{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/en/asset/k1z/k1ze3e68wz","llms":{"note":"Plain-text sibling of this page, compact for LLM context. For the full API guide (search, listing, URL grammar) see /llms.txt.","textUrl":"/en/asset/k1z/k1ze3e68wz.txt","guide":"/llms.txt"},"video":{"id":"k1z/k1ze3e68wz","kaltura_id":"1_ze3e68wz","title":"(Day 2) Sevilla Platform for Action (SPA) Initiatives Announcement - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","clean_title":"(Day 2) Sevilla Platform for Action (SPA) Initiatives Announcement - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","url":"https://webtv.un.org/en/asset/k1z/k1ze3e68wz","date":"2025-07-01T00:00:00.000Z","scheduled_time":"2025-07-01T06:30:00.000Z","status":"finished","duration":"09:51:38","category":"Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k1z/k1ze3e68wz"},"metadata":{"summary":"In the Sevilla Platform for Action (SPA), coalitions of countries and stakeholders are announcing 130 high-impact initiatives to implement the Compromiso de Sevilla - the outcome document of the Fourth International Conference on Financing for Development (FFD4).","description":"A series of announcements will take place at the conference, showcasing a diverse set of voluntary initiatives - to raise resources, build developing country capacity, help address the sustainable development debt crisis, and take steps to improve the financing architecture - reflecting the ambition and global reach of the Sevilla Platform for Action.\nDescription:\n8:30 a.m. - 9:15 a.m.: (1) Global Coalition to Scale up Pre-Arranged Financing: reaching a Global Target by 2035; (2) FX EDGE: Foreign Private Capital Mobilization and Currency Hedging Initiative\n11:30 a.m. - 12:00 p.m.: (1) Global Financing Playbook - Fostering Collaboration across Finance and Development Institutions; (2) Country-driven approaches to financing sustainable development and climate action\n12:20 p.m. - 12:50 p.m.: Enforcing effective Taxation of High Net Worth Individuals. Taxing the Super-rich\n2:00 p.m. - 2:30 p.m.: Public Markets Mobilisation for Development\n3:00 p.m. - 3:45 p.m.: (1) Scaling finance from development finance institutions (DFI): Policy Action Plan for the Mobilisation of Private Finance; (2) Action plan to achieve private investment mobilization objectives and standards of the FfD4 Outcome Document\n4:00 p.m. - 4:30 p.m.: Green Guarantee Group\n6:00 p.m. - 6:30 p.m.: The Hand in Hand Initiative of FAO/UN","categories":["Meetings & Events","Conferences","International Conference on Financing for Development","Fourth Session"],"geographic_subject":[],"subject_topical":["SUSTAINABLE DEVELOPMENT GOALS","DEVELOPMENT FINANCE","TAXATION","FINANCE","MARKET ECONOMY"],"corporate_name":["INTERNATIONAL CONFERENCE ON FINANCING FOR DEVELOPMENT - FFD"],"speaker_affiliation":[],"related_documents":[{"title":"More Info","url":"https://financing.desa.un.org/FFD4"},{"title":"Programme and List of Speakers","url":"https://financing.desa.un.org/sites/default/files/ffd4-documents/2025/FFD4%20SPA-initiative%20announcement-speakers%20and%20description_27%20June.pdf"}]},"transcript":{"transcript_id":"azure-llm-speech-80788a03-7a79-4949-be4d-0e0f36727c35","language":"en","data":[{"statement_number":1,"start":0.59,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=1","paragraphs":[{"sentences":[{"text":"Good morning, everyone.","start":0.59,"end":1.47,"topics":[],"words":[{"text":"Good","start":0.59,"end":0.75},{"text":"morning,","start":0.75,"end":1.07},{"text":"everyone.","start":1.07,"end":1.47}]},{"text":"Thank you for joining us this morning.","start":1.71,"end":3.15,"topics":[],"words":[{"text":"Thank","start":1.71,"end":1.95},{"text":"you","start":1.95,"end":2.03},{"text":"for","start":2.03,"end":2.23},{"text":"joining","start":2.23,"end":2.47},{"text":"us","start":2.47,"end":2.59},{"text":"this","start":2.59,"end":2.75},{"text":"morning.","start":2.75,"end":3.15}]},{"text":"Welcome to this press event, this press conference on a new coalition to support development and prearranged financing and the launch of three major new initiatives to scale up development financing from the Inter-American Development Bank.","start":3.79,"end":16.87,"topics":[{"key":"prearranged-disaster-finance","label":"Prearranged Disaster Finance","description":"Speakers discussed scaling up financing that is arranged before disasters strike, including insurance, contingent credit, and rapid-disbursing facilities. 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also like to welcome all of those, actually most of those attending who are online.","start":16.87,"end":22.43,"topics":[],"words":[{"text":"I'd","start":16.87,"end":17.07},{"text":"also","start":18.19,"end":18.43},{"text":"like","start":18.43,"end":18.59},{"text":"to","start":18.59,"end":18.67},{"text":"welcome","start":18.67,"end":19.07},{"text":"all","start":19.15,"end":19.27},{"text":"of","start":19.27,"end":19.35},{"text":"those,","start":19.35,"end":19.87},{"text":"actually","start":20.35,"end":20.67},{"text":"most","start":20.67,"end":20.99},{"text":"of","start":20.99,"end":21.07},{"text":"those","start":21.07,"end":21.23},{"text":"attending","start":21.23,"end":21.59},{"text":"who","start":21.59,"end":21.67},{"text":"are","start":21.67,"end":21.79},{"text":"online.","start":21.79,"end":22.43}]},{"text":"So thank you for joining us as 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name is Taous Turner.","start":35.43,"end":36.63,"topics":[],"words":[{"text":"My","start":35.43,"end":35.59},{"text":"name","start":35.59,"end":35.75},{"text":"is","start":35.75,"end":35.83},{"text":"Taous","start":35.83,"end":36.15},{"text":"Turner.","start":36.15,"end":36.63}]},{"text":"I work in communications at the IDB, and I'm delighted to be joined this morning by our speakers, the Right Honourable Baroness Chapman of Darlington, the United Kingdom's Minister of State for International Development, Latin America, and the Caribbean, Ilhan Goldfine, President of the Inter-American Development Bank; the Honourable Ryan Stron, Finance Minister from 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we also have two experts in the audience here who can come up to the stage later to answer any technical questions you may 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de Almeida is a member of the Executive Committee of Eco Invest Brazil in Brazil's Treasury.","start":70.23,"end":77.19,"topics":[],"words":[{"text":"Mario","start":70.23,"end":70.79},{"text":"de","start":70.79,"end":71.07},{"text":"Almeida","start":71.07,"end":71.59},{"text":"is","start":72.15,"end":72.31},{"text":"a","start":72.31,"end":72.35},{"text":"member","start":72.35,"end":72.63},{"text":"of","start":72.63,"end":72.71},{"text":"the","start":72.71,"end":72.83},{"text":"Executive","start":72.83,"end":73.43},{"text":"Committee","start":73.43,"end":73.91},{"text":"of","start":73.95,"end":74.15},{"text":"Eco","start":74.23,"end":74.47},{"text":"Invest","start":74.47,"end":75.03},{"text":"Brazil","start":75.03,"end":75.67},{"text":"in","start":76.07,"end":76.19},{"text":"Brazil's","start":76.19,"end":76.63},{"text":"Treasury.","start":76.63,"end":77.19}]},{"text":"And my colleague, our colleague, Anderson Caputo, the Division Chief of Connectivity, Markets and Finance at the IDB.","start":77.59,"end":84.63,"topics":[],"words":[{"text":"And","start":77.59,"end":77.99},{"text":"my","start":77.99,"end":78.15},{"text":"colleague,","start":78.15,"end":78.55},{"text":"our","start":78.71,"end":78.95},{"text":"colleague,","start":78.95,"end":79.35},{"text":"Anderson","start":79.51,"end":80.07},{"text":"Caputo,","start":80.07,"end":80.71},{"text":"the","start":81.19,"end":81.27},{"text":"Division","start":81.27,"end":81.71},{"text":"Chief","start":81.71,"end":81.99},{"text":"of","start":81.99,"end":82.07},{"text":"Connectivity,","start":82.07,"end":82.79},{"text":"Markets","start":82.79,"end":83.19},{"text":"and","start":83.19,"end":83.31},{"text":"Finance","start":83.31,"end":83.83},{"text":"at","start":83.83,"end":83.95},{"text":"the","start":83.95,"end":84.03},{"text":"IDB.","start":84.03,"end":84.63}]},{"text":"We will start with Baroness Chapman.","start":86.71,"end":88.39,"topics":[],"words":[{"text":"We","start":86.71,"end":86.83},{"text":"will","start":86.83,"end":86.99},{"text":"start","start":86.99,"end":87.27},{"text":"with","start":87.27,"end":87.51},{"text":"Baroness","start":87.51,"end":87.91},{"text":"Chapman.","start":87.91,"end":88.39}]},{"text":"The UK has been a great partner for development in Latin America and the Caribbean and to the IDB as a member of the bank for over half a 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this time, it's been providing know-how and financing to support development.","start":98.95,"end":102.95,"topics":[],"words":[{"text":"All","start":98.95,"end":99.11},{"text":"this","start":99.11,"end":99.27},{"text":"time,","start":99.27,"end":99.47},{"text":"it's","start":99.47,"end":99.71},{"text":"been","start":99.71,"end":99.83},{"text":"providing","start":99.83,"end":100.39},{"text":"know-how","start":100.39,"end":100.87},{"text":"and","start":101.03,"end":101.27},{"text":"financing","start":101.27,"end":101.83},{"text":"to","start":101.83,"end":101.99},{"text":"support","start":101.99,"end":102.31},{"text":"development.","start":102.31,"end":102.95}]},{"text":"It's a key part of the IDB's work to be a bridge between the region, Latin America and the Caribbean, and the 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Baroness Chaplin, the floor is yours.","start":120.79,"end":123.43,"topics":[],"words":[{"text":"So,","start":120.79,"end":121.19},{"text":"Baroness","start":121.67,"end":121.99},{"text":"Chaplin,","start":121.99,"end":122.47},{"text":"the","start":122.63,"end":122.79},{"text":"floor","start":122.79,"end":123.03},{"text":"is","start":123.03,"end":123.11},{"text":"yours.","start":123.11,"end":123.43}]}]}],"speaker":{"name":"Taous Turner","affiliation":"IDB","affiliation_full":"IDB","group":null,"function":"Communications"}},{"statement_number":2,"start":130.79,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=131","paragraphs":[{"sentences":[{"text":"Thank you, and I am delighted to be here alongside Barbados and the IDB, the severe platform for action on prearranged finance.","start":130.79,"end":139.63,"topics":[{"key":"prearranged-disaster-finance","label":"Prearranged Disaster Finance","description":"Speakers discussed scaling up financing that is arranged before disasters strike, including 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thank you again for joining us this morning at the launch of this important initiative.","start":290.59,"end":296.03,"topics":[],"words":[{"text":"So","start":290.59,"end":290.91},{"text":"thank","start":290.91,"end":291.19},{"text":"you","start":291.19,"end":291.35},{"text":"again","start":291.35,"end":291.71},{"text":"for","start":292.03,"end":292.35},{"text":"joining","start":292.35,"end":292.75},{"text":"us","start":292.75,"end":292.91},{"text":"this","start":292.91,"end":293.07},{"text":"morning","start":293.07,"end":293.63},{"text":"at","start":293.95,"end":294.11},{"text":"the","start":294.11,"end":294.19},{"text":"launch","start":294.19,"end":294.55},{"text":"of","start":294.55,"end":294.63},{"text":"this","start":294.63,"end":294.83},{"text":"important","start":294.83,"end":295.39},{"text":"initiative.","start":295.39,"end":296.03}]},{"text":"Together, we can change how we respond to disasters.","start":296.03,"end":300.59,"topics":[],"words":[{"text":"Together,","start":296.03,"end":296.99},{"text":"we","start":297.31,"end":297.47},{"text":"can","start":297.47,"end":297.87},{"text":"change","start":297.87,"end":298.35},{"text":"how","start":298.35,"end":298.59},{"text":"we","start":298.59,"end":298.71},{"text":"respond","start":298.71,"end":299.27},{"text":"to","start":299.27,"end":299.71},{"text":"disasters.","start":299.71,"end":300.59}]},{"text":"Thank you.","start":300.67,"end":300.99,"topics":[],"words":[{"text":"Thank","start":300.67,"end":300.91},{"text":"you.","start":300.91,"end":300.99}]}]}],"speaker":{"name":"Baroness Jenny Chapman","affiliation":"GBR","affiliation_full":"United Kingdom of Great Britain and Northern Ireland","group":null,"function":"Minister of State for International Development, Latin America and the 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supporter of development in Latin America and the 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is a moment of global uncertainty and governments face rising fiscal pressure.","start":346.39,"end":352.31,"topics":[],"words":[{"text":"This","start":346.39,"end":346.51},{"text":"is","start":346.51,"end":346.71},{"text":"a","start":346.71,"end":346.75},{"text":"moment","start":346.75,"end":347.19},{"text":"of","start":347.23,"end":347.35},{"text":"global","start":347.35,"end":347.71},{"text":"uncertainty","start":347.71,"end":348.55},{"text":"and","start":348.67,"end":348.83},{"text":"governments","start":348.83,"end":349.35},{"text":"face","start":349.35,"end":349.91},{"text":"rising","start":350.23,"end":350.95},{"text":"fiscal","start":351.27,"end":351.67},{"text":"pressure.","start":351.67,"end":352.31}]},{"text":"They want to address challenges like disasters, but they want to keep their 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this.","start":360.35,"end":363.67,"topics":[],"words":[{"text":"And","start":360.35,"end":360.51},{"text":"prearranged","start":360.51,"end":361.03},{"text":"financing","start":361.03,"end":361.59},{"text":"can","start":361.59,"end":361.83},{"text":"help","start":361.83,"end":362.15},{"text":"do","start":363.03,"end":363.27},{"text":"this.","start":363.27,"end":363.67}]},{"text":"So the IDB endorses this initiative.","start":364.39,"end":366.79,"topics":[],"words":[{"text":"So","start":364.39,"end":364.71},{"text":"the","start":364.71,"end":364.83},{"text":"IDB","start":364.95,"end":365.47},{"text":"endorses","start":365.47,"end":366.03},{"text":"this","start":366.03,"end":366.19},{"text":"initiative.","start":366.19,"end":366.79}]},{"text":"The UK goals align with our broader work to support 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we have causes, the debt causes to pause, but we also now starting to pioneer the transfer of the whole risk to the 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President Goldfan, the support of the IDB has been extraordinary in Barbados's context.","start":782.23,"end":789.43,"topics":[],"words":[{"text":"And","start":782.23,"end":782.79},{"text":"President","start":783.35,"end":783.79},{"text":"Goldfan,","start":783.79,"end":784.39},{"text":"the","start":784.55,"end":784.67},{"text":"support","start":784.79,"end":785.35},{"text":"of","start":785.35,"end":785.43},{"text":"the","start":785.47,"end":785.55},{"text":"IDB","start":785.55,"end":786.07},{"text":"has","start":786.39,"end":786.63},{"text":"been","start":786.63,"end":786.75},{"text":"extraordinary","start":786.75,"end":787.59},{"text":"in","start":787.99,"end":788.15},{"text":"Barbados's","start":788.15,"end":788.83},{"text":"context.","start":788.83,"end":789.43}]},{"text":"And therefore, I want to thank you too for the announcements that you've made here this 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you very much.","start":1272.27,"end":1272.91,"topics":[],"words":[{"text":"Thank","start":1272.27,"end":1272.47},{"text":"you","start":1272.47,"end":1272.55},{"text":"very","start":1272.55,"end":1272.71},{"text":"much.","start":1272.71,"end":1272.91}]}]}],"speaker":{"name":"Ryan Straughn","affiliation":"BRB","affiliation_full":"Barbados","group":null,"function":"Finance Minister"}},{"statement_number":7,"start":1279.15,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=1280","paragraphs":[{"sentences":[{"text":"Thank you very much, Minister Stroh.","start":1279.15,"end":1280.55,"topics":[],"words":[{"text":"Thank","start":1279.15,"end":1279.35},{"text":"you","start":1279.35,"end":1279.43},{"text":"very","start":1279.43,"end":1279.63},{"text":"much,","start":1279.63,"end":1279.87},{"text":"Minister","start":1279.87,"end":1280.27},{"text":"Stroh.","start":1280.27,"end":1280.55}]},{"text":"I should note that there has been a change of scheduling, and President Goldfein will have to run in two minutes 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please join us up here.","start":1329.63,"end":1331.15,"topics":[],"words":[{"text":"Mario,","start":1329.63,"end":1329.95},{"text":"please","start":1329.95,"end":1330.27},{"text":"join","start":1330.51,"end":1330.71},{"text":"us","start":1330.71,"end":1330.83},{"text":"up","start":1330.83,"end":1330.95},{"text":"here.","start":1330.95,"end":1331.15}]},{"text":"Anderson Caputo, another Brazilian who can also help us answer any questions you have and is going to share a little bit about their thinking on a couple of the instruments that President Goldfein just 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you, gentlemen, for joining us.","start":1353.11,"end":1354.51,"topics":[],"words":[{"text":"Thank","start":1353.11,"end":1353.31},{"text":"you,","start":1353.31,"end":1353.39},{"text":"gentlemen,","start":1353.39,"end":1353.75},{"text":"for","start":1353.75,"end":1353.87},{"text":"joining","start":1353.87,"end":1354.15},{"text":"us.","start":1354.15,"end":1354.51}]},{"text":"So a question to Mario.","start":1354.51,"end":1356.31,"topics":[],"words":[{"text":"So","start":1354.51,"end":1355.03},{"text":"a","start":1355.19,"end":1355.27},{"text":"question","start":1355.27,"end":1355.67},{"text":"to","start":1355.67,"end":1355.75},{"text":"Mario.","start":1355.75,"end":1356.31}]},{"text":"President Goldfein announced a very innovative mechanism based on a program we have in Brazil with the Brazilian government, Eco Invest, that has been remarkably successful in mobilizing private sector capital, and so I wanted to ask you What has your experience been with this in 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And for Minister Stroh, How has your experience been at the national level with working with MDBs and international organizations in the private