{"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/ga/c2/81/7","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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UMTAD.","start":233.87,"end":240.07,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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the outset, I would like to congratulate you and the bureau on your election.","start":240.99,"end":245.31,"topics":[],"words":[{"text":"At","start":240.99,"end":241.19},{"text":"the","start":241.19,"end":241.35},{"text":"outset,","start":241.35,"end":241.95},{"text":"I","start":242.03,"end":242.07},{"text":"would","start":242.07,"end":242.19},{"text":"like","start":242.19,"end":242.51},{"text":"to","start":242.51,"end":242.83},{"text":"congratulate","start":242.83,"end":243.55},{"text":"you","start":243.55,"end":243.87},{"text":"and","start":243.95,"end":244.11},{"text":"the","start":244.11,"end":244.19},{"text":"bureau","start":244.19,"end":244.47},{"text":"on","start":244.47,"end":244.67},{"text":"your","start":244.67,"end":244.79},{"text":"election.","start":244.79,"end":245.31}]},{"text":"A year ago, UMTAD 16 adopted the Geneva Consensus, asking UMTAD to align its work into the efforts being made elsewhere to implement and shape development 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is where the work we do in Geneva and in New York find their synergies and reinforce each 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Chair, let me highlight three priorities of the board this year, which complement the work of this committee and reflect three crucial areas where developing countries need both immediate answers and long-term 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what is the cost to move goods?","start":287.39,"end":289.71,"topics":[],"words":[{"text":"First,","start":287.39,"end":287.87},{"text":"what","start":287.87,"end":288.15},{"text":"is","start":288.15,"end":288.27},{"text":"the","start":288.27,"end":288.35},{"text":"cost","start":288.35,"end":288.95},{"text":"to","start":288.95,"end":289.03},{"text":"move","start":289.03,"end":289.31},{"text":"goods?","start":289.31,"end":289.71}]},{"text":"Second, what is the cost to borrow?","start":290.35,"end":291.95,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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members of the Trade and Development Board are committed to working together in building a future of prosperity shared by 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Chair,","start":471.27,"end":471.67},{"text":"Excellencies,","start":471.67,"end":472.47},{"text":"Distinguished","start":472.55,"end":473.11},{"text":"Delegates,","start":473.11,"end":473.67},{"text":"it","start":473.99,"end":474.19},{"text":"is","start":474.19,"end":474.31},{"text":"my","start":474.31,"end":474.47},{"text":"pleasure","start":474.47,"end":474.95},{"text":"to","start":474.95,"end":475.15},{"text":"present","start":475.15,"end":475.55},{"text":"the","start":475.55,"end":475.67},{"text":"Secretary-General's","start":475.67,"end":476.67},{"text":"report","start":476.67,"end":477.11},{"text":"on","start":477.11,"end":477.27},{"text":"international","start":477.27,"end":477.87},{"text":"trade","start":477.87,"end":478.19},{"text":"and","start":478.31,"end":478.51},{"text":"development.","start":478.51,"end":479.03}]},{"text":"Today, trade continues to grow, but the rules and conditions under which trade takes place have become less predictable.","start":479.83,"end":487.51,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"For","start":488.39,"end":488.55},{"text":"developing","start":488.55,"end":489.03},{"text":"countries,","start":489.03,"end":489.51},{"text":"this","start":489.59,"end":489.91},{"text":"means","start":489.91,"end":490.31},{"text":"higher","start":490.31,"end":490.71},{"text":"levels","start":490.71,"end":491.03},{"text":"of","start":491.03,"end":491.15},{"text":"uncertainty","start":491.15,"end":491.91},{"text":"that","start":492.15,"end":492.39},{"text":"increase","start":492.39,"end":492.79},{"text":"costs.","start":492.79,"end":493.51}]},{"text":"making it for them harder to leverage trade to support investment, diversification, and sustainable development.","start":493.71,"end":500.75,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"making","start":493.71,"end":494.07},{"text":"it","start":494.07,"end":494.19},{"text":"for","start":494.19,"end":494.35},{"text":"them","start":494.35,"end":494.59},{"text":"harder","start":494.59,"end":495.15},{"text":"to","start":495.15,"end":495.27},{"text":"leverage","start":495.27,"end":495.59},{"text":"trade","start":495.59,"end":496.07},{"text":"to","start":496.07,"end":496.15},{"text":"support","start":496.59,"end":496.99},{"text":"investment,","start":496.99,"end":497.71},{"text":"diversification,","start":497.95,"end":498.99},{"text":"and","start":499.39,"end":499.63},{"text":"sustainable","start":499.63,"end":500.19},{"text":"development.","start":500.19,"end":500.75}]},{"text":"I would like to leave you with three messages today.","start":502.11,"end":504.83,"topics":[],"words":[{"text":"I","start":502.11,"end":502.27},{"text":"would","start":502.27,"end":502.39},{"text":"like","start":502.43,"end":502.59},{"text":"to","start":502.59,"end":502.75},{"text":"leave","start":502.75,"end":503.07},{"text":"you","start":503.07,"end":503.23},{"text":"with","start":503.23,"end":503.47},{"text":"three","start":503.55,"end":503.79},{"text":"messages","start":503.79,"end":504.35},{"text":"today.","start":504.35,"end":504.83}]},{"text":"First, global trade is resilient, but that resiliency is uneven.","start":505.31,"end":510.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"First,","start":505.31,"end":505.87},{"text":"global","start":506.23,"end":506.59},{"text":"trade","start":506.59,"end":506.95},{"text":"is","start":506.95,"end":507.15},{"text":"resilient,","start":507.15,"end":507.87},{"text":"but","start":508.11,"end":508.43},{"text":"that","start":508.43,"end":508.67},{"text":"resiliency","start":508.67,"end":509.35},{"text":"is","start":509.35,"end":509.47},{"text":"uneven.","start":509.55,"end":510.03}]},{"text":"Global trade reached approximately $36 trillion in 2025.","start":510.83,"end":515.55,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Global","start":510.83,"end":511.23},{"text":"trade","start":511.23,"end":511.55},{"text":"reached","start":511.55,"end":511.95},{"text":"approximately","start":511.95,"end":512.83},{"text":"$36","start":512.83,"end":512.87},{"text":"trillion","start":512.91,"end":514.43},{"text":"in","start":514.43,"end":514.55},{"text":"2025.","start":514.55,"end":515.55}]},{"text":"Merchandise trade grew by 6.6% and services trade by 8.8%.","start":516.03,"end":522.55,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Merchandise","start":516.03,"end":516.75},{"text":"trade","start":516.75,"end":517.07},{"text":"grew","start":517.11,"end":517.31},{"text":"by","start":517.31,"end":517.47},{"text":"6.6%","start":517.47,"end":518.83},{"text":"and","start":518.83,"end":519.15},{"text":"services","start":519.39,"end":520.03},{"text":"trade","start":520.03,"end":520.35},{"text":"by","start":520.35,"end":520.59},{"text":"8.8%.","start":522.51,"end":522.55}]},{"text":"Developing economies are increasingly important to this growth.","start":522.75,"end":526.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Developing","start":522.75,"end":523.35},{"text":"economies","start":523.35,"end":523.87},{"text":"are","start":523.87,"end":524.11},{"text":"increasingly","start":524.11,"end":524.87},{"text":"important","start":524.87,"end":525.35},{"text":"to","start":525.35,"end":525.47},{"text":"this","start":525.47,"end":525.63},{"text":"growth.","start":525.63,"end":526.03}]},{"text":"South-South trade grew by around 80% between 2020 and 2025.","start":526.67,"end":532.19,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"South-South","start":526.67,"end":527.43},{"text":"trade","start":527.43,"end":527.87},{"text":"grew","start":527.95,"end":528.19},{"text":"by","start":528.19,"end":528.43},{"text":"around","start":528.43,"end":528.83},{"text":"80%","start":529.15,"end":529.19},{"text":"between","start":529.23,"end":530.27},{"text":"2020","start":530.27,"end":530.79},{"text":"and","start":530.79,"end":530.95},{"text":"2025.","start":530.95,"end":532.19}]},{"text":"These are important signs of opportunity.","start":533.07,"end":535.87,"topics":[],"words":[{"text":"These","start":533.07,"end":533.47},{"text":"are","start":533.47,"end":533.71},{"text":"important","start":533.71,"end":534.51},{"text":"signs","start":534.51,"end":534.99},{"text":"of","start":534.99,"end":535.11},{"text":"opportunity.","start":535.11,"end":535.87}]},{"text":"But the headline numbers conceal growing pressures.","start":536.75,"end":540.19,"topics":[],"words":[{"text":"But","start":536.75,"end":537.03},{"text":"the","start":537.03,"end":537.11},{"text":"headline","start":537.15,"end":537.83},{"text":"numbers","start":537.83,"end":538.43},{"text":"conceal","start":538.43,"end":538.99},{"text":"growing","start":538.99,"end":539.47},{"text":"pressures.","start":539.47,"end":540.19}]},{"text":"Higher tariffs, non-tariff measures, export controls, and other trade measures are changing market access conditions.","start":540.59,"end":548.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Higher","start":540.59,"end":540.99},{"text":"tariffs,","start":540.99,"end":541.63},{"text":"non-tariff","start":541.87,"end":542.43},{"text":"measures,","start":542.43,"end":543.07},{"text":"export","start":543.39,"end":543.83},{"text":"controls,","start":543.83,"end":544.43},{"text":"and","start":544.51,"end":544.75},{"text":"other","start":544.75,"end":545.15},{"text":"trade","start":545.15,"end":545.47},{"text":"measures","start":545.47,"end":546.03},{"text":"are","start":546.27,"end":546.51},{"text":"changing","start":546.59,"end":547.15},{"text":"market","start":547.15,"end":547.55},{"text":"access","start":547.55,"end":547.87},{"text":"conditions.","start":547.87,"end":548.67}]},{"text":"Firms are reorganizing supply chains and, in some cases, moving production or relying on intermediary economies.","start":549.75,"end":557.59,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Firms","start":549.75,"end":550.07},{"text":"are","start":550.07,"end":550.19},{"text":"reorganizing","start":550.19,"end":550.95},{"text":"supply","start":550.95,"end":551.35},{"text":"chains","start":551.35,"end":551.83},{"text":"and,","start":552.07,"end":552.27},{"text":"in","start":552.27,"end":552.35},{"text":"some","start":552.35,"end":552.55},{"text":"cases,","start":552.55,"end":553.11},{"text":"moving","start":553.43,"end":553.87},{"text":"production","start":553.87,"end":554.63},{"text":"or","start":554.71,"end":554.99},{"text":"relying","start":554.99,"end":555.59},{"text":"on","start":555.67,"end":555.83},{"text":"intermediary","start":555.83,"end":556.83},{"text":"economies.","start":556.83,"end":557.59}]},{"text":"For large and diversified economies, these adjustments can be costly but manageable.","start":558.47,"end":563.83,"topics":[],"words":[{"text":"For","start":558.47,"end":558.79},{"text":"large","start":558.79,"end":559.19},{"text":"and","start":559.27,"end":559.47},{"text":"diversified","start":559.47,"end":560.15},{"text":"economies,","start":560.15,"end":560.79},{"text":"these","start":560.95,"end":561.19},{"text":"adjustments","start":561.19,"end":561.91},{"text":"can","start":561.91,"end":562.07},{"text":"be","start":562.07,"end":562.19},{"text":"costly","start":562.19,"end":562.79},{"text":"but","start":562.87,"end":563.19},{"text":"manageable.","start":563.19,"end":563.83}]},{"text":"But for smaller developing economies, least developed countries, and small island developing states, the choices are much narrower.","start":564.71,"end":572.95,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"But","start":564.71,"end":565.03},{"text":"for","start":565.03,"end":565.19},{"text":"smaller","start":565.19,"end":565.67},{"text":"developing","start":565.67,"end":566.19},{"text":"economies,","start":566.19,"end":566.87},{"text":"least","start":566.95,"end":567.43},{"text":"developed","start":567.43,"end":567.87},{"text":"countries,","start":567.87,"end":568.55},{"text":"and","start":568.55,"end":568.71},{"text":"small","start":568.71,"end":569.11},{"text":"island","start":569.11,"end":569.63},{"text":"developing","start":569.63,"end":570.15},{"text":"states,","start":570.15,"end":570.79},{"text":"the","start":570.95,"end":571.11},{"text":"choices","start":571.11,"end":571.67},{"text":"are","start":571.67,"end":571.83},{"text":"much","start":571.83,"end":572.31},{"text":"narrower.","start":572.31,"end":572.95}]},{"text":"A country dependent on a small number of exports or imported energy cannot simply replace markets or suppliers overnight.","start":573.87,"end":582.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"A","start":573.87,"end":573.91},{"text":"country","start":573.91,"end":574.35},{"text":"dependent","start":574.35,"end":575.07},{"text":"on","start":575.07,"end":575.23},{"text":"a","start":575.23,"end":575.27},{"text":"small","start":575.27,"end":575.63},{"text":"number","start":575.63,"end":575.99},{"text":"of","start":575.99,"end":576.11},{"text":"exports","start":576.11,"end":576.67},{"text":"or","start":576.67,"end":576.91},{"text":"imported","start":576.91,"end":577.71},{"text":"energy","start":577.71,"end":578.35},{"text":"cannot","start":578.59,"end":579.07},{"text":"simply","start":579.07,"end":579.47},{"text":"replace","start":579.47,"end":579.95},{"text":"markets","start":579.95,"end":580.51},{"text":"or","start":580.51,"end":580.67},{"text":"suppliers","start":580.67,"end":581.31},{"text":"overnight.","start":581.31,"end":582.03}]},{"text":"This brings me to my second message.","start":582.91,"end":585.23,"topics":[],"words":[{"text":"This","start":582.91,"end":583.27},{"text":"brings","start":583.27,"end":583.59},{"text":"me","start":583.59,"end":583.75},{"text":"to","start":583.75,"end":583.91},{"text":"my","start":583.91,"end":584.11},{"text":"second","start":584.11,"end":584.51},{"text":"message.","start":584.51,"end":585.23}]},{"text":"Predictability is itself a development asset.","start":585.47,"end":589.39,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Predictability","start":585.47,"end":586.59},{"text":"is","start":586.59,"end":586.75},{"text":"itself","start":586.75,"end":587.39},{"text":"a","start":587.87,"end":587.91},{"text":"development","start":587.91,"end":588.75},{"text":"asset.","start":588.75,"end":589.39}]},{"text":"The value of the multilateral trading system, it's not only that it reduces barriers, it gives governments, firms, and investors a clearer basis on which to make long-term decisions.","start":590.27,"end":600.91,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"The","start":590.27,"end":590.51},{"text":"value","start":590.51,"end":590.83},{"text":"of","start":590.83,"end":590.91},{"text":"the","start":590.91,"end":591.07},{"text":"multilateral","start":591.07,"end":591.79},{"text":"trading","start":591.79,"end":592.11},{"text":"system,","start":592.11,"end":592.59},{"text":"it's","start":592.63,"end":592.91},{"text":"not","start":592.91,"end":593.15},{"text":"only","start":593.15,"end":593.47},{"text":"that","start":593.47,"end":593.71},{"text":"it","start":593.71,"end":593.79},{"text":"reduces","start":593.79,"end":594.31},{"text":"barriers,","start":594.31,"end":594.83},{"text":"it","start":595.23,"end":595.39},{"text":"gives","start":595.43,"end":595.67},{"text":"governments,","start":595.67,"end":596.27},{"text":"firms,","start":596.27,"end":596.59},{"text":"and","start":596.59,"end":596.71},{"text":"investors","start":596.71,"end":597.23},{"text":"a","start":597.39,"end":597.43},{"text":"clearer","start":597.43,"end":597.95},{"text":"basis","start":597.95,"end":598.51},{"text":"on","start":598.59,"end":598.79},{"text":"which","start":598.79,"end":599.07},{"text":"to","start":599.07,"end":599.23},{"text":"make","start":599.23,"end":599.55},{"text":"long-term","start":599.55,"end":600.15},{"text":"decisions.","start":600.15,"end":600.91}]},{"text":"The report therefore calls for renewed commitment to a universal, rules-based, open, non-discriminatory and equitable multilateral trading system with development at its center.","start":601.79,"end":612.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"The","start":601.79,"end":601.95},{"text":"report","start":601.95,"end":602.31},{"text":"therefore","start":602.31,"end":602.75},{"text":"calls","start":602.75,"end":603.07},{"text":"for","start":603.07,"end":603.39},{"text":"renewed","start":603.39,"end":603.83},{"text":"commitment","start":603.83,"end":604.39},{"text":"to","start":604.39,"end":604.51},{"text":"a","start":604.51,"end":604.55},{"text":"universal,","start":604.55,"end":605.31},{"text":"rules-based,","start":605.39,"end":606.15},{"text":"open,","start":606.27,"end":606.75},{"text":"non-discriminatory","start":607.07,"end":608.27},{"text":"and","start":608.27,"end":608.51},{"text":"equitable","start":608.51,"end":609.15},{"text":"multilateral","start":609.15,"end":609.87},{"text":"trading","start":609.87,"end":610.23},{"text":"system","start":610.23,"end":610.67},{"text":"with","start":610.99,"end":611.23},{"text":"development","start":611.23,"end":611.79},{"text":"at","start":611.79,"end":612.03},{"text":"its","start":612.03,"end":612.23},{"text":"center.","start":612.23,"end":612.67}]},{"text":"My third message is that restoring predictability must be accompanied by practical action that helps developing countries trade.","start":613.55,"end":620.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"My","start":613.55,"end":613.71},{"text":"third","start":613.71,"end":613.95},{"text":"message","start":613.95,"end":614.35},{"text":"is","start":614.35,"end":614.43},{"text":"that","start":614.43,"end":614.67},{"text":"restoring","start":614.67,"end":615.15},{"text":"predictability","start":615.15,"end":616.03},{"text":"must","start":616.03,"end":616.31},{"text":"be","start":616.31,"end":616.51},{"text":"accompanied","start":616.51,"end":617.07},{"text":"by","start":617.07,"end":617.23},{"text":"practical","start":617.23,"end":617.95},{"text":"action","start":617.95,"end":618.35},{"text":"that","start":618.67,"end":618.87},{"text":"helps","start":618.87,"end":619.27},{"text":"developing","start":619.27,"end":619.87},{"text":"countries","start":619.87,"end":620.27},{"text":"trade.","start":620.27,"end":620.67}]},{"text":"This means improving transparency around trade measures and reinforcing core disciplines where policies in one economy have significant effects on others.","start":621.15,"end":630.67,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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Trade and Development stands ready to support member states through analysis, consensus building, and technical cooperation.","start":696.27,"end":702.87,"topics":[],"words":[{"text":"UN","start":696.27,"end":696.67},{"text":"Trade","start":696.67,"end":696.87},{"text":"and","start":696.87,"end":696.99},{"text":"Development","start":696.99,"end":697.47},{"text":"stands","start":697.47,"end":697.79},{"text":"ready","start":697.79,"end":698.03},{"text":"to","start":698.03,"end":698.15},{"text":"support","start":698.15,"end":698.59},{"text":"member","start":698.59,"end":698.83},{"text":"states","start":698.83,"end":699.31},{"text":"through","start":699.63,"end":699.79},{"text":"analysis,","start":699.79,"end":700.43},{"text":"consensus","start":700.43,"end":700.99},{"text":"building,","start":700.99,"end":701.47},{"text":"and","start":701.47,"end":701.67},{"text":"technical","start":701.67,"end":702.11},{"text":"cooperation.","start":702.11,"end":702.87}]},{"text":"I thank you.","start":704.27,"end":704.83,"topics":[],"words":[{"text":"I","start":704.27,"end":704.43},{"text":"thank","start":704.43,"end":704.67},{"text":"you.","start":704.67,"end":704.83}]},{"text":"Chair, Excellencies, distinguished guests.","start":708.59,"end":711.55,"topics":[],"words":[{"text":"Chair,","start":708.59,"end":708.99},{"text":"Excellencies,","start":708.99,"end":709.79},{"text":"distinguished","start":709.87,"end":710.43},{"text":"guests.","start":711.35,"end":711.55}]}]}],"speaker":{"affiliation":"UNCTAD","group":null,"function":"Director, Division on International Trade and Commodities","affiliation_full":"UNCTAD"}},{"statement_number":9,"start":716.6,"pageUrl":"/en/ga/c2/81/7?t=11:57","paragraphs":[{"sentences":[{"text":"I thank Ms. De la Mora for her statement.","start":716.6,"end":718.84,"topics":[],"words":[{"text":"I","start":716.6,"end":716.76},{"text":"thank","start":716.8,"end":717.08},{"text":"Ms.","start":717.08,"end":717.4},{"text":"De","start":717.4,"end":717.48},{"text":"la","start":717.48,"end":717.56},{"text":"Mora","start":717.56,"end":717.84},{"text":"for","start":717.84,"end":717.96},{"text":"her","start":717.96,"end":718.12},{"text":"statement.","start":718.12,"end":718.84}]},{"text":"I now invite Mr. Oliver Schrank, Chief of the Policy Analysis and Development Branch in the Financing for Sustainable Development Office of the Department of Economic and Social Affairs, to introduce in one intervention the following reports of the Secretary-General.","start":718.84,"end":735.88,"topics":[],"words":[{"text":"I","start":718.84,"end":718.92},{"text":"now","start":718.92,"end":719.2},{"text":"invite","start":719.2,"end":719.88},{"text":"Mr.","start":719.88,"end":720.32},{"text":"Oliver","start":720.32,"end":720.68},{"text":"Schrank,","start":720.68,"end":721.16},{"text":"Chief","start":721.24,"end":721.6},{"text":"of","start":721.72,"end":722.04},{"text":"the","start":722.12,"end":722.32},{"text":"Policy","start":722.32,"end":722.8},{"text":"Analysis","start":722.8,"end":723.64},{"text":"and","start":723.64,"end":723.84},{"text":"Development","start":723.84,"end":724.4},{"text":"Branch","start":724.4,"end":724.84},{"text":"in","start":725.16,"end":725.36},{"text":"the","start":725.36,"end":725.48},{"text":"Financing","start":725.48,"end":726.04},{"text":"for","start":726.04,"end":726.28},{"text":"Sustainable","start":726.28,"end":726.92},{"text":"Development","start":726.92,"end":727.6},{"text":"Office","start":727.64,"end":728.28},{"text":"of","start":728.28,"end":728.44},{"text":"the","start":728.44,"end":728.52},{"text":"Department","start":728.52,"end":729.12},{"text":"of","start":729.12,"end":729.24},{"text":"Economic","start":729.24,"end":729.76},{"text":"and","start":729.76,"end":729.88},{"text":"Social","start":729.88,"end":730.28},{"text":"Affairs,","start":730.28,"end":730.92},{"text":"to","start":731.32,"end":731.48},{"text":"introduce","start":731.48,"end":732.2},{"text":"in","start":732.2,"end":732.44},{"text":"one","start":732.44,"end":732.6},{"text":"intervention","start":732.6,"end":733.48},{"text":"the","start":733.48,"end":733.64},{"text":"following","start":733.64,"end":734.08},{"text":"reports","start":734.08,"end":734.6},{"text":"of","start":734.6,"end":734.72},{"text":"the","start":734.72,"end":734.84},{"text":"Secretary-General.","start":734.84,"end":735.88}]},{"text":"Under agenda item 15B, the report on international financing system and development contained in document A/81/322.","start":736.71,"end":746.