{"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/en/asset/k10/k100hn2hrf","llms":{"note":"Plain-text sibling of this page, compact for LLM context. For the full API guide (search, listing, URL grammar) see /llms.txt.","textUrl":"/en/asset/k10/k100hn2hrf.txt","guide":"/llms.txt"},"video":{"id":"k10/k100hn2hrf","kaltura_id":"1_00hn2hrf","title":"(3rd informal meeting) Preparatory Committee for the Fourth International Conference on Financing for Development, Third Session","clean_title":"(3rd informal meeting) Preparatory Committee for the Fourth International Conference on Financing for Development, Third Session","url":"https://webtv.un.org/en/asset/k10/k100hn2hrf","date":"2025-02-11T00:00:00.000Z","scheduled_time":"2025-02-11T20:00:00.000Z","status":"finished","duration":"03:05:54","category":"Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k10/k100hn2hrf"},"metadata":{"summary":"The Third Session of the Preparatory Committee for the Fourth International Conference on Financing for Development will be held at the United Nations Headquarters in New York from 10 to 14 February 2025.","description":"Consideration of the draft outcome document of the Conference\n\nThe Fourth International Conference on Financing for Development (FfD4) will take place in Seville, Spain from 30 June to 3 July, 2025. The Conference will address new and emerging issues, and the urgent need to fully implement the Sustainable Development Goals, and support reform of the international financial architecture.\nFfD4 will assess the progress made in the implementation of the Monterrey Consensus, the Doha Declaration and the Addis Ababa Action agenda.","categories":["Meetings & Events","Conferences","International Conference on Financing for Development","Fourth Session"],"geographic_subject":[],"subject_topical":["DEVELOPMENT FINANCE","SOCIAL DEVELOPMENT","SUSTAINABLE DEVELOPMENT GOALS","2030 AGENDA"],"corporate_name":[],"speaker_affiliation":[],"related_documents":[{"title":"Third Preparatory Committee Session for FfD4 website","url":"https://financing.desa.un.org/preparatory-process-ffd4/third-prepcom"},{"title":"Proposed organization of work of the third session of the Preparatory Committee","url":"https://s3.us-west-2.amazonaws.com/teamup-filestack-temp/temp%2Fc133XxBAQYi46I1v1yph_3rd-prep-com-ffd4.pdf"}]},"transcript":{"transcript_id":"azure-llm-speech-1f76e75d-50f1-4b7f-9eb6-244cb4c9509f","language":"en","data":[{"statement_number":1,"start":1.15,"pageUrl":"/en/asset/k10/k100hn2hrf?t=2","paragraphs":[{"sentences":[{"text":"Good afternoon everybody.","start":1.15,"end":2.75,"topics":[],"words":[{"text":"Good","start":1.15,"end":1.39},{"text":"afternoon","start":1.39,"end":1.95},{"text":"everybody.","start":1.95,"end":2.75}]},{"text":"May I ask you to find your seats so that we can start?","start":3.31,"end":7.47,"topics":[],"words":[{"text":"May","start":3.31,"end":3.55},{"text":"I","start":3.55,"end":3.87},{"text":"ask","start":3.91,"end":4.19},{"text":"you","start":4.19,"end":4.35},{"text":"to","start":4.35,"end":4.55},{"text":"find","start":4.55,"end":4.99},{"text":"your","start":4.99,"end":5.15},{"text":"seats","start":5.15,"end":5.75},{"text":"so","start":5.75,"end":5.87},{"text":"that","start":5.87,"end":6.19},{"text":"we","start":6.19,"end":6.43},{"text":"can","start":6.43,"end":6.75},{"text":"start?","start":6.75,"end":7.47}]},{"text":"We have not yet finished the reading of the chapter on domestic resource mobilisation, I have to look.","start":8.91,"end":22.91,"topics":[],"words":[{"text":"We","start":8.91,"end":9.23},{"text":"have","start":9.23,"end":9.79},{"text":"not","start":10.67,"end":11.07},{"text":"yet","start":11.07,"end":11.47},{"text":"finished","start":11.47,"end":12.43},{"text":"the","start":13.07,"end":13.23},{"text":"reading","start":13.23,"end":13.87},{"text":"of","start":13.95,"end":14.51},{"text":"the","start":16.51,"end":16.63},{"text":"chapter","start":16.67,"end":17.35},{"text":"on","start":17.35,"end":17.63},{"text":"domestic","start":18.27,"end":19.23},{"text":"resource","start":19.87,"end":20.83},{"text":"mobilisation,","start":20.83,"end":21.99},{"text":"I","start":22.03,"end":22.19},{"text":"have","start":22.27,"end":22.51},{"text":"to","start":22.51,"end":22.63},{"text":"look.","start":22.63,"end":22.91}]},{"text":"So paragraphs 30 to 32, we still have a list of speakers for that 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time-wise.","start":55.27,"end":60.31,"topics":[],"words":[{"text":"And","start":55.27,"end":55.71},{"text":"we","start":55.91,"end":56.39},{"text":"are","start":57.11,"end":57.55},{"text":"really","start":57.55,"end":58.07},{"text":"lagging","start":58.07,"end":58.55},{"text":"behind","start":58.55,"end":59.43},{"text":"time-wise.","start":59.51,"end":60.31}]},{"text":"So that means we sent you some changes to the structure of the meeting during the lunch 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We will ask you to share your comments on the full chapter, not only half the chapter at a time, but the full 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the time available to groups to seven minutes to cover the full chapter and to individual states to four minutes covering the full 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way, we hope we will be able to finish the reading of that chapter by six o'clock tonight.","start":106.91,"end":113.55,"topics":[],"words":[{"text":"That","start":106.91,"end":107.23},{"text":"way,","start":107.23,"end":107.47},{"text":"we","start":107.47,"end":107.71},{"text":"hope","start":107.71,"end":107.99},{"text":"we","start":107.99,"end":108.11},{"text":"will","start":108.11,"end":108.35},{"text":"be","start":108.35,"end":108.51},{"text":"able","start":108.51,"end":109.07},{"text":"to","start":109.07,"end":109.23},{"text":"finish","start":109.23,"end":109.87},{"text":"the","start":110.03,"end":110.19},{"text":"reading","start":110.19,"end":110.55},{"text":"of","start":110.55,"end":110.67},{"text":"that","start":110.67,"end":110.95},{"text":"chapter","start":110.95,"end":111.55},{"text":"by","start":111.87,"end":112.11},{"text":"six","start":112.11,"end":112.51},{"text":"o'clock","start":112.51,"end":112.91},{"text":"tonight.","start":112.91,"end":113.55}]},{"text":"So let's see if this is doable.","start":114.19,"end":116.43,"topics":[],"words":[{"text":"So","start":114.19,"end":114.43},{"text":"let's","start":114.43,"end":114.87},{"text":"see","start":114.87,"end":115.15},{"text":"if","start":115.15,"end":115.39},{"text":"this","start":115.39,"end":115.63},{"text":"is","start":115.63,"end":115.79},{"text":"doable.","start":115.79,"end":116.43}]},{"text":"But for now, I'll give the floor to Ambassador Alicia and we continue on the reading of the paragraphs 30 to 32 that we did not finish before 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you very much, and it's my pleasure to give the floor to the delegation of Burkina Faso, 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LDCs.","start":154.67,"end":159.47,"topics":[],"words":[{"text":"As","start":154.67,"end":154.83},{"text":"you","start":154.83,"end":154.99},{"text":"said,","start":154.99,"end":155.27},{"text":"I'm","start":155.27,"end":155.47},{"text":"delivering","start":155.47,"end":155.95},{"text":"these","start":155.99,"end":156.27},{"text":"comments","start":157.07,"end":157.71},{"text":"on","start":157.79,"end":157.95},{"text":"behalf","start":157.95,"end":158.27},{"text":"of","start":158.35,"end":158.55},{"text":"the","start":158.55,"end":158.63},{"text":"LDCs.","start":158.63,"end":159.47}]},{"text":"aligning with the remark made by G77 and 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processes, and stress the need for dedicated capacity building to enable LDC effective participation in dialogue and implementation of resulting agreements.","start":169.99,"end":197.31,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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the inclusion of climate criteria in financing strategies reflects a clear commitment to sustainability and resilience in our economies.","start":381.79,"end":390.67,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"in","start":509.07,"end":509.23},{"text":"paragraph","start":509.23,"end":509.71},{"text":"thirty","start":509.71,"end":510.03},{"text":"one","start":510.03,"end":510.43},{"text":"we","start":510.51,"end":510.71},{"text":"request","start":510.71,"end":511.39},{"text":"to","start":512.03,"end":512.19},{"text":"add","start":512.19,"end":512.51},{"text":"a","start":512.51,"end":512.59},{"text":"new","start":512.59,"end":512.83},{"text":"point","start":512.83,"end":513.23},{"text":"that","start":513.23,"end":513.47},{"text":"focuses","start":513.47,"end":514.11},{"text":"specifically","start":514.11,"end":514.99},{"text":"on","start":515.07,"end":515.23},{"text":"combating","start":515.23,"end":515.87},{"text":"illicit","start":515.87,"end":516.23},{"text":"financial","start":516.23,"end":516.75},{"text":"flows.","start":516.75,"end":517.23}]},{"text":"it should read as follows we will promote measures to deny safe havens to iffs and exhort all countries to take effective steps to prevent IFF from entering their jurisdictions.","start":518.03,"end":532.91,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"it","start":518.03,"end":518.23},{"text":"should","start":518.23,"end":518.43},{"text":"read","start":518.43,"end":518.63},{"text":"as","start":518.63,"end":518.75},{"text":"follows","start":518.75,"end":519.31},{"text":"we","start":519.95,"end":520.19},{"text":"will","start":520.19,"end":520.35},{"text":"promote","start":520.35,"end":520.99},{"text":"measures","start":520.99,"end":521.63},{"text":"to","start":522.03,"end":522.19},{"text":"deny","start":522.19,"end":522.51},{"text":"safe","start":522.51,"end":522.91},{"text":"havens","start":522.91,"end":523.47},{"text":"to","start":523.47,"end":523.87},{"text":"iffs","start":523.87,"end":524.51},{"text":"and","start":524.59,"end":524.83},{"text":"exhort","start":524.83,"end":525.47},{"text":"all","start":525.47,"end":525.79},{"text":"countries","start":525.79,"end":526.43},{"text":"to","start":527.19,"end":527.23},{"text":"take","start":527.23,"end":527.55},{"text":"effective","start":527.55,"end":528.11},{"text":"steps","start":528.11,"end":528.67},{"text":"to","start":528.67,"end":529.31},{"text":"prevent","start":529.31,"end":529.87},{"text":"IFF","start":529.87,"end":530.79},{"text":"from","start":530.79,"end":530.99},{"text":"entering","start":530.99,"end":531.63},{"text":"their","start":531.71,"end":532.03},{"text":"jurisdictions.","start":532.03,"end":532.91}]},{"text":"I thank you.","start":533.31,"end":533.87,"topics":[],"words":[{"text":"I","start":533.31,"end":533.47},{"text":"thank","start":533.47,"end":533.71},{"text":"you.","start":533.71,"end":533.87}]}]}],"speaker":{"name":null,"affiliation":"SAU","affiliation_full":"Saudi Arabia","group":null,"function":"Representative"}},{"statement_number":7,"start":536.35,"pageUrl":"/en/asset/k10/k100hn2hrf?t=537","paragraphs":[{"sentences":[{"text":"Thank you. Saudi Arabia, Switzerland, you have the floor.","start":536.35,"end":539.63,"topics":[],"words":[{"text":"Thank","start":536.35,"end":536.67},{"text":"you.","start":536.67,"end":536.91},{"text":"Saudi","start":537.15,"end":537.55},{"text":"Arabia,","start":537.55,"end":538.11},{"text":"Switzerland,","start":538.11,"end":538.79},{"text":"you","start":538.79,"end":538.87},{"text":"have","start":538.87,"end":539.07},{"text":"the","start":539.07,"end":539.19},{"text":"floor.","start":539.19,"end":539.63}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":8,"start":542.79,"pageUrl":"/en/asset/k10/k100hn2hrf?t=543","paragraphs":[{"sentences":[{"text":"Excuse me, I want paragraph 30 and international tax cooperation and innovative taxes.","start":542.79,"end":547.95,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"Excuse","start":542.79,"end":543.11},{"text":"me,","start":543.11,"end":543.23},{"text":"I","start":543.23,"end":543.27},{"text":"want","start":543.27,"end":543.43},{"text":"paragraph","start":543.43,"end":543.83},{"text":"30","start":544.27,"end":544.67},{"text":"and","start":544.67,"end":544.83},{"text":"international","start":544.83,"end":545.39},{"text":"tax","start":545.39,"end":545.71},{"text":"cooperation","start":545.71,"end":546.47},{"text":"and","start":546.47,"end":546.59},{"text":"innovative","start":546.59,"end":547.31},{"text":"taxes.","start":547.31,"end":547.95}]},{"text":"We would like to include a reference to the ongoing negotiations on a UN tax convention and to the need for a fully inclusive and effective international tax architecture which is founded on consensus-based decision-making.","start":548.51,"end":562.59,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"We","start":548.51,"end":548.59},{"text":"would","start":548.59,"end":548.75},{"text":"like","start":548.75,"end":548.99},{"text":"to","start":548.99,"end":549.15},{"text":"include","start":549.15,"end":549.71},{"text":"a","start":549.71,"end":549.75},{"text":"reference","start":549.75,"end":550.43},{"text":"to","start":550.43,"end":550.59},{"text":"the","start":550.67,"end":550.75},{"text":"ongoing","start":550.75,"end":551.23},{"text":"negotiations","start":551.23,"end":552.15},{"text":"on","start":552.15,"end":552.31},{"text":"a","start":552.31,"end":552.35},{"text":"UN","start":552.39,"end":552.75},{"text":"tax","start":552.75,"end":553.03},{"text":"convention","start":553.03,"end":553.63},{"text":"and","start":554.03,"end":554.27},{"text":"to","start":554.27,"end":554.35},{"text":"the","start":554.35,"end":554.47},{"text":"need","start":554.47,"end":554.91},{"text":"for","start":554.91,"end":555.23},{"text":"a","start":555.23,"end":555.27},{"text":"fully","start":555.27,"end":555.63},{"text":"inclusive","start":555.63,"end":556.35},{"text":"and","start":556.43,"end":556.75},{"text":"effective","start":556.83,"end":557.39},{"text":"international","start":557.39,"end":558.03},{"text":"tax","start":558.03,"end":558.35},{"text":"architecture","start":558.35,"end":559.11},{"text":"which","start":559.11,"end":559.31},{"text":"is","start":559.31,"end":559.47},{"text":"founded","start":559.47,"end":560.03},{"text":"on","start":560.39,"end":560.47},{"text":"consensus-based","start":560.51,"end":561.67},{"text":"decision-making.","start":561.67,"end":562.59}]},{"text":"We also have some suggestions for streamlining the sub-paragraphs of para 30 and provide them in writing.","start":562.99,"end":570.51,"topics":[],"words":[{"text":"We","start":562.99,"end":563.15},{"text":"also","start":563.15,"end":563.47},{"text":"have","start":563.47,"end":563.63},{"text":"some","start":563.63,"end":563.87},{"text":"suggestions","start":563.87,"end":564.83},{"text":"for","start":564.83,"end":565.23},{"text":"streamlining","start":565.23,"end":566.03},{"text":"the","start":566.03,"end":566.11},{"text":"sub-paragraphs","start":566.11,"end":567.07},{"text":"of","start":567.07,"end":567.15},{"text":"para","start":567.15,"end":567.95},{"text":"30","start":567.95,"end":568.51},{"text":"and","start":569.07,"end":569.27},{"text":"provide","start":569.27,"end":569.59},{"text":"them","start":569.59,"end":569.71},{"text":"in","start":569.71,"end":569.87},{"text":"writing.","start":569.87,"end":570.51}]},{"text":"On para 31 and illicit financial flows, we support the comments made by the EU.","start":571.15,"end":576.23,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"On","start":571.15,"end":571.35},{"text":"para","start":571.35,"end":571.67},{"text":"31","start":571.67,"end":572.23},{"text":"and","start":572.23,"end":572.39},{"text":"illicit","start":572.39,"end":572.79},{"text":"financial","start":572.79,"end":573.27},{"text":"flows,","start":573.27,"end":573.75},{"text":"we","start":573.75,"end":573.91},{"text":"support","start":573.91,"end":574.35},{"text":"the","start":574.35,"end":574.43},{"text":"comments","start":574.43,"end":575.11},{"text":"made","start":575.11,"end":575.43},{"text":"by","start":575.43,"end":575.67},{"text":"the","start":575.67,"end":575.75},{"text":"EU.","start":575.75,"end":576.23}]},{"text":"In addition, we suggest introducing a reference to the ADIS process and asset return and the 2030 agenda in sub para D. Switzerland co-organizes this process together with Ethiopia and UNODC and would like to anchor this process on a global level.","start":576.23,"end":593.67,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"In","start":576.23,"end":576.39},{"text":"addition,","start":576.39,"end":576.79},{"text":"we","start":576.79,"end":576.95},{"text":"suggest","start":576.95,"end":577.75},{"text":"introducing","start":577.75,"end":578.39},{"text":"a","start":578.39,"end":578.43},{"text":"reference","start":578.43,"end":579.03},{"text":"to","start":579.03,"end":579.11},{"text":"the","start":579.19,"end":579.27},{"text":"ADIS","start":579.39,"end":580.07},{"text":"process","start":580.07,"end":580.71},{"text":"and","start":580.71,"end":580.87},{"text":"asset","start":580.87,"end":581.19},{"text":"return","start":581.19,"end":581.67},{"text":"and","start":581.67,"end":581.91},{"text":"the","start":582.39,"end":582.47},{"text":"2030","start":582.47,"end":583.31},{"text":"agenda","start":583.31,"end":583.75},{"text":"in","start":583.75,"end":583.99},{"text":"sub","start":583.99,"end":584.19},{"text":"para","start":584.19,"end":584.63},{"text":"D.","start":584.63,"end":585.11},{"text":"Switzerland","start":585.51,"end":586.11},{"text":"co-organizes","start":586.11,"end":587.27},{"text":"this","start":587.27,"end":587.43},{"text":"process","start":587.43,"end":587.99},{"text":"together","start":587.99,"end":588.43},{"text":"with","start":588.43,"end":588.63},{"text":"Ethiopia","start":588.63,"end":589.31},{"text":"and","start":589.31,"end":589.43},{"text":"UNODC","start":589.43,"end":590.31},{"text":"and","start":590.79,"end":590.99},{"text":"would","start":590.99,"end":591.19},{"text":"like","start":591.19,"end":591.43},{"text":"to","start":591.43,"end":591.59},{"text":"anchor","start":591.59,"end":591.99},{"text":"this","start":591.99,"end":592.23},{"text":"process","start":592.23,"end":592.75},{"text":"on","start":592.75,"end":592.87},{"text":"a","start":592.87,"end":592.91},{"text":"global","start":592.91,"end":593.35},{"text":"level.","start":593.35,"end":593.67}]},{"text":"Furthermore, we suggest deleting sub para E. Exploring the need for multilateral mediation mechanism is, in our view, not necessary since many platforms already exist.","start":594.07,"end":606.55,"topics":[],"words":[{"text":"Furthermore,","start":594.07,"end":594.75},{"text":"we","start":594.75,"end":594.87},{"text":"suggest","start":594.87,"end":595.51},{"text":"deleting","start":595.51,"end":596.15},{"text":"sub","start":596.15,"end":596.39},{"text":"para","start":596.47,"end":596.91},{"text":"E.","start":596.95,"end":597.35},{"text":"Exploring","start":597.79,"end":598.43},{"text":"the","start":598.43,"end":598.51},{"text":"need","start":598.51,"end":598.79},{"text":"for","start":598.79,"end":599.03},{"text":"multilateral","start":599.03,"end":599.83},{"text":"mediation","start":599.83,"end":601.11},{"text":"mechanism","start":601.19,"end":601.99},{"text":"is,","start":601.99,"end":602.31},{"text":"in","start":602.31,"end":602.47},{"text":"our","start":602.47,"end":602.71},{"text":"view,","start":602.71,"end":603.03},{"text":"not","start":603.03,"end":603.19},{"text":"necessary","start":603.19,"end":603.91},{"text":"since","start":604.15,"end":604.47},{"text":"many","start":604.47,"end":604.75},{"text":"platforms","start":604.75,"end":605.59},{"text":"already","start":605.59,"end":605.99},{"text":"exist.","start":605.99,"end":606.55}]},{"text":"Lastly, and most importantly, we would like to introduce a new subparagraph where we commit ourselves to ensure that confiscated assets are returned to the benefit of the populations of the countries of origin.","start":606.55,"end":620.15,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"Lastly,","start":606.55,"end":607.19},{"text":"and","start":607.43,"end":607.63},{"text":"most","start":607.63,"end":607.87},{"text":"importantly,","start":607.87,"end":608.55},{"text":"we","start":608.95,"end":609.03},{"text":"would","start":609.03,"end":609.19},{"text":"like","start":609.19,"end":609.43},{"text":"to","start":609.43,"end":609.55},{"text":"introduce","start":609.55,"end":610.11},{"text":"a","start":610.11,"end":610.15},{"text":"new","start":610.15,"end":610.39},{"text":"subparagraph","start":610.39,"end":611.39},{"text":"where","start":611.39,"end":611.67},{"text":"we","start":611.67,"end":611.83},{"text":"commit","start":611.83,"end":612.23},{"text":"ourselves","start":612.23,"end":612.87},{"text":"to","start":613.19,"end":613.35},{"text":"ensure","start":613.39,"end":613.91},{"text":"that","start":613.91,"end":614.07},{"text":"confiscated","start":614.07,"end":614.95},{"text":"assets","start":614.95,"end":615.67},{"text":"are","start":616.07,"end":616.27},{"text":"returned","start":616.27,"end":616.79},{"text":"to","start":616.79,"end":617.03},{"text":"the","start":617.03,"end":617.11},{"text":"benefit","start":617.11,"end":617.67},{"text":"of","start":617.67,"end":617.83},{"text":"the","start":617.83,"end":617.91},{"text":"populations","start":617.91,"end":618.71},{"text":"of","start":618.71,"end":618.87},{"text":"the","start":618.87,"end":618.95},{"text":"countries","start":618.95,"end":619.43},{"text":"of","start":619.43,"end":619.59},{"text":"origin.","start":619.59,"end":620.15}]},{"text":"We will provide language also on this one.","start":620.47,"end":622.79,"topics":[],"words":[{"text":"We","start":620.47,"end":620.55},{"text":"will","start":620.55,"end":620.79},{"text":"provide","start":620.79,"end":621.27},{"text":"language","start":621.27,"end":621.83},{"text":"also","start":621.83,"end":622.11},{"text":"on","start":622.11,"end":622.27},{"text":"this","start":622.27,"end":622.47},{"text":"one.","start":622.47,"end":622.79}]},{"text":"On para 35, We would like to suggest more reference to the work of OECD.","start":623.47,"end":629.51,"topics":[],"words":[{"text":"On","start":623.47,"end":623.55},{"text":"para","start":623.67,"end":624.07},{"text":"35,","start":624.07,"end":625.03},{"text":"We","start":625.83,"end":626.23},{"text":"would","start":626.23,"end":626.51},{"text":"like","start":626.51,"end":626.71},{"text":"to","start":626.71,"end":626.83},{"text":"suggest","start":626.83,"end":627.35},{"text":"more","start":627.35,"end":627.59},{"text":"reference","start":627.59,"end":628.03},{"text":"to","start":628.03,"end":628.11},{"text":"the","start":628.11,"end":628.23},{"text":"work","start":628.23,"end":628.47},{"text":"of","start":628.47,"end":628.63},{"text":"OECD.","start":628.63,"end":629.51}]},{"text":"For instance, we would like to introduce a new sub para A citing recommendations one and two of the OECD recommendations on foreign direct investment qualities for sustainable development.","start":629.51,"end":641.75,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"For","start":629.51,"end":629.75},{"text":"instance,","start":629.75,"end":630.15},{"text":"we","start":630.15,"end":630.27},{"text":"would","start":630.27,"end":630.43},{"text":"like","start":630.43,"end":630.63},{"text":"to","start":630.63,"end":630.71},{"text":"introduce","start":630.71,"end":631.23},{"text":"a","start":631.23,"end":631.27},{"text":"new","start":631.27,"end":631.67},{"text":"sub","start":631.67,"end":631.91},{"text":"para","start":631.91,"end":632.75},{"text":"A","start":632.75,"end":632.79},{"text":"citing","start":633.19,"end":633.91},{"text":"recommendations","start":633.91,"end":634.95},{"text":"one","start":634.95,"end":635.27},{"text":"and","start":635.27,"end":635.39},{"text":"two","start":635.39,"end":635.67},{"text":"of","start":635.67,"end":635.83},{"text":"the","start":635.83,"end":635.99},{"text":"OECD","start":635.99,"end":636.55},{"text":"recommendations","start":636.55,"end":637.47},{"text":"on","start":637.47,"end":637.59},{"text":"foreign","start":637.59,"end":637.91},{"text":"direct","start":637.91,"end":638.31},{"text":"investment","start":638.31,"end":638.83},{"text":"qualities","start":638.83,"end":639.59},{"text":"for","start":640.23,"end":640.47},{"text":"sustainable","start":640.47,"end":641.11},{"text":"development.","start":641.11,"end":641.75}]},{"text":"In sub para B, we would also like to add a reference to the African Union OECD Africa virtual investment platform.","start":641.75,"end":651.19,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"In","start":641.75,"end":641.91},{"text":"sub","start":641.91,"end":642.11},{"text":"para","start":642.11,"end":642.55},{"text":"B,","start":642.55,"end":643.11},{"text":"we","start":643.51,"end":643.75},{"text":"would","start":643.75,"end":644.07},{"text":"also","start":644.07,"end":644.55},{"text":"like","start":644.55,"end":644.87},{"text":"to","start":644.87,"end":645.19},{"text":"add","start":645.19,"end":645.63},{"text":"a","start":645.63,"end":645.67},{"text":"reference","start":645.67,"end":646.31},{"text":"to","start":646.31,"end":646.47},{"text":"the","start":646.47,"end":646.59},{"text":"African","start":646.63,"end":647.35},{"text":"Union","start":647.35,"end":647.83},{"text":"OECD","start":647.83,"end":648.63},{"text":"Africa","start":648.63,"end":649.35},{"text":"virtual","start":649.35,"end":649.91},{"text":"investment","start":649.91,"end":650.47},{"text":"platform.","start":650.47,"end":651.19}]},{"text":"Since the zero draft provides too little language on the quality of investment, we suggest adding some language in subpara c. Still on para 35, we would like to add a subpara on impact linked finance, which refers to linking financial rewards for market based organizations to the achievement of positive social outcomes.","start":651.59,"end":675.83,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."},{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Since","start":651.59,"end":651.91},{"text":"the","start":651.91,"end":652.03},{"text":"zero","start":652.03,"end":652.47},{"text":"draft","start":652.47,"end":653.07},{"text":"provides","start":653.07,"end":653.67},{"text":"too","start":653.67,"end":653.91},{"text":"little","start":653.91,"end":654.23},{"text":"language","start":654.23,"end":654.63},{"text":"on","start":654.63,"end":654.75},{"text":"the","start":654.75,"end":654.87},{"text":"quality","start":654.87,"end":655.31},{"text":"of","start":655.31,"end":655.43},{"text":"investment,","start":655.43,"end":656.15},{"text":"we","start":656.47,"end":656.67},{"text":"suggest","start":656.67,"end":657.27},{"text":"adding","start":657.27,"end":657.67},{"text":"some","start":657.67,"end":657.91},{"text":"language","start":657.91,"end":658.47},{"text":"in","start":658.47,"end":658.79},{"text":"subpara","start":659.03,"end":659.99},{"text":"c.","start":659.99,"end":660.55},{"text":"Still","start":661.27,"end":661.71},{"text":"on","start":661.71,"end":661.83},{"text":"para","start":661.83,"end":662.31},{"text":"35,","start":662.47,"end":663.35},{"text":"we","start":663.83,"end":664.07},{"text":"would","start":664.07,"end":664.23},{"text":"like","start":664.23,"end":664.47},{"text":"to","start":664.47,"end":664.63},{"text":"add","start":664.63,"end":664.91},{"text":"a","start":664.91,"end":664.95},{"text":"subpara","start":664.95,"end":665.47},{"text":"on","start":665.47,"end":665.63},{"text":"impact","start":665.63,"end":666.23},{"text":"linked","start":666.39,"end":666.87},{"text":"finance,","start":666.87,"end":667.47},{"text":"which","start":667.47,"end":667.75},{"text":"refers","start":667.75,"end":668.31},{"text":"to","start":668.31,"end":668.47},{"text":"linking","start":668.47,"end":668.95},{"text":"financial","start":668.95,"end":669.75},{"text":"rewards","start":669.75,"end":670.55},{"text":"for","start":671.03,"end":671.51},{"text":"market","start":671.59,"end":671.99},{"text":"based","start":671.99,"end":672.35},{"text":"organizations","start":672.35,"end":673.11},{"text":"to","start":673.11,"end":673.27},{"text":"the","start":673.27,"end":673.35},{"text":"achievement","start":673.35,"end":673.87},{"text":"of","start":673.87,"end":673.99},{"text":"positive","start":673.99,"end":674.47},{"text":"social","start":674.47,"end":675.03},{"text":"outcomes.","start":675.03,"end":675.83}]},{"text":"Impact link finance is a highly effective way aligning positive impact with economic viability and lies at the intersection between blended finance, impact investment and result based finance.","start":676.99,"end":689.95,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Impact","start":676.99,"end":677.47},{"text":"link","start":677.47,"end":677.75},{"text":"finance","start":677.75,"end":678.39},{"text":"is","start":678.39,"end":678.55},{"text":"a","start":678.55,"end":678.59},{"text":"highly","start":678.59,"end":678.95},{"text":"effective","start":678.95,"end":679.39},{"text":"way","start":679.39,"end":679.87},{"text":"aligning","start":680.23,"end":680.67},{"text":"positive","start":680.67,"end":681.23},{"text":"impact","start":681.23,"end":681.79},{"text":"with","start":681.79,"end":682.03},{"text":"economic","start":682.07,"end":682.67},{"text":"viability","start":682.75,"end":683.47},{"text":"and","start":683.47,"end":683.63},{"text":"lies","start":683.63,"end":684.19},{"text":"at","start":684.67,"end":684.87},{"text":"the","start":684.87,"end":684.95},{"text":"intersection","start":684.95,"end":685.63},{"text":"between","start":685.63,"end":685.99},{"text":"blended","start":685.99,"end":686.35},{"text":"finance,","start":686.35,"end":686.91},{"text":"impact","start":686.91,"end":687.43},{"text":"investment","start":687.43,"end":688.11},{"text":"and","start":688.11,"end":688.23},{"text":"result","start":688.23,"end":688.67},{"text":"based","start":688.67,"end":689.15},{"text":"finance.","start":689.15,"end":689.95}]},{"text":"Last but not least, we would like to introduce a reference to TOSSD, the total official support for sustainable development in para M. On para 36 sub para A, we suggest introducing a reference to outcomes based financing mechanisms, thank you very much.","start":690.11,"end":709.87,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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32.","start":711.91,"end":724.15,"topics":[],"words":[{"text":"I","start":711.91,"end":712.07},{"text":"would","start":712.55,"end":713.03},{"text":"like","start":713.35,"end":713.83},{"text":"to","start":713.83,"end":713.99},{"text":"remind","start":713.99,"end":714.79},{"text":"all","start":714.79,"end":715.27},{"text":"distinguished","start":715.43,"end":716.15},{"text":"delegates","start":716.15,"end":716.87},{"text":"that","start":716.87,"end":717.11},{"text":"we","start":717.11,"end":717.23},{"text":"are","start":717.23,"end":717.35},{"text":"still","start":717.35,"end":717.67},{"text":"working","start":717.67,"end":718.31},{"text":"on","start":718.79,"end":718.95},{"text":"the","start":718.95,"end":719.11},{"text":"chapter","start":719.11,"end":719.75},{"text":"on","start":719.75,"end":720.07},{"text":"domestic","start":720.07,"end":720.71},{"text":"public","start":720.71,"end":721.11},{"text":"resources,","start":721.11,"end":721.91},{"text":"paragraphs","start":721.91,"end":722.79},{"text":"30","start":722.79,"end":723.19},{"text":"to","start":723.19,"end":723.43},{"text":"32.","start":723.43,"end":724.15}]},{"text":"Now, I would like to give the floor to India, followed by the United States and Iceland.","start":724.87,"end":730.91,"topics":[],"words":[{"text":"Now,","start":724.87,"end":725.35},{"text":"I","start":725.35,"end":725.47},{"text":"would","start":725.47,"end":725.63},{"text":"like","start":725.63,"end":725.83},{"text":"to","start":725.83,"end":725.91},{"text":"give","start":725.91,"end":726.07},{"text":"the","start":726.07,"end":726.23},{"text":"floor","start":726.23,"end":726.71},{"text":"to","start":726.71,"end":727.11},{"text":"India,","start":727.19,"end":727.83},{"text":"followed","start":728.15,"end":728.67},{"text":"by","start":728.67,"end":728.87},{"text":"the","start":728.87,"end":728.99},{"text":"United","start":728.99,"end":729.51},{"text":"States","start":729.51,"end":730.15},{"text":"and","start":730.15,"end":730.39},{"text":"Iceland.","start":730.39,"end":730.91}]},{"text":"India, you have the floor.","start":731.27,"end":732.47,"topics":[],"words":[{"text":"India,","start":731.27,"end":731.67},{"text":"you","start":731.67,"end":731.75},{"text":"have","start":731.75,"end":731.95},{"text":"the","start":731.95,"end":732.07},{"text":"floor.","start":732.07,"end":732.47}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":10,"start":734.51,"pageUrl":"/en/asset/k10/k100hn2hrf?t=735","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":734.51,"end":735.35,"topics":[],"words":[{"text":"Thank","start":734.51,"end":734.79},{"text":"you,","start":734.79,"end":734.95},{"text":"Chair.","start":734.95,"end":735.35}]},{"text":"India is actively participating in the negotiations of the UN Framework Convention on International Tax Cooperation.","start":736.15,"end":742.79,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"India","start":736.15,"end":736.43},{"text":"is","start":736.43,"end":736.63},{"text":"actively","start":736.63,"end":737.11},{"text":"participating","start":737.11,"end":737.95},{"text":"in","start":737.95,"end":738.07},{"text":"the","start":738.07,"end":738.15},{"text":"negotiations","start":738.15,"end":738.99},{"text":"of","start":738.99,"end":739.11},{"text":"the","start":739.11,"end":739.19},{"text":"UN","start":739.19,"end":739.55},{"text":"Framework","start":739.55,"end":740.11},{"text":"Convention","start":740.11,"end":740.71},{"text":"on","start":740.71,"end":740.87},{"text":"International","start":740.87,"end":741.51},{"text":"Tax","start":741.51,"end":741.91},{"text":"Cooperation.","start":741.91,"end":742.79}]},{"text":"We support an inclusive and effective international tax framework that ensures a fair allocation of taxing rights.","start":743.27,"end":749.99,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"We","start":743.27,"end":743.43},{"text":"support","start":743.43,"end":743.99},{"text":"an","start":743.99,"end":744.07},{"text":"inclusive","start":744.07,"end":744.71},{"text":"and","start":744.71,"end":744.83},{"text":"effective","start":744.83,"end":745.35},{"text":"international","start":745.35,"end":745.91},{"text":"tax","start":745.91,"end":746.19},{"text":"framework","start":746.19,"end":746.79},{"text":"that","start":746.95,"end":747.27},{"text":"ensures","start":747.27,"end":747.87},{"text":"a","start":747.87,"end":747.91},{"text":"fair","start":747.91,"end":748.31},{"text":"allocation","start":748.31,"end":748.91},{"text":"of","start":748.91,"end":749.03},{"text":"taxing","start":749.03,"end":749.51},{"text":"rights.","start":749.51,"end":749.99}]},{"text":"We have the following suggestions on the text.","start":750.63,"end":752.95,"topics":[],"words":[{"text":"We","start":750.63,"end":750.79},{"text":"have","start":750.79,"end":751.11},{"text":"the","start":751.11,"end":751.19},{"text":"following","start":751.19,"end":751.59},{"text":"suggestions","start":751.59,"end":752.19},{"text":"on","start":752.19,"end":752.31},{"text":"the","start":752.31,"end":752.39},{"text":"text.","start":752.39,"end":752.95}]},{"text":"On para 30B, it must be ensured that companies, including MNEs, pay taxes to countries where economic activity occurs, value is created, and revenues are generated.","start":753.59,"end":766.27,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"On","start":753.59,"end":753.79},{"text":"para","start":753.79,"end":754.23},{"text":"30B,","start":754.23,"end":754.91},{"text":"it","start":755.15,"end":755.35},{"text":"must","start":755.35,"end":755.67},{"text":"be","start":755.67,"end":755.75},{"text":"ensured","start":755.75,"end":756.27},{"text":"that","start":756.27,"end":756.51},{"text":"companies,","start":756.51,"end":757.31},{"text":"including","start":757.31,"end":757.95},{"text":"MNEs,","start":757.95,"end":758.59},{"text":"pay","start":758.83,"end":759.07},{"text":"taxes","start":759.07,"end":759.63},{"text":"to","start":759.63,"end":759.79},{"text":"countries","start":759.79,"end":760.43},{"text":"where","start":760.43,"end":760.63},{"text":"economic","start":760.71,"end":761.15},{"text":"activity","start":761.15,"end":761.79},{"text":"occurs,","start":761.79,"end":762.35},{"text":"value","start":762.67,"end":763.15},{"text":"is","start":763.15,"end":763.39},{"text":"created,","start":763.39,"end":764.03},{"text":"and","start":764.11,"end":764.59},{"text":"revenues","start":764.83,"end":765.47},{"text":"are","start":765.47,"end":765.55},{"text":"generated.","start":765.55,"end":766.27}]},{"text":"On para 30D, we recognize that greater cooperation among countries on international tax matters would help address longstanding issues of base erosion and profit shifting.","start":766.83,"end":777.55,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"On","start":766.83,"end":767.07},{"text":"para","start":767.07,"end":767.63},{"text":"30D,","start":767.63,"end":768.27},{"text":"we","start":768.51,"end":768.67},{"text":"recognize","start":768.67,"end":769.23},{"text":"that","start":769.23,"end":769.47},{"text":"greater","start":769.47,"end":769.83},{"text":"cooperation","start":769.83,"end":770.59},{"text":"among","start":770.59,"end":770.91},{"text":"countries","start":770.91,"end":771.47},{"text":"on","start":771.47,"end":771.55},{"text":"international","start":771.55,"end":772.11},{"text":"tax","start":772.11,"end":772.43},{"text":"matters","start":772.43,"end":772.99},{"text":"would","start":773.23,"end":773.47},{"text":"help","start":773.47,"end":773.79},{"text":"address","start":773.83,"end":774.27},{"text":"longstanding","start":774.27,"end":775.07},{"text":"issues","start":775.07,"end":775.39},{"text":"of","start":775.39,"end":775.51},{"text":"base","start":775.51,"end":775.79},{"text":"erosion","start":775.79,"end":776.35},{"text":"and","start":776.35,"end":776.63},{"text":"profit","start":776.63,"end":777.07},{"text":"shifting.","start":777.07,"end":777.55}]},{"text":"In para 30e, we suggest deleting this last line on extending reporting obligations to high net worth individuals.","start":778.35,"end":786.27,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"In","start":778.35,"end":778.51},{"text":"para","start":778.51,"end":779.07},{"text":"30e,","start":779.07,"end":779.63},{"text":"we","start":779.87,"end":780.03},{"text":"suggest","start":780.03,"end":780.59},{"text":"deleting","start":780.59,"end":781.07},{"text":"this","start":781.07,"end":781.31},{"text":"last","start":781.31,"end":781.75},{"text":"line","start":781.75,"end":782.19},{"text":"on","start":782.35,"end":782.59},{"text":"extending","start":782.59,"end":783.15},{"text":"reporting","start":783.15,"end":783.79},{"text":"obligations","start":783.79,"end":784.59},{"text":"to","start":784.59,"end":784.71},{"text":"high","start":784.71,"end":784.91},{"text":"net","start":784.91,"end":785.19},{"text":"worth","start":785.19,"end":785.43},{"text":"individuals.","start":785.43,"end":786.27}]},{"text":"Considering that the discussion on taxation of high net worth individuals is still at a very nascent stage and will be taken up in the future at the UN Framework Convention on International Tax Cooperation, it is important that our focus at present should remain on broadening the access of country-by-country reports to developing countries with reduced cost.","start":786.63,"end":807.71,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"In","start":808.51,"end":808.75},{"text":"para","start":808.75,"end":809.19},{"text":"30H,","start":809.19,"end":809.95},{"text":"we","start":810.19,"end":810.43},{"text":"would","start":810.43,"end":810.55},{"text":"like","start":810.55,"end":810.79},{"text":"to","start":810.79,"end":810.95},{"text":"underscore","start":810.99,"end":811.79},{"text":"that","start":811.79,"end":812.03},{"text":"it","start":812.03,"end":812.23},{"text":"is","start":812.23,"end":812.43},{"text":"premature","start":812.43,"end":813.23},{"text":"to","start":813.23,"end":813.39},{"text":"include","start":813.39,"end":813.87},{"text":"any","start":813.87,"end":814.11},{"text":"references","start":814.11,"end":814.91},{"text":"to","start":814.91,"end":815.07},{"text":"global","start":815.07,"end":815.47},{"text":"solidarity","start":815.47,"end":816.23},{"text":"levies","start":816.23,"end":816.75},{"text":"or","start":816.75,"end":817.23},{"text":"specific","start":817.47,"end":818.11},{"text":"innovative","start":818.11,"end":818.67},{"text":"taxes.","start":818.67,"end":819.31}]},{"text":"These levies also violate the principle of CBDRC and equity enshrined in the Paris Agreement.","start":819.55,"end":827.15,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"These","start":819.55,"end":819.87},{"text":"levies","start":819.87,"end":820.43},{"text":"also","start":820.43,"end":820.91},{"text":"violate","start":820.91,"end":821.31},{"text":"the","start":821.31,"end":821.47},{"text":"principle","start":821.47,"end":822.11},{"text":"of","start":822.11,"end":822.35},{"text":"CBDRC","start":822.35,"end":824.03},{"text":"and","start":824.27,"end":824.59},{"text":"equity","start":824.59,"end":825.15},{"text":"enshrined","start":825.15,"end":825.75},{"text":"in","start":825.75,"end":825.87},{"text":"the","start":825.87,"end":825.95},{"text":"Paris","start":825.95,"end":826.43},{"text":"Agreement.","start":826.43,"end":827.15}]},{"text":"At this time, no commitment should be made to enact or strengthen taxes targeting HNIs, particularly in the context of international cooperation.","start":827.63,"end":836.11,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"By","start":853.35,"end":853.51},{"text":"utilizing","start":853.51,"end":854.27},{"text":"innovative","start":854.27,"end":854.75},{"text":"financial","start":854.75,"end":855.35},{"text":"instruments","start":855.35,"end":855.99},{"text":"such","start":856.23,"end":856.55},{"text":"as","start":856.55,"end":856.71},{"text":"green","start":856.71,"end":857.03},{"text":"bonds,","start":857.03,"end":857.51},{"text":"credit","start":857.59,"end":857.91},{"text":"guarantees,","start":857.91,"end":858.51},{"text":"and","start":858.51,"end":858.67},{"text":"blended","start":858.67,"end":859.03},{"text":"finance,","start":859.03,"end":859.59},{"text":"NDBs","start":859.91,"end":860.47},{"text":"provide","start":860.47,"end":861.03},{"text":"patient","start":861.19,"end":861.83},{"text":"capital","start":861.91,"end":862.47},{"text":"and","start":862.47,"end":862.67},{"text":"mitigate","start":862.67,"end":863.11},{"text":"risks.","start":863.11,"end":863.67}]},{"text":"However, existing regulatory frameworks by failing to recognize their unique liability structures and developmental mandates restrict their ability to take necessary risks for transformative development projects.","start":863.99,"end":878.47,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"However,","start":863.99,"end":864.63},{"text":"existing","start":864.87,"end":865.67},{"text":"regulatory","start":865.67,"end":866.59},{"text":"frameworks","start":866.67,"end":867.19},{"text":"by","start":867.43,"end":867.67},{"text":"failing","start":867.67,"end":868.15},{"text":"to","start":868.15,"end":868.27},{"text":"recognize","start":868.27,"end":868.95},{"text":"their","start":868.95,"end":869.11},{"text":"unique","start":869.11,"end":869.59},{"text":"liability","start":869.91,"end":870.55},{"text":"structures","start":870.55,"end":871.27},{"text":"and","start":871.51,"end":871.79},{"text":"developmental","start":871.79,"end":872.63},{"text":"mandates","start":872.63,"end":873.11},{"text":"restrict","start":873.11,"end":873.59},{"text":"their","start":873.59,"end":873.75},{"text":"ability","start":873.75,"end":874.23},{"text":"to","start":874.23,"end":874.39},{"text":"take","start":874.39,"end":874.63},{"text":"necessary","start":874.63,"end":875.19},{"text":"risks","start":875.19,"end":875.75},{"text":"for","start":875.99,"end":876.23},{"text":"transformative","start":876.23,"end":877.07},{"text":"development","start":877.07,"end":877.75},{"text":"projects.","start":877.75,"end":878.47}]},{"text":"Furthermore, MDBs face stiff competition from commercial banks, leading to higher funding costs.","start":879.03,"end":884.63,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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them."