environment for international 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we stress the need to address systemic imbalances in the global economy through a more inclusive and development-oriented macroeconomic policy environment, as well as national macroeconomic fundamentals.","start":4113.27,"end":4128.63,"topics":[],"words":[{"text":"Therefore,","start":4113.27,"end":4113.91},{"text":"we","start":4113.91,"end":4114.07},{"text":"stress","start":4114.07,"end":4114.47},{"text":"the","start":4114.47,"end":4114.55},{"text":"need","start":4114.55,"end":4114.79},{"text":"to","start":4114.79,"end":4115.15},{"text":"address","start":4115.15,"end":4115.87},{"text":"systemic","start":4115.87,"end":4116.43},{"text":"imbalances","start":4116.43,"end":4117.15},{"text":"in","start":4117.15,"end":4117.27},{"text":"the","start":4117.27,"end":4117.39},{"text":"global","start":4117.39,"end":4117.83},{"text":"economy","start":4117.83,"end":4118.47},{"text":"through","start":4118.79,"end":4119.11},{"text":"a","start":4119.11,"end":4119.19},{"text":"more","start":4119.19,"end":4119.43},{"text":"inclusive","start":4119.43,"end":4120.15},{"text":"and","start":4120.79,"end":4120.99},{"text":"development-oriented","start":4120.99,"end":4122.23},{"text":"macroeconomic","start":4122.63,"end":4123.51},{"text":"policy","start":4123.51,"end":4124.15},{"text":"environment,","start":4124.15,"end":4124.87},{"text":"as","start":4125.35,"end":4125.59},{"text":"well","start":4125.59,"end":4125.91},{"text":"as","start":4126.31,"end":4126.55},{"text":"national","start":4126.55,"end":4126.95},{"text":"macroeconomic","start":4126.95,"end":4127.75},{"text":"fundamentals.","start":4127.75,"end":4128.63}]},{"text":"This includes addressing the high cost of capital for developing countries, improving access to international liquidity, and strengthening the rules-based, non-discriminatory, open, fair, inclusive, equitable, and transparent multilateral trading system with the World Trade Organization at its core.","start":4129.67,"end":4150.87,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"This","start":4129.67,"end":4129.91},{"text":"includes","start":4129.91,"end":4130.47},{"text":"addressing","start":4130.47,"end":4131.11},{"text":"the","start":4131.75,"end":4131.83},{"text":"high","start":4131.83,"end":4132.15},{"text":"cost","start":4132.15,"end":4132.47},{"text":"of","start":4132.51,"end":4132.63},{"text":"capital","start":4132.63,"end":4133.11},{"text":"for","start":4133.11,"end":4133.35},{"text":"developing","start":4133.35,"end":4133.83},{"text":"countries,","start":4133.83,"end":4134.39},{"text":"improving","start":4134.63,"end":4135.19},{"text":"access","start":4135.19,"end":4135.59},{"text":"to","start":4135.59,"end":4135.71},{"text":"international","start":4135.71,"end":4136.51},{"text":"liquidity,","start":4136.51,"end":4137.27},{"text":"and","start":4138.31,"end":4138.55},{"text":"strengthening","start":4138.55,"end":4139.19},{"text":"the","start":4139.19,"end":4139.35},{"text":"rules-based,","start":4139.35,"end":4140.23},{"text":"non-discriminatory,","start":4140.63,"end":4141.91},{"text":"open,","start":4142.39,"end":4142.87},{"text":"fair,","start":4142.87,"end":4143.27},{"text":"inclusive,","start":4143.27,"end":4143.91},{"text":"equitable,","start":4144.31,"end":4144.95},{"text":"and","start":4144.95,"end":4145.11},{"text":"transparent","start":4145.11,"end":4145.63},{"text":"multilateral","start":4145.63,"end":4146.39},{"text":"trading","start":4146.39,"end":4146.67},{"text":"system","start":4146.67,"end":4147.27},{"text":"with","start":4147.67,"end":4147.95},{"text":"the","start":4147.95,"end":4148.03},{"text":"World","start":4148.03,"end":4148.31},{"text":"Trade","start":4148.31,"end":4148.59},{"text":"Organization","start":4148.59,"end":4149.59},{"text":"at","start":4149.83,"end":4150.23},{"text":"its","start":4150.23,"end":4150.47},{"text":"core.","start":4150.47,"end":4150.87}]},{"text":"We also support advancing WTO reform so that it can better serve all our economies.","start":4151.99,"end":4159.75,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"We","start":4151.99,"end":4152.19},{"text":"also","start":4152.19,"end":4152.39},{"text":"support","start":4152.39,"end":4153.03},{"text":"advancing","start":4153.27,"end":4153.99},{"text":"WTO","start":4154.07,"end":4154.71},{"text":"reform","start":4154.71,"end":4155.35},{"text":"so","start":4155.59,"end":4155.91},{"text":"that","start":4155.91,"end":4156.31},{"text":"it","start":4156.47,"end":4156.63},{"text":"can","start":4156.63,"end":4156.87},{"text":"better","start":4156.87,"end":4157.51},{"text":"serve","start":4157.51,"end":4157.99},{"text":"all","start":4158.31,"end":4158.63},{"text":"our","start":4158.71,"end":4159.15},{"text":"economies.","start":4159.15,"end":4159.75}]},{"text":"Mr. Chair, The Group reaffirms the need to ensure that developing countries have the necessary fiscal space for achieving the SDGs and their national development objectives.","start":4160.71,"end":4173.31,"topics":[],"words":[{"text":"Mr.","start":4160.71,"end":4161.11},{"text":"Chair,","start":4161.11,"end":4161.43},{"text":"The","start":4163.59,"end":4163.63},{"text":"Group","start":4163.63,"end":4163.95},{"text":"reaffirms","start":4163.95,"end":4164.51},{"text":"the","start":4164.51,"end":4164.59},{"text":"need","start":4164.59,"end":4164.91},{"text":"to","start":4164.91,"end":4165.03},{"text":"ensure","start":4165.03,"end":4165.55},{"text":"that","start":4165.55,"end":4165.75},{"text":"developing","start":4165.75,"end":4166.23},{"text":"countries","start":4166.23,"end":4166.75},{"text":"have","start":4167.07,"end":4167.27},{"text":"the","start":4167.27,"end":4167.39},{"text":"necessary","start":4167.39,"end":4168.27},{"text":"fiscal","start":4168.27,"end":4168.75},{"text":"space","start":4168.75,"end":4169.23},{"text":"for","start":4169.23,"end":4169.43},{"text":"achieving","start":4169.43,"end":4169.87},{"text":"the","start":4169.87,"end":4169.99},{"text":"SDGs","start":4169.99,"end":4170.67},{"text":"and","start":4171.23,"end":4171.39},{"text":"their","start":4171.39,"end":4171.55},{"text":"national","start":4171.55,"end":4171.95},{"text":"development","start":4171.95,"end":4172.55},{"text":"objectives.","start":4172.55,"end":4173.31}]},{"text":"However, the high debt servicing obligations and borrowing costs continue to constrain fiscal space and their resources.","start":4173.71,"end":4181.87,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"However,","start":4173.71,"end":4174.35},{"text":"the","start":4174.75,"end":4174.87},{"text":"high","start":4174.87,"end":4175.07},{"text":"debt","start":4175.07,"end":4175.39},{"text":"servicing","start":4175.39,"end":4175.99},{"text":"obligations","start":4175.99,"end":4176.83},{"text":"and","start":4177.07,"end":4177.31},{"text":"borrowing","start":4177.31,"end":4177.71},{"text":"costs","start":4177.71,"end":4178.27},{"text":"continue","start":4178.59,"end":4179.07},{"text":"to","start":4179.07,"end":4179.15},{"text":"constrain","start":4179.15,"end":4179.71},{"text":"fiscal","start":4179.71,"end":4180.11},{"text":"space","start":4180.11,"end":4180.59},{"text":"and","start":4180.63,"end":4180.79},{"text":"their","start":4180.79,"end":4181.19},{"text":"resources.","start":4181.19,"end":4181.87}]},{"text":"The Group therefore supports strengthened international cooperation to address debt vulnerabilities and welcomes efforts towards a more effective, predictable, and equitable international debt architecture that facilitates concessional and blended finance, de-risk private investment, and facilitate access to capital markets on fair terms.","start":4182.67,"end":4204.75,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"The","start":4182.67,"end":4182.87},{"text":"Group","start":4182.87,"end":4183.15},{"text":"therefore","start":4183.15,"end":4183.71},{"text":"supports","start":4183.71,"end":4184.43},{"text":"strengthened","start":4184.75,"end":4185.27},{"text":"international","start":4185.27,"end":4185.95},{"text":"cooperation","start":4185.95,"end":4186.75},{"text":"to","start":4187.07,"end":4187.19},{"text":"address","start":4187.19,"end":4187.55},{"text":"debt","start":4187.55,"end":4187.87},{"text":"vulnerabilities","start":4187.91,"end":4188.83},{"text":"and","start":4188.83,"end":4188.99},{"text":"welcomes","start":4188.99,"end":4189.47},{"text":"efforts","start":4189.47,"end":4190.03},{"text":"towards","start":4190.43,"end":4190.79},{"text":"a","start":4190.79,"end":4190.83},{"text":"more","start":4190.83,"end":4191.15},{"text":"effective,","start":4191.15,"end":4191.71},{"text":"predictable,","start":4191.71,"end":4192.43},{"text":"and","start":4192.51,"end":4192.67},{"text":"equitable","start":4192.67,"end":4193.31},{"text":"international","start":4193.31,"end":4194.07},{"text":"debt","start":4194.07,"end":4194.27},{"text":"architecture","start":4194.27,"end":4194.99},{"text":"that","start":4195.55,"end":4195.79},{"text":"facilitates","start":4195.79,"end":4196.59},{"text":"concessional","start":4196.59,"end":4197.35},{"text":"and","start":4197.47,"end":4197.63},{"text":"blended","start":4197.63,"end":4198.19},{"text":"finance,","start":4198.19,"end":4198.75},{"text":"de-risk","start":4199.07,"end":4199.63},{"text":"private","start":4199.63,"end":4200.11},{"text":"investment,","start":4200.11,"end":4200.75},{"text":"and","start":4200.99,"end":4201.15},{"text":"facilitate","start":4201.15,"end":4201.87},{"text":"access","start":4201.95,"end":4202.35},{"text":"to","start":4202.35,"end":4202.59},{"text":"capital","start":4202.67,"end":4203.23},{"text":"markets","start":4203.23,"end":4203.71},{"text":"on","start":4203.79,"end":4203.95},{"text":"fair","start":4203.95,"end":4204.27},{"text":"terms.","start":4204.27,"end":4204.75}]},{"text":"The Group emphasizes that effective domestic resource mobilization is best achieved when national efforts are matched by international support and cooperation, including official development assistance, concessional financing, capacity building, knowledge sharing, technical cooperation, and inclusive and effective international tax cooperation.","start":4206.83,"end":4230.19,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource 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the same time, the sovereign right of each country to determine its own national priorities and fiscal strategies must be fully 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group rated its its condemnation of the imposition of unilateral coercive measures that are contrary to international law, especially in the Global South, which seek to deny its right to development, including the drawing up of false lists of alleged state sponsors of terrorism.","start":4242.11,"end":4261.67,"topics":[],"words":[{"text":"The","start":4242.11,"end":4242.23},{"text":"group","start":4242.23,"end":4242.51},{"text":"rated","start":4242.51,"end":4242.91},{"text":"its","start":4242.91,"end":4243.23},{"text":"its","start":4243.51,"end":4243.67},{"text":"condemnation","start":4243.67,"end":4244.63},{"text":"of","start":4244.79,"end":4244.91},{"text":"the","start":4244.91,"end":4244.99},{"text":"imposition","start":4244.99,"end":4245.83},{"text":"of","start":4245.83,"end":4245.99},{"text":"unilateral","start":4245.99,"end":4246.71},{"text":"coercive","start":4246.71,"end":4247.27},{"text":"measures","start":4247.27,"end":4247.91},{"text":"that","start":4247.99,"end":4248.23},{"text":"are","start":4248.23,"end":4248.39},{"text":"contrary","start":4248.39,"end":4249.03},{"text":"to","start":4249.03,"end":4249.19},{"text":"international","start":4249.19,"end":4250.19},{"text":"law,","start":4250.19,"end":4250.27},{"text":"especially","start":4250.79,"end":4251.47},{"text":"in","start":4251.47,"end":4251.55},{"text":"the","start":4251.55,"end":4251.63},{"text":"Global","start":4251.63,"end":4251.99},{"text":"South,","start":4251.99,"end":4252.55},{"text":"which","start":4252.95,"end":4253.19},{"text":"seek","start":4253.19,"end":4253.59},{"text":"to","start":4253.59,"end":4253.67},{"text":"deny","start":4253.67,"end":4254.07},{"text":"its","start":4254.07,"end":4254.23},{"text":"right","start":4254.23,"end":4254.51},{"text":"to","start":4254.51,"end":4254.59},{"text":"development,","start":4254.59,"end":4255.35},{"text":"including","start":4255.83,"end":4256.47},{"text":"the","start":4256.47,"end":4256.67},{"text":"drawing","start":4256.67,"end":4256.95},{"text":"up","start":4256.99,"end":4257.19},{"text":"of","start":4257.27,"end":4257.39},{"text":"false","start":4257.39,"end":4257.99},{"text":"lists","start":4257.99,"end":4258.55},{"text":"of","start":4258.55,"end":4258.71},{"text":"alleged","start":4258.71,"end":4259.19},{"text":"state","start":4259.19,"end":4259.67},{"text":"sponsors","start":4259.67,"end":4260.71},{"text":"of","start":4260.79,"end":4260.95},{"text":"terrorism.","start":4260.95,"end":4261.67}]},{"text":"Mr. Chair, financial inclusion also plays a vital role in unlocking sustainable development.","start":4262.55,"end":4271.23,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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to enhance digital literacy and participation in the digital economy can strengthen financial resilience and help ensure that no one is left behind.","start":4284.47,"end":4295.35,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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a process must preserve hard-won gains that support the priorities of developing countries and advance progress across all dimensions of sustainable 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Group of 77 and China underscores the adoption of the Compromiso de Sevilla, the outcome of the Fourth International Conference on Financing for Development.","start":4330.11,"end":4340.27,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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renewed framework builds on the Addis Ababa Action Agenda and aims to urgently close the $4 trillion annual.","start":4340.99,"end":4349.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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China","function":null,"affiliation_full":"Uruguay"}},{"statement_number":21,"start":4353.83,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:12:34","paragraphs":[{"sentences":[{"text":"I thank the representative of Uruguay, speaking on behalf of the Group of 77 and 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ASEAN.","start":4359.03,"end":4367.35,"topics":[],"words":[{"text":"I","start":4359.03,"end":4359.19},{"text":"now","start":4359.19,"end":4359.35},{"text":"give","start":4359.35,"end":4359.51},{"text":"the","start":4359.51,"end":4359.67},{"text":"floor","start":4359.67,"end":4360.07},{"text":"to","start":4360.07,"end":4360.27},{"text":"the","start":4360.27,"end":4360.35},{"text":"distinguished","start":4360.35,"end":4360.87},{"text":"representative","start":4360.87,"end":4361.59},{"text":"of","start":4361.59,"end":4361.99},{"text":"Indonesia","start":4362.07,"end":4362.79},{"text":"on","start":4362.91,"end":4363.11},{"text":"behalf","start":4363.11,"end":4363.51},{"text":"of","start":4363.51,"end":4363.67},{"text":"the","start":4363.67,"end":4363.79},{"text":"Association","start":4363.91,"end":4364.67},{"text":"of","start":4364.67,"end":4364.79},{"text":"Southeast","start":4364.79,"end":4365.75},{"text":"Asian","start":4365.75,"end":4366.27},{"text":"Nations,","start":4366.27,"end":4366.79},{"text":"ASEAN.","start":4366.79,"end":4367.35}]}]}],"speaker":{"affiliation":"2nd 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China.","start":4378.71,"end":4383.27,"topics":[],"words":[{"text":"ASEAN","start":4378.71,"end":4379.03},{"text":"lends","start":4379.03,"end":4379.31},{"text":"itself","start":4379.31,"end":4379.71},{"text":"with","start":4379.71,"end":4379.87},{"text":"the","start":4379.87,"end":4379.95},{"text":"statement","start":4379.95,"end":4380.35},{"text":"delivered","start":4380.35,"end":4380.71},{"text":"on","start":4380.71,"end":4380.87},{"text":"behalf","start":4380.87,"end":4381.07},{"text":"of","start":4381.07,"end":4381.27},{"text":"the","start":4381.27,"end":4381.39},{"text":"Group","start":4381.39,"end":4381.75},{"text":"of","start":4381.75,"end":4381.91},{"text":"77","start":4381.91,"end":4382.63},{"text":"and","start":4382.63,"end":4382.79},{"text":"China.","start":4382.79,"end":4383.27}]},{"text":"Chair, geopolitical tensions, geo-economic fragmentation, debt vulnerabilities and volatile capital flows weigh on the development prospects of developing countries.","start":4384.31,"end":4394.87,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Disruptions","start":4395.67,"end":4396.39},{"text":"affecting","start":4396.39,"end":4396.87},{"text":"maritime,","start":4396.87,"end":4397.59},{"text":"energy","start":4397.75,"end":4398.19},{"text":"and","start":4398.19,"end":4398.31},{"text":"trade","start":4398.31,"end":4398.55},{"text":"routes","start":4398.55,"end":4398.95},{"text":"have","start":4398.95,"end":4399.19},{"text":"demonstrated","start":4399.19,"end":4399.91},{"text":"how","start":4400.47,"end":4400.71},{"text":"shocks","start":4400.71,"end":4401.27},{"text":"translate","start":4401.35,"end":4401.91},{"text":"into","start":4401.91,"end":4402.19},{"text":"commodity","start":4402.19,"end":4402.67},{"text":"price","start":4402.67,"end":4403.03},{"text":"volatility.","start":4403.03,"end":4403.75}]},{"text":"Higher logistic costs and disruptions to supply chains, and we are also concerned by rising unilateralism.","start":4404.71,"end":4411.27,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Merchandise","start":4436.71,"end":4437.27},{"text":"trade","start":4437.27,"end":4437.59},{"text":"expanded","start":4437.59,"end":4439.63},{"text":"by","start":4439.63,"end":4439.75},{"text":"13.7%","start":4439.75,"end":4439.79},{"text":"to","start":4440.47,"end":4440.63},{"text":"4.4","start":4440.63,"end":4441.35},{"text":"trillion","start":4441.35,"end":4441.83},{"text":"US","start":4441.87,"end":4442.07},{"text":"dollars,","start":4442.07,"end":4442.55},{"text":"while","start":4442.91,"end":4443.19},{"text":"FDI","start":4443.19,"end":4443.67},{"text":"inflows","start":4443.67,"end":4444.15},{"text":"increased","start":4444.15,"end":4444.75},{"text":"by","start":4444.75,"end":4444.87},{"text":"10.1%","start":4444.87,"end":4446.31},{"text":"to","start":4446.87,"end":4447.03},{"text":"245.7","start":4447.19,"end":4448.71},{"text":"billion","start":4448.71,"end":4449.11},{"text":"US","start":4449.11,"end":4449.27},{"text":"dollars.","start":4449.27,"end":4449.83}]},{"text":"Chair, under the Philippines chairship and the theme, Navigating Our Future Together, ASEAN seeks to strengthen connections towards shared prosperity.","start":4450.71,"end":4460.71,"topics":[],"words":[{"text":"Chair,","start":4450.71,"end":4451.19},{"text":"under","start":4452.03,"end":4452.27},{"text":"the","start":4452.27,"end":4452.35},{"text":"Philippines","start":4452.35,"end":4452.95},{"text":"chairship","start":4452.95,"end":4453.43},{"text":"and","start":4453.67,"end":4453.83},{"text":"the","start":4453.83,"end":4453.91},{"text":"theme,","start":4453.91,"end":4454.31},{"text":"Navigating","start":4454.31,"end":4455.19},{"text":"Our","start":4455.19,"end":4455.43},{"text":"Future","start":4455.43,"end":4455.75},{"text":"Together,","start":4455.75,"end":4456.39},{"text":"ASEAN","start":4456.99,"end":4457.51},{"text":"seeks","start":4457.51,"end":4457.91},{"text":"to","start":4458.11,"end":4458.19},{"text":"strengthen","start":4458.23,"end":4458.67},{"text":"connections","start":4458.67,"end":4459.27},{"text":"towards","start":4459.27,"end":4459.67},{"text":"shared","start":4459.67,"end":4459.99},{"text":"prosperity.","start":4459.99,"end":4460.71}]},{"text":"As 2026 marks the first year of implementation of ASEAN 2045, our shared future, ASEAN highlights three priorities.","start":4461.59,"end":4471.43,"topics":[],"words":[{"text":"As","start":4461.59,"end":4461.75},{"text":"2026","start":4461.75,"end":4463.03},{"text":"marks","start":4463.03,"end":4463.43},{"text":"the","start":4463.43,"end":4463.59},{"text":"first","start":4463.59,"end":4463.91},{"text":"year","start":4463.91,"end":4464.15},{"text":"of","start":4464.15,"end":4464.31},{"text":"implementation","start":4464.31,"end":4465.19},{"text":"of","start":4465.51,"end":4465.75},{"text":"ASEAN","start":4465.75,"end":4466.15},{"text":"2045,","start":4466.15,"end":4467.35},{"text":"our","start":4467.67,"end":4467.91},{"text":"shared","start":4467.91,"end":4468.23},{"text":"future,","start":4468.23,"end":4468.79},{"text":"ASEAN","start":4469.27,"end":4469.67},{"text":"highlights","start":4469.67,"end":4470.31},{"text":"three","start":4470.47,"end":4470.63},{"text":"priorities.","start":4470.63,"end":4471.43}]},{"text":"First, strengthening economic integration and safeguarding open and resilient trade.","start":4472.31,"end":4477.11,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"First,","start":4472.31,"end":4472.59},{"text":"strengthening","start":4472.59,"end":4473.35},{"text":"economic","start":4473.35,"end":4473.79},{"text":"integration","start":4473.79,"end":4474.47},{"text":"and","start":4474.47,"end":4474.63},{"text":"safeguarding","start":4474.63,"end":4475.43},{"text":"open","start":4475.43,"end":4476.07},{"text":"and","start":4476.07,"end":4476.31},{"text":"resilient","start":4476.31,"end":4476.83},{"text":"trade.","start":4476.83,"end":4477.11}]},{"text":"ASEAN remains committed to a rules-based multilateral trading system with the WTO at its core.","start":4478.15,"end":4484.79,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"ASEAN","start":4478.15,"end":4478.47},{"text":"remains","start":4478.47,"end":4479.03},{"text":"committed","start":4479.03,"end":4479.59},{"text":"to","start":4479.75,"end":4479.83},{"text":"a","start":4479.83,"end":4479.91},{"text":"rules-based","start":4479.91,"end":4480.71},{"text":"multilateral","start":4480.79,"end":4481.51},{"text":"trading","start":4481.51,"end":4481.83},{"text":"system","start":4481.83,"end":4482.31},{"text":"with","start":4482.63,"end":4482.83},{"text":"the","start":4482.83,"end":4482.91},{"text":"WTO","start":4482.91,"end":4483.75},{"text":"at","start":4483.91,"end":4484.15},{"text":"its","start":4484.15,"end":4484.39},{"text":"core.","start":4484.39,"end":4484.79}]},{"text":"ASEAN underscored working together to advance WTO reform.","start":4485.59,"end":4489.35,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"ASEAN","start":4485.59,"end":4485.91},{"text":"underscored","start":4485.91,"end":4486.59},{"text":"working","start":4486.59,"end":4487.03},{"text":"together","start":4487.03,"end":4487.43},{"text":"to","start":4487.43,"end":4487.59},{"text":"advance","start":4487.59,"end":4488.15},{"text":"WTO","start":4488.23,"end":4488.79},{"text":"reform.","start":4488.79,"end":4489.35}]},{"text":"ASEAN will strengthen energy security and connectivity, including through the ASEAN Power Grid.","start":4490.27,"end":4495.59,"topics":[],"words":[{"text":"ASEAN","start":4490.27,"end":4490.71},{"text":"will","start":4490.71,"end":4490.87},{"text":"strengthen","start":4490.87,"end":4491.35},{"text":"energy","start":4491.35,"end":4491.75},{"text":"security","start":4491.75,"end":4492.39},{"text":"and","start":4492.39,"end":4492.55},{"text":"connectivity,","start":4492.55,"end":4493.35},{"text":"including","start":4493.67,"end":4494.23},{"text":"through","start":4494.23,"end":4494.39},{"text":"the","start":4494.39,"end":4494.51},{"text":"ASEAN","start":4494.51,"end":4494.95},{"text":"Power","start":4494.95,"end":4495.27},{"text":"Grid.","start":4495.27,"end":4495.59}]},{"text":"ASEAN is working towards the entry into force of the upgraded ATIGA, while leveraging the Regional Comprehensive Economic Partnership and promoting MSME participation in global value chains.","start":4496.39,"end":4509.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"ASEAN","start":4496.39,"end":4496.71},{"text":"is","start":4496.71,"end":4496.79},{"text":"working","start":4496.79,"end":4497.27},{"text":"towards","start":4497.27,"end":4497.59},{"text":"the","start":4497.59,"end":4497.67},{"text":"entry","start":4497.67,"end":4498.03},{"text":"into","start":4498.03,"end":4498.31},{"text":"force","start":4498.31,"end":4498.79},{"text":"of","start":4498.79,"end":4499.03},{"text":"the","start":4499.03,"end":4499.15},{"text":"upgraded","start":4499.15,"end":4499.71},{"text":"ATIGA,","start":4499.71,"end":4500.43},{"text":"while","start":4501.03,"end":4501.39},{"text":"leveraging","start":4501.39,"end":4501.99},{"text":"the","start":4501.99,"end":4502.15},{"text":"Regional","start":4502.15,"end":4502.55},{"text":"Comprehensive","start":4502.55,"end":4503.19},{"text":"Economic","start":4503.19,"end":4503.67},{"text":"Partnership","start":4503.67,"end":4504.23},{"text":"and","start":4504.55,"end":4504.79},{"text":"promoting","start":4504.79,"end":4505.51},{"text":"MSME","start":4505.59,"end":4506.47},{"text":"participation","start":4506.47,"end":4507.43},{"text":"in","start":4507.67,"end":4507.83},{"text":"global","start":4507.83,"end":4508.23},{"text":"value","start":4508.23,"end":4508.55},{"text":"chains.","start":4508.55,"end":4509.03}]},{"text":"Second, mobilizing investment and financing for a sustainable and resilient future.","start":4510.07,"end":4514.79,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and 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has prioritized sustainable and resilient ASEAN capital markets, regional payment connectivity, and financial health.","start":4541.71,"end":4548.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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one year ago, we came before this committee following the adoption of the Seville Commitment with a simple 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Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Crossing","start":4711.59,"end":4712.07},{"text":"an","start":4712.07,"end":4712.15},{"text":"income","start":4712.15,"end":4712.47},{"text":"threshold","start":4712.47,"end":4712.87},{"text":"does","start":4712.87,"end":4713.03},{"text":"not","start":4713.03,"end":4713.23},{"text":"make","start":4713.23,"end":4713.47},{"text":"our","start":4713.47,"end":4713.59},{"text":"countries","start":4713.59,"end":4713.99},{"text":"less","start":4713.99,"end":4714.23},{"text":"exposed","start":4714.23,"end":4714.63},{"text":"to","start":4714.63,"end":4714.95},{"text":"climate","start":4715.23,"end":4715.67},{"text":"disasters,","start":4715.67,"end":4716.47},{"text":"sea","start":4716.67,"end":4717.03},{"text":"level","start":4717.03,"end":4717.27},{"text":"rise,","start":4717.27,"end":4717.71},{"text":"or","start":4717.71,"end":4717.83},{"text":"external","start":4717.83,"end":4718.31},{"text":"shocks.","start":4718.31,"end":4718.79}]},{"text":"Yet, Chair, income continues to play an outsized role in determining access to concessional resources and international support.","start":4719.47,"end":4728.11,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Similarly,","start":4746.79,"end":4747.51},{"text":"graduation","start":4747.51,"end":4748.27},{"text":"from","start":4748.27,"end":4748.47},{"text":"development","start":4748.47,"end":4749.03},{"text":"assistance","start":4749.03,"end":4749.75},{"text":"must","start":4749.75,"end":4750.07},{"text":"reflect","start":4750.07,"end":4750.51},{"text":"readiness","start":4750.63,"end":4751.19},{"text":"and","start":4751.19,"end":4751.43},{"text":"resilience","start":4751.43,"end":4752.15},{"text":"and","start":4752.47,"end":4752.67},{"text":"must","start":4752.67,"end":4752.91},{"text":"never","start":4752.91,"end":4753.27},{"text":"become","start":4753.27,"end":4753.83},{"text":"a","start":4753.99,"end":4754.03},{"text":"financial","start":4754.03,"end":4754.67},{"text":"cliff.","start":4754.67,"end":4755.03}]},{"text":"Such an economic precipice only lends itself to greater uncertainty and greater debt, and the urgency of reform is nowhere clearer than in debt.","start":4755.59,"end":4765.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Such","start":4755.59,"end":4755.95},{"text":"an","start":4755.95,"end":4756.07},{"text":"economic","start":4756.07,"end":4756.63},{"text":"precipice","start":4757.19,"end":4757.91},{"text":"only","start":4758.15,"end":4758.47},{"text":"lends","start":4758.47,"end":4758.83},{"text":"itself","start":4758.87,"end":4759.27},{"text":"to","start":4759.27,"end":4759.39},{"text":"greater","start":4759.39,"end":4759.91},{"text":"uncertainty","start":4760.19,"end":4760.95},{"text":"and","start":4760.95,"end":4761.23},{"text":"greater","start":4761.23,"end":4761.51},{"text":"debt,","start":4761.51,"end":4761.99},{"text":"and","start":4762.23,"end":4762.43},{"text":"the","start":4762.43,"end":4762.51},{"text":"urgency","start":4762.51,"end":4763.07},{"text":"of","start":4763.07,"end":4763.19},{"text":"reform","start":4763.19,"end":4763.67},{"text":"is","start":4763.67,"end":4763.87},{"text":"nowhere","start":4763.87,"end":4764.23},{"text":"clearer","start":4764.23,"end":4764.55},{"text":"than","start":4764.55,"end":4764.79},{"text":"in","start":4764.79,"end":4764.87},{"text":"debt.","start":4764.87,"end":4765.35}]},{"text":"For SIDS, scarce public resources continue to flow away from development towards debt service, from debt often incurred following climate disasters not of our own making.","start":4765.83,"end":4775.83,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"For","start":4765.83,"end":4765.99},{"text":"SIDS,","start":4765.99,"end":4766.43},{"text":"scarce","start":4766.43,"end":4767.03},{"text":"public","start":4767.27,"end":4767.63},{"text":"resources","start":4767.63,"end":4768.15},{"text":"continue","start":4768.15,"end":4768.63},{"text":"to","start":4768.63,"end":4768.75},{"text":"flow","start":4768.75,"end":4768.99},{"text":"away","start":4768.99,"end":4769.27},{"text":"from","start":4769.27,"end":4769.51},{"text":"development","start":4769.51,"end":4770.11},{"text":"towards","start":4770.11,"end":4770.47},{"text":"debt","start":4770.47,"end":4770.71},{"text":"service,","start":4770.71,"end":4771.27},{"text":"from","start":4771.67,"end":4771.91},{"text":"debt","start":4771.91,"end":4772.23},{"text":"often","start":4772.23,"end":4772.79},{"text":"incurred","start":4772.79,"end":4773.27},{"text":"following","start":4773.27,"end":4773.63},{"text":"climate","start":4773.63,"end":4773.95},{"text":"disasters","start":4773.95,"end":4774.63},{"text":"not","start":4774.63,"end":4774.87},{"text":"of","start":4774.87,"end":4775.03},{"text":"our","start":4775.03,"end":4775.15},{"text":"own","start":4775.15,"end":4775.35},{"text":"making.","start":4775.35,"end":4775.83}]},{"text":"In this regard, AOSIS reiterates our call for reform of the G20 common framework, including expanding its accessibility to SIDS irrespective of income classification and for the full operationalization of the SIDS Debt Sustainability Support Service.","start":4776.35,"end":4791.47,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"In","start":4776.35,"end":4776.55},{"text":"this","start":4776.55,"end":4776.83},{"text":"regard,","start":4776.83,"end":4777.19},{"text":"AOSIS","start":4777.19,"end":4777.95},{"text":"reiterates","start":4777.95,"end":4778.31},{"text":"our","start":4778.31,"end":4778.43},{"text":"call","start":4778.43,"end":4778.67},{"text":"for","start":4778.67,"end":4778.95},{"text":"reform","start":4778.95,"end":4779.39},{"text":"of","start":4779.39,"end":4779.47},{"text":"the","start":4779.47,"end":4779.55},{"text":"G20","start":4779.55,"end":4780.11},{"text":"common","start":4780.11,"end":4780.43},{"text":"framework,","start":4780.43,"end":4780.99},{"text":"including","start":4781.31,"end":4781.87},{"text":"expanding","start":4781.87,"end":4782.59},{"text":"its","start":4782.59,"end":4782.83},{"text":"accessibility","start":4782.83,"end":4783.63},{"text":"to","start":4783.63,"end":4783.79},{"text":"SIDS","start":4783.79,"end":4784.19},{"text":"irrespective","start":4784.19,"end":4784.99},{"text":"of","start":4784.99,"end":4785.07},{"text":"income","start":4785.07,"end":4785.47},{"text":"classification","start":4785.47,"end":4786.51},{"text":"and","start":4786.83,"end":4786.99},{"text":"for","start":4786.99,"end":4787.15},{"text":"the","start":4787.15,"end":4787.31},{"text":"full","start":4787.31,"end":4787.63},{"text":"operationalization","start":4787.63,"end":4788.83},{"text":"of","start":4788.83,"end":4788.91},{"text":"the","start":4788.91,"end":4788.99},{"text":"SIDS","start":4788.99,"end":4789.39},{"text":"Debt","start":4789.39,"end":4789.67},{"text":"Sustainability","start":4789.67,"end":4790.43},{"text":"Support","start":4790.43,"end":4790.91},{"text":"Service.","start":4790.91,"end":4791.47}]},{"text":"We also look forward to meaningful progress to the United Nations intergovernmental process on sovereign debt.","start":4791.95,"end":4797.47,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"That","start":4797.95,"end":4798.23},{"text":"process","start":4798.23,"end":4798.67},{"text":"must","start":4798.67,"end":4798.95},{"text":"be","start":4798.95,"end":4799.07},{"text":"ambitious","start":4799.07,"end":4799.71},{"text":"and","start":4799.71,"end":4799.83},{"text":"move","start":4799.83,"end":4800.03},{"text":"us","start":4800.03,"end":4800.19},{"text":"towards","start":4800.19,"end":4800.51},{"text":"an","start":4800.55,"end":4800.63},{"text":"international","start":4800.63,"end":4801.39},{"text":"debt","start":4801.47,"end":4801.71},{"text":"architecture","start":4801.79,"end":4802.43},{"text":"that","start":4802.43,"end":4802.67},{"text":"is","start":4802.67,"end":4802.83},{"text":"fair,","start":4802.83,"end":4803.23},{"text":"predictable,","start":4803.63,"end":4804.43},{"text":"timely,","start":4804.59,"end":4805.15},{"text":"and","start":4805.15,"end":4805.43},{"text":"development-oriented.","start":4805.43,"end":4806.59}]},{"text":"Mr. Chair, we must equally address the conditions that make financing more expensive for our countries.","start":4807.23,"end":4812.91,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Mr.","start":4807.23,"end":4807.63},{"text":"Chair,","start":4807.63,"end":4807.87},{"text":"we","start":4807.87,"end":4808.03},{"text":"must","start":4808.03,"end":4808.35},{"text":"equally","start":4808.35,"end":4808.83},{"text":"address","start":4808.87,"end":4809.31},{"text":"the","start":4809.31,"end":4809.39},{"text":"conditions","start":4809.39,"end":4810.11},{"text":"that","start":4810.11,"end":4810.27},{"text":"make","start":4810.27,"end":4810.47},{"text":"financing","start":4810.47,"end":4811.07},{"text":"more","start":4811.07,"end":4811.39},{"text":"expensive","start":4811.39,"end":4811.99},{"text":"for","start":4811.99,"end":4812.19},{"text":"our","start":4812.19,"end":4812.27},{"text":"countries.","start":4812.27,"end":4812.91}]},{"text":"The discussions this year on sovereign credit ratings have highlighted longstanding concerns for CITS around access, transparency, and the treatment of structural vulnerability.","start":4813.43,"end":4824.15,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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want to focus on operationalising this landmark agreement rather than relitigating and renegotiating the same issues through resolutions under items 15 and 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must give the Seville commitment the space and the chance to succeed and to drive the direction of development finance for the decade as envisaged.","start":4945.63,"end":4954.83,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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we can adequately focus on protecting what was agreed in Seville, the international community will be better placed to make progress on the SDG financing gap.","start":4956.19,"end":4965.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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as we heard from our keynote speaker on Monday, Diversifying the sources of financing in support of sustainable development is critical.","start":4967.23,"end":4976.35,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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of everything that we do here.","start":5017.47,"end":5021.11,"topics":[],"words":[{"text":"Third,","start":5017.47,"end":5018.03},{"text":"impact","start":5018.51,"end":5018.95},{"text":"should","start":5018.95,"end":5019.11},{"text":"be","start":5019.11,"end":5019.23},{"text":"at","start":5019.23,"end":5019.31},{"text":"the","start":5019.31,"end":5019.39},{"text":"centre","start":5019.39,"end":5019.83},{"text":"of","start":5019.83,"end":5019.95},{"text":"everything","start":5019.95,"end":5020.43},{"text":"that","start":5020.43,"end":5020.55},{"text":"we","start":5020.55,"end":5020.67},{"text":"do","start":5020.67,"end":5020.83},{"text":"here.","start":5020.83,"end":5021.11}]},{"text":"Cairns wants to see inclusion remain a focus of discussions under these 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equality.","start":5027.95,"end":5036.91,"topics":[],"words":[{"text":"If","start":5027.95,"end":5028.19},{"text":"our","start":5028.19,"end":5028.27},{"text":"societies","start":5028.27,"end":5028.99},{"text":"are","start":5028.99,"end":5029.31},{"text":"to","start":5029.31,"end":5029.43},{"text":"prosper","start":5029.43,"end":5030.03},{"text":"and","start":5030.43,"end":5030.67},{"text":"economic","start":5030.67,"end":5031.23},{"text":"and","start":5031.23,"end":5031.39},{"text":"development","start":5031.39,"end":5031.83},{"text":"gains","start":5031.83,"end":5032.27},{"text":"are","start":5032.27,"end":5032.51},{"text":"to","start":5032.51,"end":5032.63},{"text":"be","start":5032.63,"end":5032.75},{"text":"sustainable,","start":5032.75,"end":5033.55},{"text":"we","start":5033.87,"end":5034.03},{"text":"must","start":5034.03,"end":5034.39},{"text":"advance","start":5034.39,"end":5034.83},{"text":"equality,","start":5034.83,"end":5035.47},{"text":"including","start":5035.63,"end":5036.11},{"text":"gender","start":5036.11,"end":5036.43},{"text":"equality.","start":5036.43,"end":5036.91}]},{"text":"We can also help ensure the impact of our work by focusing on the specific value add the second committee can contribute and ensuring our incomes are meaningful, our outcomes are meaningful and relevant to our 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new processes, expanding institutional roles or convening new dialogues where forums already exist risk diluting our efforts, fragmenting resources, attention and our impact, and ultimately undermining 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means streamlining texts, greater discipline, clarity and brevity in creating mandates, supported by concept notes and introducing mandate review clauses and sunset and retirement 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is not simply a box ticking exercise.","start":5091.19,"end":5093.43,"topics":[],"words":[{"text":"This","start":5091.19,"end":5091.35},{"text":"is","start":5091.35,"end":5091.43},{"text":"not","start":5091.43,"end":5091.59},{"text":"simply","start":5091.59,"end":5091.99},{"text":"a","start":5091.99,"end":5092.03},{"text":"box","start":5092.03,"end":5092.35},{"text":"ticking","start":5092.35,"end":5092.63},{"text":"exercise.","start":5092.63,"end":5093.43}]},{"text":"Concept notes for new mandates, as outlined and agreed by member states, should provide the rationale, objectives, and expected impact of a new mandate, how the mandate fits within the existing mandate landscape, indicative financial implications, the technical secretariat focal point, and a UN system implementation lead, as well as the mandate implementation 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we are not calling for review and retirement clauses for the sake of it.","start":5118.47,"end":5122.39,"topics":[],"words":[{"text":"Similarly,","start":5118.47,"end":5119.11},{"text":"we","start":5119.11,"end":5119.27},{"text":"are","start":5119.27,"end":5119.35},{"text":"not","start":5119.35,"end":5119.59},{"text":"calling","start":5119.59,"end":5120.07},{"text":"for","start":5120.07,"end":5120.23},{"text":"review","start":5120.23,"end":5120.71},{"text":"and","start":5120.71,"end":5120.87},{"text":"retirement","start":5120.87,"end":5121.31},{"text":"clauses","start":5121.31,"end":5121.75},{"text":"for","start":5121.75,"end":5121.87},{"text":"the","start":5121.87,"end":5121.95},{"text":"sake","start":5121.95,"end":5122.19},{"text":"of","start":5122.19,"end":5122.27},{"text":"it.","start":5122.27,"end":5122.39}]},{"text":"Review clauses mean that work to progress a mandate is evaluated, supporting better accountability for the promises we 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committed to these actions and we need to deliver if we are to make Second Committee and these outcomes meaningful and 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Cairns.","start":5144.35,"end":5148.99,"topics":[],"words":[{"text":"I","start":5144.35,"end":5144.67},{"text":"thank","start":5144.67,"end":5144.83},{"text":"the","start":5144.83,"end":5144.91},{"text":"representative","start":5144.91,"end":5145.47},{"text":"of","start":5145.47,"end":5145.63},{"text":"Australia,","start":5145.63,"end":5146.19},{"text":"speaking","start":5146.19,"end":5146.75},{"text":"on","start":5146.75,"end":5146.91},{"text":"behalf","start":5146.91,"end":5147.39},{"text":"of","start":5147.39,"end":5147.71},{"text":"Cairns.","start":5148.35,"end":5148.99}]},{"text":"I now give the floor to the distinguished permanent representative of Jamaica, speaking on behalf of the Caribbean community.","start":5149.55,"end":5155.63,"topics":[],"words":[{"text":"I","start":5149.55,"end":5149.95},{"text":"now","start":5149.95,"end":5150.27},{"text":"give","start":5150.27,"end":5150.43},{"text":"the","start":5150.43,"end":5150.51},{"text":"floor","start":5150.51,"end":5150.75},{"text":"to","start":5150.75,"end":5150.83},{"text":"the","start":5150.83,"end":5150.95},{"text":"distinguished","start":5150.95,"end":5151.47},{"text":"permanent","start":5151.47,"end":5151.83},{"text":"representative","start":5151.83,"end":5152.43},{"text":"of","start":5152.43,"end":5152.75},{"text":"Jamaica,","start":5152.75,"end":5153.39},{"text":"speaking","start":5153.39,"end":5153.79},{"text":"on","start":5153.79,"end":5153.87},{"text":"behalf","start":5153.87,"end":5154.31},{"text":"of","start":5154.31,"end":5154.43},{"text":"the","start":5154.43,"end":5154.59},{"text":"Caribbean","start":5154.59,"end":5155.11},{"text":"community.","start":5155.11,"end":5155.63}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":28,"start":5157.63,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:25:58","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":5157.63,"end":5158.27,"topics":[],"words":[{"text":"Thank","start":5157.63,"end":5157.87},{"text":"you,","start":5157.87,"end":5157.95},{"text":"Chair.","start":5157.95,"end":5158.27}]},{"text":"I do have the honor to deliver this statement on behalf of the 14 member states of the Caribbean community, and we align with the statements of G77 and China and AOSIS.","start":5158.67,"end":5168.71,"topics":[],"words":[{"text":"I","start":5158.67,"end":5158.71},{"text":"do","start":5158.71,"end":5158.91},{"text":"have","start":5158.91,"end":5159.07},{"text":"the","start":5159.07,"end":5159.19},{"text":"honor","start":5159.19,"end":5159.39},{"text":"to","start":5159.39,"end":5159.47},{"text":"deliver","start":5159.47,"end":5159.79},{"text":"this","start":5159.79,"end":5159.99},{"text":"statement","start":5159.99,"end":5160.43},{"text":"on","start":5160.43,"end":5160.59},{"text":"behalf","start":5160.59,"end":5160.91},{"text":"of","start":5160.91,"end":5160.99},{"text":"the","start":5160.99,"end":5161.11},{"text":"14","start":5161.11,"end":5161.71},{"text":"member","start":5161.71,"end":5161.95},{"text":"states","start":5161.95,"end":5162.23},{"text":"of","start":5162.23,"end":5162.35},{"text":"the","start":5162.35,"end":5162.43},{"text":"Caribbean","start":5162.43,"end":5162.83},{"text":"community,","start":5162.83,"end":5163.39},{"text":"and","start":5163.83,"end":5163.95},{"text":"we","start":5163.95,"end":5164.07},{"text":"align","start":5164.07,"end":5164.51},{"text":"with","start":5164.51,"end":5164.71},{"text":"the","start":5164.71,"end":5164.79},{"text":"statements","start":5164.79,"end":5165.39},{"text":"of","start":5165.39,"end":5165.71},{"text":"G77","start":5166.19,"end":5166.99},{"text":"and","start":5166.99,"end":5167.11},{"text":"China","start":5167.11,"end":5167.55},{"text":"and","start":5167.55,"end":5167.83},{"text":"AOSIS.","start":5167.83,"end":5168.71}]},{"text":"For Caribbean countries, small domestic markets, narrow production and export bases, and the dependence on external trade leave limited room to absorb shocks.","start":5169.59,"end":5179.99,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"For","start":5169.59,"end":5169.75},{"text":"Caribbean","start":5169.75,"end":5170.23},{"text":"countries,","start":5170.23,"end":5170.79},{"text":"small","start":5170.95,"end":5171.39},{"text":"domestic","start":5171.39,"end":5171.83},{"text":"markets,","start":5171.83,"end":5172.39},{"text":"narrow","start":5172.47,"end":5172.87},{"text":"production","start":5172.87,"end":5173.59},{"text":"and","start":5173.59,"end":5173.75},{"text":"export","start":5173.75,"end":5174.15},{"text":"bases,","start":5174.15,"end":5174.71},{"text":"and","start":5175.27,"end":5175.39},{"text":"the","start":5175.39,"end":5175.47},{"text":"dependence","start":5175.47,"end":5176.23},{"text":"on","start":5176.23,"end":5176.39},{"text":"external","start":5176.43,"end":5176.87},{"text":"trade","start":5176.87,"end":5177.43},{"text":"leave","start":5177.51,"end":5177.83},{"text":"limited","start":5177.83,"end":5178.23},{"text":"room","start":5178.23,"end":5178.71},{"text":"to","start":5178.87,"end":5178.99},{"text":"absorb","start":5179.03,"end":5179.51},{"text":"shocks.","start":5179.51,"end":5179.99}]},{"text":"Intensifying climate-related disasters often result in losses far beyond our fiscal capacity, while disruptions to tourism, supply chains, and food and energy imports rapidly erode revenues and raise costs.","start":5180.63,"end":5194.87,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"Intensifying","start":5180.63,"end":5181.67},{"text":"climate-related","start":5181.83,"end":5182.67},{"text":"disasters","start":5182.67,"end":5183.43},{"text":"often","start":5183.43,"end":5183.91},{"text":"result","start":5183.91,"end":5184.31},{"text":"in","start":5184.31,"end":5184.47},{"text":"losses","start":5184.47,"end":5185.03},{"text":"far","start":5185.03,"end":5185.43},{"text":"beyond","start":5185.43,"end":5185.91},{"text":"our","start":5185.91,"end":5186.07},{"text":"fiscal","start":5186.07,"end":5186.47},{"text":"capacity,","start":5186.47,"end":5187.11},{"text":"while","start":5187.63,"end":5187.87},{"text":"disruptions","start":5187.87,"end":5188.47},{"text":"to","start":5188.47,"end":5188.55},{"text":"tourism,","start":5188.55,"end":5189.19},{"text":"supply","start":5189.43,"end":5189.91},{"text":"chains,","start":5189.91,"end":5190.39},{"text":"and","start":5190.55,"end":5190.79},{"text":"food","start":5190.79,"end":5191.07},{"text":"and","start":5191.07,"end":5191.27},{"text":"energy","start":5191.27,"end":5191.63},{"text":"imports","start":5191.63,"end":5192.15},{"text":"rapidly","start":5192.15,"end":5192.67},{"text":"erode","start":5192.67,"end":5193.11},{"text":"revenues","start":5193.11,"end":5193.83},{"text":"and","start":5193.83,"end":5193.99},{"text":"raise","start":5193.99,"end":5194.31},{"text":"costs.","start":5194.31,"end":5194.87}]},{"text":"These pressures lead to increased borrowing, which perpetuate a cycle of debt and significantly constrains our fiscal space to invest in sustainable development.","start":5195.67,"end":5204.