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Under","start":736.71,"end":737.07},{"text":"agenda","start":737.07,"end":737.51},{"text":"item","start":737.51,"end":737.83},{"text":"15B,","start":737.83,"end":738.67},{"text":"the","start":738.67,"end":738.83},{"text":"report","start":738.83,"end":739.27},{"text":"on","start":739.27,"end":739.39},{"text":"international","start":739.39,"end":740.11},{"text":"financing","start":740.11,"end":740.67},{"text":"system","start":740.67,"end":741.19},{"text":"and","start":741.19,"end":741.31},{"text":"development","start":741.31,"end":742.03},{"text":"contained","start":742.27,"end":742.79},{"text":"in","start":742.79,"end":742.91},{"text":"document","start":742.91,"end":743.55},{"text":"A/81/322.","start":743.55,"end":746.43}]},{"text":"Under agenda item 15D, the report on international coordination and cooperation to combat illicit financial flows contained in document A/81/269.","start":747.19,"end":759.55,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"We","start":858.11,"end":858.27},{"text":"already","start":858.27,"end":858.71},{"text":"heard","start":858.71,"end":859.03},{"text":"about","start":859.03,"end":859.39},{"text":"some","start":859.39,"end":859.63},{"text":"of","start":859.63,"end":859.79},{"text":"the","start":859.79,"end":859.91},{"text":"positive","start":860.67,"end":861.23},{"text":"aspects,","start":861.23,"end":861.75},{"text":"the","start":861.75,"end":861.83},{"text":"resilience","start":861.83,"end":862.67},{"text":"in","start":862.67,"end":862.83},{"text":"trade.","start":862.83,"end":863.39}]},{"text":"Implementation of the debt package of the CDR commitment is advancing in all its four pillars, and I'm sure the colleagues in UNCTAD will also speak to this.","start":863.79,"end":872.19,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Implementation","start":863.79,"end":864.59},{"text":"of","start":864.59,"end":864.75},{"text":"the","start":864.75,"end":864.83},{"text":"debt","start":864.83,"end":865.15},{"text":"package","start":865.15,"end":865.79},{"text":"of","start":865.79,"end":865.95},{"text":"the","start":865.95,"end":866.03},{"text":"CDR","start":866.03,"end":866.35},{"text":"commitment","start":866.35,"end":867.07},{"text":"is","start":867.07,"end":867.31},{"text":"advancing","start":867.31,"end":867.87},{"text":"in","start":867.87,"end":868.03},{"text":"all","start":868.03,"end":868.27},{"text":"its","start":868.27,"end":868.43},{"text":"four","start":868.43,"end":868.63},{"text":"pillars,","start":868.63,"end":869.31},{"text":"and","start":869.31,"end":869.47},{"text":"I'm","start":869.47,"end":869.67},{"text":"sure","start":869.67,"end":869.87},{"text":"the","start":869.87,"end":869.99},{"text":"colleagues","start":869.99,"end":870.51},{"text":"in","start":870.51,"end":870.67},{"text":"UNCTAD","start":870.67,"end":870.99},{"text":"will","start":870.99,"end":871.15},{"text":"also","start":871.15,"end":871.43},{"text":"speak","start":871.43,"end":871.71},{"text":"to","start":871.71,"end":871.87},{"text":"this.","start":871.87,"end":872.19}]},{"text":"I thought I'd highlight one aspect in particular, the IMF and the World Bank have just concluded the review of the debt sustainability framework for low-income countries.","start":872.59,"end":882.11,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"And","start":882.51,"end":882.75},{"text":"in","start":882.75,"end":882.91},{"text":"this","start":882.91,"end":883.23},{"text":"review","start":883.23,"end":883.71},{"text":"and","start":883.71,"end":884.03},{"text":"in","start":884.03,"end":884.15},{"text":"the","start":884.15,"end":884.27},{"text":"changes,","start":884.27,"end":884.87},{"text":"some","start":884.87,"end":885.39},{"text":"of","start":885.39,"end":885.55},{"text":"the","start":885.55,"end":885.67},{"text":"changes","start":886.27,"end":886.75},{"text":"made","start":886.75,"end":887.07},{"text":"respond","start":887.07,"end":887.67},{"text":"quite","start":887.67,"end":888.03},{"text":"directly","start":888.03,"end":888.67},{"text":"to","start":888.67,"end":888.91},{"text":"recommendations","start":888.99,"end":889.91},{"text":"in","start":889.91,"end":890.03},{"text":"the","start":890.03,"end":890.11},{"text":"CVIA","start":890.11,"end":890.67},{"text":"commitment,","start":890.67,"end":891.07},{"text":"for","start":891.07,"end":891.23},{"text":"example,","start":891.23,"end":891.87},{"text":"to","start":892.35,"end":892.43},{"text":"better","start":892.43,"end":892.83},{"text":"incorporate","start":892.83,"end":893.79},{"text":"both","start":894.19,"end":894.51},{"text":"climate","start":894.51,"end":894.99},{"text":"risks,","start":894.99,"end":895.39},{"text":"but","start":895.39,"end":895.63},{"text":"also","start":895.63,"end":895.87},{"text":"investments","start":895.87,"end":896.67},{"text":"in","start":896.67,"end":896.83},{"text":"climate","start":896.83,"end":897.15},{"text":"resilience","start":897.15,"end":897.75},{"text":"in","start":897.75,"end":897.87},{"text":"those","start":897.87,"end":898.11},{"text":"assessments.","start":898.11,"end":899.07}]},{"text":"So those, I would say, are notable areas of progress.","start":899.07,"end":901.87,"topics":[],"words":[{"text":"So","start":899.07,"end":899.23},{"text":"those,","start":899.23,"end":899.63},{"text":"I","start":899.63,"end":899.79},{"text":"would","start":899.79,"end":899.99},{"text":"say,","start":899.99,"end":900.11},{"text":"are","start":900.19,"end":900.27},{"text":"notable","start":900.27,"end":900.83},{"text":"areas","start":900.83,"end":901.15},{"text":"of","start":901.15,"end":901.27},{"text":"progress.","start":901.27,"end":901.87}]},{"text":"In many cases, this progress is also supported and driven by initiatives of the Seville Platform for Action.","start":902.27,"end":911.27,"topics":[],"words":[{"text":"In","start":902.27,"end":902.43},{"text":"many","start":902.43,"end":902.67},{"text":"cases,","start":902.67,"end":903.15},{"text":"this","start":903.15,"end":903.31},{"text":"progress","start":903.31,"end":903.95},{"text":"is","start":903.95,"end":904.11},{"text":"also","start":904.11,"end":904.75},{"text":"supported","start":905.23,"end":906.27},{"text":"and","start":906.27,"end":906.67},{"text":"driven","start":907.83,"end":908.31},{"text":"by","start":908.31,"end":908.55},{"text":"initiatives","start":908.55,"end":909.39},{"text":"of","start":909.39,"end":909.51},{"text":"the","start":909.51,"end":909.75},{"text":"Seville","start":909.75,"end":910.15},{"text":"Platform","start":910.15,"end":910.63},{"text":"for","start":910.63,"end":910.79},{"text":"Action.","start":910.79,"end":911.27}]},{"text":"At the same time, it's very important to recognize that this is happening in a very, very challenging global context, and the overall picture on development financing is very concerning.","start":911.75,"end":922.71,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"At","start":911.75,"end":911.99},{"text":"the","start":911.99,"end":912.07},{"text":"same","start":912.07,"end":912.31},{"text":"time,","start":912.31,"end":912.59},{"text":"it's","start":912.59,"end":912.83},{"text":"very","start":912.83,"end":912.99},{"text":"important","start":912.99,"end":913.47},{"text":"to","start":913.47,"end":913.55},{"text":"recognize","start":913.55,"end":914.39},{"text":"that","start":914.39,"end":914.79},{"text":"this","start":916.07,"end":916.31},{"text":"is","start":916.31,"end":916.39},{"text":"happening","start":916.39,"end":916.87},{"text":"in","start":916.87,"end":917.03},{"text":"a","start":917.03,"end":917.11},{"text":"very,","start":917.11,"end":917.43},{"text":"very","start":917.43,"end":917.75},{"text":"challenging","start":917.75,"end":918.27},{"text":"global","start":918.27,"end":918.59},{"text":"context,","start":918.59,"end":919.35},{"text":"and","start":919.35,"end":919.55},{"text":"the","start":919.55,"end":919.63},{"text":"overall","start":919.63,"end":920.07},{"text":"picture","start":920.07,"end":920.47},{"text":"on","start":920.47,"end":920.63},{"text":"development","start":920.63,"end":921.15},{"text":"financing","start":921.15,"end":921.67},{"text":"is","start":921.67,"end":921.75},{"text":"very","start":921.75,"end":921.99},{"text":"concerning.","start":921.99,"end":922.71}]},{"text":"We see, unfortunately, stagnating domestic resource mobilization rates for the last few years in developing countries.","start":923.51,"end":930.23,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"We","start":923.51,"end":923.67},{"text":"see,","start":923.67,"end":924.11},{"text":"unfortunately,","start":924.11,"end":924.95},{"text":"stagnating","start":924.95,"end":925.67},{"text":"domestic","start":925.67,"end":926.19},{"text":"resource","start":926.19,"end":926.55},{"text":"mobilization","start":926.55,"end":927.35},{"text":"rates","start":927.35,"end":927.83},{"text":"for","start":927.83,"end":928.07},{"text":"the","start":928.07,"end":928.15},{"text":"last","start":928.15,"end":928.47},{"text":"few","start":928.47,"end":928.71},{"text":"years","start":928.71,"end":928.95},{"text":"in","start":928.95,"end":929.03},{"text":"developing","start":929.03,"end":929.55},{"text":"countries.","start":929.55,"end":930.23}]},{"text":"As the President has already mentioned, FDI while growing globally, is becoming increasingly concentrated and bypassing vulnerable countries in particular.","start":931.83,"end":942.95,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."},{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"As","start":931.83,"end":932.15},{"text":"the","start":932.15,"end":932.31},{"text":"President","start":932.31,"end":932.79},{"text":"has","start":932.79,"end":932.91},{"text":"already","start":932.95,"end":933.23},{"text":"mentioned,","start":933.23,"end":933.75},{"text":"FDI","start":933.75,"end":934.31},{"text":"while","start":934.91,"end":935.43},{"text":"growing","start":935.43,"end":935.95},{"text":"globally,","start":935.95,"end":936.71},{"text":"is","start":936.79,"end":937.03},{"text":"becoming","start":937.03,"end":937.47},{"text":"increasingly","start":937.47,"end":938.07},{"text":"concentrated","start":938.07,"end":938.95},{"text":"and","start":938.95,"end":939.11},{"text":"bypassing","start":939.11,"end":939.99},{"text":"vulnerable","start":941.19,"end":941.67},{"text":"countries","start":941.67,"end":942.07},{"text":"in","start":942.07,"end":942.19},{"text":"particular.","start":942.19,"end":942.95}]},{"text":"Official development assistance has fallen, and we've seen the steepest cuts in history in the last year, with further cuts projected.","start":943.51,"end":951.83,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"And","start":952.47,"end":952.71},{"text":"some","start":952.95,"end":953.27},{"text":"key","start":953.27,"end":953.51},{"text":"aspects","start":953.51,"end":954.03},{"text":"of","start":954.03,"end":954.11},{"text":"financial","start":954.11,"end":954.63},{"text":"architecture","start":954.63,"end":955.51},{"text":"and","start":955.51,"end":955.67},{"text":"governance","start":955.67,"end":956.23},{"text":"reform","start":956.23,"end":956.79},{"text":"laid","start":957.19,"end":957.51},{"text":"out","start":957.51,"end":957.67},{"text":"in","start":957.67,"end":957.75},{"text":"the","start":957.75,"end":957.83},{"text":"CVA","start":957.83,"end":958.27},{"text":"commitment","start":958.27,"end":958.87},{"text":"are","start":958.87,"end":958.99},{"text":"also","start":959.03,"end":959.67},{"text":"stagnating","start":960.23,"end":960.95},{"text":"or","start":960.95,"end":961.03},{"text":"not","start":961.03,"end":961.35},{"text":"moving","start":961.35,"end":961.75},{"text":"ahead","start":961.75,"end":962.07},{"text":"in","start":962.15,"end":962.31},{"text":"this","start":962.31,"end":962.55},{"text":"challenging","start":962.55,"end":963.07},{"text":"global","start":963.07,"end":963.43},{"text":"context.","start":963.43,"end":964.15}]},{"text":"At the same time, this global context of increasing fragility shocks already was the backdrop to negotiations for Cevier.","start":965.03,"end":973.99,"topics":[],"words":[{"text":"At","start":965.03,"end":965.19},{"text":"the","start":965.19,"end":965.31},{"text":"same","start":965.31,"end":965.59},{"text":"time,","start":965.59,"end":965.99},{"text":"this","start":966.07,"end":966.31},{"text":"global","start":966.91,"end":967.19},{"text":"context","start":967.19,"end":967.83},{"text":"of","start":967.83,"end":967.91},{"text":"increasing","start":967.91,"end":968.55},{"text":"fragility","start":968.55,"end":969.27},{"text":"shocks","start":969.27,"end":969.91},{"text":"already","start":969.91,"end":970.95},{"text":"was","start":971.27,"end":971.59},{"text":"the","start":971.59,"end":971.75},{"text":"backdrop","start":971.75,"end":972.47},{"text":"to","start":972.47,"end":972.59},{"text":"negotiations","start":972.59,"end":973.35},{"text":"for","start":973.35,"end":973.51},{"text":"Cevier.","start":973.51,"end":973.99}]},{"text":"So the Cevier commitment does contain many commitments that would enhance resilience of countries, that would strengthen the international architecture to better prevent and respond to such stocks.","start":973.99,"end":985.83,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. 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will just mention one or two areas for further guidance by the committee in this area that might be 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of you have nominated them, and there's an active work program and very productive exchanges among those focal points 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Committee could consider encouraging the appointment of national focal points in all countries to further strengthen these discussions.","start":1025.07,"end":1032.11,"topics":[],"words":[{"text":"The","start":1025.07,"end":1025.19},{"text":"Committee","start":1025.19,"end":1025.55},{"text":"could","start":1025.55,"end":1025.75},{"text":"consider","start":1025.75,"end":1026.35},{"text":"encouraging","start":1026.71,"end":1027.39},{"text":"the","start":1027.39,"end":1027.51},{"text":"appointment","start":1027.51,"end":1028.07},{"text":"of","start":1028.07,"end":1028.19},{"text":"national","start":1028.19,"end":1028.55},{"text":"focal","start":1028.55,"end":1028.83},{"text":"points","start":1028.83,"end":1029.15},{"text":"in","start":1029.15,"end":1029.23},{"text":"all","start":1029.23,"end":1029.47},{"text":"countries","start":1029.47,"end":1030.03},{"text":"to","start":1030.03,"end":1030.11},{"text":"further","start":1030.11,"end":1030.43},{"text":"strengthen","start":1030.43,"end":1030.99},{"text":"these","start":1030.99,"end":1031.23},{"text":"discussions.","start":1031.23,"end":1032.11}]},{"text":"The Committee may also wish to consider how to prepare and provide guidance for the organization of the high-level dialogue on financing for development, which is scheduled to take place in September 2027, back-to-back with the SDG Summit.","start":1032.59,"end":1048.03,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Let","start":1049.15,"end":1049.27},{"text":"me","start":1049.27,"end":1049.47},{"text":"go","start":1049.47,"end":1049.63},{"text":"to","start":1049.63,"end":1049.83},{"text":"the","start":1049.83,"end":1050.03},{"text":"second","start":1050.03,"end":1050.35},{"text":"report,","start":1050.43,"end":1051.07},{"text":"that's","start":1051.07,"end":1051.71},{"text":"A/81/322,","start":1051.71,"end":1053.39},{"text":"the","start":1054.03,"end":1054.15},{"text":"International","start":1054.15,"end":1054.75},{"text":"Financial","start":1054.75,"end":1055.23},{"text":"System","start":1055.23,"end":1055.63},{"text":"and","start":1055.63,"end":1055.75},{"text":"Development.","start":1055.75,"end":1056.51}]},{"text":"This report explores the theme of shocks and crises in more depth, in particular with regard to its implications for the international financial system and for the international financial architecture.","start":1057.71,"end":1070.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Excellencies,","start":1585.23,"end":1586.11},{"text":"the","start":1586.11,"end":1586.27},{"text":"year","start":1586.27,"end":1586.67},{"text":"2025","start":1586.67,"end":1588.11},{"text":"and","start":1588.51,"end":1588.71},{"text":"the","start":1588.71,"end":1588.79},{"text":"first","start":1588.79,"end":1589.15},{"text":"quarter","start":1589.15,"end":1589.59},{"text":"of","start":1589.59,"end":1589.71},{"text":"2026","start":1589.71,"end":1590.83},{"text":"provided","start":1591.23,"end":1591.95},{"text":"no","start":1591.95,"end":1592.35},{"text":"evidence","start":1592.35,"end":1593.07},{"text":"of","start":1593.39,"end":1593.63},{"text":"improvement","start":1593.63,"end":1594.51},{"text":"in","start":1594.51,"end":1594.71},{"text":"the","start":1594.71,"end":1594.79},{"text":"predictability","start":1594.79,"end":1595.55},{"text":"or","start":1596.27,"end":1596.43},{"text":"sufficiency","start":1596.43,"end":1597.39},{"text":"of","start":1597.71,"end":1597.87},{"text":"external","start":1597.87,"end":1598.51},{"text":"finance","start":1598.51,"end":1599.07},{"text":"to","start":1599.07,"end":1599.23},{"text":"developing","start":1599.23,"end":1599.75},{"text":"countries.","start":1599.75,"end":1600.43}]},{"text":"And indeed, the cost of finance remains a real concern for these countries in particular.","start":1600.99,"end":1607.43,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"And","start":1600.99,"end":1601.23},{"text":"indeed,","start":1601.23,"end":1601.87},{"text":"the","start":1602.19,"end":1602.31},{"text":"cost","start":1602.31,"end":1602.75},{"text":"of","start":1602.75,"end":1602.83},{"text":"finance","start":1602.83,"end":1603.39},{"text":"remains","start":1603.39,"end":1604.11},{"text":"a","start":1604.11,"end":1604.19},{"text":"real","start":1604.19,"end":1604.59},{"text":"concern","start":1604.59,"end":1605.39},{"text":"for","start":1605.63,"end":1605.83},{"text":"these","start":1605.83,"end":1606.11},{"text":"countries","start":1606.11,"end":1606.63},{"text":"in","start":1606.63,"end":1606.75},{"text":"particular.","start":1606.75,"end":1607.43}]},{"text":"UNCTAD's latest World of Debt report, which is out today, shows that rising debt costs are stalling development.","start":1608.59,"end":1617.