7th meeting - Executive Board of UNDP, UNFPA and UNOPS (Annual Session 2025)

Buenos días, colegas. Good morning, colleagues. We will continue with the seventh meeting of the 2025 annual session of the UNDP Executive Board. And for UNFPA and UNOPS, this meeting will take place in line with the rules of procedure of the Executive Board and the approved annual work plan. We will now continue with agenda item 13 under the UNDP segment, the United Nations Capital Development Fund, under which the Board will consider the cumulative review of the UNCDF Strategic Framework 2022 to 2025. and the 2024 Annual Results Report of UNCDF. On the podium, I'm joined by Mr. Haoliang Xu, UNDP Associate Administrator, and Mr. Pradeep Kurukulasuriya, UNCDF Executive Secretary. I now give the floor to Mr. Xu to deliver introductory remarks. Mr. Administrator, you have the floor.

Thank you very much. Mr. President, distinguished members of the Executive Board, UNCDF Executive Secretary, colleagues, on behalf of UNCDF Managing Director, I'm pleased to provide some introductory remarks to the UNCDF agenda item on the cumulative review of the UNCDF Strategic Framework 2022-2025. and annual report on results achieved in 2024. Allow me to make 3 overall observations. First, in light of the growing SDG financing gap for LDCs, SIDS, and other countries in fragile settings, there's a need to do things differently. The NCDF has recognized this. 2024 was a watershed moment for UNCDF. It went through a comprehensive restructuring to refocus on its mandate as a Fund dedicated to providing supplementary financing for economic development, first and foremost in the least developed countries. This reform recognized that, in an environment of declining aid budgets, there is a pressing need to stretch every ODA dollar or euro, to go further, work harder and more catalytically. This is at the core of what the NCDF does. Its concessional loans and guarantees can multiply ODA by unlocking private capital and by redeploying the capital that is repaid. Second, UNCDF's finance capabilities are unique within the UN system, which makes it an essential partner in the wider UN development system. UNCDF is an autonomous organization proudly hosted by UNDP, and the UNCDF of 2025 is especially well-suited to complement other UN entities. The NCDF's financial instruments and its financial structuring expertise, including its ability to deploy blended financing solutions for the last mile, are capabilities other UN entities, including UNDP, do not have. Combining these tools with the thematic expertise of other UN organizations allows the co-creation of financing solutions that reach great scale and impact. The report to the Board includes numerous exciting examples of such partnerships. Third, the NCDF's main role is an enabler for others in the development finance system to do more. The NCDF's role is to de-risk early-stage markets and create the conditions for for crowding in financing from the private sector and the development finance institutions into high-risk markets they would not otherwise be able to serve. To scale up this essential enabling role, the NCDF needs to be supported to increase its balance sheet with unearmarked resources for flexible deployment of critical catalytic Capital. Capital. Core resources are essential to ensure it has the requisite fiduciary capabilities to discharge its functions. An investment of $25 million per year of core resources is what the Executive Board has previously agreed to, an amount which urgently needs to be met. Let me take this opportunity To commend all the staff of UNCDF for their hard work and persistence during a transitional year. With your permission, Mr. President, the Executive Secretary of UNCDF will present the work in 2024 and its future direction. Thank you very much.

Gracias a usted, señor Xu. Por favor, secretario. Thank you very much, Mr. Xu. The Executive Secretary, please.

Thank you, Mr. Chair. Mr. President, distinguished members of the Executive Board, Associate Administrator, Excellencies, good morning. I'm pleased to present the 2024 Annual Report of the United Nations Capital Development Fund, along with a cumulative review of the first 3 years of our Strategic Framework in 2022-2024. Let me first begin by thanking the President of the Board, His Excellency Mr. Andreas Silva, for his leadership, and Mr. Hao-Yang Hsu, UNDP Associate Administrator, for his continued support. I would also like to recognize Master Jaffery, Secretary of the Executive Board. When I addressed you last year around this time, I was in my job for 2 months. Since then, UNCDF has undergone a strategic restructuring, driven by audit recommendations and evaluations. To strengthen its role as a capital-providing fund, first and foremost to the LDCs that we serve, in line with the General Assembly Resolution of 1966, which was further updated in 1974. Today, UNCDF is reinvigorated to fulfill its unique role in the UN development system, that of channeling supplementary capital to countries that are furthest behind in their development aspirations. UNCDF is presently one of only 2 UN entities that can provide financial de-risking with the appropriate instruments needed to stimulate underdeveloped markets. What makes UNCDF different and, to date, underleveraged is that, unlike AAA-rated financial institutions that find it difficult to accommodate more than a 1% expected loss UNCDF can. Why? Because we do not borrow. We have no balance sheet to protect. Our role is to absorb risks that others in finance cannot easily do, and to catalyze development finance that otherwise would escape communities in last-mile conditions. The renewed focus of our mission is simple but vital. To reduce financial risks to unlock investments where capital traditionally does not flow to. This means lifting early-stage innovators and small businesses and fueling economic growth and prosperity for underserved communities in high-risk markets. In today's context, where official development assistance is declining, this mission is more critical than ever. According to Convergence, less than 5%— 5%— of global financial assets are invested in developing countries, with only a fraction of that making its way to least developed countries, most of which are in Africa and small island states. So as we prepare for the 4th International Conference on Financing for Development, UNCDF stands ready to help rethink how development finance can reach the last mile, and how to truly crowd in private capital for development. UNCDF exists to do exactly that. Now, our results in the 2022-2024 period give us reason for optimism. UNCDF has positively impacted the lives of nearly 30 million people in underserved areas. We have enabled access to energy for off-grid communities, expanded digital financial services to unbanked individuals and businesses, and supported climate risk management in vulnerable regions, from small islands to rural Africa. In just 3 years, we have supported over 500,000 small-medium-sized enterprises, exceeding our strategic target. These are job creators in frontier markets and critical in areas with young populations. Our catalytic use of grants, loans, and guarantees, and the technical advisory support that we provide, has mobilized more than $780 million in additional investment against an annual core that has been less than $10 million. We're now better positioned to complement the UN Development System and multilateral development banks aligned with the 2024 Q CPR resolution that calls for greater coherence, synergy, and complementarity among development actors. Let me share two examples of what this looks like in practice. In Nigeria, we have partnered with UNICEF to combat child malnutrition by investing two and a half million in local producers of therapeutic foods. It's not the amount that is important here, but. what this has done. This has not only saved lives, but it has stimulated local agriculture, it has created jobs, and it has reduced resilience— reliance, rather, on imports, thereby reducing the burden on foreign exchange reserves that are scarce. In Afghanistan, UNCDF, together with UNDP and the Resident Coordinator's Office, teamed up to deploy a financial guarantee to unlock more than $7 million of capital for hundreds of MSMEs, critical in a country where SMEs employ 90% of the workforce. Now, to fully realize UNCDF's potential, we have to address 3 key issues. First, we need to scale up our capital investments. In 2024, only a quarter of our resources were deployed as loans or guarantees. This needs to change; it needs to be much higher. Now, we've adopted a new investment policy and process, we've strengthened our digital systems, and we're introducing AI and blockchain technology to be able to deploy smaller amounts of capital more frequently and faster. In crisis settings, which we are working on with UNDP's Crisis Bureau, our goal is to deploy capital in 21 days, making us one of the fastest-moving capital providers to MSMEs in fragile contexts. Second, we need to strengthen our fiduciary oversight in line with our growth ambitions. Our core contributions amounted to less than $7 million, still far short of the $25 million target that the Board has endorsed. Core funds now make up just 6% of our total resources. Constraining our ability to be more strategic, to be more responsive. We also had success on our non-core contributions last year of about $112 million, so I seek the support of the Board to really unlock additional core as well as non-core so that we can augment support to LDCs. I know this is a difficult task in today's context, but it's critical. Third, we are relocating closer to where we operate. We've streamlined our footprint, reducing staff from around 500 to 350, and we are consolidating our operations in Nairobi, Dhaka, and Bangkok, and across LDCs through our partnership with UNDP. We are also in dialogue with member states about potentially relocating our headquarters to further strengthen partnerships with DFIs impact investors and donors who have historically invested the most in UNCDF, including the EU, Germany, Sweden, Switzerland, the UK, and Norway. Now, please allow me to share some thoughts on the path ahead. We have started consultations for our 2026 Strategic Framework. This next chapter will reflect your Member States' demand for a catalytic vehicle to mobilize private sector finance in difficult and challenged markets, first and foremost in LDCs. It will define our role not as a competitor to the MDBs or the DFIs, but as an enabler of a broader development finance architecture where money flows must be to those that most need it. I'm encouraged by the growing recognition of our unique value proposition. UNCDF is now working along partners such as UNDP, UNV, UNICEF, WFP, the International Finance Corporation, Mitsubishi Financial Group, Standard Chartered, and insurance leaders like Aon and Lloyd's. We are also advancing our EU Pillar assessment, on track to become the second UN entity to access the EU gateway for the deployment of guarantees. We have momentum, but to meet the scale of the challenge, UNCDF must be properly capitalized with larger volumes of flexible, unearmarked resources. This is a moment of transformation, not just for UNCDF, but for how the UN system meets the needs of the world's most vulnerable economies. As the Associate Administrator has noted, a dollar invested in UNCDF is recycled, leveraged, and multiplied, reaching where others cannot. Excellencies, I end by thanking the Executive Board for your steer in these formal settings, as well as outside. I would also like to reiterate an appeal for your continued support, financing, advocacy, and strategic collaboration to help LDCs unlock their potential through UNCDF's catalytic mandate. I also thank staff of UNCDF for their perseverance over the last 12 months. As Nelson Mandela once As I said, it always seems impossible until it's done. Thank you for your confidence in UNCDF.

I thank the Executive Secretary. Thank you, Mr. Executive Secretary, Mr. Kuruku Lasaria. Now I open the floor. You all know the protocol. It's 5 minutes for statements on behalf of groups of countries, 3 minutes for statements in your national capacity for individual countries. So with that, I would like to open the floor and give it to Luxembourg, who will be speaking on behalf of a group of countries. Luxembourg, you have the floor.

Thank you, Mr. Chair. Thank you, Mr. President. I deliver this statement on behalf of Burundi, Cabo Verde, Georgia, Republic of Korea, Kingdom of Lesotho, Malawi, Moldova, Nepal, Niger, Rwanda, Switzerland, the United Republic of Tanzania, Timor-Leste, Türkiye, Vanuatu, and my own country, Luxembourg. We would like to begin by recognizing the unique mandate of UNCDF within the UN development system and beyond. UNCDF occupies a singular space, working to increase financing flows and catalyze essential investments in least developed countries and small island developing states, countries that too often find themselves excluded from capital markets due to inherent risk profiles and underdeveloped financial ecosystems. Since its creation in 1966, UNCDF has been working to fill this pivotal gap by contributing strategically and practically to our shared commitment to leave no one behind. Today, we reaffirm the uniqueness and importance of this mandate, which remains as relevant as ever. Having looked at the report shared with the Board, we wish to raise the following points. We welcome the report's emphasis on UNCDF's increased engagement in joint programming with other UN agencies. This is a direction we fully support. As we all know, joint programming not only ensures greater UN-wide efficiency, but also enables the leveraging of comparative advantages across across the system. In this regard, we are keen to learn how UNCDF is planning to further expand these efforts and how these will be reflected in the formulation of the next strategic plan. We are interested in understanding how UNCDF is envisioning strengthening its comparative advantage and role as a financing enabler and de-risker for the UN development system to help unlock greater resources, particularly in countries in special situations. Building on this, We believe partnerships should be central to UNCDF's operating model. The Center for Global Development has highlighted the gap between grant-based development finance and market-oriented impact investing, which UNCDF is uniquely positioned to help bridge. Achieving this requires a deliberate strategy to engage both grant-driven UN entities and profit-seeking development banks. We therefore welcome the strengthened emphasis on partnerships in UNCDF's updated mission and look forward to an update on the implementation of the midterm review's call for a comprehensive partnership strategy. In addition, we see a role for UNCDF in catalyzing private investment with its range of instruments. Closely related to this, we also see an important opportunity for UNCDF to play a leading role in shaping the global development finance agenda. We encourage UNCDF to engage proactively with the preparations of the FFD4 conference, and to integrate the outcomes of FFD4 meaningfully into the formulation of its next strategic plan. Given the urgent funding constraints UNCDF faces, we would also like more clarity on how the organization plans to address its funding shortfall. The sustainability of the Fund is clearly at risk, and it will be unavoidable to set priorities in the next strategic plan. We would appreciate more detail on how UNCDF plans to engage more systematically with partners outside of Executive Board sessions, We call for the development of a well-targeted and realistic resource mobilization strategy. Rebuilding trust will be a crucial part of this process. While we commend the completed internal reforms, more is needed. UNCDF must demonstrate how its updated mission and vision will translate into focused, practical activities. Strengthening monitoring systems and results-based reporting will be essential to this effort. Additionally, the Fund must invest in clear, transparent communication to ensure its work is visible and well understood. Both within the UN system and among external partners. Looking ahead, we would also like to hear more about how UNCDF envisions its role within the UNAID initiative. Does UNCDF consider it essential to retain its status as a standalone fund? And finally, it has already been addressed, but we observed that other UN agencies are relocating operations to be closer to the communities they serve and to enhance operational efficiency. How does UNCDF plan to bring its presence closer to the LDCs and SIDS that are at the heart of its mandate? We also raise this question in the context of UNDP's annual contribution to UNCDF, which we understand currently covers administrative costs amounting to about $3 million, and which is also set to decrease. Thank you very much.