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"These","start":5195.67,"end":5195.83},{"text":"pressures","start":5195.83,"end":5196.23},{"text":"lead","start":5196.23,"end":5196.39},{"text":"to","start":5196.39,"end":5196.55},{"text":"increased","start":5196.55,"end":5197.03},{"text":"borrowing,","start":5197.03,"end":5197.67},{"text":"which","start":5197.79,"end":5197.99},{"text":"perpetuate","start":5197.99,"end":5198.75},{"text":"a","start":5198.75,"end":5198.79},{"text":"cycle","start":5198.79,"end":5199.23},{"text":"of","start":5199.23,"end":5199.35},{"text":"debt","start":5199.35,"end":5199.75},{"text":"and","start":5199.99,"end":5200.15},{"text":"significantly","start":5200.15,"end":5200.79},{"text":"constrains","start":5200.79,"end":5201.43},{"text":"our","start":5201.43,"end":5201.59},{"text":"fiscal","start":5201.59,"end":5202.07},{"text":"space","start":5202.07,"end":5202.55},{"text":"to","start":5202.79,"end":5202.91},{"text":"invest","start":5202.91,"end":5203.35},{"text":"in","start":5203.35,"end":5203.51},{"text":"sustainable","start":5203.51,"end":5203.99},{"text":"development.","start":5203.99,"end":5204.51}]},{"text":"For CARICOM, the full and timely implementation of the Seville commitment to address the financing constraints that perpetuate this cycle remains critical.","start":5204.51,"end":5214.87,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"For","start":5204.51,"end":5204.63},{"text":"CARICOM,","start":5205.59,"end":5206.63},{"text":"the","start":5206.63,"end":5206.75},{"text":"full","start":5206.75,"end":5207.11},{"text":"and","start":5207.11,"end":5207.35},{"text":"timely","start":5207.35,"end":5207.83},{"text":"implementation","start":5208.23,"end":5209.03},{"text":"of","start":5209.03,"end":5209.15},{"text":"the","start":5209.15,"end":5209.23},{"text":"Seville","start":5209.23,"end":5209.67},{"text":"commitment","start":5209.67,"end":5210.23},{"text":"to","start":5210.63,"end":5210.75},{"text":"address","start":5210.75,"end":5211.11},{"text":"the","start":5211.11,"end":5211.19},{"text":"financing","start":5211.19,"end":5211.75},{"text":"constraints","start":5211.75,"end":5212.35},{"text":"that","start":5212.35,"end":5212.47},{"text":"perpetuate","start":5212.47,"end":5213.19},{"text":"this","start":5213.19,"end":5213.47},{"text":"cycle","start":5213.47,"end":5213.83},{"text":"remains","start":5213.99,"end":5214.39},{"text":"critical.","start":5214.39,"end":5214.87}]},{"text":"Its commitments on debt sustainability, more accessible development finance, and investment in resilience are directly relevant to our ability to protect public services and finance long-term development.","start":5216.11,"end":5228.83,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Its","start":5216.11,"end":5216.27},{"text":"commitments","start":5216.27,"end":5216.83},{"text":"on","start":5216.83,"end":5216.91},{"text":"debt","start":5216.91,"end":5217.15},{"text":"sustainability,","start":5217.15,"end":5217.95},{"text":"more","start":5218.11,"end":5218.43},{"text":"accessible","start":5218.43,"end":5218.91},{"text":"development","start":5218.91,"end":5219.47},{"text":"finance,","start":5219.47,"end":5219.95},{"text":"and","start":5220.27,"end":5220.43},{"text":"investment","start":5220.43,"end":5221.07},{"text":"in","start":5221.07,"end":5221.19},{"text":"resilience","start":5221.19,"end":5221.95},{"text":"are","start":5222.27,"end":5222.43},{"text":"directly","start":5222.43,"end":5223.03},{"text":"relevant","start":5223.03,"end":5223.99},{"text":"to","start":5223.99,"end":5224.27},{"text":"our","start":5224.27,"end":5224.35},{"text":"ability","start":5224.35,"end":5224.91},{"text":"to","start":5224.91,"end":5225.03},{"text":"protect","start":5225.03,"end":5225.55},{"text":"public","start":5225.63,"end":5225.99},{"text":"services","start":5225.99,"end":5226.67},{"text":"and","start":5226.83,"end":5227.15},{"text":"finance","start":5227.15,"end":5227.63},{"text":"long-term","start":5227.63,"end":5228.15},{"text":"development.","start":5228.15,"end":5228.83}]},{"text":"An inclusive, fair, transparent, efficient, equitable, and effective international tax system also remains essential to mobilizing resources for sustainable development.","start":5229.59,"end":5241.39,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"An","start":5229.59,"end":5229.71},{"text":"inclusive,","start":5229.71,"end":5230.43},{"text":"fair,","start":5230.51,"end":5231.07},{"text":"transparent,","start":5231.15,"end":5232.03},{"text":"efficient,","start":5232.11,"end":5232.75},{"text":"equitable,","start":5232.83,"end":5233.55},{"text":"and","start":5233.55,"end":5233.79},{"text":"effective","start":5233.79,"end":5234.59},{"text":"international","start":5234.75,"end":5235.39},{"text":"tax","start":5235.39,"end":5235.67},{"text":"system","start":5235.67,"end":5236.19},{"text":"also","start":5236.59,"end":5236.99},{"text":"remains","start":5236.99,"end":5237.47},{"text":"essential","start":5237.47,"end":5238.19},{"text":"to","start":5238.43,"end":5238.59},{"text":"mobilizing","start":5238.59,"end":5239.39},{"text":"resources","start":5239.39,"end":5239.95},{"text":"for","start":5239.95,"end":5240.27},{"text":"sustainable","start":5240.27,"end":5240.79},{"text":"development.","start":5240.79,"end":5241.39}]},{"text":"Negotiations on a United Nations framework convention on international tax cooperation provides an opportunity to advance such a system, complementing implementation of the Seville commitment.","start":5242.31,"end":5253.67,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"Negotiations","start":5242.31,"end":5243.11},{"text":"on","start":5243.11,"end":5243.27},{"text":"a","start":5243.27,"end":5243.31},{"text":"United","start":5243.31,"end":5243.71},{"text":"Nations","start":5243.71,"end":5244.11},{"text":"framework","start":5244.11,"end":5244.59},{"text":"convention","start":5244.59,"end":5245.11},{"text":"on","start":5245.11,"end":5245.27},{"text":"international","start":5245.27,"end":5245.83},{"text":"tax","start":5245.83,"end":5246.11},{"text":"cooperation","start":5246.11,"end":5246.87},{"text":"provides","start":5247.19,"end":5247.59},{"text":"an","start":5247.59,"end":5247.67},{"text":"opportunity","start":5247.67,"end":5248.47},{"text":"to","start":5248.71,"end":5248.83},{"text":"advance","start":5248.87,"end":5249.55},{"text":"such","start":5249.55,"end":5249.67},{"text":"a","start":5249.67,"end":5249.75},{"text":"system,","start":5249.75,"end":5250.23},{"text":"complementing","start":5250.55,"end":5251.35},{"text":"implementation","start":5251.35,"end":5252.23},{"text":"of","start":5252.31,"end":5252.55},{"text":"the","start":5252.55,"end":5252.63},{"text":"Seville","start":5252.63,"end":5253.03},{"text":"commitment.","start":5253.03,"end":5253.67}]},{"text":"The inertia of the international financial architecture reform demands urgent attention.","start":5255.03,"end":5260.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"The","start":5255.03,"end":5255.15},{"text":"inertia","start":5255.15,"end":5255.63},{"text":"of","start":5255.63,"end":5255.83},{"text":"the","start":5255.83,"end":5255.91},{"text":"international","start":5255.91,"end":5256.39},{"text":"financial","start":5256.39,"end":5256.87},{"text":"architecture","start":5256.87,"end":5257.55},{"text":"reform","start":5257.55,"end":5258.15},{"text":"demands","start":5258.47,"end":5259.11},{"text":"urgent","start":5259.19,"end":5259.55},{"text":"attention.","start":5259.55,"end":5260.15}]},{"text":"CARICOM maintains that strengthened participation of developing countries in international economic decision-making, norm setting, and global economic governance remains critical in ensuring that the system is able to deliver.","start":5260.27,"end":5274.91,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial 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reiterates its call for affordable, predictable financing, including dedicated concessional windows for small island developing states and simpler access to development and climate finance.","start":5275.39,"end":5287.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"CARICOM","start":5275.39,"end":5276.43},{"text":"reiterates","start":5276.43,"end":5277.07},{"text":"its","start":5277.07,"end":5277.23},{"text":"call","start":5277.23,"end":5277.71},{"text":"for","start":5277.79,"end":5278.11},{"text":"affordable,","start":5278.11,"end":5278.91},{"text":"predictable","start":5279.07,"end":5279.63},{"text":"financing,","start":5279.63,"end":5280.27},{"text":"including","start":5280.59,"end":5281.07},{"text":"dedicated","start":5281.07,"end":5281.63},{"text":"concessional","start":5281.63,"end":5282.27},{"text":"windows","start":5282.27,"end":5282.83},{"text":"for","start":5282.99,"end":5283.15},{"text":"small","start":5283.15,"end":5283.47},{"text":"island","start":5283.47,"end":5283.75},{"text":"developing","start":5283.75,"end":5284.19},{"text":"states","start":5284.19,"end":5284.67},{"text":"and","start":5284.99,"end":5285.15},{"text":"simpler","start":5285.15,"end":5285.71},{"text":"access","start":5285.71,"end":5286.11},{"text":"to","start":5286.11,"end":5286.23},{"text":"development","start":5286.23,"end":5286.83},{"text":"and","start":5286.83,"end":5287.03},{"text":"climate","start":5287.03,"end":5287.47},{"text":"finance.","start":5287.47,"end":5287.95}]},{"text":"We are concerned by the sharp decline in ODA and call upon our development partners to honor their commitments.","start":5288.59,"end":5295.55,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"We","start":5288.59,"end":5288.83},{"text":"are","start":5288.83,"end":5288.99},{"text":"concerned","start":5288.99,"end":5289.55},{"text":"by","start":5289.55,"end":5289.71},{"text":"the","start":5289.71,"end":5289.83},{"text":"sharp","start":5289.83,"end":5290.19},{"text":"decline","start":5290.19,"end":5290.83},{"text":"in","start":5290.83,"end":5290.99},{"text":"ODA","start":5290.99,"end":5291.55},{"text":"and","start":5291.95,"end":5292.11},{"text":"call","start":5292.11,"end":5292.43},{"text":"upon","start":5292.43,"end":5292.67},{"text":"our","start":5292.67,"end":5292.75},{"text":"development","start":5292.75,"end":5293.27},{"text":"partners","start":5293.27,"end":5293.87},{"text":"to","start":5294.03,"end":5294.15},{"text":"honor","start":5294.19,"end":5294.59},{"text":"their","start":5294.59,"end":5294.83},{"text":"commitments.","start":5294.83,"end":5295.55}]},{"text":"Chair, the international financial system's reliance on income-based metrics as a measure of development continue to disadvantage SIDS.","start":5296.95,"end":5304.79,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Chair,","start":5296.95,"end":5297.35},{"text":"the","start":5297.75,"end":5297.83},{"text":"international","start":5297.83,"end":5298.31},{"text":"financial","start":5298.31,"end":5298.71},{"text":"system's","start":5298.71,"end":5299.23},{"text":"reliance","start":5299.23,"end":5299.91},{"text":"on","start":5299.91,"end":5300.15},{"text":"income-based","start":5300.15,"end":5300.79},{"text":"metrics","start":5300.79,"end":5301.43},{"text":"as","start":5301.43,"end":5301.59},{"text":"a","start":5301.59,"end":5301.67},{"text":"measure","start":5301.67,"end":5301.99},{"text":"of","start":5301.99,"end":5302.07},{"text":"development","start":5302.07,"end":5302.71},{"text":"continue","start":5302.87,"end":5303.35},{"text":"to","start":5303.35,"end":5303.43},{"text":"disadvantage","start":5303.43,"end":5304.23},{"text":"SIDS.","start":5304.23,"end":5304.79}]},{"text":"Many are classified as middle and high income countries, but such classifications overlook our vulnerabilities and exclude us from concessional support precisely when it is most needed.","start":5305.75,"end":5316.71,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Many","start":5305.75,"end":5306.03},{"text":"are","start":5306.03,"end":5306.15},{"text":"classified","start":5306.15,"end":5306.71},{"text":"as","start":5306.71,"end":5306.87},{"text":"middle","start":5306.87,"end":5307.75},{"text":"and","start":5307.91,"end":5308.07},{"text":"high","start":5308.07,"end":5308.23},{"text":"income","start":5308.23,"end":5308.59},{"text":"countries,","start":5308.59,"end":5309.11},{"text":"but","start":5309.43,"end":5309.59},{"text":"such","start":5309.59,"end":5309.75},{"text":"classifications","start":5309.75,"end":5310.63},{"text":"overlook","start":5310.63,"end":5311.27},{"text":"our","start":5311.27,"end":5311.51},{"text":"vulnerabilities","start":5311.51,"end":5312.47},{"text":"and","start":5312.87,"end":5313.03},{"text":"exclude","start":5313.03,"end":5313.47},{"text":"us","start":5313.47,"end":5313.59},{"text":"from","start":5313.59,"end":5313.75},{"text":"concessional","start":5313.75,"end":5314.31},{"text":"support","start":5314.31,"end":5314.87},{"text":"precisely","start":5314.87,"end":5315.67},{"text":"when","start":5315.67,"end":5315.87},{"text":"it","start":5315.87,"end":5315.99},{"text":"is","start":5315.99,"end":5316.15},{"text":"most","start":5316.15,"end":5316.39},{"text":"needed.","start":5316.39,"end":5316.71}]},{"text":"CARICOM therefore calls for the full operationalization and practical application of the MVI, in the financing frameworks of international financial institutions and multilateral development banks, as well as the development and use of complementary measures of progress that go beyond GDP.","start":5316.95,"end":5335.23,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Increasing","start":5350.95,"end":5351.51},{"text":"debt","start":5351.51,"end":5351.67},{"text":"burdens","start":5351.67,"end":5352.31},{"text":"remain","start":5352.31,"end":5352.87},{"text":"a","start":5352.87,"end":5352.95},{"text":"major","start":5352.95,"end":5353.31},{"text":"challenge","start":5353.31,"end":5353.67},{"text":"to","start":5353.67,"end":5353.75},{"text":"public","start":5353.75,"end":5354.11},{"text":"investment","start":5354.11,"end":5354.71},{"text":"in","start":5354.79,"end":5355.03},{"text":"sustainable","start":5355.03,"end":5355.55},{"text":"development","start":5355.55,"end":5356.11},{"text":"in","start":5356.11,"end":5356.23},{"text":"our","start":5356.23,"end":5356.43},{"text":"region.","start":5356.43,"end":5356.87}]},{"text":"In this regard, we welcome the operationalization of the SIDS Debt Sustainability Support Service and call for adequate resources and effective delivery.","start":5357.75,"end":5366.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Debt","start":5367.19,"end":5367.43},{"text":"for","start":5367.43,"end":5367.59},{"text":"climate","start":5367.59,"end":5368.07},{"text":"and","start":5368.19,"end":5368.43},{"text":"debt","start":5368.43,"end":5368.63},{"text":"for","start":5368.63,"end":5368.79},{"text":"nature","start":5368.79,"end":5369.11},{"text":"swaps","start":5369.11,"end":5369.67},{"text":"should","start":5369.67,"end":5369.95},{"text":"generate","start":5369.95,"end":5370.47},{"text":"meaningful","start":5370.47,"end":5371.11},{"text":"fiscal","start":5371.11,"end":5371.51},{"text":"savings","start":5371.51,"end":5372.07},{"text":"with","start":5372.47,"end":5372.63},{"text":"transparent","start":5372.63,"end":5373.39},{"text":"terms","start":5373.39,"end":5373.99},{"text":"and","start":5374.15,"end":5374.39},{"text":"manageable","start":5374.39,"end":5374.87},{"text":"transaction","start":5374.87,"end":5375.51},{"text":"costs,","start":5375.51,"end":5375.99},{"text":"alongside","start":5376.47,"end":5377.11},{"text":"broader","start":5377.11,"end":5377.43},{"text":"solutions","start":5377.43,"end":5377.99},{"text":"where","start":5377.99,"end":5378.23},{"text":"debt","start":5378.23,"end":5378.47},{"text":"is","start":5378.47,"end":5378.71},{"text":"unsustainable.","start":5378.71,"end":5379.59}]},{"text":"Chair, the remaining years for the implementation of the 2030 Agenda must bring measurable progress in closing financial gaps and protecting the development gains of vulnerable countries.","start":5380.75,"end":5391.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Chair,","start":5380.75,"end":5381.15},{"text":"the","start":5381.23,"end":5381.39},{"text":"remaining","start":5381.39,"end":5381.87},{"text":"years","start":5381.87,"end":5382.19},{"text":"for","start":5382.19,"end":5382.35},{"text":"the","start":5382.35,"end":5382.47},{"text":"implementation","start":5382.47,"end":5383.07},{"text":"of","start":5383.07,"end":5383.15},{"text":"the","start":5383.15,"end":5383.23},{"text":"2030","start":5383.23,"end":5383.79},{"text":"Agenda","start":5383.79,"end":5384.27},{"text":"must","start":5384.59,"end":5384.87},{"text":"bring","start":5384.87,"end":5385.31},{"text":"measurable","start":5385.31,"end":5385.87},{"text":"progress","start":5385.87,"end":5386.35},{"text":"in","start":5386.35,"end":5386.51},{"text":"closing","start":5386.51,"end":5386.95},{"text":"financial","start":5386.95,"end":5387.43},{"text":"gaps","start":5387.43,"end":5387.87},{"text":"and","start":5388.27,"end":5388.47},{"text":"protecting","start":5388.47,"end":5388.91},{"text":"the","start":5388.91,"end":5389.03},{"text":"development","start":5389.03,"end":5389.55},{"text":"gains","start":5389.55,"end":5390.03},{"text":"of","start":5390.03,"end":5390.27},{"text":"vulnerable","start":5390.35,"end":5390.83},{"text":"countries.","start":5390.83,"end":5391.39}]},{"text":"As discussions look beyond 2030, CARICOM calls for continuity in support for small developing states and sustained implementation of the Antigua and Barbuda Abbas through 2034.","start":5392.19,"end":5406.59,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"As","start":5392.19,"end":5392.39},{"text":"discussions","start":5392.39,"end":5392.99},{"text":"look","start":5392.99,"end":5393.15},{"text":"beyond","start":5393.15,"end":5393.63},{"text":"2030,","start":5393.63,"end":5394.19},{"text":"CARICOM","start":5394.19,"end":5395.31},{"text":"calls","start":5395.31,"end":5395.63},{"text":"for","start":5395.63,"end":5395.87},{"text":"continuity","start":5395.87,"end":5396.67},{"text":"in","start":5396.91,"end":5397.07},{"text":"support","start":5397.07,"end":5397.71},{"text":"for","start":5397.71,"end":5397.87},{"text":"small","start":5397.87,"end":5398.19},{"text":"developing","start":5398.19,"end":5398.67},{"text":"states","start":5398.67,"end":5399.15},{"text":"and","start":5399.47,"end":5399.71},{"text":"sustained","start":5399.71,"end":5400.31},{"text":"implementation","start":5400.31,"end":5401.23},{"text":"of","start":5401.23,"end":5401.55},{"text":"the","start":5401.55,"end":5401.67},{"text":"Antigua","start":5401.71,"end":5402.11},{"text":"and","start":5402.11,"end":5402.23},{"text":"Barbuda","start":5402.23,"end":5402.83},{"text":"Abbas","start":5403.83,"end":5404.35},{"text":"through","start":5404.83,"end":5405.31},{"text":"2034.","start":5405.55,"end":5406.59}]},{"text":"We further urge our partners to move expeditiously in honoring the Seville commitment in efforts to ensure that we leave no one behind.","start":5408.03,"end":5415.95,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and 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remains committed to constructive engagement in this committee and to advancing policies that will redound to the benefit of present and future 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CARICOM.","start":5428.23,"end":5432.55,"topics":[],"words":[{"text":"I","start":5428.23,"end":5428.35},{"text":"thank","start":5428.35,"end":5428.51},{"text":"the","start":5428.51,"end":5428.59},{"text":"permanent","start":5428.59,"end":5428.95},{"text":"representative","start":5428.95,"end":5429.63},{"text":"of","start":5429.63,"end":5429.75},{"text":"Jamaica,","start":5429.75,"end":5430.39},{"text":"speaking","start":5430.55,"end":5430.91},{"text":"on","start":5430.91,"end":5431.03},{"text":"behalf","start":5431.03,"end":5431.39},{"text":"of","start":5431.39,"end":5431.51},{"text":"CARICOM.","start":5431.51,"end":5432.55}]},{"text":"I now give the floor to the distinguished representative of Angola, speaking on behalf of the African 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Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":30,"start":5440.55,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:30:41","paragraphs":[{"sentences":[{"text":"Mr. Chair, I have the honor to deliver this statement on behalf of the African 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economies.","start":5445.35,"end":5452.63,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"For","start":5445.35,"end":5445.59},{"text":"our","start":5445.59,"end":5445.83},{"text":"group,","start":5445.83,"end":5446.11},{"text":"macroeconomic","start":5446.23,"end":5446.95},{"text":"cooperation","start":5446.95,"end":5447.83},{"text":"must","start":5448.23,"end":5448.51},{"text":"strengthen","start":5448.51,"end":5448.99},{"text":"countries'","start":5448.99,"end":5449.31},{"text":"ability","start":5449.31,"end":5449.75},{"text":"to","start":5449.79,"end":5449.87},{"text":"invest","start":5449.87,"end":5450.23},{"text":"in","start":5450.23,"end":5450.31},{"text":"their","start":5450.31,"end":5450.47},{"text":"people","start":5450.47,"end":5451.03},{"text":"and","start":5451.03,"end":5451.23},{"text":"transform","start":5451.23,"end":5451.71},{"text":"their","start":5451.71,"end":5451.91},{"text":"economies.","start":5451.91,"end":5452.63}]},{"text":"It's a value should be reflected in reliable public services, productive business, and decent employment.","start":5452.71,"end":5459.91,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"It's","start":5452.71,"end":5452.99},{"text":"a","start":5452.99,"end":5453.03},{"text":"value","start":5453.03,"end":5453.51},{"text":"should","start":5453.95,"end":5454.27},{"text":"be","start":5454.27,"end":5454.43},{"text":"reflected","start":5454.43,"end":5454.99},{"text":"in","start":5454.99,"end":5455.15},{"text":"reliable","start":5455.15,"end":5455.79},{"text":"public","start":5455.79,"end":5456.19},{"text":"services,","start":5456.19,"end":5456.99},{"text":"productive","start":5457.07,"end":5457.71},{"text":"business,","start":5457.71,"end":5458.35},{"text":"and","start":5458.43,"end":5458.71},{"text":"decent","start":5458.71,"end":5459.15},{"text":"employment.","start":5459.15,"end":5459.91}]},{"text":"African countries continue to pursue reforms, mobilize domestic resources, and deepen regional integration.","start":5460.67,"end":5466.91,"topics":[],"words":[{"text":"African","start":5460.67,"end":5461.07},{"text":"countries","start":5461.07,"end":5461.63},{"text":"continue","start":5461.63,"end":5462.03},{"text":"to","start":5462.03,"end":5462.11},{"text":"pursue","start":5462.11,"end":5462.43},{"text":"reforms,","start":5462.43,"end":5463.07},{"text":"mobilize","start":5463.15,"end":5463.71},{"text":"domestic","start":5463.71,"end":5464.11},{"text":"resources,","start":5464.11,"end":5464.91},{"text":"and","start":5464.91,"end":5465.19},{"text":"deepen","start":5465.19,"end":5465.71},{"text":"regional","start":5465.71,"end":5466.11},{"text":"integration.","start":5466.11,"end":5466.91}]},{"text":"However, persistent external shocks, high financing costs, and shrinking fiscal space continue to limit the ability of African countries to translate their efforts into sustainable development gains.","start":5467.39,"end":5480.11,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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priorities are anchored in 2030 Agenda and the African Union Agenda 2063, including its second 10-year implementation 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a global financial safety net is essential.","start":5500.55,"end":5503.91,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Strengthening","start":5500.55,"end":5501.27},{"text":"a","start":5501.35,"end":5501.43},{"text":"global","start":5501.43,"end":5501.91},{"text":"financial","start":5501.91,"end":5502.39},{"text":"safety","start":5502.39,"end":5502.79},{"text":"net","start":5502.79,"end":5503.11},{"text":"is","start":5503.11,"end":5503.27},{"text":"essential.","start":5503.27,"end":5503.91}]},{"text":"Countries facing shocks need to support it timely, predictable, and affordable.","start":5504.39,"end":5508.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Countries","start":5504.39,"end":5504.87},{"text":"facing","start":5504.87,"end":5505.27},{"text":"shocks","start":5505.27,"end":5505.75},{"text":"need","start":5505.75,"end":5505.95},{"text":"to","start":5505.95,"end":5506.07},{"text":"support","start":5506.07,"end":5506.47},{"text":"it","start":5506.71,"end":5506.83},{"text":"timely,","start":5506.99,"end":5507.43},{"text":"predictable,","start":5507.43,"end":5508.07},{"text":"and","start":5508.07,"end":5508.19},{"text":"affordable.","start":5508.19,"end":5508.79}]},{"text":"We call for expanded concessional financing, stronger regional financial arrangements, and voluntary rechanneling of SDRs through multilateral development banks.","start":5509.59,"end":5520.55,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"We","start":5509.59,"end":5509.75},{"text":"call","start":5509.75,"end":5509.91},{"text":"for","start":5509.91,"end":5510.07},{"text":"expanded","start":5510.07,"end":5510.99},{"text":"concessional","start":5510.99,"end":5511.67},{"text":"financing,","start":5511.67,"end":5512.39},{"text":"stronger","start":5512.55,"end":5512.99},{"text":"regional","start":5512.99,"end":5513.43},{"text":"financial","start":5513.43,"end":5514.27},{"text":"arrangements,","start":5514.27,"end":5515.19},{"text":"and","start":5515.19,"end":5515.35},{"text":"voluntary","start":5515.35,"end":5515.99},{"text":"rechanneling","start":5515.99,"end":5516.87},{"text":"of","start":5516.87,"end":5517.19},{"text":"SDRs","start":5517.19,"end":5517.99},{"text":"through","start":5518.47,"end":5518.79},{"text":"multilateral","start":5518.79,"end":5519.43},{"text":"development","start":5519.43,"end":5519.99},{"text":"banks.","start":5519.99,"end":5520.55}]},{"text":"Credit assessments must reflect countries' economic realities and long-term prospects.","start":5521.19,"end":5526.95,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Credit","start":5521.19,"end":5521.51},{"text":"assessments","start":5521.51,"end":5522.15},{"text":"must","start":5522.15,"end":5522.47},{"text":"reflect","start":5522.47,"end":5522.87},{"text":"countries'","start":5522.87,"end":5523.35},{"text":"economic","start":5523.35,"end":5523.83},{"text":"realities","start":5523.83,"end":5524.55},{"text":"and","start":5524.55,"end":5524.75},{"text":"long-term","start":5524.75,"end":5525.55},{"text":"prospects.","start":5526.15,"end":5526.95}]},{"text":"Transparent methodologies, reliable data, and stronger national analytical capacities are essential to reducing unjustified financing costs.","start":5527.67,"end":5536.71,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Transparent","start":5527.67,"end":5528.27},{"text":"methodologies,","start":5528.27,"end":5529.27},{"text":"reliable","start":5529.27,"end":5529.91},{"text":"data,","start":5529.91,"end":5530.51},{"text":"and","start":5530.51,"end":5530.63},{"text":"stronger","start":5530.63,"end":5530.95},{"text":"national","start":5530.95,"end":5531.39},{"text":"analytical","start":5531.39,"end":5532.39},{"text":"capacities","start":5532.39,"end":5533.19},{"text":"are","start":5533.19,"end":5533.35},{"text":"essential","start":5533.35,"end":5533.83},{"text":"to","start":5533.83,"end":5533.91},{"text":"reducing","start":5533.91,"end":5534.55},{"text":"unjustified","start":5534.71,"end":5535.51},{"text":"financing","start":5535.59,"end":5536.11},{"text":"costs.","start":5536.11,"end":5536.71}]},{"text":"As we highlighted during the general debate, we welcome the launch of the African Credit Agency yesterday in Mauritius, an important step towards addressing longstanding African concerns regarding the methodologies, assessment of global credit ratings agencies.","start":5537.87,"end":5553.15,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"As","start":5537.87,"end":5538.11},{"text":"we","start":5538.11,"end":5538.19},{"text":"highlighted","start":5538.19,"end":5538.63},{"text":"during","start":5538.63,"end":5538.83},{"text":"the","start":5538.83,"end":5538.95},{"text":"general","start":5538.95,"end":5539.31},{"text":"debate,","start":5539.31,"end":5539.71},{"text":"we","start":5540.03,"end":5540.15},{"text":"welcome","start":5540.15,"end":5540.51},{"text":"the","start":5540.51,"end":5540.63},{"text":"launch","start":5540.63,"end":5540.99},{"text":"of","start":5540.99,"end":5541.15},{"text":"the","start":5541.15,"end":5541.35},{"text":"African","start":5541.35,"end":5541.67},{"text":"Credit","start":5541.67,"end":5542.11},{"text":"Agency","start":5542.11,"end":5542.83},{"text":"yesterday","start":5543.15,"end":5543.71},{"text":"in","start":5543.71,"end":5543.87},{"text":"Mauritius,","start":5543.87,"end":5544.59},{"text":"an","start":5544.87,"end":5544.99},{"text":"important","start":5544.99,"end":5545.43},{"text":"step","start":5545.43,"end":5545.71},{"text":"towards","start":5545.71,"end":5546.19},{"text":"addressing","start":5546.19,"end":5546.83},{"text":"longstanding","start":5546.91,"end":5547.59},{"text":"African","start":5547.59,"end":5547.99},{"text":"concerns","start":5547.99,"end":5548.59},{"text":"regarding","start":5548.91,"end":5549.47},{"text":"the","start":5549.47,"end":5549.55},{"text":"methodologies,","start":5549.55,"end":5550.43},{"text":"assessment","start":5550.43,"end":5551.11},{"text":"of","start":5551.11,"end":5551.23},{"text":"global","start":5551.23,"end":5551.55},{"text":"credit","start":5551.55,"end":5551.95},{"text":"ratings","start":5551.95,"end":5552.43},{"text":"agencies.","start":5552.43,"end":5553.15}]},{"text":"Dear colleagues, debt vulnerability remains a central concern when debt servicing absorbs resources needed to schools, health services, infrastructures, and Consequences are felted across generations.","start":5554.43,"end":5569.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Dear","start":5554.43,"end":5554.59},{"text":"colleagues,","start":5554.59,"end":5555.15},{"text":"debt","start":5555.23,"end":5555.55},{"text":"vulnerability","start":5555.55,"end":5556.35},{"text":"remains","start":5556.51,"end":5557.03},{"text":"a","start":5557.03,"end":5557.07},{"text":"central","start":5557.07,"end":5557.43},{"text":"concern","start":5557.43,"end":5558.03},{"text":"when","start":5558.59,"end":5558.91},{"text":"debt","start":5558.91,"end":5559.15},{"text":"servicing","start":5559.15,"end":5559.79},{"text":"absorbs","start":5559.95,"end":5560.67},{"text":"resources","start":5560.67,"end":5561.39},{"text":"needed","start":5561.39,"end":5561.67},{"text":"to","start":5561.67,"end":5561.79},{"text":"schools,","start":5561.79,"end":5562.43},{"text":"health","start":5562.75,"end":5563.07},{"text":"services,","start":5563.07,"end":5563.87},{"text":"infrastructures,","start":5564.03,"end":5565.07},{"text":"and","start":5565.47,"end":5565.71},{"text":"Consequences","start":5566.03,"end":5566.91},{"text":"are","start":5566.91,"end":5567.07},{"text":"felted","start":5567.07,"end":5567.63},{"text":"across","start":5567.79,"end":5568.35},{"text":"generations.","start":5568.59,"end":5569.55}]},{"text":"We call for a timely, fair and coordinated restructuring with effective participation by all creditors categories.","start":5570.11,"end":5578.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"We","start":5570.11,"end":5570.27},{"text":"call","start":5570.27,"end":5570.43},{"text":"for","start":5570.43,"end":5570.63},{"text":"a","start":5570.63,"end":5570.67},{"text":"timely,","start":5570.67,"end":5571.39},{"text":"fair","start":5571.39,"end":5571.87},{"text":"and","start":5572.03,"end":5572.19},{"text":"coordinated","start":5572.19,"end":5572.75},{"text":"restructuring","start":5572.75,"end":5573.55},{"text":"with","start":5573.87,"end":5574.11},{"text":"effective","start":5574.11,"end":5574.75},{"text":"participation","start":5574.75,"end":5575.71},{"text":"by","start":5575.71,"end":5575.95},{"text":"all","start":5575.99,"end":5576.19},{"text":"creditors","start":5576.19,"end":5576.91},{"text":"categories.","start":5577.15,"end":5578.27}]},{"text":"Prolonged uncertainties must not continue to weakening countries capacities to invest.","start":5579.31,"end":5585.07,"topics":[],"words":[{"text":"Prolonged","start":5579.31,"end":5579.83},{"text":"uncertainties","start":5579.95,"end":5581.07},{"text":"must","start":5581.31,"end":5581.67},{"text":"not","start":5581.67,"end":5581.95},{"text":"continue","start":5581.95,"end":5582.59},{"text":"to","start":5582.59,"end":5582.71},{"text":"weakening","start":5582.71,"end":5583.15},{"text":"countries","start":5583.15,"end":5583.63},{"text":"capacities","start":5583.63,"end":5584.35},{"text":"to","start":5584.35,"end":5584.43},{"text":"invest.","start":5584.43,"end":5585.07}]},{"text":"Debt sustainability assessments must account for development needs, climate vulnerabilities, and the long-term benefits of investment in people and productive capacities.","start":5586.03,"end":5596.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Debt","start":5586.03,"end":5586.31},{"text":"sustainability","start":5586.31,"end":5587.23},{"text":"assessments","start":5587.23,"end":5587.87},{"text":"must","start":5587.87,"end":5588.19},{"text":"account","start":5588.19,"end":5588.63},{"text":"for","start":5588.63,"end":5588.91},{"text":"development","start":5588.91,"end":5589.55},{"text":"needs,","start":5589.55,"end":5590.03},{"text":"climate","start":5590.27,"end":5590.71},{"text":"vulnerabilities,","start":5590.71,"end":5591.63},{"text":"and","start":5591.63,"end":5591.75},{"text":"the","start":5591.75,"end":5591.83},{"text":"long-term","start":5591.83,"end":5592.39},{"text":"benefits","start":5592.39,"end":5592.99},{"text":"of","start":5593.15,"end":5593.39},{"text":"investment","start":5593.39,"end":5593.95},{"text":"in","start":5593.95,"end":5594.11},{"text":"people","start":5594.11,"end":5594.59},{"text":"and","start":5594.59,"end":5594.75},{"text":"productive","start":5594.75,"end":5595.47},{"text":"capacities.","start":5595.47,"end":5596.35}]},{"text":"As we highlighted during the general debate, the priority must be the full, timely, and current implementation of the SIVILIA commitment, translating these commitments into concrete actions and measurable results at country level.","start":5597.15,"end":5610.67,"topics":[],"words":[{"text":"As","start":5597.15,"end":5597.39},{"text":"we","start":5597.39,"end":5597.51},{"text":"highlighted","start":5597.51,"end":5597.91},{"text":"during","start":5597.91,"end":5598.15},{"text":"the","start":5598.15,"end":5598.27},{"text":"general","start":5598.27,"end":5598.67},{"text":"debate,","start":5598.67,"end":5599.23},{"text":"the","start":5599.39,"end":5599.55},{"text":"priority","start":5599.55,"end":5600.03},{"text":"must","start":5600.03,"end":5600.43},{"text":"be","start":5600.43,"end":5600.83},{"text":"the","start":5600.83,"end":5601.03},{"text":"full,","start":5601.03,"end":5601.63},{"text":"timely,","start":5601.79,"end":5602.51},{"text":"and","start":5602.51,"end":5602.75},{"text":"current","start":5602.75,"end":5603.11},{"text":"implementation","start":5603.11,"end":5603.75},{"text":"of","start":5603.75,"end":5603.83},{"text":"the","start":5603.83,"end":5603.91},{"text":"SIVILIA","start":5603.91,"end":5604.87},{"text":"commitment,","start":5604.87,"end":5605.23},{"text":"translating","start":5605.47,"end":5606.11},{"text":"these","start":5606.11,"end":5606.27},{"text":"commitments","start":5606.27,"end":5606.83},{"text":"into","start":5606.83,"end":5606.99},{"text":"concrete","start":5606.99,"end":5607.35},{"text":"actions","start":5607.39,"end":5608.03},{"text":"and","start":5608.03,"end":5608.19},{"text":"measurable","start":5608.19,"end":5608.59},{"text":"results","start":5608.59,"end":5609.39},{"text":"at","start":5609.39,"end":5609.63},{"text":"country","start":5609.79,"end":5610.23},{"text":"level.","start":5610.23,"end":5610.67}]},{"text":"We support the call made by the PGA for a dialogue on debt within the United Nations, bringing debtor countries, creditors, and development partners together to advance a fair and sustainable solution.","start":5611.55,"end":5623.39,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"We","start":5624.35,"end":5624.55},{"text":"also","start":5624.55,"end":5624.83},{"text":"highlight","start":5624.83,"end":5625.15},{"text":"that","start":5625.15,"end":5625.31},{"text":"during","start":5625.31,"end":5625.63},{"text":"the","start":5625.63,"end":5625.71},{"text":"general","start":5625.71,"end":5626.07},{"text":"debate,","start":5626.07,"end":5626.51},{"text":"the","start":5626.51,"end":5626.71},{"text":"African","start":5626.71,"end":5626.99},{"text":"group","start":5626.99,"end":5627.23},{"text":"supports","start":5627.23,"end":5627.75},{"text":"the","start":5627.75,"end":5627.83},{"text":"intergovernmental","start":5627.83,"end":5628.83},{"text":"process","start":5628.83,"end":5629.55},{"text":"and","start":5629.55,"end":5629.79},{"text":"the","start":5629.79,"end":5630.03},{"text":"United","start":5630.03,"end":5630.51},{"text":"Nations'","start":5630.51,"end":5631.07},{"text":"vision","start":5631.23,"end":5631.95},{"text":"in","start":5631.95,"end":5632.19},{"text":"the","start":5632.19,"end":5632.27},{"text":"Seville","start":5632.27,"end":5632.67},{"text":"commitment","start":5632.67,"end":5633.27},{"text":"to","start":5633.27,"end":5633.39},{"text":"make","start":5633.39,"end":5633.63},{"text":"recommendations","start":5633.63,"end":5634.51},{"text":"for","start":5634.51,"end":5634.67},{"text":"closing","start":5634.67,"end":5635.15},{"text":"up","start":5635.15,"end":5635.39},{"text":"in","start":5635.55,"end":5635.71},{"text":"the","start":5635.71,"end":5635.83},{"text":"debt","start":5635.83,"end":5636.27},{"text":"architecture","start":5636.27,"end":5636.99},{"text":"and","start":5637.47,"end":5637.67},{"text":"exploring","start":5637.67,"end":5638.19},{"text":"options","start":5638.19,"end":5638.75},{"text":"to","start":5638.75,"end":5638.91},{"text":"address","start":5638.91,"end":5639.23},{"text":"debt","start":5639.23,"end":5639.55},{"text":"sustainability.","start":5639.55,"end":5640.35}]},{"text":"the Borrowers Platform, and the work of a response of sovereignty borrowings and lending offers opportunities to ensure that borrowers experience informed solutions.","start":5640.91,"end":5650.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"the","start":5640.91,"end":5641.07},{"text":"Borrowers","start":5641.07,"end":5641.39},{"text":"Platform,","start":5641.39,"end":5642.03},{"text":"and","start":5642.35,"end":5642.55},{"text":"the","start":5642.55,"end":5642.67},{"text":"work","start":5642.67,"end":5642.99},{"text":"of","start":5642.99,"end":5643.11},{"text":"a","start":5643.11,"end":5643.15},{"text":"response","start":5643.15,"end":5643.71},{"text":"of","start":5643.71,"end":5643.79},{"text":"sovereignty","start":5643.79,"end":5644.43},{"text":"borrowings","start":5644.43,"end":5645.07},{"text":"and","start":5645.23,"end":5645.55},{"text":"lending","start":5645.63,"end":5646.11},{"text":"offers","start":5646.11,"end":5646.55},{"text":"opportunities","start":5646.55,"end":5647.23},{"text":"to","start":5647.23,"end":5647.35},{"text":"ensure","start":5647.35,"end":5647.71},{"text":"that","start":5647.71,"end":5647.95},{"text":"borrowers","start":5647.95,"end":5648.51},{"text":"experience","start":5648.51,"end":5649.03},{"text":"informed","start":5649.03,"end":5649.55},{"text":"solutions.","start":5649.55,"end":5650.27}]},{"text":"Mr. Chair, mobilizing resources requires also preventing their losses and IFFs.","start":5652.03,"end":5657.55,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"Mr.","start":5652.03,"end":5652.27},{"text":"Chair,","start":5652.27,"end":5652.75},{"text":"mobilizing","start":5653.23,"end":5653.87},{"text":"resources","start":5653.87,"end":5654.43},{"text":"requires","start":5654.43,"end":5654.91},{"text":"also","start":5654.91,"end":5655.31},{"text":"preventing","start":5655.31,"end":5655.87},{"text":"their","start":5655.87,"end":5656.03},{"text":"losses","start":5656.03,"end":5656.59},{"text":"and","start":5656.59,"end":5656.87},{"text":"IFFs.","start":5656.87,"end":5657.55}]},{"text":"We call for a strong cross-border cooperation, information exchange, and active recovery and returns.","start":5657.79,"end":5665.71,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":5657.79,"end":5657.95},{"text":"call","start":5657.95,"end":5658.43},{"text":"for","start":5658.83,"end":5658.99},{"text":"a","start":5658.99,"end":5659.07},{"text":"strong","start":5659.07,"end":5659.39},{"text":"cross-border","start":5659.39,"end":5659.95},{"text":"cooperation,","start":5659.95,"end":5660.67},{"text":"information","start":5660.67,"end":5661.39},{"text":"exchange,","start":5661.39,"end":5661.95},{"text":"and","start":5662.27,"end":5662.59},{"text":"active","start":5662.75,"end":5663.39},{"text":"recovery","start":5664.03,"end":5664.67},{"text":"and","start":5664.67,"end":5664.95},{"text":"returns.","start":5664.95,"end":5665.71}]},{"text":"The African group remains its commitment to a United Nations framework convention on international tax cooperation.","start":5666.91,"end":5673.23,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"The","start":5666.91,"end":5667.19},{"text":"African","start":5667.19,"end":5667.55},{"text":"group","start":5667.55,"end":5667.95},{"text":"remains","start":5667.95,"end":5668.51},{"text":"its","start":5668.51,"end":5668.67},{"text":"commitment","start":5668.67,"end":5669.35},{"text":"to","start":5669.35,"end":5669.47},{"text":"a","start":5669.47,"end":5669.79},{"text":"United","start":5669.79,"end":5670.23},{"text":"Nations","start":5670.23,"end":5670.55},{"text":"framework","start":5670.55,"end":5671.03},{"text":"convention","start":5671.03,"end":5671.59},{"text":"on","start":5671.59,"end":5671.71},{"text":"international","start":5671.71,"end":5672.31},{"text":"tax","start":5672.31,"end":5672.55},{"text":"cooperation.","start":5672.55,"end":5673.23}]},{"text":"For Africa, this process must ensure an equal voice in shaping international tax rules, fair taxing rights, and stronger capacities to combat tax evasion and illicit financial flows and mobilize domestic resource revenues.","start":5673.47,"end":5688.91,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"For","start":5673.47,"end":5673.71},{"text":"Africa,","start":5673.71,"end":5674.19},{"text":"this","start":5674.67,"end":5674.95},{"text":"process","start":5674.95,"end":5675.47},{"text":"must","start":5675.47,"end":5675.71},{"text":"ensure","start":5675.71,"end":5676.27},{"text":"an","start":5676.47,"end":5676.67},{"text":"equal","start":5676.67,"end":5676.95},{"text":"voice","start":5676.95,"end":5677.39},{"text":"in","start":5677.39,"end":5677.63},{"text":"shaping","start":5677.63,"end":5678.11},{"text":"international","start":5678.11,"end":5678.75},{"text":"tax","start":5678.75,"end":5678.99},{"text":"rules,","start":5678.99,"end":5679.47},{"text":"fair","start":5679.87,"end":5680.19},{"text":"taxing","start":5681.31,"end":5681.79},{"text":"rights,","start":5681.79,"end":5682.27},{"text":"and","start":5682.27,"end":5682.47},{"text":"stronger","start":5682.47,"end":5682.83},{"text":"capacities","start":5682.83,"end":5683.39},{"text":"to","start":5683.39,"end":5683.51},{"text":"combat","start":5683.51,"end":5683.95},{"text":"tax","start":5684.03,"end":5684.35},{"text":"evasion","start":5684.35,"end":5684.99},{"text":"and","start":5684.99,"end":5685.31},{"text":"illicit","start":5685.31,"end":5685.75},{"text":"financial","start":5685.75,"end":5686.19},{"text":"flows","start":5686.19,"end":5686.75},{"text":"and","start":5686.75,"end":5686.91},{"text":"mobilize","start":5686.91,"end":5687.47},{"text":"domestic","start":5687.47,"end":5687.87},{"text":"resource","start":5687.87,"end":5688.31},{"text":"revenues.","start":5688.31,"end":5688.91}]},{"text":"Excellencies, trade and investment must support structural transformation.","start":5689.79,"end":5694.19,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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system is undergoing challenges as a result of increasing pressure on supply chains, price increases, and energy supply 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challenges have effects on international markets and on the prices of basic products and the ability of states to fund their 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the world's economies are facing these challenges, the states members of the Gulf Cooperation Council are enhancing their capacities, diversifying their economies and guarantee economic growth.","start":5786.15,"end":5798.51,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":34,"start":6030.95,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:40:31","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":6030.95,"end":6031.67,"topics":[],"words":[{"text":"Thank","start":6030.95,"end":6031.15},{"text":"you,","start":6031.15,"end":6031.23},{"text":"Chair.","start":6031.35,"end":6031.67}]},{"text":"I have the honour to deliver this statement on behalf of the Group of Least Developed Countries.","start":6032.31,"end":6036.23,"topics":[],"words":[{"text":"I","start":6032.31,"end":6032.39},{"text":"have","start":6032.39,"end":6032.63},{"text":"the","start":6032.63,"end":6032.75},{"text":"honour","start":6032.75,"end":6032.99},{"text":"to","start":6032.99,"end":6033.07},{"text":"deliver","start":6033.07,"end":6033.47},{"text":"this","start":6033.47,"end":6033.63},{"text":"statement","start":6033.63,"end":6034.11},{"text":"on","start":6034.11,"end":6034.23},{"text":"behalf","start":6034.23,"end":6034.55},{"text":"of","start":6034.55,"end":6034.63},{"text":"the","start":6034.63,"end":6034.79},{"text":"Group","start":6034.79,"end":6035.03},{"text":"of","start":6035.03,"end":6035.11},{"text":"Least","start":6035.11,"end":6035.31},{"text":"Developed","start":6035.31,"end":6035.67},{"text":"Countries.","start":6035.67,"end":6036.23}]},{"text":"The group aligns itself with the statement delivered by Uruguay on behalf of the Group 77 and China.","start":6036.63,"end":6041.43,"topics":[],"words":[{"text":"The","start":6036.63,"end":6036.79},{"text":"group","start":6036.79,"end":6037.03},{"text":"aligns","start":6037.03,"end":6037.39},{"text":"itself","start":6037.39,"end":6037.75},{"text":"with","start":6037.75,"end":6037.87},{"text":"the","start":6037.87,"end":6037.95},{"text":"statement","start":6037.95,"end":6038.35},{"text":"delivered","start":6038.35,"end":6038.71},{"text":"by","start":6038.71,"end":6038.87},{"text":"Uruguay","start":6038.87,"end":6039.35},{"text":"on","start":6039.35,"end":6039.51},{"text":"behalf","start":6039.51,"end":6039.83},{"text":"of","start":6039.83,"end":6039.91},{"text":"the","start":6039.91,"end":6040.07},{"text":"Group","start":6040.07,"end":6040.31},{"text":"77","start":6040.31,"end":6040.87},{"text":"and","start":6040.87,"end":6040.99},{"text":"China.","start":6040.99,"end":6041.43}]},{"text":"Chair, the LDC group underscores that international action and macroeconomic policy and development financing must enable our countries to translate national development efforts into lasting gains.","start":6041.99,"end":6053.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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needs an international financial trading system that enables them to overcome structural constraints, withstand shocks, and pursue economic transformation.","start":6053.43,"end":6062.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"LDC","start":6053.43,"end":6053.99},{"text":"needs","start":6053.99,"end":6054.31},{"text":"an","start":6054.31,"end":6054.47},{"text":"international","start":6054.47,"end":6055.11},{"text":"financial","start":6055.11,"end":6055.59},{"text":"trading","start":6055.59,"end":6055.99},{"text":"system","start":6055.99,"end":6056.39},{"text":"that","start":6056.39,"end":6056.59},{"text":"enables","start":6056.59,"end":6057.03},{"text":"them","start":6057.03,"end":6057.27},{"text":"to","start":6057.59,"end":6057.79},{"text":"overcome","start":6057.79,"end":6058.15},{"text":"structural","start":6058.15,"end":6058.63},{"text":"constraints,","start":6058.63,"end":6059.35},{"text":"withstand","start":6059.59,"end":6060.11},{"text":"shocks,","start":6060.11,"end":6060.47},{"text":"and","start":6060.47,"end":6060.67},{"text":"pursue","start":6060.67,"end":6060.99},{"text":"economic","start":6060.99,"end":6061.39},{"text":"transformation.","start":6061.39,"end":6062.15}]},{"text":"The civil commitments provide the impetus for the reforms needed to expand access to financing and increase fiscal space.","start":6062.55,"end":6070.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"The","start":6062.55,"end":6062.75},{"text":"civil","start":6062.75,"end":6063.11},{"text":"commitments","start":6063.11,"end":6063.75},{"text":"provide","start":6063.75,"end":6064.11},{"text":"the","start":6064.11,"end":6064.19},{"text":"impetus","start":6064.19,"end":6064.79},{"text":"for","start":6064.79,"end":6064.95},{"text":"the","start":6064.95,"end":6065.19},{"text":"reforms","start":6065.27,"end":6066.03},{"text":"needed","start":6066.03,"end":6066.35},{"text":"to","start":6066.35,"end":6066.55},{"text":"expand","start":6066.55,"end":6067.03},{"text":"access","start":6067.03,"end":6067.35},{"text":"to","start":6067.35,"end":6067.51},{"text":"financing","start":6067.51,"end":6068.15},{"text":"and","start":6068.39,"end":6068.63},{"text":"increase","start":6068.63,"end":6068.95},{"text":"fiscal","start":6068.95,"end":6069.51},{"text":"space.","start":6069.51,"end":6070.07}]},{"text":"The fulfillment is urgent as declining assistance and heavy debt service constrains our government's ability to sustain essential services and invest in development.","start":6070.39,"end":6079.75,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"The","start":6070.39,"end":6070.55},{"text":"fulfillment","start":6070.55,"end":6071.11},{"text":"is","start":6071.11,"end":6071.27},{"text":"urgent","start":6071.27,"end":6071.75},{"text":"as","start":6071.75,"end":6071.99},{"text":"declining","start":6071.99,"end":6072.47},{"text":"assistance","start":6072.47,"end":6073.03},{"text":"and","start":6073.03,"end":6073.19},{"text":"heavy","start":6073.19,"end":6073.43},{"text":"debt","start":6073.43,"end":6073.67},{"text":"service","start":6073.67,"end":6074.15},{"text":"constrains","start":6074.39,"end":6074.95},{"text":"our","start":6074.95,"end":6075.11},{"text":"government's","start":6075.11,"end":6075.75},{"text":"ability","start":6075.75,"end":6076.15},{"text":"to","start":6076.15,"end":6076.27},{"text":"sustain","start":6076.27,"end":6076.79},{"text":"essential","start":6076.79,"end":6077.59},{"text":"services","start":6077.59,"end":6078.23},{"text":"and","start":6078.47,"end":6078.63},{"text":"invest","start":6078.63,"end":6078.95},{"text":"in","start":6078.95,"end":6079.11},{"text":"development.","start":6079.11,"end":6079.75}]},{"text":"Accordingly, full and timely implementation of the must deliver predictable concessional finance, effective debt relief, and a stronger LDC voice in international financial decision-making.","start":6080.15,"end":6092.71,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Accordingly,","start":6080.15,"end":6080.87},{"text":"full","start":6081.03,"end":6081.35},{"text":"and","start":6081.35,"end":6081.51},{"text":"timely","start":6081.51,"end":6081.83},{"text":"implementation","start":6081.83,"end":6082.71},{"text":"of","start":6082.71,"end":6082.87},{"text":"the","start":6082.87,"end":6083.31},{"text":"must","start":6083.51,"end":6083.71},{"text":"deliver","start":6083.75,"end":6085.35},{"text":"predictable","start":6085.39,"end":6086.15},{"text":"concessional","start":6086.15,"end":6086.79},{"text":"finance,","start":6086.79,"end":6087.35},{"text":"effective","start":6087.59,"end":6088.15},{"text":"debt","start":6088.15,"end":6088.39},{"text":"relief,","start":6088.39,"end":6088.79},{"text":"and","start":6088.79,"end":6089.03},{"text":"a","start":6089.03,"end":6089.11},{"text":"stronger","start":6089.11,"end":6089.51},{"text":"LDC","start":6089.51,"end":6090.07},{"text":"voice","start":6090.07,"end":6090.39},{"text":"in","start":6090.39,"end":6090.55},{"text":"international","start":6090.55,"end":6091.19},{"text":"financial","start":6091.19,"end":6091.83},{"text":"decision-making.","start":6091.83,"end":6092.71}]},{"text":"In this connection, we welcome the launch of the Borrowers Platform and the consensus outcome at this year's Financing for Development Forum.","start":6093.67,"end":6101.