sector?","start":1645.19,"end":1661.39,"topics":[],"words":[{"text":"Thank","start":1645.19,"end":1645.43},{"text":"you,","start":1645.43,"end":1645.55},{"text":"Anderson.","start":1645.55,"end":1646.07},{"text":"And","start":1647.19,"end":1647.51},{"text":"for","start":1647.91,"end":1648.15},{"text":"Minister","start":1648.15,"end":1648.55},{"text":"Stroh,","start":1648.55,"end":1649.11},{"text":"How","start":1652.99,"end":1653.23},{"text":"has","start":1653.23,"end":1653.39},{"text":"your","start":1653.39,"end":1653.63},{"text":"experience","start":1653.63,"end":1654.27},{"text":"been","start":1654.27,"end":1654.63},{"text":"at","start":1654.63,"end":1654.71},{"text":"the","start":1654.71,"end":1654.79},{"text":"national","start":1654.79,"end":1655.39},{"text":"level","start":1655.39,"end":1655.71},{"text":"with","start":1655.71,"end":1656.11},{"text":"working","start":1656.11,"end":1656.59},{"text":"with","start":1656.59,"end":1656.75},{"text":"MDBs","start":1656.75,"end":1657.43},{"text":"and","start":1657.43,"end":1657.71},{"text":"international","start":1657.79,"end":1658.87},{"text":"organizations","start":1658.87,"end":1659.63},{"text":"in","start":1660.35,"end":1660.43},{"text":"the","start":1660.43,"end":1660.55},{"text":"private","start":1660.55,"end":1660.91},{"text":"sector?","start":1660.91,"end":1661.39}]},{"text":"Before coming to the stage, you mentioned that it was important for there to be flexibility in the system.","start":1662.51,"end":1668.35,"topics":[],"words":[{"text":"Before","start":1662.51,"end":1662.83},{"text":"coming","start":1662.83,"end":1663.15},{"text":"to","start":1663.15,"end":1663.23},{"text":"the","start":1663.23,"end":1663.31},{"text":"stage,","start":1663.31,"end":1663.71},{"text":"you","start":1663.71,"end":1664.11},{"text":"mentioned","start":1664.51,"end":1664.83},{"text":"that","start":1664.83,"end":1664.95},{"text":"it","start":1664.95,"end":1665.03},{"text":"was","start":1665.03,"end":1665.15},{"text":"important","start":1665.15,"end":1665.59},{"text":"for","start":1666.43,"end":1666.67},{"text":"there","start":1666.67,"end":1666.79},{"text":"to","start":1666.79,"end":1666.87},{"text":"be","start":1666.87,"end":1666.99},{"text":"flexibility","start":1666.99,"end":1667.71},{"text":"in","start":1667.71,"end":1667.79},{"text":"the","start":1667.79,"end":1667.87},{"text":"system.","start":1667.87,"end":1668.35}]},{"text":"What did you mean by that?","start":1669.43,"end":1670.51,"topics":[],"words":[{"text":"What","start":1669.43,"end":1669.63},{"text":"did","start":1669.63,"end":1669.79},{"text":"you","start":1669.79,"end":1669.87},{"text":"mean","start":1669.87,"end":1670.11},{"text":"by","start":1670.11,"end":1670.23},{"text":"that?","start":1670.23,"end":1670.51}]},{"text":"And is there anything you'd like to say about that with your experience?","start":1670.51,"end":1673.87,"topics":[],"words":[{"text":"And","start":1670.51,"end":1670.63},{"text":"is","start":1670.63,"end":1671.23},{"text":"there","start":1671.23,"end":1671.35},{"text":"anything","start":1671.35,"end":1671.59},{"text":"you'd","start":1671.59,"end":1671.83},{"text":"like","start":1671.83,"end":1671.95},{"text":"to","start":1671.95,"end":1672.07},{"text":"say","start":1672.27,"end":1672.51},{"text":"about","start":1672.51,"end":1672.75},{"text":"that","start":1672.75,"end":1673.07},{"text":"with","start":1673.07,"end":1673.19},{"text":"your","start":1673.19,"end":1673.31},{"text":"experience?","start":1673.31,"end":1673.87}]}]}],"speaker":{"name":"Taous Turner","affiliation":"IDB","affiliation_full":"IDB","group":null,"function":"Communications"}},{"statement_number":14,"start":1677.63,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=1678","paragraphs":[{"sentences":[{"text":"Yes. So We have had a very deliberate approach in terms of working with MDBs to be able to craft solutions in this area.","start":1677.63,"end":1688.19,"topics":[{"key":"innovative-debt-instruments","label":"Innovative Debt Instruments","description":"Speakers referred to debt clauses, debt pauses, and debt swaps as tools to create fiscal space during shocks and support resilience investments. 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so therefore, with the World Bank, we had a similar discussion.","start":1802.27,"end":1804.59,"topics":[],"words":[{"text":"And","start":1802.27,"end":1802.43},{"text":"so","start":1802.43,"end":1802.59},{"text":"therefore,","start":1802.59,"end":1802.95},{"text":"with","start":1802.95,"end":1803.11},{"text":"the","start":1803.11,"end":1803.19},{"text":"World","start":1803.19,"end":1803.39},{"text":"Bank,","start":1803.39,"end":1803.59},{"text":"we","start":1803.59,"end":1803.71},{"text":"had","start":1803.71,"end":1803.83},{"text":"a","start":1803.83,"end":1803.87},{"text":"similar","start":1803.87,"end":1804.15},{"text":"discussion.","start":1804.15,"end":1804.59}]},{"text":"We're having a similar discussion with CAF, because the whole point of having the prearranged financing in place is to have scale and have multiple parties be able to come and contribute so that you're not necessarily dependent on a single 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Drummond from the Sharing Strategies Network.","start":1906.62,"end":1909.62,"topics":[],"words":[{"text":"Jamie","start":1906.62,"end":1906.9},{"text":"Drummond","start":1906.9,"end":1907.46},{"text":"from","start":1907.46,"end":1907.7},{"text":"the","start":1907.7,"end":1907.82},{"text":"Sharing","start":1908.1,"end":1908.5},{"text":"Strategies","start":1908.54,"end":1909.06},{"text":"Network.","start":1909.06,"end":1909.62}]},{"text":"First of all, congratulations on this series of innovations.","start":1910.02,"end":1913.78,"topics":[],"words":[{"text":"First","start":1910.02,"end":1910.22},{"text":"of","start":1910.22,"end":1910.3},{"text":"all,","start":1910.3,"end":1910.38},{"text":"congratulations","start":1910.38,"end":1911.38},{"text":"on","start":1911.38,"end":1911.54},{"text":"this","start":1911.54,"end":1912.02},{"text":"series","start":1912.58,"end":1912.98},{"text":"of","start":1912.98,"end":1913.06},{"text":"innovations.","start":1913.06,"end":1913.78}]},{"text":"It's exactly what this platform for action is about.","start":1913.82,"end":1916.26,"topics":[],"words":[{"text":"It's","start":1913.82,"end":1914.06},{"text":"exactly","start":1914.22,"end":1914.58},{"text":"what","start":1914.58,"end":1914.74},{"text":"this","start":1914.74,"end":1914.9},{"text":"platform","start":1914.9,"end":1915.3},{"text":"for","start":1915.3,"end":1915.5},{"text":"action","start":1915.5,"end":1915.74},{"text":"is","start":1915.74,"end":1915.86},{"text":"about.","start":1915.86,"end":1916.26}]},{"text":"So it's great to see.","start":1916.26,"end":1917.7,"topics":[],"words":[{"text":"So","start":1916.26,"end":1916.5},{"text":"it's","start":1916.66,"end":1916.98},{"text":"great","start":1916.98,"end":1917.26},{"text":"to","start":1917.26,"end":1917.34},{"text":"see.","start":1917.34,"end":1917.7}]},{"text":"especially on nearly the third anniversary of the Bridgetown Summit, nearly three years ago, Avinash.","start":1918.31,"end":1924.71,"topics":[],"words":[{"text":"especially","start":1918.31,"end":1918.87},{"text":"on","start":1918.87,"end":1919.07},{"text":"nearly","start":1919.07,"end":1919.35},{"text":"the","start":1919.35,"end":1919.47},{"text":"third","start":1919.47,"end":1919.83},{"text":"anniversary","start":1919.83,"end":1920.47},{"text":"of","start":1920.47,"end":1920.63},{"text":"the","start":1920.63,"end":1920.79},{"text":"Bridgetown","start":1920.87,"end":1921.59},{"text":"Summit,","start":1922.23,"end":1922.79},{"text":"nearly","start":1923.35,"end":1923.67},{"text":"three","start":1923.67,"end":1923.83},{"text":"years","start":1923.83,"end":1923.99},{"text":"ago,","start":1923.99,"end":1924.11},{"text":"Avinash.","start":1924.11,"end":1924.71}]},{"text":"So thank 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given, for example, the cuts in the UK to ODA, we hope to see offsetting compensatory innovative financing that's at least as much as the cuts have delivered and I think this kind of initiative can help get us there and beyond hopefully.","start":1933.91,"end":1950.03,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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and therefore any effort that we make with respect to MDBs is properly coordinated.","start":2161.95,"end":2169.31,"topics":[],"words":[{"text":"consistently,","start":2161.95,"end":2162.75},{"text":"and","start":2163.31,"end":2163.55},{"text":"therefore","start":2163.55,"end":2164.27},{"text":"any","start":2164.59,"end":2164.91},{"text":"effort","start":2164.91,"end":2165.19},{"text":"that","start":2165.19,"end":2165.31},{"text":"we","start":2165.31,"end":2165.47},{"text":"make","start":2165.47,"end":2165.75},{"text":"with","start":2165.75,"end":2165.91},{"text":"respect","start":2165.91,"end":2166.43},{"text":"to","start":2166.47,"end":2166.83},{"text":"MDBs","start":2166.83,"end":2167.71},{"text":"is","start":2168.03,"end":2168.19},{"text":"properly","start":2168.19,"end":2168.63},{"text":"coordinated.","start":2168.63,"end":2169.31}]},{"text":"So I think what we've been able to do with the Global Shield in the context of how do we get the countries in the V20 to have these prearranged financing mechanisms in place is key.","start":2169.63,"end":2183.63,"topics":[{"key":"prearranged-disaster-finance","label":"Prearranged Disaster Finance","description":"Speakers discussed scaling up financing that is arranged before disasters strike, including insurance, contingent credit, and rapid-disbursing facilities. 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I'm a researcher on local currency financing.","start":2324.17,"end":2328.25,"topics":[{"key":"local-currency-financing","label":"Local Currency Financing","description":"Several interventions focused on reducing foreign-exchange risk and expanding financing in local currency through hedging tools, liquidity facilities, and blended structures. 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And I love local currency financing.","start":2373.39,"end":2377.19,"topics":[{"key":"local-currency-financing","label":"Local Currency Financing","description":"Several interventions focused on reducing foreign-exchange risk and expanding financing in local currency through hedging tools, liquidity facilities, and blended structures. This was presented as a way to lower costs, attract investors, and make development finance more sustainable in domestic markets."}],"words":[{"text":"Okay.","start":2373.39,"end":2373.79},{"text":"And","start":2375.03,"end":2375.27},{"text":"I","start":2375.27,"end":2375.51},{"text":"love","start":2375.59,"end":2375.83},{"text":"local","start":2375.83,"end":2376.15},{"text":"currency","start":2376.15,"end":2376.55},{"text":"financing.","start":2376.55,"end":2377.19}]},{"text":"And then the MDBs, since last year, with what we call the MDBs viewpoint, elected local currency finance and FX solutions as one of the priorities.","start":2379.03,"end":2391.59,"topics":[{"key":"local-currency-financing","label":"Local Currency Financing","description":"Several interventions focused on reducing foreign-exchange risk and expanding financing in local currency through hedging tools, liquidity facilities, and blended structures. 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This was presented as a way to lower costs, attract investors, and make development finance more sustainable in domestic markets."}],"words":[{"text":"And","start":2404.27,"end":2404.75},{"text":"we","start":2404.75,"end":2404.87},{"text":"are","start":2404.87,"end":2404.95},{"text":"following","start":2404.95,"end":2405.39},{"text":"through","start":2405.39,"end":2405.71},{"text":"this","start":2405.71,"end":2405.95},{"text":"year","start":2405.95,"end":2406.27},{"text":"in","start":2406.43,"end":2406.59},{"text":"terms","start":2406.59,"end":2406.91},{"text":"of","start":2406.91,"end":2407.07},{"text":"broad","start":2407.07,"end":2407.31},{"text":"local","start":2407.31,"end":2407.63},{"text":"currency","start":2407.63,"end":2407.99},{"text":"financing.","start":2407.99,"end":2408.59}]},{"text":"The EcoInvest was one of the solutions that was presented there.","start":2409.87,"end":2413.71,"topics":[],"words":[{"text":"The","start":2409.87,"end":2410.07},{"text":"EcoInvest","start":2410.19,"end":2410.91},{"text":"was","start":2410.91,"end":2411.15},{"text":"one","start":2411.15,"end":2411.47},{"text":"of","start":2411.47,"end":2411.63},{"text":"the","start":2411.63,"end":2411.71},{"text":"solutions","start":2411.71,"end":2412.39},{"text":"that","start":2412.39,"end":2412.67},{"text":"was","start":2412.67,"end":2412.91},{"text":"presented","start":2412.91,"end":2413.47},{"text":"there.","start":2413.47,"end":2413.71}]},{"text":"So all the MDBs, they know about EcoInvest and have their eyes into this and how it's progressing.","start":2413.95,"end":2420.83,"topics":[],"words":[{"text":"So","start":2413.95,"end":2414.27},{"text":"all","start":2414.27,"end":2414.43},{"text":"the","start":2414.43,"end":2414.63},{"text":"MDBs,","start":2414.75,"end":2415.55},{"text":"they","start":2415.55,"end":2416.03},{"text":"know","start":2416.03,"end":2416.35},{"text":"about","start":2416.35,"end":2416.75},{"text":"EcoInvest","start":2416.75,"end":2417.35},{"text":"and","start":2417.35,"end":2417.55},{"text":"have","start":2417.87,"end":2418.11},{"text":"their","start":2418.11,"end":2418.35},{"text":"eyes","start":2418.35,"end":2418.83},{"text":"into","start":2419.07,"end":2419.47},{"text":"this","start":2419.47,"end":2419.67},{"text":"and","start":2419.67,"end":2419.79},{"text":"how","start":2419.79,"end":2419.95},{"text":"it's","start":2419.95,"end":2420.19},{"text":"progressing.","start":2420.19,"end":2420.83}]},{"text":"Now it's a new program.","start":2420.83,"end":2422.59,"topics":[],"words":[{"text":"Now","start":2420.83,"end":2421.03},{"text":"it's","start":2421.03,"end":2421.31},{"text":"a","start":2421.31,"end":2421.39},{"text":"new","start":2421.87,"end":2422.11},{"text":"program.","start":2422.11,"end":2422.59}]},{"text":"And then we see this as a next step.","start":2422.83,"end":2424.91,"topics":[],"words":[{"text":"And","start":2422.83,"end":2423.03},{"text":"then","start":2423.03,"end":2423.23},{"text":"we","start":2423.23,"end":2423.39},{"text":"see","start":2423.39,"end":2423.63},{"text":"this","start":2423.63,"end":2423.95},{"text":"as","start":2423.95,"end":2424.11},{"text":"a","start":2424.11,"end":2424.15},{"text":"next","start":2424.15,"end":2424.51},{"text":"step.","start":2424.51,"end":2424.91}]},{"text":"We are announcing that now we are ready in Brazil with what we have learned.","start":2424.91,"end":2429.95,"topics":[],"words":[{"text":"We","start":2424.91,"end":2425.07},{"text":"are","start":2425.07,"end":2425.15},{"text":"announcing","start":2425.15,"end":2425.79},{"text":"that","start":2425.95,"end":2426.27},{"text":"now","start":2426.27,"end":2426.67},{"text":"we","start":2426.67,"end":2427.03},{"text":"are","start":2427.03,"end":2427.27},{"text":"ready","start":2427.27,"end":2427.79},{"text":"in","start":2427.79,"end":2428.15},{"text":"Brazil","start":2428.15,"end":2428.55},{"text":"with","start":2428.55,"end":2428.79},{"text":"what","start":2428.79,"end":2429.15},{"text":"we","start":2429.15,"end":2429.23},{"text":"have","start":2429.23,"end":2429.47},{"text":"learned.","start":2429.47,"end":2429.95}]},{"text":"Because we have hedging tools with derivatives, we have the FX liquidity facility that our president mentioned, we have blended financing.","start":2430.23,"end":2439.11,"topics":[{"key":"local-currency-financing","label":"Local Currency Financing","description":"Several interventions focused on reducing foreign-exchange risk and expanding financing in local currency through hedging tools, liquidity facilities, and blended structures. This was presented as a way to lower costs, attract investors, and make development finance more sustainable in domestic markets."},{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. Examples included catalytic capital, guarantees, and structured vehicles designed to make projects bankable in climate, infrastructure, and development sectors."