Thank you, Luxembourg. I now invite Nepal to take the floor on behalf of the LDCs. Nepal, you have the floor.

Thank you, Mr. President. Mr. President and CDF Executive Secretary, Excellencies, distinguished delegates, I have the honor to deliver these remarks on behalf of the group of the LDCs. I would like to begin by commending The UN Capital Development Fund for its consistent focus on the LDCs and a strong commitment to implementing Doha Programme of Actions. I also welcome the report presented by the Board today. It provides a good overview of the results achieved by the UNCDF so far under its current strategic framework. The report illustrated well how UNCDF The CDF plays a unique role in the UN development systems with its focus on financing solutions that mobilize additional resources for development, increasingly from domestic private financial institutions. It is encouraging to see that UN CDF has helped unlock some $780 million in private and public finance over the period. There is no alternative to a vibrant domestic private sector to generate higher rates of economic growth, and it is the only sustainable way to bring more financing into our national systems. Blended finance is essential to help LDCs mobilize these investments. To unleash higher growth rates, much more catalytic financing support as provided by UNCDF is needed. With its distinct expertise in the financing field, UNCDF can play a crucial role in supplementing existing resources of capital assistance in the LDCs. The prospective contributions by the UNCDF in graduating LDCs like my own country Nepal is equally critical since they require additional resources to adjust and transition from LDC-specific benefits and stronger financial foundations to sustain their development efforts in a rather challenging international economic landscape. UNCDF's support in transitioning LDCs is particularly indispensable to invest in planning, financing strategies, and institutional capacity at the local level, to facilitate and strengthen fiscal decentralizations, to strengthen local government capacities on climate change adaptations and public financial management, to provide early-stage catalytic capital to de-risk investment and crowd in more financing from the private sector as well as development banks, to facilitate local infrastructure development and SME financing, which are key to our graduation pathway and long-term resilience. As we look ahead to the 4th International Conference on Financing for Development, we see UNCDF as an important enabler of the national efforts to mobilize more private sector investment for economic development. Only by growing our economies, will our countries be able to enhance domestic resource mobilizations significantly and gradually decrease dependence on aid. We also emphasize UNCDF's important role in helping to deliver on the Doha Programme action, including by catalyzing financing in the important areas that drive structural transformations of LDCs economies and addressing climate change and environmental degradation. As a mechanism dedicated specifically to support the LDCs, we believe that UNCDF needs to be significantly strengthened so that it can deliver fully on its mandate to better complement other development finance institutions. UNCDF's role as a provider of early-stage catalytic capital to de-risk investment and crowd in more financing from the private sector as well as development banks is indispensable. We note with concern that UNCDF's resource base has not grown significantly in recent years. Our group therefore calls on the international community to work closely with UNCDF, the Group of LDCs, and other partners to find innovative ways to provide UNCDF with adequate catalytic and concessional investment capital. To conclude, Excellencies, the group of LDCs looks forward to continued and strengthened collaboration with UNCDF as it designs its next strategic—

Thank you very much, Nepal. We will now begin the individual statements starting with Vanuatu who will be followed by Malawi. Vanuatu, you have the floor.

Vanuatu thanks the Executive Secretary for this presentation and welcomes the cumulative review of the UNCDF strategic framework and the 2024 results report. Vanuatu values the strong alignment between UNCDF's mandate and the pressing needs of Pacific nations. In a region where climate shocks, economic volatility, and limited access to finance continue to constrain development, we see in UNCDF a trusted and practical partner, one that is willing to engage where it matters most at the local level and with a long-term perspective. We are particularly encouraged by UNCDF's role in establishing the Sustainable Pacific Blue Circle Fund in collaboration with UNDP and the European Union. By combining grants, technical assistance, and direct deployment of catalytic financial instruments, the fund offers a promising model for unlocking investment in sectors that are vital to our resilience, especially small and medium-sized enterprises that are too often excluded from traditional financing channels. Vonatu looks forward to working closely with UNCDF to ensure the Fund delivers tangible benefits on the ground and supports national efforts to build a more inclusive, climate-resilient economy. We also welcome the Fund's potential to serve as a regional platform that can amplify local innovation and expand access to finance across the Pacific. In this regard, Vanuatu strongly supports the continued expansion of UNCDF's presence and engagement in the region and appreciates its responsiveness to the specific challenges of SIDS. Thank you.

Thank you very much, Vanuatu. We next have Malawi, followed by Burundi. Malawi, please.

Mr. President, board members, Excellencies, Malawi aligns itself with the statement delivered by Luxembourg and the statement delivered by Nepal on behalf of the LDCs, and I make this statement in my national capacity. We take this opportunity to reaffirm our strong support to the UNCDF and its indispensable role in advancing sustainable development in the world's most vulnerable countries. As LDC, Malawi has directly experienced the value of UNCDF's unique mandate. The Fund has been a critical partner in supporting local development finance, strengthening financial ecosystems, and promoting inclusive growth. Particularly through initiatives that target women, youth, and underserved rural populations. We particularly commend UNCDF's continued support to Malawi through the Local Climate Adaptive Living Facility, which has enhanced our national and local capacities to finance climate resilience initiatives. Promoting financial inclusion and the digitalization of financial services, and support to youth entrepreneurship and MSME development, which are key drivers of our economic transformation agenda, and technical assistance in improving domestic resource mobilization and public financial management systems. We welcome the findings of the cumulative review of the 2022-2023 5 strategic framework and support the call to further strengthen UNCDFC's role as financing enabler and de-risking partner within the UN development system. Malawi shares the concerns expressed regarding UNCDFC funding constraints. The sustainability and reach of the fund are at risk, and we therefore echo the call for a realistic and well-targeted resource mobilization strategy. As we look forward to the 4th International Conference on Financing for Development, Malawi encourages UNCTF to actively engage in shaping its outcomes and to ensure that the needs of LDCs remain central to the global development finance agenda. Finally, we support efforts to bring UNCTF closer to the communities it serves. We believe the Fund should maintain its status as a standalone entity. Mr. Chair, Malawi reiterates its full support for UNCDF's mission and stands ready to continue working with all partners. Thank you,

Malawi. Burundi has the floor, followed by Eritrea. Mr. President,

it is with deep gratitude that we take part in this session of the Executive Board of the UNCDF. We commend the excellent cooperation between the government of Burundi and the UNCDF, a fruitful cooperation that has been seen many times during our many meetings and exchanges. This exemplary cooperation shows our common commitment to sustainable development, the prosperity of our populations. Burundi welcomes the presentation of the cumulative review of the strategic framework of UNCDF for 2022-2025, as well as a report on the results achieved in 2024. We commend the UNCDF's strategic reorientation, which remains true to its founding mission, all while adapting to the financial and social realities of countries in special situations such as ours. This revamped approach based on impact and transformation represents a significant step towards more inclusive and sustainable development. We also wish to highlight the essential support of the UNCDF in the implementation of the Peace Sanctuary and Kibo Kibara Forest Projects under the Nature Investment Facility. This exemplary partnership between the UN, civil society, and the private sector shows that mixed financing can be an effective lever to promote peace, the conservation of biodiversity, and local economic development. Through this initiative, the local communities, including the Batwa, were actively involved in improving our cultural heritage, creating jobs, and in raising the awareness of chimpanzee conservation. Moreover, revenue-generating activities have been developed, particularly through mushroom farming, which offer new opportunities for sustainable economic empowerment. Moreover, we commend the UNCDF's investment into the Mpanda Hydroelectric Project, which illustrates its ability to make high-impact projects more bankable through innovative mechanisms such as paying for ecosystem services. This tool has led to the durability and financial autonomy of communities. This is a strong model to be followed. Finally, Burundi reaffirms its support for the ambition of the UNCDF to act as a catalyzing platform for investments in the most vulnerable countries. We invite technical and financial partners to join us in this dynamic and in this promising dynamic which has the potential for equitable and sustainable transformation. Remain convinced that this collaboration will build a future for all. Thank you, Burundi.

We have Eritrea and then Barbados. Eritrea, please. Good morning, Mr. President,

distinguished members of the board. Eritrea warmly appreciates the Executive Secretary of UNCDF for their comprehensive and insightful presentation of the Strategic Framework's Cumulative Review, as well as the report highlighting the Fund's concrete achievements in 2024. Eritrea deeply values the Fund's unwavering dedication to its founding principles and its strategic evolution to better support countries in special situations. This alignment demonstrates its ability to adapt to the realities is facing least developed countries, small island developing states, and other countries in fragile situations, where innovative financing can be a game changer in overcoming structural barriers and unlocking resources for sustainable progress. In this regard, we're especially encouraged by the Fund's ongoing scoping mission to Eritrea. This initiative aims to align UNCDF's distinctive mandate with Eritrea's national development priorities and it comes at a pivotal moment. Eritrea continues to pursue self-reliant growth guided by long-term national goals, while facing real constraints in accessing traditional development finance. Eritrea is precisely the kind of country for which the UNCDF was created. It's a country with strong national ownership, policy coherence, and a clear development vision rooted in dignity and self-reliance. Strategic, targeted interventions by UNCDF can make a truly catalytic difference, unlock latent potential, and reinforce a path to resilient, inclusive development. We're not asking for charity, or do we need dependency. It's seeking principled partnerships that respect its sovereignty and work alongside its nationally defined priorities. In this context, UNCDF The UNCDF's tools, particularly bridge financing and risk-tolerant capital, can play a vital role in mobilizing private investments, especially in our deeply engaged diaspora. The Eritrean diaspora has a proven track record of contributing meaningfully to national development, and the country's positive experience with diaspora bonds provides a solid foundation to scale and innovate financial instruments. Mr. President, the current global landscape is marked by profound uncertainty, and we call— we encourage and appeal to member states and development partners to reinforce the Fund's financial and political support, enabling it to scale its impact and remain a vital catalyst for sustainable development where it matters the most. We also encourage greater synergy between UNCDF and UN agencies, particularly through enhanced joint programming. Eritrea urges enhanced support for the Fund's Trust Fund and strategic direction, which will empower— Thank you very much, Eritrea.

Next, we will hear from the Permanent Representative of Barbados, please. Thank you very much, Mr. Chairman,

distinguished members of the Board, Executive Secretary. Let me begin by thanking you for the opportunity to say a few words here today on this topic and also by thanking the Executive Secretary for his excellent report. Colleagues, Barbados is deeply aware of the importance of deeply concerned by the persistent structural inequities within the global financial architecture. The vulnerabilities of countries like mine to the increasing frequency of climate-related shocks, facing limited access to concessional finance— these are results not of our own policy failures, but rather the consequence of structural asymmetries that disproportionately affect Small Island Developing States and other vulnerable countries. In this context, Barbados warmly welcomes the strategic repositioning of UNCDF to better serve countries in special situations, such as my own. We have been making, under the umbrella of an initiative called the Bridgetown Initiative, an argument in favor of the broad reform of the international financial architecture. We appreciate UNCDF's alignment with these ideas, particularly with regard to unlocking affordable long-term finance for sustainable development, deepening insurance markets to respond to climate shocks, and crowding in private capital where it is most needed. This kind of financial innovation is extraordinarily important in the context that we face, in the development financing crisis that we face. It is not the only answer, but it is an important part of the broader answer. We also welcome more specifically UNCDF's role as host of the Global Fund for Coral Reefs and its interest in exploring opportunities to support reef-positive investment in Barbados and in the Caribbean. Such collaboration has the potential to complement our broader commitments to sustainable tourism, marine protection, and blue economy innovation. As we approach the 4th International Conference on Financing for Development, and as we implement the Antigua and Barbuda Agenda for SIDS, UNCDF has a critical role to play, and we encourage partners to enable deeper engagement of SIDS through the replenishment of the UNCDF Trust Fund. And if I may, in conclusion, echo the query from my distinguished colleague from Luxembourg in asking the Executive Secretary to elaborate further on the resource mobilization strategies that he and his team will employ going forward in these complex circumstances. Thank you, Chairman. Thank you. In line with the established

practice, we have now finished the group, the list of permanent representatives. So now we will move on to Sierra Leone, who will be followed by Fiji. Sierra Leone, please. Thank you, Mr. Chair. Sierra Leone expresses

its profound appreciation to the United Nations Development Programme, United Nations Population Fund, and UNCDF for their commendable contributions to the development aspirations of least developed countries, small island developing states, and countries in special situations through targeted financial programmes and technical assistance aimed at advancing the Sustainable Development Goals. We support the focus of the UNCDF in accelerating public and private financing mechanisms and its unique role as a financial enabler and de-risker within the United Nations ecosystem to help unlock additional resources in support of implementing the 2030 Agenda and achieving the SDGs. Leaving no one behind necessitates collective actions from multilateral agencies, cooperative organizations, investors, and bilateral partners to provide the much-needed development finance to achieve the SDGs. Both private and public sector financing are crucial in leveraging the SDGs, and UNCDF is well positioned to implement inclusive, targeted financial support to developing countries under the Doha Programme of Action. For example, during the 2024 review of the Strategic Framework, UNCDF impacted approximately 30 million individuals in the riskiest parts of the world during the Strategic Framework period 2022 to 2025. This was made possible through various financing— financial products, advisory services, and local infrastructure-related investments designed to attract capital to where it is most needed. LDCs' and SID economies often face constraints in accessing affordable financial packages in the form of loans and credit. Therefore, UNCDF's unique investment approach with targeted support to micro, small, and medium-sized enterprises are of significant value. In Sierra Leone, the Salon Access for Finance initiative has strengthened access to finance for small and medium-sized enterprises, especially in underserved rural areas, by bringing capital closer to those traditionally excluded from formal financial systems, UNCDF is contributing to local economic development and job creation in a tangible way. The need for more stable and tailored financial mechanisms— I thank Sierra Leone. Next, we will hear from