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"In","start":6093.67,"end":6093.83},{"text":"this","start":6093.83,"end":6093.99},{"text":"connection,","start":6093.99,"end":6094.63},{"text":"we","start":6094.63,"end":6094.87},{"text":"welcome","start":6094.87,"end":6095.27},{"text":"the","start":6095.27,"end":6095.39},{"text":"launch","start":6095.39,"end":6095.67},{"text":"of","start":6095.67,"end":6095.83},{"text":"the","start":6095.83,"end":6095.99},{"text":"Borrowers","start":6095.99,"end":6096.47},{"text":"Platform","start":6096.47,"end":6097.03},{"text":"and","start":6097.11,"end":6097.31},{"text":"the","start":6097.31,"end":6097.39},{"text":"consensus","start":6097.39,"end":6098.07},{"text":"outcome","start":6098.07,"end":6098.55},{"text":"at","start":6098.79,"end":6098.91},{"text":"this","start":6098.91,"end":6099.19},{"text":"year's","start":6099.19,"end":6099.51},{"text":"Financing","start":6099.51,"end":6100.15},{"text":"for","start":6100.15,"end":6100.31},{"text":"Development","start":6100.31,"end":6100.83},{"text":"Forum.","start":6100.83,"end":6101.27}]},{"text":"Chair, allow me to highlight four priorities.","start":6101.75,"end":6103.83,"topics":[],"words":[{"text":"Chair,","start":6101.75,"end":6102.07},{"text":"allow","start":6102.07,"end":6102.27},{"text":"me","start":6102.27,"end":6102.47},{"text":"to","start":6102.47,"end":6102.55},{"text":"highlight","start":6102.55,"end":6102.95},{"text":"four","start":6102.95,"end":6103.11},{"text":"priorities.","start":6103.11,"end":6103.83}]},{"text":"First, we call for the protection and urgent restoration of development cooperation.","start":6104.07,"end":6108.47,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"First,","start":6104.07,"end":6104.39},{"text":"we","start":6104.39,"end":6104.55},{"text":"call","start":6104.55,"end":6104.79},{"text":"for","start":6104.79,"end":6105.03},{"text":"the","start":6105.03,"end":6105.19},{"text":"protection","start":6105.19,"end":6105.91},{"text":"and","start":6105.91,"end":6106.03},{"text":"urgent","start":6106.03,"end":6106.43},{"text":"restoration","start":6106.55,"end":6107.11},{"text":"of","start":6107.11,"end":6107.27},{"text":"development","start":6107.27,"end":6107.79},{"text":"cooperation.","start":6107.79,"end":6108.47}]},{"text":"Preliminary OECD data shows that bilateral ODA from DAC countries to LDCs fell by 25.8% in 2025.","start":6108.71,"end":6119.27,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Preliminary","start":6108.71,"end":6109.35},{"text":"OECD","start":6109.43,"end":6110.31},{"text":"data","start":6110.31,"end":6110.71},{"text":"shows","start":6110.79,"end":6111.11},{"text":"that","start":6111.11,"end":6111.35},{"text":"bilateral","start":6111.59,"end":6112.39},{"text":"ODA","start":6112.71,"end":6113.03},{"text":"from","start":6113.35,"end":6113.67},{"text":"DAC","start":6113.91,"end":6114.07},{"text":"countries","start":6114.47,"end":6115.03},{"text":"to","start":6115.03,"end":6115.27},{"text":"LDCs","start":6115.27,"end":6115.91},{"text":"fell","start":6115.91,"end":6116.31},{"text":"by","start":6116.31,"end":6116.55},{"text":"25.8%","start":6116.71,"end":6116.75},{"text":"in","start":6116.75,"end":6118.07},{"text":"2025.","start":6118.35,"end":6119.27}]},{"text":"Development countries must reverse these cuts, fulfill their ODA commitments to LDCs, and provide predictable multi-year financing in accordance with national priorities.","start":6119.59,"end":6128.63,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Development","start":6119.59,"end":6120.11},{"text":"countries","start":6120.11,"end":6120.55},{"text":"must","start":6120.55,"end":6120.79},{"text":"reverse","start":6120.79,"end":6121.11},{"text":"these","start":6121.11,"end":6121.35},{"text":"cuts,","start":6121.35,"end":6121.75},{"text":"fulfill","start":6121.91,"end":6122.31},{"text":"their","start":6122.31,"end":6122.55},{"text":"ODA","start":6122.55,"end":6122.95},{"text":"commitments","start":6122.95,"end":6123.59},{"text":"to","start":6123.59,"end":6123.67},{"text":"LDCs,","start":6123.67,"end":6124.31},{"text":"and","start":6124.31,"end":6124.51},{"text":"provide","start":6124.51,"end":6125.03},{"text":"predictable","start":6125.27,"end":6125.83},{"text":"multi-year","start":6125.83,"end":6126.39},{"text":"financing","start":6126.39,"end":6126.99},{"text":"in","start":6126.99,"end":6127.11},{"text":"accordance","start":6127.11,"end":6127.59},{"text":"with","start":6127.59,"end":6127.75},{"text":"national","start":6127.75,"end":6128.07},{"text":"priorities.","start":6128.07,"end":6128.63}]},{"text":"We reiterate our call for multilateral, development banks to advance civil ambition to potential triple lending capacity.","start":6129.03,"end":6137.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"We","start":6129.03,"end":6129.27},{"text":"reiterate","start":6129.27,"end":6129.99},{"text":"our","start":6130.23,"end":6130.31},{"text":"call","start":6130.39,"end":6130.71},{"text":"for","start":6130.71,"end":6130.87},{"text":"multilateral,","start":6130.87,"end":6131.63},{"text":"development","start":6131.71,"end":6132.15},{"text":"banks","start":6132.15,"end":6132.47},{"text":"to","start":6132.47,"end":6132.59},{"text":"advance","start":6132.59,"end":6133.07},{"text":"civil","start":6133.07,"end":6133.51},{"text":"ambition","start":6133.83,"end":6134.31},{"text":"to","start":6134.31,"end":6134.47},{"text":"potential","start":6134.47,"end":6135.03},{"text":"triple","start":6135.03,"end":6135.59},{"text":"lending","start":6135.83,"end":6136.31},{"text":"capacity.","start":6136.31,"end":6137.03}]},{"text":"This must deliver more grants and highly concessional resources for LDCs.","start":6137.35,"end":6142.07,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"This","start":6137.35,"end":6137.59},{"text":"must","start":6137.59,"end":6137.79},{"text":"deliver","start":6137.79,"end":6138.15},{"text":"more","start":6138.15,"end":6138.39},{"text":"grants","start":6138.39,"end":6138.95},{"text":"and","start":6139.03,"end":6139.27},{"text":"highly","start":6139.27,"end":6139.75},{"text":"concessional","start":6139.91,"end":6140.55},{"text":"resources","start":6140.55,"end":6141.19},{"text":"for","start":6141.19,"end":6141.35},{"text":"LDCs.","start":6141.35,"end":6142.07}]},{"text":"We also underscore the importance of expanding the channeling of special drawings rights and strengthening the international financial safety net.","start":6142.71,"end":6151.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"We","start":6142.71,"end":6142.79},{"text":"also","start":6142.79,"end":6143.11},{"text":"underscore","start":6143.11,"end":6143.67},{"text":"the","start":6143.67,"end":6143.75},{"text":"importance","start":6143.75,"end":6144.39},{"text":"of","start":6144.39,"end":6144.55},{"text":"expanding","start":6144.55,"end":6145.27},{"text":"the","start":6145.27,"end":6145.35},{"text":"channeling","start":6145.35,"end":6145.83},{"text":"of","start":6145.83,"end":6145.99},{"text":"special","start":6145.99,"end":6146.55},{"text":"drawings","start":6147.19,"end":6147.75},{"text":"rights","start":6147.75,"end":6148.23},{"text":"and","start":6148.47,"end":6148.63},{"text":"strengthening","start":6148.63,"end":6149.11},{"text":"the","start":6149.11,"end":6149.23},{"text":"international","start":6149.23,"end":6149.87},{"text":"financial","start":6149.87,"end":6150.39},{"text":"safety","start":6150.39,"end":6150.71},{"text":"net.","start":6150.71,"end":6151.03}]},{"text":"Secondly, debt and crisis response mechanism must preserve fiscal space before development gains are lost.","start":6151.35,"end":6159.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Secondly,","start":6151.35,"end":6152.15},{"text":"debt","start":6152.39,"end":6153.43},{"text":"and","start":6153.59,"end":6153.75},{"text":"crisis","start":6153.75,"end":6154.23},{"text":"response","start":6154.23,"end":6154.63},{"text":"mechanism","start":6154.63,"end":6155.35},{"text":"must","start":6155.35,"end":6155.75},{"text":"preserve","start":6155.91,"end":6156.47},{"text":"fiscal","start":6156.79,"end":6157.19},{"text":"space","start":6157.19,"end":6157.59},{"text":"before","start":6157.59,"end":6157.99},{"text":"development","start":6157.99,"end":6158.55},{"text":"gains","start":6158.55,"end":6158.87},{"text":"are","start":6158.87,"end":6158.95},{"text":"lost.","start":6158.95,"end":6159.31}]},{"text":"LDCs now devote around 18% of both export earnings and government revenue to external debt service.","start":6159.67,"end":6166.63,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"LDCs","start":6159.67,"end":6160.19},{"text":"now","start":6160.19,"end":6160.39},{"text":"devote","start":6160.39,"end":6161.83},{"text":"around","start":6161.83,"end":6162.39},{"text":"18%","start":6162.39,"end":6162.43},{"text":"of","start":6162.43,"end":6162.55},{"text":"both","start":6162.55,"end":6162.91},{"text":"export","start":6162.95,"end":6163.43},{"text":"earnings","start":6163.43,"end":6163.83},{"text":"and","start":6164.07,"end":6164.31},{"text":"government","start":6164.31,"end":6164.75},{"text":"revenue","start":6164.75,"end":6165.19},{"text":"to","start":6165.19,"end":6165.35},{"text":"external","start":6165.35,"end":6165.91},{"text":"debt","start":6165.91,"end":6166.15},{"text":"service.","start":6166.15,"end":6166.63}]},{"text":"Creditors must expand debt clauses to cover a broad range of shocks and reserve liquidity during crisis.","start":6167.39,"end":6174.87,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Creditors","start":6167.39,"end":6167.79},{"text":"must","start":6167.79,"end":6167.99},{"text":"expand","start":6167.99,"end":6168.51},{"text":"debt","start":6168.51,"end":6168.95},{"text":"clauses","start":6169.51,"end":6170.07},{"text":"to","start":6170.07,"end":6170.15},{"text":"cover","start":6170.15,"end":6170.63},{"text":"a","start":6170.63,"end":6170.67},{"text":"broad","start":6170.67,"end":6171.03},{"text":"range","start":6171.03,"end":6171.27},{"text":"of","start":6171.27,"end":6171.51},{"text":"shocks","start":6171.59,"end":6171.99},{"text":"and","start":6172.23,"end":6172.63},{"text":"reserve","start":6172.71,"end":6173.27},{"text":"liquidity","start":6173.43,"end":6174.03},{"text":"during","start":6174.03,"end":6174.31},{"text":"crisis.","start":6174.31,"end":6174.87}]},{"text":"This must complement timely, orderly, and fair restructuring that delivers effective relief with stronger creditor coordination and private lender participation.","start":6174.95,"end":6183.99,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"This","start":6174.95,"end":6175.19},{"text":"must","start":6175.19,"end":6175.43},{"text":"complement","start":6175.43,"end":6176.03},{"text":"timely,","start":6176.03,"end":6176.47},{"text":"orderly,","start":6176.47,"end":6176.95},{"text":"and","start":6176.95,"end":6177.15},{"text":"fair","start":6177.15,"end":6177.39},{"text":"restructuring","start":6177.39,"end":6178.15},{"text":"that","start":6178.39,"end":6178.55},{"text":"delivers","start":6178.55,"end":6179.07},{"text":"effective","start":6179.07,"end":6179.67},{"text":"relief","start":6179.67,"end":6179.99},{"text":"with","start":6179.99,"end":6180.15},{"text":"stronger","start":6180.15,"end":6180.87},{"text":"creditor","start":6181.31,"end":6181.75},{"text":"coordination","start":6181.75,"end":6182.39},{"text":"and","start":6182.39,"end":6182.55},{"text":"private","start":6182.55,"end":6182.91},{"text":"lender","start":6182.91,"end":6183.19},{"text":"participation.","start":6183.19,"end":6183.99}]},{"text":"We call for urgent operationalization of the proposed facility for coordinated liquidity and debt management support.","start":6184.31,"end":6190.79,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"We","start":6184.31,"end":6184.47},{"text":"call","start":6184.47,"end":6184.71},{"text":"for","start":6184.71,"end":6184.99},{"text":"urgent","start":6184.99,"end":6185.23},{"text":"operationalization","start":6185.23,"end":6186.39},{"text":"of","start":6186.39,"end":6186.55},{"text":"the","start":6186.55,"end":6186.67},{"text":"proposed","start":6186.67,"end":6187.15},{"text":"facility","start":6187.15,"end":6187.75},{"text":"for","start":6187.99,"end":6188.15},{"text":"coordinated","start":6188.15,"end":6188.75},{"text":"liquidity","start":6188.75,"end":6189.43},{"text":"and","start":6189.43,"end":6189.67},{"text":"debt","start":6189.67,"end":6189.79},{"text":"management","start":6189.79,"end":6190.31},{"text":"support.","start":6190.31,"end":6190.79}]},{"text":"The working group on responsible sovereign borrowing and lending should reinforce shared responsibility for preventing unsustained debt accumulation.","start":6191.11,"end":6200.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"The","start":6191.11,"end":6191.27},{"text":"working","start":6191.27,"end":6191.59},{"text":"group","start":6191.59,"end":6191.83},{"text":"on","start":6191.83,"end":6191.99},{"text":"responsible","start":6191.99,"end":6192.79},{"text":"sovereign","start":6193.55,"end":6193.83},{"text":"borrowing","start":6193.83,"end":6194.39},{"text":"and","start":6194.39,"end":6194.59},{"text":"lending","start":6194.59,"end":6194.95},{"text":"should","start":6194.95,"end":6195.19},{"text":"reinforce","start":6195.19,"end":6195.71},{"text":"shared","start":6195.71,"end":6196.07},{"text":"responsibility","start":6196.07,"end":6196.95},{"text":"for","start":6197.19,"end":6197.35},{"text":"preventing","start":6197.35,"end":6197.83},{"text":"unsustained","start":6197.91,"end":6198.75},{"text":"debt","start":6198.75,"end":6199.11},{"text":"accumulation.","start":6199.43,"end":6200.23}]},{"text":"Third, national ownership must be matched by an enabling international environment.","start":6200.87,"end":6205.19,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Third,","start":6200.87,"end":6201.27},{"text":"national","start":6201.51,"end":6201.91},{"text":"ownership","start":6201.91,"end":6202.35},{"text":"must","start":6202.35,"end":6202.59},{"text":"be","start":6202.59,"end":6202.71},{"text":"matched","start":6202.71,"end":6203.07},{"text":"by","start":6203.07,"end":6203.31},{"text":"an","start":6203.31,"end":6203.51},{"text":"enabling","start":6203.51,"end":6203.91},{"text":"international","start":6203.91,"end":6204.47},{"text":"environment.","start":6204.47,"end":6205.19}]},{"text":"LDCs remain committed to domestic resource mobilization, second public financial management and stronger national financial systems.","start":6205.51,"end":6213.35,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"LDCs","start":6205.51,"end":6206.23},{"text":"remain","start":6206.23,"end":6206.47},{"text":"committed","start":6206.47,"end":6206.91},{"text":"to","start":6206.91,"end":6207.03},{"text":"domestic","start":6207.03,"end":6207.59},{"text":"resource","start":6207.59,"end":6207.91},{"text":"mobilization,","start":6207.91,"end":6208.79},{"text":"second","start":6209.03,"end":6209.47},{"text":"public","start":6209.51,"end":6209.83},{"text":"financial","start":6209.83,"end":6210.47},{"text":"management","start":6210.47,"end":6211.07},{"text":"and","start":6211.07,"end":6211.27},{"text":"stronger","start":6211.27,"end":6211.83},{"text":"national","start":6211.83,"end":6212.31},{"text":"financial","start":6212.31,"end":6212.79},{"text":"systems.","start":6212.79,"end":6213.35}]},{"text":"International support must reinforce these efforts in accordance with nationally determined priorities, including through stronger national development banks and expanding concessional local currency lending.","start":6213.71,"end":6225.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"International","start":6213.71,"end":6214.39},{"text":"support","start":6214.39,"end":6214.67},{"text":"must","start":6214.67,"end":6214.95},{"text":"reinforce","start":6214.95,"end":6215.47},{"text":"these","start":6215.47,"end":6215.71},{"text":"efforts","start":6215.71,"end":6216.19},{"text":"in","start":6216.43,"end":6216.67},{"text":"accordance","start":6216.67,"end":6217.23},{"text":"with","start":6217.23,"end":6217.51},{"text":"nationally","start":6217.51,"end":6218.35},{"text":"determined","start":6218.51,"end":6218.99},{"text":"priorities,","start":6218.99,"end":6219.55},{"text":"including","start":6219.55,"end":6220.19},{"text":"through","start":6220.19,"end":6220.35},{"text":"stronger","start":6220.35,"end":6220.83},{"text":"national","start":6220.83,"end":6221.23},{"text":"development","start":6221.23,"end":6221.79},{"text":"banks","start":6221.79,"end":6222.19},{"text":"and","start":6222.43,"end":6222.63},{"text":"expanding","start":6222.63,"end":6223.23},{"text":"concessional","start":6223.23,"end":6223.95},{"text":"local","start":6223.95,"end":6224.27},{"text":"currency","start":6224.27,"end":6224.67},{"text":"lending.","start":6224.67,"end":6225.15}]},{"text":"We call on development partners to double support for domestic revenue mobilization by 2030.","start":6225.47,"end":6231.43,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":6225.47,"end":6225.71},{"text":"call","start":6225.71,"end":6226.03},{"text":"on","start":6226.03,"end":6226.19},{"text":"development","start":6226.19,"end":6226.75},{"text":"partners","start":6226.75,"end":6227.23},{"text":"to","start":6227.23,"end":6227.31},{"text":"double","start":6227.31,"end":6227.63},{"text":"support","start":6227.63,"end":6227.99},{"text":"for","start":6227.99,"end":6228.11},{"text":"domestic","start":6228.11,"end":6228.67},{"text":"revenue","start":6228.67,"end":6229.07},{"text":"mobilization","start":6229.07,"end":6229.87},{"text":"by","start":6229.87,"end":6230.03},{"text":"2030.","start":6230.03,"end":6231.43}]},{"text":"The Group calls for strengthening international cooperation to combat illicit financial flows and facilitate the recovery and return of stolen assets, backed by sustained technical assistance and the release of approved resources.","start":6232.35,"end":6245.31,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"The","start":6232.35,"end":6232.43},{"text":"Group","start":6232.43,"end":6232.71},{"text":"calls","start":6232.71,"end":6232.95},{"text":"for","start":6232.95,"end":6233.07},{"text":"strengthening","start":6233.07,"end":6233.63},{"text":"international","start":6233.63,"end":6234.23},{"text":"cooperation","start":6234.23,"end":6234.91},{"text":"to","start":6235.15,"end":6235.27},{"text":"combat","start":6235.27,"end":6235.79},{"text":"illicit","start":6235.79,"end":6236.43},{"text":"financial","start":6236.51,"end":6237.03},{"text":"flows","start":6237.03,"end":6237.39},{"text":"and","start":6237.71,"end":6237.87},{"text":"facilitate","start":6237.87,"end":6238.39},{"text":"the","start":6238.39,"end":6238.51},{"text":"recovery","start":6238.51,"end":6239.07},{"text":"and","start":6239.07,"end":6239.23},{"text":"return","start":6239.23,"end":6239.63},{"text":"of","start":6239.63,"end":6239.79},{"text":"stolen","start":6239.79,"end":6240.19},{"text":"assets,","start":6240.19,"end":6240.59},{"text":"backed","start":6240.83,"end":6241.07},{"text":"by","start":6241.07,"end":6241.23},{"text":"sustained","start":6241.23,"end":6241.83},{"text":"technical","start":6241.83,"end":6242.27},{"text":"assistance","start":6242.27,"end":6242.99},{"text":"and","start":6243.15,"end":6243.31},{"text":"the","start":6243.31,"end":6243.39},{"text":"release","start":6243.39,"end":6243.95},{"text":"of","start":6243.95,"end":6244.23},{"text":"approved","start":6244.23,"end":6244.67},{"text":"resources.","start":6244.67,"end":6245.31}]},{"text":"IMF and World Bank shareholders must strengthen LDC voice and representation.","start":6245.55,"end":6251.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"IMF","start":6245.55,"end":6246.03},{"text":"and","start":6246.03,"end":6246.23},{"text":"World","start":6246.23,"end":6246.43},{"text":"Bank","start":6246.43,"end":6246.67},{"text":"shareholders","start":6246.67,"end":6247.39},{"text":"must","start":6247.71,"end":6248.03},{"text":"strengthen","start":6248.03,"end":6248.43},{"text":"LDC","start":6248.43,"end":6248.99},{"text":"voice","start":6249.31,"end":6249.79},{"text":"and","start":6249.79,"end":6250.11},{"text":"representation.","start":6250.11,"end":6251.07}]},{"text":"Fourth, Mr. Chair, financing must support structural transformation and resilience.","start":6251.55,"end":6256.03,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Fourth,","start":6251.55,"end":6251.83},{"text":"Mr.","start":6251.83,"end":6252.11},{"text":"Chair,","start":6252.11,"end":6252.51},{"text":"financing","start":6252.67,"end":6253.31},{"text":"must","start":6253.31,"end":6253.51},{"text":"support","start":6253.51,"end":6253.95},{"text":"structural","start":6253.95,"end":6254.43},{"text":"transformation","start":6254.43,"end":6255.23},{"text":"and","start":6255.23,"end":6255.39},{"text":"resilience.","start":6255.39,"end":6256.03}]},{"text":"Building in the LDCs narrow export basis constrains our country's ability to benefit from trade.","start":6256.27,"end":6261.63,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Our","start":6296.35,"end":6296.47},{"text":"countries","start":6296.51,"end":6296.91},{"text":"cannot","start":6296.91,"end":6297.23},{"text":"afford","start":6297.23,"end":6297.55},{"text":"to","start":6297.55,"end":6297.63},{"text":"have","start":6297.63,"end":6297.91},{"text":"persistent","start":6297.91,"end":6298.43},{"text":"financing","start":6298.43,"end":6298.91},{"text":"shortfalls,","start":6298.91,"end":6299.55},{"text":"curtailed","start":6299.87,"end":6300.35},{"text":"their","start":6300.35,"end":6300.59},{"text":"development","start":6300.59,"end":6301.15},{"text":"ambitions.","start":6301.15,"end":6301.71}]},{"text":"Predictable development finance must give LDCs the means to invest in their people, build resilience, economies, and pursue sustainable development.","start":6301.91,"end":6309.67,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Predictable","start":6301.91,"end":6302.43},{"text":"development","start":6302.43,"end":6302.91},{"text":"finance","start":6302.91,"end":6303.31},{"text":"must","start":6303.31,"end":6303.59},{"text":"give","start":6303.59,"end":6303.79},{"text":"LDCs","start":6303.79,"end":6304.39},{"text":"the","start":6304.39,"end":6304.51},{"text":"means","start":6304.51,"end":6304.83},{"text":"to","start":6304.83,"end":6304.95},{"text":"invest","start":6304.95,"end":6305.31},{"text":"in","start":6305.31,"end":6305.47},{"text":"their","start":6305.47,"end":6305.67},{"text":"people,","start":6305.67,"end":6306.11},{"text":"build","start":6306.43,"end":6306.59},{"text":"resilience,","start":6306.59,"end":6307.23},{"text":"economies,","start":6307.23,"end":6307.95},{"text":"and","start":6307.95,"end":6308.07},{"text":"pursue","start":6308.07,"end":6308.43},{"text":"sustainable","start":6308.51,"end":6309.07},{"text":"development.","start":6309.07,"end":6309.67}]},{"text":"I thank you.","start":6309.87,"end":6310.51,"topics":[],"words":[{"text":"I","start":6309.87,"end":6310.03},{"text":"thank","start":6310.03,"end":6310.35},{"text":"you.","start":6310.35,"end":6310.51}]}]}],"speaker":{"affiliation":"GMB","group":"LDCs","function":null,"affiliation_full":"Gambia"}},{"statement_number":35,"start":6312.83,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:45:13","paragraphs":[{"sentences":[{"text":"I thank the representative of Gambia, speaking on behalf of the LDCs.","start":6312.83,"end":6316.27,"topics":[],"words":[{"text":"I","start":6312.83,"end":6312.84},{"text":"thank","start":6312.91,"end":6313.11},{"text":"the","start":6313.11,"end":6313.19},{"text":"representative","start":6313.19,"end":6313.83},{"text":"of","start":6313.83,"end":6313.95},{"text":"Gambia,","start":6313.95,"end":6314.35},{"text":"speaking","start":6314.35,"end":6314.67},{"text":"on","start":6314.67,"end":6314.75},{"text":"behalf","start":6314.75,"end":6315.15},{"text":"of","start":6315.19,"end":6315.39},{"text":"the","start":6315.39,"end":6315.51},{"text":"LDCs.","start":6315.51,"end":6316.27}]},{"text":"I now give the floor to the distinguished representative of Libya on behalf of Arab 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Committee"}},{"statement_number":36,"start":6325.95,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:45:26","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":6325.95,"end":6327.55,"topics":[],"words":[{"text":"Thank","start":6325.95,"end":6326.35},{"text":"you,","start":6326.35,"end":6326.59},{"text":"Mr.","start":6326.67,"end":6327.15},{"text":"Chair.","start":6327.15,"end":6327.55}]},{"text":"I have the honor to deliver this statement on behalf of the Arab Group.","start":6328.91,"end":6332.83,"topics":[],"words":[{"text":"I","start":6328.91,"end":6329.07},{"text":"have","start":6329.07,"end":6329.55},{"text":"the","start":6329.63,"end":6329.83},{"text":"honor","start":6330.03,"end":6330.35},{"text":"to","start":6330.35,"end":6330.47},{"text":"deliver","start":6330.47,"end":6330.75},{"text":"this","start":6330.75,"end":6330.87},{"text":"statement","start":6330.87,"end":6331.39},{"text":"on","start":6331.39,"end":6331.55},{"text":"behalf","start":6331.55,"end":6331.95},{"text":"of","start":6331.95,"end":6332.03},{"text":"the","start":6332.03,"end":6332.15},{"text":"Arab","start":6332.15,"end":6332.43},{"text":"Group.","start":6332.43,"end":6332.83}]},{"text":"I would first of all like to thank the Chair of the Committee and the members of the Bureau for all of their efforts.","start":6332.83,"end":6338.67,"topics":[],"words":[{"text":"I","start":6332.83,"end":6332.99},{"text":"would","start":6332.99,"end":6333.15},{"text":"first","start":6333.15,"end":6333.47},{"text":"of","start":6333.47,"end":6333.59},{"text":"all","start":6333.59,"end":6333.87},{"text":"like","start":6334.11,"end":6334.51},{"text":"to","start":6334.51,"end":6334.67},{"text":"thank","start":6334.67,"end":6335.15},{"text":"the","start":6335.15,"end":6335.35},{"text":"Chair","start":6335.39,"end":6335.67},{"text":"of","start":6335.67,"end":6335.75},{"text":"the","start":6335.75,"end":6335.87},{"text":"Committee","start":6335.87,"end":6336.27},{"text":"and","start":6336.27,"end":6336.47},{"text":"the","start":6336.47,"end":6336.55},{"text":"members","start":6336.55,"end":6336.83},{"text":"of","start":6336.83,"end":6336.91},{"text":"the","start":6336.91,"end":6336.99},{"text":"Bureau","start":6336.99,"end":6337.31},{"text":"for","start":6337.31,"end":6337.47},{"text":"all","start":6337.47,"end":6337.63},{"text":"of","start":6337.63,"end":6337.71},{"text":"their","start":6337.71,"end":6338.07},{"text":"efforts.","start":6338.07,"end":6338.67}]},{"text":"The group expresses its appreciation to the Secretary-General and the Secretariat for the report.","start":6340.03,"end":6347.31,"topics":[],"words":[{"text":"The","start":6340.03,"end":6340.15},{"text":"group","start":6340.15,"end":6340.51},{"text":"expresses","start":6341.55,"end":6342.11},{"text":"its","start":6342.11,"end":6342.35},{"text":"appreciation","start":6342.35,"end":6343.39},{"text":"to","start":6343.39,"end":6343.63},{"text":"the","start":6343.63,"end":6343.91},{"text":"Secretary-General","start":6343.91,"end":6344.91},{"text":"and","start":6345.07,"end":6345.35},{"text":"the","start":6345.35,"end":6345.43},{"text":"Secretariat","start":6345.43,"end":6346.19},{"text":"for","start":6346.19,"end":6346.59},{"text":"the","start":6346.59,"end":6346.75},{"text":"report.","start":6346.75,"end":6347.31}]},{"text":"The Second Committee is essential for promoting economic growth and macroeconomic questions, as well as prosperity.","start":6347.31,"end":6356.59,"topics":[],"words":[{"text":"The","start":6347.31,"end":6347.51},{"text":"Second","start":6347.51,"end":6347.75},{"text":"Committee","start":6347.75,"end":6348.19},{"text":"is","start":6348.19,"end":6348.35},{"text":"essential","start":6348.35,"end":6349.07},{"text":"for","start":6349.23,"end":6349.51},{"text":"promoting","start":6349.51,"end":6350.19},{"text":"economic","start":6350.19,"end":6350.87},{"text":"growth","start":6350.87,"end":6351.39},{"text":"and","start":6352.91,"end":6353.23},{"text":"macroeconomic","start":6353.31,"end":6354.47},{"text":"questions,","start":6354.47,"end":6355.15},{"text":"as","start":6355.15,"end":6355.31},{"text":"well","start":6355.31,"end":6355.47},{"text":"as","start":6355.47,"end":6355.63},{"text":"prosperity.","start":6355.63,"end":6356.59}]},{"text":"The Arab economy has grown by 3% last year, and in order to preserve these achievements and to build upon it, the Group reiterates the need to guarantee complete concessional financing to take into account our needs and to respect national ownership and priorities in the area of development.","start":6357.43,"end":6378.15,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"The","start":6357.43,"end":6357.55},{"text":"Arab","start":6357.55,"end":6357.79},{"text":"economy","start":6357.79,"end":6358.15},{"text":"has","start":6358.15,"end":6358.31},{"text":"grown","start":6358.31,"end":6358.63},{"text":"by","start":6358.63,"end":6358.83},{"text":"3%","start":6358.83,"end":6358.87},{"text":"last","start":6358.87,"end":6360.07},{"text":"year,","start":6360.07,"end":6360.31},{"text":"and","start":6360.31,"end":6360.79},{"text":"in","start":6360.79,"end":6360.95},{"text":"order","start":6360.95,"end":6361.19},{"text":"to","start":6361.19,"end":6361.35},{"text":"preserve","start":6361.35,"end":6361.83},{"text":"these","start":6361.83,"end":6362.07},{"text":"achievements","start":6362.07,"end":6362.87},{"text":"and","start":6363.35,"end":6363.63},{"text":"to","start":6363.63,"end":6363.91},{"text":"build","start":6363.91,"end":6364.19},{"text":"upon","start":6364.19,"end":6364.55},{"text":"it,","start":6364.55,"end":6364.71},{"text":"the","start":6364.71,"end":6364.83},{"text":"Group","start":6364.83,"end":6365.11},{"text":"reiterates","start":6365.11,"end":6365.91},{"text":"the","start":6365.91,"end":6366.03},{"text":"need","start":6366.03,"end":6366.55},{"text":"to","start":6366.87,"end":6367.35},{"text":"guarantee","start":6367.35,"end":6368.23},{"text":"complete","start":6368.55,"end":6369.19},{"text":"concessional","start":6369.19,"end":6369.83},{"text":"financing","start":6369.83,"end":6370.55},{"text":"to","start":6370.55,"end":6371.03},{"text":"take","start":6371.27,"end":6371.51},{"text":"into","start":6371.51,"end":6371.79},{"text":"account","start":6371.79,"end":6372.23},{"text":"our","start":6372.23,"end":6372.39},{"text":"needs","start":6372.39,"end":6372.95},{"text":"and","start":6372.95,"end":6373.15},{"text":"to","start":6373.15,"end":6373.23},{"text":"respect","start":6373.23,"end":6373.91},{"text":"national","start":6374.15,"end":6374.79},{"text":"ownership","start":6374.79,"end":6375.43},{"text":"and","start":6375.67,"end":6375.99},{"text":"priorities","start":6375.99,"end":6376.79},{"text":"in","start":6376.79,"end":6376.95},{"text":"the","start":6376.95,"end":6377.07},{"text":"area","start":6377.07,"end":6377.39},{"text":"of","start":6377.39,"end":6377.47},{"text":"development.","start":6377.47,"end":6378.15}]},{"text":"The Group reiterates its support for the engagement of its cities and to work on the basis of the Addis Ababa Action Plan.","start":6378.15,"end":6388.07,"topics":[],"words":[{"text":"The","start":6378.15,"end":6378.31},{"text":"Group","start":6378.31,"end":6378.63},{"text":"reiterates","start":6378.71,"end":6379.39},{"text":"its","start":6379.43,"end":6379.75},{"text":"support","start":6379.75,"end":6380.31},{"text":"for","start":6381.35,"end":6381.51},{"text":"the","start":6381.51,"end":6381.67},{"text":"engagement","start":6381.75,"end":6382.31},{"text":"of","start":6382.31,"end":6382.55},{"text":"its","start":6382.55,"end":6382.91},{"text":"cities","start":6382.91,"end":6383.43},{"text":"and","start":6383.43,"end":6383.71},{"text":"to","start":6383.71,"end":6384.31},{"text":"work","start":6385.03,"end":6385.35},{"text":"on","start":6385.35,"end":6385.43},{"text":"the","start":6385.43,"end":6385.51},{"text":"basis","start":6385.51,"end":6385.79},{"text":"of","start":6385.79,"end":6385.91},{"text":"the","start":6385.95,"end":6386.03},{"text":"Addis","start":6386.03,"end":6386.39},{"text":"Ababa","start":6386.47,"end":6386.83},{"text":"Action","start":6386.83,"end":6387.43},{"text":"Plan.","start":6387.43,"end":6388.07}]},{"text":"And to take into consideration the amount of $12 billion to facilitate financing and to address the debt burden, and also for the restructuring of the international financial system to strengthen developing countries.","start":6389.99,"end":6405.75,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"And","start":6389.99,"end":6390.27},{"text":"to","start":6390.27,"end":6390.43},{"text":"take","start":6390.43,"end":6390.55},{"text":"into","start":6390.55,"end":6390.79},{"text":"consideration","start":6390.79,"end":6391.59},{"text":"the","start":6391.59,"end":6391.79},{"text":"amount","start":6391.79,"end":6392.15},{"text":"of","start":6392.27,"end":6392.43},{"text":"$12","start":6392.43,"end":6392.47},{"text":"billion","start":6392.47,"end":6393.43},{"text":"to","start":6394.15,"end":6394.47},{"text":"facilitate","start":6394.47,"end":6395.35},{"text":"financing","start":6395.35,"end":6396.15},{"text":"and","start":6396.15,"end":6396.51},{"text":"to","start":6396.51,"end":6396.95},{"text":"address","start":6396.95,"end":6397.43},{"text":"the","start":6397.43,"end":6397.59},{"text":"debt","start":6397.59,"end":6397.99},{"text":"burden,","start":6397.99,"end":6398.55},{"text":"and","start":6398.55,"end":6398.79},{"text":"also","start":6398.79,"end":6399.19},{"text":"for","start":6399.19,"end":6399.43},{"text":"the","start":6399.43,"end":6399.55},{"text":"restructuring","start":6399.55,"end":6400.47},{"text":"of","start":6400.47,"end":6400.71},{"text":"the","start":6400.71,"end":6400.83},{"text":"international","start":6400.83,"end":6401.35},{"text":"financial","start":6401.35,"end":6401.99},{"text":"system","start":6401.99,"end":6402.55},{"text":"to","start":6402.95,"end":6403.27},{"text":"strengthen","start":6403.43,"end":6404.15},{"text":"developing","start":6404.47,"end":6405.03},{"text":"countries.","start":6405.03,"end":6405.75}]},{"text":"Economic recovery in our region.","start":6406.63,"end":6408.71,"topics":[],"words":[{"text":"Economic","start":6406.63,"end":6407.11},{"text":"recovery","start":6407.11,"end":6407.59},{"text":"in","start":6407.59,"end":6407.75},{"text":"our","start":6407.75,"end":6408.03},{"text":"region.","start":6408.03,"end":6408.71}]},{"text":"is carried out in different ways.","start":6409.75,"end":6411.35,"topics":[],"words":[{"text":"is","start":6409.75,"end":6409.83},{"text":"carried","start":6409.83,"end":6410.07},{"text":"out","start":6410.07,"end":6410.23},{"text":"in","start":6410.23,"end":6410.39},{"text":"different","start":6410.39,"end":6410.71},{"text":"ways.","start":6410.71,"end":6411.35}]},{"text":"And we call for a multilateral system that is based on rules to eliminate barriers to economic activity.","start":6413.51,"end":6423.43,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"And","start":6413.51,"end":6413.79},{"text":"we","start":6413.79,"end":6413.99},{"text":"call","start":6413.99,"end":6414.31},{"text":"for","start":6414.31,"end":6414.51},{"text":"a","start":6414.51,"end":6414.55},{"text":"multilateral","start":6414.55,"end":6415.19},{"text":"system","start":6415.19,"end":6415.75},{"text":"that","start":6415.75,"end":6416.07},{"text":"is","start":6416.07,"end":6416.23},{"text":"based","start":6416.23,"end":6416.71},{"text":"on","start":6416.71,"end":6416.95},{"text":"rules","start":6416.95,"end":6417.51},{"text":"to","start":6420.31,"end":6420.51},{"text":"eliminate","start":6420.51,"end":6421.27},{"text":"barriers","start":6421.35,"end":6421.99},{"text":"to","start":6421.99,"end":6422.15},{"text":"economic","start":6422.15,"end":6422.63},{"text":"activity.","start":6422.63,"end":6423.43}]},{"text":"We call for greater investment in energy, food And this in accordance with national priorities.","start":6425.03,"end":6435.15,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"We","start":6425.03,"end":6425.35},{"text":"call","start":6425.35,"end":6425.67},{"text":"for","start":6425.67,"end":6426.03},{"text":"greater","start":6426.03,"end":6426.55},{"text":"investment","start":6426.55,"end":6427.67},{"text":"in","start":6428.63,"end":6429.11},{"text":"energy,","start":6429.43,"end":6430.07},{"text":"food","start":6430.95,"end":6431.67},{"text":"And","start":6433.07,"end":6433.19},{"text":"this","start":6433.19,"end":6433.47},{"text":"in","start":6433.47,"end":6433.59},{"text":"accordance","start":6433.59,"end":6433.99},{"text":"with","start":6433.99,"end":6434.11},{"text":"national","start":6434.11,"end":6434.43},{"text":"priorities.","start":6434.43,"end":6435.15}]},{"text":"It is also important to increase climate financing and adaptation funding and adaptation measures.","start":6435.15,"end":6441.95,"topics":[],"words":[{"text":"It","start":6435.15,"end":6435.27},{"text":"is","start":6435.27,"end":6435.39},{"text":"also","start":6435.39,"end":6435.67},{"text":"important","start":6435.67,"end":6436.39},{"text":"to","start":6436.39,"end":6436.59},{"text":"increase","start":6436.59,"end":6437.15},{"text":"climate","start":6437.15,"end":6437.79},{"text":"financing","start":6437.79,"end":6438.43},{"text":"and","start":6438.43,"end":6438.59},{"text":"adaptation","start":6438.59,"end":6439.39},{"text":"funding","start":6439.39,"end":6440.03},{"text":"and","start":6440.59,"end":6440.91},{"text":"adaptation","start":6440.91,"end":6441.39},{"text":"measures.","start":6441.39,"end":6441.95}]},{"text":"And we reiterate the importance of the recovery of countries affected by disasters and conflicts and their reconstruction.","start":6441.95,"end":6449.63,"topics":[],"words":[{"text":"And","start":6441.95,"end":6442.07},{"text":"we","start":6442.07,"end":6442.15},{"text":"reiterate","start":6442.15,"end":6442.67},{"text":"the","start":6442.67,"end":6442.79},{"text":"importance","start":6442.79,"end":6443.55},{"text":"of","start":6443.95,"end":6444.27},{"text":"the","start":6444.51,"end":6444.67},{"text":"recovery","start":6444.67,"end":6445.39},{"text":"of","start":6445.39,"end":6445.95},{"text":"countries","start":6445.95,"end":6446.27},{"text":"affected","start":6446.27,"end":6446.67},{"text":"by","start":6446.67,"end":6446.83},{"text":"disasters","start":6446.83,"end":6447.39},{"text":"and","start":6447.39,"end":6447.55},{"text":"conflicts","start":6447.55,"end":6448.19},{"text":"and","start":6448.19,"end":6448.47},{"text":"their","start":6448.47,"end":6448.71},{"text":"reconstruction.","start":6448.71,"end":6449.63}]},{"text":"This includes Arab countries to ensure the return of job opportunities and production opportunities.","start":6449.87,"end":6456.83,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"This","start":6449.87,"end":6450.11},{"text":"includes","start":6450.11,"end":6450.59},{"text":"Arab","start":6450.59,"end":6450.95},{"text":"countries","start":6450.95,"end":6451.63},{"text":"to","start":6451.87,"end":6452.11},{"text":"ensure","start":6452.11,"end":6452.75},{"text":"the","start":6452.75,"end":6452.95},{"text":"return","start":6452.95,"end":6453.55},{"text":"of","start":6453.55,"end":6453.87},{"text":"job","start":6453.87,"end":6454.19},{"text":"opportunities","start":6454.19,"end":6455.23},{"text":"and","start":6455.23,"end":6455.55},{"text":"production","start":6455.55,"end":6456.03},{"text":"opportunities.","start":6456.03,"end":6456.83}]},{"text":"Maritime security remains essential for trade.","start":6458.75,"end":6462.27,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"Maritime","start":6458.75,"end":6459.39},{"text":"security","start":6459.39,"end":6460.03},{"text":"remains","start":6460.03,"end":6460.51},{"text":"essential","start":6460.51,"end":6461.39},{"text":"for","start":6461.39,"end":6461.79},{"text":"trade.","start":6461.79,"end":6462.27}]},{"text":"The Arab Group reiterates the fact that the closure of the Strait of Hormuz and disruption in the Strait of Bab el-Mandeb has negative repercussions on the global economy, particularly when it comes to rising prices of financing, transport and energy costs, in addition to pressure in various different areas.","start":6462.59,"end":6484.43,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"The","start":6462.59,"end":6462.79},{"text":"Arab","start":6462.79,"end":6463.07},{"text":"Group","start":6463.07,"end":6463.31},{"text":"reiterates","start":6463.31,"end":6463.75},{"text":"the","start":6463.75,"end":6463.95},{"text":"fact","start":6463.95,"end":6464.27},{"text":"that","start":6464.27,"end":6464.51},{"text":"the","start":6464.51,"end":6464.67},{"text":"closure","start":6464.67,"end":6465.67},{"text":"of","start":6465.67,"end":6465.79},{"text":"the","start":6465.79,"end":6465.91},{"text":"Strait","start":6465.91,"end":6466.23},{"text":"of","start":6466.23,"end":6466.31},{"text":"Hormuz","start":6466.31,"end":6466.91},{"text":"and","start":6466.91,"end":6467.43},{"text":"disruption","start":6467.43,"end":6468.19},{"text":"in","start":6468.19,"end":6468.51},{"text":"the","start":6468.51,"end":6468.71},{"text":"Strait","start":6468.75,"end":6469.07},{"text":"of","start":6469.07,"end":6469.15},{"text":"Bab","start":6469.15,"end":6469.31},{"text":"el-Mandeb","start":6469.31,"end":6469.87},{"text":"has","start":6470.35,"end":6470.91},{"text":"negative","start":6470.99,"end":6471.63},{"text":"repercussions","start":6471.63,"end":6472.59},{"text":"on","start":6472.59,"end":6472.91},{"text":"the","start":6472.91,"end":6473.03},{"text":"global","start":6473.07,"end":6473.43},{"text":"economy,","start":6473.43,"end":6473.87},{"text":"particularly","start":6473.87,"end":6474.47},{"text":"when","start":6474.47,"end":6474.63},{"text":"it","start":6474.63,"end":6474.71},{"text":"comes","start":6474.71,"end":6475.15},{"text":"to","start":6475.15,"end":6475.55},{"text":"rising","start":6475.55,"end":6476.11},{"text":"prices","start":6476.11,"end":6476.75},{"text":"of","start":6476.95,"end":6477.23},{"text":"financing,","start":6477.23,"end":6477.95},{"text":"transport","start":6478.03,"end":6478.67},{"text":"and","start":6478.67,"end":6478.83},{"text":"energy","start":6478.83,"end":6479.19},{"text":"costs,","start":6479.19,"end":6479.55},{"text":"in","start":6479.55,"end":6479.71},{"text":"addition","start":6479.71,"end":6480.35},{"text":"to","start":6480.83,"end":6481.31},{"text":"pressure","start":6481.31,"end":6482.03},{"text":"in","start":6482.99,"end":6483.23},{"text":"various","start":6483.23,"end":6483.55},{"text":"different","start":6483.55,"end":6483.87},{"text":"areas.","start":6483.87,"end":6484.43}]},{"text":"We condemn the closure of the Strait of Hormuz and the disruption of the Bab el-Mandeb Strait.","start":6487.67,"end":6495.03,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"We","start":6487.67,"end":6487.83},{"text":"condemn","start":6487.83,"end":6488.47},{"text":"the","start":6488.47,"end":6488.67},{"text":"closure","start":6488.79,"end":6489.51},{"text":"of","start":6490.71,"end":6490.87},{"text":"the","start":6490.87,"end":6490.99},{"text":"Strait","start":6490.99,"end":6491.31},{"text":"of","start":6491.31,"end":6491.43},{"text":"Hormuz","start":6491.43,"end":6492.07},{"text":"and","start":6492.31,"end":6492.71},{"text":"the","start":6492.71,"end":6492.87},{"text":"disruption","start":6492.87,"end":6493.51},{"text":"of","start":6493.51,"end":6493.67},{"text":"the","start":6493.67,"end":6493.83},{"text":"Bab","start":6493.83,"end":6494.07},{"text":"el-Mandeb","start":6494.07,"end":6494.51},{"text":"Strait.","start":6494.51,"end":6495.03}]},{"text":"These measures constitute a threat to energy security at the international level and a threat to international trade.","start":6495.51,"end":6505.11,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"These","start":6495.51,"end":6495.91},{"text":"measures","start":6495.91,"end":6496.55},{"text":"constitute","start":6497.35,"end":6498.55},{"text":"a","start":6498.71,"end":6498.75},{"text":"threat","start":6498.75,"end":6499.55},{"text":"to","start":6499.55,"end":6499.83},{"text":"energy","start":6499.91,"end":6500.39},{"text":"security","start":6500.39,"end":6500.95},{"text":"at","start":6500.95,"end":6501.07},{"text":"the","start":6501.07,"end":6501.15},{"text":"international","start":6501.15,"end":6501.87},{"text":"level","start":6501.87,"end":6502.23},{"text":"and","start":6503.19,"end":6503.55},{"text":"a","start":6503.55,"end":6503.59},{"text":"threat","start":6503.59,"end":6503.87},{"text":"to","start":6503.87,"end":6503.95},{"text":"international","start":6503.95,"end":6504.55},{"text":"trade.","start":6504.55,"end":6505.11}]},{"text":"Iran must take no measures that contradict international law or the United Nations Convention on the Law of the Sea.","start":6507.23,"end":6516.39,"topics":[],"words":[{"text":"Iran","start":6507.23,"end":6507.67},{"text":"must","start":6507.75,"end":6508.35},{"text":"take","start":6508.35,"end":6508.63},{"text":"no","start":6508.71,"end":6509.27},{"text":"measures","start":6509.27,"end":6510.07},{"text":"that","start":6510.07,"end":6510.55},{"text":"contradict","start":6511.19,"end":6512.15},{"text":"international","start":6512.15,"end":6513.51},{"text":"law","start":6513.59,"end":6513.67},{"text":"or","start":6513.67,"end":6513.99},{"text":"the","start":6513.99,"end":6514.07},{"text":"United","start":6514.07,"end":6514.43},{"text":"Nations","start":6514.43,"end":6514.79},{"text":"Convention","start":6514.79,"end":6515.27},{"text":"on","start":6515.27,"end":6515.39},{"text":"the","start":6515.39,"end":6515.47},{"text":"Law","start":6515.47,"end":6515.63},{"text":"of","start":6515.63,"end":6515.75},{"text":"the","start":6515.75,"end":6515.87},{"text":"Sea.","start":6515.87,"end":6516.39}]},{"text":"We reiterate the fact that we cannot achieve sustainable development without peace, and there can be no peace without sustainable development.","start":6516.63,"end":6524.63,"topics":[],"words":[{"text":"We","start":6516.63,"end":6517.03},{"text":"reiterate","start":6517.03,"end":6517.67},{"text":"the","start":6517.67,"end":6517.83},{"text":"fact","start":6517.83,"end":6518.27},{"text":"that","start":6518.31,"end":6518.71},{"text":"we","start":6518.71,"end":6518.95},{"text":"cannot","start":6518.95,"end":6519.27},{"text":"achieve","start":6519.27,"end":6519.67},{"text":"sustainable","start":6519.67,"end":6520.07},{"text":"development","start":6520.07,"end":6520.51},{"text":"without","start":6520.51,"end":6520.79},{"text":"peace,","start":6520.79,"end":6521.27},{"text":"and","start":6521.27,"end":6521.39},{"text":"there","start":6521.39,"end":6521.51},{"text":"can","start":6521.51,"end":6521.67},{"text":"be","start":6521.67,"end":6521.83},{"text":"no","start":6521.83,"end":6522.07},{"text":"peace","start":6522.07,"end":6522.55},{"text":"without","start":6522.71,"end":6523.19},{"text":"sustainable","start":6523.19,"end":6523.79},{"text":"development.","start":6523.79,"end":6524.63}]},{"text":"90% of economic infrastructure in Gaza must be taken into consideration.","start":6526.23,"end":6534.31,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"90%","start":6526.23,"end":6526.27},{"text":"of","start":6526.27,"end":6526.79},{"text":"economic","start":6527.99,"end":6528.71},{"text":"infrastructure","start":6528.71,"end":6529.59},{"text":"in","start":6529.59,"end":6529.91},{"text":"Gaza","start":6529.91,"end":6530.47},{"text":"must","start":6532.47,"end":6532.79},{"text":"be","start":6532.79,"end":6533.11},{"text":"taken","start":6533.11,"end":6533.39},{"text":"into","start":6533.39,"end":6533.55},{"text":"consideration.","start":6533.55,"end":6534.31}]},{"text":"We express our solidarity.","start":6535.99,"end":6537.51,"topics":[],"words":[{"text":"We","start":6535.99,"end":6536.11},{"text":"express","start":6536.11,"end":6536.47},{"text":"our","start":6536.47,"end":6536.59},{"text":"solidarity.","start":6536.59,"end":6537.51}]},{"text":"with the