}],"words":[{"text":"Ensuring","start":884.99,"end":885.59},{"text":"access","start":885.59,"end":885.99},{"text":"to","start":885.99,"end":886.15},{"text":"long-term","start":886.15,"end":886.63},{"text":"funds","start":886.63,"end":886.99},{"text":"at","start":886.99,"end":887.11},{"text":"competitive","start":887.11,"end":887.67},{"text":"rates","start":887.67,"end":888.07},{"text":"will","start":888.07,"end":888.23},{"text":"enable","start":888.23,"end":888.63},{"text":"MDBs","start":888.63,"end":889.19},{"text":"to","start":889.19,"end":889.27},{"text":"maximize","start":889.27,"end":890.07},{"text":"their","start":890.31,"end":890.55},{"text":"potential","start":890.55,"end":891.19},{"text":"as","start":891.19,"end":891.51},{"text":"powerful","start":891.51,"end":891.99},{"text":"engines","start":891.99,"end":892.47},{"text":"of","start":892.47,"end":892.55},{"text":"inclusive","start":892.55,"end":893.19},{"text":"and","start":893.19,"end":893.43},{"text":"sustainable","start":893.43,"end":894.23},{"text":"growth.","start":894.23,"end":894.59}]},{"text":"Chair, we will be submitting our written comments.","start":895.43,"end":897.51,"topics":[],"words":[{"text":"Chair,","start":895.43,"end":895.63},{"text":"we","start":895.63,"end":895.79},{"text":"will","start":895.79,"end":895.91},{"text":"be","start":895.91,"end":896.07},{"text":"submitting","start":896.07,"end":896.55},{"text":"our","start":896.55,"end":896.67},{"text":"written","start":896.67,"end":897.03},{"text":"comments.","start":897.03,"end":897.51}]},{"text":"Thank you.","start":897.51,"end":897.99,"topics":[],"words":[{"text":"Thank","start":897.51,"end":897.91},{"text":"you.","start":897.91,"end":897.99}]}]}],"speaker":{"name":null,"affiliation":"IND","affiliation_full":"India","group":null,"function":"Representative"}},{"statement_number":11,"start":898.95,"pageUrl":"/en/asset/k10/k100hn2hrf?t=899","paragraphs":[{"sentences":[{"text":"Thank you very much, India.","start":898.95,"end":900.27,"topics":[],"words":[{"text":"Thank","start":898.95,"end":899.19},{"text":"you","start":899.19,"end":899.27},{"text":"very","start":899.27,"end":899.47},{"text":"much,","start":899.47,"end":899.83},{"text":"India.","start":899.83,"end":900.27}]},{"text":"Now I give the floor to the United States, followed by Iceland and then China.","start":900.27,"end":905.11,"topics":[],"words":[{"text":"Now","start":900.27,"end":900.71},{"text":"I","start":900.71,"end":900.79},{"text":"give","start":900.79,"end":901.03},{"text":"the","start":901.03,"end":901.11},{"text":"floor","start":901.11,"end":901.35},{"text":"to","start":901.35,"end":901.51},{"text":"the","start":901.51,"end":901.67},{"text":"United","start":901.67,"end":902.15},{"text":"States,","start":902.15,"end":902.71},{"text":"followed","start":902.71,"end":903.19},{"text":"by","start":903.19,"end":903.71},{"text":"Iceland","start":903.71,"end":904.15},{"text":"and","start":904.19,"end":904.35},{"text":"then","start":904.35,"end":904.55},{"text":"China.","start":904.55,"end":905.11}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":12,"start":906.71,"pageUrl":"/en/asset/k10/k100hn2hrf?t=907","paragraphs":[{"sentences":[{"text":"Thank you.","start":906.71,"end":907.19,"topics":[],"words":[{"text":"Thank","start":906.71,"end":907.03},{"text":"you.","start":907.03,"end":907.19}]},{"text":"We believe paragraph 30 should be significantly shortened and reframed.","start":908.23,"end":911.91,"topics":[],"words":[{"text":"We","start":908.23,"end":908.39},{"text":"believe","start":908.39,"end":908.67},{"text":"paragraph","start":908.67,"end":909.11},{"text":"30","start":909.11,"end":909.43},{"text":"should","start":909.43,"end":909.67},{"text":"be","start":909.67,"end":909.83},{"text":"significantly","start":909.83,"end":910.55},{"text":"shortened","start":910.55,"end":911.11},{"text":"and","start":911.11,"end":911.23},{"text":"reframed.","start":911.23,"end":911.91}]},{"text":"We believe the section should primarily focus on the central role of domestic resource 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Thank you. Then Russian Federation and then Singapore.","start":1576.15,"end":1580.71,"topics":[],"words":[{"text":"Gracias.","start":1576.15,"end":1577.03},{"text":"Thank","start":1577.35,"end":1577.59},{"text":"you.","start":1577.83,"end":1577.95},{"text":"Then","start":1578.23,"end":1578.71},{"text":"Russian","start":1578.71,"end":1579.07},{"text":"Federation","start":1579.07,"end":1579.75},{"text":"and","start":1579.75,"end":1579.87},{"text":"then","start":1579.87,"end":1580.07},{"text":"Singapore.","start":1580.07,"end":1580.71}]},{"text":"Bangladesh, you have the floor.","start":1580.71,"end":1582.23,"topics":[],"words":[{"text":"Bangladesh,","start":1580.71,"end":1581.35},{"text":"you","start":1581.35,"end":1581.51},{"text":"have","start":1581.51,"end":1581.67},{"text":"the","start":1581.67,"end":1581.79},{"text":"floor.","start":1581.79,"end":1582.23}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":26,"start":1584.23,"pageUrl":"/en/asset/k10/k100hn2hrf?t=1585","paragraphs":[{"sentences":[{"text":"In the national capacity, we would like to suggest the following in the paragraph 31E, We would like to emphasize the necessity of a UN-led mechanism to ensure asset recovery and return.","start":1584.23,"end":1596.03,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. 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Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"Paragraph","start":1596.59,"end":1597.03},{"text":"31e","start":1597.03,"end":1598.35},{"text":"should","start":1598.35,"end":1598.59},{"text":"suggest","start":1598.59,"end":1599.23},{"text":"the","start":1599.23,"end":1599.39},{"text":"following","start":1599.39,"end":1599.79},{"text":"revision:","start":1599.79,"end":1600.35},{"text":"We","start":1600.91,"end":1601.03},{"text":"will","start":1601.07,"end":1601.19},{"text":"establish","start":1601.19,"end":1601.79},{"text":"a","start":1601.87,"end":1601.91},{"text":"UN-led","start":1601.91,"end":1602.51},{"text":"multilateral","start":1602.51,"end":1603.23},{"text":"mediation","start":1603.23,"end":1603.83},{"text":"mechanism","start":1603.83,"end":1604.43},{"text":"to","start":1604.43,"end":1604.55},{"text":"resolve","start":1604.55,"end":1605.15},{"text":"challenges","start":1605.15,"end":1605.95},{"text":"related","start":1606.11,"end":1606.51},{"text":"to","start":1606.51,"end":1606.63},{"text":"asset","start":1606.63,"end":1606.99},{"text":"recovery","start":1606.99,"end":1607.43},{"text":"and","start":1607.43,"end":1607.55},{"text":"return.","start":1607.55,"end":1608.03}]},{"text":"We would also suggest adding an additional subpara stating the commitment to agree on a common set of anti-money laundering standards.","start":1608.67,"end":1617.47,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. 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Russian Federation, then Singapore, then Colombia, please.","start":1619.75,"end":1623.47,"topics":[],"words":[{"text":"Thank","start":1619.75,"end":1619.95},{"text":"you.","start":1619.95,"end":1620.19},{"text":"Russian","start":1620.19,"end":1620.75},{"text":"Federation,","start":1620.75,"end":1621.47},{"text":"then","start":1621.47,"end":1621.71},{"text":"Singapore,","start":1621.71,"end":1622.35},{"text":"then","start":1622.35,"end":1622.51},{"text":"Colombia,","start":1622.51,"end":1623.07},{"text":"please.","start":1623.07,"end":1623.47}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":28,"start":1627.47,"pageUrl":"/en/asset/k10/k100hn2hrf?t=1628","paragraphs":[{"sentences":[{"text":"Thank you very much, Madam Chair.","start":1627.47,"end":1629.07,"topics":[],"words":[{"text":"Thank","start":1627.47,"end":1627.67},{"text":"you","start":1627.67,"end":1627.75},{"text":"very","start":1627.75,"end":1627.95},{"text":"much,","start":1627.95,"end":1628.19},{"text":"Madam","start":1628.19,"end":1628.51},{"text":"Chair.","start":1628.51,"end":1629.07}]}]},{"sentences":[{"text":"In paragraph 30a, we propose in the first sentence to set it out as follows, English.","start":1630.51,"end":1637.95,"topics":[],"words":[{"text":"In","start":1630.51,"end":1630.83},{"text":"paragraph","start":1630.83,"end":1631.31},{"text":"30a,","start":1631.31,"end":1632.43},{"text":"we","start":1632.67,"end":1632.91},{"text":"propose","start":1632.91,"end":1633.71},{"text":"in","start":1634.11,"end":1634.43},{"text":"the","start":1634.43,"end":1634.59},{"text":"first","start":1634.67,"end":1634.91},{"text":"sentence","start":1634.91,"end":1635.39},{"text":"to","start":1635.39,"end":1635.59},{"text":"set","start":1635.59,"end":1635.71},{"text":"it","start":1635.71,"end":1635.79},{"text":"out","start":1635.79,"end":1636.07},{"text":"as","start":1636.07,"end":1636.19},{"text":"follows,","start":1636.19,"end":1636.99},{"text":"English.","start":1637.47,"end":1637.95}]}]},{"sentences":[{"text":"Ensure that international tax cooperation framework is inclusive and beneficial to all parties and not politically motivated.","start":1637.95,"end":1645.55,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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30H, we propose that the wording be deleted, the following wording be deleted, including in the form of global solidarity levies, that this be 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the fact that there's an absence of the relevant apparatus.","start":1707.75,"end":1712.55,"topics":[],"words":[{"text":"And","start":1707.75,"end":1708.23},{"text":"the","start":1708.47,"end":1708.59},{"text":"fact","start":1708.59,"end":1708.83},{"text":"that","start":1708.83,"end":1708.95},{"text":"there's","start":1708.95,"end":1709.23},{"text":"an","start":1709.23,"end":1709.35},{"text":"absence","start":1709.35,"end":1709.91},{"text":"of","start":1709.95,"end":1710.15},{"text":"the","start":1710.15,"end":1710.47},{"text":"relevant","start":1710.55,"end":1711.27},{"text":"apparatus.","start":1711.43,"end":1712.55}]},{"text":"Paragraph 31C, this needs to be amended for the full implementation of the United Nations Convention Against 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31D, the words sustainable and transparent practices for should be deleted because this practice violates the sovereign right of states for the in terms of 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Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"Regarding","start":1986.27,"end":1986.67},{"text":"literal","start":1986.67,"end":1987.15},{"text":"E,","start":1987.23,"end":1987.55},{"text":"Colombia","start":1987.71,"end":1988.19},{"text":"recognizes","start":1988.19,"end":1988.91},{"text":"the","start":1988.91,"end":1989.03},{"text":"value","start":1989.03,"end":1989.35},{"text":"of","start":1989.35,"end":1989.47},{"text":"automatic","start":1989.47,"end":1990.11},{"text":"exchange","start":1990.51,"end":1991.15},{"text":"of","start":1991.23,"end":1991.47},{"text":"information,","start":1991.55,"end":1992.27},{"text":"simplified","start":1992.27,"end":1992.91},{"text":"standards,","start":1992.91,"end":1993.55},{"text":"and","start":1993.55,"end":1993.79},{"text":"strengthened","start":1993.79,"end":1994.43},{"text":"country","start":1994.43,"end":1994.79},{"text":"by","start":1994.79,"end":1994.99},{"text":"country","start":1994.99,"end":1995.35},{"text":"reporting","start":1995.35,"end":1995.87},{"text":"of","start":1995.87,"end":1996.03},{"text":"multinational","start":1996.03,"end":1996.75},{"text":"enterprises","start":1996.75,"end":1997.43},{"text":"as","start":1997.43,"end":1997.55},{"text":"crucial","start":1997.55,"end":1998.11},{"text":"tools","start":1998.35,"end":1998.75},{"text":"to","start":1998.75,"end":1998.87},{"text":"combat","start":1998.87,"end":1999.51},{"text":"tax","start":1999.51,"end":1999.79},{"text":"avoidance","start":1999.79,"end":2000.35},{"text":"and","start":2000.67,"end":2000.87},{"text":"illicit","start":2000.87,"end":2001.27},{"text":"financial","start":2001.27,"end":2001.75},{"text":"flows.","start":2001.75,"end":2002.19}]},{"text":"However, to enhance transparency and accountability, it is also necessary to extend reporting obligations to high net worth individuals.","start":2002.75,"end":2011.15,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. 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Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"However,","start":2002.75,"end":2003.15},{"text":"to","start":2003.15,"end":2003.51},{"text":"enhance","start":2003.51,"end":2004.03},{"text":"transparency","start":2004.11,"end":2004.75},{"text":"and","start":2004.75,"end":2004.87},{"text":"accountability,","start":2004.87,"end":2005.55},{"text":"it","start":2005.79,"end":2005.95},{"text":"is","start":2005.99,"end":2006.11},{"text":"also","start":2006.11,"end":2006.43},{"text":"necessary","start":2006.43,"end":2007.07},{"text":"to","start":2007.07,"end":2007.31},{"text":"extend","start":2007.31,"end":2007.95},{"text":"reporting","start":2007.95,"end":2008.59},{"text":"obligations","start":2008.59,"end":2009.31},{"text":"to","start":2009.31,"end":2009.43},{"text":"high","start":2009.43,"end":2009.71},{"text":"net","start":2009.71,"end":2010.03},{"text":"worth","start":2010.03,"end":2010.39},{"text":"individuals.","start":2010.39,"end":2011.15}]},{"text":"Given the distinct nature of this issue, Colombia suggests addressing it in a separate provision within the document.","start":2012.35,"end":2019.31,"topics":[],"words":[{"text":"Given","start":2012.35,"end":2012.63},{"text":"the","start":2012.63,"end":2012.71},{"text":"distinct","start":2012.71,"end":2013.31},{"text":"nature","start":2013.31,"end":2013.79},{"text":"of","start":2013.79,"end":2013.95},{"text":"this","start":2013.95,"end":2014.27},{"text":"issue,","start":2014.27,"end":2014.59},{"text":"Colombia","start":2014.59,"end":2014.99},{"text":"suggests","start":2014.99,"end":2015.63},{"text":"addressing","start":2015.63,"end":2016.19},{"text":"it","start":2016.19,"end":2016.51},{"text":"in","start":2016.51,"end":2016.71},{"text":"a","start":2016.71,"end":2016.75},{"text":"separate","start":2016.75,"end":2017.23},{"text":"provision","start":2017.23,"end":2017.79},{"text":"within","start":2018.03,"end":2018.59},{"text":"the","start":2018.59,"end":2018.75},{"text":"document.","start":2018.75,"end":2019.31}]},{"text":"On literal age, Colombia acknowledges that global solidarity levies can contribute to addressing global challenges equitably.","start":2020.11,"end":2027.63,"topics":[],"words":[{"text":"On","start":2020.11,"end":2020.19},{"text":"literal","start":2020.19,"end":2020.67},{"text":"age,","start":2020.67,"end":2020.99},{"text":"Colombia","start":2020.99,"end":2021.59},{"text":"acknowledges","start":2021.59,"end":2022.27},{"text":"that","start":2022.27,"end":2022.51},{"text":"global","start":2022.51,"end":2022.83},{"text":"solidarity","start":2022.83,"end":2023.47},{"text":"levies","start":2023.47,"end":2023.95},{"text":"can","start":2024.35,"end":2024.59},{"text":"contribute","start":2024.59,"end":2025.35},{"text":"to","start":2025.35,"end":2025.43},{"text":"addressing","start":2025.43,"end":2025.91},{"text":"global","start":2025.91,"end":2026.27},{"text":"challenges","start":2026.27,"end":2026.83},{"text":"equitably.","start":2026.91,"end":2027.63}]},{"text":"However, ensuring mandatory compliance for all participants country is crucial to prevent distortions in capital mobility and investment flows, particularly for developing countries, Colombia suggests at paragraph 30 I. Underscoring the importance of ensuring that the voice of developing countries are adequately represented in global tax discussions, the negotiation of the UN Tax Framework Convention represent a key milestone to address this need.","start":2028.23,"end":2053.67,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"However,","start":2028.23,"end":2028.79},{"text":"ensuring","start":2028.79,"end":2029.43},{"text":"mandatory","start":2029.43,"end":2030.03},{"text":"compliance","start":2030.03,"end":2030.55},{"text":"for","start":2030.55,"end":2030.75},{"text":"all","start":2030.75,"end":2030.87},{"text":"participants","start":2030.87,"end":2031.43},{"text":"country","start":2031.43,"end":2031.71},{"text":"is","start":2031.71,"end":2031.83},{"text":"crucial","start":2031.83,"end":2032.15},{"text":"to","start":2032.15,"end":2032.27},{"text":"prevent","start":2032.27,"end":2032.67},{"text":"distortions","start":2032.67,"end":2033.35},{"text":"in","start":2033.35,"end":2033.51},{"text":"capital","start":2033.51,"end":2033.99},{"text":"mobility","start":2033.99,"end":2034.47},{"text":"and","start":2034.79,"end":2034.99},{"text":"investment","start":2034.99,"end":2035.63},{"text":"flows,","start":2035.63,"end":2035.91},{"text":"particularly","start":2035.91,"end":2036.63},{"text":"for","start":2036.63,"end":2036.79},{"text":"developing","start":2036.79,"end":2037.35},{"text":"countries,","start":2037.35,"end":2037.91},{"text":"Colombia","start":2038.23,"end":2038.59},{"text":"suggests","start":2038.59,"end":2039.11},{"text":"at","start":2039.19,"end":2039.35},{"text":"paragraph","start":2039.35,"end":2039.75},{"text":"30","start":2039.91,"end":2040.39},{"text":"I.","start":2040.55,"end":2040.87},{"text":"Underscoring","start":2041.47,"end":2042.07},{"text":"the","start":2042.07,"end":2042.15},{"text":"importance","start":2042.15,"end":2042.63},{"text":"of","start":2042.63,"end":2042.75},{"text":"ensuring","start":2042.75,"end":2043.43},{"text":"that","start":2043.43,"end":2043.67},{"text":"the","start":2043.67,"end":2043.99},{"text":"voice","start":2044.07,"end":2044.39},{"text":"of","start":2044.39,"end":2044.47},{"text":"developing","start":2044.47,"end":2044.95},{"text":"countries","start":2044.95,"end":2045.43},{"text":"are","start":2045.43,"end":2045.67},{"text":"adequately","start":2045.67,"end":2046.23},{"text":"represented","start":2046.23,"end":2046.95},{"text":"in","start":2046.95,"end":2047.03},{"text":"global","start":2047.03,"end":2047.35},{"text":"tax","start":2047.35,"end":2047.59},{"text":"discussions,","start":2047.59,"end":2048.23},{"text":"the","start":2048.47,"end":2048.67},{"text":"negotiation","start":2048.87,"end":2049.55},{"text":"of","start":2049.55,"end":2049.63},{"text":"the","start":2049.63,"end":2049.75},{"text":"UN","start":2049.75,"end":2050.07},{"text":"Tax","start":2050.07,"end":2050.35},{"text":"Framework","start":2050.35,"end":2050.75},{"text":"Convention","start":2050.75,"end":2051.19},{"text":"represent","start":2051.19,"end":2051.83},{"text":"a","start":2051.83,"end":2051.91},{"text":"key","start":2051.91,"end":2052.15},{"text":"milestone","start":2052.15,"end":2052.71},{"text":"to","start":2052.71,"end":2052.83},{"text":"address","start":2052.83,"end":2053.15},{"text":"this","start":2053.15,"end":2053.35},{"text":"need.","start":2053.35,"end":2053.67}]},{"text":"In parallel, as existing fiscal policy frameworks remain in place, Colombia calls on existing tax forums such as those led by the OECD.","start":2053.99,"end":2061.99,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"In","start":2053.99,"end":2054.11},{"text":"parallel,","start":2054.15,"end":2054.71},{"text":"as","start":2054.71,"end":2054.87},{"text":"existing","start":2054.87,"end":2055.51},{"text":"fiscal","start":2055.51,"end":2055.83},{"text":"policy","start":2055.83,"end":2056.23},{"text":"frameworks","start":2056.23,"end":2056.79},{"text":"remain","start":2056.79,"end":2057.19},{"text":"in","start":2057.19,"end":2057.27},{"text":"place,","start":2057.27,"end":2057.67},{"text":"Colombia","start":2057.91,"end":2058.31},{"text":"calls","start":2058.31,"end":2058.55},{"text":"on","start":2058.55,"end":2058.71},{"text":"existing","start":2058.71,"end":2059.19},{"text":"tax","start":2059.19,"end":2059.59},{"text":"forums","start":2059.59,"end":2059.91},{"text":"such","start":2059.91,"end":2060.15},{"text":"as","start":2060.15,"end":2060.31},{"text":"those","start":2060.31,"end":2060.63},{"text":"led","start":2060.63,"end":2060.87},{"text":"by","start":2060.87,"end":2061.11},{"text":"the","start":2061.11,"end":2061.23},{"text":"OECD.","start":2061.27,"end":2061.99}]},{"text":"to advance reforms that effectively reflect the interests of developing nations on equal footing and to constructively contribute to the development of the United Nations Framework Convention on International Tax Cooperation.","start":2062.55,"end":2074.55,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"to","start":2062.55,"end":2062.67},{"text":"advance","start":2062.67,"end":2063.19},{"text":"reforms","start":2063.19,"end":2063.67},{"text":"that","start":2063.67,"end":2063.91},{"text":"effectively","start":2063.91,"end":2064.55},{"text":"reflect","start":2064.55,"end":2065.15},{"text":"the","start":2065.15,"end":2065.31},{"text":"interests","start":2065.31,"end":2065.91},{"text":"of","start":2065.91,"end":2065.99},{"text":"developing","start":2065.99,"end":2066.55},{"text":"nations","start":2066.55,"end":2067.03},{"text":"on","start":2067.03,"end":2067.19},{"text":"equal","start":2067.19,"end":2067.51},{"text":"footing","start":2067.51,"end":2067.99},{"text":"and","start":2068.23,"end":2068.47},{"text":"to","start":2068.47,"end":2068.63},{"text":"constructively","start":2068.63,"end":2069.59},{"text":"contribute","start":2069.83,"end":2070.31},{"text":"to","start":2070.31,"end":2070.39},{"text":"the","start":2070.39,"end":2070.55},{"text":"development","start":2070.55,"end":2071.15},{"text":"of","start":2071.15,"end":2071.27},{"text":"the","start":2071.27,"end":2071.39},{"text":"United","start":2071.39,"end":2071.75},{"text":"Nations","start":2071.75,"end":2072.07},{"text":"Framework","start":2072.07,"end":2072.51},{"text":"Convention","start":2072.51,"end":2072.95},{"text":"on","start":2072.95,"end":2073.03},{"text":"International","start":2073.03,"end":2073.55},{"text":"Tax","start":2073.55,"end":2073.83},{"text":"Cooperation.","start":2073.83,"end":2074.55}]},{"text":"On paragraph 31, Colombia welcomes the effort to tackle illicit financial flows and calls to concrete action in this regard.","start":2075.15,"end":2081.83,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"On","start":2075.15,"end":2075.23},{"text":"paragraph","start":2075.27,"end":2075.63},{"text":"31,","start":2075.67,"end":2076.39},{"text":"Colombia","start":2076.55,"end":2076.95},{"text":"welcomes","start":2076.95,"end":2077.35},{"text":"the","start":2077.35,"end":2077.55},{"text":"effort","start":2077.55,"end":2077.87},{"text":"to","start":2077.87,"end":2077.99},{"text":"tackle","start":2077.99,"end":2078.31},{"text":"illicit","start":2078.31,"end":2078.71},{"text":"financial","start":2078.71,"end":2079.15},{"text":"flows","start":2079.15,"end":2079.59},{"text":"and","start":2079.95,"end":2080.07},{"text":"calls","start":2080.07,"end":2080.39},{"text":"to","start":2080.39,"end":2080.47},{"text":"concrete","start":2080.47,"end":2080.95},{"text":"action","start":2080.95,"end":2081.23},{"text":"in","start":2081.23,"end":2081.31},{"text":"this","start":2081.31,"end":2081.51},{"text":"regard.","start":2081.51,"end":2081.83}]},{"text":"Additionally, regarding paragraph 31, little, literal E, Colombia reserves its position on this provision until further, further consultation are conducted.","start":2081.83,"end":2091.67,"topics":[],"words":[{"text":"Additionally,","start":2081.83,"end":2082.39},{"text":"regarding","start":2082.39,"end":2082.91},{"text":"paragraph","start":2082.91,"end":2083.35},{"text":"31,","start":2083.59,"end":2084.15},{"text":"little,","start":2084.15,"end":2084.79},{"text":"literal","start":2084.79,"end":2085.27},{"text":"E,","start":2085.67,"end":2085.99},{"text":"Colombia","start":2085.99,"end":2086.47},{"text":"reserves","start":2086.47,"end":2086.95},{"text":"its","start":2086.95,"end":2087.19},{"text":"position","start":2087.19,"end":2087.83},{"text":"on","start":2087.83,"end":2087.99},{"text":"this","start":2087.99,"end":2088.19},{"text":"provision","start":2088.19,"end":2088.67},{"text":"until","start":2088.67,"end":2088.95},{"text":"further,","start":2088.95,"end":2089.43},{"text":"further","start":2089.67,"end":2090.15},{"text":"consultation","start":2090.15,"end":2090.95},{"text":"are","start":2090.95,"end":2091.19},{"text":"conducted.","start":2091.19,"end":2091.67}]},{"text":"Regarding paragraph 32, literal A, Colombia emphasizes the critical role of national development banks in mobilizing resources for sustainable development.","start":2092.27,"end":2100.39,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"Regarding","start":2092.27,"end":2092.67},{"text":"paragraph","start":2092.67,"end":2093.11},{"text":"32,","start":2093.15,"end":2093.87},{"text":"literal","start":2093.95,"end":2094.63},{"text":"A,","start":2094.63,"end":2094.67},{"text":"Colombia","start":2094.67,"end":2095.15},{"text":"emphasizes","start":2095.15,"end":2095.79},{"text":"the","start":2095.79,"end":2095.91},{"text":"critical","start":2095.91,"end":2096.27},{"text":"role","start":2096.27,"end":2096.55},{"text":"of","start":2096.55,"end":2096.67},{"text":"national","start":2096.67,"end":2097.03},{"text":"development","start":2097.03,"end":2097.51},{"text":"banks","start":2097.51,"end":2097.87},{"text":"in","start":2097.87,"end":2097.99},{"text":"mobilizing","start":2097.99,"end":2098.67},{"text":"resources","start":2098.67,"end":2099.15},{"text":"for","start":2099.15,"end":2099.31},{"text":"sustainable","start":2099.31,"end":2099.87},{"text":"development.","start":2099.87,"end":2100.39}]},{"text":"To maximize their impact, it is essential to ensure affordable financing and expand the range of financial instruments available to reduce credit risk and financing costs.","start":2100.39,"end":2110.67,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"To","start":2100.39,"end":2100.47},{"text":"maximize","start":2100.91,"end":2101.35},{"text":"their","start":2101.35,"end":2101.55},{"text":"impact,","start":2101.55,"end":2101.99},{"text":"it","start":2102.19,"end":2102.31},{"text":"is","start":2102.31,"end":2102.43},{"text":"essential","start":2102.43,"end":2102.91},{"text":"to","start":2102.91,"end":2103.03},{"text":"ensure","start":2103.03,"end":2103.47},{"text":"affordable","start":2103.47,"end":2104.03},{"text":"financing","start":2104.03,"end":2104.59},{"text":"and","start":2104.59,"end":2104.71},{"text":"expand","start":2104.71,"end":2105.23},{"text":"the","start":2105.55,"end":2105.67},{"text":"range","start":2105.67,"end":2106.03},{"text":"of","start":2106.03,"end":2106.11},{"text":"financial","start":2106.11,"end":2106.63},{"text":"instruments","start":2106.63,"end":2107.15},{"text":"available","start":2107.15,"end":2107.71},{"text":"to","start":2107.71,"end":2107.87},{"text":"reduce","start":2107.87,"end":2108.43},{"text":"credit","start":2108.43,"end":2108.91},{"text":"risk","start":2108.91,"end":2109.23},{"text":"and","start":2109.59,"end":2109.75},{"text":"financing","start":2109.75,"end":2110.27},{"text":"costs.","start":2110.27,"end":2110.67}]},{"text":"Tools such as first loss capital guarantees and insurance mechanisms can enhance the ability to these institutions to leverage additional resources and promote inclusive development.","start":2110.99,"end":2121.79,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."},{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Tools","start":2110.99,"end":2111.23},{"text":"such","start":2111.23,"end":2111.51},{"text":"as","start":2111.51,"end":2111.63},{"text":"first","start":2111.63,"end":2111.95},{"text":"loss","start":2111.95,"end":2112.19},{"text":"capital","start":2112.19,"end":2112.59},{"text":"guarantees","start":2112.59,"end":2113.15},{"text":"and","start":2113.15,"end":2113.31},{"text":"insurance","start":2113.31,"end":2113.79},{"text":"mechanisms","start":2113.79,"end":2114.31},{"text":"can","start":2114.59,"end":2114.83},{"text":"enhance","start":2114.83,"end":2115.31},{"text":"the","start":2115.31,"end":2115.47},{"text":"ability","start":2115.47,"end":2115.95},{"text":"to","start":2115.95,"end":2116.19},{"text":"these","start":2116.27,"end":2116.59},{"text":"institutions","start":2116.59,"end":2117.23},{"text":"to","start":2117.23,"end":2117.35},{"text":"leverage","start":2117.35,"end":2117.87},{"text":"additional","start":2118.35,"end":2118.83},{"text":"resources","start":2118.83,"end":2119.31},{"text":"and","start":2119.31,"end":2119.43},{"text":"promote","start":2119.43,"end":2119.95},{"text":"inclusive","start":2119.95,"end":2120.39},{"text":"development.","start":2120.83,"end":2121.79}]},{"text":"And finally, I request a space to return to paragraph 29K, Chair.","start":2122.67,"end":2127.11,"topics":[],"words":[{"text":"And","start":2122.67,"end":2122.79},{"text":"finally,","start":2122.79,"end":2123.27},{"text":"I","start":2123.27,"end":2123.43},{"text":"request","start":2123.43,"end":2123.99},{"text":"a","start":2124.15,"end":2124.23},{"text":"space","start":2124.23,"end":2124.67},{"text":"to","start":2124.67,"end":2124.75},{"text":"return","start":2124.75,"end":2125.11},{"text":"to","start":2125.11,"end":2125.19},{"text":"paragraph","start":2125.19,"end":2125.67},{"text":"29K,","start":2125.67,"end":2126.63},{"text":"Chair.","start":2126.71,"end":2127.11}]},{"text":"Colombia stresses that the 15% tax to GDP ratio should be considered indicative as fiscal realities vary across countries.","start":2127.83,"end":2136.95,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"In","start":2195.55,"end":2195.71},{"text":"paragraph","start":2195.71,"end":2196.11},{"text":"31B,","start":2196.11,"end":2197.31},{"text":"We","start":2197.83,"end":2197.91},{"text":"support","start":2197.91,"end":2198.35},{"text":"the","start":2198.35,"end":2198.43},{"text":"reference","start":2198.43,"end":2199.03},{"text":"to","start":2199.03,"end":2199.19},{"text":"an","start":2199.23,"end":2199.35},{"text":"ECOSOC","start":2199.35,"end":2199.91},{"text":"special","start":2200.31,"end":2200.79},{"text":"meeting","start":2200.79,"end":2201.27},{"text":"on","start":2201.27,"end":2201.43},{"text":"financial","start":2201.43,"end":2201.95},{"text":"integrity.","start":2201.95,"end":2202.63}]},{"text":"We suggest that the scope of the meeting be expanded to include developing norms and standards.","start":2202.95,"end":2209.59,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. 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Australia.","start":2882.51,"end":2888.59,"topics":[],"words":[{"text":"I","start":2882.51,"end":2882.75},{"text":"thank","start":2882.75,"end":2883.15},{"text":"you,","start":2883.15,"end":2883.39},{"text":"and","start":2883.55,"end":2883.95},{"text":"I","start":2884.27,"end":2884.43},{"text":"now","start":2884.43,"end":2884.67},{"text":"give","start":2884.67,"end":2884.87},{"text":"the","start":2884.87,"end":2884.99},{"text":"floor","start":2884.99,"end":2885.31},{"text":"to","start":2885.31,"end":2885.47},{"text":"the","start":2885.47,"end":2885.55},{"text":"Republic","start":2885.55,"end":2886.11},{"text":"of","start":2886.11,"end":2886.27},{"text":"Korea,","start":2886.27,"end":2886.83},{"text":"then","start":2886.83,"end":2887.15},{"text":"Canada,","start":2887.15,"end":2887.71},{"text":"then","start":2887.71,"end":2887.95},{"text":"Australia.","start":2887.95,"end":2888.59}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":48,"start":2891.23,"pageUrl":"/en/asset/k10/k100hn2hrf?t=2892","paragraphs":[{"sentences":[{"text":"Thank you, Madam co-facilitator.","start":2891.23,"end":2892.99,"topics":[],"words":[{"text":"Thank","start":2891.23,"end":2891.47},{"text":"you,","start":2891.47,"end":2891.55},{"text":"Madam","start":2891.55,"end":2891.87},{"text":"co-facilitator.","start":2891.87,"end":2892.99}]},{"text":"I would like to raise a point in paragraph 30 regarding the pre-built fully inclusive and effective international tax architecture, while the intention behind the fully inclusive is clear, the term fully may also be ambiguous in its scope and feasibility.","start":2893.63,"end":2911.55,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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Australia, then Burkina Faso, then Peru.","start":3049.47,"end":3053.15,"topics":[],"words":[{"text":"Thank","start":3049.47,"end":3049.71},{"text":"you.","start":3049.71,"end":3049.95},{"text":"Australia,","start":3050.15,"end":3050.99},{"text":"then","start":3051.23,"end":3051.55},{"text":"Burkina","start":3051.55,"end":3052.03},{"text":"Faso,","start":3052.03,"end":3052.47},{"text":"then","start":3052.47,"end":3052.67},{"text":"Peru.","start":3052.67,"end":3053.15}]},{"text":"Australia, you have the floor.","start":3053.15,"end":3054.51,"topics":[],"words":[{"text":"Australia,","start":3053.15,"end":3053.71},{"text":"you","start":3053.71,"end":3053.79},{"text":"have","start":3053.79,"end":3053.95},{"text":"the","start":3053.95,"end":3054.11},{"text":"floor.","start":3054.11,"end":3054.51}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":52,"start":3056.43,"pageUrl":"/en/asset/k10/k100hn2hrf?t=3057","paragraphs":[{"sentences":[{"text":"Thank you, Madam Chair.","start":3056.43,"end":3057.27,"topics":[],"words":[{"text":"Thank","start":3056.43,"end":3056.63},{"text":"you,","start":3056.63,"end":3056.71},{"text":"Madam","start":3056.71,"end":3056.99},{"text":"Chair.","start":3056.99,"end":3057.27}]},{"text":"With regarding 30B, Australia recognizes the importance of international tax cooperation.","start":3058.11,"end":3065.39,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"With","start":3058.11,"end":3058.35},{"text":"regarding","start":3058.51,"end":3059.23},{"text":"30B,","start":3059.47,"end":3061.07},{"text":"Australia","start":3061.43,"end":3061.83},{"text":"recognizes","start":3061.83,"end":3062.55},{"text":"the","start":3062.55,"end":3062.63},{"text":"importance","start":3062.63,"end":3063.23},{"text":"of","start":3063.23,"end":3063.31},{"text":"international","start":3063.31,"end":3064.19},{"text":"tax","start":3064.19,"end":3064.51},{"text":"cooperation.","start":3064.51,"end":3065.39}]},{"text":"There is a significant body of work being undertaken on this issue in other forums such as the OECD and we caution against duplicating or detracting from efforts.","start":3066.19,"end":3076.35,"topics":[],"words":[{"text":"There","start":3066.19,"end":3066.27},{"text":"is","start":3066.27,"end":3066.43},{"text":"a","start":3066.43,"end":3066.47},{"text":"significant","start":3066.47,"end":3067.19},{"text":"body","start":3067.19,"end":3067.51},{"text":"of","start":3067.51,"end":3067.63},{"text":"work","start":3067.63,"end":3067.95},{"text":"being","start":3067.95,"end":3068.27},{"text":"undertaken","start":3068.27,"end":3068.99},{"text":"on","start":3068.99,"end":3069.15},{"text":"this","start":3069.15,"end":3069.39},{"text":"issue","start":3069.39,"end":3069.83},{"text":"in","start":3069.83,"end":3070.03},{"text":"other","start":3070.03,"end":3070.27},{"text":"forums","start":3070.27,"end":3070.91},{"text":"such","start":3070.91,"end":3071.27},{"text":"as","start":3071.27,"end":3071.39},{"text":"the","start":3071.39,"end":3071.51},{"text":"OECD","start":3071.51,"end":3072.35},{"text":"and","start":3072.51,"end":3072.63},{"text":"we","start":3072.63,"end":3072.75},{"text":"caution","start":3072.75,"end":3073.19},{"text":"against","start":3073.19,"end":3073.75},{"text":"duplicating","start":3073.75,"end":3074.43},{"text":"or","start":3074.43,"end":3074.55},{"text":"detracting","start":3074.55,"end":3075.23},{"text":"from","start":3075.23,"end":3075.55},{"text":"efforts.","start":3075.63,"end":3076.35}]},{"text":"Regarding paragraph 30e, support for developing economies to maximize their accessibility to exchange of information also needs to be balanced against ensuring appropriate confidentiality and safeguards.","start":3077.47,"end":3092.75,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. 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Peru, Brazil, and Cuba, you have the floor, starting with Peru.","start":3405.15,"end":3410.27,"topics":[],"words":[{"text":"Thank","start":3405.15,"end":3405.31},{"text":"you","start":3405.31,"end":3405.39},{"text":"very","start":3405.39,"end":3405.59},{"text":"much,","start":3405.59,"end":3405.79},{"text":"Burkina","start":3405.79,"end":3406.15},{"text":"Faso.","start":3406.15,"end":3406.47},{"text":"Peru,","start":3406.47,"end":3406.91},{"text":"Brazil,","start":3406.99,"end":3407.63},{"text":"and","start":3407.63,"end":3407.83},{"text":"Cuba,","start":3407.87,"end":3408.27},{"text":"you","start":3408.35,"end":3408.51},{"text":"have","start":3408.51,"end":3408.71},{"text":"the","start":3408.71,"end":3408.83},{"text":"floor,","start":3408.83,"end":3409.15},{"text":"starting","start":3409.23,"end":3409.71},{"text":"with","start":3409.71,"end":3409.87},{"text":"Peru.","start":3409.87,"end":3410.27}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":56,"start":3415.79,"pageUrl":"/en/asset/k10/k100hn2hrf?t=3416","paragraphs":[{"sentences":[{"text":"I thank you.","start":3415.79,"end":3417.67,"topics":[],"words":[{"text":"I","start":3415.79,"end":3415.95},{"text":"thank","start":3417.23,"end":3417.47},{"text":"you.","start":3417.47,"end":3417.67}]},{"text":"Thank you, co-facilitator, for giving me the floor.","start":3418.87,"end":3420.59,"topics":[],"words":[{"text":"Thank","start":3418.87,"end":3418.99},{"text":"you,","start":3418.99,"end":3419.07},{"text":"co-facilitator,","start":3419.11,"end":3419.87},{"text":"for","start":3419.87,"end":3419.99},{"text":"giving","start":3419.99,"end":3420.19},{"text":"me","start":3420.19,"end":3420.31},{"text":"the","start":3420.31,"end":3420.39},{"text":"floor.","start":3420.39,"end":3420.59}]},{"text":"I wish to refer to 30c.","start":3420.59,"end":3424.03,"topics":[],"words":[{"text":"I","start":3420.59,"end":3420.83},{"text":"wish","start":3420.83,"end":3421.23},{"text":"to","start":3421.23,"end":3421.63},{"text":"refer","start":3421.63,"end":3422.19},{"text":"to","start":3422.19,"end":3422.43},{"text":"30c.","start":3422.83,"end":3424.03}]},{"text":"We suggest here the inclusion of a paragraph related to the issue of the early protocol on the convention of international tax cooperation related to tax on income related to the provision of cross-border services in an increasingly digitised and global economy.","start":3424.27,"end":3445.79,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. 