Fiji, who will be followed by Haiti. Fiji, please. Thank you, Chair, and through you, we thank the

UNCDF Executive Secretary for his report. Fiji welcomes the cumulative review of the Strategic Framework and the report of the results achieved by the UNCDF in 2024, and we commend the Executive Secretary for reaffirming UNCDF's commitment to countries in special situations, such as SIDS. Fiji continues to benefit from UNCDF's programming, in the Pacific region, and in 2024, we saw the innovative deployment of parametric insurance solutions through the Pacific Insurance and Climate Action Program. These solutions have strengthened the resilience of our most vulnerable communities against extreme weather events, and with the support of multiple development partners, over 26,000 people across the Pacific, including in Fiji, have gained access to weather risk insurance. Of particular note is the inclusion of anticipatory action features, which enable early payouts before insurance strikes, helping communities prepare and respond more effectively. In this regard, we also welcome UNCDF's commitment to inclusive development. The Fund's honest reflection of the need to expand outreach to persons with disabilities both timely and is necessary. Fiji considers this as an essential component of building truly inclusive and equitable resilience systems. Furthermore, we applaud UNCDF's leadership in launching the Sustainable Pacific Blue Circle Fund, a joint initiative with UNDP, and the Fund marks an important step for mobilizing private sector finance for micro, small, and medium enterprises across the Pacific, including Fiji, which is actually more or less aligns with the Antigua and Barbuda agenda for SEEDS and our national development plans. We are of the view that countries need to capitalize on that and present initiatives that can be further developed and scaled up, such as village disaster management, integrating village profile data, including waste management programs and more. Looking ahead, we encourage UNCDF to continue to strengthen local implementation capacity in Fiji, including the Pacific at large. and invest in national ownership, including aligning with the upcoming FFD4 and UNOC3 Declaration. With this, Fiji calls for Member States and partners to continue to support the Fund by all means possible. Noting the critical role of the Fund, we will be keen to learn more, therefore, of UNCDF strategies to continue to mobilize and attract sustainable funds for this cause in the medium to long term. In closing, Fiji reaffirms its support for UNCDF's role as a catalyst investor and trusted partner in delivering resilience that will make the difference. Thank you. Gracias, Fiji. Thank you, Fiji. We have Haiti, followed

by Lesotho and Zimbabwe. Haiti has the floor, please. Thank you, President. Sir, my delegation supports the

statement made by the representative of Nepal on behalf of the LDCs and would like to speak in its national capacity. At the outset, I would like to commend the organization of this session of the Executive Board of the UNDCF and also thank the Executive Secretary for the presentation of his excellent report. We welcome the progress made by the UNCDF in the results achieved in 2024 through their role as an investment facilitator, and we commend it for having continued its approach to investment focused on countries in special situations, including mine, Haiti, by prioritizing them in their mandate. Here, Haiti commends the commitment of the UNCDF in promoting catalytic financial instruments, in particular guarantee mechanisms that can support national economies, reduce risk, and attract as much private capital as foreign investment. These solutions can play a key role in diversifying sources of financing and supporting such crucial sectors as education, healthcare, renewable energy, resilient agriculture, or access to drinking water, so as to leave no one behind and to progress towards the accomplishment of the SDGs. We also recognize the focus made by the UNCDF on supporting SMEs, in particular those led by youth and women. In our context, these stakeholders represent more than half of the population and are the active portion of the population of our country. They also work towards innovation and resilience. Nevertheless, they're facing significant obstacles in accessing finance on top of a high rate of unemployment. Structured and adapted support could improve their growth and consolidate the socioeconomic framework of our country. Here we call for a greater support from the UNCDF so as to allow our— this institution to effectively extend its presence in countries like ours where the needs are very significant but resources remain limited. We encourage the UNCDF to continue to execute execute its mandate, which aims at assisting countries to reduce risks and overcome vulnerabilities in accordance with priorities defined by governments in Article 1 of Resolution 72279. In this sense, increased support would contribute to improving more equitable financing, accessible and aligned with our national priorities. I thank you. Thank you. Next, we have Lesotho, Zimbabwe, and then the

Republic of Korea. Lesotho, please. Mr. President, UNCDF Executive Secretary, distinguished

members of the Executive Board, ladies and gentlemen, this statement is aligned to those delivered by Nepal on behalf of least developed countries and Luxembourg on behalf of a group of countries. At the outset, we commend UNCDF's progress in implementing its strategic framework and for remaining firmly focused on LDCs and delivering on its original capital mandate as defined by the General Assembly. In line with Lesotho's aspiration of a private sector-driven and employment-creating economic growth, we appreciate the importance of investment approaches that are both inclusive and responsive to the specific constraints of frontier markets. We therefore welcome UNCDF's ability to operate in context where traditional capital rarely flows due to high perceived risk and small market sizes, including in landlocked countries like ours, where remoteness and infrastructure deficits also compound the cost of capital. In Lesotho, we appreciate UNCDF's ongoing support to finance and build capacity for local climate adaptation in 10 of the 65 local community councils. We also appreciate UNCDF's recent support to catalyzing investments in renewable energy-based mini-grids and energy centers in the country. As we move towards implementation of the next FFD4 agenda, this is a critical time and opportunity for UNCDF. In Lesotho's inputs to the FFD4 process, we have consistently emphasized the need for a greater focus on many of the areas and solutions that UNCDF supports. For example, in addition to enable investment environments in the long term, there is an urgent need for short-term incentives to stimulate private sector participation, such as greater access to grants and concessional finance for small enterprises in strategic sectors. As such, we have called for greater availability of de-risking funds, strengthening of domestic financial institutions to support local currency lending, and promotion of national credit guarantee schemes to underwrite early-stage risk in high-impact sectors. Such mechanisms would significantly help address the perception of risk that deters private investment in small economies like ours. UNCDF is well suited to perform these strategic roles, and Lesotho is in discussion with UNCDF to explore expanding this type of collaboration. However, the Fund's limited unrestricted resources make it challenging to establish a systematic and strategic collaboration to catalyze investments in Lesotho's economic development. We therefore encourage development partners to find new ways to allocate the catalyzed investment capital Fund needs to support economic development in LDCs in a meaningful way. I thank you for your attention. Thank you. Thank you, Lesotho. We'll have Zimbabwe next, please.

At the outset, I wish to convey our gratitude for this opportunity

to share our perspectives during this formal session. Zimbabwe thanks the Executive Secretary for the presentation of the cumulative review and 2024 results. We commend UNCDF for the clarity and consistency of its renewed strategic direction, one that responds with pragmatism and ambition to the financing realities faced by developing countries such as Zimbabwe. Zimbabwe values UNCDF's unwavering support, which in 2024 culminated in a joint partnership with UNCDF and the Joint SDG Fund in establishing Zimbabwe's first national renewable energy fund. This initiative reflects a catalytic approach, crowding in domestic capital, building confidence among private investors, and strengthening the foundation for long-term, locally driven investment. We particularly value UNCDF's commitment to working through national institutions and to supporting local fund management, which contributes to greater ownership, accountability, and sustainability. The launch of this facility, with an initial $3 million disbursement, Now rivaled to $10 million, has already begun unlocking viable high-impact energy projects as well as new investment partnerships. In addition to presenting viable investment opportunities, the fund is providing a platform for us to advance the 2030 Agenda for Sustainable Development in a socially and environmentally responsible manner, with a strong focus on projects that are gender and climate sensitive. Yeah, the REF is expected to complement government efforts towards ensuring universal access to clean energy by 2030 and to build a resilient energy ecosystem for future generations. This collaboration is the kind of strategic, high-trust engagement we believe the international system needs more of. Zimbabwe sees UNCDF as a key partner in supporting structural transformation, particularly in areas where traditional financing remains limited or inaccessible. I wish to reiterate our commitment to continuing this partnership as the Fund grows and as Zimbabwe advances its broader agenda for inclusive, climate-resilient growth. In conclusion, Zimbabwe looks forward to the adoption of the UNCDF Strategic Framework for 2026 to 2029, which we are confident will position the UNCDF to continue effectively responding to the financing needs of developing countries in alignment and support of the national development priorities. I thank you. Thank you, Zimbabwe. We'll have the Republic of Korea, then Indonesia

and Uganda. The Republic of Korea, please. Gracias, señor presidente. I would also like to thank the Associate

Administrator and the Executive Secretary for their comprehensive statement. We welcome the UNCDF's renewed focus on countries in special situations and the reaffirmation of its unique mandate centered on unlocking finance where it is most needed, yet most scarce. In the aftermath of the Korean War, the Republic of Korea lacked functioning capital markets and the enabling environment for private investment for economic growth. This is why we deeply understand the importance of developing financial systems that foster private investment. UNCDF operates at the frontier of investment, where capital markets remain underserved, risk perceptions are high, and development impact is critical. We note that UNCDF enables entities to access finance by leveraging catalytic capital to induce private investment, thereby driving sustainable development impact. We particularly appreciate UNCDF's effort to design and deploy blended finance instruments and de-risking tools that can mobilize private capital in alignment with the national development priorities. These solutions are essential to bridging the persistent financing gaps faced by LDCs, SIDS, and countries in fragile contexts. We look forward to further collaborating with UNCDF and its partners to identify synergies and pathways for strengthened cooperation in the years ahead. I thank you. Thank you to the Republic of Korea. We will next hear from Indonesia,

then Uganda and the Solomon Islands. Indonesia, please. Thank you, Mr. President. Also, thank you to the Associate Administrator

of UNDP for his remarks. Indonesia extends appreciation to the Executive Secretary of the UNCDF for the presentation of the cumulative review and the report on results achieved in 2024. We welcome the continued efforts of UNCDF to align its operations with the specific needs of developing countries, including through advancing innovative financing mechanisms for sustainable development. In this connection, Indonesia notes with appreciation UNCDF's role in supporting the Global Fund for Coral Reefs, including its contribution to the successful structuring of the first debt-for-nature swap focused on coral reef conservation in Indonesia. This reflects Indonesia's leadership in advancing innovative nature-based finance aligned with national priorities. The project has contributed to a $35 million debt reduction, showcasing the potential of blended finance to simultaneously address fiscal space and biodiversity loss, advancing SDG 14, SDG 13, and SDG 17. It also offers a scalable model for other developing countries facing similar financing challenges and climate pressures. We also note UNCDF's role in launching the Blue Finance Facility, which channels capital into reef-positive enterprises, across Indonesia and other coastal nations. This initiative aligns with Indonesia's national vision for a resilient blue economy and contributes to SDG 8, SDG 12, and SDG 14. Designed in partnership with national partners, this mechanism complements public finance and helps unlock private investment in priority sectors such as marine biodiversity, sustainable tourism, and blue carbon. Indonesia supports the continued expansion of such strategic and innovative initiatives and underscores the importance of ensuring they remain aligned with national development priorities and respect national sovereignty. We look forward to further engaging with UNCDF as we explore scalable, locally anchored financing solutions to protect our marine ecosystems and support sustainable livelihoods. as well as to drive the 2030 Agenda forward, leaving no one behind. Thank you. Thank you, Indonesia. Uganda, please. Mr. President, distinguished delegates,