Palestinian people in its resistance, as well as its inalienable right to development.","start":6538.43,"end":6546.07,"topics":[],"words":[{"text":"with","start":6538.43,"end":6538.67},{"text":"the","start":6538.75,"end":6539.03},{"text":"Palestinian","start":6539.39,"end":6540.03},{"text":"people","start":6540.03,"end":6540.51},{"text":"in","start":6540.59,"end":6540.83},{"text":"its","start":6540.83,"end":6540.99},{"text":"resistance,","start":6540.99,"end":6541.63},{"text":"as","start":6542.11,"end":6542.43},{"text":"well","start":6542.43,"end":6542.83},{"text":"as","start":6542.83,"end":6543.07},{"text":"its","start":6543.07,"end":6543.31},{"text":"inalienable","start":6543.31,"end":6544.11},{"text":"right","start":6544.11,"end":6544.71},{"text":"to","start":6544.71,"end":6544.99},{"text":"development.","start":6545.31,"end":6546.07}]},{"text":"And we condemn measures taken by the occupying power.","start":6546.07,"end":6549.19,"topics":[],"words":[{"text":"And","start":6546.07,"end":6546.23},{"text":"we","start":6546.23,"end":6546.43},{"text":"condemn","start":6546.43,"end":6547.19},{"text":"measures","start":6547.19,"end":6547.55},{"text":"taken","start":6547.55,"end":6547.95},{"text":"by","start":6547.95,"end":6548.11},{"text":"the","start":6548.11,"end":6548.31},{"text":"occupying","start":6548.31,"end":6548.83},{"text":"power.","start":6548.83,"end":6549.19}]},{"text":"And we call for a removal of constraints and the embargo, and for reconstruction and recovery, be it in Gaza or in the West 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categorically reject policies adopted by Israel as relates to forced displacement.","start":6560.59,"end":6569.99,"topics":[],"words":[{"text":"We","start":6560.59,"end":6560.83},{"text":"categorically","start":6560.83,"end":6561.87},{"text":"reject","start":6562.35,"end":6563.15},{"text":"policies","start":6564.43,"end":6565.15},{"text":"adopted","start":6565.23,"end":6565.87},{"text":"by","start":6565.87,"end":6566.11},{"text":"Israel","start":6566.11,"end":6566.83},{"text":"as","start":6567.75,"end":6567.99},{"text":"relates","start":6567.99,"end":6568.51},{"text":"to","start":6568.51,"end":6568.63},{"text":"forced","start":6568.63,"end":6569.15},{"text":"displacement.","start":6569.15,"end":6569.99}]},{"text":"And we call for the creation of a Palestinian state that is 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integrity.","start":6576.23,"end":6584.15,"topics":[],"words":[{"text":"And","start":6576.23,"end":6576.39},{"text":"we","start":6576.39,"end":6576.47},{"text":"support","start":6576.47,"end":6576.79},{"text":"Lebanon","start":6576.79,"end":6577.27},{"text":"and","start":6577.27,"end":6577.43},{"text":"Syria","start":6577.43,"end":6577.91},{"text":"and","start":6578.79,"end":6578.95},{"text":"call","start":6578.95,"end":6579.35},{"text":"for","start":6579.35,"end":6579.51},{"text":"their","start":6579.51,"end":6579.79},{"text":"reconstruction","start":6579.79,"end":6580.55},{"text":"and","start":6580.55,"end":6580.79},{"text":"for","start":6580.79,"end":6580.95},{"text":"the","start":6580.95,"end":6581.03},{"text":"preservation","start":6581.03,"end":6581.55},{"text":"of","start":6581.55,"end":6581.67},{"text":"their","start":6581.67,"end":6581.83},{"text":"independence","start":6581.83,"end":6582.55},{"text":"and","start":6582.55,"end":6582.83},{"text":"territorial","start":6582.83,"end":6583.47},{"text":"integrity.","start":6583.47,"end":6584.15}]},{"text":"By way of conclusion, Mr. Chair, We stand ready to promote cooperation between states of the South, as well as development partnerships, and to work with ESCWA to ensure follow-up on the Seville commitment in accordance with the established timeframes and 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order to take into account the needs of our population and strengthen joint efforts to achieve the SDGs by 2030.","start":6605.79,"end":6615.11,"topics":[],"words":[{"text":"In","start":6605.79,"end":6605.95},{"text":"order","start":6605.95,"end":6606.15},{"text":"to","start":6606.15,"end":6606.39},{"text":"take","start":6606.39,"end":6606.59},{"text":"into","start":6606.59,"end":6607.11},{"text":"account","start":6607.11,"end":6607.55},{"text":"the","start":6607.55,"end":6607.67},{"text":"needs","start":6607.67,"end":6608.11},{"text":"of","start":6608.11,"end":6608.27},{"text":"our","start":6608.27,"end":6608.39},{"text":"population","start":6608.39,"end":6609.39},{"text":"and","start":6609.63,"end":6609.83},{"text":"strengthen","start":6609.83,"end":6610.59},{"text":"joint","start":6610.83,"end":6611.31},{"text":"efforts","start":6611.39,"end":6612.03},{"text":"to","start":6612.03,"end":6612.15},{"text":"achieve","start":6612.15,"end":6612.75},{"text":"the","start":6612.75,"end":6612.99},{"text":"SDGs","start":6613.07,"end":6614.03},{"text":"by","start":6614.03,"end":6614.19},{"text":"2030.","start":6614.19,"end":6615.11}]},{"text":"Thank you, Mr. Chair.","start":6615.15,"end":6616.51,"topics":[],"words":[{"text":"Thank","start":6615.15,"end":6615.47},{"text":"you,","start":6615.47,"end":6615.63},{"text":"Mr.","start":6615.95,"end":6616.27},{"text":"Chair.","start":6616.27,"end":6616.51}]}]}],"speaker":{"affiliation":"LBY","group":"Arab Group","function":null,"affiliation_full":"Libya"}},{"statement_number":37,"start":6618.15,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:50:19","paragraphs":[{"sentences":[{"text":"I thank the representative of Libya speaking on behalf of the Arab 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Cuba.","start":6630.63,"end":6650.35,"topics":[],"words":[{"text":"Mr.","start":6630.63,"end":6630.95},{"text":"Chair,","start":6630.95,"end":6631.27},{"text":"Cuba","start":6631.91,"end":6632.23},{"text":"has","start":6632.23,"end":6632.39},{"text":"the","start":6632.39,"end":6632.59},{"text":"honor","start":6632.59,"end":6632.79},{"text":"to","start":6632.79,"end":6633.07},{"text":"take","start":6633.07,"end":6633.23},{"text":"the","start":6633.23,"end":6633.35},{"text":"floor","start":6633.35,"end":6633.67},{"text":"on","start":6633.67,"end":6633.75},{"text":"behalf","start":6633.75,"end":6633.99},{"text":"of","start":6633.99,"end":6634.23},{"text":"the","start":6634.23,"end":6634.35},{"text":"following","start":6634.35,"end":6634.79},{"text":"group","start":6634.79,"end":6635.11},{"text":"of","start":6635.11,"end":6635.27},{"text":"like-minded","start":6635.27,"end":6635.79},{"text":"countries,","start":6635.79,"end":6636.63},{"text":"Belarus,","start":6636.87,"end":6637.51},{"text":"Burundi,","start":6637.59,"end":6638.23},{"text":"China,","start":6638.31,"end":6638.79},{"text":"Democratic","start":6639.31,"end":6639.79},{"text":"People's","start":6639.79,"end":6640.19},{"text":"Republic","start":6640.19,"end":6640.67},{"text":"of","start":6640.67,"end":6640.79},{"text":"Korea,","start":6640.79,"end":6641.47},{"text":"Equatorial","start":6641.55,"end":6642.27},{"text":"Guinea,","start":6642.27,"end":6642.87},{"text":"Eritrea,","start":6642.99,"end":6643.71},{"text":"Iran,","start":6643.79,"end":6644.35},{"text":"Laos,","start":6644.35,"end":6644.83},{"text":"Mali,","start":6644.99,"end":6645.39},{"text":"Nicaragua,","start":6645.39,"end":6646.11},{"text":"Niger,","start":6646.11,"end":6646.75},{"text":"Russia,","start":6646.83,"end":6647.51},{"text":"Uganda,","start":6647.51,"end":6648.03},{"text":"Zimbabwe,","start":6648.03,"end":6648.67},{"text":"and","start":6648.75,"end":6648.87},{"text":"my","start":6648.87,"end":6649.07},{"text":"own","start":6649.07,"end":6649.39},{"text":"country,","start":6649.39,"end":6649.87},{"text":"Cuba.","start":6649.95,"end":6650.35}]},{"text":"The full version of this statement will be submitted for publication.","start":6651.07,"end":6654.35,"topics":[],"words":[{"text":"The","start":6651.07,"end":6651.19},{"text":"full","start":6651.19,"end":6651.39},{"text":"version","start":6651.39,"end":6651.71},{"text":"of","start":6651.71,"end":6651.87},{"text":"this","start":6651.87,"end":6652.11},{"text":"statement","start":6652.11,"end":6652.47},{"text":"will","start":6652.47,"end":6652.59},{"text":"be","start":6652.59,"end":6652.75},{"text":"submitted","start":6652.75,"end":6653.27},{"text":"for","start":6653.31,"end":6653.55},{"text":"publication.","start":6653.55,"end":6654.35}]},{"text":"We reaffirm our readiness to engage constructively in the work of the TUCI.","start":6654.99,"end":6659.07,"topics":[],"words":[{"text":"We","start":6654.99,"end":6655.19},{"text":"reaffirm","start":6655.19,"end":6655.63},{"text":"our","start":6655.63,"end":6655.75},{"text":"readiness","start":6655.75,"end":6656.27},{"text":"to","start":6656.27,"end":6656.39},{"text":"engage","start":6656.39,"end":6656.75},{"text":"constructively","start":6656.75,"end":6657.55},{"text":"in","start":6657.71,"end":6657.87},{"text":"the","start":6657.87,"end":6657.99},{"text":"work","start":6657.99,"end":6658.27},{"text":"of","start":6658.27,"end":6658.39},{"text":"the","start":6658.39,"end":6658.47},{"text":"TUCI.","start":6658.47,"end":6659.07}]},{"text":"guided by the purposes and principles of the charter in all the entirety and interconnectedness, including sovereign equality and non-interference in the internal affairs of states.","start":6659.51,"end":6669.79,"topics":[],"words":[{"text":"guided","start":6659.51,"end":6659.71},{"text":"by","start":6659.71,"end":6659.87},{"text":"the","start":6659.87,"end":6659.95},{"text":"purposes","start":6659.95,"end":6660.55},{"text":"and","start":6660.55,"end":6660.71},{"text":"principles","start":6660.71,"end":6661.31},{"text":"of","start":6661.39,"end":6661.59},{"text":"the","start":6661.59,"end":6661.75},{"text":"charter","start":6661.75,"end":6662.19},{"text":"in","start":6662.27,"end":6662.51},{"text":"all","start":6662.51,"end":6662.75},{"text":"the","start":6662.75,"end":6662.87},{"text":"entirety","start":6662.87,"end":6663.55},{"text":"and","start":6663.55,"end":6663.79},{"text":"interconnectedness,","start":6663.79,"end":6664.91},{"text":"including","start":6665.07,"end":6665.59},{"text":"sovereign","start":6665.59,"end":6665.99},{"text":"equality","start":6665.99,"end":6666.67},{"text":"and","start":6666.75,"end":6666.95},{"text":"non-interference","start":6666.95,"end":6667.87},{"text":"in","start":6667.87,"end":6667.99},{"text":"the","start":6667.99,"end":6668.07},{"text":"internal","start":6668.07,"end":6668.59},{"text":"affairs","start":6668.59,"end":6669.07},{"text":"of","start":6669.07,"end":6669.31},{"text":"states.","start":6669.31,"end":6669.79}]},{"text":"Developing countries continue to face severe challenges, growing debt, restrictive financing conditions, increased food and energy prices, unilateral coercive measure as known as UCM, protectionist, climate change, and technological and digital divides.","start":6670.75,"end":6688.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Developing","start":6670.75,"end":6671.31},{"text":"countries","start":6671.31,"end":6671.71},{"text":"continue","start":6671.71,"end":6672.11},{"text":"to","start":6672.11,"end":6672.23},{"text":"face","start":6672.23,"end":6672.55},{"text":"severe","start":6672.55,"end":6672.83},{"text":"challenges,","start":6672.83,"end":6673.55},{"text":"growing","start":6673.55,"end":6673.95},{"text":"debt,","start":6673.95,"end":6674.35},{"text":"restrictive","start":6674.43,"end":6674.91},{"text":"financing","start":6674.91,"end":6675.35},{"text":"conditions,","start":6675.35,"end":6676.03},{"text":"increased","start":6676.27,"end":6676.75},{"text":"food","start":6676.75,"end":6677.23},{"text":"and","start":6677.23,"end":6677.47},{"text":"energy","start":6677.47,"end":6677.95},{"text":"prices,","start":6678.19,"end":6678.75},{"text":"unilateral","start":6678.99,"end":6679.67},{"text":"coercive","start":6679.67,"end":6680.03},{"text":"measure","start":6680.03,"end":6680.59},{"text":"as","start":6681.23,"end":6681.95},{"text":"known","start":6682.51,"end":6682.91},{"text":"as","start":6682.95,"end":6683.15},{"text":"UCM,","start":6683.15,"end":6683.71},{"text":"protectionist,","start":6684.03,"end":6685.39},{"text":"climate","start":6685.39,"end":6685.87},{"text":"change,","start":6685.87,"end":6686.27},{"text":"and","start":6686.27,"end":6686.47},{"text":"technological","start":6686.47,"end":6687.23},{"text":"and","start":6687.23,"end":6687.43},{"text":"digital","start":6687.43,"end":6687.87},{"text":"divides.","start":6687.87,"end":6688.51}]},{"text":"A major obstacle to sustainable development, which cannot be ignored in our discussions, is the continued promulgation and applications of UCMs, including those with extraterritorial effects.","start":6689.35,"end":6701.39,"topics":[],"words":[{"text":"A","start":6689.35,"end":6689.36},{"text":"major","start":6689.35,"end":6689.79},{"text":"obstacle","start":6689.79,"end":6690.27},{"text":"to","start":6690.27,"end":6690.39},{"text":"sustainable","start":6690.39,"end":6690.91},{"text":"development,","start":6690.91,"end":6691.47},{"text":"which","start":6691.67,"end":6691.95},{"text":"cannot","start":6691.95,"end":6692.35},{"text":"be","start":6692.35,"end":6692.59},{"text":"ignored","start":6692.59,"end":6693.07},{"text":"in","start":6693.07,"end":6693.31},{"text":"our","start":6693.31,"end":6693.43},{"text":"discussions,","start":6693.43,"end":6694.11},{"text":"is","start":6694.35,"end":6694.51},{"text":"the","start":6694.51,"end":6694.63},{"text":"continued","start":6694.63,"end":6695.15},{"text":"promulgation","start":6695.15,"end":6696.03},{"text":"and","start":6696.03,"end":6696.15},{"text":"applications","start":6696.15,"end":6696.91},{"text":"of","start":6696.91,"end":6697.23},{"text":"UCMs,","start":6697.43,"end":6697.95},{"text":"including","start":6698.27,"end":6698.83},{"text":"those","start":6698.83,"end":6699.23},{"text":"with","start":6699.23,"end":6699.43},{"text":"extraterritorial","start":6699.63,"end":6700.75},{"text":"effects.","start":6700.75,"end":6701.39}]},{"text":"Such measures disrupt banking and payment channels, deter trade, shipping, and insurance, increase transaction costs, and restrict access to financing, food, medicine, energy, and technologies.","start":6701.87,"end":6714.83,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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member states continue to experience the adverse effects of unilateral coercive measures, including Belarus, the Democratic People's Republic of Korea, Iran, Nicaragua, Russia, Venezuela, Zimbabwe, and Cuba, with a recent and unprecedented energy siege imposed by the US to deny the arrival of fuel to my country.","start":6715.75,"end":6736.71,"topics":[],"words":[{"text":"Several","start":6715.75,"end":6715.99},{"text":"member","start":6715.99,"end":6716.31},{"text":"states","start":6716.31,"end":6716.95},{"text":"continue","start":6716.95,"end":6717.51},{"text":"to","start":6717.51,"end":6717.59},{"text":"experience","start":6717.59,"end":6718.15},{"text":"the","start":6718.15,"end":6718.27},{"text":"adverse","start":6718.27,"end":6718.63},{"text":"effects","start":6718.63,"end":6719.67},{"text":"of","start":6719.75,"end":6719.99},{"text":"unilateral","start":6719.99,"end":6720.55},{"text":"coercive","start":6720.55,"end":6720.95},{"text":"measures,","start":6720.95,"end":6721.51},{"text":"including","start":6721.59,"end":6722.23},{"text":"Belarus,","start":6722.47,"end":6723.03},{"text":"the","start":6723.27,"end":6723.43},{"text":"Democratic","start":6723.43,"end":6723.95},{"text":"People's","start":6723.95,"end":6724.31},{"text":"Republic","start":6724.31,"end":6724.75},{"text":"of","start":6724.75,"end":6724.87},{"text":"Korea,","start":6724.87,"end":6725.43},{"text":"Iran,","start":6725.59,"end":6726.11},{"text":"Nicaragua,","start":6726.11,"end":6726.67},{"text":"Russia,","start":6726.67,"end":6727.27},{"text":"Venezuela,","start":6727.43,"end":6728.07},{"text":"Zimbabwe,","start":6728.15,"end":6728.87},{"text":"and","start":6729.03,"end":6729.27},{"text":"Cuba,","start":6729.27,"end":6729.67},{"text":"with","start":6729.99,"end":6730.27},{"text":"a","start":6730.27,"end":6730.31},{"text":"recent","start":6730.31,"end":6730.71},{"text":"and","start":6730.71,"end":6730.83},{"text":"unprecedented","start":6730.83,"end":6731.51},{"text":"energy","start":6731.51,"end":6731.99},{"text":"siege","start":6731.99,"end":6732.39},{"text":"imposed","start":6732.55,"end":6733.15},{"text":"by","start":6733.15,"end":6733.27},{"text":"the","start":6733.27,"end":6733.47},{"text":"US","start":6733.59,"end":6733.99},{"text":"to","start":6734.23,"end":6734.39},{"text":"deny","start":6734.39,"end":6734.79},{"text":"the","start":6734.79,"end":6734.91},{"text":"arrival","start":6734.91,"end":6735.31},{"text":"of","start":6735.31,"end":6735.39},{"text":"fuel","start":6735.39,"end":6735.83},{"text":"to","start":6735.83,"end":6736.03},{"text":"my","start":6736.03,"end":6736.15},{"text":"country.","start":6736.15,"end":6736.71}]},{"text":"Their consequences extend beyond states, affecting the development and well-being of hundreds of millions of people.","start":6737.35,"end":6744.23,"topics":[],"words":[{"text":"Their","start":6737.35,"end":6737.59},{"text":"consequences","start":6737.59,"end":6738.55},{"text":"extend","start":6738.79,"end":6739.19},{"text":"beyond","start":6739.19,"end":6739.67},{"text":"states,","start":6739.67,"end":6740.15},{"text":"affecting","start":6740.27,"end":6740.71},{"text":"the","start":6740.71,"end":6740.83},{"text":"development","start":6740.83,"end":6741.43},{"text":"and","start":6741.43,"end":6741.59},{"text":"well-being","start":6741.59,"end":6742.15},{"text":"of","start":6742.15,"end":6742.39},{"text":"hundreds","start":6742.39,"end":6742.87},{"text":"of","start":6742.87,"end":6743.03},{"text":"millions","start":6743.03,"end":6743.59},{"text":"of","start":6743.67,"end":6743.83},{"text":"people.","start":6743.83,"end":6744.23}]},{"text":"The use of access to energy, financial flows, trade or essential supplies as instruments of political pressure is unacceptable.","start":6745.39,"end":6753.71,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"The","start":6745.39,"end":6745.43},{"text":"use","start":6745.43,"end":6745.71},{"text":"of","start":6745.71,"end":6745.95},{"text":"access","start":6745.95,"end":6746.19},{"text":"to","start":6746.19,"end":6746.51},{"text":"energy,","start":6746.51,"end":6747.07},{"text":"financial","start":6747.15,"end":6747.79},{"text":"flows,","start":6747.79,"end":6748.19},{"text":"trade","start":6748.51,"end":6748.83},{"text":"or","start":6748.83,"end":6749.11},{"text":"essential","start":6749.11,"end":6749.51},{"text":"supplies","start":6749.51,"end":6750.11},{"text":"as","start":6750.27,"end":6750.43},{"text":"instruments","start":6750.43,"end":6750.99},{"text":"of","start":6750.99,"end":6751.11},{"text":"political","start":6751.11,"end":6751.71},{"text":"pressure","start":6751.71,"end":6752.27},{"text":"is","start":6752.43,"end":6752.75},{"text":"unacceptable.","start":6752.83,"end":6753.71}]},{"text":"We therefore reiterate our call for the complete, immediate and unconditional lifting of all UCMs.","start":6754.27,"end":6760.67,"topics":[],"words":[{"text":"We","start":6754.27,"end":6754.51},{"text":"therefore","start":6754.51,"end":6755.03},{"text":"reiterate","start":6755.03,"end":6755.51},{"text":"our","start":6755.51,"end":6755.71},{"text":"call","start":6755.71,"end":6756.03},{"text":"for","start":6756.19,"end":6756.39},{"text":"the","start":6756.39,"end":6756.51},{"text":"complete,","start":6756.51,"end":6756.91},{"text":"immediate","start":6756.91,"end":6757.63},{"text":"and","start":6757.63,"end":6757.87},{"text":"unconditional","start":6757.87,"end":6758.63},{"text":"lifting","start":6758.63,"end":6759.07},{"text":"of","start":6759.07,"end":6759.39},{"text":"all","start":6759.47,"end":6760.27},{"text":"UCMs.","start":6760.27,"end":6760.67}]},{"text":"We also reject the use of tariffs and other trade or climate-related restrictions as instruments of unilateral pressure or economic coercion.","start":6761.07,"end":6770.99,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"We","start":6761.07,"end":6761.35},{"text":"also","start":6761.35,"end":6761.59},{"text":"reject","start":6761.59,"end":6762.11},{"text":"the","start":6762.11,"end":6762.31},{"text":"use","start":6762.31,"end":6762.51},{"text":"of","start":6762.51,"end":6762.67},{"text":"tariffs","start":6762.67,"end":6763.15},{"text":"and","start":6763.55,"end":6763.79},{"text":"other","start":6763.79,"end":6764.03},{"text":"trade","start":6764.03,"end":6764.35},{"text":"or","start":6764.59,"end":6764.79},{"text":"climate-related","start":6764.79,"end":6765.79},{"text":"restrictions","start":6765.79,"end":6766.51},{"text":"as","start":6766.75,"end":6766.99},{"text":"instruments","start":6766.99,"end":6767.63},{"text":"of","start":6767.79,"end":6768.03},{"text":"unilateral","start":6768.03,"end":6768.79},{"text":"pressure","start":6768.83,"end":6769.39},{"text":"or","start":6769.39,"end":6769.63},{"text":"economic","start":6769.63,"end":6770.27},{"text":"coercion.","start":6770.35,"end":6770.99}]},{"text":"In this context, We welcome the designation of 4th December as the International Day against UCMs and reaffirm our commitment to raising awareness of their impact on sustainable development.","start":6771.31,"end":6782.59,"topics":[],"words":[{"text":"In","start":6771.31,"end":6771.47},{"text":"this","start":6771.47,"end":6771.71},{"text":"context,","start":6771.71,"end":6772.27},{"text":"We","start":6772.83,"end":6772.91},{"text":"welcome","start":6772.91,"end":6773.39},{"text":"the","start":6773.39,"end":6773.47},{"text":"designation","start":6773.47,"end":6774.11},{"text":"of","start":6774.11,"end":6774.31},{"text":"4th","start":6774.31,"end":6774.71},{"text":"December","start":6774.71,"end":6775.31},{"text":"as","start":6775.31,"end":6775.47},{"text":"the","start":6775.47,"end":6775.55},{"text":"International","start":6775.55,"end":6776.19},{"text":"Day","start":6776.19,"end":6776.51},{"text":"against","start":6776.51,"end":6776.95},{"text":"UCMs","start":6776.95,"end":6777.23},{"text":"and","start":6777.31,"end":6777.59},{"text":"reaffirm","start":6777.71,"end":6778.31},{"text":"our","start":6778.31,"end":6778.51},{"text":"commitment","start":6778.51,"end":6779.03},{"text":"to","start":6779.03,"end":6779.11},{"text":"raising","start":6779.11,"end":6779.55},{"text":"awareness","start":6779.55,"end":6780.11},{"text":"of","start":6780.19,"end":6780.35},{"text":"their","start":6780.35,"end":6780.55},{"text":"impact","start":6780.55,"end":6781.07},{"text":"on","start":6781.15,"end":6781.23},{"text":"sustainable","start":6781.23,"end":6781.95},{"text":"development.","start":6782.03,"end":6782.59}]},{"text":"Chair, following the Sevilla commitment, our priority must be to translate agreed commitments into concrete and timely actions.","start":6782.99,"end":6791.23,"topics":[],"words":[{"text":"Chair,","start":6782.99,"end":6783.55},{"text":"following","start":6784.19,"end":6784.67},{"text":"the","start":6784.67,"end":6784.79},{"text":"Sevilla","start":6784.79,"end":6785.15},{"text":"commitment,","start":6785.15,"end":6785.71},{"text":"our","start":6785.71,"end":6785.87},{"text":"priority","start":6785.87,"end":6786.35},{"text":"must","start":6786.35,"end":6786.67},{"text":"be","start":6786.67,"end":6786.83},{"text":"to","start":6786.83,"end":6787.39},{"text":"translate","start":6787.39,"end":6787.95},{"text":"agreed","start":6787.95,"end":6788.27},{"text":"commitments","start":6788.27,"end":6788.91},{"text":"into","start":6788.99,"end":6789.31},{"text":"concrete","start":6789.31,"end":6789.87},{"text":"and","start":6789.87,"end":6790.07},{"text":"timely","start":6790.07,"end":6790.67},{"text":"actions.","start":6790.67,"end":6791.23}]},{"text":"In this regard, the group highlights five priorities.","start":6791.63,"end":6794.43,"topics":[],"words":[{"text":"In","start":6791.63,"end":6791.79},{"text":"this","start":6791.79,"end":6791.95},{"text":"regard,","start":6791.95,"end":6792.35},{"text":"the","start":6792.35,"end":6792.47},{"text":"group","start":6792.47,"end":6792.83},{"text":"highlights","start":6792.83,"end":6793.39},{"text":"five","start":6793.47,"end":6793.71},{"text":"priorities.","start":6793.71,"end":6794.43}]},{"text":"First, reform of the international financial architecture can no longer be postponed.","start":6794.51,"end":6799.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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with 2030 rapidly approaching, commitments must be matched by implementation, adequate resource, and genuine international 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through genuine and inclusive multilateralism, solidarity, and full respect for the Charter can we advance the development and well-being of our 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I thank the Deputy Minister of Sierra Leone for her statement.","start":7134.03,"end":7139.71,"topics":[],"words":[{"text":"I.","start":7134.03,"end":7134.35},{"text":"I","start":7136.03,"end":7136.27},{"text":"thank","start":7136.27,"end":7136.67},{"text":"the","start":7136.67,"end":7136.99},{"text":"Deputy","start":7136.99,"end":7137.63},{"text":"Minister","start":7137.63,"end":7137.99},{"text":"of","start":7137.99,"end":7138.07},{"text":"Sierra","start":7138.07,"end":7138.35},{"text":"Leone","start":7138.35,"end":7138.75},{"text":"for","start":7138.75,"end":7138.95},{"text":"her","start":7138.95,"end":7139.07},{"text":"statement.","start":7139.07,"end":7139.71}]},{"text":"And I give the floor to the distinguished representative of Belarus.","start":7141.27,"end":7145.19,"topics":[],"words":[{"text":"And","start":7141.27,"end":7141.55},{"text":"I","start":7141.55,"end":7141.59},{"text":"give","start":7141.59,"end":7141.75},{"text":"the","start":7141.75,"end":7141.83},{"text":"floor","start":7141.83,"end":7142.23},{"text":"to","start":7142.31,"end":7142.47},{"text":"the","start":7142.47,"end":7142.55},{"text":"distinguished","start":7142.55,"end":7143.03},{"text":"representative","start":7143.03,"end":7143.83},{"text":"of","start":7143.91,"end":7144.31},{"text":"Belarus.","start":7144.47,"end":7145.19}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":42,"start":7149.83,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=1:59:10","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":7149.83,"end":7150.47,"topics":[],"words":[{"text":"Thank","start":7149.83,"end":7150.03},{"text":"you,","start":7150.03,"end":7150.11},{"text":"Mr.","start":7150.11,"end":7150.35},{"text":"Chair.","start":7150.35,"end":7150.47}]},{"text":"International trade remains the key driver of sustainable development, economic growth, and food security.","start":7152.31,"end":7159.75,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Republic of Belarus, as an active participant in the Eurasian Economic Union and the Shanghai Cooperation Organization, firmly intends to continue its work in this 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India.","start":7312.47,"end":7316.47,"topics":[],"words":[{"text":"I","start":7312.47,"end":7312.79},{"text":"now","start":7312.79,"end":7313.03},{"text":"give","start":7313.03,"end":7313.19},{"text":"the","start":7313.19,"end":7313.31},{"text":"floor","start":7313.31,"end":7313.59},{"text":"to","start":7313.59,"end":7313.71},{"text":"the","start":7313.71,"end":7313.79},{"text":"distinguished","start":7313.79,"end":7314.31},{"text":"representative","start":7314.31,"end":7315.19},{"text":"of","start":7315.27,"end":7315.75},{"text":"India.","start":7315.99,"end":7316.47}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":44,"start":7319.07,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:02:00","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":7319.07,"end":7319.83,"topics":[],"words":[{"text":"Thank","start":7319.07,"end":7319.27},{"text":"you,","start":7319.27,"end":7319.35},{"text":"Mr.","start":7319.35,"end":7319.59},{"text":"Chair.","start":7319.59,"end":7319.83}]},{"text":"India associates itself with the statement of Group of 77 and China.","start":7320.23,"end":7323.59,"topics":[],"words":[{"text":"India","start":7320.23,"end":7320.59},{"text":"associates","start":7320.59,"end":7321.19},{"text":"itself","start":7321.19,"end":7321.51},{"text":"with","start":7321.51,"end":7321.63},{"text":"the","start":7321.63,"end":7321.71},{"text":"statement","start":7321.71,"end":7322.11},{"text":"of","start":7322.11,"end":7322.23},{"text":"Group","start":7322.23,"end":7322.47},{"text":"of","start":7322.47,"end":7322.55},{"text":"77","start":7322.55,"end":7323.15},{"text":"and","start":7323.15,"end":7323.27},{"text":"China.","start":7323.27,"end":7323.59}]},{"text":"We thank the Secretary-General for his reports.","start":7324.15,"end":7326.07,"topics":[],"words":[{"text":"We","start":7324.15,"end":7324.23},{"text":"thank","start":7324.23,"end":7324.47},{"text":"the","start":7324.47,"end":7324.55},{"text":"Secretary-General","start":7324.55,"end":7325.27},{"text":"for","start":7325.27,"end":7325.43},{"text":"his","start":7325.43,"end":7325.59},{"text":"reports.","start":7325.59,"end":7326.07}]},{"text":"Trade uncertainty, costly borrowing, heavy debt burdens, and falling official development assistance make it harder to meet people's needs.","start":7326.55,"end":7333.19,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"These","start":7408.27,"end":7408.51},{"text":"efforts","start":7408.51,"end":7408.83},{"text":"must","start":7408.83,"end":7409.07},{"text":"go","start":7409.07,"end":7409.31},{"text":"hand","start":7409.31,"end":7409.55},{"text":"in","start":7409.55,"end":7409.67},{"text":"hand","start":7409.67,"end":7409.95},{"text":"with","start":7410.19,"end":7410.39},{"text":"transparent","start":7410.39,"end":7410.95},{"text":"debt","start":7410.95,"end":7411.15},{"text":"information,","start":7411.15,"end":7411.79},{"text":"responsible","start":7412.59,"end":7413.15},{"text":"borrowing","start":7413.15,"end":7413.47},{"text":"and","start":7413.47,"end":7413.63},{"text":"lending,","start":7413.63,"end":7414.03},{"text":"and","start":7414.35,"end":7414.51},{"text":"stronger","start":7414.51,"end":7414.91},{"text":"capacity","start":7414.91,"end":7415.47},{"text":"to","start":7415.47,"end":7415.63},{"text":"manage","start":7415.63,"end":7415.95},{"text":"debt.","start":7416.19,"end":7416.67}]},{"text":"Mr. Chair, India's own experience shows how digital public infrastructures can bring financial services to more people and improve public spending.","start":7417.15,"end":7425.95,"topics":[],"words":[{"text":"Mr.","start":7417.15,"end":7417.47},{"text":"Chair,","start":7417.47,"end":7417.71},{"text":"India's","start":7418.03,"end":7418.51},{"text":"own","start":7418.51,"end":7418.67},{"text":"experience","start":7418.67,"end":7419.19},{"text":"shows","start":7419.19,"end":7419.47},{"text":"how","start":7419.47,"end":7419.63},{"text":"digital","start":7419.63,"end":7420.11},{"text":"public","start":7420.11,"end":7420.51},{"text":"infrastructures","start":7420.51,"end":7421.23},{"text":"can","start":7421.23,"end":7421.47},{"text":"bring","start":7421.47,"end":7421.79},{"text":"financial","start":7422.11,"end":7422.75},{"text":"services","start":7422.75,"end":7423.31},{"text":"to","start":7423.31,"end":7423.47},{"text":"more","start":7423.47,"end":7423.79},{"text":"people","start":7423.79,"end":7424.19},{"text":"and","start":7424.19,"end":7424.31},{"text":"improve","start":7424.31,"end":7424.75},{"text":"public","start":7424.99,"end":7425.39},{"text":"spending.","start":7425.39,"end":7425.95}]},{"text":"Digital taxing systems also help improve tax collections.","start":7426.23,"end":7429.39,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. 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cooperation, horizontal cooperation based on solidarity that is results focused, including South-South and triangular 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with Ireland, South Korea and Zambia, Mexico co-chairs the Group of Friends for Effective International Cooperation for 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are also, together with Germany, Switzerland, promoting the Group of Friends of Monterrey as a space for exchange and consultation to make progress on implementing the development financing 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Chair, less than four years off from ensuring the implementation of the 2030 agenda, we need to look at the Cobia commitment as a roadmap to ensure systematic change that will allow for access to existing sources of financing and make progress on sustainable development and the support for developing countries.","start":7621.79,"end":7640.51,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. 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can on Mexico as a reliable partner of multilateralism that is committed to turning consensus into well-being for all people.","start":7640.83,"end":7648.51,"topics":[],"words":[{"text":"You","start":7640.83,"end":7640.95},{"text":"can","start":7640.95,"end":7641.07},{"text":"on","start":7641.19,"end":7641.47},{"text":"Mexico","start":7641.47,"end":7641.95},{"text":"as","start":7641.95,"end":7642.11},{"text":"a","start":7642.11,"end":7642.15},{"text":"reliable","start":7642.15,"end":7642.75},{"text":"partner","start":7642.75,"end":7643.27},{"text":"of","start":7643.27,"end":7643.39},{"text":"multilateralism","start":7643.39,"end":7644.15},{"text":"that","start":7644.15,"end":7644.27},{"text":"is","start":7644.27,"end":7644.39},{"text":"committed","start":7644.39,"end":7644.87},{"text":"to","start":7644.87,"end":7645.07},{"text":"turning","start":7645.07,"end":7645.55},{"text":"consensus","start":7645.71,"end":7646.27},{"text":"into","start":7646.27,"end":7646.83},{"text":"well-being","start":7646.83,"end":7647.47},{"text":"for","start":7647.55,"end":7647.83},{"text":"all","start":7647.83,"end":7648.03},{"text":"people.","start":7648.03,"end":7648.51}]},{"text":"Thank you very much.","start":7648.51,"end":7649.03,"topics":[],"words":[{"text":"Thank","start":7648.51,"end":7648.67},{"text":"you","start":7648.67,"end":7648.75},{"text":"very","start":7648.75,"end":7648.91},{"text":"much.","start":7648.91,"end":7649.03}]}]}],"speaker":{"affiliation":"MEX","group":null,"function":null,"affiliation_full":"Mexico"}},{"statement_number":47,"start":7651.15,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:07:32","paragraphs":[{"sentences":[{"text":"I thank the representative of Mexico.","start":7651.15,"end":7653.31,"topics":[],"words":[{"text":"I","start":7651.15,"end":7651.39},{"text":"thank","start":7651.39,"end":7651.63},{"text":"the","start":7651.63,"end":7651.71},{"text":"representative","start":7651.71,"end":7652.51},{"text":"of","start":7652.51,"end":7652.59},{"text":"Mexico.","start":7652.59,"end":7653.31}]},{"text":"I now give the floor to the distinguished representative of Indonesia.","start":7653.95,"end":7657.87,"topics":[],"words":[{"text":"I","start":7653.95,"end":7654.19},{"text":"now","start":7654.27,"end":7654.47},{"text":"give","start":7654.47,"end":7654.67},{"text":"the","start":7654.67,"end":7654.75},{"text":"floor","start":7654.75,"end":7655.15},{"text":"to","start":7655.15,"end":7655.27},{"text":"the","start":7655.27,"end":7655.35},{"text":"distinguished","start":7655.35,"end":7655.95},{"text":"representative","start":7655.95,"end":7656.75},{"text":"of","start":7656.75,"end":7657.07},{"text":"Indonesia.","start":7657.15,"end":7657.87}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":48,"start":7660.51,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:07:41","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":7660.51,"end":7661.55,"topics":[],"words":[{"text":"Thank","start":7660.51,"end":7660.75},{"text":"you,","start":7660.75,"end":7660.83},{"text":"Mr.","start":7660.83,"end":7661.15},{"text":"Chair.","start":7661.15,"end":7661.55}]},{"text":"Indonesia aligns itself with the statement delivered on behalf of the G77 and China, as well as ASEAN, and wishes to add the following in our national capacity.","start":7661.79,"end":7670.19,"topics":[],"words":[{"text":"Indonesia","start":7661.79,"end":7662.15},{"text":"aligns","start":7662.15,"end":7662.51},{"text":"itself","start":7662.51,"end":7662.99},{"text":"with","start":7662.99,"end":7663.11},{"text":"the","start":7663.11,"end":7663.19},{"text":"statement","start":7663.19,"end":7663.59},{"text":"delivered","start":7663.59,"end":7664.03},{"text":"on","start":7664.03,"end":7664.11},{"text":"behalf","start":7664.11,"end":7664.51},{"text":"of","start":7664.51,"end":7664.59},{"text":"the","start":7664.59,"end":7664.71},{"text":"G77","start":7664.71,"end":7665.43},{"text":"and","start":7665.43,"end":7665.55},{"text":"China,","start":7665.55,"end":7665.95},{"text":"as","start":7666.19,"end":7666.35},{"text":"well","start":7666.35,"end":7666.51},{"text":"as","start":7666.51,"end":7666.75},{"text":"ASEAN,","start":7666.75,"end":7667.31},{"text":"and","start":7667.47,"end":7667.63},{"text":"wishes","start":7667.63,"end":7667.95},{"text":"to","start":7667.95,"end":7668.11},{"text":"add","start":7668.11,"end":7668.31},{"text":"the","start":7668.31,"end":7668.39},{"text":"following","start":7668.43,"end":7668.79},{"text":"in","start":7668.79,"end":7668.91},{"text":"our","start":7668.91,"end":7669.23},{"text":"national","start":7669.23,"end":7669.63},{"text":"capacity.","start":7669.63,"end":7670.19}]},{"text":"Presented report highlight growing global uncertainty, geopolitical tensions, high borrowing costs, debt vulnerabilities, declining development assistance, and increasing geo-economic fragmentation.","start":7670.75,"end":7681.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and 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challenges underscore the urgency of stronger international cooperation and more responsive global economic and financial system to development needs.","start":7681.71,"end":7689.63,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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wishes to highlight three points.","start":7690.15,"end":7692.39,"topics":[],"words":[{"text":"Indonesia","start":7690.15,"end":7690.63},{"text":"wishes","start":7690.63,"end":7691.03},{"text":"to","start":7691.03,"end":7691.19},{"text":"highlight","start":7691.19,"end":7691.71},{"text":"three","start":7691.71,"end":7691.87},{"text":"points.","start":7691.87,"end":7692.39}]},{"text":"First, we must translate financing commitment into concrete development impact.","start":7692.63,"end":7697.11,"topics":[],"words":[{"text":"First,","start":7692.63,"end":7693.11},{"text":"we","start":7693.27,"end":7693.43},{"text":"must","start":7693.43,"end":7693.67},{"text":"translate","start":7693.67,"end":7694.15},{"text":"financing","start":7694.15,"end":7694.71},{"text":"commitment","start":7694.71,"end":7695.35},{"text":"into","start":7695.35,"end":7695.75},{"text":"concrete","start":7695.75,"end":7696.19},{"text":"development","start":7696.19,"end":7696.67},{"text":"impact.","start":7696.67,"end":7697.11}]},{"text":"With the annual SDG financing gap exceeding $4 trillion, developing countries urgently need stable, predictable, accessible, and affordable financing.","start":7697.43,"end":7706.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in 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mobilization and multilateral development banks while ensuring that private finance complements rather than replace public financing.","start":7706.39,"end":7715.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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reiterates its support for full, timely, and effective implementation of Seville commitment, guided by national ownership and development priorities.","start":7715.55,"end":7723.79,"topics":[],"words":[{"text":"Indonesia","start":7715.55,"end":7715.95},{"text":"reiterates","start":7715.95,"end":7716.59},{"text":"its","start":7716.59,"end":7716.79},{"text":"support","start":7716.79,"end":7717.15},{"text":"for","start":7717.15,"end":7717.39},{"text":"full,","start":7717.39,"end":7717.71},{"text":"timely,","start":7717.71,"end":7718.23},{"text":"and","start":7718.23,"end":7718.39},{"text":"effective","start":7718.39,"end":7718.83},{"text":"implementation","start":7718.83,"end":7719.55},{"text":"of","start":7719.55,"end":7719.79},{"text":"Seville","start":7719.79,"end":7720.19},{"text":"commitment,","start":7720.19,"end":7720.79},{"text":"guided","start":7720.91,"end":7721.31},{"text":"by","start":7721.31,"end":7721.43},{"text":"national","start":7721.43,"end":7721.87},{"text":"ownership","start":7721.87,"end":7722.43},{"text":"and","start":7722.43,"end":7722.59},{"text":"development","start":7722.59,"end":7723.11},{"text":"priorities.","start":7723.11,"end":7723.79}]},{"text":"Second, we must advance reform of international financial architecture.","start":7724.99,"end":7729.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Second,","start":7724.99,"end":7725.55},{"text":"we","start":7725.63,"end":7725.83},{"text":"must","start":7725.83,"end":7726.07},{"text":"advance","start":7726.07,"end":7726.51},{"text":"reform","start":7726.51,"end":7726.99},{"text":"of","start":7726.99,"end":7727.15},{"text":"international","start":7727.15,"end":7727.79},{"text":"financial","start":7727.79,"end":7728.27},{"text":"architecture.","start":7728.27,"end":7729.07}]},{"text":"Developing countries continue to face mounting debt pressures, while declining ODA is further constraining fiscal space.","start":7729.47,"end":7736.59,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Developing","start":7729.47,"end":7729.95},{"text":"countries","start":7729.95,"end":7730.35},{"text":"continue","start":7730.35,"end":7730.83},{"text":"to","start":7730.83,"end":7730.99},{"text":"face","start":7730.99,"end":7731.31},{"text":"mounting","start":7731.31,"end":7731.95},{"text":"debt","start":7731.95,"end":7732.15},{"text":"pressures,","start":7732.15,"end":7732.91},{"text":"while","start":7733.07,"end":7733.39},{"text":"declining","start":7733.39,"end":7733.95},{"text":"ODA","start":7733.95,"end":7734.35},{"text":"is","start":7734.35,"end":7734.59},{"text":"further","start":7734.59,"end":7734.99},{"text":"constraining","start":7734.99,"end":7735.63},{"text":"fiscal","start":7735.63,"end":7735.95},{"text":"space.","start":7735.95,"end":7736.59}]},{"text":"Reform must strengthen developing countries voice and representation, and improve debt treatment, expand access to affordable financing, and promote fairer and transparent credit rating methodologies.","start":7736.99,"end":7749.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Reform","start":7736.99,"end":7737.59},{"text":"must","start":7737.59,"end":7737.79},{"text":"strengthen","start":7737.79,"end":7738.35},{"text":"developing","start":7738.35,"end":7738.99},{"text":"countries","start":7739.63,"end":7739.99},{"text":"voice","start":7740.15,"end":7740.51},{"text":"and","start":7740.51,"end":7740.67},{"text":"representation,","start":7740.67,"end":7741.55},{"text":"and","start":7741.71,"end":7741.91},{"text":"improve","start":7741.91,"end":7742.35},{"text":"debt","start":7742.35,"end":7742.71},{"text":"treatment,","start":7742.71,"end":7743.19},{"text":"expand","start":7743.31,"end":7743.71},{"text":"access","start":7743.71,"end":7744.03},{"text":"to","start":7744.03,"end":7744.19},{"text":"affordable","start":7744.19,"end":7744.75},{"text":"financing,","start":7744.75,"end":7745.39},{"text":"and","start":7745.55,"end":7745.71},{"text":"promote","start":7745.71,"end":7746.11},{"text":"fairer","start":7746.11,"end":7746.63},{"text":"and","start":7746.63,"end":7746.79},{"text":"transparent","start":7746.79,"end":7747.43},{"text":"credit","start":7747.43,"end":7747.79},{"text":"rating","start":7747.79,"end":7748.11},{"text":"methodologies.","start":7748.11,"end":7749.07}]},{"text":"We also support more inclusive international tax cooperation and stronger efforts against illicit financial flows.","start":7749.71,"end":7756.83,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":7749.71,"end":7749.95},{"text":"also","start":7749.95,"end":7750.35},{"text":"support","start":7750.35,"end":7750.75},{"text":"more","start":7750.75,"end":7750.99},{"text":"inclusive","start":7750.99,"end":7751.39},{"text":"international","start":7751.39,"end":7752.11},{"text":"tax","start":7752.11,"end":7752.43},{"text":"cooperation","start":7752.43,"end":7753.23},{"text":"and","start":7753.23,"end":7753.35},{"text":"stronger","start":7753.35,"end":7753.79},{"text":"efforts","start":7753.79,"end":7754.83},{"text":"against","start":7754.91,"end":7755.43},{"text":"illicit","start":7755.43,"end":7755.87},{"text":"financial","start":7755.87,"end":7756.27},{"text":"flows.","start":7756.27,"end":7756.83}]},{"text":"Third, we must unlock new engines of sustainable and inclusive growth.","start":7757.39,"end":7760.87,"topics":[],"words":[{"text":"Third,","start":7757.39,"end":7757.63},{"text":"we","start":7757.79,"end":7757.95},{"text":"must","start":7757.95,"end":7758.23},{"text":"unlock","start":7758.23,"end":7758.59},{"text":"new","start":7758.59,"end":7758.75},{"text":"engines","start":7758.75,"end":7759.23},{"text":"of","start":7759.23,"end":7759.35},{"text":"sustainable","start":7759.35,"end":7759.99},{"text":"and","start":7759.99,"end":7760.15},{"text":"inclusive","start":7760.15,"end":7760.59},{"text":"growth.","start":7760.59,"end":7760.87}]},{"text":"Amid a changing global economy, we need greater opportunities to diversify, add value, and participate meaningfully in global markets.","start":7761.43,"end":7768.63,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Amid","start":7761.43,"end":7761.75},{"text":"a","start":7761.75,"end":7761.83},{"text":"changing","start":7761.83,"end":7762.31},{"text":"global","start":7762.31,"end":7762.63},{"text":"economy,","start":7762.63,"end":7763.27},{"text":"we","start":7763.35,"end":7763.59},{"text":"need","start":7763.59,"end":7763.79},{"text":"greater","start":7763.79,"end":7764.19},{"text":"opportunities","start":7764.19,"end":7764.87},{"text":"to","start":7764.87,"end":7765.03},{"text":"diversify,","start":7765.03,"end":7765.75},{"text":"add","start":7765.83,"end":7766.07},{"text":"value,","start":7766.07,"end":7766.47},{"text":"and","start":7766.47,"end":7766.63},{"text":"participate","start":7766.63,"end":7767.15},{"text":"meaningfully","start":7767.15,"end":7767.67},{"text":"in","start":7767.67,"end":7767.79},{"text":"global","start":7767.79,"end":7768.07},{"text":"markets.","start":7768.07,"end":7768.63}]},{"text":"The creative economy is one such engine, creating jobs, empowering MSMEs and youth, fostering innovation and open new pathways in global value chains.","start":7768.95,"end":7777.63,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"The","start":7768.95,"end":7769.03},{"text":"creative","start":7769.03,"end":7769.39},{"text":"economy","start":7769.39,"end":7769.83},{"text":"is","start":7769.83,"end":7769.99},{"text":"one","start":7769.99,"end":7770.23},{"text":"such","start":7770.23,"end":7770.55},{"text":"engine,","start":7770.55,"end":7770.99},{"text":"creating","start":7770.99,"end":7771.35},{"text":"jobs,","start":7771.35,"end":7771.83},{"text":"empowering","start":7771.95,"end":7772.47},{"text":"MSMEs","start":7772.47,"end":7773.11},{"text":"and","start":7773.11,"end":7773.35},{"text":"youth,","start":7773.35,"end":7773.67},{"text":"fostering","start":7774.19,"end":7774.67},{"text":"innovation","start":7774.67,"end":7775.23},{"text":"and","start":7775.23,"end":7775.39},{"text":"open","start":7775.39,"end":7775.67},{"text":"new","start":7775.67,"end":7775.87},{"text":"pathways","start":7775.87,"end":7776.35},{"text":"in","start":7776.35,"end":7776.51},{"text":"global","start":7776.51,"end":7776.83},{"text":"value","start":7776.83,"end":7777.15},{"text":"chains.","start":7777.15,"end":7777.63}]},{"text":"This require greater access to finance, markets, technology and intellectual property based financing for creative industry, particularly in developing countries.","start":7777.79,"end":7787.95,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"This","start":7777.79,"end":7778.03},{"text":"require","start":7778.03,"end":7778.43},{"text":"greater","start":7778.43,"end":7778.83},{"text":"access","start":7778.83,"end":7779.23},{"text":"to","start":7779.23,"end":7779.31},{"text":"finance,","start":7779.31,"end":7779.87},{"text":"markets,","start":7779.87,"end":7780.43},{"text":"technology","start":7780.43,"end":7780.95},{"text":"and","start":7780.95,"end":7781.47},{"text":"intellectual","start":7781.71,"end":7782.35},{"text":"property","start":7782.35,"end":7782.75},{"text":"based","start":7782.75,"end":7783.07},{"text":"financing","start":7783.07,"end":7783.71},{"text":"for","start":7783.87,"end":7784.35},{"text":"creative","start":7785.11,"end":7785.71},{"text":"industry,","start":7785.71,"end":7786.35},{"text":"particularly","start":7786.35,"end":7786.95},{"text":"in","start":7786.95,"end":7787.03},{"text":"developing","start":7787.03,"end":7787.39},{"text":"countries.","start":7787.39,"end":7787.95}]},{"text":"And in this spirit, Indonesia will update the General Assembly resolution entitled Promoting Creative Economy for Sustainable Development, ensuring its relevance to the evolving global economic landscape.","start":7788.11,"end":7797.87,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"And","start":7788.11,"end":7788.31},{"text":"in","start":7788.31,"end":7788.39},{"text":"this","start":7788.39,"end":7788.55},{"text":"spirit,","start":7788.55,"end":7788.99},{"text":"Indonesia","start":7788.99,"end":7789.39},{"text":"will","start":7789.39,"end":7789.55},{"text":"update","start":7789.55,"end":7789.91},{"text":"the","start":7789.91,"end":7790.03},{"text":"General","start":7790.03,"end":7790.39},{"text":"Assembly","start":7790.39,"end":7790.75},{"text":"resolution","start":7790.75,"end":7791.27},{"text":"entitled","start":7791.27,"end":7791.87},{"text":"Promoting","start":7792.03,"end":7792.55},{"text":"Creative","start":7792.55,"end":7792.87},{"text":"Economy","start":7792.87,"end":7793.39},{"text":"for","start":7793.39,"end":7793.55},{"text":"Sustainable","start":7793.55,"end":7794.07},{"text":"Development,","start":7794.07,"end":7794.67},{"text":"ensuring","start":7794.67,"end":7795.07},{"text":"its","start":7795.07,"end":7795.23},{"text":"relevance","start":7795.23,"end":7795.79},{"text":"to","start":7795.79,"end":7795.95},{"text":"the","start":7795.95,"end":7796.03},{"text":"evolving","start":7796.03,"end":7796.75},{"text":"global","start":7796.75,"end":7796.99},{"text":"economic","start":7796.99,"end":7797.39},{"text":"landscape.","start":7797.39,"end":7797.87}]},{"text":"Mr. Chair, Indonesia stands ready to turn commitments into implementation and financing into tangible development results.","start":7798.39,"end":7806.47,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Yemen.","start":7811.91,"end":7815.75,"topics":[],"words":[{"text":"I","start":7811.91,"end":7812.23},{"text":"now","start":7812.23,"end":7812.43},{"text":"give","start":7812.43,"end":7812.55},{"text":"the","start":7812.55,"end":7812.71},{"text":"floor","start":7812.71,"end":7812.95},{"text":"to","start":7812.95,"end":7813.07},{"text":"the","start":7813.07,"end":7813.15},{"text":"distinguished","start":7813.15,"end":7813.83},{"text":"representative","start":7813.83,"end":7814.63},{"text":"of","start":7814.63,"end":7815.11},{"text":"Yemen.","start":7815.19,"end":7815.75}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":50,"start":7820.95,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:10:21","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":7820.95,"end":7822.47,"topics":[],"words":[{"text":"Thank","start":7820.95,"end":7821.27},{"text":"you,","start":7821.27,"end":7821.51},{"text":"Mr.","start":7821.67,"end":7822.07},{"text":"Chair.","start":7822.07,"end":7822.47}]},{"text":"My delegation aligns itself with the statement delivered on behalf of the G77 and China and the Arab Group, as well as the LDCs, and we would like to add the following in our national 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discussion today takes place in an international economic context marked by growing pressure on developing economies, not only as a result of external shocks, but also due to structural imbalances in the international economic and financial system, the rising cost of capital, shrinking fiscal space, budgetary space, growing debt burdens, widening financing gap for financing the SDGs.","start":7832.83,"end":7854.