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Sierra Leone aligns itself with the statement made by G77 and China, the African Union Group, and the LDC Group.","start":4020.15,"end":4031.75,"topics":[],"words":[{"text":"Thank","start":4020.15,"end":4020.31},{"text":"you,","start":4020.31,"end":4020.43},{"text":"Madam","start":4020.43,"end":4020.79},{"text":"Chair.","start":4020.79,"end":4021.19},{"text":"Sierra","start":4022.55,"end":4022.87},{"text":"Leone","start":4022.87,"end":4023.11},{"text":"aligns","start":4023.11,"end":4023.67},{"text":"itself","start":4023.67,"end":4024.23},{"text":"with","start":4024.23,"end":4024.43},{"text":"the","start":4024.63,"end":4024.79},{"text":"statement","start":4024.79,"end":4025.23},{"text":"made","start":4025.23,"end":4025.43},{"text":"by","start":4025.43,"end":4025.67},{"text":"G77","start":4025.67,"end":4026.47},{"text":"and","start":4026.47,"end":4026.83},{"text":"China,","start":4026.83,"end":4027.35},{"text":"the","start":4028.23,"end":4028.31},{"text":"African","start":4028.31,"end":4028.87},{"text":"Union","start":4028.87,"end":4029.43},{"text":"Group,","start":4029.59,"end":4029.91},{"text":"and","start":4030.47,"end":4030.79},{"text":"the","start":4030.79,"end":4030.87},{"text":"LDC","start":4030.87,"end":4031.35},{"text":"Group.","start":4031.35,"end":4031.75}]},{"text":"On our national capacity, we appreciate the fact that the document underscores the importance of national development banks to sustainable development.","start":4035.19,"end":4049.55,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"And","start":4050.43,"end":4050.75},{"text":"we","start":4051.71,"end":4052.11},{"text":"think","start":4052.11,"end":4052.51},{"text":"that,","start":4052.51,"end":4052.91},{"text":"especially","start":4053.23,"end":4053.87},{"text":"for","start":4053.87,"end":4054.07},{"text":"countries","start":4054.07,"end":4054.51},{"text":"that","start":4054.51,"end":4054.67},{"text":"do","start":4054.67,"end":4054.75},{"text":"not","start":4054.75,"end":4054.91},{"text":"have","start":4054.91,"end":4055.07},{"text":"access","start":4055.07,"end":4055.47},{"text":"to","start":4055.47,"end":4055.95},{"text":"international","start":4056.59,"end":4057.15},{"text":"capital","start":4057.15,"end":4057.51},{"text":"market,","start":4057.51,"end":4057.83},{"text":"this","start":4057.83,"end":4058.03},{"text":"is","start":4058.03,"end":4058.23},{"text":"really","start":4058.23,"end":4058.51},{"text":"crucial.","start":4058.51,"end":4058.99}]},{"text":"It is on that note that we call for a review of the language in paragraph 32A.","start":4059.39,"end":4065.99,"topics":[],"words":[{"text":"It","start":4059.39,"end":4059.55},{"text":"is","start":4059.55,"end":4059.79},{"text":"on","start":4059.79,"end":4059.95},{"text":"that","start":4059.95,"end":4060.19},{"text":"note","start":4060.19,"end":4060.43},{"text":"that","start":4060.43,"end":4060.75},{"text":"we","start":4060.75,"end":4061.07},{"text":"call","start":4061.07,"end":4061.47},{"text":"for","start":4061.47,"end":4062.11},{"text":"a","start":4062.11,"end":4062.15},{"text":"review","start":4062.15,"end":4062.43},{"text":"of","start":4062.43,"end":4062.51},{"text":"the","start":4062.51,"end":4062.67},{"text":"language","start":4062.67,"end":4063.47},{"text":"in","start":4064.23,"end":4064.47},{"text":"paragraph","start":4064.47,"end":4065.03},{"text":"32A.","start":4065.03,"end":4065.99}]},{"text":"So for the first part, instead of saying we encourage countries with development banks to reinforce their capacities, it could read as we call on countries with development banks to reinforce their capacities.","start":4066.15,"end":4082.47,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"The","start":4083.11,"end":4083.31},{"text":"second","start":4083.31,"end":4083.59},{"text":"part","start":4083.59,"end":4083.91},{"text":"of","start":4083.91,"end":4084.03},{"text":"that","start":4084.03,"end":4084.23},{"text":"paragraph","start":4084.23,"end":4084.95},{"text":"says","start":4086.23,"end":4086.63},{"text":"that","start":4086.63,"end":4086.95},{"text":"call","start":4087.35,"end":4087.79},{"text":"on","start":4087.79,"end":4087.99},{"text":"countries","start":4087.99,"end":4088.55},{"text":"without","start":4088.55,"end":4088.91},{"text":"development","start":4088.91,"end":4089.39},{"text":"banks","start":4089.39,"end":4089.63},{"text":"to","start":4089.63,"end":4089.83},{"text":"establish","start":4089.83,"end":4090.31},{"text":"such","start":4090.31,"end":4090.79},{"text":"institutions.","start":4090.79,"end":4091.59}]},{"text":"We are suggesting that it should read as, we commit to provide support to countries without development banks to establish such institutions.","start":4092.23,"end":4101.11,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":4092.23,"end":4092.47},{"text":"are","start":4092.47,"end":4092.55},{"text":"suggesting","start":4092.55,"end":4093.15},{"text":"that","start":4093.15,"end":4093.35},{"text":"it","start":4093.35,"end":4093.55},{"text":"should","start":4093.55,"end":4093.83},{"text":"read","start":4093.83,"end":4094.07},{"text":"as,","start":4094.07,"end":4094.47},{"text":"we","start":4094.95,"end":4095.11},{"text":"commit","start":4095.11,"end":4095.63},{"text":"to","start":4095.63,"end":4095.83},{"text":"provide","start":4095.83,"end":4096.27},{"text":"support","start":4096.27,"end":4096.75},{"text":"to","start":4096.75,"end":4096.87},{"text":"countries","start":4096.87,"end":4097.43},{"text":"without","start":4097.43,"end":4097.75},{"text":"development","start":4097.75,"end":4098.35},{"text":"banks","start":4098.35,"end":4098.63},{"text":"to","start":4098.63,"end":4098.87},{"text":"establish","start":4098.87,"end":4099.51},{"text":"such","start":4099.75,"end":4100.15},{"text":"institutions.","start":4100.15,"end":4101.11}]},{"text":"We think this is really important and Sierra Leone is ready to submit a written statement on this.","start":4101.43,"end":4107.75,"topics":[],"words":[{"text":"We","start":4101.43,"end":4101.59},{"text":"think","start":4101.59,"end":4101.83},{"text":"this","start":4101.83,"end":4102.07},{"text":"is","start":4102.07,"end":4102.23},{"text":"really","start":4102.23,"end":4102.51},{"text":"important","start":4102.51,"end":4103.11},{"text":"and","start":4103.11,"end":4103.51},{"text":"Sierra","start":4104.15,"end":4104.55},{"text":"Leone","start":4104.55,"end":4104.83},{"text":"is","start":4104.83,"end":4104.95},{"text":"ready","start":4104.95,"end":4105.27},{"text":"to","start":4105.27,"end":4105.39},{"text":"submit","start":4105.39,"end":4106.15},{"text":"a","start":4106.15,"end":4106.19},{"text":"written","start":4106.19,"end":4106.63},{"text":"statement","start":4106.63,"end":4107.27},{"text":"on","start":4107.27,"end":4107.43},{"text":"this.","start":4107.43,"end":4107.75}]},{"text":"Thank you so much.","start":4108.07,"end":4108.95,"topics":[],"words":[{"text":"Thank","start":4108.07,"end":4108.31},{"text":"you","start":4108.31,"end":4108.39},{"text":"so","start":4108.39,"end":4108.63},{"text":"much.","start":4108.63,"end":4108.95}]}]}],"speaker":{"name":null,"affiliation":"SLE","affiliation_full":"Sierra Leone","group":null,"function":"Representative"}},{"statement_number":67,"start":4111.03,"pageUrl":"/en/asset/k10/k100hn2hrf?t=4112","paragraphs":[{"sentences":[{"text":"Thank you.","start":4111.03,"end":4111.51,"topics":[],"words":[{"text":"Thank","start":4111.03,"end":4111.35},{"text":"you.","start":4111.35,"end":4111.51}]},{"text":"Pakistan, you have the floor.","start":4111.59,"end":4113.03,"topics":[],"words":[{"text":"Pakistan,","start":4111.59,"end":4112.15},{"text":"you","start":4112.15,"end":4112.31},{"text":"have","start":4112.31,"end":4112.47},{"text":"the","start":4112.47,"end":4112.59},{"text":"floor.","start":4112.59,"end":4113.03}]}]}],"speaker":{"name":"Alicia","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":68,"start":4115.03,"pageUrl":"/en/asset/k10/k100hn2hrf?t=4116","paragraphs":[{"sentences":[{"text":"Thank you, co-facilitator.","start":4115.03,"end":4116.23,"topics":[],"words":[{"text":"Thank","start":4115.03,"end":4115.27},{"text":"you,","start":4115.27,"end":4115.35},{"text":"co-facilitator.","start":4115.35,"end":4116.23}]},{"text":"In paragraph 30, a we request that the reference to frameworks be deleted and the focus be on ensuring that international tax cooperation is beneficial to all parties in order to ensure their participation on an equal footing.","start":4117.83,"end":4132.87,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"In","start":4117.83,"end":4118.07},{"text":"paragraph","start":4118.07,"end":4118.63},{"text":"30,","start":4118.71,"end":4119.35},{"text":"a","start":4120.55,"end":4120.59},{"text":"we","start":4120.59,"end":4121.03},{"text":"request","start":4121.11,"end":4121.75},{"text":"that","start":4121.75,"end":4121.99},{"text":"the","start":4121.99,"end":4122.07},{"text":"reference","start":4122.07,"end":4122.51},{"text":"to","start":4122.51,"end":4122.63},{"text":"frameworks","start":4122.63,"end":4123.19},{"text":"be","start":4123.19,"end":4123.31},{"text":"deleted","start":4123.31,"end":4123.83},{"text":"and","start":4124.47,"end":4124.63},{"text":"the","start":4124.63,"end":4124.71},{"text":"focus","start":4124.71,"end":4125.19},{"text":"be","start":4125.19,"end":4125.43},{"text":"on","start":4125.43,"end":4125.55},{"text":"ensuring","start":4125.55,"end":4126.31},{"text":"that","start":4126.31,"end":4126.47},{"text":"international","start":4126.47,"end":4127.03},{"text":"tax","start":4127.03,"end":4127.35},{"text":"cooperation","start":4127.35,"end":4127.99},{"text":"is","start":4127.99,"end":4128.11},{"text":"beneficial","start":4128.11,"end":4128.67},{"text":"to","start":4128.67,"end":4128.79},{"text":"all","start":4128.79,"end":4128.95},{"text":"parties","start":4128.95,"end":4129.59},{"text":"in","start":4129.99,"end":4130.15},{"text":"order","start":4130.15,"end":4130.39},{"text":"to","start":4130.39,"end":4130.51},{"text":"ensure","start":4130.51,"end":4130.95},{"text":"their","start":4130.95,"end":4131.11},{"text":"participation","start":4131.11,"end":4131.91},{"text":"on","start":4131.91,"end":4132.03},{"text":"an","start":4132.03,"end":4132.15},{"text":"equal","start":4132.15,"end":4132.39},{"text":"footing.","start":4132.39,"end":4132.87}]},{"text":"we support paragraph thirty b c and d in paragraph thirty e we propose the addition of countries facing specific challenges.","start":4133.99,"end":4144.55,"topics":[{"key":"international-tax","label":"International Tax Cooperation","description":"Delegations discussed building a more inclusive international tax architecture, including the UN Framework Convention on International Tax Cooperation, fairer allocation of taxing rights, and ensuring multinational enterprises pay taxes where value is created. Many speakers also called for technical assistance so developing countries can participate effectively in tax rule-making and implementation."}],"words":[{"text":"we","start":4133.99,"end":4134.15},{"text":"support","start":4134.15,"end":4134.59},{"text":"paragraph","start":4134.59,"end":4135.03},{"text":"thirty","start":4135.03,"end":4135.51},{"text":"b","start":4135.51,"end":4135.99},{"text":"c","start":4135.99,"end":4136.47},{"text":"and","start":4136.47,"end":4136.75},{"text":"d","start":4136.75,"end":4137.11},{"text":"in","start":4138.31,"end":4138.55},{"text":"paragraph","start":4138.55,"end":4138.95},{"text":"thirty","start":4138.95,"end":4139.75},{"text":"e","start":4140.15,"end":4140.19},{"text":"we","start":4140.19,"end":4140.31},{"text":"propose","start":4140.31,"end":4140.79},{"text":"the","start":4140.79,"end":4140.91},{"text":"addition","start":4140.91,"end":4141.43},{"text":"of","start":4141.43,"end":4141.67},{"text":"countries","start":4142.31,"end":4142.87},{"text":"facing","start":4142.87,"end":4143.27},{"text":"specific","start":4143.27,"end":4143.83},{"text":"challenges.","start":4143.83,"end":4144.55}]},{"text":"in the listing and suggest that the paragraph contain an outright commitment to establishing a global beneficial ownership registry rather than simply further evaluating.","start":4144.95,"end":4154.71,"topics":[{"key":"beneficial-ownership","label":"Beneficial Ownership Transparency","description":"Several statements focused on transparency of beneficial ownership, including proposals for stronger registries, wider disclosure of ownership information, and possible global mechanisms or linked registries. 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the right balance between national and global actions is critical for the group.","start":5005.55,"end":5009.71,"topics":[],"words":[{"text":"Attaining","start":5005.55,"end":5005.95},{"text":"the","start":5005.95,"end":5006.07},{"text":"right","start":5006.07,"end":5006.27},{"text":"balance","start":5006.27,"end":5006.75},{"text":"between","start":5006.75,"end":5007.19},{"text":"national","start":5007.19,"end":5007.63},{"text":"and","start":5007.63,"end":5007.75},{"text":"global","start":5007.75,"end":5008.03},{"text":"actions","start":5008.03,"end":5008.51},{"text":"is","start":5008.51,"end":5008.67},{"text":"critical","start":5008.67,"end":5009.07},{"text":"for","start":5009.07,"end":5009.23},{"text":"the","start":5009.23,"end":5009.35},{"text":"group.","start":5009.35,"end":5009.71}]},{"text":"We reiterate our position that private resources may not be suitable for all sectors and countries and thus not a substitute for traditional 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Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"We","start":5010.67,"end":5010.83},{"text":"reiterate","start":5010.83,"end":5011.35},{"text":"our","start":5011.35,"end":5011.47},{"text":"position","start":5011.47,"end":5012.11},{"text":"that","start":5012.11,"end":5012.35},{"text":"private","start":5012.35,"end":5012.75},{"text":"resources","start":5012.75,"end":5013.39},{"text":"may","start":5013.39,"end":5013.55},{"text":"not","start":5013.55,"end":5013.79},{"text":"be","start":5013.79,"end":5013.95},{"text":"suitable","start":5013.95,"end":5014.43},{"text":"for","start":5014.43,"end":5014.59},{"text":"all","start":5014.59,"end":5014.83},{"text":"sectors","start":5014.83,"end":5015.27},{"text":"and","start":5015.27,"end":5015.43},{"text":"countries","start":5015.43,"end":5016.03},{"text":"and","start":5016.43,"end":5016.67},{"text":"thus","start":5016.67,"end":5017.07},{"text":"not","start":5017.23,"end":5017.55},{"text":"a","start":5017.55,"end":5017.63},{"text":"substitute","start":5017.63,"end":5018.19},{"text":"for","start":5018.19,"end":5018.31},{"text":"traditional","start":5018.31,"end":5018.87},{"text":"ODA.","start":5018.87,"end":5019.19}]},{"text":"The group reaffirms that private international capital should complement and be aligned with national development plans and priorities, and this can be better reflected in the text upfront.","start":5020.43,"end":5030.27,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"The","start":5020.43,"end":5020.59},{"text":"group","start":5020.59,"end":5020.83},{"text":"reaffirms","start":5020.83,"end":5021.47},{"text":"that","start":5021.47,"end":5021.63},{"text":"private","start":5021.63,"end":5022.03},{"text":"international","start":5022.03,"end":5022.59},{"text":"capital","start":5022.59,"end":5023.07},{"text":"should","start":5023.07,"end":5023.23},{"text":"complement","start":5023.23,"end":5023.91},{"text":"and","start":5023.91,"end":5024.07},{"text":"be","start":5024.07,"end":5024.19},{"text":"aligned","start":5024.19,"end":5024.63},{"text":"with","start":5024.63,"end":5024.79},{"text":"national","start":5024.79,"end":5025.23},{"text":"development","start":5025.23,"end":5025.75},{"text":"plans","start":5025.75,"end":5026.15},{"text":"and","start":5026.15,"end":5026.27},{"text":"priorities,","start":5026.27,"end":5027.07},{"text":"and","start":5027.63,"end":5027.75},{"text":"this","start":5027.75,"end":5027.95},{"text":"can","start":5027.95,"end":5028.07},{"text":"be","start":5028.07,"end":5028.19},{"text":"better","start":5028.19,"end":5028.51},{"text":"reflected","start":5028.51,"end":5029.07},{"text":"in","start":5029.07,"end":5029.15},{"text":"the","start":5029.15,"end":5029.23},{"text":"text","start":5029.23,"end":5029.63},{"text":"upfront.","start":5029.63,"end":5030.27}]},{"text":"Although there is a call for all blended finance to be aligned with national sustainable development priorities and industrialization strategies and promote country-led ownership, this should apply to all forms of private capital mobilization.","start":5031.23,"end":5045.07,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."},{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Although","start":5031.23,"end":5031.47},{"text":"there","start":5031.47,"end":5031.63},{"text":"is","start":5031.63,"end":5031.71},{"text":"a","start":5031.71,"end":5031.79},{"text":"call","start":5031.79,"end":5032.11},{"text":"for","start":5032.11,"end":5032.59},{"text":"all","start":5032.59,"end":5032.83},{"text":"blended","start":5032.83,"end":5033.23},{"text":"finance","start":5033.23,"end":5033.71},{"text":"to","start":5033.71,"end":5033.83},{"text":"be","start":5033.83,"end":5033.95},{"text":"aligned","start":5033.95,"end":5034.59},{"text":"with","start":5034.59,"end":5034.83},{"text":"national","start":5034.83,"end":5035.27},{"text":"sustainable","start":5035.27,"end":5035.79},{"text":"development","start":5035.79,"end":5036.31},{"text":"priorities","start":5036.31,"end":5037.07},{"text":"and","start":5037.31,"end":5037.55},{"text":"industrialization","start":5037.55,"end":5038.51},{"text":"strategies","start":5038.51,"end":5039.23},{"text":"and","start":5039.47,"end":5039.67},{"text":"promote","start":5039.67,"end":5040.03},{"text":"country-led","start":5040.03,"end":5040.67},{"text":"ownership,","start":5040.67,"end":5041.23},{"text":"this","start":5041.71,"end":5041.91},{"text":"should","start":5041.91,"end":5042.11},{"text":"apply","start":5042.11,"end":5042.43},{"text":"to","start":5042.43,"end":5042.59},{"text":"all","start":5042.59,"end":5042.83},{"text":"forms","start":5042.83,"end":5043.27},{"text":"of","start":5043.27,"end":5043.35},{"text":"private","start":5043.35,"end":5043.79},{"text":"capital","start":5043.79,"end":5044.27},{"text":"mobilization.","start":5044.27,"end":5045.07}]},{"text":"We support the section on remittances in paragraph 34 and call for its strengthening, as it largely repeats language from Addis.","start":5046.35,"end":5053.95,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"We","start":5046.35,"end":5046.47},{"text":"support","start":5046.47,"end":5046.83},{"text":"the","start":5046.83,"end":5046.91},{"text":"section","start":5046.91,"end":5047.39},{"text":"on","start":5047.39,"end":5047.47},{"text":"remittances","start":5047.47,"end":5048.19},{"text":"in","start":5048.19,"end":5048.35},{"text":"paragraph","start":5048.35,"end":5048.79},{"text":"34","start":5048.79,"end":5049.55},{"text":"and","start":5049.87,"end":5050.07},{"text":"call","start":5050.07,"end":5050.35},{"text":"for","start":5050.35,"end":5050.47},{"text":"its","start":5050.47,"end":5050.63},{"text":"strengthening,","start":5050.63,"end":5051.31},{"text":"as","start":5051.55,"end":5051.71},{"text":"it","start":5051.71,"end":5051.79},{"text":"largely","start":5051.79,"end":5052.35},{"text":"repeats","start":5052.35,"end":5052.83},{"text":"language","start":5052.83,"end":5053.27},{"text":"from","start":5053.27,"end":5053.47},{"text":"Addis.","start":5053.47,"end":5053.95}]},{"text":"This can be done by reaffirming the positive contribution of migrants to the sustainable development of countries of origin, transit and destination.","start":5054.79,"end":5062.71,"topics":[],"words":[{"text":"This","start":5054.79,"end":5054.91},{"text":"can","start":5054.91,"end":5055.03},{"text":"be","start":5055.03,"end":5055.19},{"text":"done","start":5055.19,"end":5055.35},{"text":"by","start":5055.35,"end":5055.51},{"text":"reaffirming","start":5055.51,"end":5056.31},{"text":"the","start":5056.31,"end":5056.47},{"text":"positive","start":5056.47,"end":5057.03},{"text":"contribution","start":5057.03,"end":5057.71},{"text":"of","start":5057.71,"end":5057.79},{"text":"migrants","start":5057.79,"end":5058.31},{"text":"to","start":5058.31,"end":5058.47},{"text":"the","start":5058.47,"end":5058.55},{"text":"sustainable","start":5058.55,"end":5059.15},{"text":"development","start":5059.15,"end":5059.83},{"text":"of","start":5060.11,"end":5060.23},{"text":"countries","start":5060.23,"end":5060.59},{"text":"of","start":5060.59,"end":5060.71},{"text":"origin,","start":5060.71,"end":5061.19},{"text":"transit","start":5061.19,"end":5061.75},{"text":"and","start":5061.75,"end":5061.87},{"text":"destination.","start":5061.87,"end":5062.71}]},{"text":"We also wish to see more operational and action-oriented text that not only seeks to reduce the costs of sending remittances, but also maximizes their impacts on sustainable development on the ground.","start":5063.27,"end":5075.03,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"We","start":5063.27,"end":5063.47},{"text":"also","start":5063.47,"end":5063.67},{"text":"wish","start":5063.67,"end":5063.87},{"text":"to","start":5063.87,"end":5063.99},{"text":"see","start":5063.99,"end":5064.23},{"text":"more","start":5064.23,"end":5064.55},{"text":"operational","start":5064.55,"end":5065.35},{"text":"and","start":5065.35,"end":5065.59},{"text":"action-oriented","start":5065.59,"end":5066.39},{"text":"text","start":5066.39,"end":5066.95},{"text":"that","start":5067.35,"end":5067.51},{"text":"not","start":5067.51,"end":5067.75},{"text":"only","start":5067.75,"end":5067.99},{"text":"seeks","start":5067.99,"end":5068.31},{"text":"to","start":5068.31,"end":5068.43},{"text":"reduce","start":5068.43,"end":5068.79},{"text":"the","start":5068.79,"end":5068.95},{"text":"costs","start":5068.95,"end":5069.31},{"text":"of","start":5069.31,"end":5069.43},{"text":"sending","start":5069.43,"end":5069.83},{"text":"remittances,","start":5069.83,"end":5070.63},{"text":"but","start":5071.11,"end":5071.27},{"text":"also","start":5071.27,"end":5071.59},{"text":"maximizes","start":5071.59,"end":5072.39},{"text":"their","start":5072.39,"end":5072.55},{"text":"impacts","start":5072.55,"end":5073.11},{"text":"on","start":5073.11,"end":5073.19},{"text":"sustainable","start":5073.19,"end":5073.75},{"text":"development","start":5073.75,"end":5074.31},{"text":"on","start":5074.31,"end":5074.47},{"text":"the","start":5074.47,"end":5074.59},{"text":"ground.","start":5074.59,"end":5075.03}]},{"text":"We underscore that remittances in no way replace ODA, FDI and other financial flows such as climate financing.","start":5075.75,"end":5083.99,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"We","start":5075.75,"end":5075.87},{"text":"underscore","start":5075.87,"end":5076.47},{"text":"that","start":5076.47,"end":5076.71},{"text":"remittances","start":5076.71,"end":5077.51},{"text":"in","start":5077.51,"end":5077.71},{"text":"no","start":5077.71,"end":5077.91},{"text":"way","start":5077.91,"end":5078.15},{"text":"replace","start":5078.15,"end":5078.63},{"text":"ODA,","start":5078.63,"end":5079.03},{"text":"FDI","start":5079.67,"end":5080.31},{"text":"and","start":5080.63,"end":5080.83},{"text":"other","start":5080.83,"end":5081.11},{"text":"financial","start":5081.11,"end":5081.63},{"text":"flows","start":5081.63,"end":5082.15},{"text":"such","start":5082.47,"end":5082.71},{"text":"as","start":5082.71,"end":5082.79},{"text":"climate","start":5082.79,"end":5083.27},{"text":"financing.","start":5083.27,"end":5083.99}]},{"text":"Regarding innovative risk sharing instruments in paragraphs 34, 35 and 36, we would appreciate more information on their effects in developing countries, good practices.","start":5085.31,"end":5096.27,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Regarding","start":5085.31,"end":5085.79},{"text":"innovative","start":5085.79,"end":5086.35},{"text":"risk","start":5086.35,"end":5086.59},{"text":"sharing","start":5086.59,"end":5086.91},{"text":"instruments","start":5086.91,"end":5087.55},{"text":"in","start":5087.55,"end":5087.63},{"text":"paragraphs","start":5087.63,"end":5088.23},{"text":"34,","start":5088.23,"end":5088.91},{"text":"35","start":5088.91,"end":5089.43},{"text":"and","start":5089.43,"end":5089.59},{"text":"36,","start":5089.59,"end":5090.35},{"text":"we","start":5090.83,"end":5090.99},{"text":"would","start":5090.99,"end":5091.15},{"text":"appreciate","start":5091.15,"end":5091.63},{"text":"more","start":5091.63,"end":5091.83},{"text":"information","start":5091.83,"end":5092.67},{"text":"on","start":5092.75,"end":5092.87},{"text":"their","start":5092.87,"end":5093.03},{"text":"effects","start":5093.03,"end":5093.47},{"text":"in","start":5093.47,"end":5093.55},{"text":"developing","start":5093.55,"end":5094.11},{"text":"countries,","start":5094.11,"end":5094.75},{"text":"good","start":5095.23,"end":5095.47},{"text":"practices.","start":5095.47,"end":5096.27}]},{"text":"We note some progress of governments in efforts to de-risk investments and develop local markets, and we'd like to see more concrete examples of successful mechanisms that can be emulated.","start":5096.91,"end":5107.87,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":5096.91,"end":5097.07},{"text":"note","start":5097.07,"end":5097.31},{"text":"some","start":5097.31,"end":5097.47},{"text":"progress","start":5097.47,"end":5098.07},{"text":"of","start":5098.07,"end":5098.19},{"text":"governments","start":5098.19,"end":5098.75},{"text":"in","start":5098.75,"end":5098.91},{"text":"efforts","start":5098.91,"end":5099.31},{"text":"to","start":5099.31,"end":5099.43},{"text":"de-risk","start":5099.43,"end":5100.03},{"text":"investments","start":5100.03,"end":5100.75},{"text":"and","start":5100.75,"end":5100.87},{"text":"develop","start":5100.87,"end":5101.31},{"text":"local","start":5101.31,"end":5101.63},{"text":"markets,","start":5101.63,"end":5102.27},{"text":"and","start":5102.75,"end":5102.87},{"text":"we'd","start":5102.87,"end":5103.11},{"text":"like","start":5103.11,"end":5103.23},{"text":"to","start":5103.23,"end":5103.31},{"text":"see","start":5103.31,"end":5103.47},{"text":"more","start":5103.47,"end":5103.87},{"text":"concrete","start":5103.87,"end":5104.35},{"text":"examples","start":5104.35,"end":5105.03},{"text":"of","start":5105.03,"end":5105.19},{"text":"successful","start":5105.19,"end":5105.79},{"text":"mechanisms","start":5105.79,"end":5106.59},{"text":"that","start":5106.83,"end":5106.95},{"text":"can","start":5106.95,"end":5107.15},{"text":"be","start":5107.15,"end":5107.31},{"text":"emulated.","start":5107.31,"end":5107.87}]},{"text":"We appreciate that MSMEs and their access to affordable credit are reflected in paragraph 34 and look forward to more concrete actions to provide institutional and financing support for MSMEs in developing countries.","start":5109.75,"end":5123.11,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":5109.75,"end":5109.79},{"text":"appreciate","start":5109.79,"end":5110.35},{"text":"that","start":5110.35,"end":5110.55},{"text":"MSMEs","start":5110.55,"end":5111.35},{"text":"and","start":5111.35,"end":5111.47},{"text":"their","start":5111.47,"end":5111.59},{"text":"access","start":5111.59,"end":5112.07},{"text":"to","start":5112.07,"end":5112.19},{"text":"affordable","start":5112.19,"end":5112.71},{"text":"credit","start":5112.71,"end":5113.19},{"text":"are","start":5113.19,"end":5113.39},{"text":"reflected","start":5113.39,"end":5113.95},{"text":"in","start":5113.95,"end":5114.07},{"text":"paragraph","start":5114.07,"end":5114.55},{"text":"34","start":5114.55,"end":5115.27},{"text":"and","start":5115.91,"end":5116.07},{"text":"look","start":5116.07,"end":5116.23},{"text":"forward","start":5116.23,"end":5116.51},{"text":"to","start":5116.51,"end":5116.59},{"text":"more","start":5116.59,"end":5116.87},{"text":"concrete","start":5116.87,"end":5117.39},{"text":"actions","start":5117.39,"end":5117.95},{"text":"to","start":5117.95,"end":5118.07},{"text":"provide","start":5118.07,"end":5118.51},{"text":"institutional","start":5118.51,"end":5119.43},{"text":"and","start":5119.43,"end":5119.67},{"text":"financing","start":5119.67,"end":5120.23},{"text":"support","start":5120.23,"end":5120.79},{"text":"for","start":5121.03,"end":5121.19},{"text":"MSMEs","start":5121.19,"end":5121.87},{"text":"in","start":5121.87,"end":5122.03},{"text":"developing","start":5122.03,"end":5122.51},{"text":"countries.","start":5122.51,"end":5123.11}]},{"text":"We recommend that capacity building for developing countries be enhanced through concrete programs and targets, possibly on financial inclusion and health, digital technologies and entrepreneurship.","start":5124.39,"end":5134.95,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":5136.75,"end":5136.79},{"text":"the","start":5136.79,"end":5136.95},{"text":"call","start":5136.95,"end":5137.11},{"text":"to","start":5137.11,"end":5137.23},{"text":"scale","start":5137.23,"end":5137.59},{"text":"up","start":5137.59,"end":5137.67},{"text":"FDI,","start":5137.67,"end":5138.23},{"text":"the","start":5138.23,"end":5138.35},{"text":"group","start":5138.35,"end":5138.63},{"text":"underscores","start":5138.63,"end":5139.35},{"text":"this","start":5139.35,"end":5139.55},{"text":"should","start":5139.55,"end":5139.67},{"text":"apply","start":5139.67,"end":5139.99},{"text":"to","start":5139.99,"end":5140.15},{"text":"all","start":5140.15,"end":5140.47},{"text":"developing","start":5140.47,"end":5141.03},{"text":"countries","start":5141.03,"end":5141.43},{"text":"in","start":5141.43,"end":5141.51},{"text":"paragraph","start":5141.51,"end":5141.99},{"text":"35a.","start":5141.99,"end":5142.79}]},{"text":"FDI should be geared towards structural transformation, diversification of economies, generating higher value products and decent jobs in developing countries, and help to attain development through bankable projects and infrastructure and other goals.","start":5143.59,"end":5157.91,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"FDI","start":5143.59,"end":5144.15},{"text":"should","start":5144.15,"end":5144.31},{"text":"be","start":5144.31,"end":5144.47},{"text":"geared","start":5144.47,"end":5144.71},{"text":"towards","start":5144.71,"end":5144.99},{"text":"structural","start":5144.99,"end":5145.51},{"text":"transformation,","start":5145.51,"end":5146.47},{"text":"diversification","start":5146.47,"end":5147.47},{"text":"of","start":5147.47,"end":5147.59},{"text":"economies,","start":5147.59,"end":5148.23},{"text":"generating","start":5148.71,"end":5149.35},{"text":"higher","start":5149.35,"end":5149.75},{"text":"value","start":5149.75,"end":5150.15},{"text":"products","start":5150.15,"end":5150.63},{"text":"and","start":5150.63,"end":5150.83},{"text":"decent","start":5150.83,"end":5151.19},{"text":"jobs","start":5151.19,"end":5151.59},{"text":"in","start":5151.59,"end":5151.67},{"text":"developing","start":5151.67,"end":5152.19},{"text":"countries,","start":5152.19,"end":5152.79},{"text":"and","start":5153.51,"end":5153.67},{"text":"help","start":5153.67,"end":5153.91},{"text":"to","start":5153.91,"end":5154.03},{"text":"attain","start":5154.03,"end":5154.31},{"text":"development","start":5154.31,"end":5155.03},{"text":"through","start":5155.03,"end":5155.27},{"text":"bankable","start":5155.27,"end":5155.75},{"text":"projects","start":5155.75,"end":5156.27},{"text":"and","start":5156.27,"end":5156.39},{"text":"infrastructure","start":5156.39,"end":5157.07},{"text":"and","start":5157.07,"end":5157.19},{"text":"other","start":5157.19,"end":5157.35},{"text":"goals.","start":5157.35,"end":5157.91}]},{"text":"We would like to see more concrete actions outlining what developed countries should do to facilitate a large scale investment push including regulatory changes and de-risking.","start":5158.47,"end":5168.67,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":5169.47,"end":5169.55},{"text":"believe","start":5169.55,"end":5169.87},{"text":"that","start":5169.87,"end":5170.03},{"text":"actions","start":5170.03,"end":5170.47},{"text":"in","start":5170.47,"end":5170.59},{"text":"35b","start":5170.59,"end":5171.63},{"text":"to","start":5171.71,"end":5171.83},{"text":"improve","start":5171.83,"end":5172.27},{"text":"information","start":5172.27,"end":5172.99},{"text":"investment","start":5172.99,"end":5173.55},{"text":"opportunities","start":5173.55,"end":5174.31},{"text":"in","start":5174.31,"end":5174.39},{"text":"developing","start":5174.39,"end":5174.91},{"text":"countries","start":5174.91,"end":5175.47},{"text":"through","start":5175.83,"end":5176.03},{"text":"partnerships","start":5176.03,"end":5176.83},{"text":"should","start":5176.99,"end":5177.23},{"text":"be","start":5177.23,"end":5177.35},{"text":"expanded,","start":5177.35,"end":5178.19},{"text":"made","start":5178.27,"end":5178.59},{"text":"more","start":5178.59,"end":5178.75},{"text":"ambitious,","start":5178.75,"end":5179.47},{"text":"and","start":5179.75,"end":5179.87},{"text":"not","start":5179.87,"end":5180.11},{"text":"only","start":5180.11,"end":5180.35},{"text":"focus","start":5180.35,"end":5180.83},{"text":"on","start":5180.83,"end":5180.99},{"text":"the","start":5180.99,"end":5181.07},{"text":"SDG","start":5181.07,"end":5181.59},{"text":"Investment","start":5181.59,"end":5182.19},{"text":"Forum.","start":5182.19,"end":5182.59}]},{"text":"We appreciate points on reform of credit ratings agencies in paragraph 35, as well as in the debt section.","start":5183.55,"end":5189.63,"topics":[],"words":[{"text":"We","start":5183.55,"end":5183.75},{"text":"appreciate","start":5183.75,"end":5184.23},{"text":"points","start":5184.23,"end":5184.47},{"text":"on","start":5184.47,"end":5184.59},{"text":"reform","start":5184.59,"end":5185.11},{"text":"of","start":5185.11,"end":5185.23},{"text":"credit","start":5185.23,"end":5185.55},{"text":"ratings","start":5185.55,"end":5186.03},{"text":"agencies","start":5186.03,"end":5186.55},{"text":"in","start":5186.55,"end":5186.67},{"text":"paragraph","start":5186.67,"end":5187.15},{"text":"35,","start":5187.15,"end":5187.87},{"text":"as","start":5188.11,"end":5188.35},{"text":"well","start":5188.35,"end":5188.51},{"text":"as","start":5188.51,"end":5188.63},{"text":"in","start":5188.63,"end":5188.75},{"text":"the","start":5188.75,"end":5188.83},{"text":"debt","start":5188.83,"end":5189.07},{"text":"section.","start":5189.07,"end":5189.63}]},{"text":"We appreciate actions directed at MDBs, in 35G on IDA that provides finances to crowd in private sector investments in low-income countries, in 35H on establishing pools of catalytic capital with simplified and transparent access requirements and development of repositories of guarantee instruments, and 35I on enhanced technical assistance to help developing countries prepare and support high impact infrastructure projects.","start":5190.35,"end":5219.31,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."},{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."},{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":5190.35,"end":5190.47},{"text":"appreciate","start":5190.47,"end":5190.99},{"text":"actions","start":5190.99,"end":5191.47},{"text":"directed","start":5191.47,"end":5192.11},{"text":"at","start":5192.11,"end":5192.35},{"text":"MDBs,","start":5192.35,"end":5193.23},{"text":"in","start":5193.63,"end":5193.71},{"text":"35G","start":5193.71,"end":5194.55},{"text":"on","start":5194.55,"end":5194.75},{"text":"IDA","start":5194.75,"end":5195.27},{"text":"that","start":5195.27,"end":5195.43},{"text":"provides","start":5195.43,"end":5196.03},{"text":"finances","start":5196.03,"end":5196.67},{"text":"to","start":5196.67,"end":5196.79},{"text":"crowd","start":5196.79,"end":5197.15},{"text":"in","start":5197.15,"end":5197.47},{"text":"private","start":5197.47,"end":5197.87},{"text":"sector","start":5197.87,"end":5198.19},{"text":"investments","start":5198.19,"end":5199.03},{"text":"in","start":5199.15,"end":5199.39},{"text":"low-income","start":5199.39,"end":5199.87},{"text":"countries,","start":5199.87,"end":5200.43},{"text":"in","start":5201.07,"end":5201.23},{"text":"35H","start":5201.23,"end":5202.35},{"text":"on","start":5202.43,"end":5202.59},{"text":"establishing","start":5202.59,"end":5203.15},{"text":"pools","start":5203.15,"end":5203.51},{"text":"of","start":5203.51,"end":5203.63},{"text":"catalytic","start":5203.63,"end":5204.23},{"text":"capital","start":5204.23,"end":5204.75},{"text":"with","start":5204.75,"end":5204.91},{"text":"simplified","start":5204.91,"end":5205.71},{"text":"and","start":5205.95,"end":5206.11},{"text":"transparent","start":5206.11,"end":5206.67},{"text":"access","start":5206.67,"end":5207.15},{"text":"requirements","start":5207.15,"end":5207.87},{"text":"and","start":5208.11,"end":5208.31},{"text":"development","start":5208.31,"end":5208.87},{"text":"of","start":5208.87,"end":5208.99},{"text":"repositories","start":5208.99,"end":5209.71},{"text":"of","start":5209.71,"end":5209.87},{"text":"guarantee","start":5209.87,"end":5210.35},{"text":"instruments,","start":5210.35,"end":5210.99},{"text":"and","start":5211.47,"end":5211.67},{"text":"35I","start":5211.67,"end":5212.59},{"text":"on","start":5212.87,"end":5213.07},{"text":"enhanced","start":5213.07,"end":5213.47},{"text":"technical","start":5213.47,"end":5213.91},{"text":"assistance","start":5213.91,"end":5214.51},{"text":"to","start":5214.51,"end":5214.59},{"text":"help","start":5214.59,"end":5214.79},{"text":"developing","start":5214.79,"end":5215.31},{"text":"countries","start":5215.31,"end":5215.79},{"text":"prepare","start":5215.79,"end":5216.35},{"text":"and","start":5216.67,"end":5216.87},{"text":"support","start":5216.87,"end":5217.31},{"text":"high","start":5217.31,"end":5217.55},{"text":"impact","start":5217.55,"end":5218.03},{"text":"infrastructure","start":5218.03,"end":5218.67},{"text":"projects.","start":5218.67,"end":5219.31}]},{"text":"However, We should establish a private capital mobilization target to increase the PCM ratio by 2030 to serve as a performance indicator to assess MDV's effectiveness in attracting private investment.","start":5220.59,"end":5234.39,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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you, co-chairs.","start":5324.83,"end":5325.79,"topics":[],"words":[{"text":"Thank","start":5324.83,"end":5325.07},{"text":"you,","start":5325.07,"end":5325.23},{"text":"co-chairs.","start":5325.23,"end":5325.79}]}]}],"speaker":{"name":null,"affiliation":"PHL","affiliation_full":"Philippines","group":"G77 + China","function":"Representative"}},{"statement_number":82,"start":5327.95,"pageUrl":"/en/asset/k10/k100hn2hrf?t=5328","paragraphs":[{"sentences":[{"text":"I thank the representative of the Philippines and now give the floor to the representative of Angola on behalf of the Africa Group and to be followed by the representative of 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African Group aligns itself with the statement delivered on behalf of the G77 in China and we wish to add the 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to paragraph 34, SMEs, which form the backbone of African economies,","start":5364.99,"end":5372.11,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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Union.","start":5539.55,"end":5549.71,"topics":[],"words":[{"text":"I","start":5539.55,"end":5539.71},{"text":"thank","start":5539.71,"end":5539.91},{"text":"the","start":5539.91,"end":5539.99},{"text":"representative","start":5539.99,"end":5540.83},{"text":"of","start":5540.83,"end":5540.91},{"text":"Angola","start":5540.91,"end":5541.51},{"text":"and","start":5541.51,"end":5541.67},{"text":"now","start":5541.67,"end":5541.87},{"text":"give","start":5541.87,"end":5542.03},{"text":"the","start":5542.03,"end":5542.15},{"text":"floor","start":5542.15,"end":5542.43},{"text":"to","start":5542.43,"end":5542.59},{"text":"the","start":5542.59,"end":5542.71},{"text":"representative","start":5542.71,"end":5543.71},{"text":"of","start":5543.79,"end":5544.11},{"text":"Madagascar","start":5544.11,"end":5544.91},{"text":"on","start":5544.91,"end":5544.99},{"text":"behalf","start":5544.99,"end":5545.39},{"text":"of","start":5545.39,"end":5545.55},{"text":"the","start":5545.55,"end":5545.67},{"text":"LDCs","start":5545.71,"end":5546.59},{"text":"to","start":5546.59,"end":5546.75},{"text":"be","start":5546.75,"end":5546.91},{"text":"followed","start":5546.91,"end":5547.39},{"text":"by","start":5547.39,"end":5547.63},{"text":"the","start":5547.63,"end":5547.75},{"text":"representative","start":5547.75,"end":5548.51},{"text":"of","start":5548.51,"end":5548.59},{"text":"the","start":5548.59,"end":5548.71},{"text":"European","start":5548.71,"end":5549.23},{"text":"Union.","start":5549.23,"end":5549.71}]},{"text":"Madagascar, you have the floor.","start":5550.03,"end":5551.23,"topics":[],"words":[{"text":"Madagascar,","start":5550.03,"end":5550.59},{"text":"you","start":5550.59,"end":5550.67},{"text":"have","start":5550.67,"end":5550.83},{"text":"the","start":5550.83,"end":5550.91},{"text":"floor.","start":5550.91,"end":5551.23}]}]}],"speaker":{"name":"Merele","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":85,"start":5552.99,"pageUrl":"/en/asset/k10/k100hn2hrf?t=5553","paragraphs":[{"sentences":[{"text":"Thank you, Ambassador.","start":5552.99,"end":5554.03,"topics":[],"words":[{"text":"Thank","start":5552.99,"end":5553.15},{"text":"you,","start":5553.15,"end":5553.31},{"text":"Ambassador.","start":5553.31,"end":5554.03}]},{"text":"The group of LDCs align itself with the statement made by the Philippines on behalf of the G77 and China.","start":5554.03,"end":5561.79,"topics":[],"words":[{"text":"The","start":5554.03,"end":5554.19},{"text":"group","start":5554.19,"end":5554.51},{"text":"of","start":5554.51,"end":5554.67},{"text":"LDCs","start":5554.67,"end":5555.39},{"text":"align","start":5555.39,"end":5555.75},{"text":"itself","start":5555.75,"end":5556.19},{"text":"with","start":5556.19,"end":5556.31},{"text":"the","start":5556.31,"end":5556.43},{"text":"statement","start":5556.43,"end":5556.91},{"text":"made","start":5556.91,"end":5557.15},{"text":"by","start":5557.15,"end":5557.31},{"text":"the","start":5557.31,"end":5557.39},{"text":"Philippines","start":5557.39,"end":5558.03},{"text":"on","start":5558.51,"end":5558.75},{"text":"behalf","start":5558.75,"end":5559.23},{"text":"of","start":5559.23,"end":5559.39},{"text":"the","start":5559.71,"end":5559.87},{"text":"G77","start":5560.27,"end":5561.11},{"text":"and","start":5561.11,"end":5561.23},{"text":"China.","start":5561.23,"end":5561.79}]},{"text":"We appreciate the draft's recognition that private investments in sustainable development has not met expectations, contributing to a widening SDGs investment gap.","start":5562.35,"end":5574.19,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":5562.35,"end":5562.55},{"text":"appreciate","start":5562.55,"end":5563.07},{"text":"the","start":5563.07,"end":5563.15},{"text":"draft's","start":5563.15,"end":5563.63},{"text":"recognition","start":5563.87,"end":5564.71},{"text":"that","start":5564.71,"end":5564.99},{"text":"private","start":5564.99,"end":5565.55},{"text":"investments","start":5565.55,"end":5566.11},{"text":"in","start":5566.11,"end":5566.19},{"text":"sustainable","start":5566.19,"end":5566.75},{"text":"development","start":5566.75,"end":5567.39},{"text":"has","start":5567.71,"end":5567.95},{"text":"not","start":5567.95,"end":5568.15},{"text":"met","start":5568.15,"end":5568.35},{"text":"expectations,","start":5568.35,"end":5569.39},{"text":"contributing","start":5569.63,"end":5571.23},{"text":"to","start":5571.23,"end":5571.59},{"text":"a","start":5571.59,"end":5571.63},{"text":"widening","start":5571.63,"end":5572.35},{"text":"SDGs","start":5572.67,"end":5573.23},{"text":"investment","start":5573.23,"end":5573.79},{"text":"gap.","start":5573.79,"end":5574.19}]},{"text":"For LDCs, this gap is particularly acute.","start":5574.83,"end":5579.07,"topics":[],"words":[{"text":"For","start":5574.83,"end":5575.11},{"text":"LDCs,","start":5575.11,"end":5575.75},{"text":"this","start":5575.75,"end":5576.11},{"text":"gap","start":5576.11,"end":5576.43},{"text":"is","start":5576.43,"end":5576.67},{"text":"particularly","start":5576.67,"end":5578.35},{"text":"acute.","start":5578.35,"end":5579.07}]},{"text":"We support the inclusion of language on the need for systemic change at both national and global levels to better align private sector activity with sustainable development objectives.","start":5579.83,"end":5593.27,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":5579.83,"end":5579.91},{"text":"support","start":5579.91,"end":5580.47},{"text":"the","start":5580.47,"end":5580.59},{"text":"inclusion","start":5580.59,"end":5581.11},{"text":"of","start":5581.11,"end":5581.19},{"text":"language","start":5581.19,"end":5581.91},{"text":"on","start":5582.23,"end":5582.47},{"text":"the","start":5582.47,"end":5582.71},{"text":"need","start":5582.71,"end":5583.19},{"text":"for","start":5583.59,"end":5583.79},{"text":"systemic","start":5583.79,"end":5584.39},{"text":"change","start":5584.39,"end":5584.87},{"text":"at","start":5584.95,"end":5585.19},{"text":"both","start":5585.19,"end":5585.43},{"text":"national","start":5585.43,"end":5585.99},{"text":"and","start":5585.99,"end":5586.19},{"text":"global","start":5586.19,"end":5586.59},{"text":"levels","start":5586.59,"end":5587.03},{"text":"to","start":5587.35,"end":5587.47},{"text":"better","start":5587.47,"end":5587.79},{"text":"align","start":5587.79,"end":5588.23},{"text":"private","start":5588.23,"end":5588.59},{"text":"sector","start":5588.59,"end":5588.99},{"text":"activity","start":5588.99,"end":5589.67},{"text":"with","start":5589.91,"end":5590.07},{"text":"sustainable","start":5590.07,"end":5590.67},{"text":"development","start":5590.67,"end":5591.59},{"text":"objectives.","start":5592.39,"end":5593.27}]},{"text":"However, we