Uganda thanks the Executive Secretary

for the presentation of the Cumulative Review and the 2024 Results Report. We also thank the UNCDF for its continued efforts to reposition itself in alignment with its original mandate, focusing on delivering catalytic finance where market gaps persist, and doing so in ways that are context-specific and country-owned. We acknowledge the depth of collaboration with UNCDF across a range of thematic areas. In 2024, we witnessed meaningful progress through the implementation of initiatives such as the Financing Durable Solutions for Forcibly Displaced People project, which combined financial literacy, concessional lending, and subnational revenue enhancement. These efforts are helping to shift the approach to displacement from temporary relief to long-term development, with tangible outcomes from the for both refugee and host communities. In addition, we recognize the UNCDF's support in developing Uganda's subnational public-private partnership guidelines and in piloting inclusive policy frameworks for urban refugee management. These contributions are not only technically relevant, they are institutionally significant, enabling local governments to plan, finance, and deliver services more sustainably. We also acknowledge UNCDF's investments in digital platforms for rural producers, such as the New Wave Venture Pilot, which is— with its unlocking access to markets and finance for thousands of smallholder farmers and MSMEs in northern Uganda. Similarly, the partnership with UGA Forward, backed by UNCDF's Loan Guarantee Facility has expanded financial inclusion in refugee settlements and host communities, catalyzing enterprise development. In conclusion, we view these efforts as aligned with our national development priorities and appreciate UNCDF's model of working through local systems to strengthen long-term resilience and economic opportunity. We look forward to continued engagement with the Fund to deepen its approach and scale its impact. Thank you. Gracias, Uganda. Thank you, Uganda. Permanent Representative of Solomon Islands,

you have the floor. Mr. President, Excellencies, distinguished delegates, at the outset, Solomon Islands

expresses sincere appreciation to the Executive Secretary for presenting the UNCDF cumulative review of the Strategic Framework 2022 to 2025 and the annual report on the results for 2024. We acknowledge UNCDF's continued focus on collaborative efforts, in particular to address structural inequalities in access to finance, which remain a significant challenge for LDCs and sits in including my own country. Mr. President, geographic isolation and market constraints continue to hinder financial access, making UNCDF's tailored initiatives invaluable. UNCDF's efforts play a critical role in bridging gaps and fostering resilience. In 2024, Solomon Islands has collaborated with UNCDF to launch and expand the telecom MCLN Mobile Money Service. The MCLN Money Service has greatly contributed to Solomon Islands' pursuit for greater financial inclusion, particularly for rural and remote communities that have long faced barriers in accessing financial services. In this regard, the service has gained success by enabling over 231,000 new users to mobile financial services. Such achievements— such achievement highlights transformative impact of digital innovation in a nation like ours, where connectivity is key to bridging economic disparities and fostering sustainable, inclusive growth. Furthermore, we welcome UNCDF's partnership with UNDP on the Sustainable Pacific Blue Circle Fund initiative, an initiative that holds immense promise for fostering inclusive, sustainable economic growth while also strengthening resilience against extreme weather events. We look forward to the continued collaboration and tailored efforts to strengthen partnership with UNCDF and development partners to improve digital finance ecosystems that empower communities and build sustainable economic opportunity for all. I thank you. Gracias, Isla Solomon. Thank you to the Solomon Islands. I'll next give the floor to Jamaica,

who will be followed by Tanzania and the Netherlands. Jamaica, you have the floor. Thank you, Mr. President. Jamaica thanks the Executive Secretary for the presentation of

the cumulative review and 2024 results. We commend the Fund's strategic reorientation, which reaffirms its historic mandate and is responsive to the unique financing challenges faced by countries in special situations. As a Small Island Developing State, Jamaica welcomes UNCDF's deepening engagement with the SIDS agenda. We note with interest the Fund's efforts to address systemic barriers to investment through targeted financial instruments, particularly in high-risk, low-access markets. The prioritization of resilience over creditworthiness and the commitment to unlocking capital for climate-vulnerable economies represents an important and timely shift. We also recognize the Fund's focus on bridging the persistent financing gap for small and medium-sized enterprises. In our national context, SMEs are central to inclusive and sustainable growth, yet too often face structural exclusion from financial markets. UNCDF's ability to design instruments that meet the scale, risk profile and sectoral priorities of these enterprises is of particular relevance to our development goals. Jamaica places high value on UNCDF scale-up potential with its unique ability to deploy blended finance and to de-risk markets and crowd in finance for developing countries, as it addresses a critical gap in the financial architecture that seriously hampers our ability to accelerate progress towards the achievement of the SDGs. Mr. President, on our ongoing collaboration— building on our ongoing collaboration, rather, under the Local Climate Adaptive Living Facility, Jamaica looks forward to continued dialogue with UNCDF on how its investment mandate can be further leveraged to advance sustainable development and climate resilience, both nationally and across the Caribbean region, in close coordination with the wider UN development system and regional mechanisms. Thank you. Thank you, Jamaica. Tanzania, followed by the Netherlands. Tanzania, please. Thank you, Mr. President.

Tanzania commends UNCDF for the strong implementation of its strategic

framework and for the commendable achievements recorded in 2024. The report presented today provides compelling evidence of UNCDF's catalytic role in unlocking sustainable development finance and in fostering resilient and inclusive growth in countries most in need. In case of Tanzania, we deeply value UNCDF partnership, which has tangibly supported our national development priorities. Through the Inclusive Digital Economy Program, UNCDF has helped strengthen the digital capacity of over 50 microfinance institutions in Tanzania. This is improving access to digital financial services for the low-income and and bank communities, advancing our goal of inclusive financial inclusion. Moreover, we welcome the pioneering support provided by UNCDF under the Alternative Project Financing Initiative, which culminated in the successful issuance of the Tanga Water Infrastructure Green Bond, the first subnational green bond in East Africa. This groundbreaking initiative mobilized over $20 million for sustainable water infrastructure and is now serving as a model for replication across other Tanzanian municipalities. In the area of clean cooking, the CookFund project implemented in collaboration with UNCDF, FAO, and the UNIDO supported nearly 30 enterprises and created over 1,000 jobs, more than half of which are held by women. These interventions directly contribute to our efforts to ensure environmental sustainability, improve health outcomes, and boost local economies. Mr. President, as we approach FFD4 in Cebu, we recognize UNCDF's critical role in closing the investment gap through de-risking investments and leveraging private capital. We believe that UNCDF's mandate to work at the last mile and invest in countries in special situations, we must reinforce through enhanced and predictable resources. We therefore join others in calling upon developed partners to support UNCDF with the catalytic and concessional capital it needs to scale its impact and help countries like Tanzania achieve the SDGs. In conclusion, Mr. President, Tanzania welcomes the continued partnership the UNCTAD and encourages sustained investment in country-led solutions that promote inclusion, resilience, and economic opportunities, especially for those traditionally left behind. I thank you, Mr. President. Thank you, Tanzania. Next, we have the Netherlands, followed by Thailand, Nigeria, and then Azerbaijan.

The Netherlands, please. Thank you, Mr. President, Mr. Executive Secretary. The Kingdom of the Netherlands congratulates UNCDF

with the results achieved during the period 2022-2025. For a small entity, its results are remarkable. We are particularly impressed by the $780 million that UNCDF catalyzed for the SDGs, with only $8 million core funding per year. It's a reminder of the power of core in the UNCDF context, and we reiterate the call on others to support UNCDF also with flexible resources. We would like to thank you for steering the organization into calmer waters and restructuring the organization to deliver more efficiently. Please extend our appreciation also to your staff for their important work. The 2022-2025 results confirm UNCDF's relevance, operating in a space that is too large for microfinance and too small for traditional multilateral development banks and development finance institutions, a space with a strong need for scaled-up financing for job creation and market development. We see both opportunity and risk in the context of constrained funding of the UN. On the one hand, there is increased scope for UNCDF to further leverage other UN entities in the most difficult contexts. On the other hand, the demand for UNCDF services and instruments might become too high for a small organization. How will you balance and assess demand versus capacity? And we look forward to seeing UNCDF's comparative advantage and envisioned scope of operations clearly reflected in your draft Strategic Framework. We would also welcome further reflection on the various targets that UNCDF has not achieved, for example, on job creation, mobilization of public finance, and gender. In general, it seems as though UNCDF operates with many indicators and targets. Looking ahead, would there be an opportunity to bring more strategic focus to UNCDF's projects portfolio to minimize fragmentation and simplify the framework and mechanisms that steer you? Looking ahead to UNCDF's upcoming 2026-2029 strategy, we note the intention to integrate the Investment Advisory Initiative throughout UNCDF. What lessons, both positively and negatively, have you learned from the initiative, And how will these be incorporated in the new strategic framework and throughout the organization? Let me conclude by reiterating our continued support for your important work, Mr. Executive Secretary. Thank you. Gracias, Países Bajos. Tailandia tiene la palabra. Thank you, the Netherlands. Thailand has the floor, followed

by Nigeria, please. Thank you very much, dear Chair, for giving me the floor. Thailand reiterates our commitment to support countries

in special situations. As economic growth and development remains with myriad challenges in these countries, we are pleased to learn from today's comprehensive presentation on UNCDF role and strategy to help LDCs and SIDS achieving SDGs through catalytic investment-based solutions. In this regard, allow me to make 3 points. First, Thailand commends UNCDF for steady progress made in implementing its current strategic framework, and we look forward to cooperate in the next cycle. We view the ongoing institution transformation within UNCDF positively, especially the decentralization of key investment and operational functions to the field, bringing support closer to member states who need them. This includes enhanced presence of UNCTAD in their regional hub in Bangkok. Second, we recognize the role of UNCTAD can play in advancing inclusive finance, digital innovation, and local economic development across the Asia-Pacific region and beyond. We welcome UNCTAD CDF's steadfast support in our neighboring countries, including its longstanding work to advance financing for local climate adaptation, financial inclusion, access to finance, including those for women. As Thailand looks to promote innovative finance in sustainable development, including through a sustainability-linked bond recently issued by our government, we welcome UNCDF's effort in forging multi-stakeholder partnerships financing initiatives, one example of which is the development of the new Tiger Landscapes Investment Fund by UNCDF and UNDP to mobilize private sector investment into nature-positive enterprises. Third, as a longstanding partner of UNCDF, Thailand strongly believes in the Fund's ability to unlock development finance where it's most needed and least available. We believe that partnerships are key to further enhancing such ability. Therefore, we encourage UNCDF to deepen their collaboration with our development cooperation agencies, namely Thailand International Cooperation Agency, or TICA, and neighboring countries Economic Development Cooperation Agency, or NEDA, which leads Thailand's effort on South-South and triangular cooperation. To conclude, Thailand stands with UNCDF in continuing its mandate to support countries in special situations and secure sustainable development investment and maintain peace and stability and prosperity. I thank you. Thank you, Thailand. Next we will hear from Nigeria and then Azerbaijan, who will be last, and then I'll give the floor

back to our dear friends up here on the top table for their answers and comments. First of all though, Nigeria, please. Thank you. Thank you, Mr. President. Mr. President, Executive Secretary, distinguished members of the Board, Nigeria

welcomes the presentation of the Cumulative Review and the 2024 Results Report and expresses appreciation to the Executive Secretary and his team at UNCDF for reaffirming the Agency's commitment to addressing financing gaps in the most underserved markets. We note with appreciation UNCDF's increasing engagement in sustainable food systems, and in particular, its innovative approach to mobilizing capital at the intersection of nutrition, local value chains, and private sector development. As noted in the report and highlighted by the Executive Secretary in his presentation, Nigeria in 2024 was pleased to partner with UNCDF and UNICEF through the Nutrition Supplier Finance Facility, an initiative designed to combat child malnutrition by catalyzing investments in local nutrition suppliers. The first catalytic investment under this facility, a $2.5 million loan to a company called Ariel Foods in Nigeria, represents a practical and strategic step towards strengthening national food— national supply chains, reducing import dependency, and ensuring that African-grown produce is placed at the heart of child nutrition solutions. This initiative, in our view, is a strong example of how blended finance, when well-structured and locally anchored, can deliver both developmental and commercial returns. It also reflects UNCDF's ability to align investments with public health and food security priorities, in close coordination with United Nations partners and national systems. In conclusion, Mr. President, Nigeria supports continued expansion of such targeted financing mechanisms and looks forward to working with UNCDF to deepen investments across sectors that advance inclusive growth, agricultural transformation, and sustainable development outcomes. We also encourage continuous support of the agency from member states. I thank you, Mr. President. Thank you, Nigeria. Azerbaijan has the floor. Mr. President, at the outset, I would like to thank the UNDP, UNOPS, UNFPA for

convening this annual session. Azerbaijan

continues to remain a faithful member state of the United Nations and will spare no effort in further contributing to the purposes and principles enshrined in the United Nations Charter. After restoration of its sovereignty, and territorial integrity, Azerbaijan has entered a transformative phase prioritizing the rehabilitation, reconstruction, and reintegration works in the liberated territories. However, the massive contamination of these territories with landmines and other explosive devices remains a significant obstacle to these efforts, as well as to the implementation of the Sustainable Development Goals and safe return of the internally displaced persons to their homes. A complex mines threat delays the essential reconstruction and development works in the liberated territories. Since November 2020 until May 2025, 398 people became landmine victims in Azerbaijan, 70 of whom lost their lives and 328 were injured, the majority of whom are civilians, including children and women. The scale and gravity of the landmine threat in Azerbaijan necessitate urgent, continued, and adequate international support to its humanitarian demining efforts, along with measures to ensure accountability under international law for targeting civilians by landmines, booby traps, and other explosive devices, and for refusing to share the their locations. Providing support to states engaged in post-conflict peacebuilding, reconstruction, rehabilitation, and demining should be a critical priority for the entire international community. Such support and solidarity are vital to my country in overcoming the severe consequences of the 30-year occupation. In conclusion, regarding Armenia's use in their statement on search of an invalid name of the locality in Azerbaijan, it's pertinent to remind that all states have a responsibility to recognize and use geographical names established by legitimate national authorities within their sovereign territory. Moreover, for meaningful progress toward lasting peace, this country must cease replicating false narratives and actions that sabotage the normalization Thank you, Azerbaijan. I'll now give the floor to Mr. Kurukulasuriya for some brief answers to this, and I'm sure this dialogue

can continue bilaterally too. There were also questions on UNAT that came up several times during this session, so I'll also give the floor to Mr. Xu. so that he can make a few very brief comments on UNAT. First of all, Mr. Kurukula Surya, you have the floor. I'd really like to thank Luxembourg, Barbados, Burundi, Eritrea, Fiji, Haiti, Indonesia, Jamaica, Lesotho, Malawi, Nigeria, Netherlands,