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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been posted on Second Committee's place on e-delegate.","start":1854.15,"end":1882.59,"topics":[],"words":[{"text":"I","start":1854.15,"end":1854.31},{"text":"now","start":1854.31,"end":1854.59},{"text":"invite","start":1854.59,"end":1855.07},{"text":"Ms.","start":1855.07,"end":1855.59},{"text":"Anu","start":1855.59,"end":1856.07},{"text":"Peltola,","start":1856.15,"end":1856.87},{"text":"Director","start":1857.27,"end":1857.91},{"text":"of","start":1857.91,"end":1858.15},{"text":"the","start":1858.15,"end":1858.31},{"text":"Statistics","start":1858.31,"end":1859.03},{"text":"Service","start":1859.03,"end":1859.51},{"text":"of","start":1859.51,"end":1859.67},{"text":"UNCTAD,","start":1859.71,"end":1860.15},{"text":"who","start":1860.15,"end":1860.35},{"text":"also","start":1860.35,"end":1860.87},{"text":"is","start":1860.87,"end":1860.99},{"text":"joining","start":1860.99,"end":1861.43},{"text":"us","start":1861.43,"end":1861.67},{"text":"virtually,","start":1861.67,"end":1862.31},{"text":"to","start":1862.71,"end":1862.83},{"text":"introduce","start":1862.83,"end":1863.51},{"text":"under","start":1863.51,"end":1863.99},{"text":"agenda","start":1863.99,"end":1864.47},{"text":"item","start":1864.47,"end":1864.79},{"text":"15D,","start":1864.79,"end":1865.67},{"text":"pursuant","start":1866.03,"end":1866.51},{"text":"to","start":1866.51,"end":1866.63},{"text":"General","start":1866.63,"end":1867.11},{"text":"Assembly","start":1867.11,"end":1867.59},{"text":"resolution","start":1867.59,"end":1868.31},{"text":"80/126,","start":1868.31,"end":1870.63},{"text":"the","start":1871.23,"end":1871.27},{"text":"dedicated","start":1871.27,"end":1871.87},{"text":"section","start":1871.87,"end":1872.51},{"text":"of","start":1872.51,"end":1872.71},{"text":"the","start":1872.71,"end":1872.83},{"text":"Sustainable","start":1872.83,"end":1873.51},{"text":"Development","start":1873.51,"end":1874.11},{"text":"Goals","start":1874.11,"end":1874.51},{"text":"Pulse","start":1874.51,"end":1874.83},{"text":"Report,","start":1874.83,"end":1875.43},{"text":"which","start":1875.83,"end":1876.11},{"text":"is","start":1876.11,"end":1876.27},{"text":"available","start":1876.27,"end":1876.87},{"text":"on","start":1877.39,"end":1877.59},{"text":"the","start":1877.59,"end":1877.71},{"text":"UNCTAD","start":1877.79,"end":1878.19},{"text":"website","start":1878.19,"end":1878.83},{"text":"and","start":1878.83,"end":1879.07},{"text":"also","start":1879.07,"end":1879.39},{"text":"has","start":1879.39,"end":1879.63},{"text":"been","start":1879.63,"end":1879.87},{"text":"posted","start":1879.87,"end":1880.35},{"text":"on","start":1880.35,"end":1880.43},{"text":"Second","start":1880.43,"end":1880.63},{"text":"Committee's","start":1880.63,"end":1881.31},{"text":"place","start":1881.31,"end":1881.71},{"text":"on","start":1881.71,"end":1881.87},{"text":"e-delegate.","start":1881.87,"end":1882.59}]},{"text":"Mr. Peltola, you have the floor.","start":1883.23,"end":1885.15,"topics":[],"words":[{"text":"Mr.","start":1883.23,"end":1883.55},{"text":"Peltola,","start":1883.55,"end":1884.11},{"text":"you","start":1884.11,"end":1884.19},{"text":"have","start":1884.19,"end":1884.51},{"text":"the","start":1884.51,"end":1884.71},{"text":"floor.","start":1884.71,"end":1885.15}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":14,"start":1888.15,"pageUrl":"/en/ga/c2/81/7?t=31:29","paragraphs":[{"sentences":[{"text":"Thank you, Chair, Excellencies, distinguished delegates.","start":1888.15,"end":1892.83,"topics":[],"words":[{"text":"Thank","start":1888.15,"end":1888.43},{"text":"you,","start":1888.43,"end":1888.67},{"text":"Chair,","start":1888.83,"end":1889.23},{"text":"Excellencies,","start":1889.47,"end":1890.51},{"text":"distinguished","start":1890.91,"end":1891.87},{"text":"delegates.","start":1892.03,"end":1892.83}]},{"text":"It's my honor to present the key messages of the joint note by UN Trade and Development and UN Office on Drugs and Crime on illicit financial flows in response to your request and to our mandates as custodians of sustainable development goals indicator 16.4.1.","start":1893.15,"end":1910.31,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"It's","start":1893.15,"end":1893.35},{"text":"my","start":1893.35,"end":1893.59},{"text":"honor","start":1893.59,"end":1893.75},{"text":"to","start":1893.75,"end":1893.91},{"text":"present","start":1893.91,"end":1894.43},{"text":"the","start":1894.55,"end":1894.67},{"text":"key","start":1894.67,"end":1894.87},{"text":"messages","start":1894.87,"end":1895.47},{"text":"of","start":1895.47,"end":1895.59},{"text":"the","start":1895.59,"end":1895.71},{"text":"joint","start":1895.71,"end":1896.15},{"text":"note","start":1896.15,"end":1896.71},{"text":"by","start":1897.11,"end":1897.59},{"text":"UN","start":1897.67,"end":1897.99},{"text":"Trade","start":1897.99,"end":1898.19},{"text":"and","start":1898.19,"end":1898.35},{"text":"Development","start":1898.35,"end":1898.95},{"text":"and","start":1898.95,"end":1899.23},{"text":"UN","start":1899.23,"end":1899.51},{"text":"Office","start":1899.51,"end":1900.15},{"text":"on","start":1900.31,"end":1900.47},{"text":"Drugs","start":1900.47,"end":1900.79},{"text":"and","start":1900.79,"end":1900.95},{"text":"Crime","start":1900.95,"end":1901.43},{"text":"on","start":1901.43,"end":1901.59},{"text":"illicit","start":1901.59,"end":1901.99},{"text":"financial","start":1901.99,"end":1902.55},{"text":"flows","start":1902.55,"end":1903.03},{"text":"in","start":1903.43,"end":1903.59},{"text":"response","start":1903.59,"end":1904.07},{"text":"to","start":1904.07,"end":1904.15},{"text":"your","start":1904.15,"end":1904.43},{"text":"request","start":1904.43,"end":1904.95},{"text":"and","start":1905.03,"end":1905.31},{"text":"to","start":1905.31,"end":1905.43},{"text":"our","start":1905.43,"end":1905.51},{"text":"mandates","start":1905.51,"end":1906.07},{"text":"as","start":1906.07,"end":1906.23},{"text":"custodians","start":1906.23,"end":1907.03},{"text":"of","start":1907.47,"end":1907.59},{"text":"sustainable","start":1907.59,"end":1908.15},{"text":"development","start":1908.15,"end":1908.59},{"text":"goals","start":1908.59,"end":1908.79},{"text":"indicator","start":1908.79,"end":1909.35},{"text":"16.4.1.","start":1909.35,"end":1910.31}]},{"text":"Allow me to highlight three messages.","start":1910.71,"end":1912.87,"topics":[],"words":[{"text":"Allow","start":1910.71,"end":1910.91},{"text":"me","start":1910.91,"end":1911.15},{"text":"to","start":1911.19,"end":1911.35},{"text":"highlight","start":1911.35,"end":1911.83},{"text":"three","start":1911.83,"end":1912.07},{"text":"messages.","start":1912.07,"end":1912.87}]},{"text":"First, tackling illicit financial flows is essential to financing development.","start":1913.27,"end":1918.87,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"First,","start":1913.27,"end":1913.75},{"text":"tackling","start":1914.23,"end":1914.63},{"text":"illicit","start":1914.63,"end":1915.03},{"text":"financial","start":1915.03,"end":1915.63},{"text":"flows","start":1915.63,"end":1916.07},{"text":"is","start":1916.47,"end":1916.63},{"text":"essential","start":1916.63,"end":1917.27},{"text":"to","start":1917.51,"end":1917.67},{"text":"financing","start":1917.67,"end":1918.23},{"text":"development.","start":1918.23,"end":1918.87}]},{"text":"At a time of widening financing gaps and uneven progress towards the SDGs, preventing losses from illicit financial flows is more urgent than ever before.","start":1919.59,"end":1931.35,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"At","start":1919.59,"end":1919.67},{"text":"a","start":1919.67,"end":1919.75},{"text":"time","start":1919.75,"end":1920.15},{"text":"of","start":1920.15,"end":1920.31},{"text":"widening","start":1920.31,"end":1920.87},{"text":"financing","start":1920.87,"end":1921.43},{"text":"gaps","start":1921.43,"end":1921.91},{"text":"and","start":1921.91,"end":1922.15},{"text":"uneven","start":1922.31,"end":1922.95},{"text":"progress","start":1922.95,"end":1923.67},{"text":"towards","start":1923.91,"end":1924.55},{"text":"the","start":1924.55,"end":1924.67},{"text":"SDGs,","start":1924.67,"end":1925.59},{"text":"preventing","start":1925.99,"end":1926.63},{"text":"losses","start":1926.71,"end":1927.43},{"text":"from","start":1927.43,"end":1927.67},{"text":"illicit","start":1927.67,"end":1928.07},{"text":"financial","start":1928.07,"end":1928.59},{"text":"flows","start":1928.59,"end":1928.95},{"text":"is","start":1928.95,"end":1929.11},{"text":"more","start":1929.11,"end":1929.39},{"text":"urgent","start":1929.39,"end":1929.99},{"text":"than","start":1930.39,"end":1930.55},{"text":"ever","start":1930.55,"end":1930.79},{"text":"before.","start":1930.79,"end":1931.35}]},{"text":"These flows drain resources needed for development, fuel corruption and organized crime, and weaken governance and public trust.","start":1932.07,"end":1940.47,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"These","start":1932.07,"end":1932.31},{"text":"flows","start":1932.31,"end":1932.63},{"text":"drain","start":1932.63,"end":1932.95},{"text":"resources","start":1932.95,"end":1933.59},{"text":"needed","start":1933.59,"end":1933.95},{"text":"for","start":1933.95,"end":1934.15},{"text":"development,","start":1934.15,"end":1934.79},{"text":"fuel","start":1935.27,"end":1935.75},{"text":"corruption","start":1935.75,"end":1936.55},{"text":"and","start":1936.63,"end":1936.83},{"text":"organized","start":1936.83,"end":1937.35},{"text":"crime,","start":1937.35,"end":1937.83},{"text":"and","start":1938.23,"end":1938.47},{"text":"weaken","start":1938.47,"end":1938.87},{"text":"governance","start":1938.87,"end":1939.39},{"text":"and","start":1939.39,"end":1939.59},{"text":"public","start":1939.59,"end":1939.91},{"text":"trust.","start":1939.91,"end":1940.47}]},{"text":"Data are essential to point to channels and areas prone to illicit finance.","start":1941.19,"end":1945.75,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"Data","start":1941.19,"end":1941.59},{"text":"are","start":1941.91,"end":1942.15},{"text":"essential","start":1942.15,"end":1942.71},{"text":"to","start":1942.71,"end":1942.87},{"text":"point","start":1942.87,"end":1943.19},{"text":"to","start":1943.19,"end":1943.27},{"text":"channels","start":1943.27,"end":1943.75},{"text":"and","start":1943.75,"end":1943.87},{"text":"areas","start":1943.87,"end":1944.31},{"text":"prone","start":1944.31,"end":1944.63},{"text":"to","start":1944.63,"end":1944.75},{"text":"illicit","start":1944.75,"end":1945.15},{"text":"finance.","start":1945.15,"end":1945.75}]},{"text":"to recover assets and strengthen domestic resource mobilization.","start":1946.27,"end":1950.03,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"to","start":1946.27,"end":1946.39},{"text":"recover","start":1946.43,"end":1946.91},{"text":"assets","start":1946.91,"end":1947.55},{"text":"and","start":1947.55,"end":1947.79},{"text":"strengthen","start":1947.79,"end":1948.27},{"text":"domestic","start":1948.27,"end":1948.75},{"text":"resource","start":1948.75,"end":1949.15},{"text":"mobilization.","start":1949.15,"end":1950.03}]},{"text":"Put simply, resources lost through illicit finance are resources not available to build schools, staff hospitals, offer housing, create jobs, and finance countries' own development priorities.","start":1950.99,"end":1963.47,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Put","start":1950.99,"end":1951.23},{"text":"simply,","start":1951.23,"end":1951.79},{"text":"resources","start":1951.87,"end":1952.43},{"text":"lost","start":1952.43,"end":1952.79},{"text":"through","start":1952.79,"end":1952.91},{"text":"illicit","start":1952.91,"end":1953.23},{"text":"finance","start":1953.23,"end":1953.75},{"text":"are","start":1953.79,"end":1953.99},{"text":"resources","start":1953.99,"end":1954.67},{"text":"not","start":1954.75,"end":1955.07},{"text":"available","start":1955.07,"end":1955.63},{"text":"to","start":1955.95,"end":1956.11},{"text":"build","start":1956.11,"end":1956.35},{"text":"schools,","start":1956.35,"end":1956.99},{"text":"staff","start":1957.23,"end":1957.63},{"text":"hospitals,","start":1957.63,"end":1958.43},{"text":"offer","start":1958.75,"end":1959.07},{"text":"housing,","start":1959.07,"end":1959.63},{"text":"create","start":1959.63,"end":1959.95},{"text":"jobs,","start":1959.95,"end":1960.35},{"text":"and","start":1960.35,"end":1960.59},{"text":"finance","start":1960.91,"end":1961.47},{"text":"countries'","start":1961.47,"end":1961.95},{"text":"own","start":1961.95,"end":1962.19},{"text":"development","start":1962.19,"end":1962.67},{"text":"priorities.","start":1962.67,"end":1963.47}]},{"text":"Second, measurement is bringing results.","start":1964.59,"end":1966.83,"topics":[],"words":[{"text":"Second,","start":1964.59,"end":1965.15},{"text":"measurement","start":1965.15,"end":1965.63},{"text":"is","start":1965.63,"end":1965.79},{"text":"bringing","start":1965.79,"end":1966.27},{"text":"results.","start":1966.27,"end":1966.83}]},{"text":"Through the joint work of UNCTAD, UNODC and the UN regional commissions, 23 member states have applied the agreed methodologies to measure illicit financial flows, and 11 are updating estimates for global reporting.","start":1967.07,"end":1980.11,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"Through","start":1967.07,"end":1967.31},{"text":"the","start":1967.31,"end":1967.47},{"text":"joint","start":1967.47,"end":1967.79},{"text":"work","start":1967.79,"end":1968.35},{"text":"of","start":1968.35,"end":1968.59},{"text":"UNCTAD,","start":1968.59,"end":1968.95},{"text":"UNODC","start":1968.95,"end":1969.83},{"text":"and","start":1969.83,"end":1969.99},{"text":"the","start":1969.99,"end":1970.07},{"text":"UN","start":1970.07,"end":1970.35},{"text":"regional","start":1970.35,"end":1970.83},{"text":"commissions,","start":1970.83,"end":1971.39},{"text":"23","start":1971.79,"end":1972.35},{"text":"member","start":1972.35,"end":1972.67},{"text":"states","start":1972.67,"end":1972.91},{"text":"have","start":1972.91,"end":1973.07},{"text":"applied","start":1973.07,"end":1973.55},{"text":"the","start":1973.63,"end":1973.83},{"text":"agreed","start":1973.83,"end":1974.11},{"text":"methodologies","start":1974.11,"end":1974.91},{"text":"to","start":1974.91,"end":1974.99},{"text":"measure","start":1974.99,"end":1975.31},{"text":"illicit","start":1975.31,"end":1975.67},{"text":"financial","start":1975.67,"end":1976.19},{"text":"flows,","start":1976.19,"end":1976.59},{"text":"and","start":1977.31,"end":1977.47},{"text":"11","start":1977.47,"end":1977.87},{"text":"are","start":1977.87,"end":1978.07},{"text":"updating","start":1978.07,"end":1978.51},{"text":"estimates","start":1978.51,"end":1978.99},{"text":"for","start":1978.99,"end":1979.11},{"text":"global","start":1979.11,"end":1979.39},{"text":"reporting.","start":1979.39,"end":1980.11}]},{"text":"Additionally, the first tax-related IFF data were reported last year.","start":1980.27,"end":1984.83,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"Additionally,","start":1980.27,"end":1980.99},{"text":"the","start":1981.47,"end":1981.55},{"text":"first","start":1981.63,"end":1982.03},{"text":"tax-related","start":1982.03,"end":1982.67},{"text":"IFF","start":1982.67,"end":1983.15},{"text":"data","start":1983.15,"end":1983.39},{"text":"were","start":1983.39,"end":1983.63},{"text":"reported","start":1983.71,"end":1984.23},{"text":"last","start":1984.27,"end":1984.59},{"text":"year.","start":1984.59,"end":1984.83}]},{"text":"These statistics are being used to identify vulnerabilities and risks and target policy action, and they reveal significant levels of illicit financial flows ranging from 5 to 30% of official goods trade value of countries.","start":1985.79,"end":2000.15,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. 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I invite now Ms. Nan Li Collins, Director of the Division of Investment and Enterprise of UNCTAD, who is joining us virtually to introduce under agenda item 15E the relevant section of the World Investment Report, which was transmitted through the note by the Secretary-General, contained in document A/81/229, and which also is available on the Second Committee place on 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Collins, you have the floor.","start":2268.83,"end":2270.63,"topics":[],"words":[{"text":"Ms.","start":2268.83,"end":2269.19},{"text":"Collins,","start":2269.19,"end":2269.75},{"text":"you","start":2269.75,"end":2269.91},{"text":"have","start":2269.91,"end":2270.07},{"text":"the","start":2270.07,"end":2270.19},{"text":"floor.","start":2270.19,"end":2270.63}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":16,"start":2273.35,"pageUrl":"/en/ga/c2/81/7?t=37:54","paragraphs":[{"sentences":[{"text":"Chair, Excellencies, Distinguished Delegates, thank you for the opportunity to present the World Investment 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the development gains that the creative sector promises.","start":2784.23,"end":2788.07,"topics":[],"words":[{"text":"to","start":2784.23,"end":2784.39},{"text":"effectively","start":2784.39,"end":2784.91},{"text":"achieve","start":2784.91,"end":2785.19},{"text":"the","start":2785.19,"end":2785.27},{"text":"development","start":2785.27,"end":2785.71},{"text":"gains","start":2785.71,"end":2786.07},{"text":"that","start":2786.07,"end":2786.27},{"text":"the","start":2786.27,"end":2786.39},{"text":"creative","start":2786.39,"end":2786.95},{"text":"sector","start":2786.95,"end":2787.35},{"text":"promises.","start":2787.35,"end":2788.07}]},{"text":"I thank you, Madam 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don't have any requests for the floor.","start":2830.44,"end":2832.92,"topics":[],"words":[{"text":"I","start":2830.44,"end":2830.68},{"text":"don't","start":2830.68,"end":2831.16},{"text":"have","start":2831.16,"end":2831.32},{"text":"any","start":2831.32,"end":2831.52},{"text":"requests","start":2831.52,"end":2831.96},{"text":"for","start":2831.96,"end":2832.2},{"text":"the","start":2832.2,"end":2832.28},{"text":"floor.","start":2832.28,"end":2832.92}]},{"text":"That means the report were very clear to you.","start":2834.04,"end":2836.16,"topics":[],"words":[{"text":"That","start":2834.04,"end":2834.16},{"text":"means","start":2834.2,"end":2834.52},{"text":"the","start":2834.52,"end":2834.6},{"text":"report","start":2834.6,"end":2835.08},{"text":"were","start":2835.08,"end":2835.24},{"text":"very","start":2835.24,"end":2835.48},{"text":"clear","start":2835.48,"end":2835.8},{"text":"to","start":2835.8,"end":2836},{"text":"you.","start":2836,"end":2836.16}]},{"text":"So we can thank the presenters for introducing their reports for daytime with the committee and leave them a few moments to leave the 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submit longer versions of their statements by e-mail to e-statements@un.org.","start":2965.75,"end":2972.71,"topics":[],"words":[{"text":"Delegations","start":2965.75,"end":2966.39},{"text":"are","start":2966.39,"end":2966.59},{"text":"requested","start":2966.59,"end":2967.11},{"text":"to","start":2967.11,"end":2967.23},{"text":"submit","start":2967.23,"end":2967.59},{"text":"longer","start":2967.59,"end":2967.99},{"text":"versions","start":2967.99,"end":2968.43},{"text":"of","start":2968.43,"end":2968.59},{"text":"their","start":2968.59,"end":2968.75},{"text":"statements","start":2968.75,"end":2969.27},{"text":"by","start":2969.27,"end":2969.51},{"text":"e-mail","start":2969.51,"end":2970.07},{"text":"to","start":2970.07,"end":2970.39},{"text":"e-statements@un.org.","start":2970.39,"end":2972.71}]},{"text":"I thank speakers in advance for their 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cooperation must be grounded in solidarity, equity, and the right of every country to pursue policies tailored to its national circumstances.","start":3028.07,"end":3040.47,"topics":[],"words":[{"text":"International","start":3028.07,"end":3028.79},{"text":"cooperation","start":3028.79,"end":3029.59},{"text":"must","start":3030.39,"end":3030.71},{"text":"be","start":3030.71,"end":3030.95},{"text":"grounded","start":3030.95,"end":3031.43},{"text":"in","start":3031.43,"end":3031.59},{"text":"solidarity,","start":3031.59,"end":3032.47},{"text":"equity,","start":3033.03,"end":3033.67},{"text":"and","start":3033.75,"end":3033.95},{"text":"the","start":3033.95,"end":3034.03},{"text":"right","start":3034.03,"end":3034.55},{"text":"of","start":3034.63,"end":3034.87},{"text":"every","start":3034.87,"end":3035.27},{"text":"country","start":3035.27,"end":3035.83},{"text":"to","start":3036.23,"end":3036.35},{"text":"pursue","start":3036.39,"end":3036.87},{"text":"policies","start":3036.87,"end":3037.43},{"text":"tailored","start":3037.43,"end":3038.03},{"text":"to","start":3038.79,"end":3038.91},{"text":"its","start":3038.91,"end":3039.03},{"text":"national","start":3039.03,"end":3039.51},{"text":"circumstances.","start":3039.51,"end":3040.47}]},{"text":"We must build an open and steady recovery of the world economy, step up macroeconomic policy coordination, and create a peaceful, stable, open, and inclusive environment for international