}],"words":[{"text":"Because","start":2430.23,"end":2430.79},{"text":"we","start":2430.79,"end":2430.87},{"text":"have","start":2430.87,"end":2431.19},{"text":"hedging","start":2431.19,"end":2431.75},{"text":"tools","start":2431.75,"end":2432.31},{"text":"with","start":2432.31,"end":2432.63},{"text":"derivatives,","start":2432.63,"end":2433.35},{"text":"we","start":2433.59,"end":2433.71},{"text":"have","start":2433.71,"end":2433.91},{"text":"the","start":2433.91,"end":2434.03},{"text":"FX","start":2434.03,"end":2434.47},{"text":"liquidity","start":2434.47,"end":2434.87},{"text":"facility","start":2434.87,"end":2435.35},{"text":"that","start":2435.35,"end":2435.67},{"text":"our","start":2435.67,"end":2435.83},{"text":"president","start":2435.83,"end":2436.31},{"text":"mentioned,","start":2436.31,"end":2436.95},{"text":"we","start":2437.83,"end":2437.95},{"text":"have","start":2437.95,"end":2438.19},{"text":"blended","start":2438.19,"end":2438.55},{"text":"financing.","start":2438.55,"end":2439.11}]},{"text":"So we are ready to start getting more information to all the MDBs and the MDBs then start advocating for similar solutions in their respective 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far as the IDB is regards, we have two things, in terms of eligibility, what with the kind support of the UK, we are going to be able to do with the funds that they provide is to support at least two countries now to replicate in Latin America.","start":2452.23,"end":2471.27,"topics":[],"words":[{"text":"As","start":2452.23,"end":2452.39},{"text":"far","start":2452.39,"end":2452.71},{"text":"as","start":2452.71,"end":2452.87},{"text":"the","start":2452.87,"end":2452.99},{"text":"IDB","start":2452.99,"end":2453.63},{"text":"is","start":2453.63,"end":2455.19},{"text":"regards,","start":2455.27,"end":2455.87},{"text":"we","start":2455.99,"end":2456.15},{"text":"have","start":2456.15,"end":2456.39},{"text":"two","start":2456.39,"end":2456.71},{"text":"things,","start":2457.03,"end":2457.35},{"text":"in","start":2457.51,"end":2457.63},{"text":"terms","start":2457.63,"end":2457.91},{"text":"of","start":2457.91,"end":2458.07},{"text":"eligibility,","start":2458.07,"end":2458.87},{"text":"what","start":2459.19,"end":2459.59},{"text":"with","start":2459.59,"end":2459.87},{"text":"the","start":2459.87,"end":2459.95},{"text":"kind","start":2459.95,"end":2460.23},{"text":"support","start":2460.23,"end":2460.67},{"text":"of","start":2460.67,"end":2460.79},{"text":"the","start":2460.79,"end":2460.91},{"text":"UK,","start":2460.91,"end":2461.51},{"text":"we","start":2461.51,"end":2461.75},{"text":"are","start":2461.95,"end":2462.15},{"text":"going","start":2462.15,"end":2462.47},{"text":"to","start":2462.47,"end":2462.59},{"text":"be","start":2462.59,"end":2462.75},{"text":"able","start":2462.75,"end":2462.95},{"text":"to","start":2462.95,"end":2463.11},{"text":"do","start":2463.11,"end":2463.43},{"text":"with","start":2463.99,"end":2464.35},{"text":"the","start":2464.35,"end":2464.47},{"text":"funds","start":2464.47,"end":2464.95},{"text":"that","start":2464.95,"end":2465.11},{"text":"they","start":2465.11,"end":2465.27},{"text":"provide","start":2465.27,"end":2465.91},{"text":"is","start":2465.91,"end":2466.11},{"text":"to","start":2466.11,"end":2466.19},{"text":"support","start":2466.19,"end":2466.79},{"text":"at","start":2467.03,"end":2467.19},{"text":"least","start":2467.19,"end":2467.55},{"text":"two","start":2467.55,"end":2467.71},{"text":"countries","start":2467.71,"end":2468.39},{"text":"now","start":2468.39,"end":2468.79},{"text":"to","start":2469.11,"end":2469.51},{"text":"replicate","start":2469.51,"end":2470.19},{"text":"in","start":2470.19,"end":2470.31},{"text":"Latin","start":2470.31,"end":2470.63},{"text":"America.","start":2470.63,"end":2471.27}]},{"text":"But when I mention replicate, let me correct, because it's not complete like copy and cat.","start":2472.23,"end":2478.23,"topics":[],"words":[{"text":"But","start":2472.23,"end":2472.55},{"text":"when","start":2472.59,"end":2472.87},{"text":"I","start":2472.87,"end":2472.95},{"text":"mention","start":2472.95,"end":2473.35},{"text":"replicate,","start":2473.35,"end":2473.83},{"text":"let","start":2473.83,"end":2474.07},{"text":"me","start":2474.07,"end":2474.19},{"text":"correct,","start":2474.19,"end":2474.71},{"text":"because","start":2474.99,"end":2475.23},{"text":"it's","start":2475.43,"end":2475.83},{"text":"not","start":2475.83,"end":2475.99},{"text":"complete","start":2475.99,"end":2476.55},{"text":"like","start":2476.55,"end":2476.71},{"text":"copy","start":2476.71,"end":2477.07},{"text":"and","start":2477.07,"end":2477.51},{"text":"cat.","start":2477.51,"end":2478.23}]},{"text":"So it's really adapt, like look at the solutions, how the lessons learned in Brazil can be transferred and what else we can build.","start":2478.23,"end":2486.79,"topics":[],"words":[{"text":"So","start":2478.23,"end":2478.35},{"text":"it's","start":2478.35,"end":2478.63},{"text":"really","start":2478.63,"end":2479.03},{"text":"adapt,","start":2479.31,"end":2480.15},{"text":"like","start":2480.31,"end":2480.55},{"text":"look","start":2480.55,"end":2480.87},{"text":"at","start":2480.87,"end":2481.03},{"text":"the","start":2481.03,"end":2481.51},{"text":"solutions,","start":2482.23,"end":2483.03},{"text":"how","start":2483.19,"end":2483.43},{"text":"the","start":2483.43,"end":2483.59},{"text":"lessons","start":2483.59,"end":2483.95},{"text":"learned","start":2483.95,"end":2484.19},{"text":"in","start":2484.19,"end":2484.27},{"text":"Brazil","start":2484.27,"end":2484.55},{"text":"can","start":2484.55,"end":2484.71},{"text":"be","start":2484.71,"end":2484.87},{"text":"transferred","start":2484.87,"end":2485.35},{"text":"and","start":2485.51,"end":2485.67},{"text":"what","start":2485.67,"end":2485.91},{"text":"else","start":2485.91,"end":2486.11},{"text":"we","start":2486.11,"end":2486.23},{"text":"can","start":2486.23,"end":2486.39},{"text":"build.","start":2486.39,"end":2486.79}]},{"text":"So in terms of this solutions.","start":2487.51,"end":2489.67,"topics":[],"words":[{"text":"So","start":2487.51,"end":2488.39},{"text":"in","start":2488.39,"end":2488.47},{"text":"terms","start":2488.47,"end":2488.75},{"text":"of","start":2488.75,"end":2488.87},{"text":"this","start":2488.87,"end":2489.07},{"text":"solutions.","start":2489.15,"end":2489.67}]},{"text":"So in Latin America, we will start with two countries that we intend to move to.","start":2489.91,"end":2495.11,"topics":[],"words":[{"text":"So","start":2489.91,"end":2490.43},{"text":"in","start":2490.43,"end":2490.51},{"text":"Latin","start":2490.51,"end":2490.79},{"text":"America,","start":2490.79,"end":2491.19},{"text":"we","start":2491.19,"end":2491.31},{"text":"will","start":2491.31,"end":2491.43},{"text":"start","start":2491.43,"end":2491.75},{"text":"with","start":2491.75,"end":2491.95},{"text":"two","start":2491.95,"end":2492.15},{"text":"countries","start":2492.15,"end":2492.63},{"text":"that","start":2492.63,"end":2492.87},{"text":"we","start":2492.87,"end":2493.27},{"text":"intend","start":2493.35,"end":2493.75},{"text":"to","start":2493.75,"end":2494.07},{"text":"move","start":2494.47,"end":2494.79},{"text":"to.","start":2494.79,"end":2495.11}]},{"text":"And then we are also working then with the other MDBs, like passing these lessons learned and supporting them to then reach out to countries and then they would implement.","start":2495.43,"end":2506.55,"topics":[],"words":[{"text":"And","start":2495.43,"end":2495.63},{"text":"then","start":2495.63,"end":2495.83},{"text":"we","start":2495.83,"end":2496.07},{"text":"are","start":2496.07,"end":2496.15},{"text":"also","start":2496.15,"end":2496.47},{"text":"working","start":2496.47,"end":2497.11},{"text":"then","start":2497.11,"end":2497.43},{"text":"with","start":2497.43,"end":2498.03},{"text":"the","start":2498.07,"end":2498.35},{"text":"other","start":2498.35,"end":2498.51},{"text":"MDBs,","start":2498.51,"end":2499.19},{"text":"like","start":2499.59,"end":2499.83},{"text":"passing","start":2499.83,"end":2500.31},{"text":"these","start":2500.31,"end":2500.47},{"text":"lessons","start":2500.47,"end":2500.95},{"text":"learned","start":2500.95,"end":2501.23},{"text":"and","start":2501.23,"end":2501.35},{"text":"supporting","start":2501.35,"end":2502.07},{"text":"them","start":2502.07,"end":2502.47},{"text":"to","start":2502.79,"end":2503.27},{"text":"then","start":2503.27,"end":2503.43},{"text":"reach","start":2503.43,"end":2503.67},{"text":"out","start":2503.67,"end":2503.95},{"text":"to","start":2503.95,"end":2504.03},{"text":"countries","start":2504.03,"end":2504.55},{"text":"and","start":2504.55,"end":2504.67},{"text":"then","start":2504.67,"end":2504.95},{"text":"they","start":2504.95,"end":2505.35},{"text":"would","start":2505.35,"end":2505.75},{"text":"implement.","start":2505.83,"end":2506.55}]},{"text":"So eligibility is this, like we control the, but like in Latin America?","start":2506.87,"end":2513.27,"topics":[],"words":[{"text":"So","start":2506.87,"end":2507.11},{"text":"eligibility","start":2507.11,"end":2507.79},{"text":"is","start":2507.79,"end":2507.91},{"text":"this,","start":2507.91,"end":2508.11},{"text":"like","start":2508.11,"end":2508.31},{"text":"we","start":2508.31,"end":2508.47},{"text":"control","start":2508.47,"end":2508.95},{"text":"the,","start":2509.27,"end":2509.75},{"text":"but","start":2511.59,"end":2511.83},{"text":"like","start":2512.15,"end":2512.51},{"text":"in","start":2512.51,"end":2512.59},{"text":"Latin","start":2512.59,"end":2512.87},{"text":"America?","start":2512.87,"end":2513.27}]}]}],"speaker":{"name":"Anderson Caputo","affiliation":"IDB","affiliation_full":"IDB","group":null,"function":"Division Chief of Connectivity, Markets and Finance"}},{"statement_number":29,"start":2513.51,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=2514","paragraphs":[{"sentences":[{"text":"Yes. May I just a few comments?","start":2513.51,"end":2517.59,"topics":[],"words":[{"text":"Yes.","start":2513.51,"end":2513.91},{"text":"May","start":2514.47,"end":2514.63},{"text":"I","start":2514.71,"end":2514.79},{"text":"just","start":2515.19,"end":2516.31},{"text":"a","start":2516.79,"end":2516.87},{"text":"few","start":2516.95,"end":2517.19},{"text":"comments?","start":2517.19,"end":2517.59}]},{"text":"So in terms of our experience in Brazil, we, as we have a very large financial system, we use our internal commercial banks to scale up the amount of the investments.","start":2518.11,"end":2531.47,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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Examples included catalytic capital, guarantees, and structured vehicles designed to make projects bankable in climate, infrastructure, and development sectors."}],"words":[{"text":"So","start":2607.75,"end":2608.15},{"text":"reducing","start":2610.47,"end":2610.95},{"text":"the","start":2610.95,"end":2611.07},{"text":"cost","start":2611.07,"end":2611.51},{"text":"of","start":2611.51,"end":2611.75},{"text":"raising","start":2612.47,"end":2612.91},{"text":"new","start":2612.91,"end":2613.11},{"text":"capital.","start":2613.11,"end":2613.75}]},{"text":"But it's very particular for our case in Brazil.","start":2614.71,"end":2617.67,"topics":[],"words":[{"text":"But","start":2614.71,"end":2615.03},{"text":"it's","start":2615.03,"end":2615.35},{"text":"very","start":2615.43,"end":2615.67},{"text":"particular","start":2615.67,"end":2616.15},{"text":"for","start":2616.15,"end":2616.39},{"text":"our","start":2616.39,"end":2616.79},{"text":"case","start":2616.79,"end":2617.11},{"text":"in","start":2617.11,"end":2617.23},{"text":"Brazil.","start":2617.23,"end":2617.67}]},{"text":"So like Anderson said, I think that this kind of instrument should be applied and stored into environment in very particular country that you have in this, in our area.","start":2617.67,"end":2636.35,"topics":[{"key":"country-led-financing","label":"Country-Led Financing Frameworks","description":"A major theme was that countries should define their own financing priorities through tools such as integrated national financing frameworks and country platforms. 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de Almeida","affiliation":"BRA","affiliation_full":"Brazil","group":null,"function":"Member of the Executive Committee of Eco Invest Brazil"}},{"statement_number":30,"start":2637.79,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=2638","paragraphs":[{"sentences":[{"text":"I think we have time for one more question before we wrap up here.","start":2637.79,"end":2640.83,"topics":[],"words":[{"text":"I","start":2637.79,"end":2637.87},{"text":"think","start":2638.11,"end":2638.31},{"text":"we","start":2638.31,"end":2638.39},{"text":"have","start":2638.39,"end":2638.59},{"text":"time","start":2638.59,"end":2638.79},{"text":"for","start":2638.79,"end":2638.91},{"text":"one","start":2638.91,"end":2639.07},{"text":"more","start":2639.07,"end":2639.23},{"text":"question","start":2639.23,"end":2639.59},{"text":"before","start":2639.59,"end":2639.87},{"text":"we","start":2639.87,"end":2640.03},{"text":"wrap","start":2640.11,"end":2640.43},{"text":"up","start":2640.43,"end":2640.51},{"text":"here.","start":2640.51,"end":2640.83}]},{"text":"In the back there.","start":2641.55,"end":2642.19,"topics":[],"words":[{"text":"In","start":2641.55,"end":2641.63},{"text":"the","start":2641.63,"end":2641.71},{"text":"back","start":2641.71,"end":2641.95},{"text":"there.","start":2641.95,"end":2642.19}]}]}],"speaker":{"name":"Taous 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discussion.","start":2652.39,"end":2655.99,"topics":[],"words":[{"text":"Thank","start":2652.39,"end":2652.71},{"text":"you","start":2652.71,"end":2652.79},{"text":"very","start":2652.79,"end":2652.95},{"text":"much","start":2652.95,"end":2653.27},{"text":"to","start":2653.27,"end":2653.43},{"text":"all","start":2653.43,"end":2653.51},{"text":"the","start":2653.51,"end":2653.63},{"text":"panelists","start":2653.63,"end":2654.31},{"text":"for","start":2654.31,"end":2654.43},{"text":"a","start":2654.43,"end":2654.47},{"text":"very","start":2654.55,"end":2654.83},{"text":"interesting","start":2654.83,"end":2655.43},{"text":"discussion.","start":2655.43,"end":2655.99}]},{"text":"This is Sophie Powell from Christian 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I said, there's a lot we can do with the system we have.","start":12109.07,"end":12111.87,"topics":[],"words":[{"text":"And","start":12109.07,"end":12109.19},{"text":"I","start":12109.19,"end":12109.23},{"text":"said,","start":12109.23,"end":12109.55},{"text":"there's","start":12109.63,"end":12109.95},{"text":"a","start":12109.95,"end":12110.03},{"text":"lot","start":12110.03,"end":12110.23},{"text":"we","start":12110.27,"end":12110.43},{"text":"can","start":12110.43,"end":12110.59},{"text":"do","start":12110.59,"end":12110.75},{"text":"with","start":12110.75,"end":12110.91},{"text":"the","start":12110.91,"end":12110.99},{"text":"system","start":12110.99,"end":12111.35},{"text":"we","start":12111.35,"end":12111.51},{"text":"have.","start":12111.51,"end":12111.87}]},{"text":"There's a lot we can do with the system we 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tell you we are doing stuff and all these things actually can really move the needle.","start":12168.15,"end":12172.39,"topics":[],"words":[{"text":"can","start":12168.15,"end":12168.31},{"text":"tell","start":12168.31,"end":12168.55},{"text":"you","start":12168.55,"end":12168.67},{"text":"we","start":12168.67,"end":12168.83},{"text":"are","start":12168.83,"end":12168.95},{"text":"doing","start":12168.95,"end":12169.23},{"text":"stuff","start":12169.23,"end":12169.55},{"text":"and","start":12169.55,"end":12169.91},{"text":"all","start":12169.91,"end":12170.03},{"text":"these","start":12170.03,"end":12170.15},{"text":"things","start":12170.15,"end":12170.39},{"text":"actually","start":12170.39,"end":12170.71},{"text":"can","start":12170.71,"end":12170.95},{"text":"really","start":12171.03,"end":12171.43},{"text":"move","start":12171.59,"end":12171.91},{"text":"the","start":12171.91,"end":12171.99},{"text":"needle.","start":12171.99,"end":12172.39}]},{"text":"So the only thing that we 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do a lot of coordination.","start":12580.99,"end":12582.19,"topics":[],"words":[{"text":"We","start":12580.99,"end":12581.15},{"text":"do","start":12581.15,"end":12581.27},{"text":"a","start":12581.27,"end":12581.31},{"text":"lot","start":12581.31,"end":12581.43},{"text":"of","start":12581.43,"end":12581.55},{"text":"coordination.","start":12581.55,"end":12582.19}]},{"text":"My colleague, Minister of Finance, is here.","start":12582.19,"end":12583.87,"topics":[],"words":[{"text":"My","start":12582.19,"end":12582.43},{"text":"colleague,","start":12582.43,"end":12582.75},{"text":"Minister","start":12582.75,"end":12583.07},{"text":"of","start":12583.07,"end":12583.15},{"text":"Finance,","start":12583.15,"end":12583.55},{"text":"is","start":12583.55,"end":12583.63},{"text":"here.","start":12583.63,"end":12583.87}]},{"text":"We, you know, everybody works together in the Economic Committee to ensure that the different multilateral tools are actually implemented in the most efficient and 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let's shed light on country examples that have worked.","start":12592.83,"end":12595.47,"topics":[],"words":[{"text":"So","start":12592.83,"end":12592.99},{"text":"let's","start":12592.99,"end":12593.27},{"text":"shed","start":12593.27,"end":12593.47},{"text":"light","start":12593.47,"end":12593.75},{"text":"on","start":12593.75,"end":12593.87},{"text":"country","start":12593.87,"end":12594.27},{"text":"examples","start":12594.27,"end":12594.75},{"text":"that","start":12594.75,"end":12594.91},{"text":"have","start":12594.91,"end":12595.03},{"text":"worked.","start":12595.03,"end":12595.47}]},{"text":"They take a lot of effort, but at the end of the day, they have delivered.","start":12596.19,"end":12598.91,"topics":[],"words":[{"text":"They","start":12596.19,"end":12596.31},{"text":"take","start":12596.31,"end":12596.51},{"text":"a","start":12596.51,"end":12596.55},{"text":"lot","start":12596.55,"end":12596.71},{"text":"of","start":12596.71,"end":12596.83},{"text":"effort,","start":12596.83,"end":12597.11},{"text":"but","start":12597.11,"end":12597.27},{"text":"at","start":12597.27,"end":12597.35},{"text":"the","start":12597.35,"end":12597.43},{"text":"end","start":12597.43,"end":12597.59},{"text":"of","start":12597.59,"end":12597.71},{"text":"the","start":12597.71,"end":12597.79},{"text":"day,","start":12597.79,"end":12597.95},{"text":"they","start":12597.95,"end":12598.11},{"text":"have","start":12598.11,"end":12598.35},{"text":"delivered.","start":12598.35,"end":12598.91}]},{"text":"So congratulations to the Seville Platform for Action and very happy that we partner with you on this and show a country example that 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audience.","start":12636.23,"end":12639.75,"topics":[],"words":[{"text":"We","start":12636.23,"end":12636.39},{"text":"have","start":12636.39,"end":12636.55},{"text":"one","start":12636.63,"end":12636.87},{"text":"more","start":12636.87,"end":12637.03},{"text":"question","start":12637.03,"end":12637.51},{"text":"from","start":12637.51,"end":12637.83},{"text":"the","start":12637.83,"end":12638.03},{"text":"audience.","start":12639.23,"end":12639.75}]},{"text":"We are over time, but maybe we can address 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Strategies.","start":12643.91,"end":12645.83,"topics":[],"words":[{"text":"Jamie","start":12643.91,"end":12644.07},{"text":"Drummond","start":12644.07,"end":12644.55},{"text":"from","start":12644.55,"end":12644.87},{"text":"Sharing","start":12644.87,"end":12645.19},{"text":"Strategies.","start":12645.19,"end":12645.83}]},{"text":"This is an excellent initiative and exactly the kind of technical and financial coordination for country action that this platform for action is all about.","start":12645.91,"end":12655.67,"topics":[{"key":"country-led-financing","label":"Country-Led Financing Frameworks","description":"A major theme was that countries should define their own financing priorities through tools such as integrated national financing frameworks and country platforms. 