Azerbaijan, Sierra Leone, Solomon Islands, Tanzania, Thailand, Vanuatu and Zimbabwe. I really appreciate this, because I think this is, to be honest, the first time we've heard such a loud voice of affirmation from you of what this instrument is meant to do. And it's finally beginning to emerge that what UNCDF offers in underserved, high-risk, post-conflict-type contexts projects, which there are many around the world, there are— I think you can count maybe 3 or 4 that are able to operate in that kind of environment, and UNCDF is probably the only one in the UN system that can bring something different. And that is being brought together in conjunction with the rest of the UN development system, and this is absolutely critical, because UNCDF is not a large organization, It should never become, in my view, a large organization in terms of people. It should become an organization that is capitalized adequately to be able to trigger the kind of larger-scale investments that are there in the private sector, that actually does go looking for opportunities in what we may consider or perceive to be risky, but they are in fact not. Or they can be made not as risky through the deployment of these types of instruments that UNCDF has. It is very unique because the fact that UNCDF is not credit-rated means that the same $1 that you deploy through a CDF transaction has a higher leverage factor than the same instrument through a credit-rated institution, because of the amount of risk that credit trade institutions can absorb. And I think the reforms are helping us to get there. Now, the resource mobilization issue that came up— I mean, first order of business over the last 12 months is really to get CDF ready for what it needs to do. I think we're getting there now. The new strategic framework formulation is an opportunity to engage with all all of you member states to talk about not just what you need this instrument to do, but also where we can bring in instruments to— resources to crowd that in. Working with UNDP is absolutely critical because UNDP offers a platform that is very unique, which is access at the country level. It allows us to keep our overheads small, it allows us to ensure that we are staffed by personnel who come from previous work experience in MDBs and DFIs, who understand how to transact and work with the private sector, and to deploy public finance where it's most needed. I think this is a recognition that we are getting, including through the EU and our Pillar Assessment. The Strategic Framework Period is— framework formulation is definitely an opportunity to make sure that we hone in and focus, so I expect the next strategic framework to really be about MSME finance, about local financing of infrastructure and digital finance. In that context, I think we will see a much sharper, honed-in strategic framework that responds to the needs of countries. For the rest, I think I will probably provide written comments if you can, if you permit me to be a little bit more comprehensive. Thank you. Thank you very much for that offer for written comments. Mr. Xu, please. The responsibility of hosting the NCDF really seriously, I'm very

happy that the work that we have done together is showing results and

gets member states support this one. Secondly, on UNAIDS, one thing I would like to say is that both the UNCDF and the UNV, which will be discussed later, are performing functions that are not overlapping with any other UN entities. So in this logic, I can say that at this time, you know, we do not think of merging any of these institutions into any other Yes, I think we can discuss this further. Thirdly, in terms of the question of relocation, now UNCDF is already dispersed with operational capacities in different locations of developing countries, so if we talk about relocation, we are talking about relocation only because of the cost, so relocating headquarters functions somewhere. That it can continue to operate as a headquarters. So this is a different discussion that will require consideration, careful consideration of criteria and so forth. So I think again this is a longer discussion, but if anything that will be done in this regard, I think the Board will be first informed. Thank you. Muchísimas gracias. Thank you very much for those answers and comments. I'd like to inform the board that a draft decision under agenda item

13 of the UNCDF is under preparation and will be presented for the board's consideration later in the session. That's on this particular decision and draft, and I hope we'll be able to be constructive As we have been with other decisions. We'll just take a couple of minutes to change the podium. Thank you. Thank you. We will now continue with item 14 of our agenda under the UNDP segment with the United Nations Volunteers Report of the Administrator. I'll get straight to the point and give the floor to Mr. Kirbanov. To present his observations and everything he needs to tell us about the important work that is being carried out across the world in his organization. Sir, you have the floor. Thank you, Mr. President. It's always an honor to address the Executive Board. I recognize the presence of the Associate Administrator. I wasn't

sure if the Associate Administrator Would have any introductory remarks, or should I proceed with the floor? I'm being told that we must follow protocol. And I'm in full agreement, actually, we should give the floor to Mr. Xu first to give us an introduction,

and then after that we'll give the floor to the Executive Coordinator. So, Mr. Xu, please. Thank you very much, Mr. President. On behalf of the Administrator, I would like to just make a few opening remarks. to present the Administrator's

Report on the EMV's program work for 2024, and also marking the 3rd year of the implementation of the EMV Strategic Framework 2022-2025. Before the EMV Executive Director, Mr. Gubanov, takes the floor, I wish to highlight a few points. First, despite ongoing global uncertainty and the complex crisis, 2024 was again a strong year for the UNV Programme. The report presents how UNV met most of the 21 performance indicators set forth in the Strategic Framework, and in some cases exceeded expectations. This demonstrates the Programme's operational maturity, its relevance to the evolving needs of the UN System, and its strong institutional capacity. One of the most striking achievements of the past year is that volunteer mobilization reached new heights. Over 14,000 on-the-site UN volunteers served, and over 20,000 online volunteers were requested across 59 UN entities. This record level of demand reflects the growing recognition of volunteers as an essential, flexible, and skilled part of the UN delivery. Importantly, EMV's impact went beyond the numbers. The Programme continued to advance its agenda of equity, inclusion, and accessibility, with volunteers from over 180 nationalities, strong female participation, and progress in engaging persons with disability. And individuals from underdeveloped nationalities— underrepresented nationalities, excuse me. These efforts enrich the UN system with perspectives that reflect the diversity of the people we serve. Moreover, the consistently high satisfaction rates from both UN partners and the UN volunteers themselves speak volumes about the MV's responsiveness and value as a service provider. As a host of UNV programmes since 1971, UNDP is proud to be the host and the world's largest user of UNV, and I will skip some of the details in the interest of time. So let me close by extending my sincere appreciation to all UN volunteers serving across the development, peace and security and human rights pillars of the United Nations. Their commitment, often in challenging settings, brings the UN's values to life every day. I also wish to thank all UNV colleagues for their tireless efforts, commitment to excellence, and unwavering support to volunteers and partners alike. Thank you very much. Mr. President. And there we have it, some very important introductory words, and I think the last part reflects what a lot of us here think. So having heard that, I'll

give the floor back to you, sir. Mr. Kirbanov. Thank you very much, Mr. President, for giving me the floor. Uh, following the tradition established at the previous sessions of the Executive Board,

uh, please allow me to invite the delegations to watch a brief video presenting the work of the United Nations Volunteers. So if you could have our magicians please have the lights off and the video on. When buildings are covered in flames, when an earthquake strikes too strong, when fear overcomes hope, there is always a UN Volunteer. From conflict

to peace, from crisis to recovery, from hunger to nourishment, from fear to safety, from disaster to resilience, from silence to advocacy, from isolation to solidarity, from trauma to relief, from need to support, from destruction to rebuilding, from barriers to bridges, from questions to actions, from sunrise to sunset, there is always a UN volunteer. I coordinate and coordinate. field teams, local authorities, and UNDP specialists to gather and organize data related to Roshi River's impact. It provides

a clear picture of our current conditions, allowing us to tailor our interventions and also to meet real community needs and ensure that our resources are being used effectively. هاي القرية تعتبر واحدة من أكثر المناطق المهمشة، ولهيك رتبت لجلسة حوار مجتمعي مع سكان المنطقة لأستمع لاحتياجاتهم. The people here experience the impact of

the war on a daily basis. UNFPA, together with our UN and NGO partners, are responding to this by delivering a range of

assistance including vital humanitarian Je coordonne les activités terrain et je fais le suivi de la mise en œuvre des activités terrain et je fais le rapportage des activités et je remonte les informations

au niveau central. J'interagis avec les autres acteurs pour l'implémentation des projets pour por DNF. Soy parte de Social Justice. Yo ya llevaba un tiempo, llevo un tiempo trabajando en responsabilidad social corporativa y trabajo mucho con niños. Entonces eso me motivó

a que la realidad de estos niños pues deben ser transmitidas. Thank you very much. I'm proud that we had an opportunity for the distinguished delegates to see the work and to hear the work of the UN Volunteers firsthand. I'll now proceed

to try to summarize the Annual Report of United Nations Volunteers, though I must say that summarizing the report of UNV within the time limit that was given to us, it's a bit like trying to tweet War and Peace. But I'll give it a try, and I will look forward to the discussion, to the guidance and the questions from the Board members and the observer delegations afterward. In previous sessions, answering to the delegations' questions, queries felt a bit like being on a show quiz, except you don't get the chance to phone a friend. And on that note, I appreciate the presence of the Associate Administrator Haoran Xu in the audience as well. I'll structure my remarks about around 5 frequently asked questions that we often hear about the work of United Nations Volunteers, and the answers to which are provided in the UNV's annual report. and ranged from community development to women empowerment and from human rights to humanitarian coordination. They were not support staff, as you saw. They are the frontline actors. So yes, United Nations volunteers are needed, and more importantly, they are relied upon. The second frequently asked question is, who are these volunteers? Some still think that volunteering is what people from the Global North do for the Global South. However, UNV proves otherwise. In 2024, UN volunteers represented a record of 181 nationalities. 2/3 of them served in their own countries, where they were meeting local challenges with local knowledge. 57% were women, and there were more youth, older citizens, and persons with disabilities than ever before. So we can say that the engagement of UN volunteers is not just capacity building, but it's the national ownership beginning from the grassroots level. And in every respect, UN volunteers represent the world's talent and determination. and irrelevance. So when urgency calls, UNV answers. Question number 4: Is UNV adapting to the digital age? Absolutely. As the report presents, over 20,000 online volunteers supported the UN system, governments, and civil society in 2024. Their contributions ranged from data analysis to graphic design, to translation, to public advocacy campaigns. This is not simply digitalization of volunteerism, it's democratization because we remove the geographic barriers, we expand access, and we enable volunteer talent to serve wherever they reside. Ladies and gentlemen, a lot has changed since the report's writing. And so the 5th often asked question, frequently asked question, is can UNV withstand the financial turbulence that is shaking much of the United Nations system? Indeed, while UNV started 2025 building on the momentum of this strategic framework, in recent months many doors closed. Funding cuts across the UN system resulted in termination of 100 UNV assignments, Several UN partners have paused recruitment. Yet UNV is meeting this challenge with calm resolve. We are reinforcing our field presence, strengthening teams in high-demand locations, and decentralizing support functions. We are streamlining our processes, deepening digitalization, and staying laser-focused on agility and efficiency. And we are building new partnerships with IFAD, with PAHO, with the World Bank Group, expanding vital system-wide networks of UNV. And so if I were to recap the 5 questions: are UN volunteers needed? Do they represent the world? Can they act fast? Are they future-ready? And will they weather the storm? The report's answer to all these questions is yes. Yes, we are. Yes, we can. And yes, we will. Mr. President and members of the Board, this year is not just about resilience, it's also about forward momentum. In 2025, we'll work on UNV's next strategic framework in consultation with the Executive Board, and we will also support all Member States in preparing for the 2026 International Volunteer Year. Ladies and gentlemen, in conclusion, contributions most essential to long-term peace and development are also those that are least likely to command immediate attention. Volunteerism is one of them. And therefore, Even in this difficult year, UNV remains as committed as ever to enable thousands more United Nations volunteer stories similar to those that you have watched at the beginning of the presentation on video. Because volunteers are the human face of the United Nations. Because volunteers deliver results at the grassroots level, they close the last mile to the communities. And above all, because every United Nations volunteer embodies the values on which our founders created this organization 80 years ago. Gracias, señor presidente. Espero con interés. Mr. President, thank you very much. I'm looking forward to the results of the executive boards. Thank you. Thank you, sir. Thank you, Mr. Kobanov. I agree with the answers that you gave to the 5 questions put to you. And just a few thoughts before we open the floor. The marvelous archipelago

of the Galápagos Islands in Ecuador was a laboratory that determined the theory of evolution of Charles Darwin. The conclusion of that was clear, that the strongest species are not the ones that survive the easiest. It's the ones that adapt the best that survive. And this is a clear example of what UN Volunteers does. And I think the best tribute that we can give to this organization, to the volunteers that we have across the world, is to prepare for next year, which is the year where we are commemorating the International Day of Volunteers. That we do this with the strategic vision that we must all adopt and make sure that we don't get bogged down in the current situation that often prevent us from seeing the bigger picture, the bigger picture that we have ahead of us to deal with. So thank you very much. Now we're going to open the floor. We have a long list of speakers. As you know, you can also send your full statements to eStatement. So with that, I'll open the floor to give it to Bulgaria on behalf of a group of countries. Bulgaria has the floor. Mr. President, Associate Administrator, distinguished executive Coordinator, Excellencies, I deliver this statement on behalf of Austria, Belgium, Czechia, Finland, France, Germany,