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Our","start":7832.83,"end":7832.91},{"text":"discussion","start":7832.91,"end":7833.35},{"text":"today","start":7833.35,"end":7833.67},{"text":"takes","start":7833.67,"end":7833.91},{"text":"place","start":7833.91,"end":7834.23},{"text":"in","start":7834.23,"end":7834.55},{"text":"an","start":7834.55,"end":7834.63},{"text":"international","start":7834.63,"end":7835.15},{"text":"economic","start":7835.15,"end":7835.55},{"text":"context","start":7835.55,"end":7836.15},{"text":"marked","start":7836.15,"end":7836.35},{"text":"by","start":7836.35,"end":7836.55},{"text":"growing","start":7836.55,"end":7836.87},{"text":"pressure","start":7836.87,"end":7837.43},{"text":"on","start":7837.43,"end":7837.55},{"text":"developing","start":7837.55,"end":7837.95},{"text":"economies,","start":7837.95,"end":7838.47},{"text":"not","start":7838.79,"end":7838.99},{"text":"only","start":7838.99,"end":7839.15},{"text":"as","start":7839.15,"end":7839.23},{"text":"a","start":7839.23,"end":7839.27},{"text":"result","start":7839.27,"end":7839.59},{"text":"of","start":7839.59,"end":7839.67},{"text":"external","start":7839.67,"end":7840.15},{"text":"shocks,","start":7840.15,"end":7840.55},{"text":"but","start":7840.55,"end":7840.71},{"text":"also","start":7840.71,"end":7841.11},{"text":"due","start":7841.11,"end":7841.27},{"text":"to","start":7841.27,"end":7841.39},{"text":"structural","start":7841.39,"end":7841.83},{"text":"imbalances","start":7841.83,"end":7842.55},{"text":"in","start":7842.55,"end":7842.87},{"text":"the","start":7842.95,"end":7843.23},{"text":"international","start":7843.59,"end":7844.19},{"text":"economic","start":7844.19,"end":7844.59},{"text":"and","start":7844.59,"end":7844.71},{"text":"financial","start":7844.71,"end":7845.19},{"text":"system,","start":7845.19,"end":7845.67},{"text":"the","start":7845.67,"end":7845.83},{"text":"rising","start":7845.83,"end":7846.15},{"text":"cost","start":7846.15,"end":7846.43},{"text":"of","start":7846.43,"end":7846.55},{"text":"capital,","start":7846.55,"end":7847.19},{"text":"shrinking","start":7847.43,"end":7848.07},{"text":"fiscal","start":7848.07,"end":7848.63},{"text":"space,","start":7848.63,"end":7849.11},{"text":"budgetary","start":7849.11,"end":7849.47},{"text":"space,","start":7849.47,"end":7849.83},{"text":"growing","start":7849.83,"end":7850.15},{"text":"debt","start":7850.15,"end":7850.39},{"text":"burdens,","start":7850.39,"end":7850.83},{"text":"widening","start":7851.03,"end":7851.59},{"text":"financing","start":7851.59,"end":7852.23},{"text":"gap","start":7852.23,"end":7852.55},{"text":"for","start":7852.55,"end":7852.95},{"text":"financing","start":7853.27,"end":7853.75},{"text":"the","start":7853.75,"end":7853.91},{"text":"SDGs.","start":7853.91,"end":7854.79}]},{"text":"We believe that to overcome these challenges, an integrated approach to financing for development is needed that establishes a link between macroeconomic stability, trade and investment, debt sustainability, domestic resource mobilization, and international tax cooperation.","start":7854.79,"end":7868.47,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":7854.79,"end":7854.95},{"text":"believe","start":7854.95,"end":7855.23},{"text":"that","start":7855.23,"end":7855.47},{"text":"to","start":7855.47,"end":7855.55},{"text":"overcome","start":7855.55,"end":7855.83},{"text":"these","start":7855.83,"end":7855.99},{"text":"challenges,","start":7855.99,"end":7856.59},{"text":"an","start":7856.59,"end":7856.71},{"text":"integrated","start":7856.71,"end":7857.27},{"text":"approach","start":7857.27,"end":7857.59},{"text":"to","start":7857.59,"end":7857.71},{"text":"financing","start":7857.71,"end":7858.23},{"text":"for","start":7858.23,"end":7858.39},{"text":"development","start":7858.39,"end":7858.87},{"text":"is","start":7858.87,"end":7859.03},{"text":"needed","start":7859.03,"end":7859.43},{"text":"that","start":7859.75,"end":7859.91},{"text":"establishes","start":7859.91,"end":7860.39},{"text":"a","start":7860.39,"end":7860.47},{"text":"link","start":7860.47,"end":7860.71},{"text":"between","start":7860.71,"end":7861.11},{"text":"macroeconomic","start":7861.11,"end":7861.87},{"text":"stability,","start":7861.87,"end":7862.39},{"text":"trade","start":7862.39,"end":7862.67},{"text":"and","start":7862.67,"end":7862.79},{"text":"investment,","start":7862.79,"end":7863.47},{"text":"debt","start":7863.47,"end":7863.67},{"text":"sustainability,","start":7863.67,"end":7864.55},{"text":"domestic","start":7864.79,"end":7865.27},{"text":"resource","start":7865.27,"end":7865.59},{"text":"mobilization,","start":7865.59,"end":7866.47},{"text":"and","start":7866.63,"end":7866.87},{"text":"international","start":7866.87,"end":7867.35},{"text":"tax","start":7867.35,"end":7867.67},{"text":"cooperation.","start":7867.67,"end":7868.47}]},{"text":"One of the fundamental challenges facing developing countries is the widening gap between their investment needs and the cost of the financing available to them.","start":7868.71,"end":7877.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"One","start":7868.71,"end":7869.11},{"text":"of","start":7869.11,"end":7869.35},{"text":"the","start":7869.35,"end":7869.59},{"text":"fundamental","start":7869.67,"end":7870.39},{"text":"challenges","start":7870.39,"end":7870.95},{"text":"facing","start":7870.95,"end":7871.27},{"text":"developing","start":7871.27,"end":7871.83},{"text":"countries","start":7871.83,"end":7872.31},{"text":"is","start":7872.31,"end":7872.47},{"text":"the","start":7872.47,"end":7872.55},{"text":"widening","start":7872.55,"end":7873.03},{"text":"gap","start":7873.03,"end":7873.43},{"text":"between","start":7873.43,"end":7873.75},{"text":"their","start":7873.75,"end":7873.91},{"text":"investment","start":7873.91,"end":7874.47},{"text":"needs","start":7874.47,"end":7874.79},{"text":"and","start":7875.19,"end":7875.35},{"text":"the","start":7875.35,"end":7875.43},{"text":"cost","start":7875.43,"end":7875.83},{"text":"of","start":7875.83,"end":7875.91},{"text":"the","start":7875.91,"end":7876.07},{"text":"financing","start":7876.07,"end":7876.55},{"text":"available","start":7876.55,"end":7876.95},{"text":"to","start":7876.95,"end":7877.11},{"text":"them.","start":7877.11,"end":7877.43}]},{"text":"Therefore, increasing the volume of financing alone is not enough.","start":7877.91,"end":7880.83,"topics":[],"words":[{"text":"Therefore,","start":7877.91,"end":7878.55},{"text":"increasing","start":7878.55,"end":7878.99},{"text":"the","start":7878.99,"end":7879.07},{"text":"volume","start":7879.07,"end":7879.39},{"text":"of","start":7879.39,"end":7879.47},{"text":"financing","start":7879.47,"end":7879.83},{"text":"alone","start":7879.83,"end":7880.15},{"text":"is","start":7880.15,"end":7880.31},{"text":"not","start":7880.31,"end":7880.47},{"text":"enough.","start":7880.47,"end":7880.83}]},{"text":"It is also necessary to address financing terms, costs and accessibility.","start":7881.19,"end":7885.59,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"It","start":7881.19,"end":7881.35},{"text":"is","start":7881.35,"end":7881.47},{"text":"also","start":7881.47,"end":7881.75},{"text":"necessary","start":7881.75,"end":7882.23},{"text":"to","start":7882.23,"end":7882.39},{"text":"address","start":7882.39,"end":7882.71},{"text":"financing","start":7882.71,"end":7883.35},{"text":"terms,","start":7883.35,"end":7883.99},{"text":"costs","start":7883.99,"end":7884.47},{"text":"and","start":7884.47,"end":7884.71},{"text":"accessibility.","start":7884.71,"end":7885.59}]},{"text":"We underscore the importance of strengthening concessional, long-term, predictable financing, expanding guarantee and risk-sharing instruments, and enhancing the capacity of multilateral development banks to reduce the cost of capital and support investment in the most vulnerable economies.","start":7885.83,"end":7902.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"We","start":7885.83,"end":7886.03},{"text":"underscore","start":7886.03,"end":7886.43},{"text":"the","start":7886.43,"end":7886.51},{"text":"importance","start":7886.51,"end":7886.95},{"text":"of","start":7886.95,"end":7887.03},{"text":"strengthening","start":7887.03,"end":7887.51},{"text":"concessional,","start":7887.51,"end":7888.15},{"text":"long-term,","start":7888.39,"end":7888.91},{"text":"predictable","start":7888.91,"end":7889.43},{"text":"financing,","start":7889.43,"end":7889.99},{"text":"expanding","start":7889.99,"end":7890.59},{"text":"guarantee","start":7890.59,"end":7891.19},{"text":"and","start":7891.19,"end":7891.35},{"text":"risk-sharing","start":7891.35,"end":7891.95},{"text":"instruments,","start":7891.95,"end":7892.47},{"text":"and","start":7892.71,"end":7893.07},{"text":"enhancing","start":7893.07,"end":7893.75},{"text":"the","start":7893.75,"end":7893.83},{"text":"capacity","start":7893.83,"end":7894.35},{"text":"of","start":7894.35,"end":7894.47},{"text":"multilateral","start":7894.47,"end":7895.03},{"text":"development","start":7895.03,"end":7895.47},{"text":"banks","start":7895.47,"end":7895.99},{"text":"to","start":7896.95,"end":7897.35},{"text":"reduce","start":7897.75,"end":7898.63},{"text":"the","start":7898.63,"end":7898.87},{"text":"cost","start":7898.87,"end":7899.31},{"text":"of","start":7899.31,"end":7899.43},{"text":"capital","start":7899.43,"end":7899.99},{"text":"and","start":7899.99,"end":7900.23},{"text":"support","start":7900.23,"end":7900.71},{"text":"investment","start":7900.71,"end":7901.27},{"text":"in","start":7901.27,"end":7901.51},{"text":"the","start":7901.51,"end":7901.59},{"text":"most","start":7901.59,"end":7901.83},{"text":"vulnerable","start":7901.83,"end":7902.23},{"text":"economies.","start":7902.23,"end":7902.95}]},{"text":"With regard to debt, we need an approach that places debt sustainability at the heart of international efforts.","start":7903.27,"end":7909.43,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"With","start":7903.27,"end":7903.51},{"text":"regard","start":7903.51,"end":7903.79},{"text":"to","start":7903.79,"end":7903.91},{"text":"debt,","start":7903.91,"end":7904.23},{"text":"we","start":7904.23,"end":7904.39},{"text":"need","start":7904.39,"end":7904.63},{"text":"an","start":7904.63,"end":7904.71},{"text":"approach","start":7904.71,"end":7905.11},{"text":"that","start":7905.11,"end":7905.31},{"text":"places","start":7905.31,"end":7905.83},{"text":"debt","start":7905.83,"end":7906.15},{"text":"sustainability","start":7906.15,"end":7907.19},{"text":"at","start":7907.35,"end":7907.59},{"text":"the","start":7907.59,"end":7907.71},{"text":"heart","start":7907.71,"end":7908.07},{"text":"of","start":7908.07,"end":7908.15},{"text":"international","start":7908.15,"end":7908.79},{"text":"efforts.","start":7908.79,"end":7909.43}]},{"text":"debt servicing and borrowing costs should not diminish the resources needed for investment in human capital, infrastructure and productive capacities.","start":7910.11,"end":7918.11,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"debt","start":7910.11,"end":7910.27},{"text":"servicing","start":7910.27,"end":7910.67},{"text":"and","start":7910.67,"end":7910.79},{"text":"borrowing","start":7910.79,"end":7911.15},{"text":"costs","start":7911.15,"end":7911.71},{"text":"should","start":7911.71,"end":7911.87},{"text":"not","start":7911.87,"end":7912.19},{"text":"diminish","start":7912.19,"end":7912.67},{"text":"the","start":7912.67,"end":7912.79},{"text":"resources","start":7912.79,"end":7913.31},{"text":"needed","start":7913.31,"end":7913.71},{"text":"for","start":7913.71,"end":7913.95},{"text":"investment","start":7913.95,"end":7914.51},{"text":"in","start":7914.51,"end":7914.75},{"text":"human","start":7914.75,"end":7915.07},{"text":"capital,","start":7915.07,"end":7915.55},{"text":"infrastructure","start":7915.71,"end":7916.43},{"text":"and","start":7916.51,"end":7916.75},{"text":"productive","start":7916.75,"end":7917.31},{"text":"capacities.","start":7917.31,"end":7918.11}]},{"text":"Strengthening domestic resource mobilization also remains essential.","start":7918.43,"end":7922.03,"topics":[],"words":[{"text":"Strengthening","start":7918.43,"end":7919.07},{"text":"domestic","start":7919.15,"end":7919.71},{"text":"resource","start":7919.71,"end":7920.03},{"text":"mobilization","start":7920.03,"end":7920.75},{"text":"also","start":7920.75,"end":7921.03},{"text":"remains","start":7921.03,"end":7921.35},{"text":"essential.","start":7921.35,"end":7922.03}]},{"text":"However, it must be accompanied by more effective international cooperation to combat illicit financial flows, recover assets, enhance international tax cooperation and build institutional capacities in developing countries.","start":7922.03,"end":7935.15,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"However,","start":7922.03,"end":7922.51},{"text":"it","start":7922.83,"end":7922.99},{"text":"must","start":7922.99,"end":7923.47},{"text":"be","start":7923.63,"end":7923.79},{"text":"accompanied","start":7923.79,"end":7924.27},{"text":"by","start":7924.27,"end":7924.39},{"text":"more","start":7924.39,"end":7924.63},{"text":"effective","start":7924.63,"end":7924.91},{"text":"international","start":7924.91,"end":7925.59},{"text":"cooperation","start":7925.59,"end":7926.19},{"text":"to","start":7926.19,"end":7926.35},{"text":"combat","start":7926.35,"end":7926.75},{"text":"illicit","start":7926.75,"end":7927.11},{"text":"financial","start":7927.11,"end":7927.55},{"text":"flows,","start":7927.55,"end":7927.95},{"text":"recover","start":7928.27,"end":7928.67},{"text":"assets,","start":7928.67,"end":7929.23},{"text":"enhance","start":7929.47,"end":7929.95},{"text":"international","start":7929.95,"end":7930.51},{"text":"tax","start":7930.51,"end":7930.75},{"text":"cooperation","start":7930.75,"end":7931.47},{"text":"and","start":7931.87,"end":7932.19},{"text":"build","start":7932.19,"end":7932.59},{"text":"institutional","start":7932.59,"end":7933.31},{"text":"capacities","start":7933.31,"end":7934.03},{"text":"in","start":7934.03,"end":7934.19},{"text":"developing","start":7934.19,"end":7934.59},{"text":"countries.","start":7934.59,"end":7935.15}]},{"text":"Mr. Chair, in the area of trade and investment, the challenge for the LDCs is not limited to market access, it also concerns possessing the productive capacities, infrastructure, and technology that allow them to fully benefit from this access.","start":7935.47,"end":7948.91,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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From El Salvador, Debates on macroeconomic policy and finance must be based on a simple premise: stability is essential, but its true value resides in making it into investment, productivity and better opportunities for our population.","start":8006.95,"end":8022.95,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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behind.","start":8185.03,"end":8190.39,"topics":[],"words":[{"text":"The","start":8185.03,"end":8185.11},{"text":"task","start":8185.11,"end":8185.47},{"text":"now","start":8185.47,"end":8185.67},{"text":"is","start":8185.67,"end":8185.83},{"text":"to","start":8185.83,"end":8185.95},{"text":"move","start":8185.95,"end":8186.19},{"text":"from","start":8186.19,"end":8186.47},{"text":"dialogue","start":8186.47,"end":8186.87},{"text":"to","start":8186.87,"end":8186.99},{"text":"delivery","start":8186.99,"end":8187.67},{"text":"so","start":8187.83,"end":8187.95},{"text":"that","start":8187.95,"end":8188.15},{"text":"developing","start":8188.15,"end":8188.75},{"text":"countries","start":8188.75,"end":8189.27},{"text":"are","start":8189.27,"end":8189.35},{"text":"not","start":8189.35,"end":8189.63},{"text":"left","start":8189.63,"end":8189.83},{"text":"behind.","start":8189.83,"end":8190.39}]},{"text":"High borrowing costs and constrained fiscal space continue to hold back many developing countries.","start":8191.03,"end":8195.91,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Malaysia","start":8221.35,"end":8221.67},{"text":"calls","start":8221.67,"end":8222.03},{"text":"for","start":8222.03,"end":8222.27},{"text":"ODA","start":8222.27,"end":8222.43},{"text":"commitments","start":8222.55,"end":8223.03},{"text":"to","start":8223.03,"end":8223.11},{"text":"be","start":8223.11,"end":8223.23},{"text":"fulfilled,","start":8223.23,"end":8223.75},{"text":"including","start":8223.99,"end":8224.43},{"text":"the","start":8224.43,"end":8224.51},{"text":"target","start":8224.51,"end":8224.95},{"text":"of","start":8224.95,"end":8225.03},{"text":"0.7%","start":8225.03,"end":8225.07},{"text":"of","start":8225.07,"end":8225.15},{"text":"gross","start":8225.15,"end":8225.67},{"text":"national","start":8225.67,"end":8227.03},{"text":"income.","start":8227.03,"end":8227.51}]},{"text":"We also support a more inclusive, transparent, and equitable global tax architecture.","start":8227.99,"end":8232.15,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":8227.99,"end":8228.15},{"text":"also","start":8228.15,"end":8228.39},{"text":"support","start":8228.39,"end":8228.79},{"text":"a","start":8228.79,"end":8228.87},{"text":"more","start":8228.87,"end":8229.03},{"text":"inclusive,","start":8229.03,"end":8229.59},{"text":"transparent,","start":8229.59,"end":8230.19},{"text":"and","start":8230.19,"end":8230.35},{"text":"equitable","start":8230.35,"end":8230.79},{"text":"global","start":8230.79,"end":8231.11},{"text":"tax","start":8231.11,"end":8231.43},{"text":"architecture.","start":8231.43,"end":8232.15}]},{"text":"For our part, Malaysia is broadening its tax base, digitalizing revenue collection, and rationalizing subsidies.","start":8232.71,"end":8240.31,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"For","start":8232.71,"end":8232.99},{"text":"our","start":8232.99,"end":8233.11},{"text":"part,","start":8233.11,"end":8233.43},{"text":"Malaysia","start":8233.51,"end":8233.99},{"text":"is","start":8233.99,"end":8234.31},{"text":"broadening","start":8234.31,"end":8235.35},{"text":"its","start":8235.35,"end":8235.59},{"text":"tax","start":8235.59,"end":8235.99},{"text":"base,","start":8235.99,"end":8236.39},{"text":"digitalizing","start":8236.71,"end":8237.51},{"text":"revenue","start":8237.51,"end":8237.83},{"text":"collection,","start":8237.83,"end":8238.47},{"text":"and","start":8238.71,"end":8238.91},{"text":"rationalizing","start":8238.91,"end":8239.59},{"text":"subsidies.","start":8239.59,"end":8240.31}]},{"text":"We remain committed to net zero emissions by 2050, supported by instruments such as green sukuk and SDG bonds.","start":8240.71,"end":8248.07,"topics":[],"words":[{"text":"We","start":8240.71,"end":8240.83},{"text":"remain","start":8240.83,"end":8241.15},{"text":"committed","start":8241.15,"end":8241.67},{"text":"to","start":8241.75,"end":8241.91},{"text":"net","start":8241.91,"end":8242.15},{"text":"zero","start":8242.15,"end":8242.35},{"text":"emissions","start":8242.35,"end":8242.87},{"text":"by","start":8242.87,"end":8243.03},{"text":"2050,","start":8243.03,"end":8243.79},{"text":"supported","start":8243.83,"end":8244.47},{"text":"by","start":8244.47,"end":8244.59},{"text":"instruments","start":8244.59,"end":8245.35},{"text":"such","start":8245.35,"end":8245.51},{"text":"as","start":8245.51,"end":8245.67},{"text":"green","start":8245.67,"end":8245.99},{"text":"sukuk","start":8245.99,"end":8246.39},{"text":"and","start":8246.79,"end":8246.95},{"text":"SDG","start":8246.95,"end":8247.43},{"text":"bonds.","start":8247.43,"end":8248.07}]},{"text":"Chair, A fair, rule-based, multilateral trading system remains an engine of inclusive growth.","start":8248.47,"end":8253.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Chair,","start":8248.47,"end":8248.87},{"text":"A","start":8249.43,"end":8249.47},{"text":"fair,","start":8249.47,"end":8249.95},{"text":"rule-based,","start":8249.95,"end":8250.47},{"text":"multilateral","start":8250.47,"end":8251.03},{"text":"trading","start":8251.03,"end":8251.35},{"text":"system","start":8251.35,"end":8251.75},{"text":"remains","start":8251.75,"end":8252.07},{"text":"an","start":8252.07,"end":8252.15},{"text":"engine","start":8252.15,"end":8252.63},{"text":"of","start":8252.63,"end":8252.79},{"text":"inclusive","start":8252.79,"end":8253.35},{"text":"growth.","start":8253.35,"end":8253.67}]},{"text":"Malaysia will continue to champion South-South and triangular cooperation.","start":8254.07,"end":8257.59,"topics":[],"words":[{"text":"Malaysia","start":8254.07,"end":8254.39},{"text":"will","start":8254.39,"end":8254.59},{"text":"continue","start":8254.59,"end":8254.99},{"text":"to","start":8254.99,"end":8255.07},{"text":"champion","start":8255.11,"end":8255.59},{"text":"South-South","start":8255.59,"end":8256.23},{"text":"and","start":8256.23,"end":8256.39},{"text":"triangular","start":8256.39,"end":8256.83},{"text":"cooperation.","start":8256.83,"end":8257.59}]},{"text":"We also stand ready to work with all partners towards a global financial system that leaves no one behind.","start":8258.03,"end":8262.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"We","start":8258.03,"end":8258.15},{"text":"also","start":8258.15,"end":8258.39},{"text":"stand","start":8258.39,"end":8258.71},{"text":"ready","start":8258.71,"end":8258.91},{"text":"to","start":8258.91,"end":8259.03},{"text":"work","start":8259.03,"end":8259.19},{"text":"with","start":8259.19,"end":8259.35},{"text":"all","start":8259.35,"end":8259.51},{"text":"partners","start":8259.51,"end":8259.99},{"text":"towards","start":8259.99,"end":8260.31},{"text":"a","start":8260.31,"end":8260.35},{"text":"global","start":8260.35,"end":8260.79},{"text":"financial","start":8260.79,"end":8261.23},{"text":"system","start":8261.23,"end":8261.75},{"text":"that","start":8261.75,"end":8261.91},{"text":"leaves","start":8261.91,"end":8262.15},{"text":"no","start":8262.15,"end":8262.31},{"text":"one","start":8262.31,"end":8262.47},{"text":"behind.","start":8262.47,"end":8262.95}]},{"text":"I thank you.","start":8263.27,"end":8263.63,"topics":[],"words":[{"text":"I","start":8263.27,"end":8263.31},{"text":"thank","start":8263.31,"end":8263.51},{"text":"you.","start":8263.51,"end":8263.63}]}]}],"speaker":{"affiliation":"MYS","group":null,"function":null,"affiliation_full":"Malaysia"}},{"statement_number":55,"start":8265.91,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:17:46","paragraphs":[{"sentences":[{"text":"I thank the representative of Malaysia.","start":8265.91,"end":8267.83,"topics":[],"words":[{"text":"I","start":8265.91,"end":8266.07},{"text":"thank","start":8266.15,"end":8266.35},{"text":"the","start":8266.35,"end":8266.43},{"text":"representative","start":8266.43,"end":8267.07},{"text":"of","start":8267.07,"end":8267.27},{"text":"Malaysia.","start":8267.27,"end":8267.83}]},{"text":"I now give the floor to the distinguished representative of Lao People's Democratic Republic.","start":8268.47,"end":8273.03,"topics":[],"words":[{"text":"I","start":8268.47,"end":8268.71},{"text":"now","start":8268.71,"end":8268.87},{"text":"give","start":8268.87,"end":8269.03},{"text":"the","start":8269.03,"end":8269.15},{"text":"floor","start":8269.15,"end":8269.55},{"text":"to","start":8269.55,"end":8269.67},{"text":"the","start":8269.67,"end":8269.79},{"text":"distinguished","start":8269.79,"end":8270.23},{"text":"representative","start":8270.23,"end":8270.87},{"text":"of","start":8270.95,"end":8271.27},{"text":"Lao","start":8271.27,"end":8271.59},{"text":"People's","start":8271.59,"end":8272.11},{"text":"Democratic","start":8272.11,"end":8272.51},{"text":"Republic.","start":8272.51,"end":8273.03}]},{"text":"Mike, to Laos, please.","start":8286.43,"end":8287.79,"topics":[],"words":[{"text":"Mike,","start":8286.43,"end":8286.83},{"text":"to","start":8286.83,"end":8286.91},{"text":"Laos,","start":8286.91,"end":8287.31},{"text":"please.","start":8287.31,"end":8287.79}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":56,"start":8288.91,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:18:09","paragraphs":[{"sentences":[{"text":"Thank you, Chair. The Lao PDR aligns its statement with the one stated on behalf of the Group of 77 and China, ASEAN and 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welcome this discussion to follow up on the FfD 4 outcome and advance the 2030 agenda.","start":8296.75,"end":8302.27,"topics":[],"words":[{"text":"We","start":8296.75,"end":8296.91},{"text":"welcome","start":8296.95,"end":8297.23},{"text":"this","start":8297.23,"end":8297.35},{"text":"discussion","start":8297.35,"end":8298.19},{"text":"to","start":8298.19,"end":8298.31},{"text":"follow","start":8298.31,"end":8298.51},{"text":"up","start":8298.55,"end":8298.67},{"text":"on","start":8298.67,"end":8298.83},{"text":"the","start":8298.83,"end":8298.91},{"text":"FfD","start":8298.91,"end":8299.39},{"text":"4","start":8299.39,"end":8299.63},{"text":"outcome","start":8299.63,"end":8300.03},{"text":"and","start":8300.27,"end":8300.47},{"text":"advance","start":8300.47,"end":8300.87},{"text":"the","start":8300.87,"end":8300.95},{"text":"2030","start":8300.95,"end":8301.51},{"text":"agenda.","start":8301.51,"end":8302.27}]},{"text":"With less than four years, the SDG progress is uneven, whereas the complex macroeconomic pressures and growing development needs are facing developing 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taking note of progress made, we reiterate the need for the full and timely implementation of the Seville Commitment, supported by strengthened multilateral cooperation and concrete actions by development partners, multilateral development banks, and international financial institutions.","start":8314.27,"end":8330.55,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"In","start":8396.47,"end":8396.51},{"text":"this","start":8396.51,"end":8396.71},{"text":"light,","start":8396.71,"end":8396.95},{"text":"we","start":8396.95,"end":8397.19},{"text":"seek","start":8397.19,"end":8397.59},{"text":"sustained","start":8397.59,"end":8398.23},{"text":"access","start":8398.39,"end":8398.87},{"text":"to","start":8398.87,"end":8399.11},{"text":"concessional","start":8399.11,"end":8399.75},{"text":"and","start":8399.75,"end":8399.91},{"text":"long-term","start":8399.91,"end":8400.39},{"text":"finance","start":8400.39,"end":8400.95},{"text":"and","start":8401.03,"end":8401.27},{"text":"increased","start":8401.27,"end":8401.83},{"text":"investments,","start":8401.99,"end":8402.79},{"text":"among","start":8403.19,"end":8403.47},{"text":"others.","start":8403.47,"end":8403.99}]},{"text":"An open, transparent, rules-based, and multilateral trading system is equally essential to support our country's deeper integration into regional and global markets.","start":8404.51,"end":8414.07,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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trends.","start":8473.07,"end":8475.55,"topics":[],"words":[{"text":"Reports","start":8473.07,"end":8473.55},{"text":"for","start":8473.55,"end":8473.75},{"text":"this","start":8473.75,"end":8473.95},{"text":"session","start":8473.95,"end":8474.19},{"text":"agree","start":8474.19,"end":8474.51},{"text":"on","start":8474.51,"end":8474.67},{"text":"common","start":8474.67,"end":8474.99},{"text":"trends.","start":8474.99,"end":8475.55}]},{"text":"The global macroeconomic and geopolitical environment remains extraordinarily challenging, exacerbating a financing squeeze for developing countries.","start":8475.79,"end":8484.11,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and 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uncertainty, and risk.","start":8484.43,"end":8493.55,"topics":[],"words":[{"text":"Compounding","start":8484.43,"end":8484.95},{"text":"shocks","start":8484.95,"end":8485.39},{"text":"are","start":8485.39,"end":8485.55},{"text":"best","start":8485.55,"end":8485.87},{"text":"understood","start":8485.87,"end":8486.51},{"text":"as","start":8486.59,"end":8486.75},{"text":"a","start":8486.75,"end":8486.79},{"text":"new","start":8486.79,"end":8486.99},{"text":"normal,","start":8486.99,"end":8487.47},{"text":"where","start":8487.87,"end":8488.11},{"text":"sustainable","start":8488.11,"end":8488.59},{"text":"development","start":8488.59,"end":8489.23},{"text":"must","start":8489.23,"end":8489.47},{"text":"be","start":8489.47,"end":8489.55},{"text":"protected","start":8489.55,"end":8490.19},{"text":"and","start":8490.19,"end":8490.39},{"text":"delivered","start":8490.39,"end":8490.83},{"text":"under","start":8490.83,"end":8491.07},{"text":"sustained","start":8491.07,"end":8491.47},{"text":"pressure,","start":8491.47,"end":8492.03},{"text":"uncertainty,","start":8492.23,"end":8492.99},{"text":"and","start":8492.99,"end":8493.23},{"text":"risk.","start":8493.23,"end":8493.55}]},{"text":"The Philippines continues to implement measures that respond to immediate crisis and shocks, while protecting development gains and investing in long-term 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our case, the middle income trap continues to pose a major challenge.","start":8502.67,"end":8505.91,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"In","start":8502.67,"end":8502.83},{"text":"our","start":8502.83,"end":8502.99},{"text":"case,","start":8502.99,"end":8503.23},{"text":"the","start":8503.23,"end":8503.35},{"text":"middle","start":8503.35,"end":8503.55},{"text":"income","start":8503.55,"end":8503.87},{"text":"trap","start":8503.87,"end":8504.19},{"text":"continues","start":8504.19,"end":8504.67},{"text":"to","start":8504.67,"end":8504.79},{"text":"pose","start":8504.79,"end":8505.07},{"text":"a","start":8505.07,"end":8505.15},{"text":"major","start":8505.15,"end":8505.47},{"text":"challenge.","start":8505.47,"end":8505.91}]},{"text":"However, there is progress we should recognize across all action areas of the Ceville commitment.","start":8506.35,"end":8511.07,"topics":[],"words":[{"text":"However,","start":8506.35,"end":8506.91},{"text":"there","start":8506.91,"end":8507.03},{"text":"is","start":8507.03,"end":8507.15},{"text":"progress","start":8507.15,"end":8507.63},{"text":"we","start":8507.63,"end":8507.71},{"text":"should","start":8507.71,"end":8507.87},{"text":"recognize","start":8507.87,"end":8508.51},{"text":"across","start":8508.51,"end":8508.91},{"text":"all","start":8508.91,"end":8509.15},{"text":"action","start":8509.15,"end":8509.55},{"text":"areas","start":8509.55,"end":8509.95},{"text":"of","start":8509.95,"end":8510.07},{"text":"the","start":8510.07,"end":8510.15},{"text":"Ceville","start":8510.15,"end":8510.51},{"text":"commitment.","start":8510.51,"end":8511.07}]},{"text":"We should build on this momentum for this session.","start":8511.39,"end":8513.55,"topics":[],"words":[{"text":"We","start":8511.39,"end":8511.55},{"text":"should","start":8511.55,"end":8511.71},{"text":"build","start":8511.71,"end":8512.07},{"text":"on","start":8512.07,"end":8512.19},{"text":"this","start":8512.19,"end":8512.35},{"text":"momentum","start":8512.35,"end":8512.75},{"text":"for","start":8512.75,"end":8512.91},{"text":"this","start":8512.91,"end":8513.11},{"text":"session.","start":8513.11,"end":8513.55}]},{"text":"The Philippines highlights the following.","start":8513.87,"end":8515.47,"topics":[],"words":[{"text":"The","start":8513.87,"end":8513.99},{"text":"Philippines","start":8513.99,"end":8514.43},{"text":"highlights","start":8514.43,"end":8514.83},{"text":"the","start":8514.83,"end":8514.95},{"text":"following.","start":8514.95,"end":8515.47}]},{"text":"We should focus on strengthening institutions to scale up mobilization of domestic, public, and private resources.","start":8516.11,"end":8521.87,"topics":[],"words":[{"text":"We","start":8516.11,"end":8516.27},{"text":"should","start":8516.27,"end":8516.43},{"text":"focus","start":8516.43,"end":8516.91},{"text":"on","start":8516.91,"end":8517.07},{"text":"strengthening","start":8517.07,"end":8517.63},{"text":"institutions","start":8517.63,"end":8518.43},{"text":"to","start":8518.43,"end":8518.51},{"text":"scale","start":8518.51,"end":8518.83},{"text":"up","start":8518.83,"end":8518.99},{"text":"mobilization","start":8518.99,"end":8519.59},{"text":"of","start":8519.59,"end":8519.71},{"text":"domestic,","start":8519.71,"end":8520.27},{"text":"public,","start":8520.27,"end":8520.67},{"text":"and","start":8520.67,"end":8520.79},{"text":"private","start":8520.79,"end":8521.15},{"text":"resources.","start":8521.15,"end":8521.87}]},{"text":"systems should be aligned with sustainable development, while multilateral frameworks should be tailored to the needs and priorities of developing countries.","start":8522.71,"end":8530.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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should harness data as a policy tool for sustained, coherent and integrated efforts.","start":8530.71,"end":8535.51,"topics":[],"words":[{"text":"We","start":8530.71,"end":8530.87},{"text":"should","start":8530.91,"end":8531.03},{"text":"harness","start":8531.03,"end":8531.35},{"text":"data","start":8531.35,"end":8531.67},{"text":"as","start":8531.67,"end":8531.91},{"text":"a","start":8531.91,"end":8531.95},{"text":"policy","start":8531.95,"end":8532.31},{"text":"tool","start":8532.31,"end":8532.63},{"text":"for","start":8532.63,"end":8532.75},{"text":"sustained,","start":8532.75,"end":8533.35},{"text":"coherent","start":8533.67,"end":8534.19},{"text":"and","start":8534.19,"end":8534.31},{"text":"integrated","start":8534.31,"end":8534.87},{"text":"efforts.","start":8534.87,"end":8535.51}]},{"text":"We should be guided by this baseline in our work for this session.","start":8535.67,"end":8538.79,"topics":[],"words":[{"text":"We","start":8535.67,"end":8535.83},{"text":"should","start":8535.83,"end":8535.99},{"text":"be","start":8535.99,"end":8536.15},{"text":"guided","start":8536.15,"end":8536.55},{"text":"by","start":8536.55,"end":8536.63},{"text":"this","start":8536.63,"end":8536.79},{"text":"baseline","start":8536.79,"end":8537.31},{"text":"in","start":8537.31,"end":8537.39},{"text":"our","start":8537.39,"end":8537.55},{"text":"work","start":8537.55,"end":8537.83},{"text":"for","start":8537.83,"end":8538.07},{"text":"this","start":8538.07,"end":8538.27},{"text":"session.","start":8538.27,"end":8538.79}]},{"text":"Much work is needed on delivering reforms of the international financial architecture.","start":8539.19,"end":8542.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and 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sustainability.","start":8543.35,"end":8552.19,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"We","start":8584.67,"end":8584.83},{"text":"strongly","start":8584.83,"end":8585.15},{"text":"support","start":8585.15,"end":8585.51},{"text":"the","start":8585.51,"end":8585.59},{"text":"promotion","start":8585.59,"end":8586.19},{"text":"of","start":8586.19,"end":8586.35},{"text":"the","start":8586.35,"end":8586.59},{"text":"creative","start":8587.07,"end":8587.55},{"text":"economy,","start":8587.55,"end":8588.19},{"text":"fostering","start":8588.67,"end":8589.15},{"text":"an","start":8589.15,"end":8589.31},{"text":"enabling","start":8589.31,"end":8589.59},{"text":"environment","start":8589.59,"end":8590.27},{"text":"for","start":8590.59,"end":8590.75},{"text":"the","start":8590.75,"end":8590.83},{"text":"creative","start":8590.83,"end":8591.23},{"text":"industry.","start":8591.23,"end":8591.87}]},{"text":"Finally, the middle income countries role in the evolving global trade and investment system presents an imperative for greater support for the elaboration of a strategic plan of action for middle income countries.","start":8592.35,"end":8603.95,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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you.","start":8604.03,"end":8604.43,"topics":[],"words":[{"text":"Thank","start":8604.03,"end":8604.31},{"text":"you.","start":8604.31,"end":8604.43}]}]}],"speaker":{"affiliation":"PHL","group":null,"function":null,"affiliation_full":"Philippines"}},{"statement_number":59,"start":8607.15,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:23:28","paragraphs":[{"sentences":[{"text":"I thank the representative of the Philippines.","start":8607.15,"end":8609.23,"topics":[],"words":[{"text":"I","start":8607.15,"end":8607.16},{"text":"thank","start":8607.15,"end":8607.43},{"text":"the","start":8607.43,"end":8607.51},{"text":"representative","start":8607.51,"end":8608.11},{"text":"of","start":8608.11,"end":8608.35},{"text":"the","start":8608.35,"end":8608.51},{"text":"Philippines.","start":8608.51,"end":8609.23}]},{"text":"I now give the floor to the distinguished permanent representative of 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our national capacity, we wish to underscore the importance of strengthening a fairer, more inclusive, and rules-based international economic system.","start":8627.03,"end":8635.15,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"In","start":8627.03,"end":8627.15},{"text":"our","start":8627.15,"end":8627.23},{"text":"national","start":8627.83,"end":8628.35},{"text":"capacity,","start":8628.35,"end":8628.99},{"text":"we","start":8629.07,"end":8629.15},{"text":"wish","start":8629.15,"end":8629.31},{"text":"to","start":8629.31,"end":8629.39},{"text":"underscore","start":8629.39,"end":8629.75},{"text":"the","start":8629.75,"end":8629.83},{"text":"importance","start":8629.83,"end":8630.19},{"text":"of","start":8630.19,"end":8630.27},{"text":"strengthening","start":8630.27,"end":8630.75},{"text":"a","start":8630.75,"end":8630.79},{"text":"fairer,","start":8630.79,"end":8631.63},{"text":"more","start":8632.35,"end":8632.51},{"text":"inclusive,","start":8632.51,"end":8633.31},{"text":"and","start":8633.35,"end":8633.51},{"text":"rules-based","start":8633.51,"end":8633.99},{"text":"international","start":8633.99,"end":8634.47},{"text":"economic","start":8634.47,"end":8634.79},{"text":"system.","start":8634.79,"end":8635.15}]},{"text":"particularly given the growing economic tensions, financial constraints and increasing development challenges.","start":8635.79,"end":8642.39,"topics":[],"words":[{"text":"particularly","start":8635.79,"end":8636.39},{"text":"given","start":8636.39,"end":8636.71},{"text":"the","start":8636.71,"end":8636.83},{"text":"growing","start":8637.03,"end":8637.59},{"text":"economic","start":8637.59,"end":8637.99},{"text":"tensions,","start":8637.99,"end":8638.55},{"text":"financial","start":8639.11,"end":8639.59},{"text":"constraints","start":8639.59,"end":8640.23},{"text":"and","start":8640.71,"end":8640.87},{"text":"increasing","start":8640.87,"end":8641.31},{"text":"development","start":8641.31,"end":8641.75},{"text":"challenges.","start":8641.75,"end":8642.39}]},{"text":"The system should allow all countries to participate fully in and benefit from the global economy under more equitable conditions.","start":8644.31,"end":8651.99,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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with the Secretary-General on the need to turn the commitments reached in Seville into concrete results.","start":8652.51,"end":8660.79,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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strengthen international cooperation, including South-South and triangular cooperation, and advance towards a more inclusive and representative international financial architecture.","start":8661.75,"end":8678.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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a middle-income country, Guatemala reiterates that per capita income in itself does not adequately reflect the vulnerabilities, inequalities, and structural gaps faced by many countries.","start":8678.95,"end":8688.31,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Guatemala","start":8705.75,"end":8706.19},{"text":"also","start":8706.19,"end":8706.51},{"text":"considers","start":8706.51,"end":8707.07},{"text":"it","start":8707.07,"end":8707.23},{"text":"essential","start":8707.23,"end":8707.87},{"text":"to","start":8707.87,"end":8707.95},{"text":"strengthen","start":8708.07,"end":8708.91},{"text":"an","start":8710.23,"end":8710.35},{"text":"open,","start":8710.35,"end":8710.75},{"text":"transparent,","start":8710.83,"end":8711.63},{"text":"predictable","start":8712.27,"end":8712.91},{"text":"and","start":8712.99,"end":8713.27},{"text":"non-discriminatory","start":8713.27,"end":8714.35},{"text":"multilateral","start":8714.35,"end":8714.87},{"text":"trading","start":8714.87,"end":8715.23},{"text":"system","start":8715.23,"end":8715.63},{"text":"that","start":8716.19,"end":8716.43},{"text":"facilitates","start":8716.43,"end":8717.07},{"text":"the","start":8717.07,"end":8717.15},{"text":"participation","start":8717.15,"end":8717.79},{"text":"of","start":8717.79,"end":8717.87},{"text":"developing","start":8717.87,"end":8718.27},{"text":"countries","start":8718.27,"end":8718.79},{"text":"in","start":8718.79,"end":8719.07},{"text":"international","start":8719.07,"end":8719.59},{"text":"markets.","start":8719.59,"end":8720.03}]},{"text":"and favors their integration into regional and global value chains.","start":8721.55,"end":8724.79,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"and","start":8721.55,"end":8721.67},{"text":"favors","start":8721.67,"end":8721.95},{"text":"their","start":8721.95,"end":8722.11},{"text":"integration","start":8722.11,"end":8722.71},{"text":"into","start":8722.79,"end":8723.07},{"text":"regional","start":8723.07,"end":8723.51},{"text":"and","start":8723.51,"end":8723.63},{"text":"global","start":8723.63,"end":8723.99},{"text":"value","start":8723.99,"end":8724.31},{"text":"chains.","start":8724.31,"end":8724.79}]},{"text":"Guatemala recognizes the important contribution of remittances to the well-being of families and local economies.","start":8725.67,"end":8731.67,"topics":[],"words":[{"text":"Guatemala","start":8725.67,"end":8726.07},{"text":"recognizes","start":8726.07,"end":8726.67},{"text":"the","start":8726.67,"end":8726.75},{"text":"important","start":8726.75,"end":8727.27},{"text":"contribution","start":8727.27,"end":8727.91},{"text":"of","start":8727.91,"end":8728.15},{"text":"remittances","start":8728.15,"end":8728.95},{"text":"to","start":8729.19,"end":8729.31},{"text":"the","start":8729.31,"end":8729.43},{"text":"well-being","start":8729.43,"end":8729.83},{"text":"of","start":8729.83,"end":8729.91},{"text":"families","start":8729.91,"end":8730.47},{"text":"and","start":8730.55,"end":8730.75},{"text":"local","start":8730.75,"end":8731.03},{"text":"economies.","start":8731.03,"end":8731.67}]},{"text":"The direct impact of remittances make it necessary to continue reducing transfer costs, promote financial inclusion, and avoid discriminatory measures that may hamper those flows.","start":8732.79,"end":8743.43,"topics":[],"words":[{"text":"The","start":8732.79,"end":8732.91},{"text":"direct","start":8732.91,"end":8733.19},{"text":"impact","start":8733.19,"end":8733.59},{"text":"of","start":8733.59,"end":8733.91},{"text":"remittances","start":8734.15,"end":8734.63},{"text":"make","start":8734.63,"end":8734.83},{"text":"it","start":8734.83,"end":8734.95},{"text":"necessary","start":8734.95,"end":8735.31},{"text":"to","start":8735.31,"end":8735.39},{"text":"continue","start":8735.39,"end":8735.75},{"text":"reducing","start":8735.75,"end":8736.11},{"text":"transfer","start":8736.11,"end":8736.55},{"text":"costs,","start":8736.55,"end":8737.03},{"text":"promote","start":8737.35,"end":8737.83},{"text":"financial","start":8737.99,"end":8738.63},{"text":"inclusion,","start":8738.63,"end":8739.11},{"text":"and","start":8739.51,"end":8739.67},{"text":"avoid","start":8739.67,"end":8740.03},{"text":"discriminatory","start":8740.03,"end":8740.71},{"text":"measures","start":8740.71,"end":8741.11},{"text":"that","start":8741.75,"end":8741.91},{"text":"may","start":8741.91,"end":8742.15},{"text":"hamper","start":8742.23,"end":8742.71},{"text":"those","start":8742.79,"end":8743.03},{"text":"flows.","start":8743.03,"end":8743.43}]},{"text":"Lastly, Guatemala reaffirms the importance of ensuring that international development efforts consider different national situations and enable middle-income countries to overcome these structural gaps that continue to limit their sustainable development.","start":8744.63,"end":8760.39,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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for Rwanda, we are living attention that many small developing countries are facing.","start":8784.11,"end":8789.07,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. 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Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Rwanda's","start":8836.35,"end":8836.83},{"text":"economic","start":8836.83,"end":8837.39},{"text":"framework","start":8837.39,"end":8837.75},{"text":"combines","start":8837.75,"end":8838.27},{"text":"fiscal","start":8838.27,"end":8838.75},{"text":"consolidation","start":8838.75,"end":8839.79},{"text":"and","start":8839.95,"end":8840.15},{"text":"debt","start":8840.15,"end":8840.35},{"text":"sustainability","start":8840.35,"end":8841.47},{"text":"with","start":8841.47,"end":8841.71},{"text":"continued","start":8841.71,"end":8842.27},{"text":"investment","start":8842.27,"end":8842.91},{"text":"in","start":8842.91,"end":8843.07},{"text":"productive","start":8843.07,"end":8843.55},{"text":"sectors,","start":8843.55,"end":8844.19},{"text":"domestic","start":8844.51,"end":8844.99},{"text":"manufacturing,","start":8844.99,"end":8845.95},{"text":"exports,","start":8845.95,"end":8846.59},{"text":"human","start":8846.59,"end":8846.95},{"text":"capital,","start":8846.95,"end":8847.55},{"text":"and","start":8847.79,"end":8848.03},{"text":"job","start":8848.03,"end":8848.27},{"text":"creation.","start":8848.27,"end":8848.91}]},{"text":"Chair, Rwanda's approach starts at home.","start":8850.03,"end":8852.67,"topics":[],"words":[{"text":"Chair,","start":8850.03,"end":8850.51},{"text":"Rwanda's","start":8850.67,"end":8851.31},{"text":"approach","start":8851.31,"end":8851.87},{"text":"starts","start":8851.87,"end":8852.23},{"text":"at","start":8852.23,"end":8852.35},{"text":"home.","start":8852.35,"end":8852.67}]},{"text":"By strengthening domestic resource mobilization, deepening financial markets, and improving public financial management, we are creating the conditions for truly productive investment.","start":8852.67,"end":8863.23,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."