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Is it working?","start":13991.99,"end":13993.83,"topics":[],"words":[{"text":"Hello.","start":13991.99,"end":13992.39},{"text":"Is","start":13993.27,"end":13993.39},{"text":"it","start":13993.39,"end":13993.51},{"text":"working?","start":13993.51,"end":13993.83}]},{"text":"Yes. Well, good morning for all.","start":13993.83,"end":13996.23,"topics":[],"words":[{"text":"Yes.","start":13993.83,"end":13994.23},{"text":"Well,","start":13994.79,"end":13994.95},{"text":"good","start":13994.95,"end":13995.11},{"text":"morning","start":13995.11,"end":13995.67},{"text":"for","start":13995.67,"end":13996.03},{"text":"all.","start":13996.03,"end":13996.23}]},{"text":"Thank you for taking the time to be here with us.","start":13996.55,"end":13999.75,"topics":[],"words":[{"text":"Thank","start":13996.55,"end":13996.79},{"text":"you","start":13996.79,"end":13996.87},{"text":"for","start":13996.87,"end":13997.27},{"text":"taking","start":13997.51,"end":13997.83},{"text":"the","start":13997.83,"end":13997.95},{"text":"time","start":13997.95,"end":13998.31},{"text":"to","start":13998.31,"end":13998.43},{"text":"be","start":13998.43,"end":13998.71},{"text":"here","start":13998.71,"end":13999.07},{"text":"with","start":13999.07,"end":13999.27},{"text":"us.","start":13999.27,"end":13999.75}]},{"text":"I'd like also first to thank, on behalf of the Brazilian government, the government of Spain, first for holding this very important conference, and especially for co-sponsoring with Brazil this initiative that we are going to present 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like also to thank all the partners on this initiative, Oxfam, Ictris, EU Tax Observatory, and 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me first just begin by saying that this initiative is, in the end, embedded on a larger picture of the support that Spain and Brazil and other countries like South Africa have on multilateralism and on international cooperation as a 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are some social groups recently that have been arguing that multilateralism is a threat to national sovereignty, that international cooperation tends to be detrimental to the implementation of national policies.","start":14076.27,"end":14091.23,"topics":[],"words":[{"text":"There","start":14076.27,"end":14076.47},{"text":"are","start":14076.47,"end":14076.59},{"text":"some","start":14076.59,"end":14076.83},{"text":"social","start":14076.83,"end":14077.27},{"text":"groups","start":14077.27,"end":14077.79},{"text":"recently","start":14077.79,"end":14078.43},{"text":"that","start":14078.67,"end":14078.87},{"text":"have","start":14078.87,"end":14079.15},{"text":"been","start":14079.15,"end":14079.31},{"text":"arguing","start":14079.31,"end":14079.95},{"text":"that","start":14080.19,"end":14080.51},{"text":"multilateralism","start":14080.51,"end":14081.63},{"text":"is","start":14081.79,"end":14082.03},{"text":"a","start":14082.03,"end":14082.11},{"text":"threat","start":14082.11,"end":14082.71},{"text":"to","start":14082.71,"end":14082.83},{"text":"national","start":14082.83,"end":14083.23},{"text":"sovereignty,","start":14083.23,"end":14084.11},{"text":"that","start":14084.27,"end":14084.51},{"text":"international","start":14084.51,"end":14085.27},{"text":"cooperation","start":14085.27,"end":14086.11},{"text":"tends","start":14086.83,"end":14087.15},{"text":"to","start":14087.15,"end":14087.27},{"text":"be","start":14087.27,"end":14087.39},{"text":"detrimental","start":14087.39,"end":14088.51},{"text":"to","start":14088.67,"end":14088.91},{"text":"the","start":14088.91,"end":14089.07},{"text":"implementation","start":14089.07,"end":14089.87},{"text":"of","start":14089.87,"end":14089.95},{"text":"national","start":14089.95,"end":14090.35},{"text":"policies.","start":14090.35,"end":14091.23}]},{"text":"We, at least Brazil, we think the opposite.","start":14092.91,"end":14095.55,"topics":[],"words":[{"text":"We,","start":14092.91,"end":14093.31},{"text":"at","start":14093.31,"end":14093.47},{"text":"least","start":14093.47,"end":14093.71},{"text":"Brazil,","start":14093.71,"end":14094.19},{"text":"we","start":14094.19,"end":14094.51},{"text":"think","start":14094.51,"end":14094.75},{"text":"the","start":14094.75,"end":14094.87},{"text":"opposite.","start":14094.91,"end":14095.55}]},{"text":"We do think that a strong multilateral system that international cooperation are critical, are essential for the implementation of effective national policies, because we live in a world where cooperation is very much necessary for the implementation of these policies.","start":14096.03,"end":14117.71,"topics":[],"words":[{"text":"We","start":14096.03,"end":14096.27},{"text":"do","start":14096.27,"end":14096.51},{"text":"think","start":14096.51,"end":14096.91},{"text":"that","start":14096.91,"end":14097.23},{"text":"a","start":14097.31,"end":14097.35},{"text":"strong","start":14097.35,"end":14097.71},{"text":"multilateral","start":14097.79,"end":14098.47},{"text":"system","start":14098.47,"end":14099.07},{"text":"that","start":14099.55,"end":14099.83},{"text":"international","start":14099.83,"end":14100.47},{"text":"cooperation","start":14100.47,"end":14101.15},{"text":"are","start":14101.15,"end":14101.31},{"text":"critical,","start":14101.31,"end":14102.11},{"text":"are","start":14102.35,"end":14102.51},{"text":"essential","start":14102.51,"end":14103.15},{"text":"for","start":14103.15,"end":14103.79},{"text":"the","start":14104.11,"end":14104.23},{"text":"implementation","start":14104.23,"end":14105.07},{"text":"of","start":14105.07,"end":14105.15},{"text":"effective","start":14105.15,"end":14106.03},{"text":"national","start":14106.19,"end":14106.71},{"text":"policies,","start":14106.71,"end":14107.55},{"text":"because","start":14107.71,"end":14108.03},{"text":"we","start":14108.03,"end":14108.15},{"text":"live","start":14108.15,"end":14108.39},{"text":"in","start":14108.39,"end":14108.51},{"text":"a","start":14108.51,"end":14108.55},{"text":"world","start":14108.55,"end":14108.91},{"text":"where","start":14108.91,"end":14109.23},{"text":"cooperation","start":14109.39,"end":14110.19},{"text":"is","start":14111.55,"end":14111.95},{"text":"very","start":14113.63,"end":14114.03},{"text":"much","start":14114.03,"end":14114.27},{"text":"necessary","start":14114.27,"end":14115.23},{"text":"for","start":14115.39,"end":14115.79},{"text":"the","start":14115.79,"end":14115.87},{"text":"implementation","start":14115.87,"end":14116.55},{"text":"of","start":14116.55,"end":14116.71},{"text":"these","start":14116.71,"end":14116.91},{"text":"policies.","start":14116.91,"end":14117.71}]},{"text":"So we do need a strong and rule-based international system that can make us have effective economic policies.","start":14118.51,"end":14131.43,"topics":[],"words":[{"text":"So","start":14118.51,"end":14118.75},{"text":"we","start":14118.75,"end":14118.91},{"text":"do","start":14118.91,"end":14119.15},{"text":"need","start":14119.15,"end":14119.63},{"text":"a","start":14119.87,"end":14119.91},{"text":"strong","start":14119.91,"end":14120.51},{"text":"and","start":14120.75,"end":14121.23},{"text":"rule-based","start":14124.03,"end":14124.95},{"text":"international","start":14126.07,"end":14126.75},{"text":"system","start":14126.75,"end":14127.19},{"text":"that","start":14127.19,"end":14127.43},{"text":"can","start":14127.43,"end":14127.83},{"text":"make","start":14127.91,"end":14128.31},{"text":"us","start":14128.31,"end":14128.71},{"text":"have","start":14129.11,"end":14129.43},{"text":"effective","start":14129.83,"end":14130.35},{"text":"economic","start":14130.35,"end":14130.79},{"text":"policies.","start":14130.79,"end":14131.43}]},{"text":"And second, this initiative is a component of our struggle to confront the issue of growing disparities and inequalities of income and of wealth.","start":14131.83,"end":14147.47,"topics":[{"key":"progressive-wealth-taxation","label":"Progressive Wealth Taxation","description":"Another core topic was taxing the super-rich more effectively to reduce inequality and raise revenue for public priorities. 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you very much.","start":14478.67,"end":14479.39,"topics":[],"words":[{"text":"Thank","start":14478.67,"end":14478.83},{"text":"you","start":14478.83,"end":14478.91},{"text":"very","start":14478.91,"end":14479.11},{"text":"much.","start":14479.11,"end":14479.39}]}]}],"speaker":{"name":"Jose Gilberto Scandiucci","affiliation":"BRA","affiliation_full":"Brazil","group":null,"function":"Minister Counselor"}},{"statement_number":62,"start":14487.03,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=14488","paragraphs":[{"sentences":[{"text":"Thank you, Jose. Now I'll pass the floor to Jesus Gascon.","start":14487.03,"end":14491.51,"topics":[],"words":[{"text":"Thank","start":14487.03,"end":14487.27},{"text":"you,","start":14487.27,"end":14487.39},{"text":"Jose.","start":14487.39,"end":14487.71},{"text":"Now","start":14488.63,"end":14488.99},{"text":"I'll","start":14488.99,"end":14489.19},{"text":"pass","start":14489.19,"end":14489.43},{"text":"the","start":14489.43,"end":14489.51},{"text":"floor","start":14489.51,"end":14489.83},{"text":"to","start":14489.83,"end":14490.31},{"text":"Jesus","start":14490.47,"end":14490.87},{"text":"Gascon.","start":14490.87,"end":14491.51}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":63,"start":14493.35,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=14494","paragraphs":[{"sentences":[{"text":"Please, the floor is yours.","start":14493.35,"end":14501.51,"topics":[],"words":[{"text":"Please,","start":14493.35,"end":14494.07},{"text":"the","start":14496.63,"end":14496.79},{"text":"floor","start":14499.19,"end":14500.71},{"text":"is","start":14500.71,"end":14500.95},{"text":"yours.","start":14500.95,"end":14501.51}]},{"text":"Thank you very much for participating in this event.","start":14509.19,"end":14513.99,"topics":[],"words":[{"text":"Thank","start":14509.19,"end":14509.59},{"text":"you","start":14509.59,"end":14509.83},{"text":"very","start":14509.99,"end":14510.23},{"text":"much","start":14510.23,"end":14510.63},{"text":"for","start":14511.19,"end":14511.43},{"text":"participating","start":14511.43,"end":14512.27},{"text":"in","start":14512.27,"end":14512.47},{"text":"this","start":14512.47,"end":14512.87},{"text":"event.","start":14513.35,"end":14513.99}]},{"text":"Thank you.","start":14514.55,"end":14515.19,"topics":[],"words":[{"text":"Thank","start":14514.55,"end":14514.95},{"text":"you.","start":14514.95,"end":14515.19}]},{"text":"especially to ECRIT, to Oxfam, to the European Tax Observatory and United Nations for your support, very important for us.","start":14515.75,"end":14529.35,"topics":[],"words":[{"text":"especially","start":14515.75,"end":14516.47},{"text":"to","start":14516.47,"end":14517.03},{"text":"ECRIT,","start":14517.35,"end":14518.11},{"text":"to","start":14518.39,"end":14518.75},{"text":"Oxfam,","start":14518.75,"end":14519.11},{"text":"to","start":14519.43,"end":14519.55},{"text":"the","start":14519.99,"end":14520.11},{"text":"European","start":14520.15,"end":14521.51},{"text":"Tax","start":14521.59,"end":14522.07},{"text":"Observatory","start":14522.31,"end":14523.27},{"text":"and","start":14523.51,"end":14523.79},{"text":"United","start":14523.79,"end":14524.31},{"text":"Nations","start":14524.63,"end":14525.31},{"text":"for","start":14525.31,"end":14525.83},{"text":"your","start":14526.95,"end":14527.27},{"text":"support,","start":14527.27,"end":14527.91},{"text":"very","start":14528.11,"end":14528.27},{"text":"important","start":14528.27,"end":14528.79},{"text":"for","start":14528.79,"end":14529.07},{"text":"us.","start":14529.07,"end":14529.35}]},{"text":"I'm going to speak in Spanish, but at the end, I'll summarize my speech in English, right?","start":14530.07,"end":14538.07,"topics":[],"words":[{"text":"I'm","start":14530.07,"end":14530.43},{"text":"going","start":14530.43,"end":14530.71},{"text":"to","start":14530.71,"end":14530.83},{"text":"speak","start":14530.83,"end":14531.15},{"text":"in","start":14531.15,"end":14531.27},{"text":"Spanish,","start":14531.27,"end":14531.75},{"text":"but","start":14531.75,"end":14532.47},{"text":"at","start":14533.11,"end":14533.27},{"text":"the","start":14533.27,"end":14533.39},{"text":"end,","start":14533.43,"end":14533.83},{"text":"I'll","start":14533.83,"end":14534.71},{"text":"summarize","start":14535.27,"end":14535.99},{"text":"my","start":14535.99,"end":14536.31},{"text":"speech","start":14536.31,"end":14536.87},{"text":"in","start":14536.87,"end":14537.19},{"text":"English,","start":14537.19,"end":14537.79},{"text":"right?","start":14537.79,"end":14538.07}]},{"text":"In the first place, our countries need La desigualdad es un problema en todos los lugares.","start":14541.71,"end":14553.39,"topics":[{"key":"progressive-wealth-taxation","label":"Progressive Wealth Taxation","description":"Another core topic was taxing the super-rich more effectively to reduce inequality and raise revenue for public priorities. 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we are also very happy to support this initiative going forward.","start":15131.75,"end":15135.27,"topics":[],"words":[{"text":"So","start":15131.75,"end":15131.99},{"text":"we","start":15131.99,"end":15132.23},{"text":"are","start":15132.23,"end":15132.39},{"text":"also","start":15132.39,"end":15132.71},{"text":"very","start":15132.71,"end":15133.03},{"text":"happy","start":15133.03,"end":15133.35},{"text":"to","start":15133.35,"end":15133.47},{"text":"support","start":15133.47,"end":15133.87},{"text":"this","start":15133.87,"end":15134.03},{"text":"initiative","start":15134.03,"end":15134.59},{"text":"going","start":15134.59,"end":15134.87},{"text":"forward.","start":15134.87,"end":15135.27}]},{"text":"Thank you very much for the guidance of Brazil and Spain and South Africa in this important 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question has to do with the harmonization in terms of climate financing, how the taxes super rich could be promoting this and also how you are going to be supporting the efforts at global level with the UN framework tax convention to ensure that the tax in the super rich will be there and it will be done in a fair and inclusive process.","start":15161.07,"end":15183.95,"topics":[{"key":"progressive-wealth-taxation","label":"Progressive Wealth Taxation","description":"Another core topic was taxing the super-rich more effectively to reduce inequality and raise revenue for public priorities. 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Hi, my name is Fernanda Balata and I work at the New Economics Foundation in London.","start":15197.23,"end":15203.23,"topics":[],"words":[{"text":"Hello.","start":15197.23,"end":15197.71},{"text":"Hi,","start":15198.75,"end":15198.99},{"text":"my","start":15198.99,"end":15199.15},{"text":"name","start":15199.15,"end":15199.31},{"text":"is","start":15199.31,"end":15199.47},{"text":"Fernanda","start":15199.47,"end":15199.87},{"text":"Balata","start":15199.87,"end":15200.27},{"text":"and","start":15200.27,"end":15200.39},{"text":"I","start":15200.39,"end":15200.43},{"text":"work","start":15200.43,"end":15200.67},{"text":"at","start":15200.67,"end":15200.75},{"text":"the","start":15200.75,"end":15200.83},{"text":"New","start":15200.83,"end":15200.95},{"text":"Economics","start":15200.95,"end":15201.47},{"text":"Foundation","start":15201.47,"end":15202.27},{"text":"in","start":15202.51,"end":15202.71},{"text":"London.","start":15202.71,"end":15203.23}]},{"text":"And we very much welcome this initiative.","start":15203.63,"end":15206.27,"topics":[],"words":[{"text":"And","start":15203.63,"end":15204.27},{"text":"we","start":15204.27,"end":15204.67},{"text":"very","start":15204.67,"end":15204.91},{"text":"much","start":15204.91,"end":15205.15},{"text":"welcome","start":15205.15,"end":15205.51},{"text":"this","start":15205.51,"end":15205.71},{"text":"initiative.","start":15205.71,"end":15206.27}]},{"text":"We've been following closely the progress for the G20 in Brazil last year on this 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speaking from an organization based in the UK.","start":15221.15,"end":15224.79,"topics":[],"words":[{"text":"And","start":15221.15,"end":15221.43},{"text":"speaking","start":15221.55,"end":15221.95},{"text":"from","start":15221.95,"end":15222.19},{"text":"an","start":15222.19,"end":15222.27},{"text":"organization","start":15222.27,"end":15223.15},{"text":"based","start":15223.71,"end":15224.11},{"text":"in","start":15224.11,"end":15224.19},{"text":"the","start":15224.19,"end":15224.31},{"text":"UK.","start":15224.31,"end":15224.79}]},{"text":"I guess my question is, you know, what's the message to the other nations that are not already part of the 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know, how can we bring them in?","start":15230.59,"end":15232.03,"topics":[],"words":[{"text":"You","start":15230.59,"end":15230.71},{"text":"know,","start":15230.71,"end":15230.83},{"text":"how","start":15230.83,"end":15231.07},{"text":"can","start":15231.07,"end":15231.19},{"text":"we","start":15231.19,"end":15231.31},{"text":"bring","start":15231.31,"end":15231.55},{"text":"them","start":15231.55,"end":15231.71},{"text":"in?","start":15231.71,"end":15232.03}]},{"text":"Just a note that we're working on looking at the institutional capacity, for example, of the UK government to actually tax high net worth individuals at the moment.","start":15232.83,"end":15240.91,"topics":[{"key":"progressive-wealth-taxation","label":"Progressive Wealth Taxation","description":"Another core topic was taxing the super-rich more effectively to reduce inequality and raise revenue for public priorities. 