Georgia, Iceland, Ireland, Japan, Luxembourg, the Republic of Moldova, Switzerland, Spain, Türkiye, and my own country, Bulgaria. I would like to begin by sincerely thanking all staff of the UN Volunteers Programme in the field and at Headquarters for their unwavering dedication and hard work in supporting the UN system and its mission to realize the 2030 Agenda. We extend our appreciation to more than 14,000 UN Volunteers for their meaningful contributions in the past year to peace, humanitarian assistance, and development. In a year marked by considerable challenges, the UNV Programme has demonstrated its resilience and effectiveness. In 2024, UNV delivered outstanding support to 59 UN entities and programmes across 169 countries, mobilizing a record number of volunteers. This is not only a remarkable operational achievement, but also a testament to the trust and appreciation the international community places in UNV's impact in advancing the Sustainable Development Goals and fostering peace. UNV's continued commitment to decentralization, digital transformation, and the optimization of organizational processes is noteworthy, as these efforts have yielded measurable efficiency gains. Given the ongoing structural shifts within the UN development system and persistent funding constraints, We support UNV to adapt its field presence and build on progress to meet the evolving needs of UN country teams. More volunteers have been active in fragile and conflict-affected contexts. In such challenging environments, placing an emphasis on duty of care is sensible and necessary. As these engagements expand, ensuring the well-being and protection of volunteers needs to remain a crucial priority for UN Volunteers. This year, the year 2026, will mark the launch of UNV's new Strategic Framework. It will guide the way during the final years of SDG implementation. We encourage broad and inclusive consultations with all relevant stakeholders during the development of the Framework to empower and increasingly diverse number of volunteers serving the UN Development System and Programme Countries worldwide. Together, we share a collective obligation to support the UNV Programme and help ensure its continued success. We therefore invite Member States, as they are able, to either contribute to the Special Voluntary Fund, which plays a crucial role in supporting UN crisis response, or help funding additional volunteers who can actively contribute to the achievement of the SDGs in development countries. To conclude, we wish to reiterate our strong belief in the UN Volunteers Programme as a key partner for the entire UN system. 2026, as the International Year of Volunteers for Sustainable Development, will be an opportunity for all of us to promote a and recognize volunteerism as a powerful driver of sustainable development, and we look forward to the commemorative events and initiatives ahead. Thank you. Thank you, Bulgaria. We have Mozambique followed by Japan. Mozambique, you have the floor. Thank you, Mr. President. Mr. President of the Executive Board, distinguished members of the Executive

Board, and observers, allow me to start by thanking the UNDP Associate Administrator and

the UNV Executive Coordinator for their There is nothing more inspirational for current and future generations than seeing their people working to advance the development priorities of their own country. This fosters a much-desired sense of national ownership of UN activities. Therefore, we believe it's crucial to sustain the recent increase in the number of national UN volunteers, particularly in sub-Saharan Africa, where for the first time in recent years this number exceeds that of international UN volunteers. The unique value of national UN volunteers in contexts like Mozambique is undeniable. As their local knowledge, linguistic and cultural understanding, and community trust are critical for the effective program delivery and inclusive development outcomes. Mr. President, we particularly wish to emphasize the vital role of the UN volunteers in supporting the UN-led stabilization program in Cabo Delgado in Mozambique, where 7 volunteers contributed to community security, human rights awareness, early warning systems, and livelihood recovery. Therefore, the support by the UN volunteers in Mozambique spans across the triple nexus of humanitarian, development, and peace. Aligned with the 2022-2026 UN Sustainable Development Cooperation Framework. Mr. President, as the UN country team begins preparing the next cooperation framework following the ongoing evaluation and upcoming common country analysis, we welcome the inclusion of UN, UNFPA Thank you, Mozambique. Japan has the floor and they'll be followed by Türkiye. Japan, please. Thank you, Mr. President. At the outset, I wish to convey My gratitude to Mr. Associate Administrator, Mr. Xu,

and Executive Coordinator, Mr. Karabanov, for their informative briefing. I also take this

opportunity to extend warm congratulations to the entire UNV team and all UN volunteers for their significant progress. Made in 2024. Japan commends the UNWIP program for its remarkable achievement in 2024 amid continuing global challenges. The program once again demonstrated the transformative power of volunteerism in advancing peace, development, and human rights, mobilizing a record number of 14,631 volunteers across 169 countries. We are particularly encouraged by the program's inclusive and forward-looking approach. The 41% increase in volunteers with disabilities, the significant expansion of online volunteering opportunities, and the strengthened engagement of both youth and older persons reflects UNV's firm commitment to ensuring that no one is left behind. Furthermore, the program's investment in digital innovation, capacity building, and adaptable field structures have enhanced its responsiveness to the evolving needs of the UN system. And the communities it serves. Japan was honored to serve as a co-facilitator together with Brazil of the resolution entitled Strengthening Boundaries for the Achievement of Sustainable Development Goals: Leaving No One Behind, which was adopted by consensus last year in the Third Committee and subsequently by the General The resolution embodies our strong conviction that volunteerism is a vital and cross-cutting means of implementation for the 2030 Agenda, empowering individuals and strengthening societies through inclusive and participatory approaches. Looking ahead to 2026, designed as the International Year of Volunteers for for sustainable development. Japan welcomes UNEP's leadership in preparing a global advocacy campaign and engaging a broad range of stakeholders. Japan reaffirms its steadfast support for the work of UNEP and stands ready to continue its close cooperation to further advance— Thank you, Japan. Turkey, followed by Jamaica. Thank you, Mr. President. Turkey aligns itself with the statement delivered by Bulgaria on behalf of a group of countries. We would like to commend the

United Nations Volunteers Programme for its

enduring contribution to sustainable development humanitarian response, and inclusive engagement across the globe. This is a clear demonstration of organizational agility and fast-track deployments, which makes UNV an increasingly relevant partner for UN country and humanitarian teams. We would like to thank all personnel of the UN Volunteers Programme, including those in the field for their dedication as well as their contribution to peace and development. In 2024, we were proud to host a total of 157 UN Volunteers across Türkiye. These Volunteers played a vital role in advancing key national priorities, particularly in the areas of disaster response, social protection, and support to vulnerable and displaced populations— sectors central to Turkey's development agenda and humanitarian outreach. Turkey also values the continued contributions of UN volunteers in post-earthquake recovery efforts following the devastating earthquakes of 2023. Their presence helped bridge institutional mechanisms with the needs of affected communities, underscoring the critical role of volunteerism in crisis contexts and community resilience. We are pleased to note Türkiye's contribution to the UNV Special Voluntary Fund, which facilitates equitable access to volunteer assignments and enables rapid deployment in emergency settings. We encourage other member states to contribute to this fund, as it enhances the responsiveness and inclusivity of the UN system. Turkey is eager to deepen collaboration with UNV in areas where volunteerism complements national priorities. In this regard, we look forward to engaging meaningfully in the lead-up to the International Year of Volunteers for Sustainable Development in 2026 as an opportunity to further elevate the role of volunteers in achieving the Sustainable Development Goals. Thank you. Thank you, Türkiye. Jamaica, followed by Tanzania. Thank you, Mr. President. I also thank the Associate Administrator as well as the UNV Executive Coordinator for their remarks. Jamaica recognizes

and values the ongoing partnership with the United

Nations Volunteers, which plays an important role in advancing development efforts not only in my country but across the wider Caribbean region and more broadly small island developing states. In 2024 alone, 224 UN volunteers served in the Caribbean region, 74% of whom were national UN volunteers. As it relates to Jamaica in particular, 23 UN volunteers uh, 11 of whom were Jamaicans, supported the work of UNESCO, UNDP, UN Women, UNEP, UNICEF, and the UN Resident Coordinator's Office. Their contributions spanned key priority areas such as gender equality, climate action, and sustainable development, all of which are critical components of Jamaica's Vision 2030 National Development Plan and the advancement of the SDGs. We particularly acknowledge with appreciation UNV's continued focus on youth, volunteerism, which directly aligns with Jamaica's strategic objective of building and supporting empowered youth, as outlined in our National Development Plan as well. We therefore commend UNV's efforts to promote youth engagement and empowerment through its participation in the 2024 UN Jamaica Youth Partnership Forum. We encourage UNV to continue to expand opportunities for young people and professionals to serve as national and international volunteers, especially in SIDS countries. Finally, Mr. President, we thank UNV for its steadfast support and look forward to deepening our working partnership to promote a culture of volunteerism that strengthens both our national development capacities and the empowerment of Jamaican youth. Thank you. Thank you, Jamaica. We'll have Tanzania followed by Saudi Arabia. Mr. President, Excellencies Ambassadors and Permanent Representatives, distinguished members of the UNV Executive Board, dear colleagues,

at the outset, I would like to express my profound gratitude to Mr.

Joel Kubanov, UNV Executive Coordinator, for his presentation of the 2024 Annual Report of the Administrator. Tanzania values UNV's ongoing contribution to inclusive and community-based development at national, regional, and international levels. In 2024, 81 UN volunteers served across the United Nations entities in Tanzania. 70% were national UN volunteers and 63% were women, demonstrating strong progress towards national ownership and gender equality. These UN volunteers played a crucial role in supporting key national priorities, particularly in community development, education, and crisis response. Their efforts helped extend a vital service to rural communities, contributing significantly to inclusive and community-based development. We also applaud the engagement of Tanzanian nationals, with 35 serving as international UN volunteers, most across the African continent. Their contributions reflect Tanzania's strong, unwavering commitment to regional solidarity and South-South cooperation. Mr. President, Tanzania commends UNV commitment to expanding opportunities for persons with disabilities in the work of the United Nations system. We are deeply grateful for this commitment, which has not only provided opportunities but also a sense of inclusion and equality. In this regard, we are pleased to see that Miss Dolly Simkiva, a National UN Volunteer with a disability from Tanzania, attending last year's Summit of the Future Youth Leaders, where she had the privilege and honor of sharing her personal experience as a UN volunteer under the theme Intergenerational Solidarity and Equity. This was a testament to the success of UNV commitment. Mr. President, I wish to end my remarks by encouraging the United Nations Volunteer Programme to continue expanding opportunities for youth, women, and persons with disabilities and foster deeper cooperation with the African continent. Tanzania reaffirms its commitment to supporting the UNV— Muchas gracias. Thank you very much to the delegation of Tanzania. I now give the floor to Saudi Arabia, who will be followed by Thailand. Saudi Arabia, please. Mr. Chair, peace and blessings of God be upon you. At the

outset, we would like to express the appreciation of the Kingdom of Saudi Arabia to the United Nations Volunteers Program at a time where we all know very well

that the world does not only need resources but also individuals with the desire to give and the ability to work and who believe in the value of humankind. The UNV is one of the UN's most successful tools in turning values into action. Values such as partnership and empowerment and inclusivity are not mere slogans but have now become tangible, and this is what the latest report has shown clearly. 273 volunteers with disabilities joined UNV in 2024, working in 26 entities, which is a 41% increase over last year. And this is not a mere statistic. It is also an indicator that the doors are now opening wide for all who were previously excluded to join now. And the Kingdom of Saudi Arabia has hosted volunteers with disabilities in this context, along with the Kingdom Colombia, Uganda, and the Republic of Congo. This is an attempt to turn volunteerism into a national pillar, not a secondary activity. The Kingdom of Saudi Arabia has set a clear role in our Vision 2030, which is to reach 1 million volunteers every year. We have a comprehensive digital infrastructure. In order to support and enable volunteers from all categories— men and women, old and young, and persons with disabilities. Today, we are not talking about volunteerism to fill gaps, but we are speaking of volunteerism to reshape how we build societies from the inside out, not from the outside in. We believe that volunteering is not just a humanitarian activity; it is a tool to build bridges and support societies and communities. From this perspective, we renew our support for UNV and we call for an expansion of the participation of member states in this noble pursuit that makes of each individual a component of change. Thank you. Thank you very much. And if I'm not mistaken, I think I should also thank you for upholding multilingualism. You're actually the first delegation that's spoken Arabic, if I'm not mistaken. I'm really delighted that we are

a multilingual organization, and I'm really delighted that you upheld multilingualism in a meeting talking about volunteering across the world. So having said that, I'd like to give the floor to Tanzania. Sorry, Thailand. So Thailand, who will be followed by Kazakhstan. Thailand, please. So thank you very much, dear chair. Maybe I can add some multilingualism here. ขอบคุณนะครับที่ให้พैผม Okay, I wish to thank the UNV executive coordinator for his insightful presentation highlighting their meaningful

contribution in the annual report this year. Volunteerism is deeply rooted in the Thai society, with over 17 million formal and informal volunteers, 1 in 7 people, demonstrating how a culture of giving and sharing enriches communities worldwide— nationwide. Volunteerism is also an integral part of Thailand's development efforts. We are pleased that the element of volunteerism is well reflected in the UN Sustainable Development Cooperation Framework for Thailand, and in this regard, allow me to make a few points. First, Thailand wishes to congratulate the UNV Programme for great results achieved last year. We commend 169 UN volunteers who served across 20 UN entities in Thailand, 64.5 of them were women and 3% of them were UN volunteers with disabilities. Their contributions supported the work of UNDP, UNODC, IOM, UNICEF, UNEP, to name a few, in advancing Thailand's national priorities in areas such as sustainable development, environment protection, and human security. Second, Thailand appreciates its valuable and longstanding partnership with the UNV program. Particularly, we wish to highlight the impact of online volunteering in Thailand, where online volunteers supported IOM's National Needs Assessment and Survey in Migration Journalism, engaging Thai journalists and other stakeholders, migrants, students, and CSOs to identify reporting gaps and cover more accurate and sensitive migration issues. Third, we welcome UNV's strategic use of the Special Voluntary Fund. The Government of Thailand has been a longstanding contributor to the fund, and we encourage continued contributions from member states to ensure that volunteerism remains accessible, flexible, and responsive. To conclude, Thailand strongly believes that UNV plays an important role in fostering South-South cooperation and regional solidarity. This is in line with our commitment to multilateralism and sharing of knowledge and expertise across developing countries. Enhancing volunteerism not only supported us in attaining the SDGs but also ensures that no one will be left behind. And I thank you, dear Chair. Muchas gracias. Gracias, José Taylan. Thank you, Thailand. We now give the floor to Kazakhstan. Dear President, Executive Coordinator, Excellencies, colleagues, we congratulate UN Volunteers on very strong results