},{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"By","start":8852.67,"end":8852.91},{"text":"strengthening","start":8852.91,"end":8853.55},{"text":"domestic","start":8853.55,"end":8854.15},{"text":"resource","start":8854.15,"end":8854.59},{"text":"mobilization,","start":8854.59,"end":8855.55},{"text":"deepening","start":8855.79,"end":8856.27},{"text":"financial","start":8856.27,"end":8856.79},{"text":"markets,","start":8856.79,"end":8857.47},{"text":"and","start":8857.47,"end":8857.63},{"text":"improving","start":8857.63,"end":8858.11},{"text":"public","start":8858.11,"end":8858.51},{"text":"financial","start":8858.51,"end":8858.99},{"text":"management,","start":8858.99,"end":8859.63},{"text":"we","start":8859.87,"end":8860.11},{"text":"are","start":8860.11,"end":8860.27},{"text":"creating","start":8860.27,"end":8860.75},{"text":"the","start":8860.75,"end":8860.87},{"text":"conditions","start":8860.87,"end":8861.47},{"text":"for","start":8861.47,"end":8861.63},{"text":"truly","start":8861.63,"end":8862.03},{"text":"productive","start":8862.03,"end":8862.59},{"text":"investment.","start":8862.59,"end":8863.23}]},{"text":"In 2025, Rwanda registered 2.6 billion USD in investment commitments across 799 projects expected to generate more than 38,000 jobs, and further turning these investment commitments into local enterprises, productive capacity, and lasting employment opportunities.","start":8863.71,"end":8882.15,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"The","start":8888.55,"end":8888.59},{"text":"Seville","start":8888.59,"end":8889.03},{"text":"commitment","start":8889.03,"end":8889.59},{"text":"calls","start":8889.59,"end":8889.91},{"text":"for","start":8889.91,"end":8890.07},{"text":"action","start":8890.07,"end":8890.63},{"text":"to","start":8891.27,"end":8891.35},{"text":"address","start":8891.35,"end":8891.83},{"text":"the","start":8891.83,"end":8891.91},{"text":"higher","start":8891.91,"end":8893.11},{"text":"borrowing","start":8893.11,"end":8893.75},{"text":"premiums","start":8893.99,"end":8894.55},{"text":"faced","start":8894.55,"end":8894.87},{"text":"by","start":8894.87,"end":8895.03},{"text":"African","start":8895.03,"end":8895.51},{"text":"countries,","start":8895.51,"end":8895.99},{"text":"including","start":8896.31,"end":8896.87},{"text":"where","start":8896.87,"end":8897.11},{"text":"risk","start":8897.11,"end":8897.35},{"text":"ratings","start":8897.35,"end":8897.83},{"text":"are","start":8897.83,"end":8897.91},{"text":"comparable.","start":8897.91,"end":8898.63}]},{"text":"We urge concrete follow-through alongside credit assessments that better recognize the long-term contribution of investment to growth and resilience.","start":8899.19,"end":8908.15,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and 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will continue doing its part.","start":8921.95,"end":8923.87,"topics":[],"words":[{"text":"Rwanda","start":8921.95,"end":8922.47},{"text":"will","start":8922.47,"end":8922.59},{"text":"continue","start":8922.59,"end":8922.99},{"text":"doing","start":8922.99,"end":8923.31},{"text":"its","start":8923.31,"end":8923.47},{"text":"part.","start":8923.47,"end":8923.87}]},{"text":"We expect the international system to do the same.","start":8923.87,"end":8926.67,"topics":[],"words":[{"text":"We","start":8923.87,"end":8924.07},{"text":"expect","start":8924.07,"end":8924.47},{"text":"the","start":8924.47,"end":8924.59},{"text":"international","start":8924.59,"end":8925.31},{"text":"system","start":8925.31,"end":8925.79},{"text":"to","start":8925.79,"end":8925.95},{"text":"do","start":8925.95,"end":8926.11},{"text":"the","start":8926.11,"end":8926.23},{"text":"same.","start":8926.23,"end":8926.67}]},{"text":"I thank you.","start":8926.75,"end":8927.31,"topics":[],"words":[{"text":"I","start":8926.75,"end":8926.83},{"text":"thank","start":8926.83,"end":8927.15},{"text":"you.","start":8927.15,"end":8927.31}]}]}],"speaker":{"affiliation":"RWA","group":null,"function":null,"affiliation_full":"Rwanda"}},{"statement_number":63,"start":8929.23,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:28:50","paragraphs":[{"sentences":[{"text":"I thank the representative of Rwanda.","start":8929.23,"end":8931.15,"topics":[],"words":[{"text":"I","start":8929.23,"end":8929.47},{"text":"thank","start":8929.47,"end":8929.67},{"text":"the","start":8929.67,"end":8929.75},{"text":"representative","start":8929.75,"end":8930.39},{"text":"of","start":8930.39,"end":8930.51},{"text":"Rwanda.","start":8930.51,"end":8931.15}]},{"text":"I now give the floor to the distinguished Permanent Representative of 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Group of LDCs.","start":8938.59,"end":8949.67,"topics":[],"words":[{"text":"Mr.","start":8938.59,"end":8939.19},{"text":"Chair,","start":8940.15,"end":8940.47},{"text":"my","start":8940.71,"end":8940.83},{"text":"delegation","start":8940.83,"end":8941.63},{"text":"aligns","start":8941.63,"end":8941.87},{"text":"itself","start":8941.87,"end":8942.19},{"text":"with","start":8942.19,"end":8942.31},{"text":"the","start":8942.31,"end":8942.39},{"text":"statements","start":8942.59,"end":8943.11},{"text":"made","start":8943.11,"end":8943.63},{"text":"on","start":8943.63,"end":8943.71},{"text":"behalf","start":8943.75,"end":8943.95},{"text":"of","start":8943.95,"end":8944.07},{"text":"the","start":8944.07,"end":8944.23},{"text":"G77","start":8944.23,"end":8944.87},{"text":"and","start":8944.87,"end":8945.03},{"text":"China,","start":8945.03,"end":8945.43},{"text":"the","start":8946.31,"end":8946.39},{"text":"Group","start":8946.39,"end":8946.55},{"text":"of","start":8946.55,"end":8946.63},{"text":"African","start":8946.63,"end":8946.91},{"text":"States,","start":8946.91,"end":8947.35},{"text":"and","start":8947.99,"end":8948.23},{"text":"the","start":8948.23,"end":8948.31},{"text":"Group","start":8948.31,"end":8948.63},{"text":"of","start":8948.71,"end":8948.95},{"text":"LDCs.","start":8948.95,"end":8949.67}]},{"text":"One year after the adoption of the Sivia commitment, it is clear that we must now move from commitments to their effective implementation.","start":8950.15,"end":8958.87,"topics":[],"words":[{"text":"One","start":8950.15,"end":8950.39},{"text":"year","start":8950.39,"end":8950.51},{"text":"after","start":8950.51,"end":8950.71},{"text":"the","start":8950.71,"end":8950.79},{"text":"adoption","start":8950.79,"end":8951.15},{"text":"of","start":8951.15,"end":8951.27},{"text":"the","start":8951.27,"end":8951.47},{"text":"Sivia","start":8951.59,"end":8951.91},{"text":"commitment,","start":8952.39,"end":8953.03},{"text":"it","start":8953.11,"end":8953.35},{"text":"is","start":8953.35,"end":8953.51},{"text":"clear","start":8953.51,"end":8954.07},{"text":"that","start":8954.39,"end":8954.71},{"text":"we","start":8954.71,"end":8954.87},{"text":"must","start":8954.87,"end":8955.11},{"text":"now","start":8955.11,"end":8955.43},{"text":"move","start":8955.43,"end":8955.87},{"text":"from","start":8955.87,"end":8956.07},{"text":"commitments","start":8956.07,"end":8956.95},{"text":"to","start":8956.95,"end":8957.27},{"text":"their","start":8957.27,"end":8957.67},{"text":"effective","start":8957.67,"end":8958.11},{"text":"implementation.","start":8958.11,"end":8958.87}]},{"text":"As we approach 2030, the development financing gap remains considerable.","start":8959.27,"end":8964.47,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"As","start":8959.27,"end":8959.43},{"text":"we","start":8959.43,"end":8959.51},{"text":"approach","start":8959.51,"end":8959.71},{"text":"2030,","start":8959.71,"end":8960.51},{"text":"the","start":8961.03,"end":8961.23},{"text":"development","start":8961.99,"end":8962.47},{"text":"financing","start":8962.47,"end":8963.03},{"text":"gap","start":8963.03,"end":8963.43},{"text":"remains","start":8963.43,"end":8963.67},{"text":"considerable.","start":8963.67,"end":8964.47}]},{"text":"while developing countries, in particular vulnerable countries and LDCs, continue to face increasing financial constraints.","start":8964.87,"end":8972.75,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"while","start":8964.87,"end":8965.23},{"text":"developing","start":8965.23,"end":8965.63},{"text":"countries,","start":8965.63,"end":8966.27},{"text":"in","start":8966.43,"end":8966.51},{"text":"particular","start":8966.51,"end":8966.95},{"text":"vulnerable","start":8966.95,"end":8967.35},{"text":"countries","start":8967.35,"end":8967.75},{"text":"and","start":8967.75,"end":8967.91},{"text":"LDCs,","start":8967.91,"end":8968.59},{"text":"continue","start":8968.99,"end":8969.55},{"text":"to","start":8969.55,"end":8969.67},{"text":"face","start":8969.67,"end":8970.11},{"text":"increasing","start":8971.07,"end":8971.63},{"text":"financial","start":8971.63,"end":8972.03},{"text":"constraints.","start":8972.03,"end":8972.75}]},{"text":"Allow me to mention five priority messages from Burundi.","start":8973.23,"end":8976.59,"topics":[],"words":[{"text":"Allow","start":8973.23,"end":8973.43},{"text":"me","start":8973.43,"end":8973.71},{"text":"to","start":8973.71,"end":8973.95},{"text":"mention","start":8974.03,"end":8974.59},{"text":"five","start":8974.59,"end":8975.15},{"text":"priority","start":8975.15,"end":8975.55},{"text":"messages","start":8975.55,"end":8975.99},{"text":"from","start":8975.99,"end":8976.15},{"text":"Burundi.","start":8976.15,"end":8976.59}]},{"text":"First of all, poverty eradication must remain at the heart of development financing.","start":8976.59,"end":8981.31,"topics":[],"words":[{"text":"First","start":8976.59,"end":8976.83},{"text":"of","start":8976.83,"end":8976.91},{"text":"all,","start":8976.91,"end":8977.07},{"text":"poverty","start":8978.03,"end":8978.31},{"text":"eradication","start":8978.31,"end":8978.87},{"text":"must","start":8978.87,"end":8979.07},{"text":"remain","start":8979.07,"end":8979.39},{"text":"at","start":8979.39,"end":8979.51},{"text":"the","start":8979.51,"end":8979.63},{"text":"heart","start":8979.63,"end":8980.11},{"text":"of","start":8980.11,"end":8980.27},{"text":"development","start":8980.27,"end":8980.71},{"text":"financing.","start":8980.71,"end":8981.31}]},{"text":"It calls for adequate and predictable resources that allow developing countries to invest in health, education, infrastructure, food security and social protection in accordance with their national priorities.","start":8982.19,"end":8994.15,"topics":[],"words":[{"text":"It","start":8982.19,"end":8982.43},{"text":"calls","start":8982.43,"end":8982.83},{"text":"for","start":8982.83,"end":8983.39},{"text":"adequate","start":8984.55,"end":8984.83},{"text":"and","start":8984.83,"end":8984.95},{"text":"predictable","start":8984.95,"end":8985.43},{"text":"resources","start":8985.43,"end":8985.79},{"text":"that","start":8985.79,"end":8985.91},{"text":"allow","start":8985.91,"end":8986.15},{"text":"developing","start":8986.15,"end":8986.55},{"text":"countries","start":8986.55,"end":8986.99},{"text":"to","start":8986.99,"end":8987.07},{"text":"invest","start":8987.07,"end":8987.47},{"text":"in","start":8987.47,"end":8987.59},{"text":"health,","start":8987.59,"end":8987.83},{"text":"education,","start":8987.83,"end":8988.31},{"text":"infrastructure,","start":8988.31,"end":8989.11},{"text":"food","start":8989.51,"end":8989.75},{"text":"security","start":8989.75,"end":8990.47},{"text":"and","start":8990.71,"end":8990.95},{"text":"social","start":8990.95,"end":8991.19},{"text":"protection","start":8991.19,"end":8991.75},{"text":"in","start":8991.75,"end":8991.91},{"text":"accordance","start":8991.91,"end":8992.39},{"text":"with","start":8992.39,"end":8992.67},{"text":"their","start":8992.67,"end":8992.87},{"text":"national","start":8992.87,"end":8993.43},{"text":"priorities.","start":8993.43,"end":8994.15}]},{"text":"Secondly, we must restore predictable, accessible and affordable financing for development.","start":8994.47,"end":9001.35,"topics":[],"words":[{"text":"Secondly,","start":8994.47,"end":8995.03},{"text":"we","start":8995.91,"end":8996.03},{"text":"must","start":8996.03,"end":8996.27},{"text":"restore","start":8996.27,"end":8997.11},{"text":"predictable,","start":8997.63,"end":8998.23},{"text":"accessible","start":8998.27,"end":8998.87},{"text":"and","start":8999.19,"end":8999.39},{"text":"affordable","start":8999.39,"end":8999.91},{"text":"financing","start":9000.39,"end":9000.75},{"text":"for","start":9000.75,"end":9000.87},{"text":"development.","start":9000.87,"end":9001.35}]},{"text":"The decrease in ODA, in conjunction with the increase in the cost of energy, is reducing the budgetary space that is essential for development.","start":9001.91,"end":9011.67,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"The","start":9001.91,"end":9001.95},{"text":"decrease","start":9001.95,"end":9002.39},{"text":"in","start":9002.39,"end":9002.91},{"text":"ODA,","start":9002.91,"end":9003.15},{"text":"in","start":9003.15,"end":9003.87},{"text":"conjunction","start":9004.51,"end":9005.03},{"text":"with","start":9005.03,"end":9005.19},{"text":"the","start":9005.19,"end":9005.27},{"text":"increase","start":9005.27,"end":9005.79},{"text":"in","start":9005.79,"end":9006.19},{"text":"the","start":9006.19,"end":9006.27},{"text":"cost","start":9006.27,"end":9006.59},{"text":"of","start":9006.59,"end":9006.67},{"text":"energy,","start":9006.67,"end":9007.23},{"text":"is","start":9007.23,"end":9007.39},{"text":"reducing","start":9007.39,"end":9008.27},{"text":"the","start":9009.07,"end":9009.35},{"text":"budgetary","start":9009.95,"end":9010.39},{"text":"space","start":9010.39,"end":9010.55},{"text":"that","start":9010.55,"end":9010.67},{"text":"is","start":9010.67,"end":9010.79},{"text":"essential","start":9010.79,"end":9011.11},{"text":"for","start":9011.11,"end":9011.23},{"text":"development.","start":9011.23,"end":9011.67}]},{"text":"BRUNY therefore calls for the rapid implementation of the Ceville Ceville commitments, especially with regard to financial financing and mechanisms that will make possible to preserve the budgetary space of vulnerable countries.","start":9011.67,"end":9021.95,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"BRUNY","start":9011.67,"end":9012.43},{"text":"therefore","start":9012.43,"end":9012.67},{"text":"calls","start":9012.67,"end":9013.07},{"text":"for","start":9013.07,"end":9013.47},{"text":"the","start":9013.47,"end":9013.59},{"text":"rapid","start":9013.59,"end":9013.87},{"text":"implementation","start":9013.87,"end":9014.51},{"text":"of","start":9014.51,"end":9014.59},{"text":"the","start":9014.59,"end":9014.71},{"text":"Ceville","start":9014.71,"end":9015.23},{"text":"Ceville","start":9015.23,"end":9015.55},{"text":"commitments,","start":9015.55,"end":9016.11},{"text":"especially","start":9016.35,"end":9016.75},{"text":"with","start":9016.75,"end":9016.87},{"text":"regard","start":9016.87,"end":9017.11},{"text":"to","start":9017.11,"end":9017.19},{"text":"financial","start":9017.19,"end":9017.67},{"text":"financing","start":9017.67,"end":9018.31},{"text":"and","start":9018.31,"end":9018.43},{"text":"mechanisms","start":9018.43,"end":9018.83},{"text":"that","start":9018.83,"end":9018.95},{"text":"will","start":9018.95,"end":9019.07},{"text":"make","start":9019.07,"end":9019.23},{"text":"possible","start":9019.23,"end":9019.51},{"text":"to","start":9019.51,"end":9019.63},{"text":"preserve","start":9020.19,"end":9020.59},{"text":"the","start":9020.59,"end":9020.67},{"text":"budgetary","start":9020.67,"end":9020.99},{"text":"space","start":9020.99,"end":9021.19},{"text":"of","start":9021.19,"end":9021.27},{"text":"vulnerable","start":9021.27,"end":9021.67},{"text":"countries.","start":9021.67,"end":9021.95}]},{"text":"Thirdly, debt solutions must preserve investments in development.","start":9022.43,"end":9026.67,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Thirdly,","start":9022.43,"end":9022.99},{"text":"debt","start":9023.39,"end":9023.63},{"text":"solutions","start":9023.63,"end":9024.27},{"text":"must","start":9024.27,"end":9024.51},{"text":"preserve","start":9024.51,"end":9025.23},{"text":"investments","start":9025.23,"end":9025.87},{"text":"in","start":9025.87,"end":9026.07},{"text":"development.","start":9026.07,"end":9026.67}]},{"text":"Fourth, A more inclusive international financial architecture is essential.","start":9028.03,"end":9035.59,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Fourth,","start":9028.03,"end":9028.43},{"text":"A","start":9031.91,"end":9031.95},{"text":"more","start":9031.99,"end":9032.23},{"text":"inclusive","start":9032.23,"end":9033.27},{"text":"international","start":9033.51,"end":9034.03},{"text":"financial","start":9034.03,"end":9034.35},{"text":"architecture","start":9034.35,"end":9034.79},{"text":"is","start":9034.79,"end":9035.03},{"text":"essential.","start":9035.03,"end":9035.59}]},{"text":"It is urgent that the international financial architecture be reformed in order to enhance the voice and representation of developing countries in international financial institutions and to facilitate their access to adequate resources.","start":9036.63,"end":9049.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"It","start":9036.63,"end":9036.87},{"text":"is","start":9036.87,"end":9037.03},{"text":"urgent","start":9037.03,"end":9037.67},{"text":"that","start":9037.67,"end":9037.99},{"text":"the","start":9038.75,"end":9038.83},{"text":"international","start":9038.83,"end":9039.55},{"text":"financial","start":9039.55,"end":9039.95},{"text":"architecture","start":9039.95,"end":9040.35},{"text":"be","start":9040.35,"end":9040.43},{"text":"reformed","start":9040.43,"end":9041.03},{"text":"in","start":9041.03,"end":9041.19},{"text":"order","start":9041.19,"end":9041.43},{"text":"to","start":9041.43,"end":9041.83},{"text":"enhance","start":9041.91,"end":9042.47},{"text":"the","start":9042.47,"end":9042.55},{"text":"voice","start":9042.55,"end":9042.91},{"text":"and","start":9042.91,"end":9043.03},{"text":"representation","start":9043.03,"end":9043.55},{"text":"of","start":9043.55,"end":9043.63},{"text":"developing","start":9043.63,"end":9043.99},{"text":"countries","start":9043.99,"end":9044.39},{"text":"in","start":9044.39,"end":9044.79},{"text":"international","start":9044.79,"end":9045.43},{"text":"financial","start":9045.43,"end":9046.15},{"text":"institutions","start":9046.15,"end":9046.83},{"text":"and","start":9046.83,"end":9046.95},{"text":"to","start":9046.95,"end":9047.03},{"text":"facilitate","start":9047.03,"end":9047.43},{"text":"their","start":9047.43,"end":9047.59},{"text":"access","start":9047.59,"end":9048.07},{"text":"to","start":9048.07,"end":9048.23},{"text":"adequate","start":9048.23,"end":9048.51},{"text":"resources.","start":9048.51,"end":9049.03}]},{"text":"The mobilization of domestic resources is also essential.","start":9049.99,"end":9053.35,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"The","start":9049.99,"end":9050.11},{"text":"mobilization","start":9050.11,"end":9050.95},{"text":"of","start":9050.95,"end":9051.35},{"text":"domestic","start":9051.35,"end":9051.79},{"text":"resources","start":9051.79,"end":9052.23},{"text":"is","start":9052.23,"end":9052.47},{"text":"also","start":9052.47,"end":9052.83},{"text":"essential.","start":9052.83,"end":9053.35}]},{"text":"We therefore call for the enhancement of national capacities, international tax cooperation, and the fight against illicit financial flows through inclusive cooperation under the aegis of the United Nations.","start":9054.87,"end":9068.15,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"We","start":9054.87,"end":9055.03},{"text":"therefore","start":9055.03,"end":9055.35},{"text":"call","start":9055.35,"end":9055.75},{"text":"for","start":9055.75,"end":9056.47},{"text":"the","start":9056.47,"end":9056.55},{"text":"enhancement","start":9056.55,"end":9056.95},{"text":"of","start":9056.95,"end":9057.03},{"text":"national","start":9057.03,"end":9057.31},{"text":"capacities,","start":9057.31,"end":9057.99},{"text":"international","start":9059.27,"end":9059.75},{"text":"tax","start":9059.75,"end":9059.99},{"text":"cooperation,","start":9059.99,"end":9060.79},{"text":"and","start":9061.19,"end":9061.67},{"text":"the","start":9062.07,"end":9062.15},{"text":"fight","start":9062.15,"end":9062.47},{"text":"against","start":9062.47,"end":9063.19},{"text":"illicit","start":9063.51,"end":9063.83},{"text":"financial","start":9063.83,"end":9064.23},{"text":"flows","start":9064.23,"end":9064.87},{"text":"through","start":9065.11,"end":9065.59},{"text":"inclusive","start":9065.59,"end":9065.95},{"text":"cooperation","start":9065.95,"end":9066.55},{"text":"under","start":9066.55,"end":9066.91},{"text":"the","start":9066.91,"end":9066.99},{"text":"aegis","start":9066.99,"end":9067.19},{"text":"of","start":9067.19,"end":9067.27},{"text":"the","start":9067.27,"end":9067.35},{"text":"United","start":9067.35,"end":9067.63},{"text":"Nations.","start":9067.63,"end":9068.15}]},{"text":"Fifthly, financing must accelerate structural change and enhance resilience.","start":9068.79,"end":9074.87,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Fifthly,","start":9068.79,"end":9069.27},{"text":"financing","start":9070.55,"end":9070.99},{"text":"must","start":9070.99,"end":9071.15},{"text":"accelerate","start":9071.15,"end":9071.99},{"text":"structural","start":9072.15,"end":9072.63},{"text":"change","start":9072.63,"end":9073.19},{"text":"and","start":9073.27,"end":9073.67},{"text":"enhance","start":9073.67,"end":9074.15},{"text":"resilience.","start":9074.15,"end":9074.87}]},{"text":"Lastly, Mr. Chair, it is time to make financing for development into a real lever for eradicating poverty, structural change, and resilience.","start":9076.55,"end":9087.71,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and 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Chair.","start":9101.23,"end":9101.95,"topics":[],"words":[{"text":"Thank","start":9101.23,"end":9101.39},{"text":"you,","start":9101.39,"end":9101.47},{"text":"Chair.","start":9101.47,"end":9101.95}]},{"text":"Chair, as a small, open economy, Belize is exposed to climate-related disasters, volatile food and fuel prices, shifts in trade and market access, and elevated financing costs.","start":9102.75,"end":9114.59,"topics":[],"words":[{"text":"Chair,","start":9102.75,"end":9103.23},{"text":"as","start":9103.23,"end":9103.43},{"text":"a","start":9103.43,"end":9103.47},{"text":"small,","start":9103.47,"end":9104.03},{"text":"open","start":9104.35,"end":9104.63},{"text":"economy,","start":9104.63,"end":9105.23},{"text":"Belize","start":9105.39,"end":9105.71},{"text":"is","start":9105.71,"end":9105.79},{"text":"exposed","start":9105.79,"end":9106.27},{"text":"to","start":9106.27,"end":9106.35},{"text":"climate-related","start":9106.35,"end":9107.27},{"text":"disasters,","start":9107.27,"end":9108.03},{"text":"volatile","start":9108.31,"end":9108.75},{"text":"food","start":9108.75,"end":9109.19},{"text":"and","start":9109.19,"end":9109.35},{"text":"fuel","start":9109.35,"end":9109.55},{"text":"prices,","start":9109.55,"end":9110.19},{"text":"shifts","start":9110.51,"end":9110.99},{"text":"in","start":9110.99,"end":9111.15},{"text":"trade","start":9111.15,"end":9111.47},{"text":"and","start":9111.47,"end":9111.59},{"text":"market","start":9111.59,"end":9111.95},{"text":"access,","start":9111.95,"end":9112.51},{"text":"and","start":9112.87,"end":9113.11},{"text":"elevated","start":9113.11,"end":9113.55},{"text":"financing","start":9113.55,"end":9114.03},{"text":"costs.","start":9114.03,"end":9114.59}]},{"text":"These shocks reinforce one another, eroding fiscal space and reversing development gains.","start":9115.51,"end":9120.15,"topics":[],"words":[{"text":"These","start":9115.51,"end":9115.59},{"text":"shocks","start":9115.59,"end":9115.91},{"text":"reinforce","start":9115.91,"end":9116.35},{"text":"one","start":9116.35,"end":9116.51},{"text":"another,","start":9116.51,"end":9117.03},{"text":"eroding","start":9117.03,"end":9117.47},{"text":"fiscal","start":9117.47,"end":9117.83},{"text":"space","start":9117.83,"end":9118.39},{"text":"and","start":9118.43,"end":9118.59},{"text":"reversing","start":9118.59,"end":9119.11},{"text":"development","start":9119.11,"end":9119.67},{"text":"gains.","start":9119.67,"end":9120.15}]},{"text":"Our deliberations in this committee must be geared towards helping countries address these pressures while investing in their people.","start":9121.11,"end":9127.19,"topics":[],"words":[{"text":"Our","start":9121.11,"end":9121.27},{"text":"deliberations","start":9121.27,"end":9121.95},{"text":"in","start":9121.95,"end":9122.03},{"text":"this","start":9122.03,"end":9122.23},{"text":"committee","start":9122.23,"end":9122.63},{"text":"must","start":9122.63,"end":9122.99},{"text":"be","start":9122.99,"end":9123.11},{"text":"geared","start":9123.11,"end":9123.35},{"text":"towards","start":9123.35,"end":9123.67},{"text":"helping","start":9123.67,"end":9123.99},{"text":"countries","start":9123.99,"end":9124.51},{"text":"address","start":9124.51,"end":9124.79},{"text":"these","start":9124.79,"end":9124.95},{"text":"pressures","start":9124.95,"end":9125.51},{"text":"while","start":9125.63,"end":9125.99},{"text":"investing","start":9125.99,"end":9126.47},{"text":"in","start":9126.47,"end":9126.55},{"text":"their","start":9126.55,"end":9126.71},{"text":"people.","start":9126.71,"end":9127.19}]},{"text":"In this respect, Belize emphasizes three priorities.","start":9128.39,"end":9131.51,"topics":[],"words":[{"text":"In","start":9128.39,"end":9128.47},{"text":"this","start":9128.47,"end":9128.71},{"text":"respect,","start":9128.71,"end":9129.15},{"text":"Belize","start":9129.43,"end":9129.83},{"text":"emphasizes","start":9129.83,"end":9130.51},{"text":"three","start":9130.51,"end":9130.71},{"text":"priorities.","start":9130.71,"end":9131.51}]},{"text":"First, international financial reform must respond to the needs of small and vulnerable economies.","start":9131.83,"end":9137.83,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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agenda item 15c on external debt sustainability and development Mr. Chair, since the adoption of the Ceville commitment, significant progress has been made in advancing key initiatives, including the launch of the Borrowers Platform and the establishment of working group on the guiding principles on responsible sovereign borrowing and lending.","start":9276.35,"end":9308.95,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"The","start":9309.43,"end":9309.51},{"text":"further","start":9309.51,"end":9309.99},{"text":"efforts","start":9309.99,"end":9310.39},{"text":"are","start":9310.39,"end":9310.47},{"text":"needed","start":9310.47,"end":9310.83},{"text":"to","start":9310.83,"end":9310.95},{"text":"translate","start":9310.95,"end":9311.59},{"text":"these","start":9311.59,"end":9311.75},{"text":"initiatives","start":9311.75,"end":9312.47},{"text":"into","start":9312.63,"end":9313.03},{"text":"concrete","start":9313.03,"end":9313.75},{"text":"outcomes","start":9313.75,"end":9314.27},{"text":"ahead","start":9314.27,"end":9314.63},{"text":"of","start":9314.63,"end":9314.71},{"text":"financing","start":9314.71,"end":9315.27},{"text":"for","start":9315.27,"end":9315.51},{"text":"development","start":9315.51,"end":9316.11},{"text":"follow-up","start":9316.39,"end":9316.87},{"text":"forum","start":9316.87,"end":9317.27},{"text":"in","start":9317.27,"end":9317.35},{"text":"2027.","start":9317.35,"end":9318.79}]},{"text":"In this regard, the second committee should continue to prioritize the external debt sustainability agenda at the core of the follow-up to the Sibilia outcomes.","start":9319.47,"end":9328.67,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Mr.","start":9360.11,"end":9360.35},{"text":"Chair,","start":9360.35,"end":9360.67},{"text":"Mongolia","start":9361.07,"end":9361.59},{"text":"can","start":9361.59,"end":9361.83},{"text":"share","start":9361.83,"end":9362.11},{"text":"its","start":9362.11,"end":9362.27},{"text":"experience","start":9362.27,"end":9362.91},{"text":"in","start":9362.91,"end":9363.03},{"text":"maintaining","start":9363.03,"end":9363.55},{"text":"debt","start":9363.55,"end":9363.79},{"text":"sustainability","start":9363.79,"end":9364.83},{"text":"and","start":9365.07,"end":9365.27},{"text":"strengthening","start":9365.27,"end":9365.95},{"text":"fiscal","start":9365.95,"end":9366.43},{"text":"resilience.","start":9366.43,"end":9367.15}]},{"text":"Over the past decade, Mongolia reduced its general government debt to GDP ratio 93% to 40%.","start":9367.47,"end":9375.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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respectively.","start":9446.87,"end":9453.99,"topics":[],"words":[{"text":"South","start":9446.87,"end":9447.11},{"text":"Africa","start":9447.11,"end":9447.47},{"text":"aligns","start":9447.47,"end":9448.15},{"text":"itself","start":9448.15,"end":9448.55},{"text":"with","start":9448.55,"end":9448.67},{"text":"the","start":9448.67,"end":9448.79},{"text":"statements","start":9448.79,"end":9449.35},{"text":"delivered","start":9449.39,"end":9449.79},{"text":"by","start":9449.79,"end":9449.91},{"text":"the","start":9449.91,"end":9450.03},{"text":"African","start":9450.03,"end":9450.47},{"text":"Group","start":9450.47,"end":9450.71},{"text":"and","start":9451.19,"end":9451.39},{"text":"the","start":9451.39,"end":9451.51},{"text":"G77","start":9451.51,"end":9452.47},{"text":"and","start":9452.51,"end":9452.71},{"text":"China,","start":9452.71,"end":9453.11},{"text":"respectively.","start":9453.11,"end":9453.99}]},{"text":"We wish to make the following three points in our national 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South Africa positively, I think this idea is worth considering.","start":9593.23,"end":9597.95,"topics":[],"words":[{"text":"Therefore,","start":9593.23,"end":9593.71},{"text":"South","start":9593.71,"end":9593.95},{"text":"Africa","start":9593.95,"end":9594.27},{"text":"positively,","start":9594.27,"end":9595.07},{"text":"I","start":9595.71,"end":9595.75},{"text":"think","start":9595.75,"end":9596.03},{"text":"this","start":9596.03,"end":9596.19},{"text":"idea","start":9596.19,"end":9596.75},{"text":"is","start":9596.75,"end":9596.99},{"text":"worth","start":9596.99,"end":9597.23},{"text":"considering.","start":9597.23,"end":9597.95}]},{"text":"I thank you, Chair.","start":9598.19,"end":9598.91,"topics":[],"words":[{"text":"I","start":9598.19,"end":9598.35},{"text":"thank","start":9598.35,"end":9598.59},{"text":"you,","start":9598.59,"end":9598.67},{"text":"Chair.","start":9598.67,"end":9598.91}]}]}],"speaker":{"affiliation":"ZAF","group":null,"function":null,"affiliation_full":"South Africa"}},{"statement_number":71,"start":9600.67,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:40:01","paragraphs":[{"sentences":[{"text":"I thank the representative of South Africa.","start":9600.67,"end":9602.59,"topics":[],"words":[{"text":"I","start":9600.67,"end":9600.91},{"text":"thank","start":9600.91,"end":9601.15},{"text":"the","start":9601.15,"end":9601.23},{"text":"representative","start":9601.23,"end":9601.83},{"text":"of","start":9601.83,"end":9601.91},{"text":"South","start":9601.91,"end":9602.11},{"text":"Africa.","start":9602.11,"end":9602.59}]},{"text":"I now give the floor to the distinguished representative of 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China.","start":9621.27,"end":9626.15,"topics":[],"words":[{"text":"Brazil","start":9621.27,"end":9621.59},{"text":"aligns","start":9621.59,"end":9621.95},{"text":"itself","start":9621.95,"end":9622.43},{"text":"with","start":9622.43,"end":9622.63},{"text":"the","start":9622.63,"end":9622.75},{"text":"statement","start":9622.75,"end":9623.19},{"text":"delivered","start":9623.19,"end":9623.59},{"text":"by","start":9623.59,"end":9623.75},{"text":"Uruguay","start":9623.75,"end":9624.11},{"text":"on","start":9624.15,"end":9624.27},{"text":"behalf","start":9624.27,"end":9624.67},{"text":"of","start":9624.67,"end":9624.75},{"text":"G77","start":9624.75,"end":9625.47},{"text":"and","start":9625.47,"end":9625.63},{"text":"China.","start":9625.63,"end":9626.15}]},{"text":"The issues in the agenda today are deeply interconnected.","start":9627.39,"end":9630.75,"topics":[],"words":[{"text":"The","start":9627.39,"end":9627.59},{"text":"issues","start":9627.59,"end":9628.03},{"text":"in","start":9628.03,"end":9628.15},{"text":"the","start":9628.15,"end":9628.23},{"text":"agenda","start":9628.23,"end":9628.67},{"text":"today","start":9628.67,"end":9629.15},{"text":"are","start":9629.15,"end":9629.23},{"text":"deeply","start":9629.23,"end":9629.83},{"text":"interconnected.","start":9629.83,"end":9630.75}]},{"text":"The reports on these items illustrate a challenging macroeconomic environment marked by slower global growth, persistent debt vulnerabilities, constrained fiscal space, rising trade tensions, and continued financing gaps across much of the developing world.","start":9630.91,"end":9647.39,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and 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dynamics risk exacerbating inequalities both within and between countries.","start":9647.87,"end":9652.67,"topics":[],"words":[{"text":"These","start":9647.87,"end":9648.07},{"text":"dynamics","start":9648.07,"end":9648.83},{"text":"risk","start":9648.83,"end":9649.23},{"text":"exacerbating","start":9649.23,"end":9649.95},{"text":"inequalities","start":9649.95,"end":9650.71},{"text":"both","start":9650.71,"end":9650.99},{"text":"within","start":9650.99,"end":9651.39},{"text":"and","start":9651.39,"end":9651.51},{"text":"between","start":9651.55,"end":9651.95},{"text":"countries.","start":9651.95,"end":9652.67}]},{"text":"In the severe commitment, we recognize that reducing inequality is essential for achieving sustainable development and committed to advancing concrete actions across all financing and policy 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priority now must be implementation.","start":9664.51,"end":9666.67,"topics":[],"words":[{"text":"The","start":9664.51,"end":9664.55},{"text":"priority","start":9664.59,"end":9665.15},{"text":"now","start":9665.15,"end":9665.39},{"text":"must","start":9665.39,"end":9665.63},{"text":"be","start":9665.63,"end":9665.75},{"text":"implementation.","start":9665.75,"end":9666.67}]},{"text":"Effective macroeconomic policy making requires reliable data, sound diagnostics, and evidence-based recommendations capable of identifying the structural drivers of inequality and assessing the distributive impacts of policy 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support this effort, Brazil, together with Norway, South Africa, and Spain, is proposing to establish the International Panel on Inequality.","start":9684.71,"end":9691.99,"topics":[],"words":[{"text":"To","start":9684.71,"end":9684.79},{"text":"support","start":9684.79,"end":9685.19},{"text":"this","start":9685.19,"end":9685.35},{"text":"effort,","start":9685.35,"end":9685.75},{"text":"Brazil,","start":9685.75,"end":9686.23},{"text":"together","start":9686.23,"end":9686.59},{"text":"with","start":9686.59,"end":9686.71},{"text":"Norway,","start":9686.71,"end":9687.03},{"text":"South","start":9687.03,"end":9687.31},{"text":"Africa,","start":9687.31,"end":9687.55},{"text":"and","start":9687.55,"end":9687.67},{"text":"Spain,","start":9687.67,"end":9688.15},{"text":"is","start":9688.31,"end":9688.47},{"text":"proposing","start":9688.47,"end":9688.99},{"text":"to","start":9688.99,"end":9689.15},{"text":"establish","start":9689.15,"end":9689.75},{"text":"the","start":9689.91,"end":9690.03},{"text":"International","start":9690.03,"end":9690.71},{"text":"Panel","start":9690.71,"end":9691.03},{"text":"on","start":9691.03,"end":9691.27},{"text":"Inequality.","start":9691.27,"end":9691.99}]},{"text":"By proposing neutral, science-based, and objective analysis, the panel would help strengthen national and international policymaking aimed at promoting more inclusive, sustainable economic 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invite all member states to join this initiative.","start":9703.11,"end":9705.95,"topics":[],"words":[{"text":"We","start":9703.11,"end":9703.23},{"text":"invite","start":9703.23,"end":9703.71},{"text":"all","start":9703.71,"end":9703.83},{"text":"member","start":9703.83,"end":9704.11},{"text":"states","start":9704.11,"end":9704.63},{"text":"to","start":9704.63,"end":9704.79},{"text":"join","start":9704.79,"end":9705.19},{"text":"this","start":9705.19,"end":9705.39},{"text":"initiative.","start":9705.39,"end":9705.95}]},{"text":"At the same time, discussions on macroeconomic policy cannot ignore the persistent financing for development gap.","start":9707.43,"end":9713.91,"topics":[],"words":[{"text":"At","start":9707.43,"end":9707.55},{"text":"the","start":9707.55,"end":9707.63},{"text":"same","start":9707.67,"end":9707.91},{"text":"time,","start":9707.91,"end":9708.23},{"text":"discussions","start":9708.23,"end":9708.95},{"text":"on","start":9708.95,"end":9709.03},{"text":"macroeconomic","start":9709.03,"end":9709.91},{"text":"policy","start":9709.99,"end":9710.39},{"text":"cannot","start":9710.39,"end":9710.79},{"text":"ignore","start":9710.79,"end":9711.27},{"text":"the","start":9711.59,"end":9711.75},{"text":"persistent","start":9711.75,"end":9712.35},{"text":"financing","start":9712.35,"end":9712.87},{"text":"for","start":9712.87,"end":9713.03},{"text":"development","start":9713.03,"end":9713.59},{"text":"gap.","start":9713.59,"end":9713.91}]},{"text":"Amid rising debt service burdens and declining ODA, developing countries are increasingly encouraged to mobilize domestic resources to finance their development priorities.","start":9714.43,"end":9724.03,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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They also linked this issue to more inclusive international tax cooperation and stronger domestic resource 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therefore encourage all delegations to engage constructively and ambitiously in these negotiations so that outcomes deliver meaningful progress towards more inclusive, sustainable and equitable international financial system.","start":9763.19,"end":9775.67,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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use of discriminatory lists restricts access to financial services and to investment.","start":9882.55,"end":9886.87,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Chair, Panama is promoting private investment and public-private partnerships in tourism, construction and logistics to create employment and to increase development opportunities.","start":9906.55,"end":9920.07,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"improve","start":9932.11,"end":9932.75},{"text":"food","start":9932.75,"end":9933.15},{"text":"security","start":9933.15,"end":9934.19},{"text":"and","start":9934.27,"end":9934.75},{"text":"increase","start":9934.91,"end":9935.35},{"text":"opportunities","start":9935.35,"end":9935.95},{"text":"throughout","start":9935.95,"end":9936.19},{"text":"the","start":9936.19,"end":9936.31},{"text":"country.","start":9936.31,"end":9936.83}]},{"text":"National efforts must be backed up by international decisions that recognize the various situations, capacities and priorities of each country.","start":9937.63,"end":9947.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and 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you very much.","start":9948.35,"end":9948.99,"topics":[],"words":[{"text":"Thank","start":9948.35,"end":9948.51},{"text":"you","start":9948.51,"end":9948.59},{"text":"very","start":9948.59,"end":9948.75},{"text":"much.","start":9948.75,"end":9948.99}]}]}],"speaker":{"affiliation":"PAN","group":null,"function":"Permanent Representative","affiliation_full":"Panama"}},{"statement_number":75,"start":9951.39,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:45:52","paragraphs":[{"sentences":[{"text":"I thank the permanent representative of Panama.","start":9951.39,"end":9953.63,"topics":[],"words":[{"text":"I","start":9951.39,"end":9951.55},{"text":"thank","start":9951.63,"end":9951.83},{"text":"the","start":9951.83,"end":9951.91},{"text":"permanent","start":9951.91,"end":9952.27},{"text":"representative","start":9952.27,"end":9952.91},{"text":"of","start":9952.91,"end":9953.15},{"text":"Panama.","start":9953.15,"end":9953.63}]},{"text":"I now give the floor to the distinguished representative of Thailand.","start":9954.35,"end":9957.79,"topics":[],"words":[{"text":"I","start":9954.35,"end":9954.51},{"text":"now","start":9954.51,"end":9954.71},{"text":"give","start":9954.71,"end":9954.87},{"text":"the","start":9954.87,"end":9954.99},{"text":"floor","start":9954.99,"end":9955.31},{"text":"to","start":9955.31,"end":9955.43},{"text":"the","start":9955.43,"end":9955.51},{"text":"distinguished","start":9955.51,"end":9956.03},{"text":"representative","start":9956.03,"end":9956.83},{"text":"of","start":9956.83,"end":9957.23},{"text":"Thailand.","start":9957.23,"end":9957.79}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":76,"start":9965.67,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:46:06","paragraphs":[{"sentences":[{"text":"Chair, Thailand aligns itself with the statement made on behalf of the G7, Japan, China, and ASEAN.","start":9965.67,"end":9971.31,"topics":[],"words":[{"text":"Chair,","start":9965.67,"end":9966.11},{"text":"Thailand","start":9966.51,"end":9966.95},{"text":"aligns","start":9966.95,"end":9967.19},{"text":"itself","start":9967.19,"end":9967.47},{"text":"with","start":9967.47,"end":9967.63},{"text":"the","start":9967.63,"end":9967.71},{"text":"statement","start":9967.71,"end":9968.19},{"text":"made","start":9968.19,"end":9968.43},{"text":"on","start":9968.43,"end":9968.59},{"text":"behalf","start":9968.59,"end":9968.79},{"text":"of","start":9968.79,"end":9968.99},{"text":"the","start":9968.99,"end":9969.07},{"text":"G7,","start":9969.07,"end":9969.55},{"text":"Japan,","start":9969.55,"end":9969.87},{"text":"China,","start":9969.87,"end":9970.43},{"text":"and","start":9970.59,"end":9970.87},{"text":"ASEAN.","start":9970.87,"end":9971.31}]},{"text":"Developing countries continue to face a growing financial squeeze amid economic fragmentation and recurrent shocks, limiting investment in sustainable development.","start":9971.71,"end":9979.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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four years remaining until 2030, we must accelerate implementation of the Seville commitment and translate international economic cooperation into concrete results.","start":9980.43,"end":9988.91,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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we need an open, inclusive, and development-oriented international trading system.","start":9989.71,"end":9995.27,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"First,","start":9989.71,"end":9989.99},{"text":"we","start":9989.99,"end":9990.15},{"text":"need","start":9990.15,"end":9990.39},{"text":"an","start":9990.39,"end":9990.55},{"text":"open,","start":9990.55,"end":9990.95},{"text":"inclusive,","start":9990.95,"end":9991.51},{"text":"and","start":9991.51,"end":9991.63},{"text":"development-oriented","start":9991.63,"end":9993.43},{"text":"international","start":9993.67,"end":9994.39},{"text":"trading","start":9994.39,"end":9994.71},{"text":"system.","start":9994.71,"end":9995.27}]},{"text":"Thailand remains a strong supporter of a rule-based, multilateral trading system with the WTO at its core.","start":9995.43,"end":10000.95,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Thailand","start":9995.43,"end":9995.79},{"text":"remains","start":9995.79,"end":9996.15},{"text":"a","start":9996.15,"end":9996.19},{"text":"strong","start":9996.19,"end":9996.63},{"text":"supporter","start":9996.71,"end":9997.31},{"text":"of","start":9997.31,"end":9997.43},{"text":"a","start":9997.43,"end":9997.47},{"text":"rule-based,","start":9997.47,"end":9998.07},{"text":"multilateral","start":9998.07,"end":9998.63},{"text":"trading","start":9998.63,"end":9998.95},{"text":"system","start":9998.95,"end":9999.51},{"text":"with","start":9999.51,"end":9999.63},{"text":"the","start":9999.63,"end":9999.75},{"text":"WTO","start":9999.75,"end":10000.27},{"text":"at","start":10000.27,"end":10000.39},{"text":"its","start":10000.39,"end":10000.55},{"text":"core.","start":10000.55,"end":10000.95}]},{"text":"We support advancing the WTO reform to better serve all our economies.","start":10001.91,"end":10005.59,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. 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Chair.","start":10141.51,"end":10143.19,"topics":[],"words":[{"text":"Thank","start":10141.51,"end":10141.75},{"text":"you","start":10141.75,"end":10141.87},{"text":"very","start":10141.87,"end":10142.15},{"text":"much,","start":10142.15,"end":10142.63},{"text":"Chair.","start":10142.95,"end":10143.19}]},{"text":"We are grateful for the opportunity to consider how international financing commitments can better meet the needs of developing countries.","start":10143.75,"end":10151.67,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Nicaragua, macroeconomic policy needs to be in the service of peoples.","start":10151.99,"end":10157.19,"topics":[],"words":[{"text":"For","start":10151.99,"end":10152.15},{"text":"Nicaragua,","start":10152.15,"end":10152.87},{"text":"macroeconomic","start":10153.43,"end":10154.27},{"text":"policy","start":10154.27,"end":10154.87},{"text":"needs","start":10154.87,"end":10155.19},{"text":"to","start":10155.19,"end":10155.31},{"text":"be","start":10155.31,"end":10155.47},{"text":"in","start":10155.47,"end":10155.63},{"text":"the","start":10155.63,"end":10155.71},{"text":"service","start":10155.71,"end":10156.23},{"text":"of","start":10156.23,"end":10156.55},{"text":"peoples.","start":10156.55,"end":10157.19}]},{"text":"Economic stability should allow for greater investments in health, education, production, and infrastructure, and contribute to poverty reduction.","start":10157.59,"end":10165.99,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural 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Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Economic","start":10157.59,"end":10158.15},{"text":"stability","start":10158.15,"end":10158.87},{"text":"should","start":10158.87,"end":10159.15},{"text":"allow","start":10159.15,"end":10159.43},{"text":"for","start":10159.43,"end":10159.67},{"text":"greater","start":10159.67,"end":10159.99},{"text":"investments","start":10159.99,"end":10160.63},{"text":"in","start":10160.63,"end":10160.79},{"text":"health,","start":10160.79,"end":10161.19},{"text":"education,","start":10161.35,"end":10162.07},{"text":"production,","start":10162.07,"end":10162.63},{"text":"and","start":10162.63,"end":10162.79},{"text":"infrastructure,","start":10162.79,"end":10163.51},{"text":"and","start":10163.83,"end":10164.15},{"text":"contribute","start":10164.15,"end":10164.75},{"text":"to","start":10164.75,"end":10164.87},{"text":"poverty","start":10164.87,"end":10165.35},{"text":"reduction.","start":10165.35,"end":10165.99}]},{"text":"Developing countries are making efforts to mobilize national resources and support their development priorities.","start":10167.03,"end":10173.75,"topics":[],"words":[{"text":"Developing","start":10167.03,"end":10167.59},{"text":"countries","start":10167.59,"end":10168.31},{"text":"are","start":10168.31,"end":10168.47},{"text":"making","start":10168.47,"end":10169.03},{"text":"efforts","start":10169.03,"end":10169.47},{"text":"to","start":10169.47,"end":10169.59},{"text":"mobilize","start":10169.59,"end":10170.15},{"text":"national","start":10170.15,"end":10170.63},{"text":"resources","start":10170.63,"end":10171.35},{"text":"and","start":10171.59,"end":10171.87},{"text":"support","start":10171.87,"end":10172.23},{"text":"their","start":10172.23,"end":10172.47},{"text":"development","start":10172.47,"end":10173.03},{"text":"priorities.","start":10173.03,"end":10173.75}]},{"text":"However, the high cost of financing, debt burdens, and the difficulties in accessing external resources are reducing our margin for investing in the needs of our families.","start":10173.75,"end":10184.71,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"However,","start":10173.75,"end":10174.31},{"text":"the","start":10174.55,"end":10174.71},{"text":"high","start":10174.71,"end":10174.87},{"text":"cost","start":10174.87,"end":10175.31},{"text":"of","start":10175.31,"end":10175.43},{"text":"financing,","start":10175.43,"end":10176.31},{"text":"debt","start":10176.55,"end":10176.87},{"text":"burdens,","start":10176.87,"end":10177.43},{"text":"and","start":10177.43,"end":10177.79},{"text":"the","start":10177.79,"end":10177.87},{"text":"difficulties","start":10177.87,"end":10178.55},{"text":"in","start":10178.55,"end":10178.71},{"text":"accessing","start":10178.71,"end":10179.27},{"text":"external","start":10179.27,"end":10179.83},{"text":"resources","start":10179.83,"end":10180.47},{"text":"are","start":10180.71,"end":10180.99},{"text":"reducing","start":10180.99,"end":10181.51},{"text":"our","start":10181.59,"end":10181.83},{"text":"margin","start":10181.99,"end":10182.63},{"text":"for","start":10182.63,"end":10182.75},{"text":"investing","start":10182.75,"end":10183.31},{"text":"in","start":10183.31,"end":10183.43},{"text":"the","start":10183.43,"end":10183.51},{"text":"needs","start":10183.51,"end":10183.79},{"text":"of","start":10183.79,"end":10183.91},{"text":"our","start":10183.91,"end":10184.07},{"text":"families.","start":10184.07,"end":10184.71}]},{"text":"follow-up to the international conferences on financing for development should take the form of concrete actions, greater access to financing on favorable conditions, just and sustainable solutions to debt, and an international financial architecture that responds to the needs of developing countries.","start":10186.11,"end":10204.03,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"follow-up","start":10186.11,"end":10186.43},{"text":"to","start":10186.43,"end":10186.67},{"text":"the","start":10186.67,"end":10186.79},{"text":"international","start":10186.79,"end":10187.39},{"text":"conferences","start":10187.39,"end":10188.03},{"text":"on","start":10188.03,"end":10188.19},{"text":"financing","start":10188.19,"end":10188.75},{"text":"for","start":10188.75,"end":10188.95},{"text":"development","start":10188.95,"end":10189.71},{"text":"should","start":10189.87,"end":10190.27},{"text":"take","start":10190.27,"end":10190.63},{"text":"the","start":10190.63,"end":10190.71},{"text":"form","start":10190.71,"end":10190.99},{"text":"of","start":10190.99,"end":10191.07},{"text":"concrete","start":10191.07,"end":10191.71},{"text":"actions,","start":10191.71,"end":10192.27},{"text":"greater","start":10192.55,"end":10192.95},{"text":"access","start":10192.95,"end":10193.39},{"text":"to","start":10193.39,"end":10193.63},{"text":"financing","start":10193.63,"end":10194.27},{"text":"on","start":10194.27,"end":10194.51},{"text":"favorable","start":10194.51,"end":10195.07},{"text":"conditions,","start":10195.07,"end":10195.79},{"text":"just","start":10196.11,"end":10196.59},{"text":"and","start":10196.59,"end":10196.75},{"text":"sustainable","start":10196.75,"end":10197.39},{"text":"solutions","start":10197.39,"end":10198.03},{"text":"to","start":10198.03,"end":10198.23},{"text":"debt,","start":10198.23,"end":10198.67},{"text":"and","start":10198.91,"end":10199.39},{"text":"an","start":10199.47,"end":10199.63},{"text":"international","start":10199.63,"end":10200.19},{"text":"financial","start":10200.19,"end":10200.59},{"text":"architecture","start":10200.59,"end":10201.39},{"text":"that","start":10201.39,"end":10201.71},{"text":"responds","start":10201.71,"end":10202.19},{"text":"to","start":10202.19,"end":10202.31},{"text":"the","start":10202.31,"end":10202.39},{"text":"needs","start":10202.39,"end":10202.75},{"text":"of","start":10202.75,"end":10202.91},{"text":"developing","start":10202.91,"end":10203.39},{"text":"countries.","start":10203.39,"end":10204.03}]},{"text":"We reiterate the importance of strengthening international public finance and of keeping official development assistance commitments.","start":10204.35,"end":10215.07,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"We","start":10204.35,"end":10204.59},{"text":"reiterate","start":10204.59,"end":10205.11},{"text":"the","start":10205.11,"end":10205.19},{"text":"importance","start":10205.19,"end":10205.83},{"text":"of","start":10205.83,"end":10205.95},{"text":"strengthening","start":10205.95,"end":10206.67},{"text":"international","start":10206.67,"end":10207.31},{"text":"public","start":10207.31,"end":10207.71},{"text":"finance","start":10207.71,"end":10208.43},{"text":"and","start":10209.15,"end":10209.63},{"text":"of","start":10210.79,"end":10210.99},{"text":"keeping","start":10212.03,"end":10212.67},{"text":"official","start":10212.95,"end":10213.31},{"text":"development","start":10213.31,"end":10213.79},{"text":"assistance","start":10213.79,"end":10214.35},{"text":"commitments.","start":10214.35,"end":10215.07}]},{"text":"Cooperation needs to be predictable, sufficient and respect the priorities determined by each country.","start":10215.75,"end":10222.19,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Cooperation","start":10215.75,"end":10216.47},{"text":"needs","start":10216.47,"end":10216.67},{"text":"to","start":10216.67,"end":10216.79},{"text":"be","start":10216.79,"end":10216.91},{"text":"predictable,","start":10216.91,"end":10217.55},{"text":"sufficient","start":10217.55,"end":10218.19},{"text":"and","start":10218.19,"end":10218.67},{"text":"respect","start":10218.91,"end":10219.55},{"text":"the","start":10219.55,"end":10219.75},{"text":"priorities","start":10219.79,"end":10220.59},{"text":"determined","start":10220.71,"end":10221.23},{"text":"by","start":10221.23,"end":10221.47},{"text":"each","start":10221.47,"end":10221.63},{"text":"country.","start":10221.63,"end":10222.19}]},{"text":"It is necessary to advocate for an international financial system in which developing countries have a greater voice and participation.","start":10222.51,"end":10229.