believe this section could be further strengthened to address the specific needs and challenges of LDCs.","start":5593.83,"end":5601.19,"topics":[],"words":[{"text":"However,","start":5593.83,"end":5594.39},{"text":"we","start":5594.71,"end":5594.95},{"text":"believe","start":5594.95,"end":5595.35},{"text":"this","start":5595.35,"end":5595.55},{"text":"section","start":5595.55,"end":5596.07},{"text":"could","start":5596.07,"end":5596.39},{"text":"be","start":5596.39,"end":5596.63},{"text":"further","start":5596.63,"end":5597.19},{"text":"strengthened","start":5597.19,"end":5597.95},{"text":"to","start":5597.95,"end":5598.03},{"text":"address","start":5598.03,"end":5598.47},{"text":"the","start":5598.47,"end":5598.55},{"text":"specific","start":5598.55,"end":5599.11},{"text":"needs","start":5599.11,"end":5599.59},{"text":"and","start":5599.59,"end":5599.79},{"text":"challenges","start":5599.79,"end":5600.31},{"text":"of","start":5600.31,"end":5600.47},{"text":"LDCs.","start":5600.47,"end":5601.19}]},{"text":"We propose the following additions and enhancements.","start":5601.63,"end":5604.95,"topics":[],"words":[{"text":"We","start":5601.63,"end":5601.75},{"text":"propose","start":5601.75,"end":5602.47},{"text":"the","start":5602.55,"end":5602.71},{"text":"following","start":5602.71,"end":5603.19},{"text":"additions","start":5603.19,"end":5603.75},{"text":"and","start":5603.75,"end":5604.03},{"text":"enhancements.","start":5604.03,"end":5604.95}]},{"text":"On capital market development, we call for increased support to develop domestic capital markets in LDCs, including through technical assistance and capacity building.","start":5605.63,"end":5617.67,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"On","start":5605.63,"end":5605.75},{"text":"capital","start":5605.75,"end":5606.23},{"text":"market","start":5606.23,"end":5606.67},{"text":"development,","start":5606.67,"end":5607.43},{"text":"we","start":5607.67,"end":5607.91},{"text":"call","start":5607.91,"end":5608.23},{"text":"for","start":5608.23,"end":5608.39},{"text":"increased","start":5608.39,"end":5608.95},{"text":"support","start":5608.95,"end":5609.67},{"text":"to","start":5610.07,"end":5610.59},{"text":"develop","start":5610.95,"end":5611.59},{"text":"domestic","start":5611.59,"end":5612.19},{"text":"capital","start":5612.19,"end":5612.63},{"text":"markets","start":5612.63,"end":5613.11},{"text":"in","start":5613.11,"end":5613.23},{"text":"LDCs,","start":5613.23,"end":5613.91},{"text":"including","start":5614.15,"end":5614.87},{"text":"through","start":5614.87,"end":5615.11},{"text":"technical","start":5615.11,"end":5615.67},{"text":"assistance","start":5615.67,"end":5616.39},{"text":"and","start":5616.39,"end":5616.55},{"text":"capacity","start":5616.55,"end":5617.11},{"text":"building.","start":5617.11,"end":5617.67}]},{"text":"This should include support for issuing green bonds, social bonds, and other innovative financing instruments aligned with sustainable development.","start":5618.39,"end":5627.91,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"This","start":5618.39,"end":5618.55},{"text":"should","start":5618.55,"end":5618.87},{"text":"include","start":5618.87,"end":5619.35},{"text":"support","start":5619.35,"end":5619.91},{"text":"for","start":5619.91,"end":5620.15},{"text":"issuing","start":5620.15,"end":5620.79},{"text":"green","start":5620.79,"end":5621.03},{"text":"bonds,","start":5621.03,"end":5621.59},{"text":"social","start":5621.67,"end":5622.15},{"text":"bonds,","start":5622.15,"end":5622.63},{"text":"and","start":5622.95,"end":5623.19},{"text":"other","start":5623.19,"end":5623.51},{"text":"innovative","start":5623.91,"end":5624.43},{"text":"financing","start":5624.43,"end":5625.03},{"text":"instruments","start":5625.03,"end":5625.75},{"text":"aligned","start":5625.75,"end":5626.31},{"text":"with","start":5626.31,"end":5626.59},{"text":"sustainable","start":5626.59,"end":5627.11},{"text":"development.","start":5627.11,"end":5627.91}]},{"text":"As of 2022, only a handful of LDCs have issued sovereign green bonds.","start":5628.87,"end":5634.87,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"On","start":5644.27,"end":5644.43},{"text":"risk","start":5644.43,"end":5644.75},{"text":"management","start":5644.75,"end":5645.47},{"text":"and","start":5645.47,"end":5645.67},{"text":"local","start":5645.67,"end":5646.03},{"text":"insurance","start":5646.03,"end":5646.59},{"text":"markets,","start":5646.59,"end":5647.23},{"text":"we","start":5647.63,"end":5647.83},{"text":"emphasize","start":5647.83,"end":5648.59},{"text":"the","start":5648.59,"end":5648.67},{"text":"importance","start":5648.67,"end":5649.31},{"text":"of","start":5649.31,"end":5649.47},{"text":"developing","start":5649.47,"end":5650.03},{"text":"comprehensive","start":5650.03,"end":5650.67},{"text":"risk","start":5650.67,"end":5651.15},{"text":"management","start":5651.15,"end":5651.79},{"text":"and","start":5652.03,"end":5652.27},{"text":"insurance","start":5652.27,"end":5652.71},{"text":"markets","start":5652.71,"end":5653.19},{"text":"in","start":5653.19,"end":5653.39},{"text":"LDCs.","start":5653.39,"end":5654.19}]},{"text":"This is particularly crucial for smallholder farmers and SMEs to protect against climate impacts and other shocks.","start":5654.59,"end":5664.11,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"This","start":5654.59,"end":5654.75},{"text":"is","start":5654.75,"end":5654.91},{"text":"particularly","start":5654.91,"end":5655.63},{"text":"crucial","start":5655.63,"end":5656.27},{"text":"for","start":5656.27,"end":5656.43},{"text":"smallholder","start":5656.43,"end":5657.15},{"text":"farmers","start":5657.15,"end":5657.71},{"text":"and","start":5658.11,"end":5658.35},{"text":"SMEs","start":5658.35,"end":5659.07},{"text":"to","start":5659.31,"end":5659.43},{"text":"protect","start":5659.43,"end":5659.95},{"text":"against","start":5659.95,"end":5660.47},{"text":"climate","start":5660.47,"end":5661.79},{"text":"impacts","start":5662.27,"end":5662.91},{"text":"and","start":5662.99,"end":5663.31},{"text":"other","start":5663.31,"end":5663.59},{"text":"shocks.","start":5663.59,"end":5664.11}]},{"text":"We request specific commitments from development partners to support the creation of affordable and accessible insurance product in LDCs.","start":5664.63,"end":5674.03,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":5664.63,"end":5664.75},{"text":"request","start":5664.75,"end":5665.23},{"text":"specific","start":5665.23,"end":5665.91},{"text":"commitments","start":5665.91,"end":5666.67},{"text":"from","start":5666.67,"end":5666.91},{"text":"development","start":5666.91,"end":5667.55},{"text":"partners","start":5667.55,"end":5668.27},{"text":"to","start":5668.51,"end":5668.63},{"text":"support","start":5668.63,"end":5669.27},{"text":"the","start":5669.27,"end":5669.39},{"text":"creation","start":5669.39,"end":5669.99},{"text":"of","start":5669.99,"end":5670.11},{"text":"affordable","start":5670.19,"end":5670.91},{"text":"and","start":5671.15,"end":5671.35},{"text":"accessible","start":5671.35,"end":5671.87},{"text":"insurance","start":5671.87,"end":5672.43},{"text":"product","start":5672.43,"end":5672.99},{"text":"in","start":5672.99,"end":5673.15},{"text":"LDCs.","start":5673.15,"end":5674.03}]},{"text":"Regarding MSMEs and access to credit, the draft rightly highlights the need to expand access to affordable credit for MSMEs.","start":5674.59,"end":5684.91,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"Regarding","start":5674.59,"end":5675.71},{"text":"MSMEs","start":5675.79,"end":5676.91},{"text":"and","start":5677.07,"end":5677.35},{"text":"access","start":5677.35,"end":5677.71},{"text":"to","start":5677.71,"end":5677.79},{"text":"credit,","start":5677.79,"end":5678.35},{"text":"the","start":5679.03,"end":5679.15},{"text":"draft","start":5679.15,"end":5679.71},{"text":"rightly","start":5679.71,"end":5680.19},{"text":"highlights","start":5680.19,"end":5680.83},{"text":"the","start":5681.07,"end":5681.19},{"text":"need","start":5681.19,"end":5681.47},{"text":"to","start":5681.47,"end":5681.59},{"text":"expand","start":5681.59,"end":5681.99},{"text":"access","start":5681.99,"end":5682.43},{"text":"to","start":5682.43,"end":5682.55},{"text":"affordable","start":5682.55,"end":5683.07},{"text":"credit","start":5683.07,"end":5683.55},{"text":"for","start":5683.55,"end":5683.79},{"text":"MSMEs.","start":5683.79,"end":5684.91}]},{"text":"For LDCs, we stress the importance of strengthening the entire MCME ecosystem.","start":5685.47,"end":5692.03,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"For","start":5685.47,"end":5685.71},{"text":"LDCs,","start":5685.71,"end":5686.51},{"text":"we","start":5686.59,"end":5686.83},{"text":"stress","start":5686.83,"end":5687.27},{"text":"the","start":5687.27,"end":5687.35},{"text":"importance","start":5687.35,"end":5688.03},{"text":"of","start":5688.11,"end":5688.27},{"text":"strengthening","start":5688.27,"end":5689.23},{"text":"the","start":5689.23,"end":5689.31},{"text":"entire","start":5689.55,"end":5690.35},{"text":"MCME","start":5690.51,"end":5691.23},{"text":"ecosystem.","start":5691.23,"end":5692.03}]},{"text":"including the local banking sector.","start":5692.67,"end":5694.87,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"including","start":5692.67,"end":5693.23},{"text":"the","start":5693.23,"end":5693.35},{"text":"local","start":5693.35,"end":5693.75},{"text":"banking","start":5693.75,"end":5694.23},{"text":"sector.","start":5694.23,"end":5694.87}]},{"text":"We call for dedicated capacity building programs and enhanced local currency financing options for MSMEs in LDCs.","start":5695.99,"end":5705.67,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":5695.99,"end":5696.23},{"text":"call","start":5696.79,"end":5697.03},{"text":"for","start":5697.03,"end":5697.27},{"text":"dedicated","start":5697.27,"end":5697.87},{"text":"capacity","start":5697.91,"end":5698.39},{"text":"building","start":5698.39,"end":5698.87},{"text":"programs","start":5698.87,"end":5699.67},{"text":"and","start":5699.75,"end":5699.95},{"text":"enhanced","start":5699.95,"end":5700.47},{"text":"local","start":5700.47,"end":5700.87},{"text":"currency","start":5700.87,"end":5701.43},{"text":"financing","start":5701.43,"end":5702.15},{"text":"options","start":5702.51,"end":5702.99},{"text":"for","start":5702.99,"end":5703.35},{"text":"MSMEs","start":5703.59,"end":5704.71},{"text":"in","start":5704.71,"end":5704.95},{"text":"LDCs.","start":5704.95,"end":5705.67}]},{"text":"On digital public infrastructure, we strongly support the inclusion of language on leveraging digital technologies for financial inclusion.","start":5706.55,"end":5715.35,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"On","start":5706.55,"end":5706.79},{"text":"digital","start":5706.79,"end":5707.19},{"text":"public","start":5707.19,"end":5707.63},{"text":"infrastructure,","start":5707.63,"end":5708.55},{"text":"we","start":5708.79,"end":5708.99},{"text":"strongly","start":5709.03,"end":5709.51},{"text":"support","start":5709.51,"end":5710.07},{"text":"the","start":5710.07,"end":5710.19},{"text":"inclusion","start":5710.19,"end":5710.79},{"text":"of","start":5710.79,"end":5710.95},{"text":"language","start":5710.95,"end":5711.59},{"text":"on","start":5711.83,"end":5711.95},{"text":"leveraging","start":5711.95,"end":5712.63},{"text":"digital","start":5712.63,"end":5713.19},{"text":"technologies","start":5713.19,"end":5713.91},{"text":"for","start":5713.91,"end":5714.07},{"text":"financial","start":5714.07,"end":5714.59},{"text":"inclusion.","start":5714.59,"end":5715.35}]},{"text":"For LDCs, we call for specific commitments to support the development of digital public infrastructure, including digital ID systems, payment platforms, and data exchange frameworks.","start":5716.03,"end":5728.11,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"For","start":5716.03,"end":5716.19},{"text":"LDCs,","start":5716.19,"end":5716.83},{"text":"we","start":5716.83,"end":5716.99},{"text":"call","start":5716.99,"end":5717.31},{"text":"for","start":5717.31,"end":5717.47},{"text":"specific","start":5717.47,"end":5717.99},{"text":"commitments","start":5717.99,"end":5718.75},{"text":"to","start":5718.99,"end":5719.11},{"text":"support","start":5719.11,"end":5719.71},{"text":"the","start":5719.71,"end":5719.79},{"text":"development","start":5719.79,"end":5720.39},{"text":"of","start":5720.39,"end":5720.51},{"text":"digital","start":5720.51,"end":5720.99},{"text":"public","start":5720.99,"end":5721.39},{"text":"infrastructure,","start":5721.39,"end":5722.35},{"text":"including","start":5722.59,"end":5723.19},{"text":"digital","start":5723.19,"end":5723.71},{"text":"ID","start":5723.71,"end":5724.03},{"text":"systems,","start":5724.03,"end":5724.75},{"text":"payment","start":5725.07,"end":5725.47},{"text":"platforms,","start":5725.47,"end":5726.27},{"text":"and","start":5726.27,"end":5726.55},{"text":"data","start":5726.55,"end":5726.87},{"text":"exchange","start":5726.87,"end":5727.35},{"text":"frameworks.","start":5727.35,"end":5728.11}]},{"text":"This is essential for expanding access to financial services and fostering innovation in our economies.","start":5728.51,"end":5735.71,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"This","start":5728.51,"end":5728.67},{"text":"is","start":5728.67,"end":5728.83},{"text":"essential","start":5728.83,"end":5729.47},{"text":"for","start":5729.47,"end":5729.75},{"text":"expanding","start":5729.75,"end":5730.39},{"text":"access","start":5730.39,"end":5730.83},{"text":"to","start":5730.83,"end":5730.91},{"text":"financial","start":5730.91,"end":5731.47},{"text":"services","start":5731.47,"end":5732.19},{"text":"and","start":5732.51,"end":5732.71},{"text":"fostering","start":5732.71,"end":5733.71},{"text":"innovation","start":5733.79,"end":5734.59},{"text":"in","start":5734.59,"end":5734.83},{"text":"our","start":5734.87,"end":5734.99},{"text":"economies.","start":5734.99,"end":5735.71}]},{"text":"Regarding remittances, we appreciate the commitment to reduce remittance costs to less than 3% by 2030.","start":5736.39,"end":5744.91,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"Regarding","start":5736.39,"end":5736.83},{"text":"remittances,","start":5736.87,"end":5737.75},{"text":"we","start":5738.07,"end":5738.27},{"text":"appreciate","start":5738.27,"end":5739.03},{"text":"the","start":5739.03,"end":5739.19},{"text":"commitment","start":5739.19,"end":5739.79},{"text":"to","start":5739.79,"end":5739.87},{"text":"reduce","start":5739.87,"end":5740.31},{"text":"remittance","start":5740.31,"end":5740.95},{"text":"costs","start":5741.19,"end":5741.99},{"text":"to","start":5742.31,"end":5742.55},{"text":"less","start":5742.59,"end":5742.79},{"text":"than","start":5742.79,"end":5742.99},{"text":"3%","start":5742.99,"end":5743.03},{"text":"by","start":5743.03,"end":5743.27},{"text":"2030.","start":5743.27,"end":5744.91}]},{"text":"However, we urge more ambitious actions for LDCs where remittance costs remain significantly higher than the global average.","start":5745.19,"end":5754.71,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"However,","start":5745.19,"end":5745.83},{"text":"we","start":5746.07,"end":5746.31},{"text":"urge","start":5746.31,"end":5746.71},{"text":"more","start":5746.79,"end":5746.99},{"text":"ambitious","start":5746.99,"end":5747.59},{"text":"actions","start":5747.59,"end":5748.07},{"text":"for","start":5748.07,"end":5748.39},{"text":"LDCs","start":5748.39,"end":5749.11},{"text":"where","start":5749.43,"end":5749.87},{"text":"remittance","start":5749.87,"end":5750.55},{"text":"costs","start":5750.63,"end":5751.03},{"text":"remain","start":5751.03,"end":5751.43},{"text":"significantly","start":5751.43,"end":5752.63},{"text":"higher","start":5752.63,"end":5753.11},{"text":"than","start":5753.35,"end":5753.59},{"text":"the","start":5753.59,"end":5753.71},{"text":"global","start":5753.71,"end":5754.11},{"text":"average.","start":5754.11,"end":5754.71}]},{"text":"We call for targeted interventions to bring remittance costs for LDCs below 3% by 2027, including through support for digital remittance solutions and enhanced competition among money transfer operators.","start":5755.35,"end":5770.95,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."},{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":5772.23,"end":5772.47},{"text":"foreign","start":5772.47,"end":5772.79},{"text":"direct","start":5772.79,"end":5773.15},{"text":"investment,","start":5773.19,"end":5774.07},{"text":"we","start":5774.15,"end":5774.39},{"text":"note","start":5774.39,"end":5774.71},{"text":"with","start":5774.71,"end":5774.83},{"text":"concern","start":5774.83,"end":5775.43},{"text":"that","start":5775.43,"end":5775.67},{"text":"LDCs","start":5775.67,"end":5776.23},{"text":"receive","start":5776.23,"end":5776.71},{"text":"only","start":5776.71,"end":5776.95},{"text":"less","start":5776.95,"end":5777.27},{"text":"than","start":5777.27,"end":5777.91},{"text":"2%","start":5778.71,"end":5778.75},{"text":"of","start":5778.79,"end":5779.03},{"text":"global","start":5779.03,"end":5779.51},{"text":"FDI.","start":5779.51,"end":5780.15}]},{"text":"To address this To address this, we call for developed countries to implement tax incentives and risk mitigation mechanism for the companies investing in productive sector in LDCs.","start":5780.71,"end":5793.19,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."},{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"To","start":5780.71,"end":5780.91},{"text":"address","start":5780.91,"end":5781.27},{"text":"this","start":5781.31,"end":5781.67},{"text":"To","start":5782.23,"end":5782.27},{"text":"address","start":5782.27,"end":5782.63},{"text":"this,","start":5782.63,"end":5782.95},{"text":"we","start":5782.95,"end":5783.11},{"text":"call","start":5783.11,"end":5783.43},{"text":"for","start":5783.43,"end":5783.59},{"text":"developed","start":5783.59,"end":5784.07},{"text":"countries","start":5784.07,"end":5784.71},{"text":"to","start":5784.99,"end":5785.07},{"text":"implement","start":5785.07,"end":5785.71},{"text":"tax","start":5785.71,"end":5785.99},{"text":"incentives","start":5785.99,"end":5786.83},{"text":"and","start":5786.83,"end":5787.03},{"text":"risk","start":5787.03,"end":5787.35},{"text":"mitigation","start":5787.35,"end":5788.15},{"text":"mechanism","start":5788.15,"end":5788.79},{"text":"for","start":5789.11,"end":5789.27},{"text":"the","start":5789.27,"end":5789.39},{"text":"companies","start":5789.39,"end":5789.99},{"text":"investing","start":5789.99,"end":5790.55},{"text":"in","start":5790.55,"end":5790.79},{"text":"productive","start":5790.79,"end":5791.59},{"text":"sector","start":5791.59,"end":5792.15},{"text":"in","start":5792.15,"end":5792.31},{"text":"LDCs.","start":5792.31,"end":5793.19}]},{"text":"Enhanced technical assistance to LDCs for investment promotion and facilitation, support the LDCs to negotiate fair and balanced investment agreement that protect policy space for sustainable development.","start":5793.83,"end":5806.95,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Enhanced","start":5793.83,"end":5794.31},{"text":"technical","start":5794.31,"end":5794.79},{"text":"assistance","start":5794.79,"end":5795.35},{"text":"to","start":5795.35,"end":5795.55},{"text":"LDCs","start":5795.55,"end":5796.11},{"text":"for","start":5796.11,"end":5796.31},{"text":"investment","start":5796.31,"end":5796.83},{"text":"promotion","start":5796.83,"end":5797.51},{"text":"and","start":5797.67,"end":5797.83},{"text":"facilitation,","start":5797.83,"end":5798.71},{"text":"support","start":5799.03,"end":5799.63},{"text":"the","start":5799.63,"end":5799.71},{"text":"LDCs","start":5799.75,"end":5800.39},{"text":"to","start":5800.39,"end":5800.51},{"text":"negotiate","start":5800.51,"end":5801.27},{"text":"fair","start":5801.27,"end":5801.67},{"text":"and","start":5801.67,"end":5801.91},{"text":"balanced","start":5801.91,"end":5802.31},{"text":"investment","start":5802.31,"end":5802.87},{"text":"agreement","start":5802.87,"end":5803.51},{"text":"that","start":5803.75,"end":5803.91},{"text":"protect","start":5803.91,"end":5804.35},{"text":"policy","start":5804.35,"end":5804.87},{"text":"space","start":5804.87,"end":5805.43},{"text":"for","start":5805.43,"end":5805.67},{"text":"sustainable","start":5805.67,"end":5806.31},{"text":"development.","start":5806.31,"end":5806.95}]},{"text":"We strongly urge full and timely operationalization of the International Investment Support Center for LDCs as called for in the Doha Program of Action.","start":5807.75,"end":5818.43,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":5807.75,"end":5807.83},{"text":"strongly","start":5807.83,"end":5808.35},{"text":"urge","start":5808.35,"end":5808.75},{"text":"full","start":5808.75,"end":5809.15},{"text":"and","start":5809.15,"end":5809.35},{"text":"timely","start":5809.35,"end":5809.79},{"text":"operationalization","start":5809.79,"end":5811.55},{"text":"of","start":5811.95,"end":5812.11},{"text":"the","start":5812.11,"end":5812.19},{"text":"International","start":5812.19,"end":5812.83},{"text":"Investment","start":5812.83,"end":5813.39},{"text":"Support","start":5813.39,"end":5813.87},{"text":"Center","start":5813.87,"end":5814.27},{"text":"for","start":5814.27,"end":5814.55},{"text":"LDCs","start":5814.55,"end":5815.31},{"text":"as","start":5815.79,"end":5816.03},{"text":"called","start":5816.03,"end":5816.43},{"text":"for","start":5816.43,"end":5816.75},{"text":"in","start":5816.75,"end":5816.91},{"text":"the","start":5816.91,"end":5816.99},{"text":"Doha","start":5816.99,"end":5817.31},{"text":"Program","start":5817.31,"end":5817.79},{"text":"of","start":5817.79,"end":5817.87},{"text":"Action.","start":5817.87,"end":5818.43}]},{"text":"This center is crucial for providing technical assistance and investment related support to LDCs.","start":5818.83,"end":5824.83,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"This","start":5818.83,"end":5819.11},{"text":"center","start":5819.11,"end":5819.47},{"text":"is","start":5819.47,"end":5819.63},{"text":"crucial","start":5819.63,"end":5820.11},{"text":"for","start":5820.11,"end":5820.27},{"text":"providing","start":5820.27,"end":5820.87},{"text":"technical","start":5820.87,"end":5821.31},{"text":"assistance","start":5821.31,"end":5821.95},{"text":"and","start":5822.19,"end":5822.43},{"text":"investment","start":5822.43,"end":5822.99},{"text":"related","start":5822.99,"end":5823.39},{"text":"support","start":5823.39,"end":5823.99},{"text":"to","start":5823.99,"end":5824.07},{"text":"LDCs.","start":5824.07,"end":5824.83}]},{"text":"On blended finance, while we appreciate the inclusion of blended finance in the draft, we note with concern that only six to 7% of blended finance currently flows to LDCs.","start":5825.87,"end":5837.75,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":5825.87,"end":5825.99},{"text":"blended","start":5825.99,"end":5826.47},{"text":"finance,","start":5826.47,"end":5827.11},{"text":"while","start":5827.43,"end":5827.75},{"text":"we","start":5827.75,"end":5827.91},{"text":"appreciate","start":5827.91,"end":5828.43},{"text":"the","start":5828.43,"end":5828.51},{"text":"inclusion","start":5828.51,"end":5829.11},{"text":"of","start":5829.11,"end":5829.23},{"text":"blended","start":5829.23,"end":5829.59},{"text":"finance","start":5829.59,"end":5830.07},{"text":"in","start":5830.07,"end":5830.23},{"text":"the","start":5830.23,"end":5830.39},{"text":"draft,","start":5830.39,"end":5830.95},{"text":"we","start":5831.19,"end":5831.35},{"text":"note","start":5831.35,"end":5831.63},{"text":"with","start":5831.63,"end":5831.79},{"text":"concern","start":5831.79,"end":5832.31},{"text":"that","start":5832.31,"end":5832.55},{"text":"only","start":5832.55,"end":5833.03},{"text":"six","start":5833.27,"end":5834.07},{"text":"to","start":5834.23,"end":5834.47},{"text":"7%","start":5834.79,"end":5834.83},{"text":"of","start":5834.83,"end":5834.95},{"text":"blended","start":5834.95,"end":5835.35},{"text":"finance","start":5835.35,"end":5835.83},{"text":"currently","start":5835.83,"end":5836.31},{"text":"flows","start":5836.31,"end":5836.71},{"text":"to","start":5836.71,"end":5836.87},{"text":"LDCs.","start":5836.87,"end":5837.75}]},{"text":"We call for a specific target to direct at least 50% of blended finance to LDCs by 2030.","start":5838.47,"end":5845.67,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":5838.47,"end":5838.71},{"text":"call","start":5838.71,"end":5839.03},{"text":"for","start":5839.03,"end":5839.23},{"text":"a","start":5839.23,"end":5839.27},{"text":"specific","start":5839.27,"end":5839.75},{"text":"target","start":5839.75,"end":5840.27},{"text":"to","start":5840.27,"end":5840.35},{"text":"direct","start":5840.35,"end":5840.95},{"text":"at","start":5841.11,"end":5841.27},{"text":"least","start":5841.27,"end":5841.67},{"text":"50%","start":5841.67,"end":5841.71},{"text":"of","start":5841.75,"end":5842.07},{"text":"blended","start":5842.15,"end":5843.11},{"text":"finance","start":5843.11,"end":5843.59},{"text":"to","start":5843.59,"end":5843.67},{"text":"LDCs","start":5843.67,"end":5844.31},{"text":"by","start":5844.55,"end":5844.71},{"text":"2030.","start":5844.71,"end":5845.67}]},{"text":"Additionally, we urge development partners to increase the use of local currency lending in blended finance transactions to mitigate currency risk for LDC borrowers.","start":5846.31,"end":5857.43,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Additionally,","start":5846.31,"end":5847.03},{"text":"we","start":5847.03,"end":5847.19},{"text":"urge","start":5847.19,"end":5847.51},{"text":"development","start":5847.51,"end":5848.07},{"text":"partners","start":5848.07,"end":5848.79},{"text":"to","start":5849.11,"end":5849.23},{"text":"increase","start":5849.23,"end":5849.67},{"text":"the","start":5849.67,"end":5849.83},{"text":"use","start":5849.83,"end":5850.11},{"text":"of","start":5850.15,"end":5850.31},{"text":"local","start":5850.31,"end":5850.63},{"text":"currency","start":5850.63,"end":5851.35},{"text":"lending","start":5851.35,"end":5851.87},{"text":"in","start":5851.87,"end":5851.99},{"text":"blended","start":5851.99,"end":5852.47},{"text":"finance","start":5852.47,"end":5853.03},{"text":"transactions","start":5853.27,"end":5854.15},{"text":"to","start":5854.39,"end":5854.47},{"text":"mitigate","start":5854.47,"end":5855.03},{"text":"currency","start":5855.03,"end":5855.59},{"text":"risk","start":5855.59,"end":5855.91},{"text":"for","start":5855.91,"end":5856.07},{"text":"LDC","start":5856.07,"end":5856.55},{"text":"borrowers.","start":5856.55,"end":5857.43}]},{"text":"Enhance support for microfinance institutions in LDCs to expand their reach and impact.","start":5858.11,"end":5864.71,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"Enhance","start":5858.11,"end":5858.59},{"text":"support","start":5858.59,"end":5859.11},{"text":"for","start":5859.11,"end":5859.43},{"text":"microfinance","start":5859.67,"end":5860.63},{"text":"institutions","start":5860.63,"end":5861.35},{"text":"in","start":5861.35,"end":5861.51},{"text":"LDCs","start":5861.51,"end":5862.23},{"text":"to","start":5862.63,"end":5862.79},{"text":"expand","start":5862.79,"end":5863.27},{"text":"their","start":5863.27,"end":5863.47},{"text":"reach","start":5863.47,"end":5863.83},{"text":"and","start":5863.83,"end":5863.99},{"text":"impact.","start":5863.99,"end":5864.71}]},{"text":"Ensure blended finance initiatives are aligned with national development priorities and promote country ownership in LDCs.","start":5866.15,"end":5875.51,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"Ensure","start":5866.15,"end":5866.55},{"text":"blended","start":5866.55,"end":5866.95},{"text":"finance","start":5866.95,"end":5867.43},{"text":"initiatives","start":5867.43,"end":5868.15},{"text":"are","start":5868.15,"end":5868.43},{"text":"aligned","start":5868.43,"end":5869.03},{"text":"with","start":5869.03,"end":5869.23},{"text":"national","start":5869.27,"end":5869.67},{"text":"development","start":5869.67,"end":5870.23},{"text":"priorities","start":5870.23,"end":5871.03},{"text":"and","start":5871.35,"end":5871.55},{"text":"promote","start":5871.55,"end":5871.95},{"text":"country","start":5871.95,"end":5872.63},{"text":"ownership","start":5872.79,"end":5874.55},{"text":"in","start":5874.55,"end":5874.79},{"text":"LDCs.","start":5874.79,"end":5875.51}]},{"text":"Besides these comments, we propose the inclusion of the following additional elements in this section.","start":5876.19,"end":5882.27,"topics":[],"words":[{"text":"Besides","start":5876.19,"end":5876.75},{"text":"these","start":5877.15,"end":5877.63},{"text":"comments,","start":5877.71,"end":5878.27},{"text":"we","start":5878.27,"end":5878.43},{"text":"propose","start":5878.43,"end":5878.87},{"text":"the","start":5878.87,"end":5878.95},{"text":"inclusion","start":5878.95,"end":5879.47},{"text":"of","start":5879.47,"end":5879.55},{"text":"the","start":5879.55,"end":5879.71},{"text":"following","start":5879.71,"end":5880.19},{"text":"additional","start":5880.19,"end":5880.63},{"text":"elements","start":5880.63,"end":5881.15},{"text":"in","start":5881.15,"end":5881.31},{"text":"this","start":5881.31,"end":5881.59},{"text":"section.","start":5881.59,"end":5882.27}]},{"text":"Enhanced capacity building for LDCs to negotiate complex contracts, particularly in extractive industries and infrastructure projects.","start":5882.79,"end":5891.55,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Enhanced","start":5882.79,"end":5883.27},{"text":"capacity","start":5883.27,"end":5883.71},{"text":"building","start":5883.71,"end":5884.15},{"text":"for","start":5884.15,"end":5884.35},{"text":"LDCs","start":5884.35,"end":5884.91},{"text":"to","start":5884.91,"end":5884.99},{"text":"negotiate","start":5884.99,"end":5885.47},{"text":"complex","start":5885.47,"end":5885.87},{"text":"contracts,","start":5885.87,"end":5886.51},{"text":"particularly","start":5886.51,"end":5887.39},{"text":"in","start":5887.71,"end":5887.87},{"text":"extractive","start":5887.87,"end":5888.43},{"text":"industries","start":5888.43,"end":5889.23},{"text":"and","start":5889.55,"end":5889.95},{"text":"infrastructure","start":5890.19,"end":5890.91},{"text":"projects.","start":5890.91,"end":5891.55}]},{"text":"Commitments to address the specific challenges faced by landlocked LDCs and small island LDCs in attracting private investment.","start":5891.95,"end":5899.87,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Commitments","start":5891.95,"end":5892.67},{"text":"to","start":5892.67,"end":5892.79},{"text":"address","start":5892.79,"end":5893.15},{"text":"the","start":5893.15,"end":5893.23},{"text":"specific","start":5893.23,"end":5893.79},{"text":"challenges","start":5893.79,"end":5894.43},{"text":"faced","start":5894.43,"end":5894.83},{"text":"by","start":5894.83,"end":5894.95},{"text":"landlocked","start":5894.95,"end":5895.47},{"text":"LDCs","start":5895.47,"end":5896.19},{"text":"and","start":5896.43,"end":5896.63},{"text":"small","start":5896.63,"end":5896.99},{"text":"island","start":5896.99,"end":5897.31},{"text":"LDCs","start":5897.31,"end":5897.91},{"text":"in","start":5897.95,"end":5898.15},{"text":"attracting","start":5898.15,"end":5898.67},{"text":"private","start":5898.67,"end":5899.07},{"text":"investment.","start":5899.07,"end":5899.87}]},{"text":"Support LDCs to leverage diaspora finance through innovative instruments and platforms We call for stronger language and de-risking in line with the Doha program of action, which commits to incentivize additional financing and investment in quality, reliable, sustainable, and resilient infrastructure and facilitate efforts to channel long-term sustainable investment to LDCs.","start":5900.27,"end":5926.59,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. 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At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"With","start":6239.27,"end":6239.59},{"text":"a","start":6239.59,"end":6239.63},{"text":"view","start":6239.63,"end":6240.23},{"text":"to","start":6240.23,"end":6240.31},{"text":"the","start":6240.31,"end":6240.63},{"text":"same","start":6240.63,"end":6241.19},{"text":"objective","start":6241.19,"end":6241.75},{"text":"here,","start":6241.75,"end":6241.99},{"text":"we","start":6241.99,"end":6242.07},{"text":"would","start":6242.07,"end":6242.23},{"text":"also","start":6242.23,"end":6242.87},{"text":"call","start":6243.59,"end":6243.83},{"text":"for","start":6243.83,"end":6244.39},{"text":"language","start":6244.55,"end":6245.03},{"text":"on","start":6245.03,"end":6245.19},{"text":"more","start":6245.35,"end":6245.63},{"text":"language","start":6245.63,"end":6245.99},{"text":"on","start":6245.99,"end":6246.07},{"text":"public","start":6246.07,"end":6246.43},{"text":"private","start":6246.43,"end":6246.79},{"text":"partnerships","start":6246.79,"end":6247.59},{"text":"with","start":6247.91,"end":6248.31},{"text":"shared","start":6248.39,"end":6248.87},{"text":"ownership","start":6248.87,"end":6249.51},{"text":"including","start":6250.35,"end":6250.67},{"text":"mechanisms","start":6250.67,"end":6251.39},{"text":"that","start":6251.39,"end":6251.63},{"text":"share","start":6251.63,"end":6251.99},{"text":"risks","start":6251.99,"end":6252.35},{"text":"and","start":6252.35,"end":6252.51},{"text":"rewards","start":6252.51,"end":6253.15},{"text":"in","start":6254.35,"end":6254.67},{"text":"a","start":6254.67,"end":6254.75},{"text":"proportional","start":6255.23,"end":6256.03},{"text":"and","start":6256.03,"end":6256.43},{"text":"successful","start":6256.43,"end":6257.23},{"text":"way.","start":6257.55,"end":6257.87}]}]},{"sentences":[{"text":"We have a few.","start":6258.67,"end":6259.23,"topics":[],"words":[{"text":"We","start":6258.67,"end":6258.87},{"text":"have","start":6258.87,"end":6259.03},{"text":"a","start":6259.03,"end":6259.07},{"text":"few.","start":6259.07,"end":6259.23}]}]},{"sentences":[{"text":"Questions on paragraphs 35a, b, and d, so we will be asking a few clarifications on those.","start":6259.23,"end":6268.59,"topics":[],"words":[{"text":"Questions","start":6259.23,"end":6259.79},{"text":"on","start":6259.79,"end":6260.35},{"text":"paragraphs","start":6260.35,"end":6261.07},{"text":"35a,","start":6261.07,"end":6262.59},{"text":"b,","start":6263.15,"end":6263.63},{"text":"and","start":6263.63,"end":6263.99},{"text":"d,","start":6263.99,"end":6264.27},{"text":"so","start":6264.27,"end":6264.59},{"text":"we","start":6264.59,"end":6264.83},{"text":"will","start":6264.83,"end":6265.07},{"text":"be","start":6265.07,"end":6265.39},{"text":"asking","start":6265.71,"end":6266.27},{"text":"a","start":6266.27,"end":6266.35},{"text":"few","start":6266.35,"end":6266.67},{"text":"clarifications","start":6266.75,"end":6267.87},{"text":"on","start":6267.87,"end":6268.11},{"text":"those.","start":6268.11,"end":6268.59}]},{"text":"We would also ask to add a reference to technical assistance in 35b and Some edits also to 35D.","start":6271.79,"end":6280.79,"topics":[],"words":[{"text":"We","start":6271.79,"end":6272.03},{"text":"would","start":6272.03,"end":6272.19},{"text":"also","start":6272.19,"end":6272.51},{"text":"ask","start":6272.51,"end":6272.67},{"text":"to","start":6272.67,"end":6272.95},{"text":"add","start":6272.99,"end":6273.39},{"text":"a","start":6273.55,"end":6273.71},{"text":"reference","start":6273.79,"end":6274.27},{"text":"to","start":6274.27,"end":6274.35},{"text":"technical","start":6274.35,"end":6274.75},{"text":"assistance","start":6274.75,"end":6275.27},{"text":"in","start":6275.27,"end":6275.39},{"text":"35b","start":6275.39,"end":6276.43},{"text":"and","start":6276.91,"end":6277.39},{"text":"Some","start":6278.63,"end":6278.79},{"text":"edits","start":6278.79,"end":6279.11},{"text":"also","start":6279.11,"end":6279.43},{"text":"to","start":6279.43,"end":6279.59},{"text":"35D.","start":6279.59,"end":6280.79}]},{"text":"In 35D, it might also be beneficial to refer to investment in social infrastructures and particular attention to LDCs and fragile contexts.","start":6282.63,"end":6294.63,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"In","start":6282.63,"end":6282.95},{"text":"35D,","start":6283.27,"end":6284.19},{"text":"it","start":6284.19,"end":6284.27},{"text":"might","start":6284.27,"end":6284.47},{"text":"also","start":6284.47,"end":6284.71},{"text":"be","start":6284.71,"end":6284.87},{"text":"beneficial","start":6284.87,"end":6285.51},{"text":"to","start":6285.51,"end":6285.99},{"text":"refer","start":6286.47,"end":6286.95},{"text":"to","start":6286.95,"end":6287.27},{"text":"investment","start":6287.43,"end":6288.11},{"text":"in","start":6288.11,"end":6288.23},{"text":"social","start":6288.23,"end":6288.63},{"text":"infrastructures","start":6288.63,"end":6289.51},{"text":"and","start":6289.51,"end":6289.83},{"text":"particular","start":6291.51,"end":6292.11},{"text":"attention","start":6292.11,"end":6292.55},{"text":"to","start":6292.55,"end":6292.67},{"text":"LDCs","start":6292.67,"end":6293.23},{"text":"and","start":6293.23,"end":6293.39},{"text":"fragile","start":6293.39,"end":6293.83},{"text":"contexts.","start":6293.83,"end":6294.63}]},{"text":"We strongly support paragraph 35F.","start":6295.19,"end":6298.07,"topics":[],"words":[{"text":"We","start":6295.19,"end":6295.35},{"text":"strongly","start":6295.35,"end":6295.71},{"text":"support","start":6295.71,"end":6296.31},{"text":"paragraph","start":6296.31,"end":6297.11},{"text":"35F.","start":6297.11,"end":6298.07}]},{"text":"It's in line with the preferences from investors and makes it easier for donors to manage guarantees.","start":6299.27,"end":6306.23,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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so we have some suggestions to add language on in that respect.","start":6346.43,"end":6352.35,"topics":[],"words":[{"text":"And","start":6346.43,"end":6346.67},{"text":"so","start":6346.67,"end":6346.99},{"text":"we","start":6346.99,"end":6347.15},{"text":"have","start":6347.15,"end":6347.39},{"text":"some","start":6347.39,"end":6347.63},{"text":"suggestions","start":6347.63,"end":6348.51},{"text":"to","start":6348.51,"end":6348.75},{"text":"add","start":6348.75,"end":6348.91},{"text":"language","start":6348.91,"end":6349.63},{"text":"on","start":6350.43,"end":6350.83},{"text":"in","start":6350.83,"end":6351.47},{"text":"that","start":6351.47,"end":6351.71},{"text":"respect.","start":6351.71,"end":6352.35}]},{"text":"35 K, which is on credit 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Article 33, we welcome the recognition of global reform, but we request clear statement that private resource cannot substitute for ODA.","start":6423.03,"end":6431.87,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. 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Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":6501.43,"end":6501.47},{"text":"support","start":6501.47,"end":6501.83},{"text":"paragraph","start":6501.83,"end":6502.19},{"text":"34D","start":6502.19,"end":6503.11},{"text":"as","start":6503.11,"end":6503.31},{"text":"drafted","start":6503.31,"end":6503.95},{"text":"in","start":6503.95,"end":6504.11},{"text":"paragraph,","start":6504.11,"end":6505.15},{"text":"uh,","start":6505.15,"end":6505.19},{"text":"34F","start":6505.19,"end":6506.27},{"text":"to","start":6506.27,"end":6506.47},{"text":"H","start":6506.47,"end":6506.75},{"text":"regarding","start":6506.75,"end":6507.31},{"text":"MSMEs","start":6507.31,"end":6507.87},{"text":"and","start":6507.95,"end":6508.11},{"text":"financial","start":6508.11,"end":6508.55},{"text":"access.","start":6508.55,"end":6508.91}]},{"text":"We support current language but need stronger implementation mechanism and concrete programs for capacity building as well as including specific targets for financial inclusion.","start":6509.15,"end":6518.03,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":6509.15,"end":6509.39},{"text":"support","start":6509.39,"end":6509.71},{"text":"current","start":6509.71,"end":6509.95},{"text":"language","start":6509.95,"end":6510.31},{"text":"but","start":6510.31,"end":6510.59},{"text":"need","start":6510.59,"end":6510.75},{"text":"stronger","start":6510.75,"end":6511.15},{"text":"implementation","start":6511.15,"end":6511.79},{"text":"mechanism","start":6511.79,"end":6512.35},{"text":"and","start":6512.35,"end":6512.51},{"text":"concrete","start":6512.51,"end":6513.07},{"text":"programs","start":6513.07,"end":6513.55},{"text":"for","start":6513.55,"end":6513.71},{"text":"capacity","start":6513.71,"end":6514.19},{"text":"building","start":6514.19,"end":6514.59},{"text":"as","start":6514.59,"end":6514.75},{"text":"well","start":6514.75,"end":6514.91},{"text":"as","start":6514.91,"end":6515.23},{"text":"including","start":6515.47,"end":6515.95},{"text":"specific","start":6515.95,"end":6516.47},{"text":"targets","start":6516.47,"end":6516.91},{"text":"for","start":6516.91,"end":6517.07},{"text":"financial","start":6517.07,"end":6517.47},{"text":"inclusion.","start":6517.47,"end":6518.03}]},{"text":"On remittance, 34I, uh, 34I, we support cost reduction target.","start":6518.43,"end":6522.75,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"On","start":6518.43,"end":6518.51},{"text":"remittance,","start":6518.51,"end":6519.23},{"text":"34I,","start":6519.31,"end":6519.95},{"text":"uh,","start":6520.43,"end":6520.47},{"text":"34I,","start":6520.47,"end":6521.07},{"text":"we","start":6521.07,"end":6521.23},{"text":"support","start":6521.23,"end":6521.63},{"text":"cost","start":6521.63,"end":6521.87},{"text":"reduction","start":6521.87,"end":6522.27},{"text":"target.","start":6522.27,"end":6522.75}]},{"text":"We request addition of concrete measures beyond cost reduction and possible adding reference to remittance not replacing order in paragraph 35 in, uh, 35 in the introduction, we request strengthening the language on obstacles faced by developing countries, adding concrete measures to address information availability and clarifying.","start":6523.51,"end":6543.75,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"and","start":6561.79,"end":6562.35},{"text":"E,","start":6562.35,"end":6562.67},{"text":"we","start":6562.87,"end":6563.27},{"text":"support","start":6563.27,"end":6563.63},{"text":"expansion","start":6563.63,"end":6564.19},{"text":"of","start":6564.19,"end":6564.27},{"text":"investment","start":6564.27,"end":6564.75},{"text":"information","start":6564.75,"end":6565.27},{"text":"sharing.","start":6565.27,"end":6565.79}]},{"text":"We request more ambitious partnership frameworks.","start":6566.27,"end":6568.59,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":6566.27,"end":6566.47},{"text":"request","start":6566.47,"end":6566.83},{"text":"more","start":6566.83,"end":6567.07},{"text":"ambitious","start":6567.07,"end":6567.47},{"text":"partnership","start":6567.47,"end":6567.99},{"text":"frameworks.","start":6567.99,"end":6568.59}]},{"text":"We need concrete targets for catalytic capital.","start":6568.59,"end":6571.63,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":6568.59,"end":6568.75},{"text":"need","start":6568.75,"end":6568.91},{"text":"concrete","start":6568.91,"end":6569.35},{"text":"targets","start":6569.35,"end":6569.67},{"text":"for","start":6569.67,"end":6569.87},{"text":"catalytic","start":6569.87,"end":6570.59},{"text":"capital.","start":6570.99,"end":6571.63}]},{"text":"In paragraph 35G and paragraph 35G to I, we welcome the MDB provisions, but we request specific targets on increasing catalytic capital and we support technical assistance, but we need implementation details.","start":6571.87,"end":6587.23,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."