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you very much.","start":15304.75,"end":15305.79,"topics":[],"words":[{"text":"Thank","start":15304.75,"end":15305.07},{"text":"you","start":15305.07,"end":15305.23},{"text":"very","start":15305.23,"end":15305.47},{"text":"much.","start":15305.47,"end":15305.79}]}]}],"speaker":{"name":"Orria","affiliation":"UNDP","affiliation_full":"UNDP","group":null,"function":"Lead of public finance for sustainable development"}},{"statement_number":73,"start":15308.99,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=15309","paragraphs":[{"sentences":[{"text":"Let's get one more 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we were expecting you, to be honest.","start":15486.55,"end":15489.59,"topics":[],"words":[{"text":"So","start":15486.55,"end":15486.95},{"text":"we","start":15487.83,"end":15488.03},{"text":"were","start":15488.03,"end":15488.19},{"text":"expecting","start":15488.19,"end":15488.71},{"text":"you,","start":15488.71,"end":15488.95},{"text":"to","start":15488.95,"end":15489.07},{"text":"be","start":15489.07,"end":15489.27},{"text":"honest.","start":15489.31,"end":15489.59}]},{"text":"But it's just, I mean, there were a couple of 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there is no problem if we start with something as smaller and that can be with time joined by the whole community of state 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I think this is part of the game and it happened before with many other negotiations.","start":15582.75,"end":15588.59,"topics":[],"words":[{"text":"So","start":15582.75,"end":15583.07},{"text":"I","start":15583.39,"end":15583.55},{"text":"think","start":15583.79,"end":15584.03},{"text":"this","start":15584.03,"end":15584.19},{"text":"is","start":15584.19,"end":15584.35},{"text":"part","start":15584.35,"end":15584.59},{"text":"of","start":15584.59,"end":15584.67},{"text":"the","start":15584.67,"end":15584.79},{"text":"game","start":15584.79,"end":15585.23},{"text":"and","start":15585.47,"end":15585.63},{"text":"it","start":15585.63,"end":15585.71},{"text":"happened","start":15585.71,"end":15586.11},{"text":"before","start":15586.11,"end":15586.67},{"text":"with","start":15586.67,"end":15586.91},{"text":"many","start":15587.07,"end":15587.39},{"text":"other","start":15587.39,"end":15587.63},{"text":"negotiations.","start":15587.63,"end":15588.59}]},{"text":"The message to other nations 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Thank you both.","start":20959.71,"end":20960.55,"topics":[],"words":[{"text":"Brilliant.","start":20959.71,"end":20960.03},{"text":"Thank","start":20960.03,"end":20960.27},{"text":"you","start":20960.27,"end":20960.35},{"text":"both.","start":20960.35,"end":20960.55}]},{"text":"It's fantastic to have you both supporting our initiative and also to hear about the additional support from Norway as well for Mobilis.","start":20960.55,"end":20968.95,"topics":[{"key":"public-markets-mobilization","label":"Public Markets Mobilization","description":"Participants highlighted public equity and bond markets as an underused channel for directing institutional capital to emerging and developing economies. 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thank you for that.","start":20968.95,"end":20969.55,"topics":[],"words":[{"text":"So","start":20968.95,"end":20969.03},{"text":"thank","start":20969.03,"end":20969.19},{"text":"you","start":20969.19,"end":20969.27},{"text":"for","start":20969.27,"end":20969.39},{"text":"that.","start":20969.39,"end":20969.55}]},{"text":"Really, really appreciate it.","start":20969.71,"end":20970.75,"topics":[],"words":[{"text":"Really,","start":20969.71,"end":20969.95},{"text":"really","start":20969.95,"end":20970.15},{"text":"appreciate","start":20970.15,"end":20970.59},{"text":"it.","start":20970.59,"end":20970.75}]},{"text":"This is quite a short event.","start":20971.95,"end":20972.99,"topics":[],"words":[{"text":"This","start":20971.95,"end":20972.11},{"text":"is","start":20972.11,"end":20972.23},{"text":"quite","start":20972.23,"end":20972.39},{"text":"a","start":20972.39,"end":20972.43},{"text":"short","start":20972.43,"end":20972.63},{"text":"event.","start":20972.63,"end":20972.99}]},{"text":"So this is now our opportunity to open up the floor to to any questions you have for anyone on the 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microphone?","start":20989.43,"end":20990.95,"topics":[],"words":[{"text":"Do","start":20989.43,"end":20989.63},{"text":"we","start":20989.63,"end":20989.71},{"text":"have","start":20989.71,"end":20989.87},{"text":"a","start":20989.87,"end":20989.91},{"text":"runner","start":20989.91,"end":20990.23},{"text":"with","start":20990.23,"end":20990.35},{"text":"a","start":20990.35,"end":20990.39},{"text":"microphone?","start":20990.39,"end":20990.95}]}]}],"speaker":{"name":"Phil","affiliation":null,"affiliation_full":null,"group":null,"function":null}},{"statement_number":88,"start":21005.62,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=21006","paragraphs":[{"sentences":[{"text":"Hi, good afternoon.","start":21005.62,"end":21007.62,"topics":[],"words":[{"text":"Hi,","start":21005.62,"end":21005.94},{"text":"good","start":21006.82,"end":21007.06},{"text":"afternoon.","start":21007.06,"end":21007.62}]},{"text":"I'm going to be very brave because I came in very late.","start":21007.86,"end":21010.5,"topics":[],"words":[{"text":"I'm","start":21007.86,"end":21008.06},{"text":"going","start":21008.06,"end":21008.22},{"text":"to","start":21008.22,"end":21008.3},{"text":"be","start":21008.3,"end":21008.38},{"text":"very","start":21008.38,"end":21008.58},{"text":"brave","start":21008.58,"end":21008.98},{"text":"because","start":21008.98,"end":21009.22},{"text":"I","start":21009.22,"end":21009.26},{"text":"came","start":21009.26,"end":21009.54},{"text":"in","start":21009.54,"end":21009.7},{"text":"very","start":21009.7,"end":21010.02},{"text":"late.","start":21010.02,"end":21010.5}]},{"text":"So I'm going to ask a question and I haven't even read the detail 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Examples included catalytic capital, guarantees, and structured vehicles designed to make projects bankable in climate, infrastructure, and development sectors."}],"words":[{"text":"All","start":21026.63,"end":21026.83},{"text":"through","start":21026.83,"end":21027.07},{"text":"this","start":21027.07,"end":21027.87},{"text":"conference,","start":21027.87,"end":21028.27},{"text":"I've","start":21028.31,"end":21028.43},{"text":"heard","start":21028.43,"end":21028.59},{"text":"all","start":21028.79,"end":21029.07},{"text":"the","start":21029.07,"end":21029.19},{"text":"talk,","start":21029.95,"end":21030.35},{"text":"everything","start":21030.43,"end":21031.15},{"text":"I","start":21031.15,"end":21031.19},{"text":"go","start":21031.19,"end":21031.39},{"text":"to","start":21031.39,"end":21031.47},{"text":"talks","start":21031.47,"end":21031.83},{"text":"about","start":21031.83,"end":21032.11},{"text":"mobilizing","start":21032.11,"end":21032.71},{"text":"private","start":21032.71,"end":21033.07},{"text":"finance.","start":21033.07,"end":21033.71}]},{"text":"What we're not talking about is the devil in the detail.","start":21034.35,"end":21037.87,"topics":[],"words":[{"text":"What","start":21034.35,"end":21034.79},{"text":"we're","start":21034.79,"end":21034.95},{"text":"not","start":21034.95,"end":21035.35},{"text":"talking","start":21035.35,"end":21035.71},{"text":"about","start":21035.71,"end":21036.27},{"text":"is","start":21036.59,"end":21036.75},{"text":"the","start":21036.75,"end":21036.87},{"text":"devil","start":21036.87,"end":21037.15},{"text":"in","start":21037.15,"end":21037.23},{"text":"the","start":21037.23,"end":21037.35},{"text":"detail.","start":21037.35,"end":21037.87}]},{"text":"And I'm not sure how this public markets mobilization for development platform is being supported, whether we're talking about global north, which I don't like the term, but I'm going to call it global north public markets, or we're talking about global south public markets, or combination.","start":21039.71,"end":21056.91,"topics":[{"key":"public-markets-mobilization","label":"Public Markets Mobilization","description":"Participants highlighted public equity and bond markets as an underused channel for directing institutional capital to emerging and developing economies. 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I think for me, I'd really like to hear some of that.","start":21089.07,"end":21092.11,"topics":[],"words":[{"text":"And","start":21089.07,"end":21089.23},{"text":"I","start":21089.23,"end":21089.27},{"text":"think","start":21089.27,"end":21089.47},{"text":"for","start":21089.47,"end":21089.63},{"text":"me,","start":21089.63,"end":21089.95},{"text":"I'd","start":21089.95,"end":21090.31},{"text":"really","start":21090.59,"end":21090.99},{"text":"like","start":21090.99,"end":21091.23},{"text":"to","start":21091.23,"end":21091.35},{"text":"hear","start":21091.35,"end":21091.55},{"text":"some","start":21091.55,"end":21091.79},{"text":"of","start":21091.79,"end":21091.91},{"text":"that.","start":21091.91,"end":21092.11}]},{"text":"I would have wished to hear more of this throughout the conference, is getting down to the detail and not just kind of the high level stuff.","start":21092.11,"end":21098.67,"topics":[],"words":[{"text":"I","start":21092.11,"end":21092.15},{"text":"would","start":21092.15,"end":21092.27},{"text":"have","start":21092.27,"end":21092.43},{"text":"wished","start":21092.43,"end":21092.71},{"text":"to","start":21092.71,"end":21092.79},{"text":"hear","start":21092.79,"end":21092.99},{"text":"more","start":21093.23,"end":21093.51},{"text":"of","start":21093.51,"end":21093.63},{"text":"this","start":21093.63,"end":21093.95},{"text":"throughout","start":21094.19,"end":21094.59},{"text":"the","start":21094.59,"end":21094.67},{"text":"conference,","start":21094.67,"end":21095.19},{"text":"is","start":21095.19,"end":21095.31},{"text":"getting","start":21095.31,"end":21095.55},{"text":"down","start":21095.55,"end":21095.79},{"text":"to","start":21095.79,"end":21095.87},{"text":"the","start":21095.87,"end":21095.95},{"text":"detail","start":21095.95,"end":21096.47},{"text":"and","start":21096.47,"end":21096.59},{"text":"not","start":21096.59,"end":21096.83},{"text":"just","start":21096.83,"end":21097.07},{"text":"kind","start":21097.07,"end":21097.27},{"text":"of","start":21097.27,"end":21097.47},{"text":"the","start":21097.71,"end":21097.87},{"text":"high","start":21097.87,"end":21098.03},{"text":"level","start":21098.03,"end":21098.27},{"text":"stuff.","start":21098.27,"end":21098.67}]},{"text":"Thank 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question?","start":21101.27,"end":21102.59,"topics":[],"words":[{"text":"Would","start":21101.27,"end":21101.39},{"text":"anyone","start":21101.39,"end":21101.63},{"text":"else","start":21101.63,"end":21101.79},{"text":"like","start":21101.79,"end":21101.95},{"text":"to","start":21101.95,"end":21102.03},{"text":"ask","start":21102.03,"end":21102.23},{"text":"a","start":21102.23,"end":21102.27},{"text":"question?","start":21102.27,"end":21102.59}]},{"text":"We'll pull two or three together if there 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once again, that's the QR code for the press release for the very first initiative that I'm going to be speaking 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we're presenting two initiatives here.","start":23456.87,"end":23458.71,"topics":[],"words":[{"text":"So","start":23456.87,"end":23457.03},{"text":"we're","start":23457.03,"end":23457.19},{"text":"presenting","start":23457.19,"end":23457.59},{"text":"two","start":23457.59,"end":23457.83},{"text":"initiatives","start":23457.83,"end":23458.39},{"text":"here.","start":23458.39,"end":23458.71}]},{"text":"My name is Chris Clubb from Convergence.","start":23458.87,"end":23460.55,"topics":[],"words":[{"text":"My","start":23458.87,"end":23459.03},{"text":"name","start":23459.03,"end":23459.19},{"text":"is","start":23459.19,"end":23459.27},{"text":"Chris","start":23459.27,"end":23459.51},{"text":"Clubb","start":23459.51,"end":23459.71},{"text":"from","start":23459.71,"end":23459.91},{"text":"Convergence.","start":23459.91,"end":23460.55}]},{"text":"I'm presenting the first 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in general, the money is not flowing to those markets, but we have a body of evidence over the last decade of how can we get more funding through blended finance into these markets, addressing what the investors are saying are their challenges, but ultimately, as clearly identified in the outcome document, this is about three priorities.","start":23569.59,"end":23590.55,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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we actually encourage different countries and organizations because it takes a coalition of willing and interested countries and organizations to build up this action plan and we at Convergence are going to be partnering with our partners here on stage and in the audience to really move forward on that 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I really encourage Julia from the OECD up here and talk about the second of these two initiatives and then we'll move into a panel discussion or statements from the people that are here on 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with that, I'm going to pass the baton over to Executive Secretary Githathe, and then we'll go to Marissa, and then we'll go to 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do that, there are many things that we need to do.","start":23965.51,"end":23967.75,"topics":[],"words":[{"text":"To","start":23965.51,"end":23965.79},{"text":"do","start":23965.79,"end":23965.87},{"text":"that,","start":23965.87,"end":23966.23},{"text":"there","start":23966.23,"end":23966.39},{"text":"are","start":23966.39,"end":23966.47},{"text":"many","start":23966.47,"end":23966.67},{"text":"things","start":23966.67,"end":23966.95},{"text":"that","start":23966.95,"end":23967.11},{"text":"we","start":23967.11,"end":23967.19},{"text":"need","start":23967.19,"end":23967.35},{"text":"to","start":23967.35,"end":23967.47},{"text":"do.","start":23967.47,"end":23967.75}]},{"text":"Number one, we need to do risk investments.","start":23968.71,"end":23971.03,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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that's why it's becoming very complicated in terms of dealing with this issue.","start":24289.43,"end":24293.31,"topics":[],"words":[{"text":"And","start":24289.43,"end":24289.55},{"text":"that's","start":24289.79,"end":24290.07},{"text":"why","start":24290.07,"end":24290.15},{"text":"it's","start":24290.15,"end":24290.39},{"text":"becoming","start":24290.39,"end":24290.75},{"text":"very","start":24290.75,"end":24290.95},{"text":"complicated","start":24290.95,"end":24291.55},{"text":"in","start":24291.55,"end":24291.67},{"text":"terms","start":24291.67,"end":24291.95},{"text":"of","start":24291.95,"end":24292.11},{"text":"dealing","start":24292.35,"end":24292.63},{"text":"with","start":24292.63,"end":24292.75},{"text":"this","start":24292.75,"end":24292.99},{"text":"issue.","start":24292.99,"end":24293.31}]},{"text":"And there's no solution because the European, the G20 common framework is not working 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there is a Paris Club, there is not a Paris Club, there is also the private sector ending.","start":24310.83,"end":24315.47,"topics":[],"words":[{"text":"'Cause","start":24310.83,"end":24310.99},{"text":"there","start":24310.99,"end":24311.11},{"text":"is","start":24311.11,"end":24311.19},{"text":"a","start":24311.19,"end":24311.23},{"text":"Paris","start":24311.23,"end":24311.51},{"text":"Club,","start":24311.51,"end":24311.87},{"text":"there","start":24312.11,"end":24312.23},{"text":"is","start":24312.23,"end":24312.35},{"text":"not","start":24312.35,"end":24312.55},{"text":"a","start":24312.55,"end":24312.59},{"text":"Paris","start":24312.59,"end":24312.83},{"text":"Club,","start":24312.83,"end":24313.15},{"text":"there","start":24313.39,"end":24313.55},{"text":"is","start":24313.55,"end":24313.71},{"text":"also","start":24313.71,"end":24314.19},{"text":"the","start":24314.27,"end":24314.43},{"text":"private","start":24314.43,"end":24314.79},{"text":"sector","start":24314.79,"end":24315.11},{"text":"ending.","start":24315.11,"end":24315.47}]},{"text":"How do you bring everybody together on the same table and discuss how to address the issue of 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why it becomes very complicated and that's why we need private sector today more than ever.","start":24321.31,"end":24326.59,"topics":[],"words":[{"text":"So","start":24321.31,"end":24321.39},{"text":"that's","start":24321.39,"end":24321.67},{"text":"why","start":24321.67,"end":24321.75},{"text":"it","start":24321.75,"end":24321.87},{"text":"becomes","start":24321.87,"end":24322.23},{"text":"very","start":24322.23,"end":24322.39},{"text":"complicated","start":24322.39,"end":24323.07},{"text":"and","start":24323.19,"end":24323.31},{"text":"that's","start":24323.31,"end":24323.63},{"text":"why","start":24323.63,"end":24323.87},{"text":"we","start":24323.87,"end":24324.03},{"text":"need","start":24324.03,"end":24324.27},{"text":"private","start":24324.27,"end":24324.63},{"text":"sector","start":24324.63,"end":24325.15},{"text":"today","start":24325.31,"end":24325.79},{"text":"more","start":24325.79,"end":24326.03},{"text":"than","start":24326.03,"end":24326.27},{"text":"ever.","start":24326.27,"end":24326.59}]},{"text":"Maybe I can stop here, but if there are any questions, I can come back.","start":24327.07,"end":24330.43,"topics":[],"words":[{"text":"Maybe","start":24327.07,"end":24327.35},{"text":"I","start":24327.35,"end":24327.39},{"text":"can","start":24327.39,"end":24327.63},{"text":"stop","start":24327.63,"end":24327.95},{"text":"here,","start":24327.95,"end":24328.07},{"text":"but","start":24328.27,"end":24328.51},{"text":"if","start":24328.51,"end":24328.59},{"text":"there","start":24328.59,"end":24328.75},{"text":"are","start":24328.75,"end":24328.83},{"text":"any","start":24328.83,"end":24328.95},{"text":"questions,","start":24328.95,"end":24329.31},{"text":"I","start":24329.31,"end":24329.35},{"text":"can","start":24329.35,"end":24329.71},{"text":"come","start":24329.71,"end":24330.19},{"text":"back.","start":24330.19,"end":24330.43}]},{"text":"Thank you so much.","start":24330.67,"end":24331.39,"topics":[],"words":[{"text":"Thank","start":24330.67,"end":24330.87},{"text":"you","start":24330.87,"end":24330.95},{"text":"so","start":24330.95,"end":24331.11},{"text":"much.","start":24331.11,"end":24331.39}]}]}],"speaker":{"name":"Mr. Gatete","affiliation":"ECA","affiliation_full":"ECA","group":null,"function":"Executive Secretary"}},{"statement_number":105,"start":24331.87,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=24332","paragraphs":[{"sentences":[{"text":"Thank you very much, Mr. Kitete.","start":24331.87,"end":24333.23,"topics":[],"words":[{"text":"Thank","start":24331.87,"end":24332.11},{"text":"you","start":24332.11,"end":24332.19},{"text":"very","start":24332.19,"end":24332.39},{"text":"much,","start":24332.39,"end":24332.59},{"text":"Mr.","start":24332.59,"end":24332.91},{"text":"Kitete.","start":24332.91,"end":24333.23}]},{"text":"We'll pass it over to Marissa from Standard 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thank you very much for the kind compliment, Chris.","start":24337.63,"end":24340.59,"topics":[],"words":[{"text":"Delighted","start":24337.63,"end":24338.07},{"text":"to","start":24338.07,"end":24338.15},{"text":"be","start":24338.15,"end":24338.27},{"text":"here","start":24338.27,"end":24338.55},{"text":"and","start":24338.55,"end":24338.67},{"text":"thank","start":24338.67,"end":24338.83},{"text":"you","start":24338.83,"end":24338.91},{"text":"very","start":24338.91,"end":24339.07},{"text":"much","start":24339.07,"end":24339.23},{"text":"for","start":24339.23,"end":24339.35},{"text":"the","start":24339.35,"end":24339.43},{"text":"kind","start":24339.43,"end":24339.71},{"text":"compliment,","start":24339.71,"end":24340.19},{"text":"Chris.","start":24340.19,"end":24340.59}]},{"text":"I think you named us the most active bank in blended finance, which actually hopefully helps us to help attack this problem that was so eloquently put 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I think if we can, again, in our roadmap, say, who are we starting with as our underlying client or beneficiary in the first instance, that will help us accelerate from the get-go.","start":24627.39,"end":24637.91,"topics":[{"key":"country-led-financing","label":"Country-Led Financing Frameworks","description":"A major theme was that countries should define their own financing priorities through tools such as integrated national financing frameworks and country platforms. 