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"It","start":10222.51,"end":10222.71},{"text":"is","start":10222.71,"end":10222.83},{"text":"necessary","start":10222.83,"end":10223.31},{"text":"to","start":10223.31,"end":10223.63},{"text":"advocate","start":10223.63,"end":10224.11},{"text":"for","start":10224.11,"end":10224.47},{"text":"an","start":10224.47,"end":10224.59},{"text":"international","start":10224.59,"end":10225.11},{"text":"financial","start":10225.11,"end":10225.55},{"text":"system","start":10225.55,"end":10226.03},{"text":"in","start":10226.27,"end":10226.43},{"text":"which","start":10226.43,"end":10226.75},{"text":"developing","start":10226.75,"end":10227.31},{"text":"countries","start":10227.31,"end":10227.71},{"text":"have","start":10227.71,"end":10227.83},{"text":"a","start":10227.83,"end":10227.87},{"text":"greater","start":10227.87,"end":10228.19},{"text":"voice","start":10228.19,"end":10228.59},{"text":"and","start":10228.67,"end":10228.99},{"text":"participation.","start":10228.99,"end":10229.95}]},{"text":"Decisions impacting the future of peoples should take their realities into account and respect the sovereign right of each people to determine their own development path.","start":10230.19,"end":10239.87,"topics":[],"words":[{"text":"Decisions","start":10230.19,"end":10230.83},{"text":"impacting","start":10230.83,"end":10231.55},{"text":"the","start":10231.55,"end":10231.67},{"text":"future","start":10231.67,"end":10232.07},{"text":"of","start":10232.07,"end":10232.19},{"text":"peoples","start":10232.19,"end":10232.83},{"text":"should","start":10232.83,"end":10233.11},{"text":"take","start":10233.11,"end":10233.63},{"text":"their","start":10233.79,"end":10234.15},{"text":"realities","start":10234.15,"end":10234.75},{"text":"into","start":10234.75,"end":10235.03},{"text":"account","start":10235.03,"end":10235.55},{"text":"and","start":10235.55,"end":10235.67},{"text":"respect","start":10235.67,"end":10236.19},{"text":"the","start":10236.19,"end":10236.27},{"text":"sovereign","start":10236.27,"end":10236.67},{"text":"right","start":10236.67,"end":10236.95},{"text":"of","start":10236.95,"end":10237.07},{"text":"each","start":10237.07,"end":10237.23},{"text":"people","start":10237.23,"end":10237.71},{"text":"to","start":10237.95,"end":10238.11},{"text":"determine","start":10238.11,"end":10238.63},{"text":"their","start":10238.63,"end":10238.95},{"text":"own","start":10238.95,"end":10239.07},{"text":"development","start":10239.07,"end":10239.67},{"text":"path.","start":10239.67,"end":10239.87}]},{"text":"Nicaragua rejects unilateral coercive measures because they obstruct trade, financial transactions, international cooperation, and they directly affect the development opportunities of our peoples.","start":10240.87,"end":10255.27,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Nicaragua","start":10240.87,"end":10241.43},{"text":"rejects","start":10241.43,"end":10241.99},{"text":"unilateral","start":10241.99,"end":10242.63},{"text":"coercive","start":10242.63,"end":10243.19},{"text":"measures","start":10243.19,"end":10243.67},{"text":"because","start":10243.67,"end":10244.23},{"text":"they","start":10244.55,"end":10244.95},{"text":"obstruct","start":10245.27,"end":10246.11},{"text":"trade,","start":10246.11,"end":10246.71},{"text":"financial","start":10246.79,"end":10247.43},{"text":"transactions,","start":10247.43,"end":10248.31},{"text":"international","start":10248.55,"end":10249.27},{"text":"cooperation,","start":10249.27,"end":10250.15},{"text":"and","start":10250.39,"end":10250.71},{"text":"they","start":10250.71,"end":10250.95},{"text":"directly","start":10250.95,"end":10251.83},{"text":"affect","start":10251.83,"end":10252.39},{"text":"the","start":10252.71,"end":10252.87},{"text":"development","start":10252.95,"end":10253.55},{"text":"opportunities","start":10253.55,"end":10254.31},{"text":"of","start":10254.31,"end":10254.39},{"text":"our","start":10254.39,"end":10254.51},{"text":"peoples.","start":10254.55,"end":10255.27}]},{"text":"We will continue to be watchful to make sure that financing commitments are turned into results.","start":10255.51,"end":10261.51,"topics":[],"words":[{"text":"We","start":10255.51,"end":10255.67},{"text":"will","start":10255.67,"end":10255.83},{"text":"continue","start":10255.83,"end":10256.47},{"text":"to","start":10256.47,"end":10256.71},{"text":"be","start":10256.71,"end":10256.87},{"text":"watchful","start":10256.87,"end":10257.35},{"text":"to","start":10257.35,"end":10257.47},{"text":"make","start":10257.47,"end":10257.67},{"text":"sure","start":10257.67,"end":10257.99},{"text":"that","start":10257.99,"end":10258.23},{"text":"financing","start":10258.23,"end":10258.87},{"text":"commitments","start":10258.87,"end":10259.51},{"text":"are","start":10259.99,"end":10260.15},{"text":"turned","start":10260.15,"end":10260.51},{"text":"into","start":10260.51,"end":10260.79},{"text":"results.","start":10260.79,"end":10261.51}]},{"text":"Development requires international solidarity, respect for sovereignty, and resources that reach where they are most needed.","start":10261.79,"end":10270.15,"topics":[],"words":[{"text":"Development","start":10261.79,"end":10262.47},{"text":"requires","start":10262.47,"end":10263.11},{"text":"international","start":10263.11,"end":10263.75},{"text":"solidarity,","start":10263.75,"end":10264.63},{"text":"respect","start":10264.95,"end":10265.51},{"text":"for","start":10265.51,"end":10265.75},{"text":"sovereignty,","start":10265.75,"end":10266.55},{"text":"and","start":10266.79,"end":10267.07},{"text":"resources","start":10267.07,"end":10267.83},{"text":"that","start":10267.99,"end":10268.31},{"text":"reach","start":10268.31,"end":10268.87},{"text":"where","start":10268.87,"end":10269.03},{"text":"they","start":10269.03,"end":10269.19},{"text":"are","start":10269.19,"end":10269.27},{"text":"most","start":10269.27,"end":10269.59},{"text":"needed.","start":10269.59,"end":10270.15}]},{"text":"Thank you very.","start":10270.23,"end":10270.71,"topics":[],"words":[{"text":"Thank","start":10270.23,"end":10270.39},{"text":"you","start":10270.39,"end":10270.47},{"text":"very.","start":10270.47,"end":10270.71}]}]}],"speaker":{"affiliation":"NIC","group":null,"function":null,"affiliation_full":"Nicaragua"}},{"statement_number":79,"start":10273.03,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:51:14","paragraphs":[{"sentences":[{"text":"I thank the representative of Nicaragua.","start":10273.03,"end":10274.87,"topics":[],"words":[{"text":"I","start":10273.03,"end":10273.19},{"text":"thank","start":10273.27,"end":10273.47},{"text":"the","start":10273.47,"end":10273.55},{"text":"representative","start":10273.55,"end":10274.07},{"text":"of","start":10274.07,"end":10274.15},{"text":"Nicaragua.","start":10274.15,"end":10274.87}]},{"text":"I now give the floor to the distinguished representative of Lebanon.","start":10275.19,"end":10278.47,"topics":[],"words":[{"text":"I","start":10275.19,"end":10275.43},{"text":"now","start":10275.43,"end":10275.59},{"text":"give","start":10275.59,"end":10275.91},{"text":"the","start":10275.91,"end":10275.99},{"text":"floor","start":10275.99,"end":10276.23},{"text":"to","start":10276.23,"end":10276.31},{"text":"the","start":10276.31,"end":10276.39},{"text":"distinguished","start":10276.39,"end":10276.91},{"text":"representative","start":10276.91,"end":10277.59},{"text":"of","start":10277.59,"end":10277.83},{"text":"Lebanon.","start":10277.83,"end":10278.47}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":80,"start":10280.87,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:51:21","paragraphs":[{"sentences":[{"text":"Mr. Chair, Lebanon associated itself with the statement delivered by Uruguay on behalf of G77 and China, and Libya on behalf of the Arab Group.","start":10280.87,"end":10288.63,"topics":[],"words":[{"text":"Mr.","start":10280.87,"end":10281.19},{"text":"Chair,","start":10281.19,"end":10281.67},{"text":"Lebanon","start":10281.91,"end":10282.31},{"text":"associated","start":10282.31,"end":10282.95},{"text":"itself","start":10282.95,"end":10283.19},{"text":"with","start":10283.19,"end":10283.31},{"text":"the","start":10283.31,"end":10283.39},{"text":"statement","start":10283.39,"end":10283.83},{"text":"delivered","start":10283.83,"end":10284.23},{"text":"by","start":10284.23,"end":10284.35},{"text":"Uruguay","start":10284.35,"end":10284.87},{"text":"on","start":10284.87,"end":10285.03},{"text":"behalf","start":10285.03,"end":10285.27},{"text":"of","start":10285.27,"end":10285.35},{"text":"G77","start":10285.35,"end":10286.15},{"text":"and","start":10286.15,"end":10286.27},{"text":"China,","start":10286.27,"end":10286.71},{"text":"and","start":10287.11,"end":10287.31},{"text":"Libya","start":10287.31,"end":10287.55},{"text":"on","start":10287.55,"end":10287.63},{"text":"behalf","start":10287.63,"end":10287.87},{"text":"of","start":10287.87,"end":10287.95},{"text":"the","start":10287.95,"end":10288.03},{"text":"Arab","start":10288.03,"end":10288.27},{"text":"Group.","start":10288.27,"end":10288.63}]},{"text":"We would like to add the following remarks in our national capacity.","start":10289.19,"end":10291.91,"topics":[],"words":[{"text":"We","start":10289.19,"end":10289.31},{"text":"would","start":10289.31,"end":10289.43},{"text":"like","start":10289.43,"end":10289.63},{"text":"to","start":10289.63,"end":10289.75},{"text":"add","start":10289.75,"end":10289.91},{"text":"the","start":10289.91,"end":10289.99},{"text":"following","start":10289.99,"end":10290.39},{"text":"remarks","start":10290.39,"end":10290.71},{"text":"in","start":10290.71,"end":10290.79},{"text":"our","start":10290.79,"end":10290.95},{"text":"national","start":10290.95,"end":10291.31},{"text":"capacity.","start":10291.31,"end":10291.91}]},{"text":"We meet while we are witnessing uncertainty in the global economy.","start":10292.71,"end":10295.51,"topics":[],"words":[{"text":"We","start":10292.71,"end":10292.87},{"text":"meet","start":10292.87,"end":10293.19},{"text":"while","start":10293.19,"end":10293.39},{"text":"we","start":10293.39,"end":10293.47},{"text":"are","start":10293.47,"end":10293.59},{"text":"witnessing","start":10293.59,"end":10293.99},{"text":"uncertainty","start":10293.99,"end":10294.59},{"text":"in","start":10294.59,"end":10294.67},{"text":"the","start":10294.67,"end":10294.75},{"text":"global","start":10294.75,"end":10295.03},{"text":"economy.","start":10295.03,"end":10295.51}]},{"text":"The full, timely, and effective implementation of the Compromisso de Sevilla must remain a priority.","start":10296.15,"end":10300.47,"topics":[],"words":[{"text":"The","start":10296.15,"end":10296.19},{"text":"full,","start":10296.19,"end":10296.39},{"text":"timely,","start":10296.39,"end":10296.79},{"text":"and","start":10296.79,"end":10296.91},{"text":"effective","start":10296.91,"end":10297.23},{"text":"implementation","start":10297.23,"end":10297.87},{"text":"of","start":10297.87,"end":10297.95},{"text":"the","start":10297.95,"end":10298.07},{"text":"Compromisso","start":10298.07,"end":10298.55},{"text":"de","start":10298.55,"end":10298.67},{"text":"Sevilla","start":10298.67,"end":10299.19},{"text":"must","start":10299.19,"end":10299.51},{"text":"remain","start":10299.51,"end":10299.83},{"text":"a","start":10299.83,"end":10299.91},{"text":"priority.","start":10299.91,"end":10300.47}]},{"text":"We must translate our commitments into concrete action to close financing gaps, mobilize sustainable investment, and advance reform of the international financial architecture.","start":10301.19,"end":10309.91,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"We","start":10301.19,"end":10301.27},{"text":"must","start":10301.27,"end":10301.47},{"text":"translate","start":10301.47,"end":10301.83},{"text":"our","start":10301.83,"end":10301.91},{"text":"commitments","start":10301.91,"end":10302.55},{"text":"into","start":10302.55,"end":10302.71},{"text":"concrete","start":10302.71,"end":10303.19},{"text":"action","start":10303.19,"end":10303.67},{"text":"to","start":10303.91,"end":10303.99},{"text":"close","start":10303.99,"end":10304.31},{"text":"financing","start":10304.31,"end":10304.79},{"text":"gaps,","start":10304.79,"end":10305.19},{"text":"mobilize","start":10305.27,"end":10305.71},{"text":"sustainable","start":10305.71,"end":10306.23},{"text":"investment,","start":10306.23,"end":10306.87},{"text":"and","start":10307.03,"end":10307.23},{"text":"advance","start":10307.23,"end":10307.67},{"text":"reform","start":10307.67,"end":10308.07},{"text":"of","start":10308.07,"end":10308.15},{"text":"the","start":10308.15,"end":10308.23},{"text":"international","start":10308.23,"end":10308.83},{"text":"financial","start":10308.83,"end":10309.27},{"text":"architecture.","start":10309.27,"end":10309.91}]},{"text":"Mr. Chair, Lebanon attaches particular importance to the challenges facing middle-income countries.","start":10310.87,"end":10315.67,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Mr.","start":10310.87,"end":10311.19},{"text":"Chair,","start":10311.19,"end":10311.59},{"text":"Lebanon","start":10311.67,"end":10312.03},{"text":"attaches","start":10312.03,"end":10312.39},{"text":"particular","start":10312.39,"end":10312.83},{"text":"importance","start":10312.83,"end":10313.43},{"text":"to","start":10313.43,"end":10313.51},{"text":"the","start":10313.51,"end":10313.67},{"text":"challenges","start":10313.67,"end":10314.23},{"text":"facing","start":10314.23,"end":10314.51},{"text":"middle-income","start":10314.51,"end":10315.03},{"text":"countries.","start":10315.03,"end":10315.67}]},{"text":"Classification based predominantly on per-income capita does not adequately capture countries' multidimensional vulnerabilities or development needs.","start":10316.31,"end":10323.59,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Classification","start":10316.31,"end":10317.03},{"text":"based","start":10317.03,"end":10317.27},{"text":"predominantly","start":10317.27,"end":10317.83},{"text":"on","start":10317.83,"end":10317.91},{"text":"per-income","start":10317.91,"end":10318.39},{"text":"capita","start":10318.39,"end":10318.87},{"text":"does","start":10319.03,"end":10319.27},{"text":"not","start":10319.27,"end":10319.43},{"text":"adequately","start":10319.43,"end":10319.91},{"text":"capture","start":10319.91,"end":10320.23},{"text":"countries'","start":10320.23,"end":10320.59},{"text":"multidimensional","start":10320.59,"end":10321.19},{"text":"vulnerabilities","start":10321.19,"end":10322.07},{"text":"or","start":10322.47,"end":10322.63},{"text":"development","start":10322.63,"end":10323.23},{"text":"needs.","start":10323.23,"end":10323.59}]},{"text":"Economic and financial shocks, debt burdens, inequalities, climate risks, and other conflicts and crises can rapidly reverse development gains.","start":10324.39,"end":10333.19,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Economic","start":10324.39,"end":10324.83},{"text":"and","start":10324.83,"end":10324.95},{"text":"financial","start":10324.95,"end":10325.43},{"text":"shocks,","start":10325.43,"end":10325.91},{"text":"debt","start":10325.99,"end":10326.23},{"text":"burdens,","start":10326.23,"end":10326.71},{"text":"inequalities,","start":10326.71,"end":10327.67},{"text":"climate","start":10327.91,"end":10328.39},{"text":"risks,","start":10328.39,"end":10328.71},{"text":"and","start":10329.23,"end":10329.43},{"text":"other","start":10329.43,"end":10330.15},{"text":"conflicts","start":10330.39,"end":10330.79},{"text":"and","start":10330.79,"end":10330.91},{"text":"crises","start":10330.91,"end":10331.27},{"text":"can","start":10331.27,"end":10331.51},{"text":"rapidly","start":10331.51,"end":10331.91},{"text":"reverse","start":10331.91,"end":10332.31},{"text":"development","start":10332.31,"end":10332.83},{"text":"gains.","start":10332.83,"end":10333.19}]},{"text":"Countries must have access to a broad range of financial instruments, including concessional and non-concessional financing and other instruments that have lowered the cost of capital.","start":10334.15,"end":10343.11,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Countries","start":10334.15,"end":10334.51},{"text":"must","start":10334.51,"end":10334.71},{"text":"have","start":10334.71,"end":10334.95},{"text":"access","start":10334.95,"end":10335.27},{"text":"to","start":10335.27,"end":10335.43},{"text":"a","start":10335.43,"end":10335.51},{"text":"broad","start":10335.51,"end":10335.83},{"text":"range","start":10335.83,"end":10336.15},{"text":"of","start":10336.15,"end":10336.23},{"text":"financial","start":10336.31,"end":10336.91},{"text":"instruments,","start":10336.95,"end":10337.83},{"text":"including","start":10337.83,"end":10338.19},{"text":"concessional","start":10338.19,"end":10338.95},{"text":"and","start":10338.95,"end":10339.11},{"text":"non-concessional","start":10339.11,"end":10339.75},{"text":"financing","start":10339.75,"end":10340.47},{"text":"and","start":10340.79,"end":10340.95},{"text":"other","start":10340.95,"end":10341.15},{"text":"instruments","start":10341.15,"end":10341.63},{"text":"that","start":10341.63,"end":10341.75},{"text":"have","start":10341.75,"end":10341.91},{"text":"lowered","start":10341.91,"end":10342.19},{"text":"the","start":10342.19,"end":10342.27},{"text":"cost","start":10342.27,"end":10342.51},{"text":"of","start":10342.51,"end":10342.63},{"text":"capital.","start":10342.63,"end":10343.11}]},{"text":"Debt sustainability is equally critical.","start":10344.31,"end":10346.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Debt","start":10344.31,"end":10344.47},{"text":"sustainability","start":10344.47,"end":10345.23},{"text":"is","start":10345.23,"end":10345.35},{"text":"equally","start":10345.35,"end":10345.67},{"text":"critical.","start":10345.67,"end":10346.23}]}]},{"sentences":[{"text":"High debt servicing costs diverts scarce resources from infrastructure, education, health, and productive investment.","start":10346.87,"end":10353.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"High","start":10346.87,"end":10347.11},{"text":"debt","start":10347.11,"end":10347.27},{"text":"servicing","start":10347.27,"end":10347.83},{"text":"costs","start":10348.23,"end":10348.67},{"text":"diverts","start":10348.79,"end":10349.23},{"text":"scarce","start":10349.23,"end":10349.47},{"text":"resources","start":10349.47,"end":10350.03},{"text":"from","start":10350.03,"end":10350.23},{"text":"infrastructure,","start":10350.23,"end":10351.03},{"text":"education,","start":10351.03,"end":10351.67},{"text":"health,","start":10351.67,"end":10351.99},{"text":"and","start":10352.07,"end":10352.23},{"text":"productive","start":10352.23,"end":10352.67},{"text":"investment.","start":10352.67,"end":10353.35}]}]},{"sentences":[{"text":"Mr. Chair, for Lebanon, these challenges are immediate.","start":10354.39,"end":10356.79,"topics":[],"words":[{"text":"Mr.","start":10354.39,"end":10354.71},{"text":"Chair,","start":10354.71,"end":10354.95},{"text":"for","start":10354.95,"end":10355.11},{"text":"Lebanon,","start":10355.11,"end":10355.51},{"text":"these","start":10355.51,"end":10355.67},{"text":"challenges","start":10355.67,"end":10356.07},{"text":"are","start":10356.07,"end":10356.23},{"text":"immediate.","start":10356.23,"end":10356.79}]}]},{"sentences":[{"text":"Despite exceptional difficult circumstances and the impact of conflict and regional.","start":10357.59,"end":10361.35,"topics":[],"words":[{"text":"Despite","start":10357.59,"end":10358.03},{"text":"exceptional","start":10358.03,"end":10358.55},{"text":"difficult","start":10358.55,"end":10358.91},{"text":"circumstances","start":10358.91,"end":10359.59},{"text":"and","start":10359.59,"end":10359.71},{"text":"the","start":10359.71,"end":10359.79},{"text":"impact","start":10359.79,"end":10360.15},{"text":"of","start":10360.15,"end":10360.31},{"text":"conflict","start":10360.31,"end":10360.79},{"text":"and","start":10360.79,"end":10360.95},{"text":"regional.","start":10360.95,"end":10361.35}]}]},{"sentences":[{"text":"Security developments, damage to infrastructures and housing, displacement and reconstruction needs have placed further pressure on limited national resources.","start":10361.35,"end":10370.39,"topics":[],"words":[{"text":"Security","start":10361.35,"end":10361.79},{"text":"developments,","start":10361.79,"end":10362.55},{"text":"damage","start":10363.11,"end":10363.47},{"text":"to","start":10363.47,"end":10363.59},{"text":"infrastructures","start":10363.59,"end":10364.35},{"text":"and","start":10364.35,"end":10364.47},{"text":"housing,","start":10364.47,"end":10365.03},{"text":"displacement","start":10365.19,"end":10365.87},{"text":"and","start":10365.87,"end":10365.99},{"text":"reconstruction","start":10365.99,"end":10366.67},{"text":"needs","start":10366.67,"end":10367.03},{"text":"have","start":10367.27,"end":10367.51},{"text":"placed","start":10367.51,"end":10367.99},{"text":"further","start":10367.99,"end":10368.39},{"text":"pressure","start":10368.39,"end":10368.79},{"text":"on","start":10368.79,"end":10368.95},{"text":"limited","start":10368.95,"end":10369.35},{"text":"national","start":10369.35,"end":10369.71},{"text":"resources.","start":10369.71,"end":10370.39}]},{"text":"The government's priorities are therefore focused on reconstruction and recovery, advancing reforms, and restoring confidence in the economy.","start":10371.43,"end":10378.87,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"Last","start":10380.11,"end":10380.31},{"text":"week,","start":10380.31,"end":10380.51},{"text":"the","start":10380.51,"end":10380.63},{"text":"Lebanese","start":10380.63,"end":10381.63},{"text":"cabinet","start":10381.63,"end":10382.11},{"text":"approved","start":10382.11,"end":10382.67},{"text":"the","start":10382.67,"end":10382.79},{"text":"2027","start":10382.83,"end":10383.63},{"text":"state","start":10383.63,"end":10383.99},{"text":"budget,","start":10383.99,"end":10384.51},{"text":"which","start":10384.79,"end":10385.07},{"text":"introduces","start":10385.07,"end":10385.71},{"text":"measures","start":10385.71,"end":10386.19},{"text":"to","start":10386.19,"end":10386.31},{"text":"strengthen","start":10386.31,"end":10386.75},{"text":"tax","start":10386.75,"end":10387.03},{"text":"compliance.","start":10387.03,"end":10387.63}]},{"text":"Progress has also been made in advancing banking sector restructuring.","start":10388.59,"end":10392.03,"topics":[],"words":[{"text":"Progress","start":10388.59,"end":10389.07},{"text":"has","start":10389.07,"end":10389.23},{"text":"also","start":10389.23,"end":10389.47},{"text":"been","start":10389.47,"end":10389.63},{"text":"made","start":10389.63,"end":10390.03},{"text":"in","start":10390.03,"end":10390.15},{"text":"advancing","start":10390.15,"end":10390.67},{"text":"banking","start":10390.67,"end":10390.99},{"text":"sector","start":10390.99,"end":10391.35},{"text":"restructuring.","start":10391.35,"end":10392.03}]},{"text":"And Lebanon continues its active engagement with the International Monetary Fund towards a comprehensive reform agenda.","start":10393.07,"end":10399.07,"topics":[],"words":[{"text":"And","start":10393.07,"end":10393.31},{"text":"Lebanon","start":10393.31,"end":10393.63},{"text":"continues","start":10393.63,"end":10394.07},{"text":"its","start":10394.07,"end":10394.19},{"text":"active","start":10394.19,"end":10394.55},{"text":"engagement","start":10394.55,"end":10395.15},{"text":"with","start":10395.23,"end":10395.43},{"text":"the","start":10395.43,"end":10395.51},{"text":"International","start":10395.51,"end":10396.07},{"text":"Monetary","start":10396.07,"end":10396.51},{"text":"Fund","start":10396.51,"end":10396.91},{"text":"towards","start":10396.99,"end":10397.35},{"text":"a","start":10397.35,"end":10397.39},{"text":"comprehensive","start":10397.39,"end":10398.19},{"text":"reform","start":10398.19,"end":10398.67},{"text":"agenda.","start":10398.67,"end":10399.07}]},{"text":"Yet, fiscal sustainability and development must advance together.","start":10400.43,"end":10404.11,"topics":[],"words":[{"text":"Yet,","start":10400.43,"end":10400.79},{"text":"fiscal","start":10400.79,"end":10401.15},{"text":"sustainability","start":10401.15,"end":10401.91},{"text":"and","start":10401.91,"end":10402.07},{"text":"development","start":10402.07,"end":10402.83},{"text":"must","start":10402.83,"end":10403.23},{"text":"advance","start":10403.23,"end":10403.63},{"text":"together.","start":10403.63,"end":10404.11}]},{"text":"Lebanon must preserve essential space for reconstruction, social protection, and productive investment.","start":10404.95,"end":10409.95,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt 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thank you, Mr. Chair.","start":10450.83,"end":10451.71,"topics":[],"words":[{"text":"I","start":10450.83,"end":10450.99},{"text":"thank","start":10450.99,"end":10451.15},{"text":"you,","start":10451.15,"end":10451.23},{"text":"Mr.","start":10451.23,"end":10451.47},{"text":"Chair.","start":10451.47,"end":10451.71}]}]}],"speaker":{"affiliation":"LBN","group":null,"function":null,"affiliation_full":"Lebanon"}},{"statement_number":81,"start":10453.63,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:54:14","paragraphs":[{"sentences":[{"text":"I thank the representative of Lebanon.","start":10453.63,"end":10455.79,"topics":[],"words":[{"text":"I","start":10453.63,"end":10453.87},{"text":"thank","start":10453.87,"end":10454.11},{"text":"the","start":10454.11,"end":10454.19},{"text":"representative","start":10454.19,"end":10454.83},{"text":"of","start":10454.83,"end":10455.07},{"text":"Lebanon.","start":10455.07,"end":10455.79}]},{"text":"I now give the floor to the distinguished representative of Cuba.","start":10456.03,"end":10458.91,"topics":[],"words":[{"text":"I","start":10456.03,"end":10456.19},{"text":"now","start":10456.19,"end":10456.35},{"text":"give","start":10456.35,"end":10456.51},{"text":"the","start":10456.51,"end":10456.59},{"text":"floor","start":10456.59,"end":10456.87},{"text":"to","start":10456.87,"end":10456.95},{"text":"the","start":10456.95,"end":10457.03},{"text":"distinguished","start":10457.03,"end":10457.55},{"text":"representative","start":10457.55,"end":10458.27},{"text":"of","start":10458.27,"end":10458.51},{"text":"Cuba.","start":10458.51,"end":10458.91}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":82,"start":10460.35,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:54:21","paragraphs":[{"sentences":[{"text":"Mr. Chair, we align ourselves with the statement of G77 and China and AOSIS.","start":10460.35,"end":10467.99,"topics":[],"words":[{"text":"Mr.","start":10460.35,"end":10461.35},{"text":"Chair,","start":10461.83,"end":10462.19},{"text":"we","start":10462.39,"end":10462.51},{"text":"align","start":10462.51,"end":10462.71},{"text":"ourselves","start":10462.71,"end":10463.11},{"text":"with","start":10463.11,"end":10463.35},{"text":"the","start":10463.35,"end":10463.43},{"text":"statement","start":10463.43,"end":10464.07},{"text":"of","start":10464.31,"end":10464.63},{"text":"G77","start":10465.75,"end":10466.51},{"text":"and","start":10466.51,"end":10466.63},{"text":"China","start":10466.63,"end":10466.99},{"text":"and","start":10466.99,"end":10467.19},{"text":"AOSIS.","start":10467.19,"end":10467.99}]},{"text":"Just over a year since the adoption of the Sivia commitment, we must move from promises to concrete results and the necessary reform of the international financial architecture.","start":10468.31,"end":10477.03,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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financing gap to reach the SDGs is now more than $4 trillion per year.","start":10477.35,"end":10483.27,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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figure.","start":10483.55,"end":10485.83,"topics":[],"words":[{"text":"That","start":10483.55,"end":10483.79},{"text":"is","start":10483.79,"end":10483.95},{"text":"not","start":10483.95,"end":10484.51},{"text":"just","start":10484.51,"end":10484.87},{"text":"an","start":10484.87,"end":10484.99},{"text":"abstract","start":10484.99,"end":10485.47},{"text":"figure.","start":10485.47,"end":10485.83}]},{"text":"That is hospitals and schools that are not being built, infrastructure that is not developed, and jobs that are not created.","start":10486.03,"end":10493.15,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Macroeconomic","start":10494.51,"end":10495.55},{"text":"stability","start":10495.55,"end":10496.59},{"text":"must","start":10496.59,"end":10496.87},{"text":"be","start":10496.87,"end":10497.15},{"text":"measured","start":10497.15,"end":10497.43},{"text":"not","start":10497.43,"end":10497.63},{"text":"just","start":10497.63,"end":10497.79},{"text":"by","start":10497.79,"end":10498.03},{"text":"the","start":10498.03,"end":10498.11},{"text":"GDP","start":10498.11,"end":10498.47},{"text":"that","start":10498.47,"end":10498.59},{"text":"is","start":10498.59,"end":10498.67},{"text":"generated,","start":10498.67,"end":10499.23},{"text":"but","start":10499.23,"end":10499.39},{"text":"by","start":10499.39,"end":10499.51},{"text":"how","start":10499.51,"end":10499.87},{"text":"it","start":10499.87,"end":10500.11},{"text":"is","start":10500.11,"end":10500.19},{"text":"distributed","start":10500.19,"end":10500.87},{"text":"to","start":10500.87,"end":10501.11},{"text":"ensure","start":10501.11,"end":10501.51},{"text":"the","start":10501.51,"end":10501.59},{"text":"well-being","start":10501.59,"end":10501.99},{"text":"of","start":10501.99,"end":10502.11},{"text":"our","start":10502.11,"end":10502.35},{"text":"peoples.","start":10502.59,"end":10503.07}]},{"text":"Global public debt and the external debt of developing countries have reached record levels.","start":10504.99,"end":10510.63,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"It","start":10510.79,"end":10510.95},{"text":"is","start":10510.95,"end":10511.07},{"text":"alarming","start":10511.07,"end":10511.67},{"text":"that","start":10511.91,"end":10512.23},{"text":"in","start":10512.23,"end":10512.47},{"text":"dozens","start":10512.63,"end":10512.99},{"text":"of","start":10512.99,"end":10513.07},{"text":"developing","start":10513.07,"end":10513.43},{"text":"countries,","start":10513.43,"end":10514.07},{"text":"debt","start":10514.79,"end":10515.11},{"text":"interest","start":10515.11,"end":10515.43},{"text":"payments","start":10515.43,"end":10515.91},{"text":"are","start":10515.91,"end":10516.07},{"text":"now","start":10516.07,"end":10516.31},{"text":"greater","start":10516.31,"end":10516.91},{"text":"than","start":10517.03,"end":10517.43},{"text":"health","start":10517.43,"end":10517.67},{"text":"or","start":10517.67,"end":10517.79},{"text":"education","start":10517.79,"end":10518.31},{"text":"expenditure.","start":10518.31,"end":10518.95}]},{"text":"We need lasting solutions to tackle this serious problem, such as exchanges of debt for sustainable development or exchanges of debt for climate action.","start":10519.75,"end":10528.95,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"We","start":10519.75,"end":10519.91},{"text":"need","start":10519.91,"end":10520.39},{"text":"lasting","start":10520.39,"end":10520.83},{"text":"solutions","start":10520.83,"end":10521.67},{"text":"to","start":10521.91,"end":10522.15},{"text":"tackle","start":10522.31,"end":10522.79},{"text":"this","start":10522.79,"end":10523.11},{"text":"serious","start":10523.11,"end":10523.43},{"text":"problem,","start":10523.43,"end":10523.83},{"text":"such","start":10523.83,"end":10524.03},{"text":"as","start":10524.03,"end":10524.31},{"text":"exchanges","start":10524.47,"end":10525.11},{"text":"of","start":10525.15,"end":10525.35},{"text":"debt","start":10525.35,"end":10525.59},{"text":"for","start":10525.59,"end":10525.75},{"text":"sustainable","start":10525.75,"end":10526.15},{"text":"development","start":10526.15,"end":10526.59},{"text":"or","start":10526.59,"end":10526.67},{"text":"exchanges","start":10526.67,"end":10527.03},{"text":"of","start":10527.03,"end":10527.11},{"text":"debt","start":10527.27,"end":10527.91},{"text":"for","start":10528.07,"end":10528.19},{"text":"climate","start":10528.23,"end":10528.59},{"text":"action.","start":10528.59,"end":10528.95}]},{"text":"We also need better rechanneling of special drawing rights to those who most need them and better representation of developing countries in IFIs.","start":10529.27,"end":10536.71,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"We","start":10529.27,"end":10529.39},{"text":"also","start":10529.39,"end":10529.55},{"text":"need","start":10529.55,"end":10529.75},{"text":"better","start":10529.75,"end":10529.99},{"text":"rechanneling","start":10529.99,"end":10530.47},{"text":"of","start":10530.47,"end":10530.55},{"text":"special","start":10530.55,"end":10530.83},{"text":"drawing","start":10530.83,"end":10531.11},{"text":"rights","start":10531.11,"end":10531.59},{"text":"to","start":10531.67,"end":10531.83},{"text":"those","start":10531.83,"end":10531.95},{"text":"who","start":10531.95,"end":10532.03},{"text":"most","start":10532.03,"end":10532.19},{"text":"need","start":10532.19,"end":10532.31},{"text":"them","start":10532.31,"end":10532.43},{"text":"and","start":10532.43,"end":10532.55},{"text":"better","start":10532.87,"end":10533.59},{"text":"representation","start":10533.63,"end":10534.27},{"text":"of","start":10534.27,"end":10534.35},{"text":"developing","start":10534.35,"end":10534.71},{"text":"countries","start":10534.71,"end":10535.07},{"text":"in","start":10535.07,"end":10535.35},{"text":"IFIs.","start":10535.83,"end":10536.71}]},{"text":"The follow-up to SIVIA must result in concessional financing, technology transfer and capacity building.","start":10537.27,"end":10543.19,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"The","start":10537.27,"end":10537.31},{"text":"follow-up","start":10537.31,"end":10537.55},{"text":"to","start":10537.55,"end":10537.71},{"text":"SIVIA","start":10537.71,"end":10538.15},{"text":"must","start":10538.15,"end":10538.59},{"text":"result","start":10538.59,"end":10538.99},{"text":"in","start":10538.99,"end":10539.19},{"text":"concessional","start":10539.19,"end":10539.75},{"text":"financing,","start":10539.75,"end":10540.39},{"text":"technology","start":10540.71,"end":10541.27},{"text":"transfer","start":10541.27,"end":10541.75},{"text":"and","start":10542.31,"end":10542.47},{"text":"capacity","start":10542.47,"end":10542.83},{"text":"building.","start":10542.83,"end":10543.19}]},{"text":"ODA remains well below its historic target and it can't be replaced by more unsustainable loans.","start":10544.55,"end":10551.35,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. 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this context, we denounce the fact that the collective punishment that the US is inflicting on my people is hindering its economic development and has a serious humanitarian impact because it impedes the normal functioning of hospitals, schools, homes, transport, infrastructure and the production of food and medicines because of the lack of fuel and energy for millions of 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you very much.","start":10602.39,"end":10603.35,"topics":[],"words":[{"text":"Thank","start":10602.39,"end":10602.67},{"text":"you","start":10602.67,"end":10602.75},{"text":"very","start":10602.75,"end":10603.03},{"text":"much.","start":10603.03,"end":10603.35}]}]}],"speaker":{"affiliation":"CUB","group":null,"function":null,"affiliation_full":"Cuba"}},{"statement_number":83,"start":10604.87,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:56:45","paragraphs":[{"sentences":[{"text":"I thank the representative of Cuba.","start":10604.87,"end":10606.71,"topics":[],"words":[{"text":"I","start":10604.87,"end":10605.11},{"text":"thank","start":10605.11,"end":10605.31},{"text":"the","start":10605.31,"end":10605.39},{"text":"representative","start":10605.39,"end":10606.03},{"text":"of","start":10606.03,"end":10606.15},{"text":"Cuba.","start":10606.15,"end":10606.71}]},{"text":"I now give the floor to the distinguished representative of 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Chair.","start":10613.39,"end":10614.55,"topics":[],"words":[{"text":"Thank","start":10613.39,"end":10613.59},{"text":"you,","start":10613.59,"end":10613.67},{"text":"Mr.","start":10613.67,"end":10614.07},{"text":"Chair.","start":10614.07,"end":10614.55}]}]},{"sentences":[{"text":"At the outset, Sudan aligns itself with the statements.","start":10614.79,"end":10617.51,"topics":[],"words":[{"text":"At","start":10614.79,"end":10614.91},{"text":"the","start":10614.91,"end":10615.07},{"text":"outset,","start":10615.07,"end":10615.51},{"text":"Sudan","start":10615.51,"end":10615.91},{"text":"aligns","start":10615.91,"end":10616.31},{"text":"itself","start":10616.31,"end":10616.75},{"text":"with","start":10616.75,"end":10616.87},{"text":"the","start":10616.87,"end":10616.95},{"text":"statements.","start":10616.95,"end":10617.51}]}]},{"sentences":[{"text":"Delivered on behalf of the groups of the G77 in China, the African and the least 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countries in fragile and war-affected situation, its full implementation offers a vital.","start":10637.67,"end":10643.31,"topics":[],"words":[{"text":"For","start":10637.67,"end":10637.99},{"text":"countries","start":10637.99,"end":10638.43},{"text":"in","start":10638.43,"end":10638.55},{"text":"fragile","start":10638.55,"end":10639.11},{"text":"and","start":10639.11,"end":10639.31},{"text":"war-affected","start":10639.31,"end":10639.99},{"text":"situation,","start":10639.99,"end":10640.71},{"text":"its","start":10640.95,"end":10641.19},{"text":"full","start":10641.19,"end":10641.35},{"text":"implementation","start":10641.35,"end":10642.31},{"text":"offers","start":10642.31,"end":10642.87},{"text":"a","start":10642.87,"end":10642.91},{"text":"vital.","start":10642.91,"end":10643.31}]}]},{"sentences":[{"text":"The path towards stability and 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our government has taken concrete steps to drive this process.","start":10668.15,"end":10672.71,"topics":[],"words":[{"text":"Therefore,","start":10668.15,"end":10668.83},{"text":"our","start":10668.83,"end":10668.95},{"text":"government","start":10668.95,"end":10669.51},{"text":"has","start":10669.51,"end":10669.67},{"text":"taken","start":10669.67,"end":10669.99},{"text":"concrete","start":10669.99,"end":10670.55},{"text":"steps","start":10670.55,"end":10671.03},{"text":"to","start":10671.03,"end":10671.27},{"text":"drive","start":10671.27,"end":10671.83},{"text":"this","start":10671.83,"end":10672.07},{"text":"process.","start":10672.07,"end":10672.71}]},{"text":"On integrated national financing framework, Sudan has requested support to design and implement a specialized INFF, including a development finance assessment, a national financing strategy, and a strategic management of public assets, which will support post-war reform era.","start":10673.31,"end":10691.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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financing reform and digitalization, we are actively reforming and digitalizing our financial system, revenue collection, and national accounts by bringing the informal sector and e-commerce into the tax system.","start":10692.03,"end":10705.59,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."}],"words":[{"text":"On","start":10692.03,"end":10692.27},{"text":"financing","start":10692.27,"end":10692.91},{"text":"reform","start":10692.91,"end":10693.39},{"text":"and","start":10693.39,"end":10693.51},{"text":"digitalization,","start":10693.51,"end":10694.43},{"text":"we","start":10694.43,"end":10694.51},{"text":"are","start":10694.51,"end":10694.75},{"text":"actively","start":10694.75,"end":10695.23},{"text":"reforming","start":10695.23,"end":10695.79},{"text":"and","start":10695.79,"end":10695.99},{"text":"digitalizing","start":10695.99,"end":10696.67},{"text":"our","start":10696.67,"end":10696.91},{"text":"financial","start":10696.91,"end":10697.55},{"text":"system,","start":10697.55,"end":10698.03},{"text":"revenue","start":10698.35,"end":10698.91},{"text":"collection,","start":10698.91,"end":10699.63},{"text":"and","start":10700.39,"end":10700.55},{"text":"national","start":10700.55,"end":10701.11},{"text":"accounts","start":10701.11,"end":10701.67},{"text":"by","start":10701.67,"end":10701.83},{"text":"bringing","start":10701.83,"end":10702.23},{"text":"the","start":10702.23,"end":10702.35},{"text":"informal","start":10702.35,"end":10702.87},{"text":"sector","start":10702.87,"end":10703.35},{"text":"and","start":10703.35,"end":10703.67},{"text":"e-commerce","start":10703.67,"end":10704.35},{"text":"into","start":10704.35,"end":10704.63},{"text":"the","start":10704.63,"end":10704.71},{"text":"tax","start":10704.71,"end":10705.07},{"text":"system.","start":10705.07,"end":10705.59}]}]},{"sentences":[{"text":"On compacting illicit financial.","start":10705.83,"end":10707.91,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. 