},{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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you, Madam Chair.","start":6643.67,"end":6644.47,"topics":[],"words":[{"text":"Thank","start":6643.67,"end":6643.83},{"text":"you,","start":6643.83,"end":6643.91},{"text":"Madam","start":6643.91,"end":6644.19},{"text":"Chair.","start":6644.19,"end":6644.47}]},{"text":"Well, my delegation aligns its comments with those already made by the G77 and those that will be provided later by 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national capacity, I would like to add several points.","start":6653.23,"end":6656.23,"topics":[],"words":[{"text":"In","start":6653.23,"end":6653.39},{"text":"national","start":6653.39,"end":6653.67},{"text":"capacity,","start":6653.67,"end":6654.19},{"text":"I","start":6654.19,"end":6654.23},{"text":"would","start":6654.23,"end":6654.35},{"text":"like","start":6654.35,"end":6654.55},{"text":"to","start":6654.55,"end":6654.79},{"text":"add","start":6654.79,"end":6655.19},{"text":"several","start":6655.19,"end":6655.75},{"text":"points.","start":6655.75,"end":6656.23}]},{"text":"First, in paragraph 34b, we request clarity on why is a model framework necessary?","start":6656.23,"end":6662.63,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Investment","start":6678.75,"end":6679.35},{"text":"strategies,","start":6679.35,"end":6679.95},{"text":"in","start":6680.23,"end":6680.35},{"text":"our","start":6680.35,"end":6680.51},{"text":"view,","start":6680.51,"end":6680.67},{"text":"should","start":6680.67,"end":6680.87},{"text":"be","start":6680.87,"end":6680.99},{"text":"adaptable","start":6680.99,"end":6681.55},{"text":"to","start":6681.55,"end":6681.67},{"text":"the","start":6681.67,"end":6681.79},{"text":"uniqueness","start":6681.79,"end":6682.35},{"text":"of","start":6682.35,"end":6682.51},{"text":"each","start":6682.51,"end":6682.75},{"text":"country,","start":6682.75,"end":6683.23},{"text":"such","start":6684.03,"end":6684.43},{"text":"as","start":6684.43,"end":6684.75},{"text":"economic","start":6684.75,"end":6685.15},{"text":"structure,","start":6685.15,"end":6685.87},{"text":"resource","start":6685.87,"end":6686.19},{"text":"availability,","start":6686.19,"end":6686.99},{"text":"social","start":6687.63,"end":6688.03},{"text":"context,","start":6688.03,"end":6688.55},{"text":"and","start":6688.55,"end":6688.67},{"text":"development","start":6688.67,"end":6689.11},{"text":"priorities.","start":6689.11,"end":6689.63}]},{"text":"So the question arises whether a one-size-fits-all approach would be feasible or should it be more effective to provide guidance tailored to different national contexts.","start":6690.03,"end":6700.03,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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we would like to see a greater link on the contribution that paragraph 34H could do to the closing of the digital divide where you are mentioning the leveraging of emerging digital 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in our view, this needs to go line in line with the goal of bridging the divide that currently 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fourth place, we would like to emphasize the need to remove obstacles to remittances.","start":6752.67,"end":6758.83,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"On","start":6752.67,"end":6752.91},{"text":"fourth","start":6753.39,"end":6753.79},{"text":"place,","start":6753.79,"end":6754.19},{"text":"we","start":6754.19,"end":6754.43},{"text":"would","start":6754.43,"end":6754.59},{"text":"like","start":6754.59,"end":6754.91},{"text":"to","start":6754.91,"end":6755.23},{"text":"emphasize","start":6755.55,"end":6756.27},{"text":"the","start":6756.27,"end":6756.39},{"text":"need","start":6756.39,"end":6756.63},{"text":"to","start":6756.63,"end":6756.75},{"text":"remove","start":6756.75,"end":6757.31},{"text":"obstacles","start":6757.39,"end":6757.95},{"text":"to","start":6757.95,"end":6758.11},{"text":"remittances.","start":6758.11,"end":6758.83}]},{"text":"My country is currently facing problems in that regard because of the U.S. economic, commercial, and financial blockade.","start":6759.55,"end":6768.51,"topics":[],"words":[{"text":"My","start":6759.55,"end":6759.71},{"text":"country","start":6759.71,"end":6760.27},{"text":"is","start":6760.27,"end":6760.51},{"text":"currently","start":6760.51,"end":6760.99},{"text":"facing","start":6760.99,"end":6761.55},{"text":"problems","start":6762.43,"end":6762.95},{"text":"in","start":6762.95,"end":6763.03},{"text":"that","start":6763.03,"end":6763.19},{"text":"regard","start":6763.19,"end":6763.59},{"text":"because","start":6763.59,"end":6763.91},{"text":"of","start":6763.91,"end":6764.03},{"text":"the","start":6764.03,"end":6764.27},{"text":"U.S.","start":6764.99,"end":6765.55},{"text":"economic,","start":6765.55,"end":6766.07},{"text":"commercial,","start":6766.07,"end":6766.59},{"text":"and","start":6766.59,"end":6766.75},{"text":"financial","start":6766.75,"end":6767.39},{"text":"blockade.","start":6767.87,"end":6768.51}]},{"text":"Currently, we cannot use Western Union, for example, for Cuban persons to send remittances to their country of origin, to their families.","start":6768.99,"end":6781.35,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"Currently,","start":6768.99,"end":6769.63},{"text":"we","start":6770.03,"end":6770.27},{"text":"cannot","start":6770.27,"end":6770.99},{"text":"use","start":6770.99,"end":6771.23},{"text":"Western","start":6771.23,"end":6771.55},{"text":"Union,","start":6771.55,"end":6771.95},{"text":"for","start":6772.19,"end":6772.35},{"text":"example,","start":6772.35,"end":6772.75},{"text":"for","start":6773.15,"end":6773.63},{"text":"Cuban","start":6773.79,"end":6774.35},{"text":"persons","start":6776.27,"end":6776.91},{"text":"to","start":6777.31,"end":6777.75},{"text":"send","start":6777.75,"end":6778.07},{"text":"remittances","start":6778.07,"end":6778.83},{"text":"to","start":6779.15,"end":6779.31},{"text":"their","start":6779.31,"end":6779.47},{"text":"country","start":6779.47,"end":6779.95},{"text":"of","start":6780.03,"end":6780.27},{"text":"origin,","start":6780.27,"end":6780.67},{"text":"to","start":6780.67,"end":6780.83},{"text":"their","start":6780.83,"end":6780.99},{"text":"families.","start":6780.99,"end":6781.35}]},{"text":"So this has a huge impact on families.","start":6781.35,"end":6783.87,"topics":[],"words":[{"text":"So","start":6781.35,"end":6781.59},{"text":"this","start":6781.59,"end":6781.79},{"text":"has","start":6781.79,"end":6781.91},{"text":"a","start":6781.91,"end":6781.95},{"text":"huge","start":6781.95,"end":6782.23},{"text":"impact","start":6782.23,"end":6782.67},{"text":"on","start":6783.07,"end":6783.31},{"text":"families.","start":6783.31,"end":6783.87}]},{"text":"So we would like to see language on not imposing, uh, obstacles to the natural flow of remittances.","start":6785.47,"end":6793.39,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. 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let me also take the opportunity to thank you and all of the co-facilitators for giving us the room and the space to present the diverse views of the developing countries, especially for SIDS, given that this is usually a space and a topic that SIDS are often not included in when we are discussing reform of the international financial 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we certainly appreciate how the co-facilitators are conducting the work of the PrepCom and giving us the space to express our views.","start":7065.27,"end":7074.87,"topics":[],"words":[{"text":"So","start":7065.27,"end":7065.51},{"text":"we","start":7065.51,"end":7065.67},{"text":"certainly","start":7065.67,"end":7066.11},{"text":"appreciate","start":7066.11,"end":7066.79},{"text":"how","start":7066.79,"end":7067.11},{"text":"the","start":7067.11,"end":7067.39},{"text":"co-facilitators","start":7067.39,"end":7068.55},{"text":"are","start":7068.55,"end":7068.79},{"text":"conducting","start":7069.43,"end":7070.15},{"text":"the","start":7070.15,"end":7070.59},{"text":"work","start":7070.59,"end":7070.83},{"text":"of","start":7070.83,"end":7070.95},{"text":"the","start":7070.95,"end":7071.03},{"text":"PrepCom","start":7071.03,"end":7071.67},{"text":"and","start":7071.75,"end":7071.99},{"text":"giving","start":7071.99,"end":7072.31},{"text":"us","start":7072.31,"end":7072.47},{"text":"the","start":7072.47,"end":7072.55},{"text":"space","start":7072.55,"end":7072.87},{"text":"to","start":7072.87,"end":7073.27},{"text":"express","start":7073.75,"end":7074.27},{"text":"our","start":7074.27,"end":7074.39},{"text":"views.","start":7074.39,"end":7074.87}]},{"text":"Turning to paragraph 34, EOSIS would like to request from the co-facilitators further clarity Specifically on the proposal regarding the development of a model framework, it would be useful to get a sense on whether there is a specific actor in mind for developing this model framework.","start":7075.75,"end":7094.87,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"Is","start":7095.27,"end":7095.51},{"text":"this","start":7095.51,"end":7095.75},{"text":"a","start":7095.75,"end":7095.83},{"text":"domestic","start":7095.83,"end":7096.43},{"text":"or","start":7096.43,"end":7096.55},{"text":"international","start":7096.55,"end":7097.31},{"text":"model","start":7097.31,"end":7097.59},{"text":"framework?","start":7097.59,"end":7098.23}]},{"text":"Pending the responses to these inquiries, we believe that this proposal and its objective can be made much clearer.","start":7099.83,"end":7107.19,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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disaster and climate change impacts and to add to the end, uh, promote approaches that mitigate future risk and improve insurance 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believe that insurance markets must take into account the frequency and scale of hazards and improve coverage without undue burden on the poorest and most 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should also be focused on building resilience and mitigating future risk at the same time.","start":7137.79,"end":7143.79,"topics":[],"words":[{"text":"Approaches","start":7137.79,"end":7138.27},{"text":"should","start":7138.27,"end":7138.59},{"text":"also","start":7138.75,"end":7139.15},{"text":"be","start":7139.15,"end":7139.31},{"text":"focused","start":7139.31,"end":7139.79},{"text":"on","start":7139.79,"end":7139.95},{"text":"building","start":7139.95,"end":7140.35},{"text":"resilience","start":7140.35,"end":7140.91},{"text":"and","start":7140.91,"end":7141.07},{"text":"mitigating","start":7141.07,"end":7141.79},{"text":"future","start":7141.79,"end":7142.39},{"text":"risk","start":7142.39,"end":7142.83},{"text":"at","start":7142.83,"end":7142.99},{"text":"the","start":7142.99,"end":7143.07},{"text":"same","start":7143.07,"end":7143.39},{"text":"time.","start":7143.39,"end":7143.79}]},{"text":"On paragraph 34f, MSMEs access to support should not only be limited to affordable credit as access to grants and other financing instruments can support their development.","start":7144.83,"end":7157.71,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"On","start":7144.83,"end":7145.07},{"text":"paragraph","start":7145.07,"end":7145.95},{"text":"34f,","start":7145.95,"end":7147.07},{"text":"MSMEs","start":7147.87,"end":7148.83},{"text":"access","start":7148.83,"end":7149.63},{"text":"to","start":7149.87,"end":7150.07},{"text":"support","start":7150.07,"end":7150.55},{"text":"should","start":7150.55,"end":7150.67},{"text":"not","start":7150.67,"end":7151.07},{"text":"only","start":7151.55,"end":7151.87},{"text":"be","start":7151.87,"end":7151.99},{"text":"limited","start":7151.99,"end":7152.51},{"text":"to","start":7152.51,"end":7152.67},{"text":"affordable","start":7152.67,"end":7153.15},{"text":"credit","start":7153.15,"end":7153.71},{"text":"as","start":7153.71,"end":7153.95},{"text":"access","start":7153.95,"end":7154.35},{"text":"to","start":7154.35,"end":7154.43},{"text":"grants","start":7154.43,"end":7154.79},{"text":"and","start":7154.79,"end":7154.91},{"text":"other","start":7154.91,"end":7155.15},{"text":"financing","start":7155.15,"end":7155.67},{"text":"instruments","start":7155.67,"end":7156.27},{"text":"can","start":7156.27,"end":7156.43},{"text":"support","start":7156.43,"end":7156.83},{"text":"their","start":7156.83,"end":7156.95},{"text":"development.","start":7156.95,"end":7157.71}]},{"text":"Therefore, we would request to replace affordable credit with affordable financing to broaden the tools that are available to MSMES.","start":7158.43,"end":7167.51,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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paragraph 24J, EOSIS fully and strongly supports this paragraph and would like to strengthen it 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banking relationships in cases where such services have been 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addition to technical assistance programs, which we definitely wish to see retained in the text, we'd also like to add capacity building to countries in 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the paragraph should also reflect the need to prevent the loss of such correspondent banking relations and services that negatively impact developing 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paragraph 35, ELSA strongly supports 35A and the reference to the various mechanisms to support the LDCs, LLDCs and SIDS, in particular the SIDS Center of 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wish to further strengthen this paragraph by calling for the timely establishment and support for all of these 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paragraph H, EOSIS proposes replacing the word standardized with harmonized, which is the term usually used when we're referring to simplifying procedures for accessing 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on paragraph I, We request that the reference to countries in special situations is unpacked to read specifically LDCs, LLDCs, and SIDS to lend more clarity to the paragraph given that some MDBs may not use the nomenclature of countries in special 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now to paragraph 36.","start":7271.39,"end":7273.79,"topics":[],"words":[{"text":"Turning","start":7271.39,"end":7271.95},{"text":"now","start":7271.95,"end":7272.19},{"text":"to","start":7272.19,"end":7272.39},{"text":"paragraph","start":7272.39,"end":7272.99},{"text":"36.","start":7272.99,"end":7273.79}]},{"text":"On paragraph 36, I think similarly to previous delegations, We would also appreciate the co-facilitators clarification on what is meant by we will transpose at national level the standards of the ISSB and of the Global Reporting Initiative in parallel, given that these are two separate bodies and it's not entirely clear how we would reconcile this approach.","start":7274.59,"end":7300.31,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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is EOSC's understanding that there is no work on this explicitly under the UNFCCC and another way of such 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this regard, we would be grateful for any further information on this.","start":7326.23,"end":7329.51,"topics":[],"words":[{"text":"In","start":7326.23,"end":7326.35},{"text":"this","start":7326.35,"end":7326.55},{"text":"regard,","start":7326.55,"end":7326.95},{"text":"we","start":7326.95,"end":7327.03},{"text":"would","start":7327.03,"end":7327.15},{"text":"be","start":7327.15,"end":7327.27},{"text":"grateful","start":7327.27,"end":7327.75},{"text":"for","start":7327.75,"end":7327.99},{"text":"any","start":7327.99,"end":7328.19},{"text":"further","start":7328.19,"end":7328.47},{"text":"information","start":7328.47,"end":7329.03},{"text":"on","start":7329.03,"end":7329.11},{"text":"this.","start":7329.11,"end":7329.51}]},{"text":"including if there is a source for this language as 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that being said, thank you very much for giving me the floor.","start":7352.59,"end":7355.79,"topics":[],"words":[{"text":"But","start":7352.59,"end":7352.75},{"text":"that","start":7352.75,"end":7352.99},{"text":"being","start":7352.99,"end":7353.23},{"text":"said,","start":7353.23,"end":7353.55},{"text":"thank","start":7353.79,"end":7354.11},{"text":"you","start":7354.11,"end":7354.27},{"text":"very","start":7354.27,"end":7354.75},{"text":"much","start":7354.75,"end":7355.07},{"text":"for","start":7355.07,"end":7355.19},{"text":"giving","start":7355.19,"end":7355.39},{"text":"me","start":7355.39,"end":7355.51},{"text":"the","start":7355.51,"end":7355.59},{"text":"floor.","start":7355.59,"end":7355.79}]}]}],"speaker":{"name":null,"affiliation":"PLW","affiliation_full":"Palau","group":"AOSIS","function":"Representative"}},{"statement_number":96,"start":7357.87,"pageUrl":"/en/asset/k10/k100hn2hrf?t=7358","paragraphs":[{"sentences":[{"text":"I thank the representative of Palau, and I now 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you have the floor, Your Excellency.","start":7368.67,"end":7370.59,"topics":[],"words":[{"text":"But","start":7368.67,"end":7368.83},{"text":"you","start":7368.83,"end":7368.91},{"text":"have","start":7368.91,"end":7369.15},{"text":"the","start":7369.15,"end":7369.31},{"text":"floor,","start":7369.31,"end":7369.71},{"text":"Your","start":7369.71,"end":7369.91},{"text":"Excellency.","start":7369.91,"end":7370.59}]}]}],"speaker":{"name":"Merele","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":97,"start":7374.99,"pageUrl":"/en/asset/k10/k100hn2hrf?t=7375","paragraphs":[{"sentences":[{"text":"Thank you very much for giving me the floor.","start":7374.99,"end":7377.15,"topics":[],"words":[{"text":"Thank","start":7374.99,"end":7375.19},{"text":"you","start":7375.19,"end":7375.27},{"text":"very","start":7375.27,"end":7375.47},{"text":"much","start":7375.47,"end":7375.79},{"text":"for","start":7375.79,"end":7376.11},{"text":"giving","start":7376.11,"end":7376.51},{"text":"me","start":7376.51,"end":7376.67},{"text":"the","start":7376.67,"end":7376.79},{"text":"floor.","start":7376.79,"end":7377.15}]},{"text":"Guatemala aligns itself with the statement made on behalf of G77 and 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para 34H, DPI may not be characterized as an emerging technology as it is widely recognized as an innovative digital technology solution.","start":7779.05,"end":7789.61,"topics":[],"words":[{"text":"In","start":7779.05,"end":7779.21},{"text":"para","start":7779.21,"end":7779.81},{"text":"34H,","start":7779.81,"end":7780.89},{"text":"DPI","start":7781.21,"end":7781.69},{"text":"may","start":7781.69,"end":7781.85},{"text":"not","start":7781.85,"end":7782.13},{"text":"be","start":7782.13,"end":7782.25},{"text":"characterized","start":7782.25,"end":7783.13},{"text":"as","start":7783.13,"end":7783.29},{"text":"an","start":7783.29,"end":7783.37},{"text":"emerging","start":7783.37,"end":7783.85},{"text":"technology","start":7783.85,"end":7784.73},{"text":"as","start":7784.89,"end":7785.13},{"text":"it","start":7785.13,"end":7785.29},{"text":"is","start":7785.29,"end":7785.53},{"text":"widely","start":7785.53,"end":7786.09},{"text":"recognized","start":7786.17,"end":7786.89},{"text":"as","start":7786.89,"end":7787.05},{"text":"an","start":7787.05,"end":7787.13},{"text":"innovative","start":7787.13,"end":7787.77},{"text":"digital","start":7787.77,"end":7788.25},{"text":"technology","start":7788.25,"end":7788.89},{"text":"solution.","start":7788.89,"end":7789.61}]},{"text":"Coming to paragraph 35, a key impediment to EMDs access to international markets is the poor sovereign ratings from the credit rating agencies.","start":7790.57,"end":7800.41,"topics":[],"words":[{"text":"Coming","start":7790.57,"end":7790.89},{"text":"to","start":7790.89,"end":7790.97},{"text":"paragraph","start":7790.97,"end":7791.53},{"text":"35,","start":7791.69,"end":7792.49},{"text":"a","start":7792.81,"end":7792.89},{"text":"key","start":7792.97,"end":7793.25},{"text":"impediment","start":7793.25,"end":7793.97},{"text":"to","start":7793.97,"end":7794.05},{"text":"EMDs","start":7794.25,"end":7794.73},{"text":"access","start":7794.73,"end":7795.37},{"text":"to","start":7795.37,"end":7795.49},{"text":"international","start":7795.49,"end":7796.13},{"text":"markets","start":7796.13,"end":7796.73},{"text":"is","start":7797.05,"end":7797.21},{"text":"the","start":7797.21,"end":7797.37},{"text":"poor","start":7797.37,"end":7797.85},{"text":"sovereign","start":7797.85,"end":7798.33},{"text":"ratings","start":7798.33,"end":7798.77},{"text":"from","start":7798.77,"end":7798.97},{"text":"the","start":7798.97,"end":7799.05},{"text":"credit","start":7799.05,"end":7799.37},{"text":"rating","start":7799.37,"end":7799.69},{"text":"agencies.","start":7799.69,"end":7800.41}]},{"text":"The credit rating agencies continue to exhibit stickiness in EMDs ratings and are very slow to account for improvements that the EMDs make in their policy 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engagement with credit rating agencies is therefore of utmost importance to improve the flow of private capital to development financing.","start":7812.45,"end":7822.49,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"It","start":7900.77,"end":7900.93},{"text":"is","start":7900.93,"end":7901.09},{"text":"crucial","start":7901.09,"end":7901.57},{"text":"to","start":7901.57,"end":7901.69},{"text":"preserve","start":7901.69,"end":7902.13},{"text":"flexibility","start":7902.13,"end":7902.89},{"text":"in","start":7902.89,"end":7903.01},{"text":"implementing","start":7903.01,"end":7903.73},{"text":"these","start":7903.73,"end":7903.97},{"text":"standards","start":7903.97,"end":7904.49},{"text":"to","start":7904.49,"end":7904.65},{"text":"account","start":7904.65,"end":7905.17},{"text":"for","start":7905.17,"end":7905.45},{"text":"country-specific","start":7905.45,"end":7906.61},{"text":"circumstances.","start":7906.85,"end":7908.05}]},{"text":"We call for the text to reflect the same.","start":7908.29,"end":7910.77,"topics":[],"words":[{"text":"We","start":7908.29,"end":7908.45},{"text":"call","start":7908.45,"end":7908.77},{"text":"for","start":7908.77,"end":7908.93},{"text":"the","start":7908.93,"end":7909.09},{"text":"text","start":7909.09,"end":7909.69},{"text":"to","start":7909.69,"end":7909.77},{"text":"reflect","start":7909.77,"end":7910.21},{"text":"the","start":7910.21,"end":7910.33},{"text":"same.","start":7910.33,"end":7910.77}]},{"text":"We emphasize that while some alignment and interoperability in sustainable finance policies and regulations is desirable to attract international finance, imposing standardized approaches should be avoided given the diversity of national circumstances and development priorities.","start":7911.81,"end":7930.53,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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para 36 should be suitably rephrased.","start":7930.85,"end":7935.25,"topics":[],"words":[{"text":"Accordingly,","start":7930.85,"end":7931.65},{"text":"para","start":7931.81,"end":7932.25},{"text":"36","start":7932.25,"end":7932.77},{"text":"should","start":7933.41,"end":7933.65},{"text":"be","start":7933.65,"end":7933.81},{"text":"suitably","start":7933.81,"end":7934.45},{"text":"rephrased.","start":7934.45,"end":7935.25}]},{"text":"I thank you.","start":7935.49,"end":7936.21,"topics":[],"words":[{"text":"I","start":7935.49,"end":7935.65},{"text":"thank","start":7935.73,"end":7936.05},{"text":"you.","start":7936.05,"end":7936.21}]}]}],"speaker":{"name":null,"affiliation":"IND","affiliation_full":"India","group":null,"function":"Representative"}},{"statement_number":102,"start":7937.81,"pageUrl":"/en/asset/k10/k100hn2hrf?t=7938","paragraphs":[{"sentences":[{"text":"I thank the representative of 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this chapter, we particularly welcome subparagraph 34 with its emphasis on women and marginalized groups.","start":7957.69,"end":7963.53,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":8012.45,"end":8012.81},{"text":"para","start":8012.89,"end":8013.29},{"text":"34,","start":8013.29,"end":8013.77},{"text":"we","start":8013.77,"end":8014.09},{"text":"wish","start":8014.09,"end":8014.37},{"text":"to","start":8014.37,"end":8014.53},{"text":"include","start":8014.53,"end":8015.05},{"text":"blue","start":8015.29,"end":8015.53},{"text":"bond","start":8015.53,"end":8015.85},{"text":"alongside","start":8015.85,"end":8016.41},{"text":"other","start":8016.41,"end":8016.61},{"text":"types","start":8016.61,"end":8016.97},{"text":"of","start":8016.97,"end":8017.13},{"text":"bond","start":8017.13,"end":8017.53},{"text":"that","start":8017.53,"end":8017.69},{"text":"have","start":8017.69,"end":8017.85},{"text":"been","start":8017.85,"end":8018.01},{"text":"mentioned.","start":8018.01,"end":8018.49}]},{"text":"We have seen increasing contribution from the initiative, including to close the financing gap.","start":8018.89,"end":8023.61,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":8018.89,"end":8019.09},{"text":"have","start":8019.09,"end":8019.21},{"text":"seen","start":8019.21,"end":8019.45},{"text":"increasing","start":8019.45,"end":8020.01},{"text":"contribution","start":8020.01,"end":8020.57},{"text":"from","start":8020.57,"end":8020.89},{"text":"the","start":8020.89,"end":8021.05},{"text":"initiative,","start":8021.05,"end":8021.61},{"text":"including","start":8021.69,"end":8022.21},{"text":"to","start":8022.21,"end":8022.33},{"text":"close","start":8022.33,"end":8022.57},{"text":"the","start":8022.57,"end":8022.81},{"text":"financing","start":8022.81,"end":8023.37},{"text":"gap.","start":8023.37,"end":8023.61}]},{"text":"On the point of access to financing, remittances and correspondent banking relationship, we thank the co-facilitators to include remittances.","start":8025.01,"end":8034.17,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"On","start":8025.01,"end":8025.13},{"text":"the","start":8027.37,"end":8027.53},{"text":"point","start":8027.53,"end":8027.89},{"text":"of","start":8027.89,"end":8028.01},{"text":"access","start":8028.01,"end":8028.33},{"text":"to","start":8028.33,"end":8028.41},{"text":"financing,","start":8028.41,"end":8028.97},{"text":"remittances","start":8028.97,"end":8029.57},{"text":"and","start":8029.57,"end":8029.77},{"text":"correspondent","start":8029.77,"end":8030.33},{"text":"banking","start":8030.33,"end":8030.57},{"text":"relationship,","start":8030.57,"end":8031.21},{"text":"we","start":8031.53,"end":8031.77},{"text":"thank","start":8031.77,"end":8032.01},{"text":"the","start":8032.01,"end":8032.09},{"text":"co-facilitators","start":8032.09,"end":8032.97},{"text":"to","start":8032.97,"end":8033.05},{"text":"include","start":8033.05,"end":8033.41},{"text":"remittances.","start":8033.41,"end":8034.17}]},{"text":"We wish to underscore the importance of financial literacy and enhance access to financial services.","start":8034.49,"end":8039.45,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"We","start":8045.97,"end":8046.09},{"text":"also","start":8046.09,"end":8046.29},{"text":"support","start":8046.29,"end":8046.61},{"text":"the","start":8046.61,"end":8046.73},{"text":"efforts","start":8046.73,"end":8047.09},{"text":"to","start":8047.09,"end":8047.41},{"text":"reduce","start":8047.41,"end":8047.89},{"text":"remittance","start":8047.97,"end":8048.45},{"text":"costs.","start":8048.45,"end":8048.85}]},{"text":"On foreign direct investment, particularly on paragraph 35a, we support the proposal to scale up FDI in developing countries.","start":8050.45,"end":8057.65,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":8050.45,"end":8050.69},{"text":"foreign","start":8050.69,"end":8051.01},{"text":"direct","start":8051.01,"end":8051.25},{"text":"investment,","start":8051.25,"end":8051.85},{"text":"particularly","start":8051.97,"end":8052.61},{"text":"on","start":8052.61,"end":8052.77},{"text":"paragraph","start":8052.77,"end":8053.17},{"text":"35a,","start":8053.17,"end":8054.05},{"text":"we","start":8054.05,"end":8054.29},{"text":"support","start":8054.29,"end":8054.69},{"text":"the","start":8054.69,"end":8054.85},{"text":"proposal","start":8054.85,"end":8055.33},{"text":"to","start":8055.33,"end":8055.49},{"text":"scale","start":8055.49,"end":8055.77},{"text":"up","start":8055.77,"end":8055.89},{"text":"FDI","start":8055.97,"end":8056.53},{"text":"in","start":8056.53,"end":8056.65},{"text":"developing","start":8056.65,"end":8057.09},{"text":"countries.","start":8057.09,"end":8057.65}]},{"text":"We are of the view that the listing of initiative could be expanded to include all developing countries.","start":8057.73,"end":8063.97,"topics":[],"words":[{"text":"We","start":8057.73,"end":8057.93},{"text":"are","start":8057.93,"end":8058.01},{"text":"of","start":8058.01,"end":8058.13},{"text":"the","start":8058.13,"end":8058.21},{"text":"view","start":8058.21,"end":8058.37},{"text":"that","start":8058.37,"end":8058.53},{"text":"the","start":8058.53,"end":8058.65},{"text":"listing","start":8058.65,"end":8059.09},{"text":"of","start":8059.09,"end":8059.25},{"text":"initiative","start":8059.25,"end":8059.89},{"text":"could","start":8060.13,"end":8060.45},{"text":"be","start":8060.45,"end":8060.61},{"text":"expanded","start":8060.61,"end":8061.09},{"text":"to","start":8061.09,"end":8061.57},{"text":"include","start":8061.89,"end":8062.33},{"text":"all","start":8062.77,"end":8062.93},{"text":"developing","start":8062.93,"end":8063.41},{"text":"countries.","start":8063.41,"end":8063.97}]},{"text":"On paragraph 35d, We are of the view that the notion of the first sentence should be reformulated to maintain a positive tone in its overall context.","start":8065.41,"end":8075.09,"topics":[],"words":[{"text":"On","start":8065.41,"end":8065.73},{"text":"paragraph","start":8065.73,"end":8066.17},{"text":"35d,","start":8066.77,"end":8067.73},{"text":"We","start":8068.45,"end":8068.57},{"text":"are","start":8068.57,"end":8068.69},{"text":"of","start":8068.69,"end":8068.77},{"text":"the","start":8068.77,"end":8068.85},{"text":"view","start":8068.85,"end":8069.01},{"text":"that","start":8069.01,"end":8069.17},{"text":"the","start":8069.17,"end":8069.25},{"text":"notion","start":8069.25,"end":8069.61},{"text":"of","start":8069.61,"end":8069.73},{"text":"the","start":8069.73,"end":8069.81},{"text":"first","start":8069.81,"end":8070.05},{"text":"sentence","start":8070.05,"end":8070.53},{"text":"should","start":8070.53,"end":8070.73},{"text":"be","start":8070.77,"end":8071.17},{"text":"reformulated","start":8071.17,"end":8072.05},{"text":"to","start":8072.45,"end":8072.57},{"text":"maintain","start":8072.57,"end":8072.89},{"text":"a","start":8072.89,"end":8072.93},{"text":"positive","start":8072.93,"end":8073.41},{"text":"tone","start":8073.41,"end":8073.65},{"text":"in","start":8073.65,"end":8073.81},{"text":"its","start":8073.81,"end":8074.05},{"text":"overall","start":8074.05,"end":8074.45},{"text":"context.","start":8074.45,"end":8075.09}]},{"text":"We believe that quantity and degree of leverage are still of importance, while also share the needs to call for higher quality outcomes, focusing more on sustainable development.","start":8075.33,"end":8085.89,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":8075.33,"end":8075.49},{"text":"believe","start":8075.49,"end":8075.81},{"text":"that","start":8075.81,"end":8075.97},{"text":"quantity","start":8075.97,"end":8076.65},{"text":"and","start":8076.65,"end":8076.81},{"text":"degree","start":8076.81,"end":8077.09},{"text":"of","start":8077.09,"end":8077.25},{"text":"leverage","start":8077.25,"end":8077.65},{"text":"are","start":8077.73,"end":8077.89},{"text":"still","start":8077.89,"end":8078.17},{"text":"of","start":8078.17,"end":8078.29},{"text":"importance,","start":8078.29,"end":8079.01},{"text":"while","start":8079.29,"end":8079.65},{"text":"also","start":8079.65,"end":8080.37},{"text":"share","start":8080.37,"end":8080.77},{"text":"the","start":8080.77,"end":8080.89},{"text":"needs","start":8080.89,"end":8081.25},{"text":"to","start":8081.25,"end":8081.37},{"text":"call","start":8081.37,"end":8081.65},{"text":"for","start":8081.65,"end":8081.81},{"text":"higher","start":8081.81,"end":8082.21},{"text":"quality","start":8082.21,"end":8082.69},{"text":"outcomes,","start":8082.69,"end":8083.41},{"text":"focusing","start":8083.73,"end":8084.37},{"text":"more","start":8084.37,"end":8084.73},{"text":"on","start":8084.73,"end":8084.85},{"text":"sustainable","start":8084.85,"end":8085.33},{"text":"development.","start":8085.33,"end":8085.89}]},{"text":"Therefore, our suggested edit to the first sentence to become, we call for the scaling up of blended finance in terms of quantity and its impact to the sustainable development.","start":8087.01,"end":8097.37,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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are supportive of the text in 34C, but propose the addition of gender bonds.","start":8196.85,"end":8200.77,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"Gender","start":8201.01,"end":8201.33},{"text":"bonds,","start":8201.33,"end":8201.65},{"text":"which","start":8201.65,"end":8201.89},{"text":"present","start":8201.89,"end":8202.33},{"text":"both","start":8202.33,"end":8202.53},{"text":"corporate","start":8202.53,"end":8202.93},{"text":"and","start":8202.93,"end":8203.09},{"text":"sovereign","start":8203.09,"end":8203.49},{"text":"issuers","start":8203.49,"end":8204.05},{"text":"the","start":8204.05,"end":8204.25},{"text":"opportunity","start":8204.25,"end":8204.77},{"text":"to","start":8204.77,"end":8204.85},{"text":"channel","start":8204.85,"end":8205.17},{"text":"resources","start":8205.17,"end":8205.97},{"text":"towards","start":8205.97,"end":8206.29},{"text":"gender","start":8206.29,"end":8206.61},{"text":"equality","start":8206.61,"end":8207.01},{"text":"objectives,","start":8207.01,"end":8207.73},{"text":"have","start":8207.89,"end":8208.13},{"text":"emerged","start":8208.13,"end":8208.57},{"text":"as","start":8208.57,"end":8208.69},{"text":"a","start":8208.69,"end":8208.73},{"text":"promising","start":8208.73,"end":8209.25},{"text":"instrument","start":8209.25,"end":8209.73},{"text":"for","start":8209.73,"end":8209.89},{"text":"financing","start":8209.89,"end":8210.41},{"text":"initiatives","start":8210.41,"end":8211.01},{"text":"aimed","start":8211.01,"end":8211.25},{"text":"at","start":8211.25,"end":8211.33},{"text":"advancing","start":8211.33,"end":8211.81},{"text":"gender","start":8211.81,"end":8212.17}]}]},{"sentences":[{"text":"equality and the empowerment of women and girls.","start":8212.17,"end":8214.29,"topics":[],"words":[{"text":"equality","start":8212.17,"end":8212.61},{"text":"and","start":8212.61,"end":8212.77},{"text":"the","start":8212.77,"end":8212.85},{"text":"empowerment","start":8212.85,"end":8213.37},{"text":"of","start":8213.37,"end":8213.49},{"text":"women","start":8213.49,"end":8213.73},{"text":"and","start":8213.73,"end":8213.85},{"text":"girls.","start":8213.85,"end":8214.29}]}]},{"sentences":[{"text":"Canada welcomes the text in 34F.","start":8215.01,"end":8217.09,"topics":[],"words":[{"text":"Canada","start":8215.01,"end":8215.37},{"text":"welcomes","start":8215.37,"end":8215.77},{"text":"the","start":8215.77,"end":8215.85},{"text":"text","start":8215.85,"end":8216.21},{"text":"in","start":8216.21,"end":8216.37},{"text":"34F.","start":8216.37,"end":8217.09}]},{"text":"We're also supportive of 34G, noting the inclusion of financial literacy, but suggest the addition of improved financial products and services.","start":8218.21,"end":8225.81,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We're","start":8218.21,"end":8218.41},{"text":"also","start":8218.41,"end":8218.65},{"text":"supportive","start":8218.65,"end":8219.13},{"text":"of","start":8219.13,"end":8219.25},{"text":"34G,","start":8219.25,"end":8220.05},{"text":"noting","start":8220.45,"end":8220.77},{"text":"the","start":8220.77,"end":8220.85},{"text":"inclusion","start":8220.85,"end":8221.33},{"text":"of","start":8221.33,"end":8221.41},{"text":"financial","start":8221.41,"end":8221.93},{"text":"literacy,","start":8221.93,"end":8222.45},{"text":"but","start":8222.45,"end":8222.57},{"text":"suggest","start":8222.57,"end":8222.97},{"text":"the","start":8222.97,"end":8223.05},{"text":"addition","start":8223.05,"end":8223.49},{"text":"of","start":8223.49,"end":8223.57},{"text":"improved","start":8223.57,"end":8224.05},{"text":"financial","start":8224.05,"end":8224.49},{"text":"products","start":8224.49,"end":8225.01},{"text":"and","start":8225.01,"end":8225.17},{"text":"services.","start":8225.17,"end":8225.81}]},{"text":"As outlined in the text, access is not the only roadblock for the inclusion of underserved populations in financial systems.","start":8226.13,"end":8232.45,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"As","start":8226.13,"end":8226.37},{"text":"outlined","start":8226.37,"end":8226.81},{"text":"in","start":8226.81,"end":8226.89},{"text":"the","start":8226.89,"end":8226.97},{"text":"text,","start":8226.97,"end":8227.41},{"text":"access","start":8227.41,"end":8227.89},{"text":"is","start":8227.89,"end":8228.05},{"text":"not","start":8228.05,"end":8228.33},{"text":"the","start":8228.33,"end":8228.41},{"text":"only","start":8228.41,"end":8228.61},{"text":"roadblock","start":8228.61,"end":8229.17},{"text":"for","start":8229.17,"end":8229.29},{"text":"the","start":8229.29,"end":8229.37},{"text":"inclusion","start":8229.37,"end":8229.89},{"text":"of","start":8229.89,"end":8229.97},{"text":"underserved","start":8229.97,"end":8230.57},{"text":"populations","start":8230.57,"end":8231.29},{"text":"in","start":8231.29,"end":8231.41},{"text":"financial","start":8231.41,"end":8231.89},{"text":"systems.","start":8231.89,"end":8232.45}]},{"text":"The financial products and services offered also need to be designed for these groups and their needs.","start":8232.77,"end":8237.33,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"The","start":8232.77,"end":8232.85},{"text":"financial","start":8232.85,"end":8233.29},{"text":"products","start":8233.29,"end":8233.69},{"text":"and","start":8233.69,"end":8233.81},{"text":"services","start":8233.81,"end":8234.21},{"text":"offered","start":8234.21,"end":8234.69},{"text":"also","start":8234.69,"end":8234.97},{"text":"need","start":8234.97,"end":8235.17},{"text":"to","start":8235.17,"end":8235.29},{"text":"be","start":8235.29,"end":8235.41},{"text":"designed","start":8235.41,"end":8235.85},{"text":"for","start":8235.85,"end":8235.97},{"text":"these","start":8235.97,"end":8236.21},{"text":"groups","start":8236.21,"end":8236.53},{"text":"and","start":8236.53,"end":8236.77},{"text":"their","start":8236.77,"end":8236.93},{"text":"needs.","start":8236.93,"end":8237.33}]},{"text":"We are supportive of the text in 35D, but suggest reframing leverage as an essential component of mobilization.","start":8238.09,"end":8244.17,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":8238.09,"end":8238.21},{"text":"are","start":8238.21,"end":8238.33},{"text":"supportive","start":8238.33,"end":8238.73},{"text":"of","start":8238.73,"end":8238.81},{"text":"the","start":8238.81,"end":8238.89},{"text":"text","start":8238.89,"end":8239.21},{"text":"in","start":8239.21,"end":8239.37},{"text":"35D,","start":8239.37,"end":8240.01},{"text":"but","start":8240.01,"end":8240.25},{"text":"suggest","start":8240.25,"end":8240.65},{"text":"reframing","start":8240.65,"end":8241.29},{"text":"leverage","start":8241.29,"end":8241.85},{"text":"as","start":8241.85,"end":8242.01},{"text":"an","start":8242.01,"end":8242.09},{"text":"essential","start":8242.09,"end":8242.49},{"text":"component","start":8242.49,"end":8243.09},{"text":"of","start":8243.09,"end":8243.21},{"text":"mobilization.","start":8243.21,"end":8244.17}]},{"text":"The purpose of private capital mobilization is to leverage additional resources for greater impact, not rather than or either or.","start":8244.49,"end":8252.25,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"The","start":8244.49,"end":8244.65},{"text":"purpose","start":8244.65,"end":8244.97},{"text":"of","start":8244.97,"end":8245.05},{"text":"private","start":8245.05,"end":8245.41},{"text":"capital","start":8245.41,"end":8246.25},{"text":"mobilization","start":8246.33,"end":8247.29},{"text":"is","start":8247.29,"end":8247.53},{"text":"to","start":8247.53,"end":8247.65},{"text":"leverage","start":8247.65,"end":8248.01},{"text":"additional","start":8248.01,"end":8248.49},{"text":"resources","start":8248.49,"end":8249.05},{"text":"for","start":8249.05,"end":8249.21},{"text":"greater","start":8249.21,"end":8249.45},{"text":"impact,","start":8249.45,"end":8250.01},{"text":"not","start":8250.33,"end":8250.61},{"text":"rather","start":8250.61,"end":8250.97},{"text":"than","start":8250.97,"end":8251.37},{"text":"or","start":8251.37,"end":8251.53},{"text":"either","start":8251.53,"end":8251.85},{"text":"or.","start":8251.85,"end":8252.25}]},{"text":"We