in 2024 and for maintaining a healthy financial position despite current difficult financial

situation. We also commend UN Volunteers for their continued efforts to provide inclusive volunteer solutions and valuable support to the UN system and its Member States, and we extend our sincere gratitude to its personnel for their dedicated work. In 2024, 134 UN Volunteers served in Kazakhstan. 57% of of whom were our nationals. These volunteers contributed to the work of various UN entities supporting key national development priorities. Kazakhstan plays a dual role as both a host country for and contributor to global volunteering efforts. In 2024, 7 Kazakh nationals served as international UN volunteers in different regions. Demonstrating our commitment to solidarity and South-South cooperation through the full funding program. We highlight the important role of volunteerism across Central Asia and welcome the launch of the V-Care State of Volunteering in Central Asia review on the sidelines of the HLPF last year. This review provides important insights into how volunteers contribute to implementing national priorities and the SDGs. We encourage UNV to continue fostering regional cooperation through research, capacity building, and voluntary exchanges that reflect the unique development context and shared priorities of our region. We have been also a longtime supporter of the UNV Special Voluntary Fund. This fund is an essential resource that allows UNV to allocate resources flexibly to strategic areas in support of the UN. Therefore, we echo others in encouraging member states to consider contributing to the fund in support of UNV. Finally, we would like to join several other countries and draw your attention to the General Assembly Resolution 74/127 proclaiming the International Year of Volunteers for Sustainable Development and encourage all member states and stakeholders to actively engage in its preparation and observance. The year provides a timely platform to recognize the contributions of volunteers worldwide. We have made substantial contribution in support of the International Year And also on 12th of May this year became the first country— Thank you very much, Kazakhstan. Now Tunisia has the floor, followed by the Czech Republic, and we will finish with the Russian Federation. Tunisia, please. Thank you, Mr. President. I'm pleased to join this discussion on the vital

role of the United Nations Volunteers Programme in advancing the 2030 Agenda in Africa, the Arab States region, and beyond. In 2024, over 2,100 UN Volunteers

served across the Arab region, 82% as national volunteers. This is a strong testament to local commitment and ownership of sustainable development. Tunisia was proud to host 93 UN volunteers last year, including 72 Tunisian nationals, serving with agencies such as UNDP, UNICEF, UNHCR, UN-Habitat, and IOM. These volunteers provided critical support in program delivery, monitoring, communication, and data collection. Their work advanced national priorities in areas like inclusive growth, youth empowerment, climate action, education, and gender equality. Notably, 72% of Tunisian UN volunteers were women, reflecting our country's commitment to inclusive development and gender equity. Across the region, UN Volunteers also played essential roles in fragile and crisis contexts. In the State of Palestine, they supported WFP with logistics and data. They supported thousands of refugees through maintaining energy systems and providing care to vulnerable populations. Tunisia commends UN Volunteers' ability to provide flexible and rapid skills-based support in complex settings. We also encourage greater investment in South-South and triangular cooperation through volunteerism to foster shared learning among countries facing similar development challenges. Finally, Tunisia welcomes the deeper integration of volunteerism into the UN Sustainable Development Cooperation frameworks. Volunteers are not just partners in implementation, they are drivers of community-based, nationally owned solutions. We thank UNV for its continued leadership and reaffirm Tunisia's strong support for its mission. I thank you. Thank you, Tunisia. Next we have Czechia, followed by the Russian Federation. Czechia, please. Muchas gracias, señor presidente. Excellencies, ladies and gentlemen, distinguished colleagues, I would like to take this opportunity

to express our deep appreciation for the longstanding cooperation between the UNDP and Czechia,

particularly through the United Nations Volunteers Programme. Since 2001, Czechia has been cooperating with the United Nations Volunteers, making 2026 the 25th anniversary of this enduring partnership. Since 2007, Czechia has fully funded assignments of 122 UN volunteers that served in countries across Eastern Europe, Africa, Asia, and the Middle East, contributing their expertise in areas such as education, water sanitation and hygiene, peacebuilding, health, inclusive growth, environment, and food security. We consider these contributions not only as expressions of solidarity, but also as an effective way of strengthening international cooperation and mutual understanding. Czechia welcomes UNV's commitment to gender balance and inclusion across its volunteer mobilization efforts. In 2024, 22 Czech nationals served as UN volunteers, and 77% of whom were women. Czechia affirms its support to implementing the General Assembly Resolution 78/2015, 127 on the International Year of Volunteers for Sustainable Development and welcomes UNV's support to member states in making the year a success at national and global levels. Volunteerism is deeply rooted in the Czech civil society. We see it as a vital element of democratic engagement and community resilience. At the national level, volunteer initiatives help address local challenges. Promote social cohesion, and build trust between citizens and institutions. Internationally, volunteerism amplifies these values and creates bridges between cultures and communities. We believe that the power of volunteering lies also in the message it sends, that each individual has the capacity to contribute to peace, development, and shared prosperity. In this context, Czechia prepares concept for the development of volunteering which serves as a strategic framework for strengthening volunteering at national, regional, and local levels, that outlines key principles, values, and goals, and focuses on improving access to volunteering, enhancing coordination, and promoting volunteer services. To conclude, I would like to stress that volunteers in general are indispensable in providing support to those in need, often filling gaps that professional services alone cannot cover. Their role has been crucial, especially during the COVID-19 pandemic and the refugee crisis caused by the unprovoked Russian aggression against Ukraine, when volunteers stood on the front lines. Without them, the response would have been slower, less effective, and far more costly. I thank you for your attention. Gracias, Czechia. Thank you, Czechia. We now give the floor to the Russian Federation. Thank you, Mr. President. We also are going to contribute to multilingualism at the UN and speak Russian, especially as tomorrow is the Day of the Russian Language.

Our co— Tolstoy once said that we must not just say things, but we must also do them, and

this clearly reflects what is done in the UN Volunteering Organization. Russia highly values the work of the Executive Coordinator and the entire Global UN Volunteering Team, commends their work to promote volunteering throughout the UN system. We acknowledge the role of volunteering in achieving the SDGs and strengthening national capacity and building sustainable societies that are people-centered. In 2024, 64 citizens of the Russian Federation took part in the UNV's programs, contributing to UN system activities in 36 countries and territories. We underscore the importance of full funding program for member states as an instrument to support the SDGs. 25 volunteers financed through the Russian budget were seconded to the UN system, and this program is an effective support mechanism for priority partnership areas and also expand citizens' opportunities to gain international experience within the UN system. We highly value the UNV's work to broaden access to volunteer opportunities through its online program, which allows qualified specialists to remotely contribute. Also, we urge the UNV to continue integrating volunteers through the UN Sustainable Development Cooperation Frameworks. We support the UNV's efforts to further improve its volunteer selection mechanisms, to decrease deployment time, and to ensure access to a broad range of volunteers with various experience levels, which would be tailored to the needs and context of specific countries. We also note the contributions of UNV's research work, including the State of the World's Volunteerism Report. That we expect will be published soon. We are convinced that the UNV has, uh, is fulfilling its role to the full. Thank you. Gracias. Thank you to the Russian Federation. Now I'd like to give the floor to our friends up here on the top table. I'd like to give you the floor first to begin with. Thank you. Thank you very much, Mr. President. Thank you, distinguished delegates. We took

note of your encouragement and the feedback. A number of you had taken this opportunity to express views that congratulate and thank UNV, United Nations Volunteers,

for various contributions contributions and the results achieved. Bulgaria, speaking on behalf of the group of the member states, acknowledged the operational achievement and how the operational achievements translate into testament of trust. Mozambique, speaking on behalf of the group of the member states, acknowledged our investment and focus on increasing the number of the national volunteers. Japan thanked us for efforts in the intergenerational volunteering. Türkiye thanked for the enduring performance. Jamaica acknowledged the role of the UN Volunteers in the context of Small Island Developing States. Tanzania gave encouragement on the work with persons with disabilities. Saudi Arabia, in a very heartfelt way, presented how UNV is able to translate slogans into tangible results. Thailand spoke about the— and thanked for the role of the online volunteers. Kazakhstan spoke about the efforts to— and thanked us for fostering regional collaboration. Tunisia encouraged us to work more on the South-South cooperation. Czechia acknowledged the role and thanked UNV for bridging cultures and communities, and the Russian Federation acknowledged and thanked for the results achieved. in improved selection and deployment. To all of these member states, we say thank you for thanking us for doing our job. We know— we're encouraged by your positive feedback. We know that we can do so much more, and therefore we're taking to heart your suggestions on how, going forward, the work of UNV will be even more impactful, how we can enable that through the close consultations with member states and all the stakeholders on the next strategic framework, on the International Volunteer Year, and on continuing to make sure that we have capable, passionate, qualified volunteers coming from all walks of life contributing to the development solutions in the most diverse contexts. We will be very happy to follow up the conversation bilaterally and to explore further how UNV can take forward your recommendations and suggestions. On this note, I just would like to once again thank you for your continued collaboration. All the results that have been achieved by UNV have been achieved thanks to the member states, your continued collaboration with us, and your guidance. I'd also like to stress 2 points perhaps. One, the common— 2 common threads in the interventions this morning. your national action plan, your national recognition events. We will complement them with a global campaign and with a global recognition. For us to have a strong global campaign, we're really looking forward to strong campaigns at the national level led by the member states themselves through the national organizing committees, as in the case of Kazakhstan, or through the focal ministries. We really call upon you to work with your respective volunteer organizations and with the appropriate authorities to make sure that 2026 will be memorable in your countries as the International Volunteer Year, and we promise to match up your— to match your efforts with the appropriate global campaign. And second, on the Special Volunteer Fund, a group of— number of member states spoke about the importance of the Special Volunteer Fund, and we really believe that this is an absolutely critical tool that allows UNV to continue to provide quick and agile response in the context of emergencies, or to innovate with breakthrough new volunteer solutions, including on the digitalization. Therefore, building on the previous decisions— referring rather to the previous decisions of the Executive Board, I'd like to encourage the member states who are in the position to do so to consider contributions to the Special Voluntary Fund, or you might wish to put us in contact with your respective national authorities so that we can take this conversation further with them. With that said, I'd like to make 2 concluding remarks. One, to build on what Mr. President said at the beginning, the importance of adaptation. Indeed, you know, the UN always operated amid constraints and therefore our response to the turbulence of the current times and the challenge is not to prevent volatility, because that would be a utopian ambition, but to adapt and adapt in such a way that will help us to stay relevant while retaining strategic coherence of what UNV and what United Nations want you stand for. And last but not least, inspired by your remarks, Mr. Chair, about the multilingualism, let me also say a few words recognizing that tomorrow is International Day of the Russian Language. As you will soon find, I hope my Russian is more fluent than my Spanish. That said, ladies and gentlemen— Ladies and gentlemen, We earlier took note of a quote from Tolstoy, and I would like to raise a quote from my other favorite writer, Mikhail Bulgakov, who simply noted that all that takes place Is for someone is a prologue and for others is an epilogue. And this session, it would seem, is one that would possibly be the epilogue of this yearly session of the Executive Board. And perhaps you're all looking towards the future and the days off. Yes. Starting tomorrow, this is your last day of difficult work. But for us, and I hope that I'm saying this for all of us, this is a prologue for the future, for significant achievements and joint initiatives where we count on your support not only during the International Year of the Volunteer, but— Thank you. Also, your continued critical support to UNV so that we will all together and the thousands of UN volunteers will be able to continue to provide hope to the world. Thank you very much. Gracias a usted, señor Curbanó. Thank you, Mr. Kobanov. Mr. Xu, you have the floor. I speak Chinese. No, I'm kidding. Okay, so just really one point. I think I really appreciate all countries that provide the support to the Special Voluntary Fund and also provide the

fully funded AMVs. A great word of appreciation from us. But the main point I

want to make is that the core contributions that all member states which contribute the core are also critical for our support to UNV, because if you look at the report over the last 10 years, every year UNDP provides on average about $9 million as our core contribution to the operations of the UNV, right? So we wanted to make a note that the core contributions all countries provide also help sustain the work of UNV. So thank you very much. Thank you, Mr. Chu. I inform the Board that a draft decision on Agenda Item 14 on UNV is under preparation and will be presented for the Board's consideration Later in the session. We'll briefly suspend our meeting to change the podium. Thank you once again, Mr.