development.","start":3041.39,"end":3055.15,"topics":[],"words":[{"text":"We","start":3041.39,"end":3041.55},{"text":"must","start":3041.55,"end":3041.87},{"text":"build","start":3041.87,"end":3042.35},{"text":"an","start":3042.67,"end":3042.91},{"text":"open","start":3042.91,"end":3043.27},{"text":"and","start":3043.27,"end":3043.47},{"text":"steady","start":3043.47,"end":3043.79},{"text":"recovery","start":3043.79,"end":3044.39},{"text":"of","start":3044.39,"end":3044.47},{"text":"the","start":3044.47,"end":3044.55},{"text":"world","start":3044.55,"end":3044.91},{"text":"economy,","start":3044.91,"end":3045.47},{"text":"step","start":3045.87,"end":3046.27},{"text":"up","start":3046.27,"end":3046.51},{"text":"macroeconomic","start":3046.51,"end":3047.35},{"text":"policy","start":3047.35,"end":3047.79},{"text":"coordination,","start":3047.79,"end":3048.67},{"text":"and","start":3049.07,"end":3049.31},{"text":"create","start":3049.31,"end":3049.87},{"text":"a","start":3049.87,"end":3049.95},{"text":"peaceful,","start":3049.95,"end":3050.51},{"text":"stable,","start":3050.51,"end":3051.03},{"text":"open,","start":3051.03,"end":3051.63},{"text":"and","start":3051.63,"end":3051.87},{"text":"inclusive","start":3051.87,"end":3052.43},{"text":"environment","start":3052.91,"end":3053.63},{"text":"for","start":3053.63,"end":3053.79},{"text":"international","start":3053.79,"end":3054.43},{"text":"development.","start":3054.43,"end":3055.15}]},{"text":"Therefore, we stress the need to address systemic imbalances in the global economy through a more inclusive and development-oriented macroeconomic policy environment as well as national macroeconomic fundamentals.","start":3056.75,"end":3072.07,"topics":[],"words":[{"text":"Therefore,","start":3056.75,"end":3057.31},{"text":"we","start":3057.31,"end":3057.47},{"text":"stress","start":3057.47,"end":3057.87},{"text":"the","start":3057.87,"end":3057.99},{"text":"need","start":3057.99,"end":3058.23},{"text":"to","start":3058.23,"end":3058.55},{"text":"address","start":3058.55,"end":3059.27},{"text":"systemic","start":3059.27,"end":3059.87},{"text":"imbalances","start":3059.87,"end":3060.59},{"text":"in","start":3060.59,"end":3060.67},{"text":"the","start":3060.67,"end":3060.79},{"text":"global","start":3060.79,"end":3061.27},{"text":"economy","start":3061.27,"end":3061.87},{"text":"through","start":3062.19,"end":3062.51},{"text":"a","start":3062.51,"end":3062.59},{"text":"more","start":3062.59,"end":3062.83},{"text":"inclusive","start":3062.83,"end":3063.55},{"text":"and","start":3064.19,"end":3064.39},{"text":"development-oriented","start":3064.39,"end":3065.63},{"text":"macroeconomic","start":3066.03,"end":3066.91},{"text":"policy","start":3066.91,"end":3067.59},{"text":"environment","start":3067.59,"end":3068.27},{"text":"as","start":3068.87,"end":3069.03},{"text":"well","start":3069.03,"end":3069.35},{"text":"as","start":3069.75,"end":3069.99},{"text":"national","start":3069.99,"end":3070.39},{"text":"macroeconomic","start":3070.39,"end":3071.19},{"text":"fundamentals.","start":3071.19,"end":3072.07}]},{"text":"This includes addressing the high cost of capital for developing countries, improving access to international liquidity, and strengthening the rules-based, non-discriminatory, open, fair, inclusive, equitable, and transparent multilateral trading system with the World Trade Organization at its core.","start":3073.11,"end":3094.31,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"This","start":3073.11,"end":3073.35},{"text":"includes","start":3073.35,"end":3073.91},{"text":"addressing","start":3073.91,"end":3074.55},{"text":"the","start":3075.19,"end":3075.27},{"text":"high","start":3075.35,"end":3075.59},{"text":"cost","start":3075.59,"end":3075.95},{"text":"of","start":3075.95,"end":3076.07},{"text":"capital","start":3076.07,"end":3076.63},{"text":"for","start":3076.63,"end":3076.79},{"text":"developing","start":3076.79,"end":3077.27},{"text":"countries,","start":3077.27,"end":3077.83},{"text":"improving","start":3078.07,"end":3078.63},{"text":"access","start":3078.63,"end":3079.03},{"text":"to","start":3079.03,"end":3079.15},{"text":"international","start":3079.15,"end":3079.95},{"text":"liquidity,","start":3079.95,"end":3080.71},{"text":"and","start":3081.75,"end":3081.99},{"text":"strengthening","start":3081.99,"end":3082.71},{"text":"the","start":3082.71,"end":3082.83},{"text":"rules-based,","start":3082.83,"end":3083.67},{"text":"non-discriminatory,","start":3084.15,"end":3085.35},{"text":"open,","start":3085.83,"end":3086.31},{"text":"fair,","start":3086.31,"end":3086.71},{"text":"inclusive,","start":3086.71,"end":3087.43},{"text":"equitable,","start":3087.83,"end":3088.39},{"text":"and","start":3088.39,"end":3088.59},{"text":"transparent","start":3088.59,"end":3089.11},{"text":"multilateral","start":3089.11,"end":3089.83},{"text":"trading","start":3089.83,"end":3090.15},{"text":"system","start":3090.15,"end":3090.71},{"text":"with","start":3091.11,"end":3091.39},{"text":"the","start":3091.39,"end":3091.47},{"text":"World","start":3091.47,"end":3091.75},{"text":"Trade","start":3091.75,"end":3092.03},{"text":"Organization","start":3092.03,"end":3092.83},{"text":"at","start":3092.83,"end":3093.19},{"text":"its","start":3093.31,"end":3093.91},{"text":"core.","start":3093.91,"end":3094.31}]},{"text":"We also support advancing WTO reform so that it can better serve all our economies.","start":3095.47,"end":3103.15,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"We","start":3095.47,"end":3095.63},{"text":"also","start":3095.63,"end":3095.87},{"text":"support","start":3095.87,"end":3096.51},{"text":"advancing","start":3096.67,"end":3097.47},{"text":"WTO","start":3097.55,"end":3098.19},{"text":"reform","start":3098.19,"end":3098.83},{"text":"so","start":3099.07,"end":3099.39},{"text":"that","start":3099.39,"end":3099.79},{"text":"it","start":3099.87,"end":3100.07},{"text":"can","start":3100.07,"end":3100.27},{"text":"better","start":3100.27,"end":3100.99},{"text":"serve","start":3100.99,"end":3101.47},{"text":"all","start":3101.79,"end":3102.27},{"text":"our","start":3102.27,"end":3102.59},{"text":"economies.","start":3102.59,"end":3103.15}]},{"text":"Mr. Chair, the group reaffirms the need to ensure that developing countries have the necessary fiscal space for achieving the SDGs and their national development objectives.","start":3104.19,"end":3116.75,"topics":[],"words":[{"text":"Mr.","start":3104.19,"end":3104.51},{"text":"Chair,","start":3104.51,"end":3104.91},{"text":"the","start":3106.91,"end":3107.07},{"text":"group","start":3107.07,"end":3107.39},{"text":"reaffirms","start":3107.39,"end":3107.95},{"text":"the","start":3107.95,"end":3108.07},{"text":"need","start":3108.07,"end":3108.35},{"text":"to","start":3108.35,"end":3108.51},{"text":"ensure","start":3108.51,"end":3108.99},{"text":"that","start":3108.99,"end":3109.19},{"text":"developing","start":3109.19,"end":3109.67},{"text":"countries","start":3109.67,"end":3110.19},{"text":"have","start":3110.51,"end":3110.75},{"text":"the","start":3110.75,"end":3110.83},{"text":"necessary","start":3110.83,"end":3111.71},{"text":"fiscal","start":3111.71,"end":3112.19},{"text":"space","start":3112.19,"end":3112.67},{"text":"for","start":3112.67,"end":3112.87},{"text":"achieving","start":3112.87,"end":3113.31},{"text":"the","start":3113.31,"end":3113.43},{"text":"SDGs","start":3113.43,"end":3114.11},{"text":"and","start":3114.67,"end":3114.87},{"text":"their","start":3114.87,"end":3114.99},{"text":"national","start":3114.99,"end":3115.43},{"text":"development","start":3115.43,"end":3115.99},{"text":"objectives.","start":3115.99,"end":3116.75}]},{"text":"However, the high debt servicing obligations and borrowing costs continue to constrain fiscal space and their resources.","start":3117.15,"end":3125.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"However,","start":3117.15,"end":3117.79},{"text":"the","start":3118.19,"end":3118.31},{"text":"high","start":3118.31,"end":3118.51},{"text":"debt","start":3118.51,"end":3118.83},{"text":"servicing","start":3118.83,"end":3119.47},{"text":"obligations","start":3119.47,"end":3120.27},{"text":"and","start":3120.63,"end":3120.79},{"text":"borrowing","start":3120.79,"end":3121.15},{"text":"costs","start":3121.15,"end":3121.71},{"text":"continue","start":3121.99,"end":3122.47},{"text":"to","start":3122.47,"end":3122.59},{"text":"constrain","start":3122.59,"end":3123.11},{"text":"fiscal","start":3123.11,"end":3123.51},{"text":"space","start":3123.51,"end":3124.07},{"text":"and","start":3124.07,"end":3124.27},{"text":"their","start":3124.27,"end":3124.59},{"text":"resources.","start":3124.59,"end":3125.27}]},{"text":"The Group, therefore, supports strengthened international cooperation to address debt vulnerabilities and welcomes efforts towards a more effective, predictable and equitable international debt architecture that facilitates concessional and blended finance, de-risk private investment and facilitate access to capital markets on fair terms.","start":3126.15,"end":3148.15,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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the same time, The sovereign right of each country to determine its own national priorities and fiscal strategies must be fully 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group reiterated its condemnation of the imposition of unilateral coercive measures that are contrary to international law, especially in the Global South, which seek to deny its right to development, including the drawing up of false lists of alleged state sponsors of 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Chair, financial inclusion also plays a vital role in unlocking sustainable development.","start":3205.99,"end":3214.67,"topics":[],"words":[{"text":"Mr.","start":3205.99,"end":3206.39},{"text":"Chair,","start":3206.39,"end":3206.79},{"text":"financial","start":3207.51,"end":3208.23},{"text":"inclusion","start":3208.23,"end":3209.11},{"text":"also","start":3209.83,"end":3210.23},{"text":"plays","start":3210.23,"end":3210.79},{"text":"a","start":3210.79,"end":3210.87},{"text":"vital","start":3210.87,"end":3211.27},{"text":"role","start":3211.27,"end":3211.75},{"text":"in","start":3212.39,"end":3212.55},{"text":"unlocking","start":3212.55,"end":3213.27},{"text":"sustainable","start":3213.43,"end":3214.11},{"text":"development.","start":3214.11,"end":3214.67}]},{"text":"The Group emphasizes the need to expand access to affordable finance for micro, small, and medium enterprises, including women and youth-owned 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China","function":null,"affiliation_full":"Uruguay"}},{"statement_number":21,"start":3297.27,"pageUrl":"/en/ga/c2/81/7?t=54:58","paragraphs":[{"sentences":[{"text":"I thank the representative of Uruguay, speaking on behalf of the Group of 77 and 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China.","start":3322.15,"end":3326.71,"topics":[],"words":[{"text":"ASEAN","start":3322.15,"end":3322.47},{"text":"lends","start":3322.47,"end":3322.75},{"text":"itself","start":3322.75,"end":3323.19},{"text":"with","start":3323.19,"end":3323.31},{"text":"the","start":3323.31,"end":3323.39},{"text":"statement","start":3323.39,"end":3323.79},{"text":"delivered","start":3323.79,"end":3324.15},{"text":"on","start":3324.15,"end":3324.31},{"text":"behalf","start":3324.31,"end":3324.51},{"text":"of","start":3324.51,"end":3324.71},{"text":"the","start":3324.71,"end":3324.83},{"text":"Group","start":3324.83,"end":3325.19},{"text":"of","start":3325.19,"end":3325.35},{"text":"77","start":3325.35,"end":3326.11},{"text":"and","start":3326.11,"end":3326.27},{"text":"China.","start":3326.27,"end":3326.71}]},{"text":"Chair, geopolitical tensions, geoeconomic fragmentation, debt vulnerabilities, and volatile capital flows weigh on the development prospects of developing countries.","start":3327.75,"end":3338.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Chair,","start":3327.75,"end":3328.15},{"text":"geopolitical","start":3328.75,"end":3329.31},{"text":"tensions,","start":3329.31,"end":3329.99},{"text":"geoeconomic","start":3330.23,"end":3330.87},{"text":"fragmentation,","start":3330.87,"end":3331.75},{"text":"debt","start":3332.15,"end":3332.43},{"text":"vulnerabilities,","start":3332.43,"end":3333.35},{"text":"and","start":3333.35,"end":3333.51},{"text":"volatile","start":3333.51,"end":3333.91},{"text":"capital","start":3333.91,"end":3334.39},{"text":"flows","start":3334.39,"end":3335.03},{"text":"weigh","start":3335.35,"end":3335.67},{"text":"on","start":3335.67,"end":3335.83},{"text":"the","start":3335.83,"end":3335.95},{"text":"development","start":3335.95,"end":3336.47},{"text":"prospects","start":3336.47,"end":3337.11},{"text":"of","start":3337.11,"end":3337.27},{"text":"developing","start":3337.27,"end":3337.71},{"text":"countries.","start":3337.71,"end":3338.23}]},{"text":"Disruptions affecting maritime, energy, and trade routes have demonstrated how shocks translate into community price volatility, higher logistic costs and disruptions to supply chains.","start":3339.07,"end":3351.07,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Disruptions","start":3339.07,"end":3339.83},{"text":"affecting","start":3339.83,"end":3340.31},{"text":"maritime,","start":3340.31,"end":3341.03},{"text":"energy,","start":3341.19,"end":3341.63},{"text":"and","start":3341.63,"end":3341.75},{"text":"trade","start":3341.75,"end":3341.99},{"text":"routes","start":3341.99,"end":3342.31},{"text":"have","start":3342.31,"end":3342.63},{"text":"demonstrated","start":3342.63,"end":3343.27},{"text":"how","start":3343.95,"end":3344.11},{"text":"shocks","start":3344.11,"end":3344.67},{"text":"translate","start":3344.83,"end":3345.39},{"text":"into","start":3345.39,"end":3345.63},{"text":"community","start":3345.63,"end":3346.11},{"text":"price","start":3346.11,"end":3346.43},{"text":"volatility,","start":3346.43,"end":3347.15},{"text":"higher","start":3348.19,"end":3348.51},{"text":"logistic","start":3348.51,"end":3349.03},{"text":"costs","start":3349.03,"end":3349.31},{"text":"and","start":3349.31,"end":3349.51},{"text":"disruptions","start":3349.51,"end":3350.07},{"text":"to","start":3350.07,"end":3350.19},{"text":"supply","start":3350.19,"end":3350.51},{"text":"chains.","start":3350.51,"end":3351.07}]},{"text":"And we are also concerned by rising unilateralism, protectionist measures and fragmentations in global trade.","start":3352.11,"end":3357.87,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"And","start":3352.11,"end":3352.27},{"text":"we","start":3352.27,"end":3352.39},{"text":"are","start":3352.39,"end":3352.47},{"text":"also","start":3352.47,"end":3352.75},{"text":"concerned","start":3352.75,"end":3353.11},{"text":"by","start":3353.11,"end":3353.23},{"text":"rising","start":3353.23,"end":3353.79},{"text":"unilateralism,","start":3353.79,"end":3354.67},{"text":"protectionist","start":3355.03,"end":3355.71},{"text":"measures","start":3355.71,"end":3356.27},{"text":"and","start":3356.27,"end":3356.39},{"text":"fragmentations","start":3356.39,"end":3357.15},{"text":"in","start":3357.15,"end":3357.35},{"text":"global","start":3357.35,"end":3357.63},{"text":"trade.","start":3357.63,"end":3357.87}]},{"text":"ASEAN underscores the importance of open market, resilient supply chains and a rules-based international economic environment.","start":3358.99,"end":3366.03,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"ASEAN","start":3358.99,"end":3359.31},{"text":"underscores","start":3359.31,"end":3360.03},{"text":"the","start":3360.03,"end":3360.19},{"text":"importance","start":3360.19,"end":3360.67},{"text":"of","start":3360.67,"end":3360.83},{"text":"open","start":3360.83,"end":3361.07},{"text":"market,","start":3361.07,"end":3361.47},{"text":"resilient","start":3361.87,"end":3362.39},{"text":"supply","start":3362.39,"end":3362.67},{"text":"chains","start":3362.67,"end":3363.23},{"text":"and","start":3363.55,"end":3363.75},{"text":"a","start":3363.75,"end":3363.79},{"text":"rules-based","start":3363.79,"end":3364.47},{"text":"international","start":3364.51,"end":3365.07},{"text":"economic","start":3365.07,"end":3365.43},{"text":"environment.","start":3365.43,"end":3366.03}]},{"text":"ASEAN demonstrates resilience.","start":3366.91,"end":3369.15,"topics":[],"words":[{"text":"ASEAN","start":3366.91,"end":3367.47},{"text":"demonstrates","start":3367.63,"end":3368.27},{"text":"resilience.","start":3368.35,"end":3369.15}]},{"text":"ASEAN economy expanded by 4.9% in 2025 and is projected to grow by 4.5% in 2026.","start":3369.63,"end":3379.31,"topics":[],"words":[{"text":"ASEAN","start":3369.63,"end":3369.95},{"text":"economy","start":3369.95,"end":3370.35},{"text":"expanded","start":3370.35,"end":3370.91},{"text":"by","start":3371.07,"end":3371.31},{"text":"4.9%","start":3371.31,"end":3371.71},{"text":"in","start":3371.71,"end":3372.99},{"text":"2025","start":3372.99,"end":3374.11},{"text":"and","start":3374.67,"end":3374.87},{"text":"is","start":3374.87,"end":3374.99},{"text":"projected","start":3374.99,"end":3375.59},{"text":"to","start":3375.59,"end":3375.71},{"text":"grow","start":3375.71,"end":3376.11},{"text":"by","start":3376.11,"end":3376.35},{"text":"4.5%","start":3376.35,"end":3377.75},{"text":"in","start":3377.75,"end":3378.11},{"text":"2026.","start":3378.11,"end":3379.31}]},{"text":"Merchandise trade expanded by 13.7% to US$4.4 trillion, while FDI inflows increased by 10.1% to US$245.7 billion.","start":3380.11,"end":3393.07,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"Merchandise","start":3380.11,"end":3380.67},{"text":"trade","start":3380.67,"end":3380.99},{"text":"expanded","start":3381.07,"end":3381.63},{"text":"by","start":3381.63,"end":3381.79},{"text":"13.7%","start":3381.79,"end":3381.83},{"text":"to","start":3381.83,"end":3383.35},{"text":"US$4.4","start":3383.79,"end":3384.43},{"text":"trillion,","start":3384.43,"end":3385.79},{"text":"while","start":3386.31,"end":3386.59},{"text":"FDI","start":3386.59,"end":3387.07},{"text":"inflows","start":3387.07,"end":3387.55},{"text":"increased","start":3387.55,"end":3388.15},{"text":"by","start":3388.15,"end":3388.31},{"text":"10.1%","start":3388.31,"end":3389.71},{"text":"to","start":3390.27,"end":3391.07},{"text":"US$245.7","start":3391.07,"end":3391.87},{"text":"billion.","start":3392.11,"end":3393.07}]},{"text":"Chair, Under the Philippines' chairship and the theme, \"Navigating our future together,\" ASEAN seeks to strengthen connections towards shared prosperity.","start":3394.11,"end":3404.15,"topics":[],"words":[{"text":"Chair,","start":3394.11,"end":3394.59},{"text":"Under","start":3395.47,"end":3395.71},{"text":"the","start":3395.71,"end":3395.79},{"text":"Philippines'","start":3395.79,"end":3396.39},{"text":"chairship","start":3396.39,"end":3396.87},{"text":"and","start":3397.11,"end":3397.27},{"text":"the","start":3397.27,"end":3397.35},{"text":"theme,","start":3397.35,"end":3397.75},{"text":"\"Navigating","start":3397.75,"end":3398.63},{"text":"our","start":3398.63,"end":3398.87},{"text":"future","start":3398.87,"end":3399.19},{"text":"together,\"","start":3399.19,"end":3399.83},{"text":"ASEAN","start":3400.43,"end":3400.95},{"text":"seeks","start":3400.95,"end":3401.35},{"text":"to","start":3401.59,"end":3401.67},{"text":"strengthen","start":3401.67,"end":3402.11},{"text":"connections","start":3402.11,"end":3402.71},{"text":"towards","start":3402.71,"end":3403.11},{"text":"shared","start":3403.11,"end":3403.39},{"text":"prosperity.","start":3403.43,"end":3404.15}]},{"text":"As 2026 marks the first year of implementation of ASEAN 2045, our shared future, ASEAN highlights three priorities.","start":3405.03,"end":3414.87,"topics":[],"words":[{"text":"As","start":3405.03,"end":3405.19},{"text":"2026","start":3405.19,"end":3406.47},{"text":"marks","start":3406.47,"end":3406.87},{"text":"the","start":3406.87,"end":3407.03},{"text":"first","start":3407.03,"end":3407.35},{"text":"year","start":3407.35,"end":3407.67},{"text":"of","start":3407.67,"end":3407.75},{"text":"implementation","start":3407.75,"end":3408.63},{"text":"of","start":3408.95,"end":3409.19},{"text":"ASEAN","start":3409.19,"end":3409.59},{"text":"2045,","start":3409.59,"end":3410.79},{"text":"our","start":3411.11,"end":3411.35},{"text":"shared","start":3411.35,"end":3411.67},{"text":"future,","start":3411.67,"end":3412.15},{"text":"ASEAN","start":3412.71,"end":3413.11},{"text":"highlights","start":3413.11,"end":3413.75},{"text":"three","start":3413.91,"end":3414.07},{"text":"priorities.","start":3414.07,"end":3414.87}]},{"text":"First, strengthening economic integration and safeguarding open and resilient trade.","start":3415.75,"end":3420.55,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"First,","start":3415.75,"end":3416.03},{"text":"strengthening","start":3416.03,"end":3416.79},{"text":"economic","start":3416.79,"end":3417.23},{"text":"integration","start":3417.23,"end":3417.91},{"text":"and","start":3417.91,"end":3418.11},{"text":"safeguarding","start":3418.11,"end":3418.87},{"text":"open","start":3418.87,"end":3419.51},{"text":"and","start":3419.51,"end":3419.75},{"text":"resilient","start":3419.75,"end":3420.27},{"text":"trade.","start":3420.27,"end":3420.55}]},{"text":"ASEAN remains committed to a rules-based multilateral trading system, with the WTO at its core.","start":3421.55,"end":3428.19,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"ASEAN","start":3428.99,"end":3429.35},{"text":"underscored","start":3429.35,"end":3429.99},{"text":"working","start":3430.03,"end":3430.43},{"text":"together","start":3430.43,"end":3430.91},{"text":"to","start":3430.91,"end":3431.03},{"text":"advance","start":3431.03,"end":3431.63},{"text":"WTO","start":3431.71,"end":3432.27},{"text":"reform.","start":3432.27,"end":3432.83}]},{"text":"ASEAN