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Thanks very much.","start":24638.87,"end":24639.83,"topics":[],"words":[{"text":"Super.","start":24638.87,"end":24639.27},{"text":"Thanks","start":24639.27,"end":24639.47},{"text":"very","start":24639.47,"end":24639.63},{"text":"much.","start":24639.63,"end":24639.83}]},{"text":"As you can clearly see, Where is the money needed, i.e. financial and capital markets?","start":24639.87,"end":24644.51,"topics":[],"words":[{"text":"As","start":24639.87,"end":24639.95},{"text":"you","start":24639.95,"end":24640.03},{"text":"can","start":24640.03,"end":24640.15},{"text":"clearly","start":24640.15,"end":24640.55},{"text":"see,","start":24640.55,"end":24640.87},{"text":"Where","start":24641.31,"end":24641.59},{"text":"is","start":24641.59,"end":24641.71},{"text":"the","start":24641.71,"end":24641.79},{"text":"money","start":24641.79,"end":24642.03},{"text":"needed,","start":24642.03,"end":24642.35},{"text":"i.e.","start":24642.35,"end":24642.67},{"text":"financial","start":24643.07,"end":24643.55},{"text":"and","start":24643.55,"end":24643.67},{"text":"capital","start":24643.67,"end":24643.99},{"text":"markets?","start":24643.99,"end":24644.51}]},{"text":"Who has the money?","start":24644.75,"end":24645.63,"topics":[],"words":[{"text":"Who","start":24644.75,"end":24644.95},{"text":"has","start":24644.95,"end":24645.11},{"text":"the","start":24645.15,"end":24645.31},{"text":"money?","start":24645.31,"end":24645.63}]},{"text":"And how do we marry this together in a much more effective, efficient way?","start":24645.67,"end":24648.75,"topics":[],"words":[{"text":"And","start":24645.67,"end":24645.79},{"text":"how","start":24645.79,"end":24645.95},{"text":"do","start":24645.95,"end":24646.07},{"text":"we","start":24646.07,"end":24646.15},{"text":"marry","start":24646.15,"end":24646.55},{"text":"this","start":24646.55,"end":24646.75},{"text":"together","start":24646.75,"end":24647.11},{"text":"in","start":24647.11,"end":24647.19},{"text":"a","start":24647.19,"end":24647.23},{"text":"much","start":24647.23,"end":24647.39},{"text":"more","start":24647.39,"end":24647.59},{"text":"effective,","start":24647.59,"end":24648.11},{"text":"efficient","start":24648.11,"end":24648.43},{"text":"way?","start":24648.43,"end":24648.75}]},{"text":"That's what this whole action plan is about, and bringing together the main actors in a coordinated, collaborative way.","start":24648.95,"end":24655.27,"topics":[{"key":"country-led-financing","label":"Country-Led Financing Frameworks","description":"A major theme was that countries should define their own financing priorities through tools such as integrated national financing frameworks and country platforms. 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Thanks, Chris.","start":24661.63,"end":24662.59,"topics":[],"words":[{"text":"Great.","start":24661.63,"end":24661.95},{"text":"Thanks,","start":24661.95,"end":24662.27},{"text":"Chris.","start":24662.27,"end":24662.59}]},{"text":"I think, as was pointed out, it is going to be critical for us to leverage private sector in addressing many of these needs.","start":24662.91,"end":24670.95,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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it's a very comfortable situation to be in.","start":25011.75,"end":25015.11,"topics":[],"words":[{"text":"So","start":25011.75,"end":25012.07},{"text":"it's","start":25012.07,"end":25012.91},{"text":"a","start":25012.91,"end":25012.95},{"text":"very","start":25012.95,"end":25013.11},{"text":"comfortable","start":25013.11,"end":25013.67},{"text":"situation","start":25013.99,"end":25014.55},{"text":"to","start":25014.55,"end":25014.67},{"text":"be","start":25014.67,"end":25014.95},{"text":"in.","start":25014.95,"end":25015.11}]},{"text":"My point here is maybe to go back a little bit and look at the overall global economy as we see it right 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a time of frustration.","start":25025.35,"end":25028.31,"topics":[],"words":[{"text":"It's","start":25025.35,"end":25025.67},{"text":"a","start":25027.19,"end":25027.23},{"text":"time","start":25027.23,"end":25027.51},{"text":"of","start":25027.51,"end":25027.59},{"text":"frustration.","start":25027.59,"end":25028.31}]},{"text":"It's a time of uncertainty.","start":25028.95,"end":25031.91,"topics":[],"words":[{"text":"It's","start":25028.95,"end":25029.35},{"text":"a","start":25029.35,"end":25029.39},{"text":"time","start":25029.39,"end":25029.67},{"text":"of","start":25029.67,"end":25029.91},{"text":"uncertainty.","start":25031.07,"end":25031.91}]},{"text":"It's a time of unpredictability.","start":25032.39,"end":25034.87,"topics":[],"words":[{"text":"It's","start":25032.39,"end":25032.63},{"text":"a","start":25032.63,"end":25032.67},{"text":"time","start":25032.67,"end":25033.03},{"text":"of","start":25033.03,"end":25033.19},{"text":"unpredictability.","start":25033.19,"end":25034.87}]},{"text":"It's not an easy time to be any country in the world, and of course, especially not a developing country with a significant growth potential, but also a number of obstacles that prevent that growth potential to flourish.","start":25035.59,"end":25049.15,"topics":[],"words":[{"text":"It's","start":25035.59,"end":25035.83},{"text":"not","start":25035.83,"end":25035.99},{"text":"an","start":25035.99,"end":25036.15},{"text":"easy","start":25036.15,"end":25036.71},{"text":"time","start":25036.95,"end":25037.27},{"text":"to","start":25037.27,"end":25037.39},{"text":"be","start":25037.39,"end":25037.83},{"text":"any","start":25037.91,"end":25038.15},{"text":"country","start":25038.15,"end":25038.55},{"text":"in","start":25038.55,"end":25038.71},{"text":"the","start":25038.71,"end":25038.79},{"text":"world,","start":25038.79,"end":25039.11},{"text":"and","start":25039.23,"end":25039.35},{"text":"of","start":25039.35,"end":25039.43},{"text":"course,","start":25039.43,"end":25039.75},{"text":"especially","start":25039.91,"end":25040.43},{"text":"not","start":25040.43,"end":25040.79},{"text":"a","start":25041.51,"end":25041.55},{"text":"developing","start":25041.55,"end":25042.07},{"text":"country","start":25042.07,"end":25042.47},{"text":"with","start":25042.47,"end":25042.75},{"text":"a","start":25042.79,"end":25042.83},{"text":"significant","start":25042.83,"end":25043.83},{"text":"growth","start":25044.43,"end":25044.75},{"text":"potential,","start":25044.75,"end":25045.31},{"text":"but","start":25045.31,"end":25045.55},{"text":"also","start":25045.55,"end":25045.75},{"text":"a","start":25045.75,"end":25045.79},{"text":"number","start":25045.79,"end":25046.19},{"text":"of","start":25046.19,"end":25046.27},{"text":"obstacles","start":25046.27,"end":25046.67},{"text":"that","start":25046.67,"end":25046.83},{"text":"prevent","start":25046.83,"end":25047.27},{"text":"that","start":25047.55,"end":25047.87},{"text":"growth","start":25047.87,"end":25048.07},{"text":"potential","start":25048.07,"end":25048.51},{"text":"to","start":25048.51,"end":25048.63},{"text":"flourish.","start":25048.63,"end":25049.15}]},{"text":"We are looking into a situation where concessional finance, ODA, other sorts of concessional finance is going 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talks about a decline in ODA this year from DAC members, the 33 members of the DAC, of between 9% to 17%.","start":25062.03,"end":25073.39,"topics":[],"words":[{"text":"OECD","start":25062.03,"end":25062.59},{"text":"put","start":25062.59,"end":25062.99},{"text":"out","start":25062.99,"end":25063.23},{"text":"numbers","start":25063.23,"end":25063.71},{"text":"last","start":25063.71,"end":25064.11},{"text":"week","start":25064.11,"end":25064.43},{"text":"that","start":25064.83,"end":25065.19},{"text":"talks","start":25065.19,"end":25065.47},{"text":"about","start":25065.47,"end":25065.83},{"text":"a","start":25065.83,"end":25065.87},{"text":"decline","start":25065.87,"end":25066.83},{"text":"in","start":25066.83,"end":25067.07},{"text":"ODA","start":25067.07,"end":25067.39},{"text":"this","start":25067.47,"end":25067.79},{"text":"year","start":25067.79,"end":25068.11},{"text":"from","start":25068.35,"end":25068.59},{"text":"DAC","start":25068.59,"end":25068.91},{"text":"members,","start":25068.91,"end":25069.39},{"text":"the","start":25069.39,"end":25069.47},{"text":"33","start":25069.47,"end":25069.87},{"text":"members","start":25069.87,"end":25070.27},{"text":"of","start":25070.27,"end":25070.35},{"text":"the","start":25070.35,"end":25070.43},{"text":"DAC,","start":25070.43,"end":25070.75},{"text":"of","start":25071.07,"end":25071.23},{"text":"between","start":25071.39,"end":25071.91},{"text":"9%","start":25071.91,"end":25071.95},{"text":"to","start":25071.95,"end":25072.87},{"text":"17%.","start":25073.35,"end":25073.39}]},{"text":"on top of decline last year too.","start":25073.55,"end":25075.31,"topics":[],"words":[{"text":"on","start":25073.55,"end":25073.63},{"text":"top","start":25073.63,"end":25073.87},{"text":"of","start":25073.87,"end":25074.11},{"text":"decline","start":25074.11,"end":25074.47},{"text":"last","start":25074.47,"end":25074.83},{"text":"year","start":25074.83,"end":25074.99},{"text":"too.","start":25074.99,"end":25075.31}]},{"text":"It's a prediction, it may be slightly wrong, but it's basically based on what members themselves tell us about their plans or what we can look at from public accessible 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development aid is going down significantly compared to where it was last year and especially two years ago.","start":25089.47,"end":25100.11,"topics":[],"words":[{"text":"So","start":25089.47,"end":25089.95},{"text":"development","start":25091.31,"end":25092.51},{"text":"aid","start":25092.59,"end":25092.91},{"text":"is","start":25092.91,"end":25093.39},{"text":"going","start":25094.03,"end":25094.35},{"text":"down","start":25094.35,"end":25094.83},{"text":"significantly","start":25094.83,"end":25095.79},{"text":"compared","start":25096.75,"end":25097.19},{"text":"to","start":25097.19,"end":25097.55},{"text":"where","start":25097.75,"end":25097.95},{"text":"it","start":25097.95,"end":25098.03},{"text":"was","start":25098.03,"end":25098.27},{"text":"last","start":25098.27,"end":25098.67},{"text":"year","start":25098.67,"end":25098.79},{"text":"and","start":25098.79,"end":25098.95},{"text":"especially","start":25098.95,"end":25099.39},{"text":"two","start":25099.39,"end":25099.55},{"text":"years","start":25099.55,"end":25099.79},{"text":"ago.","start":25099.79,"end":25100.11}]},{"text":"The world is changing and ODA is for reasons that are well known in terms of new threats and new securities, situations in parts of the world, not Eastern 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are pressures on budgets and so on.","start":25112.79,"end":25115.35,"topics":[],"words":[{"text":"There","start":25112.79,"end":25112.99},{"text":"are","start":25113.19,"end":25113.35},{"text":"pressures","start":25113.51,"end":25114.07},{"text":"on","start":25114.07,"end":25114.39},{"text":"budgets","start":25114.39,"end":25114.83},{"text":"and","start":25114.83,"end":25114.99},{"text":"so","start":25114.99,"end":25115.19},{"text":"on.","start":25115.19,"end":25115.35}]},{"text":"So the question comes up, how do we make sure as donors, and I represent donors here, that the monies that we have, it was $212 billion last year, it'll be less this year, but still a substantial amount of 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is that money actually invested in the best possible way?","start":25129.59,"end":25133.27,"topics":[],"words":[{"text":"How","start":25129.59,"end":25129.67},{"text":"is","start":25129.67,"end":25129.83},{"text":"that","start":25129.83,"end":25130.07},{"text":"money","start":25130.07,"end":25130.39},{"text":"actually","start":25130.39,"end":25130.83},{"text":"invested","start":25130.83,"end":25131.39},{"text":"in","start":25132.15,"end":25132.31},{"text":"the","start":25132.31,"end":25132.39},{"text":"best","start":25132.39,"end":25132.63},{"text":"possible","start":25132.63,"end":25133.07},{"text":"way?","start":25133.07,"end":25133.27}]},{"text":"Fundamentally, it's a decision from each and every donor to decide on the investment of their own ODA and their own concessional 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what we can provide in the DAC is a common discussion, a common framework, some kind of analysis and the clearing house, more or less, to where donors can test and can be inspired by each other, so some kind of convening place for donor 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we can see is that there is a growing interest on blended finance.","start":25161.51,"end":25167.31,"topics":[],"words":[{"text":"What","start":25161.51,"end":25161.75},{"text":"we","start":25161.75,"end":25161.87},{"text":"can","start":25161.87,"end":25162.19},{"text":"see","start":25162.19,"end":25162.51},{"text":"is","start":25162.99,"end":25163.31},{"text":"that","start":25163.31,"end":25163.79},{"text":"there","start":25164.11,"end":25164.31},{"text":"is","start":25164.35,"end":25164.59},{"text":"a","start":25164.59,"end":25164.63},{"text":"growing","start":25164.63,"end":25164.99},{"text":"interest","start":25164.99,"end":25165.63},{"text":"on","start":25165.87,"end":25166.27},{"text":"blended","start":25166.31,"end":25166.59},{"text":"finance.","start":25166.59,"end":25167.31}]},{"text":"That's very, very 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clear that at the same time, we come back to the Addis Ababa from billions to trillions 10 years ago, and that has basically been kind of a headline on, yeah, you made 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time, 10 years ago, now you make the same promises, what's going to change and has things 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point here is that, yes, things have changed in the sense that I think we have developed a lot of good, sound knowledge on how things work on blended finance 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what is now the challenge is exactly what Chris was alluding to at the first.","start":25215.95,"end":25219.95,"topics":[],"words":[{"text":"But","start":25215.95,"end":25216.15},{"text":"what","start":25216.15,"end":25216.35},{"text":"is","start":25216.35,"end":25216.51},{"text":"now","start":25216.51,"end":25216.75},{"text":"the","start":25216.75,"end":25216.87},{"text":"challenge","start":25216.87,"end":25217.39},{"text":"is","start":25217.55,"end":25217.75},{"text":"exactly","start":25217.75,"end":25218.23},{"text":"what","start":25218.23,"end":25218.43},{"text":"Chris","start":25218.43,"end":25218.75},{"text":"was","start":25218.75,"end":25218.91},{"text":"alluding","start":25218.91,"end":25219.31},{"text":"to","start":25219.31,"end":25219.47},{"text":"at","start":25219.47,"end":25219.55},{"text":"the","start":25219.55,"end":25219.63},{"text":"first.","start":25219.63,"end":25219.95}]},{"text":"How do we take to scale?","start":25220.11,"end":25221.47,"topics":[],"words":[{"text":"How","start":25220.11,"end":25220.35},{"text":"do","start":25220.35,"end":25220.47},{"text":"we","start":25220.47,"end":25220.67},{"text":"take","start":25220.67,"end":25220.99},{"text":"to","start":25220.99,"end":25221.07},{"text":"scale?","start":25221.07,"end":25221.47}]},{"text":"How do we standardize?","start":25221.47,"end":25222.83,"topics":[],"words":[{"text":"How","start":25221.47,"end":25221.63},{"text":"do","start":25221.63,"end":25221.83},{"text":"we","start":25221.83,"end":25221.91},{"text":"standardize?","start":25221.91,"end":25222.83}]},{"text":"How do we the risk, how do we cooperate?","start":25223.71,"end":25227.11,"topics":[],"words":[{"text":"How","start":25223.71,"end":25223.95},{"text":"do","start":25223.95,"end":25224.11},{"text":"we","start":25224.11,"end":25224.35},{"text":"the","start":25225.35,"end":25225.47},{"text":"risk,","start":25225.51,"end":25225.91},{"text":"how","start":25225.91,"end":25226.07},{"text":"do","start":25226.07,"end":25226.15},{"text":"we","start":25226.15,"end":25226.31},{"text":"cooperate?","start":25226.31,"end":25227.11}]},{"text":"All those big issues of moving to scale is now what are the pressing