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thank you.","start":10774.07,"end":10774.71,"topics":[],"words":[{"text":"I","start":10774.07,"end":10774.23},{"text":"thank","start":10774.23,"end":10774.55},{"text":"you.","start":10774.55,"end":10774.71}]}]}],"speaker":{"affiliation":"SDN","group":null,"function":null,"affiliation_full":"Sudan"}},{"statement_number":85,"start":10776.07,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:59:37","paragraphs":[{"sentences":[{"text":"I thank the representative of Sudan.","start":10776.07,"end":10778.07,"topics":[],"words":[{"text":"I","start":10776.07,"end":10776.39},{"text":"thank","start":10776.39,"end":10776.55},{"text":"the","start":10776.55,"end":10776.63},{"text":"representative","start":10776.63,"end":10777.35},{"text":"of","start":10777.35,"end":10777.43},{"text":"Sudan.","start":10777.43,"end":10778.07}]},{"text":"I now give the floor to the distinguished representative of Armenia.","start":10778.71,"end":10781.67,"topics":[],"words":[{"text":"I","start":10778.71,"end":10778.95},{"text":"now","start":10778.95,"end":10779.07},{"text":"give","start":10779.07,"end":10779.23},{"text":"the","start":10779.23,"end":10779.31},{"text":"floor","start":10779.31,"end":10779.59},{"text":"to","start":10779.59,"end":10779.67},{"text":"the","start":10779.67,"end":10779.75},{"text":"distinguished","start":10779.75,"end":10780.23},{"text":"representative","start":10780.23,"end":10780.95},{"text":"of","start":10780.95,"end":10781.19},{"text":"Armenia.","start":10781.19,"end":10781.67}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":86,"start":10784.95,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=2:59:45","paragraphs":[{"sentences":[{"text":"Chair.","start":10784.95,"end":10785.43,"topics":[],"words":[{"text":"Chair.","start":10784.95,"end":10785.43}]},{"text":"Armenia welcomes the opportunity to contribute to the joint discussion on macroeconomic policy questions and financing for development.","start":10785.87,"end":10792.51,"topics":[],"words":[{"text":"Armenia","start":10785.87,"end":10786.31},{"text":"welcomes","start":10786.31,"end":10786.71},{"text":"the","start":10786.71,"end":10786.79},{"text":"opportunity","start":10786.79,"end":10787.39},{"text":"to","start":10787.39,"end":10787.47},{"text":"contribute","start":10787.47,"end":10788.03},{"text":"to","start":10788.03,"end":10788.11},{"text":"the","start":10788.11,"end":10788.27},{"text":"joint","start":10788.27,"end":10788.51},{"text":"discussion","start":10788.51,"end":10789.23},{"text":"on","start":10789.23,"end":10789.39},{"text":"macroeconomic","start":10789.39,"end":10790.19},{"text":"policy","start":10790.19,"end":10790.59},{"text":"questions","start":10790.59,"end":10791.07},{"text":"and","start":10791.07,"end":10791.23},{"text":"financing","start":10791.23,"end":10791.71},{"text":"for","start":10791.71,"end":10791.87},{"text":"development.","start":10791.87,"end":10792.51}]},{"text":"The global economic environment remains challenging.","start":10792.91,"end":10795.47,"topics":[],"words":[{"text":"The","start":10792.91,"end":10793.07},{"text":"global","start":10793.07,"end":10793.47},{"text":"economic","start":10793.51,"end":10793.95},{"text":"environment","start":10793.95,"end":10794.55},{"text":"remains","start":10794.55,"end":10794.83},{"text":"challenging.","start":10794.83,"end":10795.47}]},{"text":"Geopolitical tensions, disruptions to global supply chains, volatility in international markets, and the impacts of climate change continue to constrain development prospects and place additional pressure on national economies.","start":10795.67,"end":10806.43,"topics":[],"words":[{"text":"Geopolitical","start":10795.67,"end":10796.35},{"text":"tensions,","start":10796.35,"end":10796.91},{"text":"disruptions","start":10796.91,"end":10797.47},{"text":"to","start":10797.47,"end":10797.59},{"text":"global","start":10797.59,"end":10797.95},{"text":"supply","start":10797.95,"end":10798.27},{"text":"chains,","start":10798.27,"end":10798.67},{"text":"volatility","start":10799.07,"end":10799.59},{"text":"in","start":10799.59,"end":10799.67},{"text":"international","start":10799.67,"end":10800.19},{"text":"markets,","start":10800.19,"end":10800.59},{"text":"and","start":10800.59,"end":10800.71},{"text":"the","start":10800.71,"end":10800.79},{"text":"impacts","start":10800.79,"end":10801.19},{"text":"of","start":10801.19,"end":10801.31},{"text":"climate","start":10801.31,"end":10801.79},{"text":"change","start":10801.79,"end":10802.03},{"text":"continue","start":10802.03,"end":10802.47},{"text":"to","start":10802.47,"end":10802.59},{"text":"constrain","start":10802.59,"end":10803.07},{"text":"development","start":10803.07,"end":10803.59},{"text":"prospects","start":10803.59,"end":10804.07},{"text":"and","start":10804.07,"end":10804.19},{"text":"place","start":10804.19,"end":10804.51},{"text":"additional","start":10804.51,"end":10804.91},{"text":"pressure","start":10804.91,"end":10805.35},{"text":"on","start":10805.35,"end":10805.43},{"text":"national","start":10805.43,"end":10805.87},{"text":"economies.","start":10805.87,"end":10806.43}]},{"text":"For many middle-income countries, these challenges are compounded by limited fiscal space, difficulties in accessing affordable and long-term financing, insufficient diversification of productive capacities, and vulnerability to external shocks.","start":10806.95,"end":10819.75,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"For","start":10806.95,"end":10807.03},{"text":"many","start":10807.03,"end":10807.27},{"text":"middle-income","start":10807.27,"end":10807.83},{"text":"countries,","start":10807.83,"end":10808.31},{"text":"these","start":10808.31,"end":10808.43},{"text":"challenges","start":10808.43,"end":10808.95},{"text":"are","start":10808.95,"end":10809.11},{"text":"compounded","start":10809.11,"end":10809.75},{"text":"by","start":10809.75,"end":10809.83},{"text":"limited","start":10809.83,"end":10810.31},{"text":"fiscal","start":10810.31,"end":10810.63},{"text":"space,","start":10810.63,"end":10811.03},{"text":"difficulties","start":10811.35,"end":10811.91},{"text":"in","start":10811.91,"end":10812.03},{"text":"accessing","start":10812.03,"end":10812.51},{"text":"affordable","start":10812.51,"end":10813.11},{"text":"and","start":10813.11,"end":10813.27},{"text":"long-term","start":10813.27,"end":10813.71},{"text":"financing,","start":10813.75,"end":10814.39},{"text":"insufficient","start":10814.63,"end":10815.31},{"text":"diversification","start":10815.31,"end":10816.23},{"text":"of","start":10816.23,"end":10816.31},{"text":"productive","start":10816.31,"end":10816.87},{"text":"capacities,","start":10816.87,"end":10817.59},{"text":"and","start":10817.75,"end":10817.99},{"text":"vulnerability","start":10817.99,"end":10818.71},{"text":"to","start":10818.71,"end":10818.83},{"text":"external","start":10818.83,"end":10819.27},{"text":"shocks.","start":10819.27,"end":10819.75}]},{"text":"Development transitions can create additional challenges when declining access to concessional support is not matched by affordable alternative financing.","start":10819.99,"end":10827.75,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"Development","start":10819.99,"end":10820.59},{"text":"transitions","start":10820.59,"end":10821.11},{"text":"can","start":10821.11,"end":10821.35},{"text":"create","start":10821.35,"end":10821.67},{"text":"additional","start":10821.67,"end":10822.15},{"text":"challenges","start":10822.15,"end":10822.71},{"text":"when","start":10822.71,"end":10822.87},{"text":"declining","start":10822.87,"end":10823.35},{"text":"access","start":10823.35,"end":10823.75},{"text":"to","start":10823.75,"end":10823.87},{"text":"concessional","start":10823.87,"end":10824.47},{"text":"support","start":10824.47,"end":10824.87},{"text":"is","start":10825.11,"end":10825.35},{"text":"not","start":10825.35,"end":10825.51},{"text":"matched","start":10825.51,"end":10825.79},{"text":"by","start":10825.83,"end":10825.99},{"text":"affordable","start":10825.99,"end":10826.55},{"text":"alternative","start":10826.55,"end":10827.15},{"text":"financing.","start":10827.15,"end":10827.75}]},{"text":"As a landlocked developing and middle-income country, Armenia attaches particular importance to addressing these challenges.","start":10828.07,"end":10834.15,"topics":[],"words":[{"text":"As","start":10828.07,"end":10828.27},{"text":"a","start":10828.27,"end":10828.31},{"text":"landlocked","start":10828.31,"end":10828.83},{"text":"developing","start":10828.83,"end":10829.43},{"text":"and","start":10829.43,"end":10829.59},{"text":"middle-income","start":10829.59,"end":10830.15},{"text":"country,","start":10830.15,"end":10830.63},{"text":"Armenia","start":10830.87,"end":10831.31},{"text":"attaches","start":10831.31,"end":10831.75},{"text":"particular","start":10831.75,"end":10832.31},{"text":"importance","start":10832.31,"end":10832.83},{"text":"to","start":10832.83,"end":10832.91},{"text":"addressing","start":10832.91,"end":10833.35},{"text":"these","start":10833.35,"end":10833.55},{"text":"challenges.","start":10833.55,"end":10834.15}]},{"text":"We believe that development needs cannot be fully by income levels alone.","start":10834.39,"end":10838.63,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"We","start":10834.39,"end":10834.55},{"text":"believe","start":10834.55,"end":10834.87},{"text":"that","start":10834.87,"end":10835.03},{"text":"development","start":10835.03,"end":10835.63},{"text":"needs","start":10835.63,"end":10835.83},{"text":"cannot","start":10835.83,"end":10836.23},{"text":"be","start":10836.23,"end":10836.39},{"text":"fully","start":10836.39,"end":10836.83},{"text":"by","start":10837.11,"end":10837.35},{"text":"income","start":10837.51,"end":10837.95},{"text":"levels","start":10837.95,"end":10838.31},{"text":"alone.","start":10838.31,"end":10838.63}]},{"text":"A multidimensional approach should also take into account vulnerabilities, resilience, productive capacity, fiscal space, and exposure to external shocks.","start":10839.03,"end":10847.03,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"A","start":10839.03,"end":10839.07},{"text":"multidimensional","start":10839.07,"end":10839.95},{"text":"approach","start":10839.95,"end":10840.39},{"text":"should","start":10840.39,"end":10840.63},{"text":"also","start":10840.63,"end":10840.95},{"text":"take","start":10840.95,"end":10841.19},{"text":"into","start":10841.19,"end":10841.39},{"text":"account","start":10841.39,"end":10841.79},{"text":"vulnerabilities,","start":10841.79,"end":10842.63},{"text":"resilience,","start":10842.79,"end":10843.43},{"text":"productive","start":10843.43,"end":10843.91},{"text":"capacity,","start":10843.91,"end":10844.55},{"text":"fiscal","start":10844.55,"end":10844.95},{"text":"space,","start":10844.95,"end":10845.27},{"text":"and","start":10845.27,"end":10845.47},{"text":"exposure","start":10845.47,"end":10845.99},{"text":"to","start":10845.99,"end":10846.07},{"text":"external","start":10846.07,"end":10846.63},{"text":"shocks.","start":10846.63,"end":10847.03}]},{"text":"This consideration should inform access to development finance and tailored international support.","start":10847.31,"end":10852.39,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."}],"words":[{"text":"This","start":10847.31,"end":10847.51},{"text":"consideration","start":10847.51,"end":10848.31},{"text":"should","start":10848.31,"end":10848.51},{"text":"inform","start":10848.51,"end":10848.87},{"text":"access","start":10848.87,"end":10849.19},{"text":"to","start":10849.19,"end":10849.35},{"text":"development","start":10849.35,"end":10849.95},{"text":"finance","start":10849.95,"end":10850.47},{"text":"and","start":10850.71,"end":10850.91},{"text":"tailored","start":10850.91,"end":10851.27},{"text":"international","start":10851.27,"end":10851.87},{"text":"support.","start":10851.91,"end":10852.39}]},{"text":"Diversification of external trade market is an important element of resilience.","start":10852.71,"end":10856.87,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."}],"words":[{"text":"Diversification","start":10852.71,"end":10853.55},{"text":"of","start":10853.55,"end":10853.67},{"text":"external","start":10853.67,"end":10854.15},{"text":"trade","start":10854.15,"end":10854.39},{"text":"market","start":10854.39,"end":10854.87},{"text":"is","start":10855.03,"end":10855.19},{"text":"an","start":10855.19,"end":10855.27},{"text":"important","start":10855.27,"end":10855.75},{"text":"element","start":10855.75,"end":10856.15},{"text":"of","start":10856.15,"end":10856.31},{"text":"resilience.","start":10856.31,"end":10856.87}]},{"text":"and sustainable growth for landlocked developing countries, expanding access to regional, international markets requires equitable, inclusive, resilient, and affordable transport connectivity, efficient transit, and stronger integration into regional and global value chains.","start":10857.43,"end":10871.91,"topics":[{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"The","start":10875.75,"end":10875.91},{"text":"development","start":10875.91,"end":10876.47},{"text":"finance","start":10876.47,"end":10876.87},{"text":"agenda","start":10876.87,"end":10877.27},{"text":"continues","start":10877.27,"end":10877.75},{"text":"to","start":10877.75,"end":10877.87},{"text":"face","start":10877.87,"end":10878.11},{"text":"significant","start":10878.11,"end":10878.75},{"text":"challenges,","start":10878.75,"end":10879.27},{"text":"including","start":10879.51,"end":10880.07},{"text":"widening","start":10880.07,"end":10880.55},{"text":"financing","start":10880.55,"end":10881.11},{"text":"gaps,","start":10881.11,"end":10881.51},{"text":"high","start":10881.67,"end":10881.83},{"text":"borrowing","start":10881.83,"end":10882.39},{"text":"costs,","start":10882.39,"end":10882.79},{"text":"rising","start":10883.03,"end":10883.43},{"text":"debt","start":10883.43,"end":10883.59},{"text":"service","start":10883.59,"end":10883.95},{"text":"burdens,","start":10883.99,"end":10884.47},{"text":"constrained","start":10884.47,"end":10884.95},{"text":"fiscal","start":10884.95,"end":10885.27},{"text":"space,","start":10885.27,"end":10885.59},{"text":"and","start":10885.59,"end":10885.79},{"text":"declining","start":10885.79,"end":10886.27},{"text":"development","start":10886.27,"end":10886.83},{"text":"assistance.","start":10886.83,"end":10887.43}]},{"text":"These pressures limit the ability of developing countries to mobilize resources and invest in their sustainable development priorities, addressing these challenges requires stronger support from international financial institutions, including multilateral development bank to expand access to affordable, predictable and long term finance and enhance capacity building in their policy planning and implementation.","start":10887.67,"end":10909.47,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"These","start":10887.67,"end":10887.83},{"text":"pressures","start":10887.83,"end":10888.35},{"text":"limit","start":10888.35,"end":10888.75},{"text":"the","start":10888.75,"end":10888.83},{"text":"ability","start":10888.83,"end":10889.31},{"text":"of","start":10889.31,"end":10889.43},{"text":"developing","start":10889.43,"end":10889.91},{"text":"countries","start":10889.91,"end":10890.31},{"text":"to","start":10890.31,"end":10890.47},{"text":"mobilize","start":10890.47,"end":10890.95},{"text":"resources","start":10890.95,"end":10891.47},{"text":"and","start":10892.43,"end":10892.59},{"text":"invest","start":10892.59,"end":10892.91},{"text":"in","start":10892.91,"end":10893.03},{"text":"their","start":10893.03,"end":10893.23},{"text":"sustainable","start":10893.23,"end":10893.79},{"text":"development","start":10893.79,"end":10894.35},{"text":"priorities,","start":10894.35,"end":10894.99},{"text":"addressing","start":10895.31,"end":10895.79},{"text":"these","start":10895.79,"end":10895.91},{"text":"challenges","start":10895.91,"end":10896.43},{"text":"requires","start":10896.43,"end":10896.87},{"text":"stronger","start":10896.87,"end":10897.23},{"text":"support","start":10897.23,"end":10897.59},{"text":"from","start":10897.59,"end":10897.79},{"text":"international","start":10897.79,"end":10898.43},{"text":"financial","start":10898.43,"end":10898.91},{"text":"institutions,","start":10898.91,"end":10899.63},{"text":"including","start":10899.87,"end":10900.35},{"text":"multilateral","start":10900.35,"end":10901.03},{"text":"development","start":10901.03,"end":10901.55},{"text":"bank","start":10901.55,"end":10901.87},{"text":"to","start":10902.03,"end":10902.19},{"text":"expand","start":10902.19,"end":10902.59},{"text":"access","start":10902.59,"end":10902.99},{"text":"to","start":10902.99,"end":10903.07},{"text":"affordable,","start":10903.07,"end":10903.71},{"text":"predictable","start":10903.71,"end":10904.43},{"text":"and","start":10904.51,"end":10904.75},{"text":"long","start":10904.75,"end":10904.99},{"text":"term","start":10904.99,"end":10905.19},{"text":"finance","start":10905.19,"end":10905.71},{"text":"and","start":10905.71,"end":10905.87},{"text":"enhance","start":10905.87,"end":10906.19},{"text":"capacity","start":10906.19,"end":10906.71},{"text":"building","start":10906.71,"end":10907.11},{"text":"in","start":10907.11,"end":10907.23},{"text":"their","start":10907.23,"end":10907.47},{"text":"policy","start":10907.47,"end":10907.87},{"text":"planning","start":10907.87,"end":10908.31},{"text":"and","start":10908.35,"end":10908.51},{"text":"implementation.","start":10908.51,"end":10909.47}]},{"text":"Armenia underscores the importance of translating the Sevilla commitments into concrete actions and ensuring that development finance is responsive to countries' diverse needs and vulnerabilities.","start":10910.07,"end":10919.75,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"Armenia","start":10910.07,"end":10910.39},{"text":"underscores","start":10910.39,"end":10910.87},{"text":"the","start":10910.87,"end":10910.99},{"text":"importance","start":10910.99,"end":10911.51},{"text":"of","start":10911.51,"end":10911.59},{"text":"translating","start":10911.59,"end":10912.15},{"text":"the","start":10912.15,"end":10912.23},{"text":"Sevilla","start":10912.23,"end":10912.63},{"text":"commitments","start":10912.63,"end":10913.15},{"text":"into","start":10913.15,"end":10913.35},{"text":"concrete","start":10913.35,"end":10913.83},{"text":"actions","start":10913.83,"end":10914.23},{"text":"and","start":10914.47,"end":10914.71},{"text":"ensuring","start":10914.71,"end":10915.19},{"text":"that","start":10915.19,"end":10915.35},{"text":"development","start":10915.35,"end":10915.87},{"text":"finance","start":10915.87,"end":10916.31},{"text":"is","start":10916.31,"end":10916.47},{"text":"responsive","start":10916.47,"end":10917.03},{"text":"to","start":10917.03,"end":10917.15},{"text":"countries'","start":10917.15,"end":10917.67},{"text":"diverse","start":10917.67,"end":10918.15},{"text":"needs","start":10918.15,"end":10918.39},{"text":"and","start":10918.63,"end":10918.83},{"text":"vulnerabilities.","start":10918.83,"end":10919.75}]},{"text":"In this context, Armenia supports the development of a strategic plan of action for mixed through an inclusive and member state driven processes.","start":10919.99,"end":10926.79,"topics":[{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."}],"words":[{"text":"In","start":10919.99,"end":10920.15},{"text":"this","start":10920.15,"end":10920.31},{"text":"context,","start":10920.31,"end":10920.87},{"text":"Armenia","start":10921.07,"end":10921.43},{"text":"supports","start":10921.43,"end":10921.83},{"text":"the","start":10921.83,"end":10921.91},{"text":"development","start":10921.91,"end":10922.47},{"text":"of","start":10922.47,"end":10922.59},{"text":"a","start":10922.59,"end":10922.63},{"text":"strategic","start":10922.63,"end":10923.19},{"text":"plan","start":10923.19,"end":10923.43},{"text":"of","start":10923.43,"end":10923.59},{"text":"action","start":10923.59,"end":10923.91},{"text":"for","start":10923.91,"end":10924.07},{"text":"mixed","start":10924.07,"end":10924.43},{"text":"through","start":10924.43,"end":10924.55},{"text":"an","start":10924.55,"end":10924.63},{"text":"inclusive","start":10924.63,"end":10925.15},{"text":"and","start":10925.15,"end":10925.27},{"text":"member","start":10925.27,"end":10925.59},{"text":"state","start":10925.59,"end":10925.79},{"text":"driven","start":10925.79,"end":10926.11},{"text":"processes.","start":10926.11,"end":10926.79}]},{"text":"Anchored in national priorities and ownership, it should strengthen coordinated UN support, facilitate access to financing, technology, and capacity building, and advance implementation of existing commitments without duplicating frameworks or creating additional reporting burdens.","start":10927.31,"end":10942.19,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and 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will continue its active engagement with the like-minded group of MIX and with other partners to advance practical, tailored responses to their development 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that a stable, inclusive and development-oriented global economic environment is indispensable to achieving the Sustainable Development 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countries continue to face high borrowing costs, constrained fiscal space and limited access to affordable long-term financing.","start":10978.23,"end":10987.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. 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development."}],"words":[{"text":"Chair,","start":11153.59,"end":11154.03},{"text":"the","start":11154.15,"end":11154.27},{"text":"international","start":11154.27,"end":11154.79},{"text":"economy","start":11154.79,"end":11155.27},{"text":"is","start":11155.75,"end":11156.07},{"text":"undergoing","start":11156.07,"end":11156.47},{"text":"exceptional","start":11156.47,"end":11156.95},{"text":"circumstances","start":11156.95,"end":11157.91},{"text":"marked","start":11158.79,"end":11159.19},{"text":"by","start":11159.19,"end":11159.51},{"text":"a","start":11159.99,"end":11160.03},{"text":"slow","start":11160.03,"end":11160.55},{"text":"in","start":11160.71,"end":11161.03},{"text":"growth","start":11161.03,"end":11161.67},{"text":"and","start":11162.79,"end":11163.11},{"text":"a","start":11163.11,"end":11163.15},{"text":"drop","start":11163.15,"end":11163.51},{"text":"in","start":11163.51,"end":11163.67},{"text":"development","start":11163.67,"end":11164.15},{"text":"assistance.","start":11164.15,"end":11164.79}]},{"text":"In order to address this, Kuwait calls for a reform of the international financial architecture To strengthen the representation of developing countries, we affirm the need to grant concessional financing and to reallocate special drawing rights and guarantee financing in order to build capacity without increasing the debt burden.","start":11164.79,"end":11193.11,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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protecting what has been achieved.","start":11193.43,"end":11196.47,"topics":[],"words":[{"text":"Chair,","start":11193.43,"end":11193.87},{"text":"protecting","start":11194.07,"end":11194.87},{"text":"what","start":11195.07,"end":11195.43},{"text":"has","start":11195.43,"end":11195.59},{"text":"been","start":11195.59,"end":11195.83},{"text":"achieved.","start":11195.83,"end":11196.47}]},{"text":"must be done through maritime security and freedom of navigation.","start":11197.23,"end":11201.23,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"must","start":11197.23,"end":11197.47},{"text":"be","start":11197.47,"end":11197.79},{"text":"done","start":11197.87,"end":11198.59},{"text":"through","start":11198.59,"end":11199.15},{"text":"maritime","start":11199.39,"end":11199.75},{"text":"security","start":11199.75,"end":11200.11},{"text":"and","start":11200.11,"end":11200.23},{"text":"freedom","start":11200.23,"end":11200.47},{"text":"of","start":11200.47,"end":11200.55},{"text":"navigation.","start":11200.55,"end":11201.23}]},{"text":"Resolution of the Security Council 2817.","start":11201.23,"end":11203.63,"topics":[],"words":[{"text":"Resolution","start":11201.23,"end":11201.83},{"text":"of","start":11201.83,"end":11201.91},{"text":"the","start":11201.91,"end":11201.99},{"text":"Security","start":11201.99,"end":11202.35},{"text":"Council","start":11202.35,"end":11202.59},{"text":"2817.","start":11202.59,"end":11203.63}]},{"text":"In accordance with that resolution, Kuwait condemns Iran's closure of the Strait of Hormuz, which jeopardizes freedom of navigation and maritime security through its proxies in the region.","start":11203.87,"end":11214.11,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"In","start":11203.87,"end":11204.11},{"text":"accordance","start":11204.11,"end":11204.43},{"text":"with","start":11204.43,"end":11204.55},{"text":"that","start":11204.55,"end":11204.67},{"text":"resolution,","start":11204.67,"end":11205.47},{"text":"Kuwait","start":11205.63,"end":11206.19},{"text":"condemns","start":11206.19,"end":11206.79},{"text":"Iran's","start":11206.79,"end":11207.11},{"text":"closure","start":11207.11,"end":11207.39},{"text":"of","start":11207.39,"end":11207.47},{"text":"the","start":11207.47,"end":11207.55},{"text":"Strait","start":11207.55,"end":11207.75},{"text":"of","start":11207.75,"end":11207.83},{"text":"Hormuz,","start":11207.83,"end":11208.19},{"text":"which","start":11208.19,"end":11208.43},{"text":"jeopardizes","start":11208.75,"end":11209.47},{"text":"freedom","start":11209.47,"end":11209.75},{"text":"of","start":11209.75,"end":11209.83},{"text":"navigation","start":11209.83,"end":11210.39},{"text":"and","start":11210.39,"end":11210.51},{"text":"maritime","start":11210.51,"end":11210.91},{"text":"security","start":11210.91,"end":11211.79},{"text":"through","start":11212.67,"end":11212.83},{"text":"its","start":11212.83,"end":11212.99},{"text":"proxies","start":11212.99,"end":11213.31},{"text":"in","start":11213.31,"end":11213.39},{"text":"the","start":11213.39,"end":11213.51},{"text":"region.","start":11213.51,"end":11214.11}]},{"text":"This closure is interrupting supply chains and leading to heightened costs.","start":11214.11,"end":11222.59,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"This","start":11214.11,"end":11214.43},{"text":"closure","start":11214.43,"end":11215.27},{"text":"is","start":11216.67,"end":11216.91},{"text":"interrupting","start":11216.91,"end":11217.79},{"text":"supply","start":11218.35,"end":11218.83},{"text":"chains","start":11218.83,"end":11219.47},{"text":"and","start":11220.11,"end":11220.19},{"text":"leading","start":11220.19,"end":11220.75},{"text":"to","start":11220.75,"end":11221.39},{"text":"heightened","start":11221.39,"end":11221.95},{"text":"costs.","start":11221.95,"end":11222.59}]},{"text":"We call for guaranteeing maritime security and freedom of navigation in accordance with international law and UNCLOS.","start":11222.75,"end":11228.99,"topics":[{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."}],"words":[{"text":"We","start":11222.75,"end":11223.07},{"text":"call","start":11223.07,"end":11223.39},{"text":"for","start":11223.39,"end":11223.71},{"text":"guaranteeing","start":11223.71,"end":11224.43},{"text":"maritime","start":11224.43,"end":11224.75},{"text":"security","start":11224.75,"end":11225.71},{"text":"and","start":11225.71,"end":11225.99},{"text":"freedom","start":11225.99,"end":11226.27},{"text":"of","start":11226.27,"end":11226.35},{"text":"navigation","start":11226.35,"end":11226.83},{"text":"in","start":11226.83,"end":11226.91},{"text":"accordance","start":11226.91,"end":11227.27},{"text":"with","start":11227.27,"end":11227.39},{"text":"international","start":11227.39,"end":11227.87},{"text":"law","start":11227.87,"end":11227.95},{"text":"and","start":11227.95,"end":11228.07},{"text":"UNCLOS.","start":11228.07,"end":11228.99}]},{"text":"Kuwait is using its experience to strengthen its ability to address these challenges.","start":11229.31,"end":11235.87,"topics":[],"words":[{"text":"Kuwait","start":11229.31,"end":11229.95},{"text":"is","start":11230.43,"end":11230.83},{"text":"using","start":11230.83,"end":11231.31},{"text":"its","start":11231.31,"end":11231.47},{"text":"experience","start":11231.47,"end":11232.27},{"text":"to","start":11232.51,"end":11232.83},{"text":"strengthen","start":11232.83,"end":11233.39},{"text":"its","start":11233.39,"end":11233.63},{"text":"ability","start":11233.63,"end":11234.35},{"text":"to","start":11234.35,"end":11234.71},{"text":"address","start":11234.71,"end":11234.99},{"text":"these","start":11234.99,"end":11235.23},{"text":"challenges.","start":11235.23,"end":11235.87}]},{"text":"The Kuwait Fund for Development has, since it was established in 1990, has contributed to the financing of more than 1,000 projects in many countries.","start":11235.87,"end":11249.63,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"We","start":11262.11,"end":11262.27},{"text":"recently","start":11262.27,"end":11262.67},{"text":"launched","start":11262.67,"end":11263.03},{"text":"a","start":11263.03,"end":11263.07},{"text":"rapid","start":11263.07,"end":11263.39},{"text":"response","start":11263.39,"end":11263.87},{"text":"fund","start":11263.87,"end":11264.27},{"text":"in","start":11264.27,"end":11264.51},{"text":"order","start":11264.51,"end":11264.75},{"text":"to","start":11264.75,"end":11265.07},{"text":"guarantee","start":11265.31,"end":11266.35},{"text":"the","start":11266.67,"end":11266.87},{"text":"continuity","start":11266.91,"end":11267.75},{"text":"of","start":11267.75,"end":11267.87},{"text":"basic","start":11267.87,"end":11268.27},{"text":"services","start":11268.27,"end":11268.75},{"text":"in","start":11268.75,"end":11268.91},{"text":"crisis","start":11268.91,"end":11269.35},{"text":"situations.","start":11269.35,"end":11270.35}]},{"text":"We need to talk about the humanitarian crisis in Gaza.","start":11271.71,"end":11276.43,"topics":[],"words":[{"text":"We","start":11271.71,"end":11272.11},{"text":"need","start":11272.51,"end":11272.83},{"text":"to","start":11272.83,"end":11273.03},{"text":"talk","start":11273.03,"end":11273.15},{"text":"about","start":11273.15,"end":11273.71},{"text":"the","start":11273.71,"end":11273.83},{"text":"humanitarian","start":11273.83,"end":11274.51},{"text":"crisis","start":11274.51,"end":11274.91},{"text":"in","start":11274.91,"end":11274.99},{"text":"Gaza.","start":11274.99,"end":11276.43}]},{"text":"92% of infrastructure has been affected.","start":11276.75,"end":11279.07,"topics":[],"words":[{"text":"92%","start":11276.75,"end":11276.79},{"text":"of","start":11276.79,"end":11277.15},{"text":"infrastructure","start":11277.47,"end":11278.07},{"text":"has","start":11278.07,"end":11278.19},{"text":"been","start":11278.19,"end":11278.39},{"text":"affected.","start":11278.39,"end":11279.07}]},{"text":"The unemployment rate is greater than 90 percent.","start":11280.03,"end":11283.27,"topics":[],"words":[{"text":"The","start":11280.03,"end":11280.07},{"text":"unemployment","start":11280.27,"end":11280.99},{"text":"rate","start":11281.07,"end":11281.79},{"text":"is","start":11281.79,"end":11281.95},{"text":"greater","start":11281.95,"end":11282.19},{"text":"than","start":11282.19,"end":11282.31},{"text":"90","start":11282.31,"end":11282.63},{"text":"percent.","start":11282.63,"end":11283.27}]},{"text":"Damage has reached more than 1.5 billion dollars.","start":11283.27,"end":11286.67,"topics":[],"words":[{"text":"Damage","start":11283.27,"end":11283.79},{"text":"has","start":11284.27,"end":11284.43},{"text":"reached","start":11284.43,"end":11284.75},{"text":"more","start":11285.31,"end":11285.43},{"text":"than","start":11285.43,"end":11285.71},{"text":"1.5","start":11285.71,"end":11286.03},{"text":"billion","start":11286.03,"end":11286.35},{"text":"dollars.","start":11286.35,"end":11286.67}]},{"text":"The State of Kuwait calls for support for the Palestinian economy and a guaranteeing of humanitarian assistance and for the strengthening of Palestinian organizations by supporting reconstruction efforts.","start":11286.67,"end":11297.15,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and 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conclusion, we affirm that development is a responsibility, a shared responsibility that requires a reform of the international economic system in order to make sure that no state is left behind.","start":11297.15,"end":11308.95,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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morning.","start":11313.51,"end":11318.67,"topics":[],"words":[{"text":"I","start":11313.51,"end":11313.75},{"text":"now","start":11313.75,"end":11313.99},{"text":"give","start":11313.99,"end":11314.15},{"text":"the","start":11314.15,"end":11314.23},{"text":"floor","start":11314.23,"end":11314.39},{"text":"to","start":11314.39,"end":11314.47},{"text":"the","start":11314.47,"end":11314.59},{"text":"distinguished","start":11314.59,"end":11315.07},{"text":"representative","start":11315.07,"end":11315.67},{"text":"of","start":11315.67,"end":11315.99},{"text":"Costa","start":11315.99,"end":11316.31},{"text":"Rica,","start":11316.31,"end":11316.71},{"text":"who","start":11316.71,"end":11316.91},{"text":"will","start":11316.91,"end":11317.03},{"text":"be","start":11317.03,"end":11317.19},{"text":"the","start":11317.19,"end":11317.31},{"text":"last","start":11317.31,"end":11317.59},{"text":"speaker","start":11317.59,"end":11318.07},{"text":"for","start":11318.07,"end":11318.23},{"text":"this","start":11318.23,"end":11318.35},{"text":"morning.","start":11318.35,"end":11318.67}]}]}],"speaker":{"affiliation":"2nd 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ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}],"words":[{"text":"Mr.","start":11325.03,"end":11325.35},{"text":"Chair,","start":11325.35,"end":11325.75},{"text":"the","start":11325.75,"end":11325.87},{"text":"annual","start":11325.87,"end":11326.55},{"text":"funding","start":11326.79,"end":11327.35},{"text":"gap","start":11327.35,"end":11327.75},{"text":"to","start":11327.75,"end":11327.87},{"text":"achieve","start":11327.87,"end":11328.47},{"text":"the","start":11328.47,"end":11328.71},{"text":"Sustainable","start":11328.79,"end":11329.31},{"text":"Development","start":11329.31,"end":11329.75},{"text":"Goals","start":11329.75,"end":11330.23},{"text":"is","start":11330.55,"end":11331.03},{"text":"more","start":11331.03,"end":11331.43},{"text":"than","start":11331.51,"end":11332.07},{"text":"$4","start":11333.19,"end":11333.23},{"text":"trillion.","start":11333.27,"end":11334.15}]},{"text":"At the same time, the reduction in official development assistance and growing debt service is reducing the fiscal space of developing countries.","start":11334.15,"end":11345.75,"topics":[{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt 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situation is obvious.","start":11347.19,"end":11350.15,"topics":[],"words":[{"text":"This","start":11347.19,"end":11347.71},{"text":"situation","start":11347.71,"end":11348.31},{"text":"is","start":11348.31,"end":11348.87},{"text":"obvious.","start":11349.59,"end":11350.15}]},{"text":"despite states' efforts to put their finances in order, for example, through more advantageous loans that release more resources for development.","start":11350.79,"end":11361.31,"topics":[],"words":[{"text":"despite","start":11350.79,"end":11351.71},{"text":"states'","start":11352.11,"end":11352.51},{"text":"efforts","start":11352.51,"end":11352.95},{"text":"to","start":11352.95,"end":11353.15},{"text":"put","start":11353.15,"end":11353.39},{"text":"their","start":11353.39,"end":11353.51},{"text":"finances","start":11353.51,"end":11354.19},{"text":"in","start":11354.19,"end":11354.43},{"text":"order,","start":11354.43,"end":11354.91},{"text":"for","start":11354.91,"end":11355.11},{"text":"example,","start":11355.11,"end":11355.87},{"text":"through","start":11355.87,"end":11356.27},{"text":"more","start":11356.51,"end":11356.91},{"text":"advantageous","start":11356.91,"end":11358.11},{"text":"loans","start":11358.11,"end":11358.59},{"text":"that","start":11358.59,"end":11358.83},{"text":"release","start":11358.83,"end":11359.23},{"text":"more","start":11359.55,"end":11359.75},{"text":"resources","start":11359.75,"end":11360.27},{"text":"for","start":11360.27,"end":11360.47},{"text":"development.","start":11360.47,"end":11361.31}]},{"text":"Allow me to refer to the following.","start":11361.99,"end":11363.47,"topics":[],"words":[{"text":"Allow","start":11361.99,"end":11362.15},{"text":"me","start":11362.15,"end":11362.35},{"text":"to","start":11362.35,"end":11362.47},{"text":"refer","start":11362.47,"end":11362.71},{"text":"to","start":11362.71,"end":11362.83},{"text":"the","start":11362.83,"end":11362.91},{"text":"following.","start":11362.91,"end":11363.47}]},{"text":"First of all, we must make progress on reform of the international financial architecture.","start":11364.59,"end":11369.11,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable 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Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"Second,","start":11447.15,"end":11447.87},{"text":"we","start":11447.87,"end":11448.03},{"text":"need","start":11448.03,"end":11448.19},{"text":"to","start":11448.19,"end":11448.31},{"text":"make","start":11448.31,"end":11448.51},{"text":"sure","start":11448.51,"end":11448.99},{"text":"that","start":11448.99,"end":11449.43},{"text":"debt","start":11449.43,"end":11449.79},{"text":"is","start":11449.79,"end":11450.19},{"text":"compatible","start":11450.19,"end":11450.91},{"text":"with","start":11450.91,"end":11451.19},{"text":"development.","start":11451.19,"end":11451.95}]},{"text":"Debt servicing cannot continue to displace essential resources for health care, education, social protection and sustainable investment.","start":11452.87,"end":11462.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Debt","start":11452.87,"end":11453.15},{"text":"servicing","start":11453.15,"end":11453.79},{"text":"cannot","start":11453.79,"end":11454.27},{"text":"continue","start":11454.27,"end":11455.23},{"text":"to","start":11455.23,"end":11455.31},{"text":"displace","start":11456.27,"end":11456.99},{"text":"essential","start":11456.99,"end":11457.43},{"text":"resources","start":11457.43,"end":11458.11},{"text":"for","start":11458.11,"end":11458.43},{"text":"health","start":11458.43,"end":11458.75},{"text":"care,","start":11458.75,"end":11459.07},{"text":"education,","start":11459.23,"end":11460.11},{"text":"social","start":11460.11,"end":11460.35},{"text":"protection","start":11460.35,"end":11460.91},{"text":"and","start":11460.91,"end":11461.19},{"text":"sustainable","start":11461.19,"end":11461.71},{"text":"investment.","start":11461.71,"end":11462.35}]},{"text":"We need more rapid and predictable mechanisms, greater transparency, and solutions that preserve the ability of states to invest in their development.","start":11462.91,"end":11473.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."}],"words":[{"text":"We","start":11462.91,"end":11462.99},{"text":"need","start":11462.99,"end":11463.39},{"text":"more","start":11463.39,"end":11463.87},{"text":"rapid","start":11464.23,"end":11464.67},{"text":"and","start":11464.67,"end":11464.79},{"text":"predictable","start":11464.79,"end":11465.39},{"text":"mechanisms,","start":11465.39,"end":11466.19},{"text":"greater","start":11466.19,"end":11466.59},{"text":"transparency,","start":11466.59,"end":11467.71},{"text":"and","start":11467.95,"end":11468.19},{"text":"solutions","start":11468.19,"end":11468.95},{"text":"that","start":11468.95,"end":11469.19},{"text":"preserve","start":11469.19,"end":11469.63},{"text":"the","start":11469.63,"end":11469.75},{"text":"ability","start":11469.75,"end":11470.27},{"text":"of","start":11470.27,"end":11470.35},{"text":"states","start":11470.35,"end":11470.83},{"text":"to","start":11470.83,"end":11471.23},{"text":"invest","start":11471.23,"end":11472.11},{"text":"in","start":11472.27,"end":11472.51},{"text":"their","start":11472.51,"end":11472.71},{"text":"development.","start":11472.71,"end":11473.55}]},{"text":"Third, we need to mobilize public and private investment for sustainable development.","start":11473.87,"end":11479.31,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Third,","start":11473.87,"end":11474.27},{"text":"we","start":11474.75,"end":11474.99},{"text":"need","start":11474.99,"end":11475.23},{"text":"to","start":11475.23,"end":11475.35},{"text":"mobilize","start":11475.35,"end":11476.11},{"text":"public","start":11476.35,"end":11476.83},{"text":"and","start":11476.83,"end":11477.07},{"text":"private","start":11477.07,"end":11477.47},{"text":"investment","start":11477.47,"end":11478.03},{"text":"for","start":11478.03,"end":11478.27},{"text":"sustainable","start":11478.27,"end":11478.71},{"text":"development.","start":11478.71,"end":11479.31}]},{"text":"Combined financing, guarantees, and other risk distribution, risk allocation instruments can help to mobilize capital provided that they produce a real and measurable impact on development and are in line with national priorities.","start":11480.35,"end":11496.23,"topics":[{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."}],"words":[{"text":"Combined","start":11480.35,"end":11480.91},{"text":"financing,","start":11480.91,"end":11481.71},{"text":"guarantees,","start":11481.99,"end":11482.75},{"text":"and","start":11482.83,"end":11483.15},{"text":"other","start":11483.15,"end":11483.71},{"text":"risk","start":11484.47,"end":11484.71},{"text":"distribution,","start":11484.71,"end":11485.47},{"text":"risk","start":11485.47,"end":11485.63},{"text":"allocation","start":11485.63,"end":11486.07},{"text":"instruments","start":11486.07,"end":11486.79},{"text":"can","start":11486.79,"end":11487.11},{"text":"help","start":11487.11,"end":11487.43},{"text":"to","start":11487.43,"end":11487.59},{"text":"mobilize","start":11487.59,"end":11488.15},{"text":"capital","start":11488.15,"end":11488.79},{"text":"provided","start":11489.03,"end":11489.71},{"text":"that","start":11489.71,"end":11490.15},{"text":"they","start":11490.23,"end":11490.55},{"text":"produce","start":11490.55,"end":11491.11},{"text":"a","start":11491.11,"end":11491.15},{"text":"real","start":11491.15,"end":11491.55},{"text":"and","start":11491.55,"end":11491.67},{"text":"measurable","start":11491.67,"end":11492.31},{"text":"impact","start":11492.31,"end":11492.75},{"text":"on","start":11492.75,"end":11492.87},{"text":"development","start":11492.87,"end":11493.59},{"text":"and","start":11493.67,"end":11494.07},{"text":"are","start":11494.39,"end":11494.55},{"text":"in","start":11494.55,"end":11494.63},{"text":"line","start":11494.63,"end":11494.83},{"text":"with","start":11494.83,"end":11495.03},{"text":"national","start":11495.03,"end":11495.43},{"text":"priorities.","start":11495.43,"end":11496.23}]},{"text":"Mr. Chair, the Seville commitment provides us with a roadmap.","start":11496.87,"end":11502.07,"topics":[],"words":[{"text":"Mr.","start":11496.87,"end":11497.27},{"text":"Chair,","start":11497.27,"end":11497.51},{"text":"the","start":11497.67,"end":11497.91},{"text":"Seville","start":11498.39,"end":11498.95},{"text":"commitment","start":11499.19,"end":11500.15},{"text":"provides","start":11500.87,"end":11501.31},{"text":"us","start":11501.31,"end":11501.43},{"text":"with","start":11501.43,"end":11501.55},{"text":"a","start":11501.55,"end":11501.59},{"text":"roadmap.","start":11501.59,"end":11502.07}]}]}],"speaker":{"affiliation":"CRI","group":null,"function":null,"affiliation_full":"Costa Rica"}},{"statement_number":93,"start":11504.23,"pageUrl":"/ar/ga/c2/81/7?lang=en&t=3:11:45","paragraphs":[{"sentences":[{"text":"I thank the representative of Costa Rica.","start":11504.23,"end":11506.87,"topics":[],"words":[{"text":"I","start":11504.23,"end":11504.47},{"text":"thank","start":11504.55,"end":11504.95},{"text":"the","start":11504.95,"end":11505.03},{"text":"representative","start":11505.03,"end":11505.83},{"text":"of","start":11505.83,"end":11506.07},{"text":"Costa","start":11506.07,"end":11506.39},{"text":"Rica.","start":11506.39,"end":11506.87}]},{"text":"We have heard the last speaker for this morning.","start":11508.15,"end":11510.79,"topics":[],"words":[{"text":"We","start":11508.15,"end":11508.39},{"text":"have","start":11508.39,"end":11508.71},{"text":"heard","start":11508.71,"end":11508.99},{"text":"the","start":11508.99,"end":11509.07},{"text":"last","start":11509.07,"end":11509.31},{"text":"speaker","start":11509.31,"end":11509.83},{"text":"for","start":11509.91,"end":11510.11},{"text":"this","start":11510.11,"end":11510.31},{"text":"morning.","start":11510.31,"end":11510.79}]},{"text":"The committee will reconvene this afternoon at 3:00 p.m. in this room to conclude the joint general discussion of agenda items 15 and 16.","start":11511.87,"end":11519.95,"topics":[],"words":[{"text":"The","start":11511.87,"end":11511.91},{"text":"committee","start":11511.95,"end":11512.43},{"text":"will","start":11512.43,"end":11512.59},{"text":"reconvene","start":11512.59,"end":11513.15},{"text":"this","start":11513.15,"end":11513.35},{"text":"afternoon","start":11513.35,"end":11513.95},{"text":"at","start":11513.95,"end":11514.35},{"text":"3:00","start":11514.35,"end":11514.39},{"text":"p.m.","start":11514.43,"end":11514.91},{"text":"in","start":11514.91,"end":11515.15},{"text":"this","start":11515.15,"end":11515.39},{"text":"room","start":11515.39,"end":11515.71},{"text":"to","start":11515.95,"end":11516.07},{"text":"conclude","start":11516.07,"end":11516.39},{"text":"the","start":11516.39,"end":11516.47},{"text":"joint","start":11516.47,"end":11516.71},{"text":"general","start":11516.71,"end":11516.99},{"text":"discussion","start":11516.99,"end":11517.55},{"text":"of","start":11517.55,"end":11517.87},{"text":"agenda","start":11517.87,"end":11518.19},{"text":"items","start":11518.19,"end":11518.51},{"text":"15","start":11518.51,"end":11519.15},{"text":"and","start":11519.15,"end":11519.39},{"text":"16.","start":11519.39,"end":11519.95}]},{"text":"Please consult the live list of speakers for the latest list.","start":11520.55,"end":11524.11,"topics":[],"words":[{"text":"Please","start":11520.55,"end":11520.91},{"text":"consult","start":11520.91,"end":11521.31},{"text":"the","start":11521.31,"end":11521.43},{"text":"live","start":11521.43,"end":11521.63},{"text":"list","start":11521.63,"end":11522.03},{"text":"of","start":11522.03,"end":11522.19},{"text":"speakers","start":11522.19,"end":11522.83},{"text":"for","start":11522.83,"end":11522.99},{"text":"the","start":11522.99,"end":11523.11},{"text":"latest","start":11523.11,"end":11523.63},{"text":"list.","start":11523.63,"end":11524.11}]},{"text":"I remind delegations that the deadline for the submission of draft proposals under agenda item 15 and its sub-items A to D and agenda item 16 is Monday, 12 October at 3:00 p.m.","start":11524.67,"end":11537.87,"topics":[],"words":[{"text":"I","start":11524.67,"end":11524.83},{"text":"remind","start":11524.83,"end":11525.27},{"text":"delegations","start":11525.27,"end":11525.95},{"text":"that","start":11525.95,"end":11526.07},{"text":"the","start":11526.07,"end":11526.15},{"text":"deadline","start":11526.15,"end":11526.83},{"text":"for","start":11526.83,"end":11526.99},{"text":"the","start":11526.99,"end":11527.07},{"text":"submission","start":11527.07,"end":11527.71},{"text":"of","start":11527.71,"end":11528.03},{"text":"draft","start":11528.03,"end":11528.55},{"text":"proposals","start":11528.55,"end":11529.23},{"text":"under","start":11529.23,"end":11529.51},{"text":"agenda","start":11529.51,"end":11529.79},{"text":"item","start":11529.79,"end":11530.11},{"text":"15","start":11530.11,"end":11530.67},{"text":"and","start":11530.67,"end":11530.87},{"text":"its","start":11530.87,"end":11531.03},{"text":"sub-items","start":11531.03,"end":11531.79},{"text":"A","start":11532.03,"end":11532.07},{"text":"to","start":11532.07,"end":11532.35},{"text":"D","start":11532.35,"end":11532.83},{"text":"and","start":11533.15,"end":11533.47},{"text":"agenda","start":11533.47,"end":11533.75},{"text":"item","start":11533.75,"end":11534.03},{"text":"16","start":11534.03,"end":11534.67},{"text":"is","start":11534.67,"end":11535.07},{"text":"Monday,","start":11535.15,"end":11535.71},{"text":"12","start":11535.95,"end":11536.31},{"text":"October","start":11536.31,"end":11536.91},{"text":"at","start":11536.91,"end":11537.39},{"text":"3:00","start":11537.39,"end":11537.43},{"text":"p.m.","start":11537.43,"end":11537.87}]},{"text":"And the deadline for sub-items E to G of Item 15 is Wednesday, 14th October at 3:00 PM.","start":11538.51,"end":11545.51,"topics":[],"words":[{"text":"And","start":11538.51,"end":11538.67},{"text":"the","start":11538.67,"end":11538.75},{"text":"deadline","start":11538.75,"end":11539.23},{"text":"for","start":11539.23,"end":11539.39},{"text":"sub-items","start":11539.39,"end":11540.11},{"text":"E","start":11540.11,"end":11540.43},{"text":"to","start":11540.43,"end":11540.63},{"text":"G","start":11540.71,"end":11541.15},{"text":"of","start":11541.63,"end":11541.83},{"text":"Item","start":11541.83,"end":11542.15},{"text":"15","start":11542.15,"end":11542.63},{"text":"is","start":11542.63,"end":11542.79},{"text":"Wednesday,","start":11542.79,"end":11543.35},{"text":"14th","start":11543.35,"end":11543.87},{"text":"October","start":11543.87,"end":11544.47},{"text":"at","start":11544.47,"end":11544.95},{"text":"3:00","start":11544.95,"end":11544.99},{"text":"PM.","start":11545.03,"end":11545.51}]},{"text":"The meeting is adjourned.","start":11546.07,"end":11547.35,"topics":[],"words":[{"text":"The","start":11546.07,"end":11546.23},{"text":"meeting","start":11546.23,"end":11546.63},{"text":"is","start":11546.63,"end":11546.83},{"text":"adjourned.","start":11546.83,"end":11547.35}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}}],"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Tax Cooperation","description":"Several speakers highlighted illicit financial flows as a major drain on development resources and called for stronger international coordination, data sharing, asset recovery, and regulatory cooperation. They also linked this issue to more inclusive international tax cooperation and stronger domestic resource mobilization."},{"key":"maritime-security","label":"Maritime Security and Trade Routes","description":"Multiple statements linked disruptions in key sea lanes, especially the Strait of Hormuz and Bab al-Mandab, to higher shipping, energy, fertilizer, and food costs. Maritime security was framed as a development issue because trade and energy disruptions hit vulnerable developing countries hardest."},{"key":"multilateral-trade","label":"Multilateral Trading System","description":"Delegations repeatedly stressed the importance of a universal, rules-based, open, and non-discriminatory trading system with the WTO at its core. Discussion covered trade uncertainty, tariffs and other barriers, supply-chain disruptions, and the need to help developing countries diversify and participate in global markets."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements focused on rising debt-service burdens, high borrowing costs, and the need for fairer, faster, and more predictable debt restructuring. Delegations also discussed debt swaps, debt pause clauses, the Borrowers Platform, and reforms to the international debt architecture."},{"key":"productive-investment","label":"Productive Investment and Structural Transformation","description":"The proceeding discussed how investment should support diversification, industrialization, technology transfer, infrastructure, and value addition rather than remain concentrated in a few countries or sectors. Speakers emphasized attracting strategic and SDG-aligned investment, including for manufacturing, digital infrastructure, critical minerals, and MSMEs."},{"key":"vulnerability-metrics","label":"Vulnerability-Based Access to Finance","description":"A recurring theme was that income per capita alone does not reflect the real vulnerabilities of SIDS, middle-income countries, and countries in transition. Speakers urged wider use of multidimensional vulnerability measures and broader criteria beyond GDP when determining access to concessional finance and development support."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Speakers called for reforms to the global financial system, including stronger voice and representation for developing countries in international financial institutions, a more effective global financial safety net, and better access to affordable and predictable finance."},{"key":"official-development-assistance","label":"Official Development Assistance","description":"Many delegations expressed concern over the decline in official development assistance and called on developed countries to meet existing commitments. ODA was presented as essential, especially for LDCs, SIDS, crisis-affected countries, and for preserving fiscal space for basic services and development."}]}}