are supportive of 35F, but would propose strengthening the text by replacing supporting efforts with promote.","start":8252.81,"end":8258.73,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":8252.81,"end":8252.93},{"text":"are","start":8252.93,"end":8253.05},{"text":"supportive","start":8253.05,"end":8253.53},{"text":"of","start":8253.53,"end":8253.61},{"text":"35F,","start":8253.61,"end":8254.41},{"text":"but","start":8254.89,"end":8255.01},{"text":"would","start":8255.01,"end":8255.13},{"text":"propose","start":8255.13,"end":8255.57},{"text":"strengthening","start":8255.57,"end":8256.09},{"text":"the","start":8256.09,"end":8256.17},{"text":"text","start":8256.17,"end":8256.53},{"text":"by","start":8256.53,"end":8256.65},{"text":"replacing","start":8256.65,"end":8257.21},{"text":"supporting","start":8257.21,"end":8257.69},{"text":"efforts","start":8257.69,"end":8258.09},{"text":"with","start":8258.09,"end":8258.25},{"text":"promote.","start":8258.25,"end":8258.73}]},{"text":"We also recognize the efforts of the Hamburg Sustainability Platform in this regard.","start":8259.05,"end":8262.89,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":8259.05,"end":8259.21},{"text":"also","start":8259.21,"end":8259.37},{"text":"recognize","start":8259.37,"end":8260.01},{"text":"the","start":8260.01,"end":8260.13},{"text":"efforts","start":8260.13,"end":8260.49},{"text":"of","start":8260.49,"end":8260.57},{"text":"the","start":8260.57,"end":8260.65},{"text":"Hamburg","start":8260.65,"end":8261.05},{"text":"Sustainability","start":8261.05,"end":8261.77},{"text":"Platform","start":8261.77,"end":8262.25},{"text":"in","start":8262.25,"end":8262.33},{"text":"this","start":8262.33,"end":8262.49},{"text":"regard.","start":8262.49,"end":8262.89}]},{"text":"Canada welcomes the inclusion of MSMEs in 35G.","start":8263.93,"end":8267.13,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"Canada","start":8263.93,"end":8264.29},{"text":"welcomes","start":8264.29,"end":8264.65},{"text":"the","start":8264.65,"end":8264.73},{"text":"inclusion","start":8264.73,"end":8265.17},{"text":"of","start":8265.17,"end":8265.29},{"text":"MSMEs","start":8265.29,"end":8265.85},{"text":"in","start":8265.85,"end":8266.29},{"text":"35G.","start":8266.29,"end":8267.13}]},{"text":"We propose altering the language in both 35H and I, for example, with explore establishing or work towards establishing.","start":8267.85,"end":8276.01,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":8267.85,"end":8267.97},{"text":"propose","start":8267.97,"end":8268.41},{"text":"altering","start":8268.41,"end":8268.97},{"text":"the","start":8268.97,"end":8269.09},{"text":"language","start":8269.09,"end":8269.77},{"text":"in","start":8270.09,"end":8270.25},{"text":"both","start":8270.25,"end":8270.53},{"text":"35H","start":8270.53,"end":8271.37},{"text":"and","start":8271.37,"end":8271.69},{"text":"I,","start":8271.69,"end":8272.01},{"text":"for","start":8272.01,"end":8272.29},{"text":"example,","start":8272.29,"end":8272.73},{"text":"with","start":8272.73,"end":8272.97},{"text":"explore","start":8272.97,"end":8273.57},{"text":"establishing","start":8273.57,"end":8274.25},{"text":"or","start":8274.25,"end":8274.45},{"text":"work","start":8274.45,"end":8274.73},{"text":"towards","start":8274.73,"end":8275.21},{"text":"establishing.","start":8275.21,"end":8276.01}]},{"text":"We also request additional information on 35I from the co-facilitators to better understand what this commitment would entail and how it would be applied in practice.","start":8276.41,"end":8285.45,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":8276.41,"end":8276.65},{"text":"also","start":8276.65,"end":8276.97},{"text":"request","start":8276.97,"end":8277.41},{"text":"additional","start":8277.41,"end":8277.85},{"text":"information","start":8277.85,"end":8278.45},{"text":"on","start":8278.45,"end":8278.65},{"text":"35I","start":8278.65,"end":8279.69},{"text":"from","start":8279.77,"end":8280.05},{"text":"the","start":8280.05,"end":8280.17},{"text":"co-facilitators","start":8280.17,"end":8281.13},{"text":"to","start":8281.13,"end":8281.25},{"text":"better","start":8281.25,"end":8281.53},{"text":"understand","start":8281.53,"end":8282.05},{"text":"what","start":8282.05,"end":8282.21},{"text":"this","start":8282.21,"end":8282.41},{"text":"commitment","start":8282.41,"end":8282.85},{"text":"would","start":8282.85,"end":8283.05},{"text":"entail","start":8283.05,"end":8283.53},{"text":"and","start":8283.53,"end":8283.69},{"text":"how","start":8283.69,"end":8283.93},{"text":"it","start":8283.93,"end":8284.01},{"text":"would","start":8284.01,"end":8284.13},{"text":"be","start":8284.13,"end":8284.25},{"text":"applied","start":8284.25,"end":8284.73},{"text":"in","start":8284.73,"end":8284.81},{"text":"practice.","start":8284.81,"end":8285.45}]},{"text":"Canada welcomes the text in 35J, particularly as we've already undertaken efforts in this space.","start":8286.17,"end":8291.61,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Canada","start":8286.17,"end":8286.49},{"text":"welcomes","start":8286.49,"end":8286.93},{"text":"the","start":8286.93,"end":8287.01},{"text":"text","start":8287.01,"end":8287.41},{"text":"in","start":8287.41,"end":8287.53},{"text":"35J,","start":8287.53,"end":8288.41},{"text":"particularly","start":8288.65,"end":8289.37},{"text":"as","start":8289.37,"end":8289.49},{"text":"we've","start":8289.49,"end":8289.69},{"text":"already","start":8289.69,"end":8290.01},{"text":"undertaken","start":8290.01,"end":8290.49},{"text":"efforts","start":8290.49,"end":8290.85},{"text":"in","start":8290.85,"end":8290.97},{"text":"this","start":8290.97,"end":8291.17},{"text":"space.","start":8291.17,"end":8291.61}]},{"text":"Lastly, Canada suggests clarifying the language in 35K with regards to reevaluating credit rating methodologies.","start":8292.49,"end":8300.09,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"Lastly,","start":8292.49,"end":8292.93},{"text":"Canada","start":8292.93,"end":8293.29},{"text":"suggests","start":8293.29,"end":8293.69},{"text":"clarifying","start":8293.69,"end":8294.33},{"text":"the","start":8294.33,"end":8294.41},{"text":"language","start":8294.41,"end":8295.05},{"text":"in","start":8295.37,"end":8295.53},{"text":"35K","start":8295.53,"end":8296.41},{"text":"with","start":8296.41,"end":8296.73},{"text":"regards","start":8296.73,"end":8297.13},{"text":"to","start":8297.13,"end":8297.45},{"text":"reevaluating","start":8297.69,"end":8298.53},{"text":"credit","start":8298.53,"end":8298.85},{"text":"rating","start":8298.85,"end":8299.13},{"text":"methodologies.","start":8299.13,"end":8300.09}]},{"text":"This is not something that stakeholders can control as credit ratings are provided by external agencies.","start":8300.41,"end":8305.85,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"This","start":8300.41,"end":8300.53},{"text":"is","start":8300.53,"end":8300.69},{"text":"not","start":8300.69,"end":8300.89},{"text":"something","start":8300.89,"end":8301.21},{"text":"that","start":8301.21,"end":8301.37},{"text":"stakeholders","start":8301.37,"end":8302.01},{"text":"can","start":8302.01,"end":8302.17},{"text":"control","start":8302.17,"end":8302.73},{"text":"as","start":8302.73,"end":8302.89},{"text":"credit","start":8302.89,"end":8303.13},{"text":"ratings","start":8303.13,"end":8303.61},{"text":"are","start":8303.89,"end":8304.01},{"text":"provided","start":8304.01,"end":8304.49},{"text":"by","start":8304.49,"end":8304.65},{"text":"external","start":8304.65,"end":8305.13},{"text":"agencies.","start":8305.13,"end":8305.85}]},{"text":"We would propose the reference to rating methodologies be removed if it's referring -- if it's in reference to rating agencies.","start":8306.17,"end":8312.65,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Thank you, Chair.","start":8345.89,"end":8348.09,"topics":[],"words":[{"text":"Thank","start":8345.89,"end":8346.09},{"text":"you,","start":8346.09,"end":8346.33},{"text":"Chair.","start":8346.33,"end":8346.65},{"text":"Thank","start":8347.53,"end":8347.69},{"text":"you,","start":8347.69,"end":8347.77},{"text":"Chair.","start":8347.77,"end":8348.09}]},{"text":"On paragraph 35, the paragraph should highlight the need for technical cooperation in formulating master plans, feasibility studies, and capacity building for partner governments.","start":8348.33,"end":8358.05,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":8425.09,"end":8425.37},{"text":"36a,","start":8425.37,"end":8426.49},{"text":"While","start":8427.05,"end":8427.25},{"text":"we","start":8427.25,"end":8427.41},{"text":"recognize","start":8427.41,"end":8427.93},{"text":"the","start":8427.93,"end":8428.01},{"text":"importance","start":8428.01,"end":8428.61},{"text":"of","start":8428.61,"end":8428.77},{"text":"accelerating","start":8428.77,"end":8429.45},{"text":"impact","start":8429.45,"end":8429.89},{"text":"investment,","start":8429.89,"end":8430.61},{"text":"mainstreaming","start":8430.93,"end":8431.61},{"text":"impact","start":8431.61,"end":8432.01},{"text":"investing","start":8432.01,"end":8432.61},{"text":"strategies","start":8432.61,"end":8433.25},{"text":"and","start":8433.25,"end":8433.45},{"text":"innovative","start":8433.45,"end":8433.89},{"text":"financing","start":8433.89,"end":8434.77},{"text":"instruments","start":8434.77,"end":8435.41},{"text":"lacks","start":8435.57,"end":8435.89},{"text":"clarity","start":8435.89,"end":8436.45},{"text":"and","start":8436.45,"end":8436.65},{"text":"consensus.","start":8436.65,"end":8437.41}]},{"text":"Without clear definitions and mechanisms, commitment is difficult.","start":8437.89,"end":8441.81,"topics":[],"words":[{"text":"Without","start":8437.89,"end":8438.29},{"text":"clear","start":8438.29,"end":8438.77},{"text":"definitions","start":8438.77,"end":8439.41},{"text":"and","start":8439.41,"end":8439.57},{"text":"mechanisms,","start":8439.57,"end":8440.45},{"text":"commitment","start":8440.53,"end":8441.05},{"text":"is","start":8441.05,"end":8441.17},{"text":"difficult.","start":8441.17,"end":8441.81}]},{"text":"Also, as it is unclear which initiative belongs to which jurisdictions, we cannot welcome them.","start":8442.37,"end":8447.57,"topics":[],"words":[{"text":"Also,","start":8442.37,"end":8442.81},{"text":"as","start":8442.81,"end":8442.93},{"text":"it","start":8442.93,"end":8443.09},{"text":"is","start":8443.09,"end":8443.33},{"text":"unclear","start":8443.33,"end":8443.93},{"text":"which","start":8443.93,"end":8444.21},{"text":"initiative","start":8444.21,"end":8444.77},{"text":"belongs","start":8444.77,"end":8445.09},{"text":"to","start":8445.09,"end":8445.21},{"text":"which","start":8445.21,"end":8445.49},{"text":"jurisdictions,","start":8445.49,"end":8446.29},{"text":"we","start":8446.29,"end":8446.53},{"text":"cannot","start":8446.53,"end":8446.85},{"text":"welcome","start":8446.85,"end":8447.25},{"text":"them.","start":8447.25,"end":8447.57}]},{"text":"On 36B, sorry.","start":8448.77,"end":8451.97,"topics":[],"words":[{"text":"On","start":8448.77,"end":8449.25},{"text":"36B,","start":8449.29,"end":8450.45},{"text":"sorry.","start":8451.57,"end":8451.97}]},{"text":"Although we acknowledge the importance development sustainability rating and impact evaluation methodologies, we cannot yet welcome scaling and adapt- adaptation as there has not been sufficient discussion of how to measure quality or credibility, which is necessary for assessment on 36D.","start":8454.29,"end":8473.33,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"The","start":8490.05,"end":8490.17},{"text":"statutory","start":8490.21,"end":8491.33},{"text":"disclosure","start":8491.33,"end":8492.01},{"text":"framework","start":8492.01,"end":8492.53},{"text":"should","start":8492.53,"end":8492.77},{"text":"be","start":8492.77,"end":8492.89},{"text":"considered","start":8492.89,"end":8493.41},{"text":"to","start":8493.41,"end":8493.53},{"text":"meet","start":8493.53,"end":8494.13},{"text":"the","start":8494.13,"end":8494.29},{"text":"informational","start":8495.97,"end":8496.77},{"text":"needs","start":8496.77,"end":8497.01},{"text":"of","start":8497.01,"end":8497.25},{"text":"investors.","start":8497.41,"end":8498.13}]},{"text":"However, the cost of imposing a disclosure burden on entities based on the double materiality disclosure framework may exceed the benefit of meeting the information needs of investors.","start":8498.61,"end":8508.65,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"We","start":8508.97,"end":8509.17},{"text":"should","start":8509.17,"end":8509.29},{"text":"consider","start":8509.29,"end":8509.73},{"text":"single","start":8509.73,"end":8510.05},{"text":"materiality","start":8510.05,"end":8510.73},{"text":"as","start":8510.73,"end":8510.85},{"text":"a","start":8510.85,"end":8510.89},{"text":"standard,","start":8510.89,"end":8511.61},{"text":"and","start":8511.93,"end":8512.09},{"text":"it's","start":8512.09,"end":8512.33},{"text":"not","start":8512.33,"end":8512.57},{"text":"acceptable","start":8512.57,"end":8513.21},{"text":"the","start":8513.21,"end":8513.37},{"text":"reference","start":8513.37,"end":8513.81},{"text":"to","start":8513.81,"end":8513.93},{"text":"double","start":8513.93,"end":8514.17},{"text":"materiality.","start":8514.17,"end":8515.05}]},{"text":"In addition, although it is acceptable to state that we will continue our consideration on including external audit provisions, it is premature and difficult to commit to the inclusion of this.","start":8515.45,"end":8526.09,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"In","start":8515.45,"end":8515.73},{"text":"addition,","start":8515.73,"end":8516.09},{"text":"although","start":8516.09,"end":8516.41},{"text":"it","start":8516.41,"end":8516.53},{"text":"is","start":8516.53,"end":8516.81},{"text":"acceptable","start":8516.89,"end":8517.69},{"text":"to","start":8517.85,"end":8517.97},{"text":"state","start":8517.97,"end":8518.33},{"text":"that","start":8518.33,"end":8518.65},{"text":"we","start":8518.89,"end":8519.05},{"text":"will","start":8519.05,"end":8519.21},{"text":"continue","start":8519.21,"end":8519.69},{"text":"our","start":8519.69,"end":8519.93},{"text":"consideration","start":8519.93,"end":8520.65},{"text":"on","start":8520.65,"end":8520.73},{"text":"including","start":8520.73,"end":8521.21},{"text":"external","start":8521.21,"end":8521.81},{"text":"audit","start":8521.81,"end":8522.01},{"text":"provisions,","start":8522.01,"end":8522.57},{"text":"it","start":8522.73,"end":8522.85},{"text":"is","start":8522.85,"end":8522.97},{"text":"premature","start":8522.97,"end":8523.73},{"text":"and","start":8523.73,"end":8523.89},{"text":"difficult","start":8523.89,"end":8524.29},{"text":"to","start":8524.29,"end":8524.37},{"text":"commit","start":8524.37,"end":8524.77},{"text":"to","start":8524.77,"end":8524.85},{"text":"the","start":8524.85,"end":8524.93},{"text":"inclusion","start":8524.93,"end":8525.53},{"text":"of","start":8525.53,"end":8525.61},{"text":"this.","start":8525.61,"end":8526.09}]},{"text":"On 36F, Regarding stewardship, no global consensus exists on impact elements, so we suggest modifying the phrase to align with the international agreement.","start":8526.73,"end":8536.57,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"On","start":8526.73,"end":8526.89},{"text":"36F,","start":8526.97,"end":8527.93},{"text":"Regarding","start":8528.49,"end":8528.85},{"text":"stewardship,","start":8528.85,"end":8529.53},{"text":"no","start":8529.77,"end":8530.01},{"text":"global","start":8530.01,"end":8530.41},{"text":"consensus","start":8530.41,"end":8530.97},{"text":"exists","start":8530.97,"end":8531.45},{"text":"on","start":8531.45,"end":8531.57},{"text":"impact","start":8531.57,"end":8531.93},{"text":"elements,","start":8531.93,"end":8532.49},{"text":"so","start":8532.81,"end":8532.97},{"text":"we","start":8532.97,"end":8533.09},{"text":"suggest","start":8533.09,"end":8533.53},{"text":"modifying","start":8533.53,"end":8534.09},{"text":"the","start":8534.09,"end":8534.25},{"text":"phrase","start":8534.25,"end":8534.81},{"text":"to","start":8534.81,"end":8535.01},{"text":"align","start":8535.01,"end":8535.29},{"text":"with","start":8535.29,"end":8535.41},{"text":"the","start":8535.41,"end":8535.49},{"text":"international","start":8535.49,"end":8535.97},{"text":"agreement.","start":8535.97,"end":8536.57}]},{"text":"In addition, market of green and impact products is nascent, so we should not excessively intervene through new regulations.","start":8536.97,"end":8544.73,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"In","start":8536.97,"end":8537.25},{"text":"addition,","start":8537.25,"end":8537.77},{"text":"market","start":8538.01,"end":8538.49},{"text":"of","start":8538.49,"end":8538.65},{"text":"green","start":8538.65,"end":8539.05},{"text":"and","start":8539.05,"end":8539.29},{"text":"impact","start":8539.29,"end":8539.61},{"text":"products","start":8539.61,"end":8540.17},{"text":"is","start":8540.17,"end":8540.49},{"text":"nascent,","start":8540.49,"end":8541.05},{"text":"so","start":8541.21,"end":8541.45},{"text":"we","start":8541.45,"end":8541.53},{"text":"should","start":8541.53,"end":8541.73},{"text":"not","start":8541.73,"end":8541.97},{"text":"excessively","start":8541.97,"end":8542.73},{"text":"intervene","start":8542.81,"end":8543.37},{"text":"through","start":8543.37,"end":8543.61},{"text":"new","start":8543.61,"end":8543.85},{"text":"regulations.","start":8543.85,"end":8544.73}]},{"text":"Finally, on 36G, we have concerns with this paragraph as it appears to promote the interoperability of all regulations relating to sustainable finance.","start":8545.29,"end":8555.13,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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agree definitely on the significant need to forward leverage the private sector's contribution to sustainable development and support the promotion of enabling environments for business and investments to align with sustainability objectives as outlined in paragraph 34.","start":8666.29,"end":8683.41,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"On","start":8749.65,"end":8749.77},{"text":"another","start":8749.77,"end":8750.09},{"text":"note,","start":8750.09,"end":8750.49},{"text":"the","start":8750.57,"end":8750.73},{"text":"text","start":8750.73,"end":8751.09},{"text":"has","start":8751.09,"end":8751.25},{"text":"a","start":8751.29,"end":8751.37},{"text":"strong","start":8751.37,"end":8751.69},{"text":"focus","start":8751.69,"end":8752.09},{"text":"on","start":8752.09,"end":8752.41},{"text":"global","start":8752.57,"end":8752.97},{"text":"mechanisms,","start":8752.97,"end":8753.81},{"text":"while","start":8753.81,"end":8754.21},{"text":"little","start":8754.21,"end":8754.73},{"text":"references","start":8754.73,"end":8755.45},{"text":"to","start":8755.45,"end":8755.53},{"text":"regional","start":8755.53,"end":8756.01},{"text":"financial","start":8756.01,"end":8756.65},{"text":"institutions.","start":8756.65,"end":8757.45}]},{"text":"Strengthening regional development banks and investments funds can foster partnerships between countries and investors while facilitating, uh, tailor financing solutions and capacity building for specific regions, uh, therefore we considering pro- proposing language in this regard.","start":8758.41,"end":8775.77,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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the floor is yours.","start":8870.21,"end":8871.29,"topics":[],"words":[{"text":"Colombia,","start":8870.21,"end":8870.65},{"text":"the","start":8870.65,"end":8870.81},{"text":"floor","start":8870.81,"end":8871.01},{"text":"is","start":8871.01,"end":8871.09},{"text":"yours.","start":8871.09,"end":8871.29}]}]}],"speaker":{"name":"Merele","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":115,"start":8873.41,"pageUrl":"/en/asset/k10/k100hn2hrf?t=8874","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":8873.41,"end":8874.01,"topics":[],"words":[{"text":"Thank","start":8873.41,"end":8873.57},{"text":"you,","start":8873.57,"end":8873.69},{"text":"Chair.","start":8873.69,"end":8874.01}]},{"text":"On paragraph 35F, Colombia notes that the current draft primarily focuses on nonprofit private sector investment, sorry, on for-profit private sector investment with limited reference to philanthropy and nonprofit 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the scale of private wealth worldwide, the nonprofit sector holds significant potential on closing the SDG's financing 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"First","start":9216.33,"end":9216.65},{"text":"of","start":9216.65,"end":9216.73},{"text":"all,","start":9216.73,"end":9216.89},{"text":"the","start":9217.05,"end":9217.21},{"text":"private","start":9217.21,"end":9217.49},{"text":"sector","start":9217.49,"end":9217.93},{"text":"plays","start":9217.93,"end":9218.37},{"text":"an","start":9218.37,"end":9218.45},{"text":"important","start":9218.45,"end":9218.81},{"text":"role","start":9218.81,"end":9219.05},{"text":"in","start":9219.05,"end":9219.29},{"text":"the","start":9219.29,"end":9219.41},{"text":"financing","start":9219.53,"end":9220.01},{"text":"for","start":9220.01,"end":9220.13},{"text":"development.","start":9220.13,"end":9220.73}]},{"text":"Expanding and mobilizing private sector financing should be done in line with the national conditions and identified priorities.","start":9221.53,"end":9230.01,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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flows."}],"words":[{"text":"Expanding","start":9221.53,"end":9222.05},{"text":"and","start":9222.05,"end":9222.17},{"text":"mobilizing","start":9222.17,"end":9222.73},{"text":"private","start":9222.73,"end":9223.05},{"text":"sector","start":9223.05,"end":9223.37},{"text":"financing","start":9223.37,"end":9223.93},{"text":"should","start":9224.41,"end":9224.65},{"text":"be","start":9224.65,"end":9224.81},{"text":"done","start":9224.81,"end":9225.05},{"text":"in","start":9225.69,"end":9225.93},{"text":"line","start":9225.93,"end":9226.33},{"text":"with","start":9226.33,"end":9226.57},{"text":"the","start":9226.65,"end":9226.81},{"text":"national","start":9226.81,"end":9227.21},{"text":"conditions","start":9227.21,"end":9227.85},{"text":"and","start":9228.49,"end":9228.73},{"text":"identified","start":9228.73,"end":9229.29},{"text":"priorities.","start":9229.29,"end":9230.01}]},{"text":"So as to avoid interfering with domestic policies, private sector financing is a supplement to, not a substitute for ODA commitments.","start":9231.41,"end":9241.01,"topics":[],"words":[{"text":"So","start":9231.41,"end":9231.57},{"text":"as","start":9231.57,"end":9231.73},{"text":"to","start":9231.73,"end":9231.85},{"text":"avoid","start":9231.85,"end":9232.29},{"text":"interfering","start":9232.69,"end":9233.29},{"text":"with","start":9233.29,"end":9233.45},{"text":"domestic","start":9233.45,"end":9233.81},{"text":"policies,","start":9233.81,"end":9234.45},{"text":"private","start":9235.49,"end":9235.81},{"text":"sector","start":9235.81,"end":9236.13},{"text":"financing","start":9236.13,"end":9236.77},{"text":"is","start":9237.09,"end":9237.25},{"text":"a","start":9237.25,"end":9237.29},{"text":"supplement","start":9237.29,"end":9237.85},{"text":"to,","start":9237.85,"end":9238.21},{"text":"not","start":9238.61,"end":9239.01},{"text":"a","start":9239.01,"end":9239.09},{"text":"substitute","start":9239.09,"end":9239.57},{"text":"for","start":9239.57,"end":9239.89},{"text":"ODA","start":9239.97,"end":9240.29},{"text":"commitments.","start":9240.29,"end":9241.01}]},{"text":"Second, in paragraph 34b, Countries have different national conditions with various different stages of development.","start":9242.05,"end":9250.65,"topics":[],"words":[{"text":"Second,","start":9242.05,"end":9242.61},{"text":"in","start":9244.13,"end":9244.45},{"text":"paragraph","start":9244.61,"end":9245.09},{"text":"34b,","start":9245.37,"end":9246.05},{"text":"Countries","start":9246.61,"end":9246.89},{"text":"have","start":9246.89,"end":9247.05},{"text":"different","start":9247.05,"end":9247.45},{"text":"national","start":9247.45,"end":9247.73},{"text":"conditions","start":9247.73,"end":9248.33},{"text":"with","start":9248.33,"end":9248.53},{"text":"various","start":9248.53,"end":9248.89},{"text":"different","start":9248.89,"end":9249.29},{"text":"stages","start":9249.29,"end":9249.97},{"text":"of","start":9249.97,"end":9250.09},{"text":"development.","start":9250.09,"end":9250.65}]},{"text":"It is difficult to formulate a unified policy framework standard universally applicable to all situations.","start":9250.65,"end":9255.05,"topics":[],"words":[{"text":"It","start":9250.65,"end":9250.77},{"text":"is","start":9250.77,"end":9250.89},{"text":"difficult","start":9250.89,"end":9251.25},{"text":"to","start":9251.25,"end":9251.33},{"text":"formulate","start":9251.33,"end":9251.69},{"text":"a","start":9251.69,"end":9251.73},{"text":"unified","start":9251.73,"end":9252.09},{"text":"policy","start":9252.09,"end":9252.41},{"text":"framework","start":9252.41,"end":9252.81},{"text":"standard","start":9252.81,"end":9253.21},{"text":"universally","start":9253.21,"end":9253.65},{"text":"applicable","start":9253.65,"end":9254.09},{"text":"to","start":9254.09,"end":9254.17},{"text":"all","start":9254.17,"end":9254.25},{"text":"situations.","start":9254.25,"end":9255.05}]},{"text":"Therefore, with regard to the last part of the para, we suggest the deletion of \"we encourage development of model framework towards this end\".","start":9255.21,"end":9261.45,"topics":[],"words":[{"text":"Therefore,","start":9255.21,"end":9255.69},{"text":"with","start":9255.85,"end":9256.01},{"text":"regard","start":9256.01,"end":9256.25},{"text":"to","start":9256.25,"end":9256.33},{"text":"the","start":9256.33,"end":9256.41},{"text":"last","start":9256.41,"end":9256.57},{"text":"part","start":9256.57,"end":9256.73},{"text":"of","start":9256.73,"end":9256.81},{"text":"the","start":9256.81,"end":9256.89},{"text":"para,","start":9256.89,"end":9257.29},{"text":"we","start":9257.53,"end":9257.65},{"text":"suggest","start":9257.65,"end":9258.05},{"text":"the","start":9258.05,"end":9258.13},{"text":"deletion","start":9258.13,"end":9258.57},{"text":"of","start":9258.57,"end":9258.65},{"text":"\"we","start":9258.65,"end":9258.77},{"text":"encourage","start":9258.77,"end":9259.21},{"text":"development","start":9259.25,"end":9259.73},{"text":"of","start":9259.73,"end":9259.85},{"text":"model","start":9259.85,"end":9260.25},{"text":"framework","start":9260.25,"end":9260.65},{"text":"towards","start":9260.65,"end":9260.97},{"text":"this","start":9260.97,"end":9261.13},{"text":"end\".","start":9261.13,"end":9261.45}]},{"text":"My third point on 34h.","start":9262.49,"end":9264.33,"topics":[],"words":[{"text":"My","start":9262.49,"end":9262.65},{"text":"third","start":9262.65,"end":9262.85},{"text":"point","start":9262.85,"end":9263.21},{"text":"on","start":9263.33,"end":9263.45},{"text":"34h.","start":9263.45,"end":9264.33}]},{"text":"Emerging technology, digital technologies have a wide range of application.","start":9264.89,"end":9268.89,"topics":[],"words":[{"text":"Emerging","start":9264.89,"end":9265.37},{"text":"technology,","start":9265.37,"end":9266.09},{"text":"digital","start":9266.49,"end":9266.81},{"text":"technologies","start":9266.81,"end":9267.37},{"text":"have","start":9267.37,"end":9267.61},{"text":"a","start":9267.61,"end":9267.65},{"text":"wide","start":9267.65,"end":9267.85},{"text":"range","start":9267.85,"end":9268.13},{"text":"of","start":9268.13,"end":9268.25},{"text":"application.","start":9268.25,"end":9268.89}]},{"text":"It is best not to single out one particular concept in order to avoid generalisation.","start":9269.37,"end":9273.85,"topics":[],"words":[{"text":"It","start":9269.37,"end":9269.57},{"text":"is","start":9269.57,"end":9269.77},{"text":"best","start":9269.85,"end":9270.17},{"text":"not","start":9270.17,"end":9270.29},{"text":"to","start":9270.29,"end":9270.37},{"text":"single","start":9270.37,"end":9270.69},{"text":"out","start":9270.69,"end":9270.89},{"text":"one","start":9270.89,"end":9271.05},{"text":"particular","start":9271.05,"end":9271.61},{"text":"concept","start":9271.85,"end":9272.41},{"text":"in","start":9272.41,"end":9272.57},{"text":"order","start":9272.57,"end":9272.77},{"text":"to","start":9272.77,"end":9272.85},{"text":"avoid","start":9272.85,"end":9273.05},{"text":"generalisation.","start":9273.05,"end":9273.85}]},{"text":"My fourth point with regard to 34, paragraph 34, this paragraph contains many suggestions on sustainable financing legislation, standard setting, information disclosure and governance framework.","start":9274.89,"end":9285.81,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national 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merit further discussion in depth by all states.","start":9287.09,"end":9290.77,"topics":[],"words":[{"text":"They","start":9287.09,"end":9287.33},{"text":"merit","start":9287.41,"end":9287.81},{"text":"further","start":9287.97,"end":9288.41},{"text":"discussion","start":9288.41,"end":9289.09},{"text":"in","start":9289.17,"end":9289.33},{"text":"depth","start":9289.33,"end":9289.61},{"text":"by","start":9289.73,"end":9289.89},{"text":"all","start":9289.89,"end":9290.13},{"text":"states.","start":9290.13,"end":9290.77}]},{"text":"Relevant suggestions should be given on the basis of respecting the national conditions of each country.","start":9291.49,"end":9295.73,"topics":[],"words":[{"text":"Relevant","start":9291.49,"end":9291.85},{"text":"suggestions","start":9291.85,"end":9292.45},{"text":"should","start":9292.53,"end":9292.69},{"text":"be","start":9292.69,"end":9292.81},{"text":"given","start":9292.81,"end":9293.09},{"text":"on","start":9293.09,"end":9293.25},{"text":"the","start":9293.25,"end":9293.33},{"text":"basis","start":9293.33,"end":9293.65},{"text":"of","start":9293.65,"end":9293.73},{"text":"respecting","start":9293.73,"end":9294.13},{"text":"the","start":9294.13,"end":9294.21},{"text":"national","start":9294.21,"end":9294.53},{"text":"conditions","start":9294.53,"end":9295.05},{"text":"of","start":9295.05,"end":9295.13},{"text":"each","start":9295.13,"end":9295.33},{"text":"country.","start":9295.33,"end":9295.73}]},{"text":"It is ill advised to make a fastened hard and fast rules and adopt a one-size-fits-all approach with regard to developing countries so as to avoid creating barriers in their efforts for FFD.","start":9296.21,"end":9308.41,"topics":[],"words":[{"text":"It","start":9296.21,"end":9296.37},{"text":"is","start":9296.37,"end":9296.53},{"text":"ill","start":9296.53,"end":9297.33},{"text":"advised","start":9297.33,"end":9297.85},{"text":"to","start":9297.85,"end":9298.13},{"text":"make","start":9298.13,"end":9298.37},{"text":"a","start":9298.37,"end":9298.45},{"text":"fastened","start":9298.45,"end":9298.93},{"text":"hard","start":9299.45,"end":9299.57},{"text":"and","start":9299.57,"end":9299.69},{"text":"fast","start":9299.69,"end":9299.97},{"text":"rules","start":9299.97,"end":9300.33},{"text":"and","start":9300.57,"end":9300.81},{"text":"adopt","start":9300.81,"end":9301.21},{"text":"a","start":9301.77,"end":9301.81},{"text":"one-size-fits-all","start":9301.81,"end":9302.53},{"text":"approach","start":9302.53,"end":9302.85},{"text":"with","start":9302.89,"end":9303.05},{"text":"regard","start":9303.05,"end":9303.29},{"text":"to","start":9303.29,"end":9303.45},{"text":"developing","start":9303.45,"end":9303.89},{"text":"countries","start":9303.89,"end":9304.33},{"text":"so","start":9304.49,"end":9304.73},{"text":"as","start":9304.73,"end":9304.89},{"text":"to","start":9304.89,"end":9305.01},{"text":"avoid","start":9305.01,"end":9305.37},{"text":"creating","start":9305.37,"end":9306.01},{"text":"barriers","start":9306.09,"end":9306.65},{"text":"in","start":9306.89,"end":9307.05},{"text":"their","start":9307.05,"end":9307.25},{"text":"efforts","start":9307.25,"end":9307.61},{"text":"for","start":9307.61,"end":9307.81},{"text":"FFD.","start":9307.81,"end":9308.41}]},{"text":"My fifth point with regard to 36e, regarding the language on sustainability disclosure, we would suggest the use of the consensus language found in relevant G20 document.","start":9308.89,"end":9320.25,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national 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you, sir.","start":9347.05,"end":9347.53,"topics":[],"words":[{"text":"Thank","start":9347.05,"end":9347.29},{"text":"you,","start":9347.29,"end":9347.37},{"text":"sir.","start":9347.37,"end":9347.53}]}]}],"speaker":{"name":null,"affiliation":"CHN","affiliation_full":"China","group":null,"function":"Representative"}},{"statement_number":120,"start":9350.09,"pageUrl":"/en/asset/k10/k100hn2hrf?t=9351","paragraphs":[{"sentences":[{"text":"I thank the representative of the People's Republic of China.","start":9350.09,"end":9352.89,"topics":[],"words":[{"text":"I","start":9350.09,"end":9350.17},{"text":"thank","start":9350.17,"end":9350.41},{"text":"the","start":9350.41,"end":9350.53},{"text":"representative","start":9350.53,"end":9351.45},{"text":"of","start":9351.45,"end":9351.53},{"text":"the","start":9351.53,"end":9351.65},{"text":"People's","start":9351.65,"end":9352.01},{"text":"Republic","start":9352.01,"end":9352.41},{"text":"of","start":9352.41,"end":9352.49},{"text":"China.","start":9352.49,"end":9352.89}]},{"text":"I now recognize the representative from Paraguay and then the Holy See and then Iceland.","start":9353.33,"end":9358.85,"topics":[],"words":[{"text":"I","start":9353.33,"end":9353.37},{"text":"now","start":9353.37,"end":9353.57},{"text":"recognize","start":9353.57,"end":9354.69},{"text":"the","start":9354.69,"end":9354.93},{"text":"representative","start":9354.93,"end":9355.61},{"text":"from","start":9355.61,"end":9355.81},{"text":"Paraguay","start":9355.81,"end":9356.45},{"text":"and","start":9356.53,"end":9356.65},{"text":"then","start":9356.65,"end":9356.85},{"text":"the","start":9356.85,"end":9356.93},{"text":"Holy","start":9356.93,"end":9357.25},{"text":"See","start":9357.25,"end":9357.57},{"text":"and","start":9357.57,"end":9357.77},{"text":"then","start":9357.77,"end":9357.97},{"text":"Iceland.","start":9358.37,"end":9358.85}]},{"text":"Paraguay.","start":9359.33,"end":9359.81,"topics":[],"words":[{"text":"Paraguay.","start":9359.33,"end":9359.81}]}]}],"speaker":{"name":"Merele","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":121,"start":9364.45,"pageUrl":"/en/asset/k10/k100hn2hrf?t=9365","paragraphs":[{"sentences":[{"text":"Thank you, co-facilitators, sir.","start":9364.45,"end":9367.57,"topics":[],"words":[{"text":"Thank","start":9364.45,"end":9365.09},{"text":"you,","start":9365.09,"end":9365.41},{"text":"co-facilitators,","start":9366.13,"end":9367.37},{"text":"sir.","start":9367.37,"end":9367.57}]},{"text":"Regarding the promotion of innovative financing instruments such as, for example, green bonds or sustainability bonds, In our view, these and other tools seek to mobilise capital at a large scale to address global challenges such as climate change and biodiversity loss.","start":9368.61,"end":9389.21,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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addition to the above comments, Zimbabwe is of the view that in paragraph 34b, The document should also consider how to create an enabling environment to improve access to finance for African countries.","start":9706.89,"end":9720.73,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"In","start":9706.89,"end":9706.97},{"text":"addition","start":9706.97,"end":9707.57},{"text":"to","start":9707.77,"end":9707.85},{"text":"the","start":9707.89,"end":9708.01},{"text":"above","start":9708.01,"end":9708.29},{"text":"comments,","start":9708.29,"end":9708.77},{"text":"Zimbabwe","start":9709.01,"end":9709.45},{"text":"is","start":9709.45,"end":9709.57},{"text":"of","start":9709.57,"end":9709.65},{"text":"the","start":9709.65,"end":9709.77},{"text":"view","start":9709.81,"end":9710.05},{"text":"that","start":9710.05,"end":9710.45},{"text":"in","start":9710.93,"end":9711.01},{"text":"paragraph","start":9711.09,"end":9711.57},{"text":"34b,","start":9711.61,"end":9712.37},{"text":"The","start":9713.17,"end":9713.21},{"text":"document","start":9713.21,"end":9713.73},{"text":"should","start":9713.73,"end":9713.93},{"text":"also","start":9713.93,"end":9714.25},{"text":"consider","start":9714.25,"end":9714.85},{"text":"how","start":9714.85,"end":9715.05},{"text":"to","start":9715.05,"end":9715.13},{"text":"create","start":9715.21,"end":9715.69},{"text":"an","start":9715.73,"end":9715.93},{"text":"enabling","start":9715.93,"end":9716.33},{"text":"environment","start":9716.33,"end":9717.05},{"text":"to","start":9717.37,"end":9717.49},{"text":"improve","start":9717.49,"end":9717.93},{"text":"access","start":9717.93,"end":9718.33},{"text":"to","start":9718.33,"end":9718.53},{"text":"finance","start":9718.57,"end":9719.29},{"text":"for","start":9719.69,"end":9719.93},{"text":"African","start":9719.93,"end":9720.25},{"text":"countries.","start":9720.25,"end":9720.73}]},{"text":"In this regard, at least 10% of ODA should be linked to the capacity building to support strong country systems.","start":9721.37,"end":9729.93,"topics":[],"words":[{"text":"In","start":9721.37,"end":9721.45},{"text":"this","start":9721.49,"end":9721.69},{"text":"regard,","start":9721.69,"end":9722.25},{"text":"at","start":9722.53,"end":9722.73},{"text":"least","start":9722.73,"end":9723.69},{"text":"10%","start":9723.69,"end":9723.73},{"text":"of","start":9723.73,"end":9723.85},{"text":"ODA","start":9723.85,"end":9724.13},{"text":"should","start":9724.89,"end":9725.13},{"text":"be","start":9725.21,"end":9725.33},{"text":"linked","start":9725.33,"end":9725.77},{"text":"to","start":9725.77,"end":9725.85},{"text":"the","start":9726.25,"end":9726.37},{"text":"capacity","start":9726.41,"end":9726.97},{"text":"building","start":9726.97,"end":9727.45},{"text":"to","start":9727.45,"end":9727.53},{"text":"support","start":9727.93,"end":9728.45},{"text":"strong","start":9728.45,"end":9728.89},{"text":"country","start":9728.89,"end":9729.25},{"text":"systems.","start":9729.29,"end":9729.93}]}]},{"sentences":[{"text":"With regards to remittances, the target of reducing remittances costs to less than 3% is indeed welcome development.","start":9730.65,"end":9738.81,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"With","start":9730.65,"end":9730.81},{"text":"regards","start":9730.81,"end":9731.21},{"text":"to","start":9731.21,"end":9731.33},{"text":"remittances,","start":9731.33,"end":9732.17},{"text":"the","start":9732.73,"end":9732.81},{"text":"target","start":9732.81,"end":9733.29},{"text":"of","start":9733.33,"end":9733.41},{"text":"reducing","start":9733.41,"end":9733.93},{"text":"remittances","start":9733.93,"end":9734.81},{"text":"costs","start":9735.21,"end":9735.61},{"text":"to","start":9735.61,"end":9735.73},{"text":"less","start":9735.73,"end":9735.89},{"text":"than","start":9735.93,"end":9736.09},{"text":"3%","start":9736.09,"end":9736.13},{"text":"is","start":9736.13,"end":9736.89},{"text":"indeed","start":9736.89,"end":9737.37},{"text":"welcome","start":9737.61,"end":9738.09},{"text":"development.","start":9738.09,"end":9738.81}]},{"text":"reduction in the cost of remittances will enable many countries in the global south to leverage these remittances towards investment, thus helping us move closer to the realization of SDGs and indeed as well as realization of our respective national development objectives.","start":9739.69,"end":9759.41,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. 