points.","start":25227.43,"end":25232.27,"topics":[],"words":[{"text":"All","start":25227.43,"end":25227.59},{"text":"those","start":25227.59,"end":25227.91},{"text":"big","start":25227.91,"end":25228.15},{"text":"issues","start":25228.15,"end":25228.51},{"text":"of","start":25228.51,"end":25228.87},{"text":"moving","start":25228.87,"end":25229.19},{"text":"to","start":25229.19,"end":25229.31},{"text":"scale","start":25229.31,"end":25229.91},{"text":"is","start":25230.15,"end":25230.31},{"text":"now","start":25230.31,"end":25230.51},{"text":"what","start":25230.51,"end":25230.79},{"text":"are","start":25231.11,"end":25231.27},{"text":"the","start":25231.35,"end":25231.51},{"text":"pressing","start":25231.51,"end":25231.91},{"text":"points.","start":25231.91,"end":25232.27}]},{"text":"And that's where we rely on both initiatives here to move forward on that and rely on good partners to push that agenda as far as they 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cooperation, I think that is basically the messages across that field.","start":25243.91,"end":25249.43,"topics":[],"words":[{"text":"Standardization,","start":25243.91,"end":25244.95},{"text":"cooperation,","start":25245.03,"end":25245.91},{"text":"I","start":25245.99,"end":25246.07},{"text":"think","start":25246.07,"end":25246.27},{"text":"that","start":25246.27,"end":25246.47},{"text":"is","start":25246.47,"end":25246.71},{"text":"basically","start":25246.71,"end":25247.35},{"text":"the","start":25247.59,"end":25247.71},{"text":"messages","start":25247.75,"end":25248.31},{"text":"across","start":25248.31,"end":25248.79},{"text":"that","start":25248.95,"end":25249.19},{"text":"field.","start":25249.19,"end":25249.43}]},{"text":"And if we succeed on that, we will be able to move maybe not to the trillions, but at least to the several more billions than we have been in the 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that's one point.","start":25258.83,"end":25260.43,"topics":[],"words":[{"text":"So","start":25258.83,"end":25258.95},{"text":"that's","start":25258.95,"end":25259.87},{"text":"one","start":25259.87,"end":25260.11},{"text":"point.","start":25260.11,"end":25260.43}]},{"text":"The second point is that this is a drive, this is across all developing countries, but at the same time, Pradeep made that point, it's much more difficult in countries of extreme fragility, in conflict-affected 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why we basically need to look at How do we overcome obstacles in those particular countries?","start":25278.27,"end":25285.11,"topics":[],"words":[{"text":"That's","start":25278.27,"end":25278.55},{"text":"why","start":25278.55,"end":25278.67},{"text":"we","start":25278.91,"end":25279.15},{"text":"basically","start":25279.39,"end":25279.95},{"text":"need","start":25279.95,"end":25280.23},{"text":"to","start":25280.23,"end":25280.47},{"text":"look","start":25280.47,"end":25280.75},{"text":"at","start":25280.75,"end":25281.07},{"text":"How","start":25282.07,"end":25282.31},{"text":"do","start":25282.31,"end":25282.43},{"text":"we","start":25282.43,"end":25282.55},{"text":"overcome","start":25282.55,"end":25283.11},{"text":"obstacles","start":25283.11,"end":25283.67},{"text":"in","start":25283.67,"end":25283.79},{"text":"those","start":25283.79,"end":25284.15},{"text":"particular","start":25284.15,"end":25284.63},{"text":"countries?","start":25284.63,"end":25285.11}]},{"text":"Because that's a different category and we need to look into that.","start":25285.11,"end":25288.31,"topics":[],"words":[{"text":"Because","start":25285.11,"end":25285.43},{"text":"that's","start":25285.43,"end":25285.91},{"text":"a","start":25285.91,"end":25285.95},{"text":"different","start":25285.95,"end":25286.31},{"text":"category","start":25286.31,"end":25286.83},{"text":"and","start":25286.83,"end":25287.15},{"text":"we","start":25287.15,"end":25287.27},{"text":"need","start":25287.27,"end":25287.47},{"text":"to","start":25287.47,"end":25287.71},{"text":"look","start":25287.71,"end":25287.87},{"text":"into","start":25287.87,"end":25288.11},{"text":"that.","start":25288.11,"end":25288.31}]},{"text":"But my third and final point, I can see Chris is a bit impatient on that, but my third and final point is that while we are moving forward and while we try to move the needle on blended finance and especially to mobilize better cooperation also between the DFIs and partners, it's also 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us, this agenda around mobilization is at the core of our existence, is our raison d'etre, it's what we need to do.","start":25385.55,"end":25393.55,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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is the lack of investable deals, the lack of investments, the bankable deals, I would say.","start":25473.63,"end":25482.03,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. Examples included catalytic capital, guarantees, and structured vehicles designed to make projects bankable in climate, infrastructure, and development sectors."}],"words":[{"text":"One","start":25473.63,"end":25474.03},{"text":"is","start":25474.59,"end":25474.87},{"text":"the","start":25474.87,"end":25474.95},{"text":"lack","start":25474.95,"end":25475.31},{"text":"of","start":25475.55,"end":25475.79},{"text":"investable","start":25476.03,"end":25476.99},{"text":"deals,","start":25477.71,"end":25478.27},{"text":"the","start":25479.31,"end":25479.43},{"text":"lack","start":25479.43,"end":25479.59},{"text":"of","start":25479.59,"end":25479.71},{"text":"investments,","start":25479.71,"end":25480.23},{"text":"the","start":25480.23,"end":25480.31},{"text":"bankable","start":25480.31,"end":25480.75},{"text":"deals,","start":25480.75,"end":25481.07},{"text":"I","start":25481.31,"end":25481.39},{"text":"would","start":25481.55,"end":25481.67},{"text":"say.","start":25481.71,"end":25482.03}]},{"text":"Two big barrier is the complexity of regulatory frameworks.","start":25483.55,"end":25488.51,"topics":[],"words":[{"text":"Two","start":25483.55,"end":25483.87},{"text":"big","start":25484.27,"end":25484.43},{"text":"barrier","start":25484.43,"end":25484.91},{"text":"is","start":25485.07,"end":25485.79},{"text":"the","start":25485.79,"end":25486.11},{"text":"complexity","start":25486.11,"end":25487.07},{"text":"of","start":25487.07,"end":25487.15},{"text":"regulatory","start":25487.15,"end":25487.79},{"text":"frameworks.","start":25487.79,"end":25488.51}]},{"text":"Ten years ago in Addis Ababa, we talked about regulatory frameworks in terms of the frameworks in recipient countries.","start":25488.59,"end":25496.43,"topics":[],"words":[{"text":"Ten","start":25488.59,"end":25488.75},{"text":"years","start":25488.75,"end":25489.03},{"text":"ago","start":25489.03,"end":25489.31},{"text":"in","start":25489.31,"end":25489.47},{"text":"Addis","start":25489.47,"end":25489.75},{"text":"Ababa,","start":25489.75,"end":25490.19},{"text":"we","start":25490.19,"end":25490.31},{"text":"talked","start":25490.31,"end":25490.59},{"text":"about","start":25490.59,"end":25490.83},{"text":"regulatory","start":25490.83,"end":25491.39},{"text":"frameworks","start":25491.39,"end":25491.95},{"text":"in","start":25492.43,"end":25492.83},{"text":"terms","start":25492.99,"end":25493.47},{"text":"of","start":25493.47,"end":25493.79},{"text":"the","start":25494.51,"end":25494.71},{"text":"frameworks","start":25494.75,"end":25495.31},{"text":"in","start":25495.31,"end":25495.39},{"text":"recipient","start":25495.39,"end":25495.91},{"text":"countries.","start":25495.91,"end":25496.43}]},{"text":"They needed to be built up.","start":25496.51,"end":25498.27,"topics":[],"words":[{"text":"They","start":25496.51,"end":25496.67},{"text":"needed","start":25496.67,"end":25496.91},{"text":"to","start":25496.91,"end":25496.99},{"text":"be","start":25496.99,"end":25497.07},{"text":"built","start":25497.07,"end":25498.03},{"text":"up.","start":25498.19,"end":25498.27}]},{"text":"We found out in the last 10 years, it's our frameworks.","start":25498.43,"end":25501.15,"topics":[],"words":[{"text":"We","start":25498.43,"end":25498.59},{"text":"found","start":25498.59,"end":25498.91},{"text":"out","start":25498.91,"end":25499.15},{"text":"in","start":25499.15,"end":25499.23},{"text":"the","start":25499.23,"end":25499.31},{"text":"last","start":25499.31,"end":25499.59},{"text":"10","start":25499.59,"end":25499.79},{"text":"years,","start":25499.79,"end":25500.11},{"text":"it's","start":25500.11,"end":25500.43},{"text":"our","start":25500.43,"end":25500.63},{"text":"frameworks.","start":25500.63,"end":25501.15}]},{"text":"It's the complexity of the European Union framework.","start":25501.55,"end":25503.95,"topics":[],"words":[{"text":"It's","start":25501.55,"end":25501.75},{"text":"the","start":25501.75,"end":25501.83},{"text":"complexity","start":25501.83,"end":25502.47},{"text":"of","start":25502.47,"end":25502.63},{"text":"the","start":25502.63,"end":25502.71},{"text":"European","start":25502.71,"end":25503.19},{"text":"Union","start":25503.19,"end":25503.51},{"text":"framework.","start":25503.51,"end":25503.95}]},{"text":"It's the complexity of the frameworks in our countries that actually also hinders the flow of private capital to emerging markets and developing economies.","start":25503.95,"end":25516.79,"topics":[{"key":"public-markets-mobilization","label":"Public Markets Mobilization","description":"Participants highlighted public equity and bond markets as an underused channel for directing institutional capital to emerging and developing economies. 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have identified 94 regional value chains across the continent, which is possible from minerals to agriculture to all other areas, even including beef value chain for countries like Botswana and Namibia that export to European market and so forth.","start":25851.15,"end":25868.91,"topics":[{"key":"agrifood-investment-planning","label":"Agrifood Investment Planning","description":"The FAO Hand-in-Hand discussion centered on using geospatial data and national planning to identify high-impact agricultural investment opportunities. 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in.","start":26053.15,"end":26055.23,"topics":[],"words":[{"text":"I","start":26053.15,"end":26053.19},{"text":"don't","start":26053.19,"end":26053.47},{"text":"know","start":26053.47,"end":26053.55},{"text":"how","start":26053.55,"end":26053.67},{"text":"many","start":26053.67,"end":26053.87},{"text":"other","start":26053.87,"end":26054.03},{"text":"plans","start":26054.03,"end":26054.35},{"text":"are","start":26054.35,"end":26054.43},{"text":"going","start":26054.43,"end":26054.59},{"text":"to","start":26054.59,"end":26054.71},{"text":"come","start":26054.71,"end":26054.99},{"text":"in.","start":26054.99,"end":26055.23}]},{"text":"But everything is now going to private sector coming in a big way, which we never used to talk 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I think this is a very good beginning.","start":26062.27,"end":26064.07,"topics":[],"words":[{"text":"But","start":26062.27,"end":26062.47},{"text":"I","start":26062.47,"end":26062.55},{"text":"think","start":26062.55,"end":26062.87},{"text":"this","start":26062.87,"end":26063.11},{"text":"is","start":26063.11,"end":26063.19},{"text":"a","start":26063.19,"end":26063.23},{"text":"very","start":26063.23,"end":26063.43},{"text":"good","start":26063.43,"end":26063.59},{"text":"beginning.","start":26063.59,"end":26064.07}]},{"text":"Thank you so much.","start":26064.07,"end":26064.67,"topics":[],"words":[{"text":"Thank","start":26064.07,"end":26064.27},{"text":"you","start":26064.27,"end":26064.35},{"text":"so","start":26064.35,"end":26064.47},{"text":"much.","start":26064.47,"end":26064.67}]}]}],"speaker":{"name":"Mr. Gatete","affiliation":"ECA","affiliation_full":"ECA","group":null,"function":"Executive 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we agree that there's a model that would work very well in all of these markets in different 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if we can, well, then how do we all agree upon that?","start":26142.47,"end":26145.23,"topics":[],"words":[{"text":"And","start":26142.47,"end":26142.67},{"text":"if","start":26142.67,"end":26142.75},{"text":"we","start":26142.75,"end":26142.87},{"text":"can,","start":26142.87,"end":26143.43},{"text":"well,","start":26143.67,"end":26143.83},{"text":"then","start":26143.83,"end":26143.99},{"text":"how","start":26143.99,"end":26144.11},{"text":"do","start":26144.11,"end":26144.19},{"text":"we","start":26144.19,"end":26144.35},{"text":"all","start":26144.35,"end":26144.51},{"text":"agree","start":26144.51,"end":26144.83},{"text":"upon","start":26144.83,"end":26145.11},{"text":"that?","start":26145.11,"end":26145.23}]},{"text":"And then how do we standardize that?","start":26145.23,"end":26146.67,"topics":[],"words":[{"text":"And","start":26145.23,"end":26145.35},{"text":"then","start":26145.35,"end":26145.47},{"text":"how","start":26145.47,"end":26145.59},{"text":"do","start":26145.59,"end":26145.71},{"text":"we","start":26145.71,"end":26145.79},{"text":"standardize","start":26145.79,"end":26146.55},{"text":"that?","start":26146.55,"end":26146.67}]},{"text":"And then how do we scale that?","start":26146.67,"end":26147.99,"topics":[],"words":[{"text":"And","start":26146.67,"end":26146.79},{"text":"then","start":26146.79,"end":26146.95},{"text":"how","start":26146.95,"end":26147.03},{"text":"do","start":26147.03,"end":26147.15},{"text":"we","start":26147.15,"end":26147.27},{"text":"scale","start":26147.27,"end":26147.75},{"text":"that?","start":26147.75,"end":26147.99}]},{"text":"Going through two channels, the real economy channel and the financial 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Frauhoven.","start":27141.19,"end":27143.35,"topics":[],"words":[{"text":"It's","start":27141.19,"end":27141.67},{"text":"not","start":27141.67,"end":27141.83},{"text":"on","start":27142.07,"end":27142.15},{"text":"the","start":27142.55,"end":27142.63},{"text":"Frauhoven.","start":27142.63,"end":27143.35}]},{"text":"Hello, hello everyone.","start":27148.35,"end":27149.51,"topics":[],"words":[{"text":"Hello,","start":27148.35,"end":27148.75},{"text":"hello","start":27148.75,"end":27149.07},{"text":"everyone.","start":27149.07,"end":27149.51}]},{"text":"I think we're going to slowly get 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am Morgan de Prey, the head of secretariat of this initiative.","start":27164.03,"end":27167.07,"topics":[],"words":[{"text":"I","start":27164.03,"end":27164.19},{"text":"am","start":27164.19,"end":27164.39},{"text":"Morgan","start":27164.39,"end":27164.67},{"text":"de","start":27164.67,"end":27164.83},{"text":"Prey,","start":27164.83,"end":27165.07},{"text":"the","start":27165.07,"end":27165.19},{"text":"head","start":27165.19,"end":27165.35},{"text":"of","start":27165.35,"end":27165.47},{"text":"secretariat","start":27165.47,"end":27166.03},{"text":"of","start":27166.03,"end":27166.11},{"text":"this","start":27166.11,"end":27166.43},{"text":"initiative.","start":27166.43,"end":27167.07}]},{"text":"And you will hear today first the two co-chairs of this 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many guarantees do we have?","start":27322.75,"end":27324.15,"topics":[],"words":[{"text":"How","start":27322.75,"end":27322.83},{"text":"many","start":27322.83,"end":27322.99},{"text":"guarantees","start":27323.23,"end":27323.55},{"text":"do","start":27323.55,"end":27323.63},{"text":"we","start":27323.63,"end":27323.75},{"text":"have?","start":27323.75,"end":27324.15}]},{"text":"160 experts.","start":27324.35,"end":27325.67,"topics":[],"words":[{"text":"160","start":27324.35,"end":27324.91},{"text":"experts.","start":27324.95,"end":27325.67}]},{"text":"We worked for about a year.","start":27325.67,"end":27326.95,"topics":[],"words":[{"text":"We","start":27325.67,"end":27325.79},{"text":"worked","start":27325.79,"end":27326.07},{"text":"for","start":27326.07,"end":27326.19},{"text":"about","start":27326.19,"end":27326.43},{"text":"a","start":27326.43,"end":27326.47},{"text":"year.","start":27326.47,"end":27326.95}]},{"text":"The initiative was originally founded in COP 28.","start":27326.95,"end":27329.83,"topics":[],"words":[{"text":"The","start":27326.95,"end":27327.03},{"text":"initiative","start":27327.03,"end":27327.59},{"text":"was","start":27327.59,"end":27327.75},{"text":"originally","start":27327.75,"end":27328.23},{"text":"founded","start":27328.23,"end":27328.63},{"text":"in","start":27328.63,"end":27328.79},{"text":"COP","start":27328.79,"end":27329.03},{"text":"28.","start":27329.03,"end":27329.83}]},{"text":"And we have a vice person group, Laurence and Ingrid are part of 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words.","start":27336.07,"end":27337.35,"topics":[],"words":[{"text":"So","start":27336.07,"end":27336.19},{"text":"they","start":27336.19,"end":27336.31},{"text":"will","start":27336.31,"end":27336.47},{"text":"say","start":27336.47,"end":27336.67},{"text":"a","start":27336.67,"end":27336.71},{"text":"few","start":27336.71,"end":27336.95},{"text":"words.","start":27336.95,"end":27337.35}]},{"text":"And we have yesterday, that's why we're here today.","start":27337.83,"end":27340.87,"topics":[],"words":[{"text":"And","start":27337.83,"end":27337.99},{"text":"we","start":27337.99,"end":27338.07},{"text":"have","start":27338.07,"end":27338.31},{"text":"yesterday,","start":27338.31,"end":27339.35},{"text":"that's","start":27339.63,"end":27339.91},{"text":"why","start":27339.91,"end":27340.07},{"text":"we're","start":27340.07,"end":27340.27},{"text":"here","start":27340.27,"end":27340.39},{"text":"today.","start":27340.39,"end":27340.87}]},{"text":"We have yesterday launched our report with four recommendations.","start":27340.87,"end":27345.35,"topics":[],"words":[{"text":"We","start":27340.87,"end":27341.03},{"text":"have","start":27341.03,"end":27341.19},{"text":"yesterday","start":27341.19,"end":27341.67},{"text":"launched","start":27341.67,"end":27342.23},{"text":"our","start":27342.23,"end":27342.59},{"text":"report","start":27342.59,"end":27343.27},{"text":"with","start":27343.43,"end":27343.67},{"text":"four","start":27343.67,"end":27344.23},{"text":"recommendations.","start":27344.31,"end":27345.35}]},{"text":"They're