will strengthen energy security and connectivity, including through the ASEAN Power Grid.","start":3433.71,"end":3439.03,"topics":[],"words":[{"text":"ASEAN","start":3433.71,"end":3434.11},{"text":"will","start":3434.11,"end":3434.27},{"text":"strengthen","start":3434.27,"end":3434.83},{"text":"energy","start":3434.83,"end":3435.23},{"text":"security","start":3435.23,"end":3435.79},{"text":"and","start":3435.79,"end":3435.95},{"text":"connectivity,","start":3435.95,"end":3436.75},{"text":"including","start":3437.15,"end":3437.63},{"text":"through","start":3437.63,"end":3437.87},{"text":"the","start":3437.87,"end":3437.95},{"text":"ASEAN","start":3437.99,"end":3438.43},{"text":"Power","start":3438.43,"end":3438.67},{"text":"Grid.","start":3438.67,"end":3439.03}]},{"text":"ASEAN is working towards the entry into force of the upgraded ATIGA, while leveraging the regional comprehensive economic partnership and promoting MSME participation in global value chains.","start":3439.87,"end":3452.47,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"ODA","start":3617.23,"end":3617.63},{"text":"fell","start":3617.63,"end":3617.95},{"text":"sharply","start":3617.95,"end":3618.51},{"text":"in","start":3618.51,"end":3618.67},{"text":"2025.","start":3618.67,"end":3619.63}]},{"text":"Debt burdens remain elevated, and the cost of capital continues to constrain investment, while geopolitical tensions and fragmentation are diverting resources and attention away from sustainable development.","start":3620.03,"end":3632.03,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Debt","start":3620.03,"end":3620.27},{"text":"burdens","start":3620.27,"end":3620.83},{"text":"remain","start":3620.83,"end":3621.15},{"text":"elevated,","start":3621.15,"end":3621.83},{"text":"and","start":3621.83,"end":3621.95},{"text":"the","start":3621.95,"end":3622.03},{"text":"cost","start":3622.03,"end":3622.35},{"text":"of","start":3622.35,"end":3622.43},{"text":"capital","start":3622.43,"end":3622.83},{"text":"continues","start":3622.83,"end":3623.31},{"text":"to","start":3623.31,"end":3623.47},{"text":"constrain","start":3623.47,"end":3624.11},{"text":"investment,","start":3624.11,"end":3624.67},{"text":"while","start":3624.67,"end":3624.91},{"text":"geopolitical","start":3624.91,"end":3625.63},{"text":"tensions","start":3625.63,"end":3626.43},{"text":"and","start":3626.79,"end":3626.91},{"text":"fragmentation","start":3626.91,"end":3627.71},{"text":"are","start":3627.71,"end":3627.87},{"text":"diverting","start":3627.87,"end":3629.07},{"text":"resources","start":3629.07,"end":3629.71},{"text":"and","start":3629.71,"end":3629.83},{"text":"attention","start":3629.83,"end":3630.35},{"text":"away","start":3630.35,"end":3630.59},{"text":"from","start":3630.59,"end":3630.83},{"text":"sustainable","start":3630.83,"end":3631.35},{"text":"development.","start":3631.35,"end":3632.03}]},{"text":"For SIDS, this macroeconomic Macro-economic trends determine whether we can build resilient infrastructure, respond to climate change, provide essential services, and invest in our people.","start":3632.67,"end":3644.39,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"This","start":3644.95,"end":3645.19},{"text":"is","start":3645.19,"end":3645.35},{"text":"why","start":3645.35,"end":3645.75},{"text":"the","start":3645.75,"end":3645.87},{"text":"unique","start":3645.87,"end":3646.15},{"text":"circumstances","start":3646.15,"end":3646.91},{"text":"of","start":3646.91,"end":3647.03},{"text":"SIDS","start":3647.03,"end":3647.51},{"text":"require","start":3647.51,"end":3647.91},{"text":"special","start":3647.91,"end":3648.35},{"text":"consideration.","start":3648.35,"end":3649.27}]},{"text":"Our structural vulnerabilities do not disappear because national income increases.","start":3649.99,"end":3654.23,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Yet,","start":3662.87,"end":3663.19},{"text":"Chair,","start":3663.19,"end":3663.59},{"text":"income","start":3663.99,"end":3664.39},{"text":"continues","start":3664.39,"end":3665.03},{"text":"to","start":3665.03,"end":3665.19},{"text":"play","start":3665.19,"end":3665.39},{"text":"an","start":3665.39,"end":3665.59},{"text":"outsized","start":3665.59,"end":3666.79},{"text":"role","start":3666.79,"end":3667.11},{"text":"in","start":3667.11,"end":3667.27},{"text":"determining","start":3667.27,"end":3667.99},{"text":"access","start":3668.39,"end":3668.87},{"text":"to","start":3668.87,"end":3669.03},{"text":"concessional","start":3669.03,"end":3669.59},{"text":"resources","start":3669.59,"end":3670.27},{"text":"and","start":3670.27,"end":3670.39},{"text":"international","start":3670.39,"end":3670.95},{"text":"support.","start":3670.95,"end":3671.51}]},{"text":"AOSIS, therefore, renews its call to urgently integrate and operationalize the MVI into the policies and frameworks of international financial institutions and organizations, including in decisions concerning access to concessional finance and international support measures.","start":3671.75,"end":3689.51,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Similarly,","start":3690.39,"end":3690.95},{"text":"graduation","start":3690.95,"end":3691.75},{"text":"from","start":3691.75,"end":3691.91},{"text":"development","start":3691.91,"end":3692.47},{"text":"assistance","start":3692.47,"end":3693.19},{"text":"must","start":3693.19,"end":3693.51},{"text":"reflect","start":3693.51,"end":3693.95},{"text":"readiness","start":3694.07,"end":3694.71},{"text":"and","start":3694.71,"end":3694.87},{"text":"resilience","start":3694.87,"end":3695.59},{"text":"and","start":3695.91,"end":3696.15},{"text":"must","start":3696.15,"end":3696.39},{"text":"never","start":3696.39,"end":3696.79},{"text":"become","start":3696.79,"end":3697.27},{"text":"a","start":3697.39,"end":3697.43},{"text":"financial","start":3697.43,"end":3698.11},{"text":"cliff.","start":3698.11,"end":3698.55}]},{"text":"Such an economic precipice only lends itself to greater uncertainty and greater debt, and the urgency of reform is nowhere clearer than in debt.","start":3699.03,"end":3708.79,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Such","start":3699.03,"end":3699.43},{"text":"an","start":3699.43,"end":3699.51},{"text":"economic","start":3699.51,"end":3700.15},{"text":"precipice","start":3700.63,"end":3701.35},{"text":"only","start":3701.67,"end":3701.99},{"text":"lends","start":3701.99,"end":3702.31},{"text":"itself","start":3702.31,"end":3702.67},{"text":"to","start":3702.67,"end":3702.83},{"text":"greater","start":3702.83,"end":3703.35},{"text":"uncertainty","start":3703.67,"end":3704.39},{"text":"and","start":3704.39,"end":3704.67},{"text":"greater","start":3704.67,"end":3705.03},{"text":"debt,","start":3705.03,"end":3705.43},{"text":"and","start":3705.67,"end":3705.87},{"text":"the","start":3705.87,"end":3705.95},{"text":"urgency","start":3705.95,"end":3706.55},{"text":"of","start":3706.55,"end":3706.67},{"text":"reform","start":3706.67,"end":3707.11},{"text":"is","start":3707.11,"end":3707.35},{"text":"nowhere","start":3707.35,"end":3707.67},{"text":"clearer","start":3707.67,"end":3708.07},{"text":"than","start":3708.07,"end":3708.23},{"text":"in","start":3708.23,"end":3708.39},{"text":"debt.","start":3708.39,"end":3708.79}]},{"text":"For SIDS, scarce public resources continue to flow away from development towards debt service, from debt often incurred following climate disasters not of our own making.","start":3709.27,"end":3719.27,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"For","start":3709.27,"end":3709.51},{"text":"SIDS,","start":3709.51,"end":3709.87},{"text":"scarce","start":3709.87,"end":3710.55},{"text":"public","start":3710.71,"end":3711.11},{"text":"resources","start":3711.11,"end":3711.63},{"text":"continue","start":3711.63,"end":3712.07},{"text":"to","start":3712.07,"end":3712.23},{"text":"flow","start":3712.23,"end":3712.51},{"text":"away","start":3712.51,"end":3712.71},{"text":"from","start":3712.71,"end":3712.95},{"text":"development","start":3712.95,"end":3713.55},{"text":"towards","start":3713.55,"end":3713.91},{"text":"debt","start":3713.91,"end":3714.15},{"text":"service,","start":3714.15,"end":3714.79},{"text":"from","start":3715.11,"end":3715.35},{"text":"debt","start":3715.35,"end":3715.67},{"text":"often","start":3715.75,"end":3716.23},{"text":"incurred","start":3716.23,"end":3716.71},{"text":"following","start":3716.71,"end":3717.11},{"text":"climate","start":3717.11,"end":3717.43},{"text":"disasters","start":3717.43,"end":3718.07},{"text":"not","start":3718.07,"end":3718.35},{"text":"of","start":3718.35,"end":3718.47},{"text":"our","start":3718.47,"end":3718.67},{"text":"own","start":3718.67,"end":3718.79},{"text":"making.","start":3718.79,"end":3719.27}]},{"text":"In this regard, AOSIS reiterates our call for reform of the G20 common framework, including expanding its accessibility to SIDS irrespective of income classification and for the full operationalization of the SIDS Debt Sustainability Support Service.","start":3719.79,"end":3734.91,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"In","start":3719.79,"end":3719.95},{"text":"this","start":3719.95,"end":3720.19},{"text":"regard,","start":3720.19,"end":3720.63},{"text":"AOSIS","start":3720.63,"end":3721.39},{"text":"reiterates","start":3721.39,"end":3721.75},{"text":"our","start":3721.75,"end":3721.87},{"text":"call","start":3721.87,"end":3722.11},{"text":"for","start":3722.11,"end":3722.35},{"text":"reform","start":3722.35,"end":3722.79},{"text":"of","start":3722.79,"end":3722.91},{"text":"the","start":3722.91,"end":3722.99},{"text":"G20","start":3722.99,"end":3723.55},{"text":"common","start":3723.55,"end":3723.87},{"text":"framework,","start":3723.87,"end":3724.43},{"text":"including","start":3724.75,"end":3725.31},{"text":"expanding","start":3725.31,"end":3726.03},{"text":"its","start":3726.03,"end":3726.27},{"text":"accessibility","start":3726.27,"end":3727.07},{"text":"to","start":3727.07,"end":3727.23},{"text":"SIDS","start":3727.23,"end":3727.63},{"text":"irrespective","start":3727.63,"end":3728.43},{"text":"of","start":3728.43,"end":3728.51},{"text":"income","start":3728.51,"end":3728.91},{"text":"classification","start":3728.91,"end":3729.95},{"text":"and","start":3730.27,"end":3730.43},{"text":"for","start":3730.43,"end":3730.59},{"text":"the","start":3730.59,"end":3730.75},{"text":"full","start":3730.75,"end":3731.07},{"text":"operationalization","start":3731.07,"end":3732.23},{"text":"of","start":3732.23,"end":3732.35},{"text":"the","start":3732.35,"end":3732.43},{"text":"SIDS","start":3732.43,"end":3732.83},{"text":"Debt","start":3732.83,"end":3733.11},{"text":"Sustainability","start":3733.11,"end":3733.87},{"text":"Support","start":3733.87,"end":3734.35},{"text":"Service.","start":3734.35,"end":3734.91}]},{"text":"We also look forward to meaningful progress to the United Nations intergovernmental process on sovereign debt.","start":3735.39,"end":3740.91,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Caribbean countries, small domestic markets, narrow production and export bases, and the dependence on external trade leave limited room to absorb shocks.","start":4113.03,"end":4123.43,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"productivity-investment","label":"productivity-investment","description":""}],"words":[{"text":"For","start":4113.03,"end":4113.19},{"text":"Caribbean","start":4113.19,"end":4113.67},{"text":"countries,","start":4113.67,"end":4114.23},{"text":"small","start":4114.39,"end":4114.87},{"text":"domestic","start":4114.87,"end":4115.27},{"text":"markets,","start":4115.27,"end":4115.83},{"text":"narrow","start":4115.99,"end":4116.31},{"text":"production","start":4116.31,"end":4117.03},{"text":"and","start":4117.03,"end":4117.19},{"text":"export","start":4117.19,"end":4117.59},{"text":"bases,","start":4117.59,"end":4118.15},{"text":"and","start":4118.71,"end":4118.83},{"text":"the","start":4118.83,"end":4118.91},{"text":"dependence","start":4118.91,"end":4119.67},{"text":"on","start":4119.67,"end":4119.83},{"text":"external","start":4119.87,"end":4120.31},{"text":"trade","start":4120.31,"end":4120.87},{"text":"leave","start":4120.95,"end":4121.27},{"text":"limited","start":4121.27,"end":4121.67},{"text":"room","start":4121.67,"end":4122.15},{"text":"to","start":4122.31,"end":4122.43},{"text":"absorb","start":4122.47,"end":4122.95},{"text":"shocks.","start":4122.95,"end":4123.43}]},{"text":"Intensifying climate-related disasters often result in losses far beyond our fiscal capacity, while disruptions to tourism, supply chains, and food and energy imports rapidly erode revenues and raise costs.","start":4124.07,"end":4138.31,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Intensifying","start":4124.07,"end":4125.11},{"text":"climate-related","start":4125.27,"end":4126.11},{"text":"disasters","start":4126.11,"end":4126.87},{"text":"often","start":4126.87,"end":4127.35},{"text":"result","start":4127.35,"end":4127.75},{"text":"in","start":4127.75,"end":4127.91},{"text":"losses","start":4127.91,"end":4128.47},{"text":"far","start":4128.47,"end":4128.87},{"text":"beyond","start":4128.87,"end":4129.35},{"text":"our","start":4129.35,"end":4129.51},{"text":"fiscal","start":4129.51,"end":4129.91},{"text":"capacity,","start":4129.91,"end":4130.55},{"text":"while","start":4131.07,"end":4131.31},{"text":"disruptions","start":4131.31,"end":4131.91},{"text":"to","start":4131.91,"end":4131.99},{"text":"tourism,","start":4131.99,"end":4132.63},{"text":"supply","start":4132.87,"end":4133.35},{"text":"chains,","start":4133.35,"end":4133.83},{"text":"and","start":4133.99,"end":4134.23},{"text":"food","start":4134.23,"end":4134.51},{"text":"and","start":4134.51,"end":4134.71},{"text":"energy","start":4134.71,"end":4135.07},{"text":"imports","start":4135.07,"end":4135.59},{"text":"rapidly","start":4135.59,"end":4136.11},{"text":"erode","start":4136.11,"end":4136.55},{"text":"revenues","start":4136.55,"end":4137.27},{"text":"and","start":4137.27,"end":4137.43},{"text":"raise","start":4137.43,"end":4137.75},{"text":"costs.","start":4137.75,"end":4138.31}]},{"text":"These pressures lead to increased borrowing, which perpetuate a cycle of debt and significantly constrains our fiscal space to invest in sustainable development.","start":4139.07,"end":4148.03,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"These","start":4139.07,"end":4139.27},{"text":"pressures","start":4139.27,"end":4139.63},{"text":"lead","start":4139.63,"end":4139.79},{"text":"to","start":4139.79,"end":4139.95},{"text":"increased","start":4139.95,"end":4140.43},{"text":"borrowing,","start":4140.43,"end":4141.07},{"text":"which","start":4141.19,"end":4141.47},{"text":"perpetuate","start":4141.47,"end":4142.19},{"text":"a","start":4142.19,"end":4142.23},{"text":"cycle","start":4142.23,"end":4142.67},{"text":"of","start":4142.67,"end":4142.83},{"text":"debt","start":4142.83,"end":4143.15},{"text":"and","start":4143.39,"end":4143.55},{"text":"significantly","start":4143.55,"end":4144.23},{"text":"constrains","start":4144.23,"end":4144.83},{"text":"our","start":4144.83,"end":4144.95},{"text":"fiscal","start":4144.99,"end":4145.47},{"text":"space","start":4145.47,"end":4145.95},{"text":"to","start":4146.19,"end":4146.35},{"text":"invest","start":4146.35,"end":4146.75},{"text":"in","start":4146.75,"end":4146.91},{"text":"sustainable","start":4146.91,"end":4147.43},{"text":"development.","start":4147.43,"end":4148.03}]},{"text":"For CARICOM, the full and timely implementation of the Seville commitment to address the financing constraints that perpetuate this cycle remains critical.","start":4148.03,"end":4158.27,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Its","start":4159.55,"end":4159.71},{"text":"commitments","start":4159.71,"end":4160.27},{"text":"on","start":4160.27,"end":4160.35},{"text":"debt","start":4160.35,"end":4160.59},{"text":"sustainability,","start":4160.59,"end":4161.39},{"text":"more","start":4161.55,"end":4161.87},{"text":"accessible","start":4161.87,"end":4162.35},{"text":"development","start":4162.35,"end":4162.91},{"text":"finance,","start":4162.91,"end":4163.39},{"text":"and","start":4163.71,"end":4163.87},{"text":"investment","start":4163.87,"end":4164.51},{"text":"in","start":4164.51,"end":4164.63},{"text":"resilience","start":4164.63,"end":4165.39},{"text":"are","start":4165.71,"end":4165.87},{"text":"directly","start":4165.87,"end":4166.47},{"text":"relevant","start":4166.47,"end":4167.43},{"text":"to","start":4167.43,"end":4167.71},{"text":"our","start":4167.71,"end":4167.79},{"text":"ability","start":4167.79,"end":4168.35},{"text":"to","start":4168.35,"end":4168.47},{"text":"protect","start":4168.47,"end":4168.99},{"text":"public","start":4169.07,"end":4169.43},{"text":"services","start":4169.43,"end":4170.11},{"text":"and","start":4170.27,"end":4170.59},{"text":"finance","start":4170.59,"end":4171.07},{"text":"long-term","start":4171.07,"end":4171.59},{"text":"development.","start":4171.59,"end":4172.27}]},{"text":"An inclusive, fair, transparent, efficient, equitable, and effective international tax system also remains essential to mobilizing resources for sustainable development.","start":4173.03,"end":4184.83,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"An","start":4173.03,"end":4173.15},{"text":"inclusive,","start":4173.15,"end":4173.87},{"text":"fair,","start":4173.95,"end":4174.51},{"text":"transparent,","start":4174.59,"end":4175.47},{"text":"efficient,","start":4175.55,"end":4176.19},{"text":"equitable,","start":4176.27,"end":4176.99},{"text":"and","start":4176.99,"end":4177.23},{"text":"effective","start":4177.23,"end":4178.03},{"text":"international","start":4178.19,"end":4178.83},{"text":"tax","start":4178.83,"end":4179.11},{"text":"system","start":4179.11,"end":4179.63},{"text":"also","start":4180.03,"end":4180.43},{"text":"remains","start":4180.43,"end":4180.91},{"text":"essential","start":4180.91,"end":4181.63},{"text":"to","start":4181.87,"end":4182.03},{"text":"mobilizing","start":4182.03,"end":4182.83},{"text":"resources","start":4182.83,"end":4183.39},{"text":"for","start":4183.39,"end":4183.71},{"text":"sustainable","start":4183.71,"end":4184.23},{"text":"development.","start":4184.23,"end":4184.83}]},{"text":"Negotiations on a United Nations framework convention on international tax cooperation provides an opportunity to advance such a system, complementing implementation of the Seville commitment.","start":4185.75,"end":4197.11,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Negotiations","start":4185.75,"end":4186.55},{"text":"on","start":4186.55,"end":4186.71},{"text":"a","start":4186.71,"end":4186.75},{"text":"United","start":4186.75,"end":4187.19},{"text":"Nations","start":4187.19,"end":4187.59},{"text":"framework","start":4187.59,"end":4188.03},{"text":"convention","start":4188.03,"end":4188.55},{"text":"on","start":4188.55,"end":4188.71},{"text":"international","start":4188.71,"end":4189.27},{"text":"tax","start":4189.27,"end":4189.59},{"text":"cooperation","start":4189.59,"end":4190.31},{"text":"provides","start":4190.63,"end":4191.03},{"text":"an","start":4191.03,"end":4191.15},{"text":"opportunity","start":4191.15,"end":4191.91},{"text":"to","start":4192.15,"end":4192.27},{"text":"advance","start":4192.31,"end":4192.99},{"text":"such","start":4192.99,"end":4193.15},{"text":"a","start":4193.15,"end":4193.19},{"text":"system,","start":4193.19,"end":4193.67},{"text":"complementing","start":4193.99,"end":4194.79},{"text":"implementation","start":4194.79,"end":4195.75},{"text":"of","start":4195.75,"end":4195.99},{"text":"the","start":4195.99,"end":4196.11},{"text":"Seville","start":4196.11,"end":4196.47},{"text":"commitment.","start":4196.47,"end":4197.11}]},{"text":"The inertia of the international financial architecture reform demands urgent attention.","start":4198.47,"end":4203.59,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"The","start":4198.47,"end":4198.59},{"text":"inertia","start":4198.59,"end":4199.07},{"text":"of","start":4199.07,"end":4199.27},{"text":"the","start":4199.27,"end":4199.35},{"text":"international","start":4199.35,"end":4199.83},{"text":"financial","start":4199.83,"end":4200.31},{"text":"architecture","start":4200.31,"end":4200.99},{"text":"reform","start":4200.99,"end":4201.59},{"text":"demands","start":4201.91,"end":4202.55},{"text":"urgent","start":4202.63,"end":4202.99},{"text":"attention.","start":4202.99,"end":4203.59}]},{"text":"CARICOM maintains that strengthened participation of developing countries in international economic decision making, norm setting, and global economic governance remains critical in ensuring that the system is able to