Kurbanov and Mr. Chu. Okay, we will now continue with agenda item 10 under the UNDP segment, this one on gender equality at UNDP and the annual report on the implementation of the UNDP Gender Equality Strategy 2022 to 2025. So I'm pleased to welcome back Mr. Xu. UNDP Associate Administrator, and Mr. Marcus Netto. So I'll— I apologize, we also have Ms. Raquel Lagunas, I apologize, who's here with us also. She is the Director of the Gender Team at the Bureau for Policy and Program Support. I'll give the floor to begin with to Mr. Xu for his opening remarks and comments. Sir, you have the floor. In the interest of time, I will not read my statement. Just to say that UNDP's commitment to gender equality and women's empowerment is strong. In 2024, our programmes helped 137 million women to gain access to essential services and also empowered 139 million

women to access financial services. So just to say that programmatically we are very committed to support this agenda. Institutionally, we are also committed to this goal and we have specific gender strategies that we are implementing and monitoring at the senior-most level of the organization. So with these comments, I would like to save time for comments by Mr. Nato, Marcos Nato, with the permission of the President. Thank you. Thank you, Mr. Xu. Marco, you have the floor. Please go ahead. Mr. President, distinguished members, thanks for joining us at this session. Let me start by sharing a few highlights of the 2024 Annual Report. I'm very proud that external stakeholders recognize that this

topic is one of UNDP's most effective areas of work, based

on our UNDP Strategic Plan evaluation and a brand perception survey of over 380 external stakeholders. In 2024, UNDP showed what it means to lead with purpose in 2 critical areas: helping over 140 million women raising their voices at the ballot box, and supporting nearly 300 million to access the needed services and financial to break the poverty cycle. From polling stations to fiscal reforms, we were there, removing barriers, shifting systems, and proving that when women rise, societies move forward. Our support for the creation and finance of integrated care systems has grown, supported by interagency collaboration and joint advocacy. Our work on insider mediation in over 25 crisis in fragile settings is very effective in overcoming the persistent exclusion of women in peace processes, and access to clean energy reduces women's time poverty and accelerates economic empowerment, but we need to do more to challenge structural inequalities. Let me give you some highlights on the development results, as Haolong had already started to do it. Ending poverty requires a major shift in economic thinking. This is why, through our flagship program, ECONOMICS, 28 countries initiate fiscal policy reforms with equality objectives, examining public revenue and expenditures. Lebanon established an observatory on taxation to gather and disseminate sex-disaggregate data and trends related to correcting disparities affecting differently women and men. We also supported the development of integrated care systems in 16 countries. North Macedonia formalized unpaid care work and created flexible employment pathways for mainly rural women and women with disabilities, showcasing how investing in care can unlock economic opportunity and inclusive growth. On environment, our Climate Promise helped over 63 countries in 2024 to permanently women empowerment through their nationally determined contributions. 26 countries integrate women's leadership into national climate plans. The Gender Equality Seal for Public Institutions is part of our commitment with the Modern Public Service, present in more than 25 countries. The Ministry of Management and Public Service Innovation in Brazil has trained 500,000 public servants on integrating race considerations in policy and services. We cannot realize our ambitions alone. Therefore, UNDP, with UN Women as the UN System Coordinator Leads, remain the closest partner in 75 countries, and our country offers co-chair interagency theme groups in 48 countries. Regarding our institutional results, UNDP's institutional performance continues to be strong, exceeding in 2024 94% of targets on the System-Wide Action Plan 2.0. on Gender Equality and Women's Empowerment, UN SWAP indicators. We are already preparing the conditions to implement UN SWAP 3.0. We broke records and 66 country offices got certified by the Gender Equality Seal, 11 gold, 30 silver, and 25 bronze seal recipients. Special mentions to 13 crisis-affected countries. In 2024, UNDP included the first round of the Equanomics Global Learning Lab, involving a cohort of 60 economists. For instance, in Cambodia, with the government, we ran a macro-modeling to simulate national economic growth driven by public investments in care economy. In conclusion, UNDP has completed 3 successful years implementing its Gender Equality Strategy, demonstrating solid achievement despite global uncertainty. We thank you, executive board members, who asked us to have this strategy and to ask us every year to come here and tell you how progress is going. Thank you very much. Muchas gracias. Thank you very much, Mr. Marcos Neto, Assistant Administrator. We have our list of speakers. First of all, I will give the floor to Iceland, who is speaking on behalf of a group of countries. Iceland, you have the floor. Thank you, Mr. President. I am delivering

this statement on behalf of Denmark, Finland, Norway, Sweden, and my own country, Iceland. Mr. President, we would like to thank UNDP for this valuable briefing on the implementation of the Gender Equality Strategy and commend the

organization for its system-wide efforts to advance gender equality. It is encouraging to see that UNDP is meeting its gender targets and that gender equality is embedded across all 6 of its signature solutions. In the face of ongoing global crises, and rising conflicts, gender inequality has become even more visible and deeply entrenched. Addressing these challenges requires placing the empowerment of women and girls at the forefront and treating gender equality as a core development priority. Only then can we create solutions that are inclusive, fair, and truly sustainable. The Nordics appreciate UNDP's continued commitment to gender equality across a range of thematic areas, from economic transformation and governance to clean energy. This is delivering impactful results, helping to strengthen national systems, improving institutions, and shifting social norms. These achievements are underpinned by vital partnerships with civil society and women's organizations. We are pleased to see that UNDP continues to expand and deepen these relationships in the field. We also want to highlight the importance of joint programming and collaboration with other UN agencies to accelerate progress in gender equality. In this regard, we welcome the ongoing partnership with UN Women and encourage UNDP to continue to strengthen its engagement with UN entities that possess essential expertise on women's rights and gender equality. Including UN Women and UNFPA. Gender equality continues to stand out as one of UNDP's most effective and high-impact areas of work, as confirmed by the midterm review of the 2022-2025 Strategic Plan and a brand perception survey involving over 380 external stakeholders. Notably, 89% of respondents viewed UNDP's work in this area as effective. The review also affirms that integrated solutions contribute significantly to women's empowerment and lead to systematic, lasting development outcomes. Perhaps if I could just pose one question on that particular issue: as we look forward, as we look toward the next strategic plan, how does UNDP intend to build on this to further scale gender-responsive and transformative programming. Mr. President, the Nordics would like to congratulate UNDP on the achievements reached through the Gender Equality Seal, with 66 country offices earning the certification. We're also encouraged by the progress made through gender-responsive climate action initiatives, such as the Climate Promise and Powering Gender Equality, which have equipped women-led businesses with energy-efficient tools and catalyzed policy reforms. One question on this issue too, if you'll bear with me. Could you share more on how UNDP can ensure the long-term sustainability of gains made by indigenous and rural women in climate governance, particularly after project cycles end? To other regions and integrate it into the national budgeting or planning processes. The Nordics also wish to commend UNDP for achieving full gender parity across all staff levels. It is also encouraging to see sustained efforts to promote an organizational culture that values inclusion and champions leadership for gender equality. We are pleased to know that in the new strategic plan, gender equality is included as a development accelerator. Let me conclude by reaffirming our strong support for UNDP's critical work to advance gender equality and the empowerment of women and girls. We welcome the ambition shown by UNDP and encourage continued bold action to drive meaningful progress in the face of these challenges. I thank you. Thank you. Thank you very much, Iceland. Next, we will have Canada on behalf of a group of countries also. Canada, you have the floor, please. Muchísimas gracias, señor presidente. Mr. President, Associate Administrator, Excellencies, esteemed colleagues, I'm honored to deliver

this joint statement on behalf of Australia, Austria, Belgium, Bulgaria, Colombia, Czechia, Denmark, the Dominican Republic, the European

Union as a donor, Finland, France, Germany, Iceland, Ireland, Japan, the Kingdom of the Netherlands, Luxembourg, Mexico, Moldova, New Zealand, Norway, Romania, Spain, Sweden, Switzerland, the United Kingdom, and my own country, Canada. We extend our appreciation to UNDP for the progress made this year in advancing gender equality and the economic empowerment of women. Yet despite these efforts, we are keenly aware that progress towards SDG 5 is significantly off track. It is therefore evident that dedicated efforts to advance gender equality are more important than ever. Strong institutional commitment and accountability are essential to achieving meaningful gender mainstreaming across all programming. We encourage UNDP to remain focused on its core strengths: supporting institutions, advancing governance, and enabling development solutions that are scalable, sustainable, and locally owned. UNDP leadership remains critical at this pivotal moment. So we must ask, how can we ensure that dedicated gender equality resources continue to be effectively and consistently integrated across all programming? The Quadrennial Comprehensive Policy Review remains our guiding framework, particularly in its call to leave no one behind and to advance gender equality and the empowerment of all women and girls. In the face of growing pushback on rights, it is critical that UNDP continue to lead with courage and clarity, translating commitments into action, pushing back against regression, and ensuring that the gender equality gains made are not only protected but expanded. Achieving gender equality and empowering women and girls is essential to advancing global sustainable development. It is not merely a standalone priority; it is a strategic investment in our collective future. We therefore commend UNDP's efforts to mainstream gender across its programming and operations and call for the full and effective implementation of the UNDP Gender Equality Strategy. Strategy. We are mindful that repositioning gender equality from a strategic priority to an accelerator in the 2026-2029 Strategic Plan may lessen its prominence in sustainable development efforts. We therefore encourage UNDP to use its forthcoming Gender Equality Strategy to show how it will sustain and build on progress. Progress. This includes strengthening partnerships with women's rights organizations, pursuing initiatives like the Gender Equality Seal and Equonomics, bolstering national social protection and care systems, and advocating for gender-responsive policies across all areas. Mr. President, as member states, we remain proud and steadfast partners UNDP and advocates for gender equality. We look forward to continued collaboration in building a more inclusive, sustainable, and equitable world where no one is left behind. Thank you. Thank you, Canada. I now give the floor to the delegation of the United States. You have the floor. Thank you very much, Mr. President, and thank you to UNDP for the presentation. It is the policy of the United States to use clear and accurate language that recognizes two genders and

that women are biologically female and men are biologically male. It is important to acknowledge

the biological reality of sex to support the needs and perspectives of women and girls. Thank you. Gracias. Estados Unidos tiene la palabra. I thank the United States. I give the floor to the representative of the Netherlands. Gracias, Presidente. Thank you, and we align with the joint statement delivered by Canada. I would like to make a few additional remarks. First of all, we appreciate

and welcome UNDP's continued commitment to advancing women's rights and empowerment, including through the inclusion of gender

equality as an accelerator in the draft strategic plan for 2026-2029. The Kingdom of the Netherlands believes that ensuring adequate inclusion of the perspectives and needs of women and girls is key for the effective design and implementation of programming. Inclusion of gender equality and women's rights as an inherent component of all development efforts results in stronger results. We therefore call on UNDP to be vocal in its new strategic plan on how it incorporates gender equality and a human rights-based approach across all of its strategic objectives. We encourage UNEP to continue to work closely with other agencies on achieving gender equality, including UN Women and UNFPA. The reporting mentioned UNEP's commitment to strong implementation of the UN Gender Equality Acceleration Plan. How will the system-wide plan be translated into UNEP's upcoming results framework and budget? And lastly, the UN Gender Equality Acceleration Plan underlines the importance of agency leadership in advancing women's rights. How does UNDP ensure that its leadership at all levels of the organization in all countries plays its part? Thank you. Gracias, Países Bajos. I thank the Netherlands. The interpreters were kind enough to give us an extra few minutes, so I'll give the floor to Mr. Marcos Neto, please. Go ahead. Because of time, what we don't answer now, we'll come back in writing. In that sense, I take note of all the distinguished delegates'

comments and mentions, just to say that when it comes down to the resources that the Canadian statement talked about, there are a multitude— first of all, let me start by

saying that there are reductions in core resources does not make it easy for us to maintain our commitment on the area of gender equality, because a lot of that uses core rather than project-based resources. But we are being very creative on that. First of all, we have a funding window on gender, and it would be great if any other countries can join Luxembourg and the Republic of Korea in supporting supporting the funding window on gender. We also have more and more seen that integration of the gender work into other areas. An interesting example, we have a very large program which is focused on financing biodiversity called Biofin. Well, it turns out that Biofin wanted to understand a women's lens, a gender lens in financing biodiversity, so they now are partnering with Raquel's team and hiring a gender expert who sits in Raquel's team to look at the issues of financing biodiversity. This is how we are creative in terms of allocating the resources and using these integration aspects across multiple ways to look at this. In terms of the leadership of the organization, we actually have a gender program, training program for resident representatives and senior leaders, and it's actually very popular. A lot of the res reps want to be part of that training, and we've run it a couple of years and we'll be running again to maintain vivid those aspects. With that, Mr. President, I'll leave it as it is in terms of time. Thank you. Muchísimas gracias. Obrigado. Thank you very much. Obrigado, Marcos. I think that this offer to continue the dialogue is very useful and very important and shows the openness that these agencies always have to engage in this. If there are no objections, I will take it that the executive I ask the

Executive Board if it wishes to take note of the annual report on the implementation of the UNDP Gender Equality Strategy for 2022 to 2025. It is so decided. Since it's precisely 1 PM, I thank you for being so efficient and effective with our time, and we'll see you, you this afternoon.