not going to solve the world's 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the first one.","start":27427.71,"end":27428.75,"topics":[],"words":[{"text":"That's","start":27427.71,"end":27427.99},{"text":"the","start":27427.99,"end":27428.11},{"text":"first","start":27428.11,"end":27428.51},{"text":"one.","start":27428.51,"end":27428.75}]},{"text":"The second one is a big problem is currency risk.","start":27429.63,"end":27432.83,"topics":[],"words":[{"text":"The","start":27429.63,"end":27429.79},{"text":"second","start":27429.79,"end":27430.11},{"text":"one","start":27430.19,"end":27430.43},{"text":"is","start":27430.43,"end":27430.59},{"text":"a","start":27430.59,"end":27430.67},{"text":"big","start":27430.67,"end":27430.91},{"text":"problem","start":27430.91,"end":27431.47},{"text":"is","start":27431.47,"end":27431.71},{"text":"currency","start":27431.71,"end":27432.35},{"text":"risk.","start":27432.35,"end":27432.83}]},{"text":"So, you know, local currency and the local 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again.","start":27436.43,"end":27439.47,"topics":[],"words":[{"text":"And,","start":27436.43,"end":27436.87},{"text":"you","start":27437.03,"end":27437.11},{"text":"know,","start":27437.11,"end":27437.23},{"text":"this","start":27437.23,"end":27437.43},{"text":"comes","start":27437.43,"end":27437.71},{"text":"up","start":27437.71,"end":27437.87},{"text":"over","start":27437.87,"end":27438.23},{"text":"and","start":27438.23,"end":27438.43},{"text":"over","start":27438.43,"end":27438.71},{"text":"and","start":27438.71,"end":27438.83},{"text":"over","start":27438.83,"end":27439.07},{"text":"again.","start":27439.07,"end":27439.47}]},{"text":"And we have a couple of 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third one is my favorite one.","start":27456.55,"end":27458.31,"topics":[],"words":[{"text":"The","start":27456.55,"end":27456.75},{"text":"third","start":27456.75,"end":27457.11},{"text":"one","start":27457.11,"end":27457.35},{"text":"is","start":27457.35,"end":27457.51},{"text":"my","start":27457.51,"end":27457.67},{"text":"favorite","start":27457.67,"end":27458.07},{"text":"one.","start":27458.07,"end":27458.31}]},{"text":"It's data, you know, so you can ask about pricing of risks.","start":27458.31,"end":27462.39,"topics":[],"words":[{"text":"It's","start":27458.31,"end":27458.55},{"text":"data,","start":27458.55,"end":27458.91},{"text":"you","start":27459.51,"end":27459.67},{"text":"know,","start":27459.67,"end":27459.83},{"text":"so","start":27459.83,"end":27460.23},{"text":"you","start":27460.23,"end":27460.47},{"text":"can","start":27460.47,"end":27460.63},{"text":"ask","start":27460.63,"end":27460.95},{"text":"about","start":27460.95,"end":27461.19},{"text":"pricing","start":27461.19,"end":27461.71},{"text":"of","start":27461.71,"end":27461.83},{"text":"risks.","start":27461.83,"end":27462.39}]},{"text":"Is it fair or not in the developing world?","start":27462.39,"end":27465.51,"topics":[],"words":[{"text":"Is","start":27462.39,"end":27462.63},{"text":"it","start":27462.63,"end":27462.79},{"text":"fair","start":27462.79,"end":27463.27},{"text":"or","start":27463.27,"end":27463.43},{"text":"not","start":27463.43,"end":27463.99},{"text":"in","start":27464.23,"end":27464.39},{"text":"the","start":27464.39,"end":27464.51},{"text":"developing","start":27464.51,"end":27465.11},{"text":"world?","start":27465.11,"end":27465.51}]},{"text":"But One thing you cannot disagree with is that more data to price better, more efficient, helps.","start":27466.79,"end":27474.03,"topics":[],"words":[{"text":"But","start":27466.79,"end":27467.03},{"text":"One","start":27467.11,"end":27467.23},{"text":"thing","start":27467.23,"end":27467.47},{"text":"you","start":27467.47,"end":27467.63},{"text":"cannot","start":27467.63,"end":27468.07},{"text":"disagree","start":27468.07,"end":27468.59},{"text":"with","start":27468.59,"end":27468.87},{"text":"is","start":27468.87,"end":27468.99},{"text":"that","start":27468.99,"end":27469.15},{"text":"more","start":27469.15,"end":27469.47},{"text":"data","start":27469.47,"end":27469.79},{"text":"to","start":27469.87,"end":27470.11},{"text":"price","start":27470.11,"end":27470.59},{"text":"better,","start":27470.59,"end":27471.03},{"text":"more","start":27472.11,"end":27472.39},{"text":"efficient,","start":27472.39,"end":27473.07},{"text":"helps.","start":27473.47,"end":27474.03}]},{"text":"So we are suggesting that the GEMS database, there's a database at the World Bank at MIGA, which is 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let's see how guarantees are actually propagating out in the rest of the world, and let's include that a more better basis for pricing that 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this is more data and more transparency.","start":27493.87,"end":27496.75,"topics":[],"words":[{"text":"So","start":27493.87,"end":27494.11},{"text":"this","start":27494.11,"end":27494.35},{"text":"is","start":27494.35,"end":27494.59},{"text":"more","start":27494.99,"end":27495.31},{"text":"data","start":27495.31,"end":27495.63},{"text":"and","start":27495.71,"end":27495.87},{"text":"more","start":27495.87,"end":27496.03},{"text":"transparency.","start":27496.03,"end":27496.75}]},{"text":"That's the third one.","start":27496.75,"end":27497.79,"topics":[],"words":[{"text":"That's","start":27496.75,"end":27497.03},{"text":"the","start":27497.15,"end":27497.23},{"text":"third","start":27497.23,"end":27497.55},{"text":"one.","start":27497.55,"end":27497.79}]},{"text":"And the fourth one is more regional 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guests.","start":27549.11,"end":27552.83,"topics":[],"words":[{"text":"Um,","start":27549.11,"end":27549.23},{"text":"and","start":27549.75,"end":27550.07},{"text":"good","start":27550.43,"end":27550.67},{"text":"afternoon","start":27550.67,"end":27551.15},{"text":"to","start":27551.15,"end":27551.31},{"text":"our","start":27551.31,"end":27551.87},{"text":"dear","start":27551.87,"end":27552.19},{"text":"guests.","start":27552.19,"end":27552.83}]},{"text":"This present for us a great opportunity to present the Green Guarantee Group, which under schools, the entire discussions we've had over the last one to two 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we've had the leaders talk about the dear need for development finance, climate finance.","start":27566.27,"end":27572.75,"topics":[],"words":[{"text":"Today,","start":27566.27,"end":27566.75},{"text":"we've","start":27566.75,"end":27566.99},{"text":"had","start":27566.99,"end":27567.31},{"text":"the","start":27567.31,"end":27567.39},{"text":"leaders","start":27567.39,"end":27567.87},{"text":"talk","start":27567.87,"end":27568.15},{"text":"about","start":27568.15,"end":27568.75},{"text":"the","start":27569.15,"end":27569.35},{"text":"dear","start":27569.35,"end":27569.71},{"text":"need","start":27569.71,"end":27570.03},{"text":"for","start":27570.03,"end":27570.39},{"text":"development","start":27570.39,"end":27570.99},{"text":"finance,","start":27570.99,"end":27571.63},{"text":"climate","start":27571.63,"end":27572.11},{"text":"finance.","start":27572.11,"end":27572.75}]},{"text":"We've also had the way financing is dwindling, particularly from the public 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rates.","start":27598.19,"end":27600.99,"topics":[],"words":[{"text":"Our","start":27598.19,"end":27598.35},{"text":"markets","start":27598.35,"end":27599.15},{"text":"borrow","start":27599.23,"end":27599.71},{"text":"at","start":27599.71,"end":27599.87},{"text":"very","start":27599.87,"end":27600.23},{"text":"high","start":27600.23,"end":27600.43},{"text":"rates.","start":27600.43,"end":27600.99}]},{"text":"Our markets are operating in silos.","start":27602.03,"end":27604.43,"topics":[],"words":[{"text":"Our","start":27602.03,"end":27602.15},{"text":"markets","start":27602.19,"end":27602.75},{"text":"are","start":27602.75,"end":27602.95},{"text":"operating","start":27602.95,"end":27603.55},{"text":"in","start":27603.55,"end":27603.71},{"text":"silos.","start":27603.71,"end":27604.43}]},{"text":"We are not able to aggregate 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we all know that private finance cannot come without the right environment.","start":27624.87,"end":27629.75,"topics":[],"words":[{"text":"And","start":27624.87,"end":27625.11},{"text":"we","start":27625.11,"end":27625.27},{"text":"all","start":27625.27,"end":27625.43},{"text":"know","start":27625.43,"end":27625.59},{"text":"that","start":27625.59,"end":27625.83},{"text":"private","start":27625.91,"end":27626.31},{"text":"finance","start":27626.31,"end":27626.79},{"text":"cannot","start":27626.79,"end":27627.35},{"text":"come","start":27627.35,"end":27627.83},{"text":"without","start":27627.91,"end":27628.51},{"text":"the","start":27628.51,"end":27628.67},{"text":"right","start":27628.67,"end":27629.03},{"text":"environment.","start":27629.03,"end":27629.75}]},{"text":"And so the idea to bring in government development finance institution, multilaterals, all kinds of brilliant ideas to come up with an innovative, strategic, forward-looking concept of rethinking about guarantees as a 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have a lot of funds today within the continent of Africa, which is not able to finance any development or finance 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to that extent, I think we are very excited to speak to the world regarding what this great initiative that is being supported by the German government and the Nigerian government is actually about to unleash with regards to unlocking this huge resource that is there for development and finance to 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I think at this point, our wise persons, group persons who are indeed very wise, will be talking to you on some of these recommendations and what they think about 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so I will leave here.","start":27809.51,"end":27810.87,"topics":[],"words":[{"text":"And","start":27809.51,"end":27809.67},{"text":"so","start":27809.67,"end":27809.83},{"text":"I","start":27809.83,"end":27809.91},{"text":"will","start":27809.99,"end":27810.19},{"text":"leave","start":27810.19,"end":27810.39},{"text":"here.","start":27810.47,"end":27810.87}]},{"text":"Thank you.","start":27810.95,"end":27811.27,"topics":[],"words":[{"text":"Thank","start":27810.95,"end":27811.11},{"text":"you.","start":27811.11,"end":27811.27}]}]}],"speaker":{"name":"Farouk Yusuf Yabo","affiliation":"NGA","affiliation_full":"Nigeria","group":null,"function":"Co-Chair; Permanent Secretary"}},{"statement_number":122,"start":27812.39,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=27813","paragraphs":[{"sentences":[{"text":"Thank you, 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Secretariat"}},{"statement_number":123,"start":27814.63,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=27815","paragraphs":[{"sentences":[{"text":"I'm very wise, that's for sure.","start":27814.63,"end":27816.23,"topics":[],"words":[{"text":"I'm","start":27814.63,"end":27814.95},{"text":"very","start":27814.95,"end":27815.27},{"text":"wise,","start":27815.27,"end":27815.59},{"text":"that's","start":27815.59,"end":27815.87},{"text":"for","start":27815.87,"end":27815.99},{"text":"sure.","start":27815.99,"end":27816.23}]},{"text":"No, I just found this really remarkable.","start":27817.59,"end":27820.71,"topics":[],"words":[{"text":"No,","start":27817.59,"end":27817.91},{"text":"I","start":27817.91,"end":27817.99},{"text":"just","start":27818.23,"end":27818.47},{"text":"found","start":27818.71,"end":27819.15},{"text":"this","start":27819.15,"end":27819.51},{"text":"really","start":27819.51,"end":27819.83},{"text":"remarkable.","start":27819.83,"end":27820.71}]},{"text":"You know, I have a lot of 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and the OECD is already working on this, in the past, development finance was a little bit hesitant to acknowledge the beauty of guarantee instruments due to the fact that it didn't count against the ODA 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more transparency about the different prices, incentive systems, and regulations that come with certain guarantee 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the World Bank has done one big step by organizing actually guarantees differently internally, and possibly others are going to follow 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Secretariat"}},{"statement_number":127,"start":28228.27,"pageUrl":"/en/asset/k1z/k1ze3e68wz?t=28229","paragraphs":[{"sentences":[{"text":"Hello. Yes, hi.","start":28228.27,"end":28229.55,"topics":[],"words":[{"text":"Hello.","start":28228.27,"end":28228.59},{"text":"Yes,","start":28228.75,"end":28229.23},{"text":"hi.","start":28229.23,"end":28229.55}]},{"text":"Thank you very much and congratulations very much on the report.","start":28229.55,"end":28233.15,"topics":[],"words":[{"text":"Thank","start":28229.55,"end":28229.79},{"text":"you","start":28229.79,"end":28229.87},{"text":"very","start":28229.87,"end":28230.03},{"text":"much","start":28230.03,"end":28230.35},{"text":"and","start":28230.35,"end":28230.67},{"text":"congratulations","start":28230.67,"end":28231.55},{"text":"very","start":28231.55,"end":28231.71},{"text":"much","start":28231.71,"end":28232.03},{"text":"on","start":28232.03,"end":28232.35},{"text":"the","start":28232.51,"end":28232.63},{"text":"report.","start":28232.63,"end":28233.15}]},{"text":"My name is Jesper Andersen.","start":28233.15,"end":28234.27,"topics":[],"words":[{"text":"My","start":28233.15,"end":28233.27},{"text":"name","start":28233.27,"end":28233.47},{"text":"is","start":28233.47,"end":28233.55},{"text":"Jesper","start":28233.55,"end":28233.87},{"text":"Andersen.","start":28233.87,"end":28234.27}]},{"text":"I'm from the Danish Ministry of Foreign Affairs.","start":28234.27,"end":28236.27,"topics":[],"words":[{"text":"I'm","start":28234.27,"end":28234.47},{"text":"from","start":28234.47,"end":28234.63},{"text":"the","start":28234.63,"end":28234.71},{"text":"Danish","start":28234.71,"end":28234.99},{"text":"Ministry","start":28234.99,"end":28235.39},{"text":"of","start":28235.39,"end":28235.47},{"text":"Foreign","start":28235.47,"end":28235.79},{"text":"Affairs.","start":28235.79,"end":28236.27}]},{"text":"I manage the Danish guarantee program that you may know have been in a pilot phase for the last few years with a frame of 280 million euros.","start":28236.75,"end":28246.11,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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for those who may not be aware, let me briefly outline the key elements of the Hand in Hand in 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demand for Hand in Hand continues to grow with some 77 countries overall and governments engage an increasing number of Hand in Hand regional 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you can see from this list, approximately half of the Hand in Hand countries are in the Africa region, sub-Saharan Africa 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a good global distribution, we see a continuing demand from countries and the Democratic Republic of Congo, DRC, and is one of the last countries to 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me say a few words here about the process.","start":34248.31,"end":34253.99,"topics":[],"words":[{"text":"Let","start":34248.31,"end":34248.51},{"text":"me","start":34248.51,"end":34248.71},{"text":"say","start":34248.71,"end":34249.19},{"text":"a","start":34249.27,"end":34249.31},{"text":"few","start":34249.31,"end":34249.59},{"text":"words","start":34249.59,"end":34249.99},{"text":"here","start":34249.99,"end":34250.63},{"text":"about","start":34250.63,"end":34251.43},{"text":"the","start":34252.15,"end":34252.43},{"text":"process.","start":34253.11,"end":34253.99}]},{"text":"It is really about consolidating, integrating knowledge to inform investments.","start":34255.11,"end":34263.71,"topics":[{"key":"agrifood-investment-planning","label":"Agrifood Investment Planning","description":"The FAO Hand-in-Hand discussion centered on using geospatial data and national planning to identify high-impact agricultural investment opportunities. 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thank you very much for bringing the value of hand in hand at regional level.","start":35106.27,"end":35110.19,"topics":[],"words":[{"text":"But","start":35106.27,"end":35106.47},{"text":"thank","start":35106.47,"end":35106.71},{"text":"you","start":35106.71,"end":35106.79},{"text":"very","start":35106.79,"end":35106.99},{"text":"much","start":35106.99,"end":35107.23},{"text":"for","start":35107.23,"end":35107.47},{"text":"bringing","start":35107.47,"end":35107.95},{"text":"the","start":35108.19,"end":35108.35},{"text":"value","start":35108.35,"end":35108.67},{"text":"of","start":35108.67,"end":35108.83},{"text":"hand","start":35108.83,"end":35109.03},{"text":"in","start":35109.03,"end":35109.15},{"text":"hand","start":35109.15,"end":35109.35},{"text":"at","start":35109.35,"end":35109.55},{"text":"regional","start":35109.55,"end":35109.91},{"text":"level.","start":35109.91,"end":35110.19}]},{"text":"Other questions, 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van Schaik of ICC.","start":35212.35,"end":35214.51,"topics":[],"words":[{"text":"My","start":35212.35,"end":35212.51},{"text":"name","start":35212.51,"end":35212.63},{"text":"is","start":35212.63,"end":35212.71},{"text":"Jasper","start":35212.71,"end":35212.99},{"text":"van","start":35212.99,"end":35213.11},{"text":"Schaik","start":35213.11,"end":35213.47},{"text":"of","start":35213.47,"end":35213.79},{"text":"ICC.","start":35213.87,"end":35214.51}]},{"text":"I was wondering if you mentioned leveraging the private sector investments, looking at skill, how do you still balance that with ensuring the inclusiveness for smallholder farmers in many respects?","start":35215.67,"end":35230.15,"topics":[{"key":"blended-finance","label":"Blended Finance and Catalytic Capital","description":"Multiple speakers emphasized using public or concessional resources to crowd in much larger volumes of private investment. 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