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Overall, the UK strongly welcomes this chapter, but we would like to see bolder actions and increased ambition.","start":9775.77,"end":9782.57,"topics":[],"words":[{"text":"Thank","start":9775.77,"end":9775.97},{"text":"you,","start":9776.01,"end":9776.17},{"text":"Chair.","start":9776.17,"end":9776.41},{"text":"Overall,","start":9777.05,"end":9777.53},{"text":"the","start":9777.53,"end":9777.61},{"text":"UK","start":9777.61,"end":9777.93},{"text":"strongly","start":9777.93,"end":9778.25},{"text":"welcomes","start":9778.25,"end":9778.65},{"text":"this","start":9778.65,"end":9778.81},{"text":"chapter,","start":9778.81,"end":9779.33},{"text":"but","start":9779.37,"end":9779.53},{"text":"we","start":9779.53,"end":9779.65},{"text":"would","start":9779.65,"end":9779.77},{"text":"like","start":9779.77,"end":9779.93},{"text":"to","start":9779.93,"end":9780.05},{"text":"see","start":9780.05,"end":9780.17},{"text":"bolder","start":9780.17,"end":9780.57},{"text":"actions","start":9780.57,"end":9781.13},{"text":"and","start":9781.13,"end":9781.33},{"text":"increased","start":9781.33,"end":9781.93},{"text":"ambition.","start":9781.97,"end":9782.57}]},{"text":"Our specific suggestions On para 34, we support the language to strengthen enabling environments for business and investment.","start":9782.97,"end":9790.81,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Our","start":9782.97,"end":9783.13},{"text":"specific","start":9783.13,"end":9783.77},{"text":"suggestions","start":9783.77,"end":9784.57},{"text":"On","start":9785.37,"end":9785.53},{"text":"para","start":9785.53,"end":9785.93},{"text":"34,","start":9785.93,"end":9786.65},{"text":"we","start":9786.73,"end":9787.05},{"text":"support","start":9787.05,"end":9787.41},{"text":"the","start":9787.45,"end":9787.53},{"text":"language","start":9787.53,"end":9787.93},{"text":"to","start":9787.93,"end":9788.05},{"text":"strengthen","start":9788.05,"end":9788.65},{"text":"enabling","start":9788.65,"end":9788.97},{"text":"environments","start":9788.97,"end":9789.49},{"text":"for","start":9789.49,"end":9789.61},{"text":"business","start":9789.61,"end":9790.01},{"text":"and","start":9790.01,"end":9790.13},{"text":"investment.","start":9790.13,"end":9790.81}]},{"text":"We support the need to address regulatory and policy constraints, and we strongly welcome a focus on country platforms to align investments behind national plans.","start":9791.13,"end":9799.37,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":9791.13,"end":9791.29},{"text":"support","start":9791.29,"end":9791.65},{"text":"the","start":9791.65,"end":9791.73},{"text":"need","start":9791.73,"end":9791.89},{"text":"to","start":9791.89,"end":9792.05},{"text":"address","start":9792.05,"end":9792.33},{"text":"regulatory","start":9792.33,"end":9792.89},{"text":"and","start":9792.89,"end":9793.05},{"text":"policy","start":9793.05,"end":9793.41},{"text":"constraints,","start":9793.41,"end":9794.01},{"text":"and","start":9794.45,"end":9794.61},{"text":"we","start":9794.61,"end":9794.69},{"text":"strongly","start":9794.69,"end":9795.05},{"text":"welcome","start":9795.05,"end":9795.45},{"text":"a","start":9795.45,"end":9795.53},{"text":"focus","start":9795.53,"end":9795.85},{"text":"on","start":9795.85,"end":9795.93},{"text":"country","start":9795.93,"end":9796.25},{"text":"platforms","start":9796.25,"end":9796.97},{"text":"to","start":9796.97,"end":9797.13},{"text":"align","start":9797.13,"end":9797.37},{"text":"investments","start":9797.37,"end":9797.93},{"text":"behind","start":9797.93,"end":9798.25},{"text":"national","start":9798.25,"end":9798.73},{"text":"plans.","start":9798.73,"end":9799.37}]},{"text":"On para 34B, whilst policy frameworks can follow a set of common principles, they should always be bespoke and specific to the jurisdiction in question.","start":9799.97,"end":9808.73,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":9799.97,"end":9800.09},{"text":"para","start":9800.09,"end":9800.41},{"text":"34B,","start":9800.41,"end":9801.37},{"text":"whilst","start":9801.65,"end":9802.01},{"text":"policy","start":9802.01,"end":9802.33},{"text":"frameworks","start":9802.33,"end":9802.73},{"text":"can","start":9802.73,"end":9802.97},{"text":"follow","start":9803.13,"end":9803.45},{"text":"a","start":9803.45,"end":9803.53},{"text":"set","start":9803.53,"end":9803.73},{"text":"of","start":9803.73,"end":9803.85},{"text":"common","start":9803.93,"end":9804.33},{"text":"principles,","start":9804.33,"end":9805.05},{"text":"they","start":9805.29,"end":9805.41},{"text":"should","start":9805.41,"end":9805.53},{"text":"always","start":9805.53,"end":9805.85},{"text":"be","start":9805.85,"end":9806.01},{"text":"bespoke","start":9806.01,"end":9806.41},{"text":"and","start":9806.41,"end":9806.53},{"text":"specific","start":9806.53,"end":9807.05},{"text":"to","start":9807.05,"end":9807.21},{"text":"the","start":9807.21,"end":9807.29},{"text":"jurisdiction","start":9807.29,"end":9808.01},{"text":"in","start":9808.01,"end":9808.09},{"text":"question.","start":9808.09,"end":9808.73}]},{"text":"We should also include a reference to protect media freedom.","start":9808.97,"end":9811.85,"topics":[],"words":[{"text":"We","start":9808.97,"end":9809.13},{"text":"should","start":9809.13,"end":9809.25},{"text":"also","start":9809.25,"end":9809.49},{"text":"include","start":9809.49,"end":9809.77},{"text":"a","start":9809.77,"end":9809.81},{"text":"reference","start":9809.81,"end":9810.21},{"text":"to","start":9810.21,"end":9810.37},{"text":"protect","start":9810.37,"end":9810.89},{"text":"media","start":9810.89,"end":9811.29},{"text":"freedom.","start":9811.29,"end":9811.85}]},{"text":"On 34 we support the reference to financial access and financial health for women and marginalised groups.","start":9812.57,"end":9819.01,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"On","start":9812.57,"end":9812.69},{"text":"34","start":9812.69,"end":9813.33},{"text":"we","start":9813.41,"end":9813.81},{"text":"support","start":9814.21,"end":9814.57},{"text":"the","start":9814.57,"end":9814.65},{"text":"reference","start":9814.65,"end":9815.13},{"text":"to","start":9815.13,"end":9815.25},{"text":"financial","start":9815.25,"end":9815.65},{"text":"access","start":9815.65,"end":9816.13},{"text":"and","start":9816.17,"end":9816.29},{"text":"financial","start":9816.29,"end":9816.69},{"text":"health","start":9816.69,"end":9816.97},{"text":"for","start":9816.97,"end":9817.09},{"text":"women","start":9817.09,"end":9817.57},{"text":"and","start":9817.61,"end":9817.89},{"text":"marginalised","start":9817.89,"end":9818.45},{"text":"groups.","start":9818.45,"end":9819.01}]},{"text":"On para 34 we would like to add references to open banking and finance.","start":9820.09,"end":9825.41,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"On","start":9820.09,"end":9820.21},{"text":"para","start":9820.45,"end":9820.77},{"text":"34","start":9820.77,"end":9821.41},{"text":"we","start":9821.45,"end":9821.73},{"text":"would","start":9822.05,"end":9822.29},{"text":"like","start":9822.29,"end":9822.53},{"text":"to","start":9822.53,"end":9822.65},{"text":"add","start":9822.65,"end":9822.85},{"text":"references","start":9822.85,"end":9823.41},{"text":"to","start":9823.41,"end":9823.53},{"text":"open","start":9823.53,"end":9823.73},{"text":"banking","start":9823.73,"end":9824.29},{"text":"and","start":9824.29,"end":9824.61},{"text":"finance.","start":9824.61,"end":9825.41}]},{"text":"Before we turn to paragraph 35, we would like to add a new paragraph here which highlights the role that public markets can play in delivering development and climate finance at scale, complementing private markets while addressing key barriers that investors face.","start":9826.77,"end":9841.13,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Before","start":9826.77,"end":9827.21},{"text":"we","start":9827.21,"end":9827.45},{"text":"turn","start":9827.45,"end":9827.69},{"text":"to","start":9827.69,"end":9827.93},{"text":"paragraph","start":9827.93,"end":9828.57},{"text":"35,","start":9828.57,"end":9829.61},{"text":"we","start":9829.61,"end":9829.85},{"text":"would","start":9830.01,"end":9830.25},{"text":"like","start":9830.25,"end":9830.41},{"text":"to","start":9830.41,"end":9830.53},{"text":"add","start":9830.53,"end":9830.61},{"text":"a","start":9830.61,"end":9830.65},{"text":"new","start":9830.65,"end":9830.89},{"text":"paragraph","start":9830.89,"end":9831.37},{"text":"here","start":9831.37,"end":9831.61},{"text":"which","start":9831.61,"end":9831.85},{"text":"highlights","start":9831.85,"end":9832.25},{"text":"the","start":9832.25,"end":9832.33},{"text":"role","start":9832.33,"end":9832.61},{"text":"that","start":9832.61,"end":9832.73},{"text":"public","start":9832.73,"end":9833.05},{"text":"markets","start":9833.05,"end":9833.45},{"text":"can","start":9833.45,"end":9833.57},{"text":"play","start":9833.57,"end":9833.93},{"text":"in","start":9834.25,"end":9834.41},{"text":"delivering","start":9834.41,"end":9834.81},{"text":"development","start":9834.81,"end":9835.29},{"text":"and","start":9835.29,"end":9835.41},{"text":"climate","start":9835.41,"end":9835.77},{"text":"finance","start":9835.77,"end":9836.17},{"text":"at","start":9836.17,"end":9836.41},{"text":"scale,","start":9836.41,"end":9836.89},{"text":"complementing","start":9837.21,"end":9837.85},{"text":"private","start":9837.85,"end":9838.17},{"text":"markets","start":9838.17,"end":9838.81},{"text":"while","start":9838.81,"end":9839.01},{"text":"addressing","start":9839.01,"end":9839.45},{"text":"key","start":9839.45,"end":9839.69},{"text":"barriers","start":9839.69,"end":9840.13},{"text":"that","start":9840.13,"end":9840.25},{"text":"investors","start":9840.25,"end":9840.73},{"text":"face.","start":9840.73,"end":9841.13}]},{"text":"We will share specific text here.","start":9841.37,"end":9843.81,"topics":[],"words":[{"text":"We","start":9841.37,"end":9841.49},{"text":"will","start":9841.49,"end":9841.61},{"text":"share","start":9841.61,"end":9842.25},{"text":"specific","start":9842.25,"end":9842.73},{"text":"text","start":9842.73,"end":9843.21},{"text":"here.","start":9843.53,"end":9843.81}]},{"text":"On paragraph 35A, we would like to request more detail on the International Investment Support Centre for the Least Developed Countries.","start":9845.05,"end":9852.73,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":9845.05,"end":9845.21},{"text":"paragraph","start":9845.21,"end":9845.73},{"text":"35A,","start":9845.73,"end":9846.81},{"text":"we","start":9847.33,"end":9847.41},{"text":"would","start":9847.41,"end":9847.53},{"text":"like","start":9847.53,"end":9847.65},{"text":"to","start":9847.65,"end":9847.77},{"text":"request","start":9847.77,"end":9848.05},{"text":"more","start":9848.05,"end":9848.29},{"text":"detail","start":9848.29,"end":9848.97},{"text":"on","start":9849.17,"end":9849.29},{"text":"the","start":9849.29,"end":9849.41},{"text":"International","start":9849.41,"end":9849.89},{"text":"Investment","start":9849.89,"end":9850.33},{"text":"Support","start":9850.33,"end":9850.65},{"text":"Centre","start":9850.65,"end":9851.09},{"text":"for","start":9851.13,"end":9851.25},{"text":"the","start":9851.25,"end":9851.33},{"text":"Least","start":9851.33,"end":9851.57},{"text":"Developed","start":9851.57,"end":9852.01},{"text":"Countries.","start":9852.01,"end":9852.73}]},{"text":"On paragraph 35, we would like to include language on increasing the use of guarantees where appropriate.","start":9853.57,"end":9860.09,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":9853.57,"end":9853.69},{"text":"paragraph","start":9853.69,"end":9854.21},{"text":"35,","start":9854.21,"end":9854.81},{"text":"we","start":9856.17,"end":9856.29},{"text":"would","start":9856.29,"end":9856.41},{"text":"like","start":9856.41,"end":9856.57},{"text":"to","start":9856.57,"end":9856.69},{"text":"include","start":9856.69,"end":9856.97},{"text":"language","start":9856.97,"end":9857.57},{"text":"on","start":9857.57,"end":9857.69},{"text":"increasing","start":9857.69,"end":9858.13},{"text":"the","start":9858.13,"end":9858.21},{"text":"use","start":9858.21,"end":9858.37},{"text":"of","start":9858.37,"end":9858.45},{"text":"guarantees","start":9858.45,"end":9859.17},{"text":"where","start":9859.17,"end":9859.45},{"text":"appropriate.","start":9859.45,"end":9860.09}]},{"text":"On paragraph 35, we would also like to include a new paragraph which calls on the multilateral development banks to increase their crisis preparedness and response toolkits, to improve the shock responsiveness of the international financial system and to expand the availability of pre-arranged finance for vulnerable countries.","start":9861.85,"end":9879.21,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":9861.85,"end":9862.01},{"text":"paragraph","start":9862.05,"end":9862.41},{"text":"35,","start":9862.41,"end":9862.93},{"text":"we","start":9863.77,"end":9863.89},{"text":"would","start":9863.89,"end":9864.01},{"text":"also","start":9864.01,"end":9864.25},{"text":"like","start":9864.25,"end":9864.37},{"text":"to","start":9864.37,"end":9865.25},{"text":"include","start":9865.25,"end":9865.57},{"text":"a","start":9865.57,"end":9865.61},{"text":"new","start":9865.61,"end":9865.85},{"text":"paragraph","start":9865.85,"end":9866.41},{"text":"which","start":9866.93,"end":9867.21},{"text":"calls","start":9867.21,"end":9867.53},{"text":"on","start":9867.61,"end":9867.77},{"text":"the","start":9867.77,"end":9867.85},{"text":"multilateral","start":9867.85,"end":9868.33},{"text":"development","start":9868.33,"end":9868.77},{"text":"banks","start":9868.77,"end":9869.01},{"text":"to","start":9869.01,"end":9869.09},{"text":"increase","start":9869.09,"end":9869.53},{"text":"their","start":9869.53,"end":9869.65},{"text":"crisis","start":9869.65,"end":9870.17},{"text":"preparedness","start":9870.17,"end":9870.81},{"text":"and","start":9870.85,"end":9870.97},{"text":"response","start":9870.97,"end":9871.33},{"text":"toolkits,","start":9871.33,"end":9872.09},{"text":"to","start":9872.37,"end":9872.45},{"text":"improve","start":9872.45,"end":9872.81},{"text":"the","start":9872.81,"end":9872.89},{"text":"shock","start":9872.89,"end":9873.17},{"text":"responsiveness","start":9873.17,"end":9873.89},{"text":"of","start":9873.89,"end":9873.97},{"text":"the","start":9873.97,"end":9874.09},{"text":"international","start":9874.17,"end":9874.69},{"text":"financial","start":9874.69,"end":9875.01},{"text":"system","start":9875.01,"end":9875.41},{"text":"and","start":9875.41,"end":9875.53},{"text":"to","start":9875.93,"end":9876.01},{"text":"expand","start":9876.01,"end":9876.41},{"text":"the","start":9876.41,"end":9876.49},{"text":"availability","start":9876.49,"end":9877.05},{"text":"of","start":9877.05,"end":9877.21},{"text":"pre-arranged","start":9877.21,"end":9877.69},{"text":"finance","start":9877.69,"end":9878.05},{"text":"for","start":9878.05,"end":9878.17},{"text":"vulnerable","start":9878.17,"end":9878.57},{"text":"countries.","start":9878.57,"end":9879.21}]},{"text":"Again, we will share specific text for this.","start":9879.37,"end":9881.69,"topics":[],"words":[{"text":"Again,","start":9879.37,"end":9879.77},{"text":"we","start":9879.77,"end":9879.89},{"text":"will","start":9879.89,"end":9880.01},{"text":"share","start":9880.01,"end":9880.41},{"text":"specific","start":9880.41,"end":9880.89},{"text":"text","start":9880.89,"end":9881.21},{"text":"for","start":9881.21,"end":9881.33},{"text":"this.","start":9881.33,"end":9881.69}]},{"text":"On paragraph 35K, we would recommend rewording this paragraph to firstly explore the impact on credit rating agencies.","start":9883.29,"end":9890.45,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":9883.29,"end":9883.33},{"text":"paragraph","start":9883.33,"end":9883.77},{"text":"35K,","start":9883.77,"end":9884.77},{"text":"we","start":9885.17,"end":9885.29},{"text":"would","start":9885.29,"end":9885.41},{"text":"recommend","start":9885.41,"end":9885.89},{"text":"rewording","start":9885.97,"end":9886.45},{"text":"this","start":9886.45,"end":9886.61},{"text":"paragraph","start":9886.61,"end":9887.17},{"text":"to","start":9887.17,"end":9887.37},{"text":"firstly","start":9887.37,"end":9887.77},{"text":"explore","start":9887.77,"end":9888.21},{"text":"the","start":9888.21,"end":9888.33},{"text":"impact","start":9888.33,"end":9888.85},{"text":"on","start":9888.85,"end":9889.09},{"text":"credit","start":9889.09,"end":9889.37},{"text":"rating","start":9889.37,"end":9889.65},{"text":"agencies.","start":9889.65,"end":9890.45}]},{"text":"We would also like to add a new paragraph under 35, which would focus on the financing gap to achieve gender equality and the role that private capital can play to support this.","start":9892.21,"end":9902.77,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"We","start":9892.21,"end":9892.33},{"text":"would","start":9892.33,"end":9892.45},{"text":"also","start":9892.45,"end":9892.65},{"text":"like","start":9892.65,"end":9892.81},{"text":"to","start":9892.81,"end":9892.89},{"text":"add","start":9892.89,"end":9893.05},{"text":"a","start":9893.05,"end":9893.09},{"text":"new","start":9893.09,"end":9893.33},{"text":"paragraph","start":9893.33,"end":9893.89},{"text":"under","start":9896.25,"end":9896.57},{"text":"35,","start":9896.57,"end":9897.17},{"text":"which","start":9897.41,"end":9897.73},{"text":"would","start":9897.73,"end":9897.85},{"text":"focus","start":9897.85,"end":9898.13},{"text":"on","start":9898.13,"end":9898.21},{"text":"the","start":9898.21,"end":9898.29},{"text":"financing","start":9898.29,"end":9898.77},{"text":"gap","start":9898.77,"end":9898.97},{"text":"to","start":9898.97,"end":9899.05},{"text":"achieve","start":9899.05,"end":9899.57},{"text":"gender","start":9899.57,"end":9899.85},{"text":"equality","start":9899.85,"end":9900.49},{"text":"and","start":9900.49,"end":9900.61},{"text":"the","start":9900.61,"end":9900.69},{"text":"role","start":9900.69,"end":9900.89},{"text":"that","start":9900.89,"end":9901.01},{"text":"private","start":9901.01,"end":9901.37},{"text":"capital","start":9901.37,"end":9901.65},{"text":"can","start":9901.65,"end":9901.77},{"text":"play","start":9901.77,"end":9901.97},{"text":"to","start":9901.97,"end":9902.05},{"text":"support","start":9902.05,"end":9902.41},{"text":"this.","start":9902.41,"end":9902.77}]},{"text":"Again, we will share specific text.","start":9903.09,"end":9905.25,"topics":[],"words":[{"text":"Again,","start":9903.09,"end":9903.41},{"text":"we","start":9903.45,"end":9903.53},{"text":"will","start":9903.53,"end":9903.65},{"text":"share","start":9903.73,"end":9903.97},{"text":"specific","start":9903.97,"end":9904.61},{"text":"text.","start":9904.61,"end":9905.25}]},{"text":"And finally, on 36E, we would like to remove the language on sustainability disclosure legislation and double materiality.","start":9905.77,"end":9912.05,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. Delegations generally supported greater transparency but debated how far harmonization should go, emphasizing flexibility, proportionality, and respect for different national circumstances."}],"words":[{"text":"And","start":9905.77,"end":9905.89},{"text":"finally,","start":9905.89,"end":9906.29},{"text":"on","start":9906.29,"end":9906.45},{"text":"36E,","start":9906.45,"end":9907.21},{"text":"we","start":9907.29,"end":9907.73},{"text":"would","start":9907.73,"end":9908.01},{"text":"like","start":9908.01,"end":9908.13},{"text":"to","start":9908.13,"end":9908.25},{"text":"remove","start":9908.25,"end":9908.57},{"text":"the","start":9908.57,"end":9908.69},{"text":"language","start":9908.69,"end":9909.05},{"text":"on","start":9909.05,"end":9909.17},{"text":"sustainability","start":9909.17,"end":9909.81},{"text":"disclosure","start":9909.81,"end":9910.21},{"text":"legislation","start":9910.21,"end":9910.85},{"text":"and","start":9910.85,"end":9911.05},{"text":"double","start":9911.05,"end":9911.25},{"text":"materiality.","start":9911.25,"end":9912.05}]},{"text":"Thank you.","start":9912.57,"end":9912.85,"topics":[],"words":[{"text":"Thank","start":9912.57,"end":9912.73},{"text":"you.","start":9912.73,"end":9912.85}]}]}],"speaker":{"name":null,"affiliation":"GBR","affiliation_full":"United Kingdom of Great Britain and Northern Ireland","group":null,"function":"Representative"}},{"statement_number":130,"start":9914.65,"pageUrl":"/en/asset/k10/k100hn2hrf?t=9915","paragraphs":[{"sentences":[{"text":"I thank the representative from the United Kingdom and now recognize the representative from Australia.","start":9914.65,"end":9919.29,"topics":[],"words":[{"text":"I","start":9914.65,"end":9914.69},{"text":"thank","start":9914.69,"end":9914.89},{"text":"the","start":9914.89,"end":9914.97},{"text":"representative","start":9914.97,"end":9915.69},{"text":"from","start":9915.69,"end":9915.85},{"text":"the","start":9915.85,"end":9915.97},{"text":"United","start":9915.97,"end":9916.33},{"text":"Kingdom","start":9916.33,"end":9916.81},{"text":"and","start":9916.97,"end":9917.17},{"text":"now","start":9917.17,"end":9917.29},{"text":"recognize","start":9917.29,"end":9917.77},{"text":"the","start":9917.77,"end":9917.85},{"text":"representative","start":9917.85,"end":9918.53},{"text":"from","start":9918.53,"end":9918.77},{"text":"Australia.","start":9918.77,"end":9919.29}]}]}],"speaker":{"name":"Merele","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-facilitator"}},{"statement_number":131,"start":9921.37,"pageUrl":"/en/asset/k10/k100hn2hrf?t=9922","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":9921.37,"end":9922.09,"topics":[],"words":[{"text":"Thank","start":9921.37,"end":9921.61},{"text":"you,","start":9921.61,"end":9921.69},{"text":"Chair.","start":9921.69,"end":9922.09}]},{"text":"We welcome the texts on the importance of unlocking private finance.","start":9922.65,"end":9926.49,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":9922.65,"end":9922.89},{"text":"welcome","start":9922.89,"end":9923.29},{"text":"the","start":9923.29,"end":9923.41},{"text":"texts","start":9923.41,"end":9923.93},{"text":"on","start":9923.93,"end":9924.13},{"text":"the","start":9924.13,"end":9924.21},{"text":"importance","start":9924.21,"end":9924.85},{"text":"of","start":9924.85,"end":9924.97},{"text":"unlocking","start":9924.97,"end":9925.45},{"text":"private","start":9925.45,"end":9925.85},{"text":"finance.","start":9925.85,"end":9926.49}]},{"text":"We know that public finance alone cannot address the SDG financing gaps and we strongly support strengthening the enabling environment for private business and finance and use of innovative finance to mobilize impactful private investment for sustainable development.","start":9926.81,"end":9941.69,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."},{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":9926.81,"end":9926.93},{"text":"know","start":9926.93,"end":9927.09},{"text":"that","start":9927.09,"end":9927.25},{"text":"public","start":9927.25,"end":9927.61},{"text":"finance","start":9927.61,"end":9928.09},{"text":"alone","start":9928.09,"end":9928.33},{"text":"cannot","start":9928.33,"end":9928.85},{"text":"address","start":9928.85,"end":9929.29},{"text":"the","start":9929.29,"end":9929.41},{"text":"SDG","start":9929.41,"end":9929.93},{"text":"financing","start":9929.93,"end":9930.57},{"text":"gaps","start":9930.57,"end":9931.05},{"text":"and","start":9931.05,"end":9931.17},{"text":"we","start":9931.17,"end":9931.29},{"text":"strongly","start":9931.29,"end":9931.77},{"text":"support","start":9931.77,"end":9932.25},{"text":"strengthening","start":9932.25,"end":9932.97},{"text":"the","start":9933.17,"end":9933.25},{"text":"enabling","start":9933.25,"end":9933.77},{"text":"environment","start":9933.77,"end":9934.33},{"text":"for","start":9934.33,"end":9934.49},{"text":"private","start":9934.49,"end":9934.97},{"text":"business","start":9934.97,"end":9935.41},{"text":"and","start":9935.41,"end":9935.53},{"text":"finance","start":9935.53,"end":9936.25},{"text":"and","start":9936.61,"end":9936.73},{"text":"use","start":9936.73,"end":9936.97},{"text":"of","start":9936.97,"end":9937.05},{"text":"innovative","start":9937.05,"end":9937.61},{"text":"finance","start":9937.61,"end":9938.05},{"text":"to","start":9938.05,"end":9938.21},{"text":"mobilize","start":9938.21,"end":9938.73},{"text":"impactful","start":9938.73,"end":9939.29},{"text":"private","start":9939.29,"end":9939.69},{"text":"investment","start":9939.69,"end":9940.21},{"text":"for","start":9940.21,"end":9940.33},{"text":"sustainable","start":9940.33,"end":9940.93},{"text":"development.","start":9940.93,"end":9941.69}]},{"text":"Regarding para 34 we support the mentioning of access to gender and marginalised groups including access to financial services and markets.","start":9942.33,"end":9951.97,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"Regarding","start":9942.33,"end":9942.85},{"text":"para","start":9942.85,"end":9943.33},{"text":"34","start":9943.33,"end":9944.05},{"text":"we","start":9944.13,"end":9944.53},{"text":"support","start":9944.53,"end":9945.17},{"text":"the","start":9945.41,"end":9945.53},{"text":"mentioning","start":9945.53,"end":9946.05},{"text":"of","start":9946.05,"end":9946.13},{"text":"access","start":9946.13,"end":9946.61},{"text":"to","start":9946.61,"end":9946.73},{"text":"gender","start":9946.73,"end":9947.29},{"text":"and","start":9947.69,"end":9947.81},{"text":"marginalised","start":9947.81,"end":9948.41},{"text":"groups","start":9948.41,"end":9948.77},{"text":"including","start":9948.77,"end":9949.33},{"text":"access","start":9949.33,"end":9949.73},{"text":"to","start":9949.73,"end":9949.89},{"text":"financial","start":9949.89,"end":9950.37},{"text":"services","start":9950.37,"end":9951.09},{"text":"and","start":9951.09,"end":9951.21},{"text":"markets.","start":9951.21,"end":9951.97}]},{"text":"In 34 we recommend the addition of language on ensuring this is done with enhanced cyber security and data protection measures to protect people's rights.","start":9952.61,"end":9964.53,"topics":[],"words":[{"text":"In","start":9952.61,"end":9952.85},{"text":"34","start":9952.85,"end":9953.65},{"text":"we","start":9953.81,"end":9954.01},{"text":"recommend","start":9954.01,"end":9954.65},{"text":"the","start":9954.65,"end":9954.73},{"text":"addition","start":9954.73,"end":9955.33},{"text":"of","start":9955.33,"end":9955.49},{"text":"language","start":9955.49,"end":9956.21},{"text":"on","start":9956.21,"end":9956.45},{"text":"ensuring","start":9956.45,"end":9957.25},{"text":"this","start":9957.69,"end":9957.93},{"text":"is","start":9957.93,"end":9958.05},{"text":"done","start":9958.05,"end":9958.61},{"text":"with","start":9958.61,"end":9958.85},{"text":"enhanced","start":9958.89,"end":9959.49},{"text":"cyber","start":9959.49,"end":9959.97},{"text":"security","start":9959.97,"end":9960.57},{"text":"and","start":9960.57,"end":9960.81},{"text":"data","start":9960.81,"end":9961.09},{"text":"protection","start":9961.09,"end":9961.69},{"text":"measures","start":9961.69,"end":9962.45},{"text":"to","start":9962.77,"end":9962.89},{"text":"protect","start":9962.89,"end":9963.41},{"text":"people's","start":9963.41,"end":9963.89},{"text":"rights.","start":9963.89,"end":9964.53}]},{"text":"Australia welcomes a reference to correspondent banking relationships in para 34J and emphasizes the importance of access to finance to support inclusive development.","start":9966.09,"end":9978.09,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"Australia","start":9966.09,"end":9966.41},{"text":"welcomes","start":9966.41,"end":9966.81},{"text":"a","start":9966.81,"end":9966.89},{"text":"reference","start":9966.89,"end":9967.45},{"text":"to","start":9967.45,"end":9967.65},{"text":"correspondent","start":9967.69,"end":9968.45},{"text":"banking","start":9968.45,"end":9968.81},{"text":"relationships","start":9968.81,"end":9969.77},{"text":"in","start":9969.77,"end":9969.93},{"text":"para","start":9969.93,"end":9970.49},{"text":"34J","start":9970.97,"end":9972.41},{"text":"and","start":9972.93,"end":9973.13},{"text":"emphasizes","start":9973.13,"end":9973.85},{"text":"the","start":9973.85,"end":9973.93},{"text":"importance","start":9973.93,"end":9974.61},{"text":"of","start":9974.61,"end":9974.81},{"text":"access","start":9974.81,"end":9975.29},{"text":"to","start":9975.29,"end":9975.41},{"text":"finance","start":9975.41,"end":9975.93},{"text":"to","start":9975.93,"end":9976.05},{"text":"support","start":9976.05,"end":9976.53},{"text":"inclusive","start":9976.53,"end":9977.17},{"text":"development.","start":9977.17,"end":9978.09}]},{"text":"Regarding this, the outcome document must address the broader context of correspondent banking relationship withdrawal to prevent the disconnection of developing countries to the global financial system.","start":9979.01,"end":9990.69,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"Regarding","start":9979.01,"end":9979.45},{"text":"this,","start":9979.45,"end":9979.65},{"text":"the","start":9979.65,"end":9979.77},{"text":"outcome","start":9979.77,"end":9980.13},{"text":"document","start":9980.13,"end":9980.93},{"text":"must","start":9980.93,"end":9981.21},{"text":"address","start":9981.21,"end":9981.73},{"text":"the","start":9981.73,"end":9981.81},{"text":"broader","start":9981.81,"end":9982.21},{"text":"context","start":9982.21,"end":9982.89},{"text":"of","start":9982.89,"end":9983.01},{"text":"correspondent","start":9983.01,"end":9983.69},{"text":"banking","start":9983.69,"end":9984.05},{"text":"relationship","start":9984.05,"end":9984.77},{"text":"withdrawal","start":9984.77,"end":9985.49},{"text":"to","start":9985.89,"end":9986.01},{"text":"prevent","start":9986.01,"end":9986.45},{"text":"the","start":9986.45,"end":9986.61},{"text":"disconnection","start":9986.61,"end":9987.57},{"text":"of","start":9987.77,"end":9987.85},{"text":"developing","start":9987.89,"end":9988.45},{"text":"countries","start":9988.45,"end":9989.01},{"text":"to","start":9989.01,"end":9989.17},{"text":"the","start":9989.17,"end":9989.29},{"text":"global","start":9989.29,"end":9989.65},{"text":"financial","start":9989.65,"end":9990.17},{"text":"system.","start":9990.17,"end":9990.69}]},{"text":"This is explicitly linked to noncompliance in anti-money laundering and counter-terrorism measures.","start":9991.09,"end":9997.65,"topics":[{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"This","start":9991.09,"end":9991.33},{"text":"is","start":9991.33,"end":9991.45},{"text":"explicitly","start":9991.45,"end":9992.21},{"text":"linked","start":9992.21,"end":9992.61},{"text":"to","start":9992.61,"end":9992.69},{"text":"noncompliance","start":9992.69,"end":9993.65},{"text":"in","start":9993.65,"end":9993.81},{"text":"anti-money","start":9993.81,"end":9994.53},{"text":"laundering","start":9994.69,"end":9995.41},{"text":"and","start":9995.41,"end":9995.57},{"text":"counter-terrorism","start":9995.57,"end":9996.69},{"text":"measures.","start":9996.93,"end":9997.65}]},{"text":"This introduces the real possibility of a reduction of access to essential banking services with disproportionate impacts on local banks.","start":9998.21,"end":10007.41,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"This","start":9998.21,"end":9998.45},{"text":"introduces","start":9999.01,"end":9999.73},{"text":"the","start":9999.73,"end":9999.85},{"text":"real","start":9999.85,"end":10000.09},{"text":"possibility","start":10000.09,"end":10001.01},{"text":"of","start":10001.01,"end":10001.17},{"text":"a","start":10001.17,"end":10001.21},{"text":"reduction","start":10001.21,"end":10001.81},{"text":"of","start":10001.81,"end":10001.97},{"text":"access","start":10001.97,"end":10002.45},{"text":"to","start":10002.45,"end":10002.57},{"text":"essential","start":10002.57,"end":10003.05},{"text":"banking","start":10003.05,"end":10003.41},{"text":"services","start":10003.41,"end":10004.21},{"text":"with","start":10004.53,"end":10004.69},{"text":"disproportionate","start":10004.69,"end":10005.57},{"text":"impacts","start":10005.57,"end":10006.13},{"text":"on","start":10006.21,"end":10006.37},{"text":"local","start":10006.37,"end":10006.77},{"text":"banks.","start":10006.77,"end":10007.41}]},{"text":"The text should reflect that relevant institutions must support corresponding banking relationships, scaling up on existing global efforts and developing alternative mechanisms to ensure developing countries facing poor compliance can continue to access cross-border transactions and the global financial system, and that technical assistance must be targeted to support developing countries in adequately implementing the Financial Action Task Force standards and addressing anti-money laundering and counter-terrorism risks.","start":10008.13,"end":10042.01,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"illicit-finance","label":"Illicit Financial Flows and Asset Recovery","description":"A major theme was how to combat illicit financial flows through stronger international cooperation, information sharing, anti-money-laundering efforts, and action against tax evasion, trade misinvoicing, and safe havens. Many delegations also focused on recovering stolen assets and returning confiscated assets to benefit populations in countries of origin."}],"words":[{"text":"The","start":10008.13,"end":10008.17},{"text":"text","start":10008.17,"end":10008.49},{"text":"should","start":10008.49,"end":10008.61},{"text":"reflect","start":10008.61,"end":10009.29},{"text":"that","start":10009.61,"end":10010.01},{"text":"relevant","start":10010.01,"end":10010.49},{"text":"institutions","start":10010.49,"end":10011.29},{"text":"must","start":10011.29,"end":10011.49},{"text":"support","start":10011.49,"end":10011.93},{"text":"corresponding","start":10011.93,"end":10012.57},{"text":"banking","start":10012.57,"end":10012.97},{"text":"relationships,","start":10012.97,"end":10013.85},{"text":"scaling","start":10014.17,"end":10014.73},{"text":"up","start":10014.73,"end":10014.89},{"text":"on","start":10014.89,"end":10014.97},{"text":"existing","start":10014.97,"end":10015.61},{"text":"global","start":10015.61,"end":10016.01},{"text":"efforts","start":10016.01,"end":10016.65},{"text":"and","start":10016.69,"end":10016.85},{"text":"developing","start":10016.85,"end":10017.41},{"text":"alternative","start":10017.41,"end":10018.49},{"text":"mechanisms","start":10018.73,"end":10019.45},{"text":"to","start":10019.45,"end":10019.57},{"text":"ensure","start":10019.57,"end":10019.93},{"text":"developing","start":10019.93,"end":10020.49},{"text":"countries","start":10020.49,"end":10021.21},{"text":"facing","start":10021.53,"end":10021.93},{"text":"poor","start":10021.93,"end":10022.17},{"text":"compliance","start":10022.17,"end":10022.89},{"text":"can","start":10022.89,"end":10023.13},{"text":"continue","start":10023.13,"end":10023.69},{"text":"to","start":10023.69,"end":10023.85},{"text":"access","start":10023.85,"end":10024.57},{"text":"cross-border","start":10024.81,"end":10025.45},{"text":"transactions","start":10025.45,"end":10026.49},{"text":"and","start":10026.73,"end":10026.89},{"text":"the","start":10026.89,"end":10027.01},{"text":"global","start":10027.01,"end":10027.45},{"text":"financial","start":10027.45,"end":10028.01},{"text":"system,","start":10028.01,"end":10028.49},{"text":"and","start":10028.85,"end":10028.97},{"text":"that","start":10028.97,"end":10029.25},{"text":"technical","start":10029.25,"end":10029.69},{"text":"assistance","start":10029.69,"end":10030.25},{"text":"must","start":10030.25,"end":10030.53},{"text":"be","start":10030.53,"end":10030.65},{"text":"targeted","start":10030.65,"end":10031.45},{"text":"to","start":10031.77,"end":10031.85},{"text":"support","start":10031.85,"end":10032.33},{"text":"developing","start":10032.33,"end":10032.89},{"text":"countries","start":10032.89,"end":10033.45},{"text":"in","start":10033.45,"end":10033.61},{"text":"adequately","start":10033.69,"end":10034.41},{"text":"implementing","start":10034.41,"end":10035.21},{"text":"the","start":10035.61,"end":10035.69},{"text":"Financial","start":10035.69,"end":10036.25},{"text":"Action","start":10036.25,"end":10036.65},{"text":"Task","start":10036.65,"end":10036.97},{"text":"Force","start":10036.97,"end":10037.25},{"text":"standards","start":10037.25,"end":10037.81},{"text":"and","start":10037.81,"end":10038.05},{"text":"addressing","start":10038.13,"end":10038.49},{"text":"anti-money","start":10038.49,"end":10039.21},{"text":"laundering","start":10039.21,"end":10039.77},{"text":"and","start":10039.77,"end":10039.89},{"text":"counter-terrorism","start":10039.89,"end":10041.17},{"text":"risks.","start":10041.29,"end":10042.01}]},{"text":"Regarding para 35, the FFD4 outcome should support investments to build financial system enabling infrastructure in small island developing states, including digital identification, payments infrastructure and digital solutions to enhance broader financial system resilience.","start":10043.13,"end":10063.13,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."},{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. 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At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"35d,","start":10063.77,"end":10065.05},{"text":"Australia","start":10065.37,"end":10065.81},{"text":"strongly","start":10065.81,"end":10066.29},{"text":"supports","start":10066.29,"end":10066.81},{"text":"private","start":10066.81,"end":10067.29},{"text":"capital","start":10067.29,"end":10068.09},{"text":"mobilisation","start":10068.09,"end":10069.21},{"text":"for","start":10069.45,"end":10069.57},{"text":"sustainable","start":10069.57,"end":10070.17},{"text":"development,","start":10070.17,"end":10070.97},{"text":"in","start":10071.37,"end":10071.45},{"text":"particular","start":10071.45,"end":10072.77},{"text":"through","start":10072.77,"end":10072.97},{"text":"blended","start":10072.97,"end":10073.37},{"text":"finance.","start":10073.37,"end":10074.09}]},{"text":"We support the comments by Indonesia and Canada on the focus on leverage and impact.","start":10074.41,"end":10079.77,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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the sequential approach in 34a, it may not be applicable to all countries and capture the different nuances and local environments.","start":10193.61,"end":10201.85,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Regarding","start":10193.61,"end":10194.45},{"text":"the","start":10194.45,"end":10194.53},{"text":"sequential","start":10194.65,"end":10195.41},{"text":"approach","start":10195.41,"end":10195.77},{"text":"in","start":10195.77,"end":10195.93},{"text":"34a,","start":10195.93,"end":10196.97},{"text":"it","start":10196.97,"end":10197.13},{"text":"may","start":10197.13,"end":10197.29},{"text":"not","start":10197.29,"end":10197.53},{"text":"be","start":10197.53,"end":10197.69},{"text":"applicable","start":10197.69,"end":10198.25},{"text":"to","start":10198.25,"end":10198.33},{"text":"all","start":10198.33,"end":10198.49},{"text":"countries","start":10198.49,"end":10199.13},{"text":"and","start":10199.13,"end":10199.33},{"text":"capture","start":10199.33,"end":10199.77},{"text":"the","start":10199.77,"end":10199.85},{"text":"different","start":10199.85,"end":10200.21},{"text":"nuances","start":10200.21,"end":10200.69},{"text":"and","start":10200.69,"end":10200.85},{"text":"local","start":10200.85,"end":10201.09},{"text":"environments.","start":10201.09,"end":10201.85}]},{"text":"The same could be the case with the model framework mentioned in 34b.","start":10202.25,"end":10206.01,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"The","start":10202.25,"end":10202.37},{"text":"same","start":10202.37,"end":10202.65},{"text":"could","start":10202.65,"end":10202.81},{"text":"be","start":10202.81,"end":10202.97},{"text":"the","start":10202.97,"end":10203.05},{"text":"case","start":10203.05,"end":10203.37},{"text":"with","start":10203.37,"end":10203.57},{"text":"the","start":10203.57,"end":10203.65},{"text":"model","start":10203.65,"end":10203.97},{"text":"framework","start":10203.97,"end":10204.53},{"text":"mentioned","start":10204.53,"end":10205.05},{"text":"in","start":10205.05,"end":10205.21},{"text":"34b.","start":10205.21,"end":10206.01}]},{"text":"On 34c, we would appreciate more evidence-based analysis that the innovative instruments cited are beneficial for developing countries.","start":10206.81,"end":10214.73,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"On","start":10206.81,"end":10207.05},{"text":"34c,","start":10207.05,"end":10207.85},{"text":"we","start":10207.85,"end":10207.93},{"text":"would","start":10207.93,"end":10208.09},{"text":"appreciate","start":10208.09,"end":10208.65},{"text":"more","start":10208.65,"end":10208.89},{"text":"evidence-based","start":10208.89,"end":10209.65},{"text":"analysis","start":10209.65,"end":10210.49},{"text":"that","start":10210.49,"end":10210.73},{"text":"the","start":10210.73,"end":10210.81},{"text":"innovative","start":10210.81,"end":10211.29},{"text":"instruments","start":10211.29,"end":10212.17},{"text":"cited","start":10212.17,"end":10212.49},{"text":"are","start":10212.49,"end":10212.81},{"text":"beneficial","start":10212.97,"end":10213.53},{"text":"for","start":10213.53,"end":10213.69},{"text":"developing","start":10213.69,"end":10214.17},{"text":"countries.","start":10214.17,"end":10214.73}]},{"text":"In d, The risk management tools mentioned should not create more burdens and debts for developing countries and therefore more information on their efficacy would be appreciated.","start":10215.45,"end":10225.05,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"In","start":10215.45,"end":10215.69},{"text":"d,","start":10215.69,"end":10216.17},{"text":"The","start":10216.69,"end":10216.73},{"text":"risk","start":10216.73,"end":10216.97},{"text":"management","start":10216.97,"end":10217.57},{"text":"tools","start":10217.57,"end":10217.85},{"text":"mentioned","start":10217.85,"end":10218.33},{"text":"should","start":10218.33,"end":10218.49},{"text":"not","start":10218.49,"end":10218.69},{"text":"create","start":10218.69,"end":10218.97},{"text":"more","start":10218.97,"end":10219.25},{"text":"burdens","start":10219.25,"end":10219.73},{"text":"and","start":10219.73,"end":10219.89},{"text":"debts","start":10219.89,"end":10220.25},{"text":"for","start":10220.25,"end":10220.49},{"text":"developing","start":10220.49,"end":10221.05},{"text":"countries","start":10221.05,"end":10221.61},{"text":"and","start":10221.61,"end":10221.73},{"text":"therefore","start":10221.73,"end":10222.25},{"text":"more","start":10222.41,"end":10222.61},{"text":"information","start":10222.61,"end":10223.17},{"text":"on","start":10223.17,"end":10223.29},{"text":"their","start":10223.29,"end":10223.41},{"text":"efficacy","start":10223.41,"end":10223.93},{"text":"would","start":10223.93,"end":10224.09},{"text":"be","start":10224.09,"end":10224.33},{"text":"appreciated.","start":10224.33,"end":10225.05}]},{"text":"In 34e, it would be important to specify who will implement this action and how technical assistance and capacity building will be provided.","start":10226.01,"end":10234.25,"topics":[],"words":[{"text":"In","start":10226.01,"end":10226.33},{"text":"34e,","start":10226.41,"end":10227.13},{"text":"it","start":10227.13,"end":10227.21},{"text":"would","start":10227.21,"end":10227.37},{"text":"be","start":10227.37,"end":10227.49},{"text":"important","start":10227.49,"end":10227.89},{"text":"to","start":10227.89,"end":10227.97},{"text":"specify","start":10227.97,"end":10228.73},{"text":"who","start":10229.05,"end":10229.21},{"text":"will","start":10229.21,"end":10229.37},{"text":"implement","start":10229.37,"end":10229.89},{"text":"this","start":10229.89,"end":10230.09},{"text":"action","start":10230.09,"end":10230.65},{"text":"and","start":10230.65,"end":10230.81},{"text":"how","start":10230.81,"end":10231.05},{"text":"technical","start":10231.05,"end":10231.53},{"text":"assistance","start":10231.53,"end":10232.05},{"text":"and","start":10232.05,"end":10232.17},{"text":"capacity","start":10232.17,"end":10232.65},{"text":"building","start":10232.65,"end":10233.05},{"text":"will","start":10233.37,"end":10233.53},{"text":"be","start":10233.53,"end":10233.69},{"text":"provided.","start":10233.69,"end":10234.25}]},{"text":"Furthermore, supporting business environments in developing countries should not just be for the MDBs.","start":10234.89,"end":10240.01,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"Furthermore,","start":10234.89,"end":10235.45},{"text":"supporting","start":10235.45,"end":10235.89},{"text":"business","start":10235.89,"end":10236.25},{"text":"environments","start":10236.25,"end":10236.89},{"text":"in","start":10236.89,"end":10236.97},{"text":"developing","start":10236.97,"end":10237.53},{"text":"countries","start":10237.53,"end":10237.97},{"text":"should","start":10237.97,"end":10238.25},{"text":"not","start":10238.25,"end":10238.57},{"text":"just","start":10238.57,"end":10238.85},{"text":"be","start":10238.85,"end":10238.97},{"text":"for","start":10238.97,"end":10239.13},{"text":"the","start":10239.13,"end":10239.25},{"text":"MDBs.","start":10239.25,"end":10240.01}]},{"text":"In 34F, citing the MSMEs is very good, but it remains unclear who will implement this action and how it will be