deliver.","start":4203.63,"end":4218.35,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"CARICOM","start":4203.63,"end":4204.75},{"text":"maintains","start":4204.75,"end":4205.39},{"text":"that","start":4205.39,"end":4205.59},{"text":"strengthened","start":4205.59,"end":4206.15},{"text":"participation","start":4206.15,"end":4207.11},{"text":"of","start":4207.11,"end":4207.27},{"text":"developing","start":4207.27,"end":4207.75},{"text":"countries","start":4207.75,"end":4208.39},{"text":"in","start":4208.63,"end":4208.95},{"text":"international","start":4208.95,"end":4209.59},{"text":"economic","start":4209.59,"end":4210.07},{"text":"decision","start":4210.07,"end":4210.47},{"text":"making,","start":4210.47,"end":4210.95},{"text":"norm","start":4211.19,"end":4211.55},{"text":"setting,","start":4211.55,"end":4212.07},{"text":"and","start":4212.31,"end":4212.55},{"text":"global","start":4212.55,"end":4212.95},{"text":"economic","start":4212.95,"end":4213.43},{"text":"governance","start":4213.43,"end":4214.07},{"text":"remains","start":4214.43,"end":4214.83},{"text":"critical","start":4214.83,"end":4215.47},{"text":"in","start":4215.47,"end":4215.63},{"text":"ensuring","start":4215.63,"end":4216.27},{"text":"that","start":4216.27,"end":4216.43},{"text":"the","start":4216.43,"end":4216.55},{"text":"system","start":4216.55,"end":4216.99},{"text":"is","start":4216.99,"end":4217.23},{"text":"able","start":4217.31,"end":4217.63},{"text":"to","start":4217.63,"end":4217.91},{"text":"deliver.","start":4217.91,"end":4218.35}]},{"text":"CARICOM reiterates its call for affordable, predictable financing, including dedicated concessional windows for small island developing states and simpler access to development and climate finance.","start":4218.87,"end":4231.39,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"CARICOM","start":4218.87,"end":4219.91},{"text":"reiterates","start":4219.91,"end":4220.51},{"text":"its","start":4220.51,"end":4220.67},{"text":"call","start":4220.67,"end":4221.15},{"text":"for","start":4221.23,"end":4221.55},{"text":"affordable,","start":4221.55,"end":4222.35},{"text":"predictable","start":4222.47,"end":4223.07},{"text":"financing,","start":4223.07,"end":4223.71},{"text":"including","start":4223.95,"end":4224.47},{"text":"dedicated","start":4224.47,"end":4225.07},{"text":"concessional","start":4225.07,"end":4225.71},{"text":"windows","start":4225.71,"end":4226.27},{"text":"for","start":4226.43,"end":4226.59},{"text":"small","start":4226.59,"end":4226.91},{"text":"island","start":4226.91,"end":4227.19},{"text":"developing","start":4227.19,"end":4227.63},{"text":"states","start":4227.63,"end":4228.03},{"text":"and","start":4228.43,"end":4228.59},{"text":"simpler","start":4228.59,"end":4229.15},{"text":"access","start":4229.15,"end":4229.55},{"text":"to","start":4229.55,"end":4229.67},{"text":"development","start":4229.67,"end":4230.27},{"text":"and","start":4230.27,"end":4230.43},{"text":"climate","start":4230.43,"end":4230.91},{"text":"finance.","start":4230.91,"end":4231.39}]},{"text":"We are concerned by the sharp decline in ODA and call upon our development partners to honor their commitments.","start":4232.03,"end":4238.91,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Chair,","start":4240.43,"end":4240.83},{"text":"the","start":4241.15,"end":4241.27},{"text":"international","start":4241.27,"end":4241.79},{"text":"financial","start":4241.79,"end":4242.19},{"text":"system's","start":4242.19,"end":4242.67},{"text":"reliance","start":4242.67,"end":4243.39},{"text":"on","start":4243.39,"end":4243.55},{"text":"income-based","start":4243.55,"end":4244.27},{"text":"metrics","start":4244.27,"end":4244.83},{"text":"as","start":4244.91,"end":4245.07},{"text":"a","start":4245.07,"end":4245.11},{"text":"measure","start":4245.11,"end":4245.43},{"text":"of","start":4245.43,"end":4245.55},{"text":"development","start":4245.55,"end":4246.19},{"text":"continue","start":4246.27,"end":4246.75},{"text":"to","start":4246.75,"end":4246.91},{"text":"disadvantage","start":4246.91,"end":4247.71},{"text":"SIDS.","start":4247.71,"end":4248.19}]},{"text":"Many are classified as middle and high income countries, but such classifications overlook our vulnerabilities and exclude us from concessional support precisely when it is most needed.","start":4249.23,"end":4260.19,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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services, productive business, and decent employment.","start":4396.15,"end":4403.35,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Debt","start":4529.51,"end":4529.75},{"text":"sustainability","start":4529.75,"end":4530.63},{"text":"assessments","start":4530.63,"end":4531.27},{"text":"must","start":4531.27,"end":4531.59},{"text":"account","start":4531.59,"end":4532.11},{"text":"for","start":4532.11,"end":4532.31},{"text":"development","start":4532.31,"end":4532.95},{"text":"needs,","start":4532.95,"end":4533.51},{"text":"climate","start":4533.67,"end":4534.15},{"text":"vulnerabilities,","start":4534.15,"end":4535.03},{"text":"and","start":4535.03,"end":4535.19},{"text":"the","start":4535.19,"end":4535.27},{"text":"long-term","start":4535.27,"end":4535.83},{"text":"benefits","start":4535.83,"end":4536.47},{"text":"of","start":4536.63,"end":4536.79},{"text":"investment","start":4536.79,"end":4537.35},{"text":"in","start":4537.35,"end":4537.51},{"text":"people","start":4537.51,"end":4537.99},{"text":"and","start":4537.99,"end":4538.19},{"text":"productive","start":4538.19,"end":4538.95},{"text":"capacities.","start":4538.95,"end":4539.75}]},{"text":"As we highlighted during the general debate, the priority must be the full, timely, and current implementation of the SIVIA commitment, translating these commitments into concrete actions and measurable results at country level.","start":4540.63,"end":4554.15,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Chair.","start":4692.75,"end":4698.31,"topics":[],"words":[{"text":"It's","start":4692.75,"end":4692.99},{"text":"an","start":4692.99,"end":4693.07},{"text":"honour","start":4693.07,"end":4693.23},{"text":"for","start":4693.23,"end":4693.35},{"text":"me","start":4693.35,"end":4693.47},{"text":"to","start":4693.47,"end":4693.63},{"text":"present","start":4693.99,"end":4694.31},{"text":"this","start":4694.31,"end":4694.51},{"text":"statement","start":4694.51,"end":4695.11},{"text":"on","start":4695.11,"end":4695.19},{"text":"behalf","start":4695.19,"end":4695.75},{"text":"of","start":4695.83,"end":4696.07},{"text":"the","start":4696.07,"end":4696.23},{"text":"Gulf","start":4696.23,"end":4696.55},{"text":"Cooperation","start":4696.55,"end":4696.95},{"text":"Council,","start":4696.95,"end":4697.43},{"text":"Mr.","start":4697.75,"end":4698.03},{"text":"Chair.","start":4698.03,"end":4698.31}]},{"text":"Our discussions on the international economic system are being held at a time when that 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efforts.","start":4943.79,"end":4957.83,"topics":[],"words":[{"text":"The","start":4943.79,"end":4943.99},{"text":"states","start":4944.55,"end":4944.75},{"text":"members","start":4944.75,"end":4945.15},{"text":"of","start":4945.15,"end":4945.23},{"text":"the","start":4945.23,"end":4945.39},{"text":"Gulf","start":4945.39,"end":4945.59},{"text":"Cooperation","start":4945.59,"end":4946.11},{"text":"Council","start":4946.11,"end":4946.75},{"text":"will","start":4947.07,"end":4947.63},{"text":"play","start":4948.83,"end":4949.47},{"text":"a","start":4949.47,"end":4949.51},{"text":"pioneering","start":4949.51,"end":4950.03},{"text":"role","start":4950.03,"end":4950.43},{"text":"in","start":4950.43,"end":4950.59},{"text":"contributing","start":4950.59,"end":4951.39},{"text":"responsibly","start":4951.79,"end":4952.75},{"text":"to","start":4952.75,"end":4952.87},{"text":"supporting","start":4952.87,"end":4953.47},{"text":"the","start":4953.51,"end":4953.59},{"text":"international","start":4953.59,"end":4954.07},{"text":"economy,","start":4954.07,"end":4954.51},{"text":"enhancing","start":4954.51,"end":4954.95},{"text":"international","start":4954.95,"end":4955.43},{"text":"competition,","start":4955.43,"end":4955.95},{"text":"and","start":4956.19,"end":4956.35},{"text":"supporting","start":4956.35,"end":4956.71},{"text":"sustainable","start":4956.71,"end":4957.11},{"text":"development","start":4957.11,"end":4957.59},{"text":"efforts.","start":4957.59,"end":4957.83}]},{"text":"Thank you very much.","start":4957.83,"end":4958.43,"topics":[],"words":[{"text":"Thank","start":4957.83,"end":4957.99},{"text":"you","start":4957.99,"end":4958.07},{"text":"very","start":4958.07,"end":4958.23},{"text":"much.","start":4958.23,"end":4958.43}]}]}],"speaker":{"affiliation":"BHR","group":"GCC","function":null,"affiliation_full":"Bahrain"}},{"statement_number":33,"start":4960.27,"pageUrl":"/en/ga/c2/81/7?t=1:22:41","paragraphs":[{"sentences":[{"text":"I thank the representative of Bahrain speaking on behalf of the Gulf Cooperation 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countries.","start":4965.23,"end":4971.43,"topics":[],"words":[{"text":"I","start":4965.23,"end":4965.39},{"text":"now","start":4965.39,"end":4965.55},{"text":"give","start":4965.55,"end":4965.71},{"text":"the","start":4965.71,"end":4965.87},{"text":"floor","start":4965.87,"end":4966.11},{"text":"to","start":4966.11,"end":4966.19},{"text":"the","start":4966.19,"end":4966.31},{"text":"distinguished","start":4966.31,"end":4966.75},{"text":"representative","start":4966.75,"end":4967.39},{"text":"of","start":4967.47,"end":4967.87},{"text":"Gambia,","start":4968.15,"end":4968.79},{"text":"speaking","start":4968.79,"end":4969.27},{"text":"on","start":4969.27,"end":4969.35},{"text":"behalf","start":4969.35,"end":4969.75},{"text":"of","start":4969.75,"end":4969.83},{"text":"the","start":4969.83,"end":4969.99},{"text":"least","start":4969.99,"end":4970.39},{"text":"developed","start":4970.39,"end":4970.71},{"text":"countries.","start":4970.71,"end":4971.43}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":34,"start":4974.35,"pageUrl":"/en/ga/c2/81/7?t=1:22:55","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":4974.35,"end":4975.11,"topics":[],"words":[{"text":"Thank","start":4974.35,"end":4974.59},{"text":"you,","start":4974.59,"end":4974.67},{"text":"Chair.","start":4974.79,"end":4975.11}]},{"text":"I have the honor to deliver this statement on behalf of the group of least developed countries.","start":4975.75,"end":4979.67,"topics":[],"words":[{"text":"I","start":4975.75,"end":4975.83},{"text":"have","start":4975.83,"end":4976.07},{"text":"the","start":4976.07,"end":4976.15},{"text":"honor","start":4976.15,"end":4976.39},{"text":"to","start":4976.39,"end":4976.51},{"text":"deliver","start":4976.51,"end":4976.91},{"text":"this","start":4976.91,"end":4977.07},{"text":"statement","start":4977.07,"end":4977.55},{"text":"on","start":4977.55,"end":4977.67},{"text":"behalf","start":4977.67,"end":4977.99},{"text":"of","start":4977.99,"end":4978.07},{"text":"the","start":4978.07,"end":4978.23},{"text":"group","start":4978.23,"end":4978.43},{"text":"of","start":4978.43,"end":4978.55},{"text":"least","start":4978.55,"end":4978.75},{"text":"developed","start":4978.75,"end":4979.11},{"text":"countries.","start":4979.11,"end":4979.67}]},{"text":"The group aligns itself with the statement delivered by Uruguay on behalf of the Group 77 and China.","start":4980.07,"end":4984.87,"topics":[],"words":[{"text":"The","start":4980.07,"end":4980.23},{"text":"group","start":4980.23,"end":4980.47},{"text":"aligns","start":4980.47,"end":4980.83},{"text":"itself","start":4980.83,"end":4981.15},{"text":"with","start":4981.15,"end":4981.31},{"text":"the","start":4981.31,"end":4981.39},{"text":"statement","start":4981.39,"end":4981.79},{"text":"delivered","start":4981.79,"end":4982.15},{"text":"by","start":4982.15,"end":4982.31},{"text":"Uruguay","start":4982.31,"end":4982.79},{"text":"on","start":4982.79,"end":4982.95},{"text":"behalf","start":4982.95,"end":4983.27},{"text":"of","start":4983.27,"end":4983.35},{"text":"the","start":4983.35,"end":4983.51},{"text":"Group","start":4983.51,"end":4983.75},{"text":"77","start":4983.75,"end":4984.31},{"text":"and","start":4984.31,"end":4984.43},{"text":"China.","start":4984.43,"end":4984.87}]},{"text":"Chair, the LDC group underscores that international action and macroeconomic policy and development financing must enable our countries to translate national development efforts into lasting gains.","start":4985.43,"end":4996.47,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"LDC","start":4996.87,"end":4997.43},{"text":"needs","start":4997.43,"end":4997.71},{"text":"an","start":4997.71,"end":4997.91},{"text":"international","start":4997.91,"end":4998.55},{"text":"financial","start":4998.55,"end":4999.03},{"text":"trading","start":4999.03,"end":4999.39},{"text":"system","start":4999.39,"end":4999.83},{"text":"that","start":4999.83,"end":4999.99},{"text":"enables","start":4999.99,"end":5000.47},{"text":"them","start":5000.47,"end":5000.71},{"text":"to","start":5001.03,"end":5001.23},{"text":"overcome","start":5001.23,"end":5001.59},{"text":"structural","start":5001.59,"end":5002.03},{"text":"constraints,","start":5002.03,"end":5002.79},{"text":"withstand","start":5003.03,"end":5003.55},{"text":"shocks,","start":5003.55,"end":5003.91},{"text":"and","start":5003.91,"end":5004.07},{"text":"pursue","start":5004.07,"end":5004.39},{"text":"economic","start":5004.39,"end":5004.83},{"text":"transformation.","start":5004.83,"end":5005.59}]},{"text":"The civil commitments provide the impetus for the reforms needed to expand access to financing and increase fiscal space.","start":5005.99,"end":5013.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"In","start":5037.11,"end":5037.27},{"text":"this","start":5037.27,"end":5037.43},{"text":"connection,","start":5037.43,"end":5038.07},{"text":"we","start":5038.07,"end":5038.31},{"text":"welcome","start":5038.31,"end":5038.71},{"text":"the","start":5038.71,"end":5038.83},{"text":"launch","start":5038.83,"end":5039.11},{"text":"of","start":5039.11,"end":5039.27},{"text":"the","start":5039.27,"end":5039.43},{"text":"Borrowers","start":5039.43,"end":5039.91},{"text":"Platform","start":5039.91,"end":5040.47},{"text":"and","start":5040.55,"end":5040.75},{"text":"the","start":5040.75,"end":5040.83},{"text":"consensus","start":5040.83,"end":5041.51},{"text":"outcome","start":5041.51,"end":5041.99},{"text":"at","start":5042.15,"end":5042.35},{"text":"this","start":5042.35,"end":5042.63},{"text":"year's","start":5042.63,"end":5042.95},{"text":"Financing","start":5042.95,"end":5043.59},{"text":"for","start":5043.59,"end":5043.71},{"text":"Development","start":5043.71,"end":5044.27},{"text":"Forum.","start":5044.27,"end":5044.71}]},{"text":"Chair, allow me to highlight four priorities.","start":5045.19,"end":5047.27,"topics":[],"words":[{"text":"Chair,","start":5045.19,"end":5045.51},{"text":"allow","start":5045.51,"end":5045.71},{"text":"me","start":5045.71,"end":5045.91},{"text":"to","start":5045.91,"end":5045.99},{"text":"highlight","start":5045.99,"end":5046.39},{"text":"four","start":5046.39,"end":5046.55},{"text":"priorities.","start":5046.55,"end":5047.27}]},{"text":"First, we call for the protection and urgent restoration of development cooperation.","start":5047.51,"end":5051.91,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"First,","start":5047.51,"end":5047.83},{"text":"we","start":5047.83,"end":5047.99},{"text":"call","start":5047.99,"end":5048.23},{"text":"for","start":5048.23,"end":5048.47},{"text":"the","start":5048.47,"end":5048.63},{"text":"protection","start":5048.63,"end":5049.35},{"text":"and","start":5049.35,"end":5049.47},{"text":"urgent","start":5049.47,"end":5049.87},{"text":"restoration","start":5049.99,"end":5050.59},{"text":"of","start":5050.59,"end":5050.71},{"text":"development","start":5050.71,"end":5051.23},{"text":"cooperation.","start":5051.23,"end":5051.91}]},{"text":"Preliminary OECD data shows that bilateral ODA from DAC countries to LDCs fell by 25.8% in 2025.","start":5052.15,"end":5062.71,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Preliminary","start":5052.15,"end":5052.79},{"text":"OECD","start":5052.79,"end":5053.75},{"text":"data","start":5053.75,"end":5054.15},{"text":"shows","start":5054.23,"end":5054.63},{"text":"that","start":5054.63,"end":5054.79},{"text":"bilateral","start":5055.03,"end":5055.83},{"text":"ODA","start":5056.15,"end":5056.47},{"text":"from","start":5056.79,"end":5057.11},{"text":"DAC","start":5057.35,"end":5057.51},{"text":"countries","start":5057.91,"end":5058.55},{"text":"to","start":5058.55,"end":5058.71},{"text":"LDCs","start":5058.71,"end":5059.35},{"text":"fell","start":5059.35,"end":5059.67},{"text":"by","start":5059.67,"end":5059.99},{"text":"25.8%","start":5060.15,"end":5060.19},{"text":"in","start":5060.19,"end":5061.51},{"text":"2025.","start":5061.79,"end":5062.71}]},{"text":"Development countries must reverse these cuts, fulfill their ODA commitments to LDCs, and provide predictable multi-year financing in accordance with national priorities.","start":5063.03,"end":5072.07,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"We","start":5072.47,"end":5072.71},{"text":"reiterate","start":5072.71,"end":5073.43},{"text":"our","start":5073.67,"end":5073.75},{"text":"call","start":5073.83,"end":5074.15},{"text":"for","start":5074.15,"end":5074.31},{"text":"multilateral,","start":5074.31,"end":5075.07},{"text":"development","start":5075.15,"end":5075.59},{"text":"banks","start":5075.59,"end":5075.91},{"text":"to","start":5075.91,"end":5076.03},{"text":"advance","start":5076.03,"end":5076.51},{"text":"civil","start":5076.51,"end":5076.95},{"text":"ambition","start":5077.27,"end":5077.75},{"text":"to","start":5077.75,"end":5077.91},{"text":"potential","start":5077.91,"end":5078.47},{"text":"triple","start":5078.47,"end":5079.03},{"text":"lending","start":5079.27,"end":5079.75},{"text":"capacity.","start":5079.75,"end":5080.47}]},{"text":"This must deliver more grants and highly concessional resources for LDCs.","start":5080.79,"end":5085.51,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Secondly,","start":5094.87,"end":5095.59},{"text":"debt","start":5095.83,"end":5096.87},{"text":"and","start":5097.03,"end":5097.19},{"text":"crisis","start":5097.19,"end":5097.67},{"text":"response","start":5097.67,"end":5098.11},{"text":"mechanism","start":5098.11,"end":5098.79},{"text":"must","start":5098.79,"end":5099.19},{"text":"preserve","start":5099.35,"end":5099.91},{"text":"fiscal","start":5100.23,"end":5100.63},{"text":"space","start":5100.63,"end":5101.03},{"text":"before","start":5101.03,"end":5101.43},{"text":"development","start":5101.43,"end":5101.99},{"text":"gains","start":5101.99,"end":5102.31},{"text":"are","start":5102.31,"end":5102.39},{"text":"lost.","start":5102.39,"end":5102.79}]},{"text":"LDCs now devote around 18% of both export earnings and government revenue to external debt service.","start":5103.11,"end":5110.07,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"LDCs","start":5103.11,"end":5103.67},{"text":"now","start":5103.67,"end":5103.83},{"text":"devote","start":5103.83,"end":5105.27},{"text":"around","start":5105.27,"end":5105.83},{"text":"18%","start":5105.83,"end":5105.87},{"text":"of","start":5105.87,"end":5106.07},{"text":"both","start":5106.07,"end":5106.35},{"text":"export","start":5106.39,"end":5106.87},{"text":"earnings","start":5106.87,"end":5107.27},{"text":"and","start":5107.51,"end":5107.79},{"text":"government","start":5107.79,"end":5108.19},{"text":"revenue","start":5108.19,"end":5108.63},{"text":"to","start":5108.63,"end":5108.83},{"text":"external","start":5108.83,"end":5109.35},{"text":"debt","start":5109.35,"end":5109.59},{"text":"service.","start":5109.59,"end":5110.07}]},{"text":"Creditors must expand debt pause clauses to cover a broad range of shocks and reserve liquidity during crisis.","start":5110.83,"end":5118.31,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Creditors","start":5110.83,"end":5111.23},{"text":"must","start":5111.23,"end":5111.43},{"text":"expand","start":5111.43,"end":5111.95},{"text":"debt","start":5111.95,"end":5112.31},{"text":"pause","start":5112.31,"end":5112.79},{"text":"clauses","start":5112.95,"end":5113.51},{"text":"to","start":5113.51,"end":5113.59},{"text":"cover","start":5113.59,"end":5114.07},{"text":"a","start":5114.07,"end":5114.11},{"text":"broad","start":5114.11,"end":5114.47},{"text":"range","start":5114.47,"end":5114.71},{"text":"of","start":5114.71,"end":5114.95},{"text":"shocks","start":5115.03,"end":5115.43},{"text":"and","start":5115.67,"end":5116.07},{"text":"reserve","start":5116.15,"end":5116.71},{"text":"liquidity","start":5116.87,"end":5117.47},{"text":"during","start":5117.47,"end":5117.75},{"text":"crisis.","start":5117.75,"end":5118.31}]},{"text":"This must complement timely, orderly, and fair restructuring that delivers effective relief with stronger creditor coordination and private lender participation.","start":5118.39,"end":5127.43,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"This","start":5118.39,"end":5118.63},{"text":"must","start":5118.63,"end":5118.87},{"text":"complement","start":5118.87,"end":5119.47},{"text":"timely,","start":5119.47,"end":5119.91},{"text":"orderly,","start":5119.91,"end":5120.39},{"text":"and","start":5120.39,"end":5120.59},{"text":"fair","start":5120.59,"end":5120.83},{"text":"restructuring","start":5120.83,"end":5121.59},{"text":"that","start":5121.83,"end":5121.99},{"text":"delivers","start":5121.99,"end":5122.51},{"text":"effective","start":5122.51,"end":5123.11},{"text":"relief","start":5123.11,"end":5123.43},{"text":"with","start":5123.43,"end":5123.63},{"text":"stronger","start":5123.63,"end":5124.31},{"text":"creditor","start":5124.75,"end":5125.19},{"text":"coordination","start":5125.19,"end":5125.83},{"text":"and","start":5125.83,"end":5125.99},{"text":"private","start":5125.99,"end":5126.35},{"text":"lender","start":5126.35,"end":5126.63},{"text":"participation.","start":5126.63,"end":5127.43}]},{"text":"We call for urgent operationalization of the proposed facility for coordinated liquidity and debt management support.","start":5127.75,"end":5134.