attained.","start":10241.01,"end":10248.85,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"In","start":10241.01,"end":10241.09},{"text":"34F,","start":10241.09,"end":10241.97},{"text":"citing","start":10241.97,"end":10242.37},{"text":"the","start":10242.37,"end":10242.49},{"text":"MSMEs","start":10242.49,"end":10243.33},{"text":"is","start":10243.41,"end":10243.65},{"text":"very","start":10243.65,"end":10243.85},{"text":"good,","start":10243.85,"end":10244.13},{"text":"but","start":10244.13,"end":10244.45},{"text":"it","start":10244.45,"end":10244.65},{"text":"remains","start":10244.65,"end":10245.05},{"text":"unclear","start":10245.05,"end":10245.57},{"text":"who","start":10245.57,"end":10245.69},{"text":"will","start":10245.69,"end":10245.89},{"text":"implement","start":10245.89,"end":10246.37},{"text":"this","start":10246.37,"end":10246.53},{"text":"action","start":10246.53,"end":10247.17},{"text":"and","start":10247.33,"end":10247.49},{"text":"how","start":10247.49,"end":10247.81},{"text":"it","start":10247.81,"end":10247.97},{"text":"will","start":10247.97,"end":10248.13},{"text":"be","start":10248.13,"end":10248.29},{"text":"attained.","start":10248.29,"end":10248.85}]},{"text":"We recommend a target for increasing international support for MSMEs in developing countries, including reducing the cost of lending to them.","start":10249.33,"end":10257.09,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":10249.33,"end":10249.81},{"text":"recommend","start":10249.81,"end":10250.29},{"text":"a","start":10250.29,"end":10250.33},{"text":"target","start":10250.33,"end":10250.77},{"text":"for","start":10250.77,"end":10250.93},{"text":"increasing","start":10250.93,"end":10251.45},{"text":"international","start":10251.45,"end":10252.05},{"text":"support","start":10252.05,"end":10252.45},{"text":"for","start":10252.45,"end":10252.61},{"text":"MSMEs","start":10252.61,"end":10253.17},{"text":"in","start":10253.17,"end":10253.33},{"text":"developing","start":10253.33,"end":10253.85},{"text":"countries,","start":10253.85,"end":10254.45},{"text":"including","start":10254.77,"end":10255.25},{"text":"reducing","start":10255.25,"end":10255.73},{"text":"the","start":10255.73,"end":10255.85},{"text":"cost","start":10255.85,"end":10256.21},{"text":"of","start":10256.21,"end":10256.29},{"text":"lending","start":10256.29,"end":10256.69},{"text":"to","start":10256.69,"end":10256.81},{"text":"them.","start":10256.81,"end":10257.09}]},{"text":"We have similar questions on 34G and H. A financial inclusion strategy to increase digitalization and access to financial services could be appropriate here.","start":10257.73,"end":10267.01,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":10257.73,"end":10257.85},{"text":"have","start":10257.85,"end":10257.97},{"text":"similar","start":10257.97,"end":10258.37},{"text":"questions","start":10258.37,"end":10258.85},{"text":"on","start":10258.85,"end":10258.97},{"text":"34G","start":10258.97,"end":10259.73},{"text":"and","start":10259.73,"end":10259.89},{"text":"H.","start":10259.89,"end":10260.37},{"text":"A","start":10261.01,"end":10261.09},{"text":"financial","start":10261.09,"end":10261.65},{"text":"inclusion","start":10261.65,"end":10262.13},{"text":"strategy","start":10262.13,"end":10262.69},{"text":"to","start":10262.69,"end":10262.81},{"text":"increase","start":10262.81,"end":10263.25},{"text":"digitalization","start":10263.25,"end":10264.17},{"text":"and","start":10264.17,"end":10264.29},{"text":"access","start":10264.29,"end":10264.77},{"text":"to","start":10264.77,"end":10264.85},{"text":"financial","start":10264.85,"end":10265.33},{"text":"services","start":10265.33,"end":10265.97},{"text":"could","start":10265.97,"end":10266.13},{"text":"be","start":10266.13,"end":10266.25},{"text":"appropriate","start":10266.25,"end":10266.77},{"text":"here.","start":10266.77,"end":10267.01}]},{"text":"In 34I, We should include the positive contribution of migrants to sustainable development, as many have mentioned today, including on rural development.","start":10267.89,"end":10276.33,"topics":[],"words":[{"text":"In","start":10267.89,"end":10268.13},{"text":"34I,","start":10268.13,"end":10269.01},{"text":"We","start":10270.01,"end":10270.05},{"text":"should","start":10270.05,"end":10270.21},{"text":"include","start":10270.21,"end":10270.53},{"text":"the","start":10270.53,"end":10270.65},{"text":"positive","start":10270.65,"end":10271.05},{"text":"contribution","start":10271.05,"end":10271.73},{"text":"of","start":10271.73,"end":10271.85},{"text":"migrants","start":10271.85,"end":10272.33},{"text":"to","start":10272.33,"end":10272.41},{"text":"sustainable","start":10272.41,"end":10272.89},{"text":"development,","start":10272.89,"end":10273.45},{"text":"as","start":10273.45,"end":10273.61},{"text":"many","start":10273.61,"end":10273.77},{"text":"have","start":10273.77,"end":10273.93},{"text":"mentioned","start":10273.93,"end":10274.25},{"text":"today,","start":10274.25,"end":10274.65},{"text":"including","start":10274.89,"end":10275.33},{"text":"on","start":10275.33,"end":10275.45},{"text":"rural","start":10275.45,"end":10275.69},{"text":"development.","start":10275.69,"end":10276.33}]},{"text":"We also wish to see more operational and ambitious language.","start":10276.81,"end":10280.25,"topics":[],"words":[{"text":"We","start":10276.81,"end":10276.93},{"text":"also","start":10276.93,"end":10277.13},{"text":"wish","start":10277.13,"end":10277.29},{"text":"to","start":10277.29,"end":10277.37},{"text":"see","start":10277.37,"end":10277.61},{"text":"more","start":10277.61,"end":10277.85},{"text":"operational","start":10278.09,"end":10278.89},{"text":"and","start":10278.89,"end":10279.17},{"text":"ambitious","start":10279.17,"end":10279.61},{"text":"language.","start":10279.61,"end":10280.25}]},{"text":"In 34j, we would like to ask which are the relevant institutions being referred to.","start":10281.13,"end":10285.69,"topics":[],"words":[{"text":"In","start":10281.13,"end":10281.37},{"text":"34j,","start":10281.37,"end":10282.17},{"text":"we","start":10282.17,"end":10282.25},{"text":"would","start":10282.25,"end":10282.49},{"text":"like","start":10282.49,"end":10282.65},{"text":"to","start":10282.65,"end":10282.81},{"text":"ask","start":10282.81,"end":10283.09},{"text":"which","start":10283.09,"end":10283.37},{"text":"are","start":10283.37,"end":10283.45},{"text":"the","start":10283.45,"end":10283.57},{"text":"relevant","start":10283.57,"end":10284.05},{"text":"institutions","start":10284.05,"end":10284.81},{"text":"being","start":10284.81,"end":10285.01},{"text":"referred","start":10285.01,"end":10285.45},{"text":"to.","start":10285.45,"end":10285.69}]},{"text":"In paragraph 35, we think there should be a clear statement that FDI should support national development plans and structural transformation of developing countries' economies, technology transfer and skills development.","start":10286.65,"end":10298.61,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"In","start":10286.65,"end":10286.81},{"text":"paragraph","start":10286.81,"end":10287.17},{"text":"35,","start":10287.17,"end":10287.93},{"text":"we","start":10288.01,"end":10288.25},{"text":"think","start":10288.25,"end":10288.41},{"text":"there","start":10288.41,"end":10288.53},{"text":"should","start":10288.53,"end":10288.65},{"text":"be","start":10288.65,"end":10288.77},{"text":"a","start":10288.77,"end":10288.81},{"text":"clear","start":10288.81,"end":10289.13},{"text":"statement","start":10289.13,"end":10289.57},{"text":"that","start":10289.57,"end":10289.73},{"text":"FDI","start":10289.73,"end":10290.25},{"text":"should","start":10290.25,"end":10290.45},{"text":"support","start":10290.45,"end":10290.89},{"text":"national","start":10290.89,"end":10291.33},{"text":"development","start":10291.33,"end":10291.77},{"text":"plans","start":10291.77,"end":10292.25},{"text":"and","start":10292.57,"end":10292.73},{"text":"structural","start":10292.73,"end":10293.21},{"text":"transformation","start":10293.21,"end":10294.01},{"text":"of","start":10294.01,"end":10294.09},{"text":"developing","start":10294.09,"end":10294.65},{"text":"countries'","start":10294.65,"end":10295.05},{"text":"economies,","start":10295.05,"end":10295.77},{"text":"technology","start":10296.25,"end":10296.77},{"text":"transfer","start":10296.77,"end":10297.45},{"text":"and","start":10297.45,"end":10297.61},{"text":"skills","start":10297.61,"end":10298.01},{"text":"development.","start":10298.01,"end":10298.61}]},{"text":"35 seems a bit misplaced in this section and we'd like to ask which relevant agencies are being referred to.","start":10299.89,"end":10306.29,"topics":[],"words":[{"text":"35","start":10299.89,"end":10300.29},{"text":"seems","start":10300.29,"end":10301.01},{"text":"a","start":10301.01,"end":10301.09},{"text":"bit","start":10301.09,"end":10301.29},{"text":"misplaced","start":10301.29,"end":10301.85},{"text":"in","start":10301.85,"end":10301.97},{"text":"this","start":10301.97,"end":10302.17},{"text":"section","start":10302.17,"end":10302.77},{"text":"and","start":10303.25,"end":10303.49},{"text":"we'd","start":10303.49,"end":10303.73},{"text":"like","start":10303.73,"end":10303.85},{"text":"to","start":10303.85,"end":10303.93},{"text":"ask","start":10303.93,"end":10304.09},{"text":"which","start":10304.09,"end":10304.37},{"text":"relevant","start":10304.37,"end":10304.77},{"text":"agencies","start":10304.77,"end":10305.29},{"text":"are","start":10305.29,"end":10305.41},{"text":"being","start":10305.41,"end":10305.65},{"text":"referred","start":10305.65,"end":10306.09},{"text":"to.","start":10306.09,"end":10306.29}]},{"text":"It might be good to have a dedicated subsection on remittances and diaspora investment in this chapter.","start":10307.25,"end":10312.37,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"It","start":10307.25,"end":10307.33},{"text":"might","start":10307.33,"end":10307.57},{"text":"be","start":10307.57,"end":10307.69},{"text":"good","start":10307.69,"end":10307.85},{"text":"to","start":10307.85,"end":10307.93},{"text":"have","start":10307.93,"end":10308.05},{"text":"a","start":10308.05,"end":10308.09},{"text":"dedicated","start":10308.09,"end":10308.77},{"text":"subsection","start":10308.77,"end":10309.49},{"text":"on","start":10309.49,"end":10309.65},{"text":"remittances","start":10309.65,"end":10310.37},{"text":"and","start":10310.37,"end":10310.57},{"text":"diaspora","start":10310.57,"end":10311.05},{"text":"investment","start":10311.05,"end":10311.61},{"text":"in","start":10311.61,"end":10311.73},{"text":"this","start":10311.73,"end":10311.97},{"text":"chapter.","start":10311.97,"end":10312.37}]},{"text":"In 35, the same standard of blended financing may not work for all countries as different countries require targeted and special approaches.","start":10313.89,"end":10324.45,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"On","start":10436.13,"end":10436.25},{"text":"paragraph","start":10436.25,"end":10436.73},{"text":"34,","start":10436.73,"end":10437.45},{"text":"we","start":10437.53,"end":10437.77},{"text":"appreciate","start":10437.77,"end":10438.33},{"text":"the","start":10438.33,"end":10438.41},{"text":"text","start":10438.41,"end":10438.77},{"text":"focus","start":10438.77,"end":10439.29},{"text":"on","start":10439.29,"end":10439.53},{"text":"enabling","start":10439.53,"end":10439.93},{"text":"environments","start":10439.93,"end":10440.69},{"text":"and","start":10440.69,"end":10440.81},{"text":"feel","start":10440.81,"end":10441.05},{"text":"this","start":10441.05,"end":10441.37},{"text":"is","start":10441.77,"end":10441.93},{"text":"important","start":10441.93,"end":10442.57},{"text":"for","start":10442.73,"end":10442.89},{"text":"the","start":10442.89,"end":10443.01},{"text":"balance","start":10443.01,"end":10443.37},{"text":"of","start":10443.37,"end":10443.45},{"text":"the","start":10443.45,"end":10443.57},{"text":"text.","start":10443.57,"end":10444.01}]},{"text":"On paragraph 35, we believe the outcome document should refrain from calling on the MDBs or their governing bodies to undertake specific actions or seek to influence decisions or processes that are the purview of their governing bodies.","start":10445.13,"end":10457.93,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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includes decisions about MDB resources, financing terms, instruments and allocation, which cannot be decided through 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suggest regulators have a mandate to align regulatory frameworks to promote sustainability 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Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"When","start":10519.41,"end":10519.65},{"text":"we","start":10519.65,"end":10519.73},{"text":"consider","start":10519.73,"end":10520.21},{"text":"investment","start":10520.21,"end":10520.65},{"text":"barriers,","start":10520.65,"end":10521.25},{"text":"we","start":10521.25,"end":10521.45},{"text":"must","start":10521.45,"end":10521.69},{"text":"consider","start":10521.69,"end":10522.13},{"text":"barriers","start":10522.13,"end":10522.61},{"text":"at","start":10522.61,"end":10522.77},{"text":"the","start":10522.77,"end":10522.85},{"text":"global","start":10522.85,"end":10523.21},{"text":"level,","start":10523.21,"end":10523.65},{"text":"whereas","start":10524.01,"end":10524.37},{"text":"the","start":10524.37,"end":10524.53},{"text":"current","start":10524.53,"end":10524.81},{"text":"chapter","start":10524.81,"end":10525.17},{"text":"has","start":10525.17,"end":10525.37},{"text":"an","start":10525.37,"end":10525.49},{"text":"overwhelming","start":10525.49,"end":10526.05},{"text":"focus","start":10526.05,"end":10526.61},{"text":"on","start":10526.61,"end":10526.77},{"text":"domestic","start":10526.77,"end":10527.21},{"text":"measures.","start":10527.21,"end":10527.73}]},{"text":"We support the reference in paragraph 33 to global enabling environment.","start":10528.61,"end":10532.53,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"We","start":10528.61,"end":10528.77},{"text":"support","start":10528.77,"end":10529.17},{"text":"the","start":10529.17,"end":10529.25},{"text":"reference","start":10529.25,"end":10529.65},{"text":"in","start":10529.65,"end":10529.81},{"text":"paragraph","start":10529.81,"end":10530.29},{"text":"33","start":10530.29,"end":10531.01},{"text":"to","start":10531.01,"end":10531.13},{"text":"global","start":10531.13,"end":10531.57},{"text":"enabling","start":10531.57,"end":10531.97},{"text":"environment.","start":10531.97,"end":10532.53}]},{"text":"In paragraph 34b, we request the deletion of the second and third sentence, as there is a selective approach to the listing of factors for a business enabling environment with an overwhelming focus on the domestic aspect.","start":10533.89,"end":10546.45,"topics":[{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"In","start":10533.89,"end":10534.05},{"text":"paragraph","start":10534.05,"end":10534.49},{"text":"34b,","start":10534.49,"end":10535.41},{"text":"we","start":10535.65,"end":10535.85},{"text":"request","start":10535.85,"end":10536.25},{"text":"the","start":10536.25,"end":10536.33},{"text":"deletion","start":10536.33,"end":10536.73},{"text":"of","start":10536.73,"end":10536.81},{"text":"the","start":10536.81,"end":10536.93},{"text":"second","start":10536.93,"end":10537.21},{"text":"and","start":10537.21,"end":10537.53},{"text":"third","start":10537.53,"end":10537.73},{"text":"sentence,","start":10537.73,"end":10538.45},{"text":"as","start":10538.93,"end":10539.05},{"text":"there","start":10539.09,"end":10539.29},{"text":"is","start":10539.29,"end":10539.41},{"text":"a","start":10539.41,"end":10539.45},{"text":"selective","start":10539.45,"end":10539.81},{"text":"approach","start":10539.81,"end":10540.25},{"text":"to","start":10540.25,"end":10540.41},{"text":"the","start":10540.41,"end":10540.53},{"text":"listing","start":10540.53,"end":10540.89},{"text":"of","start":10540.89,"end":10540.97},{"text":"factors","start":10540.97,"end":10541.49},{"text":"for","start":10541.49,"end":10541.65},{"text":"a","start":10541.65,"end":10541.69},{"text":"business","start":10541.69,"end":10542.05},{"text":"enabling","start":10542.09,"end":10542.49},{"text":"environment","start":10542.49,"end":10543.05},{"text":"with","start":10543.73,"end":10543.93},{"text":"an","start":10543.93,"end":10544.05},{"text":"overwhelming","start":10544.05,"end":10544.69},{"text":"focus","start":10544.69,"end":10545.17},{"text":"on","start":10545.17,"end":10545.25},{"text":"the","start":10545.25,"end":10545.37},{"text":"domestic","start":10545.37,"end":10545.81},{"text":"aspect.","start":10545.81,"end":10546.45}]},{"text":"In paragraph 34c, we believe that there should be more evidence that these financing instruments work for developing countries before we give a broad mandate to implementing them.","start":10548.61,"end":10558.29,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."}],"words":[{"text":"In","start":10548.61,"end":10548.77},{"text":"paragraph","start":10548.77,"end":10549.17},{"text":"34c,","start":10549.17,"end":10550.13},{"text":"we","start":10550.69,"end":10550.85},{"text":"believe","start":10550.85,"end":10551.21},{"text":"that","start":10551.21,"end":10551.41},{"text":"there","start":10551.41,"end":10551.57},{"text":"should","start":10551.57,"end":10551.81},{"text":"be","start":10551.81,"end":10551.89},{"text":"more","start":10551.89,"end":10552.13},{"text":"evidence","start":10552.13,"end":10552.61},{"text":"that","start":10552.61,"end":10552.85},{"text":"these","start":10552.85,"end":10553.01},{"text":"financing","start":10553.01,"end":10553.57},{"text":"instruments","start":10553.57,"end":10554.13},{"text":"work","start":10554.13,"end":10554.37},{"text":"for","start":10554.37,"end":10554.49},{"text":"developing","start":10554.49,"end":10554.89},{"text":"countries","start":10554.89,"end":10555.49},{"text":"before","start":10555.81,"end":10556.21},{"text":"we","start":10556.21,"end":10556.29},{"text":"give","start":10556.29,"end":10556.53},{"text":"a","start":10556.53,"end":10556.61},{"text":"broad","start":10556.61,"end":10556.93},{"text":"mandate","start":10556.93,"end":10557.29},{"text":"to","start":10557.29,"end":10557.37},{"text":"implementing","start":10557.37,"end":10557.97},{"text":"them.","start":10557.97,"end":10558.29}]},{"text":"So we request its deletion.","start":10559.01,"end":10560.69,"topics":[],"words":[{"text":"So","start":10559.01,"end":10559.33},{"text":"we","start":10559.33,"end":10559.41},{"text":"request","start":10559.41,"end":10559.89},{"text":"its","start":10559.89,"end":10560.13},{"text":"deletion.","start":10560.13,"end":10560.69}]},{"text":"We support paragraph 34 in particular the need to review the possible unintended consequences of regulatory and prudential frameworks on MSME lending in developing countries and explore the use of MSME carve-outs.","start":10561.93,"end":10575.73,"topics":[{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. 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Proposals included creating or strengthening these banks, improving their capitalization and regulatory treatment, and expanding technical and concessional support for countries that lack them."}],"words":[{"text":"We","start":10646.41,"end":10646.57},{"text":"believe","start":10646.57,"end":10646.89},{"text":"that","start":10646.89,"end":10647.13},{"text":"proposal","start":10647.13,"end":10647.61},{"text":"for","start":10647.61,"end":10647.81},{"text":"a","start":10647.81,"end":10647.85},{"text":"pool","start":10647.85,"end":10648.25},{"text":"technical","start":10648.25,"end":10648.65},{"text":"assistance","start":10648.65,"end":10649.05},{"text":"platform","start":10649.05,"end":10649.61},{"text":"is","start":10649.61,"end":10649.81},{"text":"one","start":10649.81,"end":10649.97},{"text":"of","start":10649.97,"end":10650.05},{"text":"the","start":10650.05,"end":10650.17},{"text":"most","start":10650.17,"end":10650.49},{"text":"action","start":10650.49,"end":10650.85},{"text":"oriented","start":10650.85,"end":10651.25},{"text":"proposals","start":10651.25,"end":10651.85},{"text":"in","start":10651.85,"end":10652.01},{"text":"this","start":10652.01,"end":10652.17},{"text":"entire","start":10652.17,"end":10652.49},{"text":"section.","start":10652.49,"end":10653.05}]},{"text":"We suggest strengthening 35I in the following three ways.","start":10653.77,"end":10656.89,"topics":[{"key":"development-banks","label":"National Development Banks","description":"Delegations repeatedly highlighted national public development banks as key institutions for mobilizing long-term finance for infrastructure, productive sectors, and SDG delivery. 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Sorry, Chair, I didn't know we'd make it.","start":10812.53,"end":10815.61,"topics":[],"words":[{"text":"Thank","start":10812.53,"end":10812.81},{"text":"you.","start":10812.81,"end":10812.93},{"text":"Sorry,","start":10813.05,"end":10813.45},{"text":"Chair,","start":10813.45,"end":10813.85},{"text":"I","start":10813.93,"end":10813.97},{"text":"didn't","start":10813.97,"end":10814.33},{"text":"know","start":10814.81,"end":10815.01},{"text":"we'd","start":10815.01,"end":10815.25},{"text":"make","start":10815.25,"end":10815.41},{"text":"it.","start":10815.41,"end":10815.61}]},{"text":"So Brazil would like to make a few comments on the text.","start":10816.17,"end":10823.53,"topics":[],"words":[{"text":"So","start":10816.17,"end":10816.57},{"text":"Brazil","start":10818.89,"end":10819.37},{"text":"would","start":10820.29,"end":10820.41},{"text":"like","start":10820.41,"end":10820.65},{"text":"to","start":10820.65,"end":10821.05},{"text":"make","start":10821.93,"end":10822.13},{"text":"a","start":10822.13,"end":10822.17},{"text":"few","start":10822.17,"end":10822.33},{"text":"comments","start":10822.33,"end":10822.81},{"text":"on","start":10822.81,"end":10823.05},{"text":"the","start":10823.05,"end":10823.13},{"text":"text.","start":10823.13,"end":10823.53}]},{"text":"We align ourselves with the language proposed by the G77 and China and we'd like to make some comments in our national capacity.","start":10823.57,"end":10833.37,"topics":[],"words":[{"text":"We","start":10823.57,"end":10823.65},{"text":"align","start":10823.77,"end":10824.17},{"text":"ourselves","start":10824.29,"end":10825.09},{"text":"with","start":10825.77,"end":10825.97},{"text":"the","start":10825.97,"end":10826.09},{"text":"language","start":10826.09,"end":10826.57},{"text":"proposed","start":10826.57,"end":10827.05},{"text":"by","start":10827.05,"end":10827.37},{"text":"the","start":10827.53,"end":10827.69},{"text":"G77","start":10827.69,"end":10828.49},{"text":"and","start":10828.49,"end":10828.65},{"text":"China","start":10828.65,"end":10828.93},{"text":"and","start":10828.93,"end":10829.09},{"text":"we'd","start":10829.45,"end":10829.69},{"text":"like","start":10829.69,"end":10829.93},{"text":"to","start":10829.93,"end":10830.01},{"text":"make","start":10830.01,"end":10830.17},{"text":"some","start":10830.17,"end":10830.57},{"text":"comments","start":10831.61,"end":10832.01},{"text":"in","start":10832.01,"end":10832.09},{"text":"our","start":10832.09,"end":10832.17},{"text":"national","start":10832.17,"end":10832.65},{"text":"capacity.","start":10832.65,"end":10833.37}]},{"text":"So there's been a lot of expectations with regards to the private sector mobilization and a lot of frustration as well for investments in the ODA of the ODS, of SDGs.","start":10834.49,"end":10850.73,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. 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like to move into the text and propose a few language edits if I may.","start":10873.65,"end":10880.65,"topics":[],"words":[{"text":"I'd","start":10873.65,"end":10873.85},{"text":"like","start":10873.85,"end":10874.01},{"text":"to","start":10874.01,"end":10874.49},{"text":"move","start":10875.05,"end":10875.45},{"text":"into","start":10875.61,"end":10875.89},{"text":"the","start":10875.89,"end":10876.01},{"text":"text","start":10876.01,"end":10876.49},{"text":"and","start":10877.37,"end":10877.77},{"text":"propose","start":10877.77,"end":10878.57},{"text":"a","start":10878.73,"end":10878.81},{"text":"few","start":10878.81,"end":10879.29},{"text":"language","start":10879.53,"end":10879.93},{"text":"edits","start":10879.93,"end":10880.25},{"text":"if","start":10880.25,"end":10880.33},{"text":"I","start":10880.41,"end":10880.45},{"text":"may.","start":10880.45,"end":10880.65}]},{"text":"So with regards to foreign, with regards to para Pardon 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tomorrow.","start":10899.01,"end":10900.45,"topics":[],"words":[{"text":"Oh,","start":10899.01,"end":10899.17},{"text":"Shura","start":10899.17,"end":10899.41},{"text":"is","start":10899.41,"end":10899.49},{"text":"going","start":10899.49,"end":10899.65},{"text":"to","start":10899.65,"end":10899.73},{"text":"come","start":10899.73,"end":10899.93},{"text":"in","start":10899.93,"end":10900.05},{"text":"tomorrow.","start":10900.05,"end":10900.45}]},{"text":"With regards to para 34, so it's necessary, we would like to propose at the caput while strengthening the regulation for private sector and corporations that generate social, economic and environmental negative externalities.","start":10901.81,"end":10930,"topics":[],"words":[{"text":"With","start":10901.81,"end":10901.97},{"text":"regards","start":10901.97,"end":10902.37},{"text":"to","start":10902.37,"end":10902.77},{"text":"para","start":10902.93,"end":10903.41},{"text":"34,","start":10911.28,"end":10912.24},{"text":"so","start":10913.44,"end":10913.92},{"text":"it's","start":10915.28,"end":10915.52},{"text":"necessary,","start":10915.52,"end":10916.16},{"text":"we","start":10916.24,"end":10916.36},{"text":"would","start":10916.36,"end":10916.48},{"text":"like","start":10916.48,"end":10916.72},{"text":"to","start":10916.72,"end":10916.96},{"text":"propose","start":10916.96,"end":10917.68},{"text":"at","start":10917.72,"end":10917.8},{"text":"the","start":10917.8,"end":10917.92},{"text":"caput","start":10917.92,"end":10918.56},{"text":"while","start":10919.76,"end":10920.16},{"text":"strengthening","start":10920.16,"end":10920.72},{"text":"the","start":10920.72,"end":10920.8},{"text":"regulation","start":10920.8,"end":10921.28},{"text":"for","start":10921.28,"end":10921.44},{"text":"private","start":10921.44,"end":10921.92},{"text":"sector","start":10921.92,"end":10922.56},{"text":"and","start":10922.56,"end":10922.72},{"text":"corporations","start":10922.72,"end":10923.6},{"text":"that","start":10923.6,"end":10923.76},{"text":"generate","start":10923.76,"end":10924.16},{"text":"social,","start":10924.16,"end":10924.88},{"text":"economic","start":10925.24,"end":10925.92},{"text":"and","start":10925.92,"end":10926.48},{"text":"environmental","start":10927.44,"end":10928.32},{"text":"negative","start":10928.32,"end":10928.8},{"text":"externalities.","start":10928.8,"end":10930}]},{"text":"With regards to para 34b, we would like to suggest at the end, including a monitoring mechanism towards this end.","start":10932.17,"end":10942.41,"topics":[],"words":[{"text":"With","start":10932.17,"end":10932.41},{"text":"regards","start":10932.41,"end":10932.89},{"text":"to","start":10932.89,"end":10933.37},{"text":"para","start":10933.69,"end":10934.33},{"text":"34b,","start":10935.05,"end":10936.65},{"text":"we","start":10936.89,"end":10937.09},{"text":"would","start":10937.09,"end":10937.21},{"text":"like","start":10937.21,"end":10937.45},{"text":"to","start":10937.45,"end":10937.69},{"text":"suggest","start":10937.69,"end":10938.13},{"text":"at","start":10938.13,"end":10938.21},{"text":"the","start":10938.21,"end":10938.29},{"text":"end,","start":10938.33,"end":10938.73},{"text":"including","start":10939.21,"end":10939.73},{"text":"a","start":10939.73,"end":10939.77},{"text":"monitoring","start":10939.77,"end":10940.73},{"text":"mechanism","start":10940.81,"end":10941.53},{"text":"towards","start":10941.53,"end":10941.85},{"text":"this","start":10941.85,"end":10942.09},{"text":"end.","start":10942.09,"end":10942.41}]},{"text":"With regards to e, at the end we would like to suggest, while protecting the rights of the people and territories in vulnerable conditions, including indigenous people and local communities, With regards to remittances, we'd like to recall, as mentioned by other colleagues, that remittances are resources that migrant workers send to their families.","start":10943.69,"end":10964.25,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"With","start":10943.69,"end":10944.01},{"text":"regards","start":10944.01,"end":10944.49},{"text":"to","start":10944.49,"end":10944.97},{"text":"e,","start":10945.37,"end":10945.69},{"text":"at","start":10946.01,"end":10946.21},{"text":"the","start":10946.21,"end":10946.29},{"text":"end","start":10946.33,"end":10946.49},{"text":"we","start":10946.49,"end":10946.57},{"text":"would","start":10946.57,"end":10946.69},{"text":"like","start":10946.69,"end":10946.89},{"text":"to","start":10946.89,"end":10946.97},{"text":"suggest,","start":10946.97,"end":10947.53},{"text":"while","start":10947.81,"end":10948.05},{"text":"protecting","start":10948.05,"end":10948.49},{"text":"the","start":10948.49,"end":10948.61},{"text":"rights","start":10948.61,"end":10948.89},{"text":"of","start":10948.89,"end":10948.97},{"text":"the","start":10948.97,"end":10949.05},{"text":"people","start":10949.05,"end":10949.61},{"text":"and","start":10949.61,"end":10949.77},{"text":"territories","start":10949.77,"end":10950.33},{"text":"in","start":10950.33,"end":10950.49},{"text":"vulnerable","start":10950.49,"end":10950.89},{"text":"conditions,","start":10950.89,"end":10951.41},{"text":"including","start":10951.41,"end":10951.93},{"text":"indigenous","start":10951.93,"end":10952.73},{"text":"people","start":10952.73,"end":10953.05},{"text":"and","start":10953.05,"end":10953.21},{"text":"local","start":10953.21,"end":10953.53},{"text":"communities,","start":10953.53,"end":10954.17},{"text":"With","start":10954.89,"end":10955.13},{"text":"regards","start":10955.13,"end":10955.45},{"text":"to","start":10955.45,"end":10955.57},{"text":"remittances,","start":10955.57,"end":10956.49},{"text":"we'd","start":10956.81,"end":10957.05},{"text":"like","start":10957.05,"end":10957.29},{"text":"to","start":10957.29,"end":10957.69},{"text":"recall,","start":10958.17,"end":10958.81},{"text":"as","start":10958.81,"end":10959.01},{"text":"mentioned","start":10959.01,"end":10959.33},{"text":"by","start":10959.33,"end":10959.45},{"text":"other","start":10959.45,"end":10959.69},{"text":"colleagues,","start":10959.69,"end":10960.17},{"text":"that","start":10960.17,"end":10960.33},{"text":"remittances","start":10960.33,"end":10961.05},{"text":"are","start":10961.05,"end":10961.37},{"text":"resources","start":10961.61,"end":10962.09},{"text":"that","start":10962.09,"end":10962.33},{"text":"migrant","start":10962.33,"end":10962.69},{"text":"workers","start":10962.69,"end":10963.01},{"text":"send","start":10963.01,"end":10963.25},{"text":"to","start":10963.25,"end":10963.33},{"text":"their","start":10963.33,"end":10963.49},{"text":"families.","start":10963.49,"end":10964.25}]},{"text":"So we should focus on reducing cost of remittances, but not consider this a substitute to ODA or say, oh, these are resources that can be used by states.","start":10964.89,"end":10975.41,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"So","start":10964.89,"end":10965.13},{"text":"we","start":10965.13,"end":10965.21},{"text":"should","start":10965.21,"end":10965.37},{"text":"focus","start":10965.37,"end":10965.77},{"text":"on","start":10965.81,"end":10965.93},{"text":"reducing","start":10965.93,"end":10966.33},{"text":"cost","start":10966.33,"end":10966.69},{"text":"of","start":10966.69,"end":10966.77},{"text":"remittances,","start":10966.77,"end":10967.53},{"text":"but","start":10968.25,"end":10968.49},{"text":"not","start":10968.49,"end":10968.97},{"text":"consider","start":10969.53,"end":10970.05},{"text":"this","start":10970.05,"end":10970.49},{"text":"a","start":10970.49,"end":10970.53},{"text":"substitute","start":10970.53,"end":10971.09},{"text":"to","start":10971.09,"end":10971.33},{"text":"ODA","start":10971.33,"end":10971.49},{"text":"or","start":10971.49,"end":10971.57},{"text":"say,","start":10971.57,"end":10972.25},{"text":"oh,","start":10972.25,"end":10972.33},{"text":"these","start":10972.33,"end":10972.57},{"text":"are","start":10972.57,"end":10972.65},{"text":"resources","start":10972.65,"end":10973.05},{"text":"that","start":10973.05,"end":10973.21},{"text":"can","start":10973.21,"end":10973.41},{"text":"be","start":10973.41,"end":10973.53},{"text":"used","start":10973.53,"end":10974.09},{"text":"by","start":10974.81,"end":10974.97},{"text":"states.","start":10974.97,"end":10975.41}]},{"text":"So it's up to those families to decide how those resources should be used.","start":10975.41,"end":10979.37,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."}],"words":[{"text":"So","start":10975.41,"end":10975.49},{"text":"it's","start":10975.49,"end":10975.73},{"text":"up","start":10975.73,"end":10975.85},{"text":"to","start":10975.85,"end":10975.97},{"text":"those","start":10975.97,"end":10976.17},{"text":"families","start":10976.17,"end":10976.73},{"text":"to","start":10976.73,"end":10976.81},{"text":"decide","start":10976.81,"end":10977.37},{"text":"how","start":10977.37,"end":10977.69},{"text":"those","start":10977.69,"end":10978.01},{"text":"resources","start":10978.01,"end":10978.57},{"text":"should","start":10978.65,"end":10978.89},{"text":"be","start":10978.89,"end":10979.01},{"text":"used.","start":10979.01,"end":10979.37}]},{"text":"With regards to a para 34, we would like to suggest the inclusion of the following language.","start":10980.21,"end":10986.29,"topics":[],"words":[{"text":"With","start":10980.21,"end":10980.45},{"text":"regards","start":10980.45,"end":10980.85},{"text":"to","start":10980.85,"end":10981.33},{"text":"a","start":10981.33,"end":10981.41},{"text":"para","start":10981.41,"end":10981.73},{"text":"34,","start":10981.73,"end":10982.61},{"text":"we","start":10982.61,"end":10982.73},{"text":"would","start":10982.73,"end":10982.85},{"text":"like","start":10982.85,"end":10983.09},{"text":"to","start":10983.09,"end":10983.21},{"text":"suggest","start":10983.21,"end":10983.69},{"text":"the","start":10983.69,"end":10983.77},{"text":"inclusion","start":10983.77,"end":10984.37},{"text":"of","start":10984.77,"end":10985.01},{"text":"the","start":10985.01,"end":10985.13},{"text":"following","start":10985.13,"end":10985.57},{"text":"language.","start":10985.57,"end":10986.29}]},{"text":"We commit to expanding access to affordable cross-border financial services and inclusive growth, especially for migrants and their families, reducing remittances cost.","start":10986.85,"end":10998.45,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."},{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":10986.85,"end":10987.01},{"text":"commit","start":10987.01,"end":10987.65},{"text":"to","start":10987.65,"end":10987.73},{"text":"expanding","start":10987.73,"end":10988.53},{"text":"access","start":10988.53,"end":10989.01},{"text":"to","start":10989.01,"end":10989.13},{"text":"affordable","start":10989.13,"end":10989.89},{"text":"cross-border","start":10989.89,"end":10991.29},{"text":"financial","start":10991.29,"end":10991.81},{"text":"services","start":10991.81,"end":10992.61},{"text":"and","start":10992.97,"end":10993.09},{"text":"inclusive","start":10993.09,"end":10993.89},{"text":"growth,","start":10994.53,"end":10994.81},{"text":"especially","start":10994.81,"end":10995.25},{"text":"for","start":10995.25,"end":10995.41},{"text":"migrants","start":10995.41,"end":10995.97},{"text":"and","start":10995.97,"end":10996.09},{"text":"their","start":10996.09,"end":10996.21},{"text":"families,","start":10996.21,"end":10996.85},{"text":"reducing","start":10996.85,"end":10997.33},{"text":"remittances","start":10997.33,"end":10997.81},{"text":"cost.","start":10997.81,"end":10998.45}]},{"text":"We will support national authorities in strengthening regulatory coordination and ensuring faster, cheaper and more secure transfers through a competitive and transparent market.","start":10998.77,"end":11009.49,"topics":[{"key":"remittances","label":"Remittances and Diaspora Finance","description":"Many speakers emphasized lowering remittance costs, expanding digital transfer channels, and improving financial literacy so remittances can contribute more effectively to development. Delegations also stressed that remittances are private family resources and should not be treated as a substitute for ODA or other international public finance."},{"key":"financial-inclusion","label":"Financial Inclusion and MSME Finance","description":"A recurring topic was expanding access to finance for micro, small and medium-sized enterprises, women, and people in vulnerable situations through affordable credit, broader financial services, and digital tools. Speakers linked stronger financial inclusion to entrepreneurship, resilience, and more equitable participation in development."}],"words":[{"text":"We","start":10998.77,"end":10998.97},{"text":"will","start":10998.97,"end":10999.09},{"text":"support","start":10999.09,"end":10999.57},{"text":"national","start":10999.57,"end":11000.17},{"text":"authorities","start":11000.17,"end":11000.69},{"text":"in","start":11000.69,"end":11000.81},{"text":"strengthening","start":11000.81,"end":11001.33},{"text":"regulatory","start":11001.33,"end":11002.13},{"text":"coordination","start":11002.29,"end":11002.97},{"text":"and","start":11002.97,"end":11003.09},{"text":"ensuring","start":11003.09,"end":11003.65},{"text":"faster,","start":11003.81,"end":11004.37},{"text":"cheaper","start":11004.37,"end":11004.85},{"text":"and","start":11004.85,"end":11005.09},{"text":"more","start":11005.09,"end":11005.25},{"text":"secure","start":11005.25,"end":11005.81},{"text":"transfers","start":11005.81,"end":11006.37},{"text":"through","start":11006.37,"end":11006.57},{"text":"a","start":11006.57,"end":11006.61},{"text":"competitive","start":11006.61,"end":11007.25},{"text":"and","start":11007.25,"end":11007.45},{"text":"transparent","start":11007.45,"end":11008.13},{"text":"market.","start":11009.01,"end":11009.49}]},{"text":"With regards to the issue of foreign direct investment, we would like to suggest text for item D. We call for transparent, official and accountable blended finance initiatives.","start":11010.69,"end":11027.17,"topics":[{"key":"blended-finance","label":"Blended Finance and De-risking","description":"There was extensive discussion of blended finance, guarantees, first-loss capital, catalytic capital, and other risk-sharing tools to crowd in private investment for sustainable development. At the same time, many speakers warned that these instruments must be evidence-based, aligned with national priorities, and not shift excessive risk or conditionality onto developing countries."},{"key":"investment-climate","label":"Investment Climate and Foreign Direct Investment","description":"Delegations addressed how to create enabling environments for sustainable private investment, including regulatory reform, project preparation, country platforms, and stronger domestic capital markets. Many also stressed that foreign direct investment should support structural transformation, decent jobs, infrastructure, and national development strategies rather than simply increase volumes of capital flows."}],"words":[{"text":"With","start":11010.69,"end":11010.93},{"text":"regards","start":11010.93,"end":11011.41},{"text":"to","start":11011.41,"end":11011.97},{"text":"the","start":11012.37,"end":11012.65},{"text":"issue","start":11012.65,"end":11013.17},{"text":"of","start":11013.17,"end":11013.41},{"text":"foreign","start":11013.41,"end":11013.77},{"text":"direct","start":11013.77,"end":11014.09},{"text":"investment,","start":11014.09,"end":11014.85},{"text":"we","start":11015.89,"end":11016.13},{"text":"would","start":11016.13,"end":11016.25},{"text":"like","start":11016.25,"end":11016.53},{"text":"to","start":11016.53,"end":11016.85},{"text":"suggest","start":11017.41,"end":11018.09},{"text":"text","start":11018.09,"end":11018.53},{"text":"for","start":11018.53,"end":11019.09},{"text":"item","start":11019.81,"end":11021.17},{"text":"D.","start":11021.17,"end":11021.65},{"text":"We","start":11022.45,"end":11022.61},{"text":"call","start":11022.61,"end":11022.77},{"text":"for","start":11022.77,"end":11022.93},{"text":"transparent,","start":11022.93,"end":11023.73},{"text":"official","start":11023.73,"end":11024.37},{"text":"and","start":11024.37,"end":11024.57},{"text":"accountable","start":11024.57,"end":11025.33},{"text":"blended","start":11025.33,"end":11025.73},{"text":"finance","start":11025.73,"end":11026.37},{"text":"initiatives.","start":11026.37,"end":11027.17}]},{"text":"With regards to para K, we would like to keep the language on the credit rating methodologies.","start":11028.21,"end":11039.01,"topics":[{"key":"sustainable-finance","label":"Sustainable Finance Standards and Disclosure","description":"Many interventions examined sustainable finance frameworks such as disclosure rules, taxonomies, ESG-related standards, and reporting requirements. 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interpreters.","start":11045.93,"end":11049.73,"topics":[],"words":[{"text":"Just","start":11045.93,"end":11046.29},{"text":"one","start":11046.37,"end":11046.57},{"text":"minute","start":11046.57,"end":11046.85},{"text":"before","start":11046.85,"end":11047.21},{"text":"we","start":11047.21,"end":11047.37},{"text":"release","start":11047.37,"end":11047.73},{"text":"the","start":11047.73,"end":11047.89},{"text":"interpreters.","start":11049.01,"end":11049.73}]},{"text":"Just want to announce that we shall continue tomorrow 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that's International Chamber of Commerce, IFAD, and UNDP.","start":11063.81,"end":11067.57,"topics":[],"words":[{"text":"So","start":11063.81,"end":11063.93},{"text":"that's","start":11063.93,"end":11064.21},{"text":"International","start":11064.21,"end":11064.85},{"text":"Chamber","start":11065.25,"end":11065.57},{"text":"of","start":11065.57,"end":11065.65},{"text":"Commerce,","start":11065.65,"end":11066.05},{"text":"IFAD,","start":11066.05,"end":11066.49},{"text":"and","start":11066.49,"end":11066.77},{"text":"UNDP.","start":11066.85,"end":11067.57}]},{"text":"We have received a very rich set of comments, questions, suggestions from all of you, and we really appreciate the 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listened very carefully to everything that you have been saying, and there were a few questions for clarity, clarifications, and things of that 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just wanted to let you know that we shall look at the various questions that have been put before the COFAX, and we shall revert to you after the PrepCom is 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