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"We","start":5127.75,"end":5127.91},{"text":"call","start":5127.91,"end":5128.15},{"text":"for","start":5128.15,"end":5128.43},{"text":"urgent","start":5128.43,"end":5128.67},{"text":"operationalization","start":5128.67,"end":5129.83},{"text":"of","start":5129.83,"end":5129.99},{"text":"the","start":5129.99,"end":5130.11},{"text":"proposed","start":5130.11,"end":5130.59},{"text":"facility","start":5130.59,"end":5131.19},{"text":"for","start":5131.43,"end":5131.59},{"text":"coordinated","start":5131.59,"end":5132.19},{"text":"liquidity","start":5132.19,"end":5132.87},{"text":"and","start":5132.87,"end":5133.11},{"text":"debt","start":5133.11,"end":5133.23},{"text":"management","start":5133.23,"end":5133.75},{"text":"support.","start":5133.75,"end":5134.23}]},{"text":"The working group on responsible sovereign borrowing and lending should reinforce shared responsibility for preventing unsustained debt accumulation.","start":5134.55,"end":5143.67,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"The","start":5134.55,"end":5134.71},{"text":"working","start":5134.71,"end":5135.03},{"text":"group","start":5135.03,"end":5135.27},{"text":"on","start":5135.27,"end":5135.43},{"text":"responsible","start":5135.43,"end":5136.23},{"text":"sovereign","start":5136.99,"end":5137.35},{"text":"borrowing","start":5137.35,"end":5137.83},{"text":"and","start":5137.83,"end":5138.03},{"text":"lending","start":5138.03,"end":5138.39},{"text":"should","start":5138.39,"end":5138.63},{"text":"reinforce","start":5138.63,"end":5139.15},{"text":"shared","start":5139.15,"end":5139.51},{"text":"responsibility","start":5139.51,"end":5140.39},{"text":"for","start":5140.63,"end":5140.79},{"text":"preventing","start":5140.79,"end":5141.27},{"text":"unsustained","start":5141.35,"end":5142.19},{"text":"debt","start":5142.19,"end":5142.55},{"text":"accumulation.","start":5142.87,"end":5143.67}]},{"text":"Third, national ownership must be matched by an enabling international environment.","start":5144.31,"end":5148.63,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Third,","start":5144.31,"end":5144.71},{"text":"national","start":5144.95,"end":5145.35},{"text":"ownership","start":5145.35,"end":5145.79},{"text":"must","start":5145.79,"end":5146.03},{"text":"be","start":5146.03,"end":5146.15},{"text":"matched","start":5146.15,"end":5146.51},{"text":"by","start":5146.51,"end":5146.75},{"text":"an","start":5146.75,"end":5146.95},{"text":"enabling","start":5146.95,"end":5147.35},{"text":"international","start":5147.35,"end":5147.91},{"text":"environment.","start":5147.91,"end":5148.63}]},{"text":"LDCs remain committed to domestic resource mobilization, second public financial management and stronger national financial systems.","start":5148.95,"end":5156.79,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"LDCs","start":5148.95,"end":5149.67},{"text":"remain","start":5149.67,"end":5149.91},{"text":"committed","start":5149.91,"end":5150.31},{"text":"to","start":5150.31,"end":5150.47},{"text":"domestic","start":5150.47,"end":5151.03},{"text":"resource","start":5151.03,"end":5151.35},{"text":"mobilization,","start":5151.35,"end":5152.23},{"text":"second","start":5152.47,"end":5152.91},{"text":"public","start":5152.95,"end":5153.27},{"text":"financial","start":5153.27,"end":5153.91},{"text":"management","start":5153.91,"end":5154.51},{"text":"and","start":5154.51,"end":5154.71},{"text":"stronger","start":5154.71,"end":5155.27},{"text":"national","start":5155.27,"end":5155.75},{"text":"financial","start":5155.75,"end":5156.23},{"text":"systems.","start":5156.23,"end":5156.79}]},{"text":"International support must reinforce these efforts in accordance with nationally determined priorities, including through stronger national development banks and expanding concessional local currency lending.","start":5157.15,"end":5168.59,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"International","start":5157.15,"end":5157.83},{"text":"support","start":5157.83,"end":5158.15},{"text":"must","start":5158.15,"end":5158.39},{"text":"reinforce","start":5158.39,"end":5158.91},{"text":"these","start":5158.91,"end":5159.15},{"text":"efforts","start":5159.15,"end":5159.63},{"text":"in","start":5159.87,"end":5160.11},{"text":"accordance","start":5160.11,"end":5160.67},{"text":"with","start":5160.67,"end":5160.95},{"text":"nationally","start":5160.95,"end":5161.79},{"text":"determined","start":5161.95,"end":5162.43},{"text":"priorities,","start":5162.43,"end":5162.99},{"text":"including","start":5162.99,"end":5163.63},{"text":"through","start":5163.63,"end":5163.79},{"text":"stronger","start":5163.79,"end":5164.27},{"text":"national","start":5164.27,"end":5164.67},{"text":"development","start":5164.67,"end":5165.23},{"text":"banks","start":5165.23,"end":5165.63},{"text":"and","start":5165.87,"end":5166.07},{"text":"expanding","start":5166.07,"end":5166.67},{"text":"concessional","start":5166.67,"end":5167.39},{"text":"local","start":5167.39,"end":5167.71},{"text":"currency","start":5167.71,"end":5168.11},{"text":"lending.","start":5168.11,"end":5168.59}]},{"text":"We call on development partners to double support for domestic revenue mobilization by 2030.","start":5168.91,"end":5174.87,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"We","start":5168.91,"end":5169.15},{"text":"call","start":5169.15,"end":5169.47},{"text":"on","start":5169.47,"end":5169.63},{"text":"development","start":5169.63,"end":5170.23},{"text":"partners","start":5170.23,"end":5170.67},{"text":"to","start":5170.67,"end":5170.75},{"text":"double","start":5170.75,"end":5171.07},{"text":"support","start":5171.07,"end":5171.43},{"text":"for","start":5171.43,"end":5171.55},{"text":"domestic","start":5171.55,"end":5172.11},{"text":"revenue","start":5172.11,"end":5172.51},{"text":"mobilization","start":5172.51,"end":5173.31},{"text":"by","start":5173.31,"end":5173.47},{"text":"2030.","start":5173.47,"end":5174.87}]},{"text":"The group calls for strengthening international cooperation to combat illicit financial flows and facilitate the recovery and return of stolen assets backed by sustained technical assistance and the release of approved resources.","start":5175.79,"end":5188.75,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"The","start":5175.79,"end":5175.87},{"text":"group","start":5175.87,"end":5176.15},{"text":"calls","start":5176.15,"end":5176.39},{"text":"for","start":5176.39,"end":5176.55},{"text":"strengthening","start":5176.55,"end":5177.07},{"text":"international","start":5177.07,"end":5177.67},{"text":"cooperation","start":5177.67,"end":5178.35},{"text":"to","start":5178.59,"end":5178.71},{"text":"combat","start":5178.71,"end":5179.23},{"text":"illicit","start":5179.23,"end":5179.87},{"text":"financial","start":5179.95,"end":5180.47},{"text":"flows","start":5180.47,"end":5180.83},{"text":"and","start":5181.15,"end":5181.31},{"text":"facilitate","start":5181.31,"end":5181.87},{"text":"the","start":5181.87,"end":5181.95},{"text":"recovery","start":5181.95,"end":5182.51},{"text":"and","start":5182.51,"end":5182.67},{"text":"return","start":5182.67,"end":5183.07},{"text":"of","start":5183.07,"end":5183.23},{"text":"stolen","start":5183.23,"end":5183.63},{"text":"assets","start":5183.63,"end":5184.03},{"text":"backed","start":5184.27,"end":5184.51},{"text":"by","start":5184.51,"end":5184.67},{"text":"sustained","start":5184.67,"end":5185.27},{"text":"technical","start":5185.27,"end":5185.71},{"text":"assistance","start":5185.71,"end":5186.43},{"text":"and","start":5186.59,"end":5186.75},{"text":"the","start":5186.75,"end":5186.83},{"text":"release","start":5186.83,"end":5187.39},{"text":"of","start":5187.39,"end":5187.67},{"text":"approved","start":5187.67,"end":5188.11},{"text":"resources.","start":5188.11,"end":5188.75}]},{"text":"IMF and World Bank shareholders must strengthen LDC voice and representation.","start":5188.99,"end":5194.51,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"IMF","start":5188.99,"end":5189.47},{"text":"and","start":5189.47,"end":5189.67},{"text":"World","start":5189.67,"end":5189.87},{"text":"Bank","start":5189.87,"end":5190.15},{"text":"shareholders","start":5190.15,"end":5190.83},{"text":"must","start":5191.15,"end":5191.47},{"text":"strengthen","start":5191.47,"end":5191.87},{"text":"LDC","start":5191.87,"end":5192.43},{"text":"voice","start":5192.75,"end":5193.23},{"text":"and","start":5193.23,"end":5193.55},{"text":"representation.","start":5193.55,"end":5194.51}]},{"text":"Fourth, Mr. Chair, financing must support structural transformation and resilience.","start":5194.99,"end":5199.47,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Fourth,","start":5194.99,"end":5195.27},{"text":"Mr.","start":5195.27,"end":5195.55},{"text":"Chair,","start":5195.55,"end":5195.95},{"text":"financing","start":5196.11,"end":5196.75},{"text":"must","start":5196.75,"end":5196.95},{"text":"support","start":5196.95,"end":5197.39},{"text":"structural","start":5197.39,"end":5197.87},{"text":"transformation","start":5197.87,"end":5198.67},{"text":"and","start":5198.67,"end":5198.83},{"text":"resilience.","start":5198.83,"end":5199.47}]},{"text":"Building in the LDCs narrow export basis constrains our country's ability to benefit from trade.","start":5199.71,"end":5205.07,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"Rapid","start":5216.67,"end":5216.99},{"text":"operationalization","start":5217.07,"end":5218.07},{"text":"of","start":5218.07,"end":5218.19},{"text":"the","start":5218.19,"end":5218.31},{"text":"International","start":5218.31,"end":5218.83},{"text":"Investment","start":5218.83,"end":5219.35},{"text":"Support","start":5219.35,"end":5219.67},{"text":"Center","start":5219.67,"end":5219.95},{"text":"should","start":5219.95,"end":5220.15},{"text":"help","start":5220.15,"end":5220.43},{"text":"LDCs","start":5220.43,"end":5221.07},{"text":"attract","start":5221.39,"end":5221.75},{"text":"private","start":5221.75,"end":5222.11},{"text":"finance","start":5222.11,"end":5222.59},{"text":"and","start":5222.59,"end":5222.91},{"text":"SDG-aligned","start":5222.91,"end":5223.87},{"text":"foreign","start":5223.87,"end":5224.23},{"text":"direct","start":5224.23,"end":5224.59},{"text":"investment","start":5224.59,"end":5225.19},{"text":"that","start":5225.19,"end":5225.39},{"text":"support","start":5225.39,"end":5225.75},{"text":"diversification,","start":5225.75,"end":5226.75},{"text":"local","start":5226.99,"end":5227.31},{"text":"value","start":5227.31,"end":5227.63},{"text":"addition,","start":5227.63,"end":5227.99},{"text":"and","start":5227.99,"end":5228.15},{"text":"climate","start":5228.15,"end":5228.51},{"text":"adaptation.","start":5228.51,"end":5229.23}]},{"text":"Chair, the 2027 DPO8 Midterm Review and Financing for Development Forum, more secure collective action for responsible institutional and partnership.","start":5229.79,"end":5239.47,"topics":[],"words":[{"text":"Chair,","start":5229.79,"end":5230.03},{"text":"the","start":5230.27,"end":5230.43},{"text":"2027","start":5230.43,"end":5231.63},{"text":"DPO8","start":5231.71,"end":5232.59},{"text":"Midterm","start":5232.59,"end":5233.07},{"text":"Review","start":5233.07,"end":5233.39},{"text":"and","start":5233.39,"end":5233.55},{"text":"Financing","start":5233.55,"end":5234.15},{"text":"for","start":5234.15,"end":5234.27},{"text":"Development","start":5234.27,"end":5234.79},{"text":"Forum,","start":5234.79,"end":5235.15},{"text":"more","start":5235.39,"end":5235.63},{"text":"secure","start":5235.63,"end":5236.19},{"text":"collective","start":5236.43,"end":5236.91},{"text":"action","start":5236.91,"end":5237.31},{"text":"for","start":5237.31,"end":5237.47},{"text":"responsible","start":5237.47,"end":5238.07},{"text":"institutional","start":5238.07,"end":5238.75},{"text":"and","start":5238.75,"end":5238.87},{"text":"partnership.","start":5238.87,"end":5239.47}]},{"text":"Our countries cannot afford to have persistent financing shortfalls, curtails their development ambitions.","start":5239.71,"end":5245.15,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Our","start":5239.71,"end":5239.95},{"text":"countries","start":5239.95,"end":5240.35},{"text":"cannot","start":5240.35,"end":5240.67},{"text":"afford","start":5240.67,"end":5240.95},{"text":"to","start":5240.95,"end":5241.07},{"text":"have","start":5241.07,"end":5241.31},{"text":"persistent","start":5241.31,"end":5241.87},{"text":"financing","start":5241.87,"end":5242.35},{"text":"shortfalls,","start":5242.35,"end":5242.99},{"text":"curtails","start":5243.31,"end":5243.79},{"text":"their","start":5243.79,"end":5244.03},{"text":"development","start":5244.03,"end":5244.55},{"text":"ambitions.","start":5244.55,"end":5245.15}]},{"text":"Predictable development finance must give LDCs the means to invest in their people, build resilience, economies, and pursue sustainable development.","start":5245.31,"end":5253.07,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development 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thank you.","start":5253.31,"end":5253.87,"topics":[],"words":[{"text":"I","start":5253.31,"end":5253.47},{"text":"thank","start":5253.47,"end":5253.75},{"text":"you.","start":5253.75,"end":5253.87}]}]}],"speaker":{"affiliation":"GMB","group":"LDCs","function":null,"affiliation_full":"Gambia"}},{"statement_number":35,"start":5256.27,"pageUrl":"/en/ga/c2/81/7?t=1:27:37","paragraphs":[{"sentences":[{"text":"I thank the representative of Gambia, speaking on behalf of the LDCs.","start":5256.27,"end":5259.71,"topics":[],"words":[{"text":"I","start":5256.27,"end":5256.28},{"text":"thank","start":5256.35,"end":5256.59},{"text":"the","start":5256.59,"end":5256.67},{"text":"representative","start":5256.67,"end":5257.27},{"text":"of","start":5257.27,"end":5257.39},{"text":"Gambia,","start":5257.39,"end":5257.79},{"text":"speaking","start":5257.79,"end":5258.11},{"text":"on","start":5258.11,"end":5258.19},{"text":"behalf","start":5258.19,"end":5258.59},{"text":"of","start":5258.63,"end":5258.83},{"text":"the","start":5258.83,"end":5258.95},{"text":"LDCs.","start":5258.95,"end":5259.71}]},{"text":"I now give the floor to the distinguished representative of Libya on behalf of Arab Group.","start":5260.19,"end":5265.03,"topics":[],"words":[{"text":"I","start":5260.19,"end":5260.43},{"text":"now","start":5260.43,"end":5260.59},{"text":"give","start":5260.59,"end":5260.79},{"text":"the","start":5260.79,"end":5260.91},{"text":"floor","start":5260.91,"end":5261.27},{"text":"to","start":5261.27,"end":5261.39},{"text":"the","start":5261.39,"end":5261.47},{"text":"distinguished","start":5261.47,"end":5262.03},{"text":"representative","start":5262.03,"end":5262.71},{"text":"of","start":5262.71,"end":5262.91},{"text":"Libya","start":5262.99,"end":5263.51},{"text":"on","start":5263.51,"end":5263.63},{"text":"behalf","start":5263.63,"end":5264.35},{"text":"of","start":5264.35,"end":5264.43},{"text":"Arab","start":5264.43,"end":5264.75},{"text":"Group.","start":5264.75,"end":5265.03}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":36,"start":5269.39,"pageUrl":"/en/ga/c2/81/7?t=1:27:50","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":5269.39,"end":5270.99,"topics":[],"words":[{"text":"Thank","start":5269.39,"end":5269.79},{"text":"you,","start":5269.79,"end":5270.03},{"text":"Mr.","start":5270.11,"end":5270.59},{"text":"Chair.","start":5270.59,"end":5270.99}]},{"text":"I have the honor to deliver this statement on behalf of the Arab Group.","start":5272.35,"end":5276.27,"topics":[],"words":[{"text":"I","start":5272.35,"end":5272.51},{"text":"have","start":5272.51,"end":5272.99},{"text":"the","start":5273.07,"end":5273.27},{"text":"honor","start":5273.47,"end":5273.79},{"text":"to","start":5273.79,"end":5273.91},{"text":"deliver","start":5273.91,"end":5274.19},{"text":"this","start":5274.19,"end":5274.31},{"text":"statement","start":5274.31,"end":5274.83},{"text":"on","start":5274.83,"end":5274.99},{"text":"behalf","start":5274.99,"end":5275.39},{"text":"of","start":5275.39,"end":5275.47},{"text":"the","start":5275.47,"end":5275.59},{"text":"Arab","start":5275.59,"end":5275.87},{"text":"Group.","start":5275.87,"end":5276.27}]},{"text":"I would first of all like to thank the chair of the committee and the members of the Bureau for all of their efforts.","start":5276.27,"end":5282.11,"topics":[],"words":[{"text":"I","start":5276.27,"end":5276.43},{"text":"would","start":5276.43,"end":5276.59},{"text":"first","start":5276.59,"end":5276.91},{"text":"of","start":5276.91,"end":5277.03},{"text":"all","start":5277.03,"end":5277.31},{"text":"like","start":5277.55,"end":5277.95},{"text":"to","start":5277.95,"end":5278.11},{"text":"thank","start":5278.11,"end":5278.59},{"text":"the","start":5278.59,"end":5278.83},{"text":"chair","start":5278.83,"end":5279.11},{"text":"of","start":5279.11,"end":5279.19},{"text":"the","start":5279.19,"end":5279.31},{"text":"committee","start":5279.31,"end":5279.71},{"text":"and","start":5279.71,"end":5279.91},{"text":"the","start":5279.91,"end":5279.99},{"text":"members","start":5279.99,"end":5280.27},{"text":"of","start":5280.27,"end":5280.35},{"text":"the","start":5280.35,"end":5280.43},{"text":"Bureau","start":5280.43,"end":5280.75},{"text":"for","start":5280.75,"end":5280.91},{"text":"all","start":5280.91,"end":5281.11},{"text":"of","start":5281.11,"end":5281.19},{"text":"their","start":5281.19,"end":5281.51},{"text":"efforts.","start":5281.51,"end":5282.11}]},{"text":"The group expresses its appreciation to the Secretary-General and the Secretariat for the report.","start":5283.47,"end":5290.79,"topics":[],"words":[{"text":"The","start":5283.47,"end":5283.59},{"text":"group","start":5283.59,"end":5283.95},{"text":"expresses","start":5285.03,"end":5285.59},{"text":"its","start":5285.59,"end":5285.79},{"text":"appreciation","start":5285.79,"end":5286.87},{"text":"to","start":5286.87,"end":5287.11},{"text":"the","start":5287.11,"end":5287.39},{"text":"Secretary-General","start":5287.39,"end":5288.39},{"text":"and","start":5288.55,"end":5288.83},{"text":"the","start":5288.83,"end":5288.91},{"text":"Secretariat","start":5288.91,"end":5289.67},{"text":"for","start":5289.67,"end":5290.07},{"text":"the","start":5290.07,"end":5290.23},{"text":"report.","start":5290.23,"end":5290.79}]},{"text":"The Second Committee is essential for promoting economic growth and macroeconomic questions, as well as prosperity.","start":5290.79,"end":5299.99,"topics":[],"words":[{"text":"The","start":5290.79,"end":5290.91},{"text":"Second","start":5290.91,"end":5291.11},{"text":"Committee","start":5291.11,"end":5291.67},{"text":"is","start":5291.67,"end":5291.83},{"text":"essential","start":5291.83,"end":5292.55},{"text":"for","start":5292.71,"end":5292.99},{"text":"promoting","start":5292.99,"end":5293.67},{"text":"economic","start":5293.67,"end":5294.35},{"text":"growth","start":5294.35,"end":5294.79},{"text":"and","start":5296.31,"end":5296.71},{"text":"macroeconomic","start":5296.79,"end":5297.91},{"text":"questions,","start":5297.91,"end":5298.63},{"text":"as","start":5298.63,"end":5298.79},{"text":"well","start":5298.79,"end":5298.95},{"text":"as","start":5298.95,"end":5299.11},{"text":"prosperity.","start":5299.11,"end":5299.99}]},{"text":"The Arab economy has grown by 3% last year, and in order to preserve these achievements, And to build upon it, the Group reiterates the need to guarantee complete concessional financing to take into account our needs and to respect national ownership and priorities in the area of development.","start":5300.87,"end":5321.63,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"The","start":5321.63,"end":5321.71},{"text":"Group","start":5321.71,"end":5322.03},{"text":"reiterates","start":5322.19,"end":5322.79},{"text":"its","start":5322.83,"end":5323.11},{"text":"support","start":5323.11,"end":5323.79},{"text":"for","start":5324.59,"end":5324.95},{"text":"the","start":5324.95,"end":5325.11},{"text":"engagement","start":5325.19,"end":5325.71},{"text":"of","start":5325.71,"end":5325.95},{"text":"its","start":5325.95,"end":5326.39},{"text":"cities","start":5326.39,"end":5326.83},{"text":"and","start":5326.83,"end":5327.11},{"text":"to","start":5327.11,"end":5327.79},{"text":"work","start":5328.43,"end":5328.75},{"text":"on","start":5328.75,"end":5328.83},{"text":"the","start":5328.83,"end":5328.91},{"text":"basis","start":5328.91,"end":5329.23},{"text":"of","start":5329.23,"end":5329.31},{"text":"the","start":5329.31,"end":5329.43},{"text":"Addis","start":5329.43,"end":5329.79},{"text":"Ababa","start":5329.87,"end":5330.31},{"text":"Action","start":5330.31,"end":5330.91},{"text":"Plan.","start":5330.91,"end":5331.47}]},{"text":"and to take into consideration the amount of $12 billion to facilitate financing and to address the debt burden, and also for the restructuring of the international financial system to strengthen developing countries.","start":5333.59,"end":5349.19,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"and","start":5333.59,"end":5333.71},{"text":"to","start":5333.71,"end":5333.87},{"text":"take","start":5333.87,"end":5334.03},{"text":"into","start":5334.03,"end":5334.23},{"text":"consideration","start":5334.23,"end":5335.03},{"text":"the","start":5335.03,"end":5335.23},{"text":"amount","start":5335.23,"end":5335.59},{"text":"of","start":5335.71,"end":5335.91},{"text":"$12","start":5335.91,"end":5335.95},{"text":"billion","start":5335.95,"end":5336.87},{"text":"to","start":5337.67,"end":5337.99},{"text":"facilitate","start":5337.99,"end":5338.79},{"text":"financing","start":5338.79,"end":5339.59},{"text":"and","start":5339.59,"end":5339.99},{"text":"to","start":5339.99,"end":5340.43},{"text":"address","start":5340.43,"end":5340.87},{"text":"the","start":5340.87,"end":5341.03},{"text":"debt","start":5341.03,"end":5341.43},{"text":"burden,","start":5341.43,"end":5341.99},{"text":"and","start":5341.99,"end":5342.23},{"text":"also","start":5342.23,"end":5342.63},{"text":"for","start":5342.63,"end":5342.87},{"text":"the","start":5342.87,"end":5343.03},{"text":"restructuring","start":5343.03,"end":5343.91},{"text":"of","start":5343.91,"end":5344.15},{"text":"the","start":5344.15,"end":5344.27},{"text":"international","start":5344.27,"end":5344.79},{"text":"financial","start":5344.79,"end":5345.43},{"text":"system","start":5345.43,"end":5345.99},{"text":"to","start":5346.39,"end":5346.79},{"text":"strengthen","start":5346.87,"end":5347.59},{"text":"developing","start":5347.91,"end":5348.47},{"text":"countries.","start":5348.47,"end":5349.19}]},{"text":"Economic recovery in our region is carried out in different ways.","start":5350.15,"end":5354.71,"topics":[],"words":[{"text":"Economic","start":5350.15,"end":5350.55},{"text":"recovery","start":5350.55,"end":5351.03},{"text":"in","start":5351.03,"end":5351.27},{"text":"our","start":5351.27,"end":5351.47},{"text":"region","start":5351.47,"end":5352.15},{"text":"is","start":5353.03,"end":5353.27},{"text":"carried","start":5353.27,"end":5353.51},{"text":"out","start":5353.51,"end":5353.67},{"text":"in","start":5353.67,"end":5353.79},{"text":"different","start":5353.79,"end":5354.15},{"text":"ways.","start":5354.15,"end":5354.71}]},{"text":"And we call for a multilateral system that is based on rules, To eliminate barriers to economic activity, we call for greater investment in energy, food, and this in accordance with national priorities.","start":5357.03,"end":5378.59,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"And","start":5357.03,"end":5357.23},{"text":"we","start":5357.23,"end":5357.43},{"text":"call","start":5357.43,"end":5357.75},{"text":"for","start":5357.75,"end":5357.95},{"text":"a","start":5357.95,"end":5357.99},{"text":"multilateral","start":5357.99,"end":5358.63},{"text":"system","start":5358.63,"end":5359.19},{"text":"that","start":5359.19,"end":5359.51},{"text":"is","start":5359.51,"end":5359.75},{"text":"based","start":5359.75,"end":5360.15},{"text":"on","start":5360.15,"end":5360.31},{"text":"rules,","start":5360.31,"end":5360.95},{"text":"To","start":5363.71,"end":5363.95},{"text":"eliminate","start":5363.95,"end":5364.67},{"text":"barriers","start":5364.75,"end":5365.39},{"text":"to","start":5365.39,"end":5365.55},{"text":"economic","start":5365.55,"end":5366.03},{"text":"activity,","start":5366.03,"end":5366.83},{"text":"we","start":5368.51,"end":5368.75},{"text":"call","start":5368.75,"end":5369.07},{"text":"for","start":5369.07,"end":5369.43},{"text":"greater","start":5369.43,"end":5369.95},{"text":"investment","start":5369.95,"end":5371.07},{"text":"in","start":5372.11,"end":5372.59},{"text":"energy,","start":5372.83,"end":5373.47},{"text":"food,","start":5374.43,"end":5375.07},{"text":"and","start":5376.43,"end":5376.63},{"text":"this","start":5376.63,"end":5376.83},{"text":"in","start":5376.83,"end":5376.99},{"text":"accordance","start":5376.99,"end":5377.39},{"text":"with","start":5377.39,"end":5377.51},{"text":"national","start":5377.51,"end":5377.87},{"text":"priorities.","start":5377.87,"end":5378.59}]},{"text":"It is also important to increase climate financing and adaptation funding.","start":5378.59,"end":5383.39,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"It","start":5378.59,"end":5378.67},{"text":"is","start":5378.67,"end":5378.83},{"text":"also","start":5378.83,"end":5379.07},{"text":"important","start":5379.07,"end":5379.75},{"text":"to","start":5379.75,"end":5379.95},{"text":"increase","start":5379.95,"end":5380.59},{"text":"climate","start":5380.59,"end":5381.15},{"text":"financing","start":5381.15,"end":5381.79},{"text":"and","start":5381.79,"end":5382.03},{"text":"adaptation","start":5382.03,"end":5382.83},{"text":"funding.","start":5382.83,"end":5383.39}]},{"text":"and adaptation measures, and we reiterate the importance of the recovery of countries affected by disasters and conflicts and their reconstruction.","start":5384.23,"end":5393.03,"topics":[],"words":[{"text":"and","start":5384.23,"end":5384.31},{"text":"adaptation","start":5384.31,"end":5384.79},{"text":"measures,","start":5384.79,"end":5385.35},{"text":"and","start":5385.35,"end":5385.47},{"text":"we","start":5385.47,"end":5385.59},{"text":"reiterate","start":5385.59,"end":5386.07},{"text":"the","start":5386.07,"end":5386.19},{"text":"importance","start":5386.19,"end":5387.03},{"text":"of","start":5387.27,"end":5387.67},{"text":"the","start":5387.91,"end":5388.07},{"text":"recovery","start":5388.07,"end":5388.87},{"text":"of","start":5388.87,"end":5389.35},{"text":"countries","start":5389.35,"end":5389.71},{"text":"affected","start":5389.71,"end":5390.11},{"text":"by","start":5390.11,"end":5390.23},{"text":"disasters","start":5390.23,"end":5390.79},{"text":"and","start":5390.79,"end":5390.95},{"text":"conflicts","start":5390.95,"end":5391.67},{"text":"and","start":5391.67,"end":5391.87},{"text":"their","start":5391.87,"end":5392.11},{"text":"reconstruction.","start":5392.11,"end":5393.03}]},{"text":"This includes Arab countries to ensure the return of job opportunities and production opportunities.","start":5393.27,"end":5400.31,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"This","start":5393.27,"end":5393.51},{"text":"includes","start":5393.51,"end":5394.07},{"text":"Arab","start":5394.07,"end":5394.39},{"text":"countries","start":5394.39,"end":5395.11},{"text":"to","start":5395.27,"end":5395.51},{"text":"ensure","start":5395.51,"end":5396.15},{"text":"the","start":5396.15,"end":5396.35},{"text":"return","start":5396.35,"end":5396.95},{"text":"of","start":5396.95,"end":5397.27},{"text":"job","start":5397.27,"end":5397.59},{"text":"opportunities","start":5397.59,"end":5398.63},{"text":"and","start":5398.63,"end":5398.95},{"text":"production","start":5398.95,"end":5399.47},{"text":"opportunities.","start":5399.47,"end":5400.31}]},{"text":"Maritime security remains essential for trade.","start":5402.07,"end":5405.67,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"Maritime","start":5402.07,"end":5402.79},{"text":"security","start":5402.79,"end":5403.47},{"text":"remains","start":5403.47,"end":5403.91},{"text":"essential","start":5403.91,"end":5404.79},{"text":"for","start":5404.79,"end":5405.19},{"text":"trade.","start":5405.19,"end":5405.67}]},{"text":"The Arab Group reiterates the fact that the closure of the Strait of Hormuz and disruption in the Strait of Bab el-Mandeb has negative repercussions on the global economy, particularly when it comes to rising prices of financing, transport and energy costs, in addition to pressure in various different areas.","start":5406.07,"end":5427.87,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"The","start":5406.07,"end":5406.19},{"text":"Arab","start":5406.19,"end":5406.51},{"text":"Group","start":5406.51,"end":5406.75},{"text":"reiterates","start":5406.75,"end":5407.23},{"text":"the","start":5407.23,"end":5407.35},{"text":"fact","start":5407.35,"end":5407.79},{"text":"that","start":5407.79,"end":5407.91},{"text":"the","start":5407.91,"end":5408.11},{"text":"closure","start":5408.11,"end":5409.07},{"text":"of","start":5409.07,"end":5409.19},{"text":"the","start":5409.19,"end":5409.35},{"text":"Strait","start":5409.35,"end":5409.63},{"text":"of","start":5409.63,"end":5409.75},{"text":"Hormuz","start":5409.75,"end":5410.39},{"text":"and","start":5410.39,"end":5410.83},{"text":"disruption","start":5410.83,"end":5411.59},{"text":"in","start":5411.59,"end":5411.91},{"text":"the","start":5411.91,"end":5412.11},{"text":"Strait","start":5412.15,"end":5412.47},{"text":"of","start":5412.47,"end":5412.55},{"text":"Bab","start":5412.55,"end":5412.71},{"text":"el-Mandeb","start":5412.71,"end":5413.27},{"text":"has","start":5413.99,"end":5414.35},{"text":"negative","start":5414.43,"end":5415.07},{"text":"repercussions","start":5415.07,"end":5416.03},{"text":"on","start":5416.03,"end":5416.35},{"text":"the","start":5416.35,"end":5416.51},{"text":"global","start":5416.55,"end":5416.87},{"text":"economy,","start":5416.87,"end":5417.31},{"text":"particularly","start":5417.31,"end":5417.87},{"text":"when","start":5417.87,"end":5418.03},{"text":"it","start":5418.03,"end":5418.15},{"text":"comes","start":5418.15,"end":5418.59},{"text":"to","start":5418.59,"end":5418.79},{"text":"rising","start":5418.79,"end":5419.55},{"text":"prices","start":5419.55,"end":5420.19},{"text":"of","start":5420.39,"end":5420.67},{"text":"financing,","start":5420.67,"end":5421.39},{"text":"transport","start":5421.47,"end":5422.11},{"text":"and","start":5422.11,"end":5422.27},{"text":"energy","start":5422.27,"end":5422.59},{"text":"costs,","start":5422.59,"end":5422.99},{"text":"in","start":5422.99,"end":5423.15},{"text":"addition","start":5423.15,"end":5423.79},{"text":"to","start":5424.27,"end":5424.75},{"text":"pressure","start":5424.75,"end":5425.47},{"text":"in","start":5426.43,"end":5426.67},{"text":"various","start":5426.67,"end":5426.99},{"text":"different","start":5426.99,"end":5427.31},{"text":"areas.","start":5427.31,"end":5427.87}]},{"text":"We condemn the closure of the Strait of Hormuz and the disruption of the Bab el-Mandeb Strait.","start":5430.99,"end":5438.43,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"We","start":5430.99,"end":5431.23},{"text":"condemn","start":5431.23,"end":5431.95},{"text":"the","start":5431.95,"end":5432.15},{"text":"closure","start":5432.19,"end":5432.99},{"text":"of","start":5434.11,"end":5434.27},{"text":"the","start":5434.27,"end":5434.43},{"text":"Strait","start":5434.43,"end":5434.75},{"text":"of","start":5434.75,"end":5434.83},{"text":"Hormuz","start":5434.83,"end":5435.55},{"text":"and","start":5435.79,"end":5436.19},{"text":"the","start":5436.19,"end":5436.31},{"text":"disruption","start":5436.31,"end":5436.99},{"text":"of","start":5436.99,"end":5437.15},{"text":"the","start":5437.15,"end":5437.31},{"text":"Bab","start":5437.31,"end":5437.55},{"text":"el-Mandeb","start":5437.55,"end":5437.95},{"text":"Strait.","start":5437.95,"end":5438.43}]},{"text":"These measures constitutes a threat to energy security at the international level and a threat to international trade.","start":5438.91,"end":5448.55,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"These","start":5438.91,"end":5439.39},{"text":"measures","start":5439.39,"end":5440.03},{"text":"constitutes","start":5440.91,"end":5442.19},{"text":"a","start":5442.19,"end":5442.23},{"text":"threat","start":5442.23,"end":5442.99},{"text":"to","start":5442.99,"end":5443.27},{"text":"energy","start":5443.35,"end":5443.83},{"text":"security","start":5443.83,"end":5444.39},{"text":"at","start":5444.39,"end":5444.51},{"text":"the","start":5444.51,"end":5444.59},{"text":"international","start":5444.59,"end":5445.31},{"text":"level","start":5445.31,"end":5445.67},{"text":"and","start":5446.63,"end":5446.99},{"text":"a","start":5446.99,"end":5447.03},{"text":"threat","start":5447.03,"end":5447.27},{"text":"to","start":5447.27,"end":5447.35},{"text":"international","start":5447.35,"end":5447.99},{"text":"trade.","start":5447.99,"end":5448.55}]},{"text":"Iran must take no measures that contravene international law or the United Nations Convention on the Law of the Sea.","start":5450.67,"end":5459.79,"topics":[],"words":[{"text":"Iran","start":5450.67,"end":5451.11},{"text":"must","start":5451.27,"end":5451.79},{"text":"take","start":5451.79,"end":5452.07},{"text":"no","start":5452.15,"end":5452.63},{"text":"measures","start":5452.79,"end":5453.51},{"text":"that","start":5453.51,"end":5453.99},{"text":"contravene","start":5454.55,"end":5455.83},{"text":"international","start":5455.83,"end":5456.87},{"text":"law","start":5456.87,"end":5456.95},{"text":"or","start":5457.03,"end":5457.43},{"text":"the","start":5457.43,"end":5457.51},{"text":"United","start":5457.51,"end":5457.87},{"text":"Nations","start":5457.87,"end":5458.19},{"text":"Convention","start":5458.19,"end":5458.71},{"text":"on","start":5458.71,"end":5458.79},{"text":"the","start":5458.79,"end":5458.87},{"text":"Law","start":5458.87,"end":5459.07},{"text":"of","start":5459.07,"end":5459.19},{"text":"the","start":5459.19,"end":5459.27},{"text":"Sea.","start":5459.27,"end":5459.79}]},{"text":"We reiterate the fact that we cannot achieve sustainable development without peace, and there can be no peace without sustainable development.","start":5460.07,"end":5468.07,"topics":[],"words":[{"text":"We","start":5460.07,"end":5460.47},{"text":"reiterate","start":5460.47,"end":5461.11},{"text":"the","start":5461.11,"end":5461.27},{"text":"fact","start":5461.27,"end":5461.67},{"text":"that","start":5461.75,"end":5462.15},{"text":"we","start":5462.15,"end":5462.39},{"text":"cannot","start":5462.39,"end":5462.71},{"text":"achieve","start":5462.71,"end":5463.11},{"text":"sustainable","start":5463.11,"end":5463.51},{"text":"development","start":5463.51,"end":5463.95},{"text":"without","start":5463.95,"end":5464.23},{"text":"peace,","start":5464.23,"end":5464.63},{"text":"and","start":5464.63,"end":5464.83},{"text":"there","start":5464.83,"end":5464.95},{"text":"can","start":5464.95,"end":5465.11},{"text":"be","start":5465.11,"end":5465.27},{"text":"no","start":5465.27,"end":5465.51},{"text":"peace","start":5465.51,"end":5465.99},{"text":"without","start":5466.15,"end":5466.59},{"text":"sustainable","start":5466.59,"end":5467.19},{"text":"development.","start":5467.19,"end":5468.07}]},{"text":"90% of economic infrastructure in Gaza must be taken into consideration.","start":5469.67,"end":5477.71,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"90%","start":5469.67,"end":5469.71},{"text":"of","start":5469.71,"end":5470.23},{"text":"economic","start":5471.39,"end":5472.11},{"text":"infrastructure","start":5472.11,"end":5473.07},{"text":"in","start":5473.07,"end":5473.31},{"text":"Gaza","start":5473.31,"end":5473.95},{"text":"must","start":5475.87,"end":5476.19},{"text":"be","start":5476.19,"end":5476.51},{"text":"taken","start":5476.51,"end":5476.79},{"text":"into","start":5476.79,"end":5476.95},{"text":"consideration.","start":5476.95,"end":5477.71}]},{"text":"We express our solidarity with the Palestinian people in its resistance, as well as its inalienable right to development, and we condemn measures taken by the occupying 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we call for a removal of constraints and the embargo and for reconstruction and recovery, be it in Gaza or in the West Bank.","start":5494.59,"end":5503.75,"topics":[],"words":[{"text":"And","start":5494.59,"end":5494.67},{"text":"we","start":5494.67,"end":5494.79},{"text":"call","start":5494.79,"end":5495.11},{"text":"for","start":5495.11,"end":5495.55},{"text":"a","start":5495.55,"end":5495.59},{"text":"removal","start":5496.39,"end":5496.95},{"text":"of","start":5496.95,"end":5497.11},{"text":"constraints","start":5497.11,"end":5497.75},{"text":"and","start":5497.75,"end":5498.15},{"text":"the","start":5498.23,"end":5498.43},{"text":"embargo","start":5498.43,"end":5499.19},{"text":"and","start":5499.35,"end":5499.55},{"text":"for","start":5499.55,"end":5499.91},{"text":"reconstruction","start":5500.07,"end":5500.87},{"text":"and","start":5500.87,"end":5501.03},{"text":"recovery,","start":5501.03,"end":5501.59},{"text":"be","start":5501.59,"end":5501.83},{"text":"it","start":5501.83,"end":5501.99},{"text":"in","start":5501.99,"end":5502.23},{"text":"Gaza","start":5502.23,"end":5502.63},{"text":"or","start":5502.63,"end":5502.83},{"text":"in","start":5502.83,"end":5502.99},{"text":"the","start":5502.99,"end":5503.07},{"text":"West","start":5503.07,"end":5503.35},{"text":"Bank.","start":5503.35,"end":5503.75}]},{"text":"We categorically reject policies adopted by Israel as relates to forced displacement.","start":5504.07,"end":5513.43,"topics":[],"words":[{"text":"We","start":5504.07,"end":5504.31},{"text":"categorically","start":5504.31,"end":5505.35},{"text":"reject","start":5505.83,"end":5506.71},{"text":"policies","start":5507.91,"end":5508.63},{"text":"adopted","start":5508.63,"end":5509.35},{"text":"by","start":5509.35,"end":5509.59},{"text":"Israel","start":5509.59,"end":5510.31},{"text":"as","start":5511.35,"end":5511.51},{"text":"relates","start":5511.51,"end":5511.95},{"text":"to","start":5511.95,"end":5512.07},{"text":"forced","start":5512.07,"end":5512.59},{"text":"displacement.","start":5512.59,"end":5513.43}]},{"text":"And we call for the creation of a Palestinian state that is 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Syria.","start":5519.75,"end":5521.35,"topics":[],"words":[{"text":"And","start":5519.75,"end":5519.87},{"text":"we","start":5519.87,"end":5519.95},{"text":"support","start":5519.95,"end":5520.23},{"text":"Lebanon","start":5520.23,"end":5520.71},{"text":"and","start":5520.71,"end":5520.87},{"text":"Syria.","start":5520.87,"end":5521.35}]},{"text":"and call for their reconstruction and for the preservation of their independence and territorial integrity.","start":5522.31,"end":5527.59,"topics":[],"words":[{"text":"and","start":5522.31,"end":5522.43},{"text":"call","start":5522.43,"end":5522.79},{"text":"for","start":5522.79,"end":5522.95},{"text":"their","start":5522.95,"end":5523.23},{"text":"reconstruction","start":5523.23,"end":5523.99},{"text":"and","start":5523.99,"end":5524.27},{"text":"for","start":5524.27,"end":5524.39},{"text":"the","start":5524.39,"end":5524.47},{"text":"preservation","start":5524.47,"end":5524.99},{"text":"of","start":5524.99,"end":5525.11},{"text":"their","start":5525.11,"end":5525.27},{"text":"independence","start":5525.27,"end":5525.99},{"text":"and","start":5525.99,"end":5526.31},{"text":"territorial","start":5526.31,"end":5526.91},{"text":"integrity.","start":5526.91,"end":5527.59}]},{"text":"By way of conclusion, Mr. Chair, we stand ready to promote cooperation between states of the South as well as development partnerships and to work with ESCWA to ensure a follow-up on the Seville commitment in accordance with the established timeframes and criteria.","start":5528.23,"end":5547.19,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development 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order to take into account the needs of our population and strengthen joint efforts to achieve the SDGs by 2030.","start":5549.35,"end":5558.59,"topics":[],"words":[{"text":"in","start":5549.35,"end":5549.43},{"text":"order","start":5549.43,"end":5549.63},{"text":"to","start":5549.63,"end":5549.79},{"text":"take","start":5549.79,"end":5550.07},{"text":"into","start":5550.07,"end":5550.59},{"text":"account","start":5550.59,"end":5551.03},{"text":"the","start":5551.03,"end":5551.15},{"text":"needs","start":5551.15,"end":5551.59},{"text":"of","start":5551.63,"end":5551.75},{"text":"our","start":5551.75,"end":5551.87},{"text":"population","start":5551.87,"end":5552.87},{"text":"and","start":5553.03,"end":5553.31},{"text":"strengthen","start":5553.31,"end":5554.07},{"text":"joint","start":5554.31,"end":5554.79},{"text":"efforts","start":5554.87,"end":5555.51},{"text":"to","start":5555.51,"end":5555.63},{"text":"achieve","start":5555.63,"end":5556.23},{"text":"the","start":5556.23,"end":5556.43},{"text":"SDGs","start":5556.55,"end":5557.51},{"text":"by","start":5557.51,"end":5557.67},{"text":"2030.","start":5557.67,"end":5558.59}]},{"text":"Thank you, Mr. Chair.","start":5558.63,"end":5559.99,"topics":[],"words":[{"text":"Thank","start":5558.63,"end":5558.95},{"text":"you,","start":5558.95,"end":5559.11},{"text":"Mr.","start":5559.43,"end":5559.75},{"text":"Chair.","start":5559.75,"end":5559.99}]}]}],"speaker":{"affiliation":"LBY","group":"Arab Group","function":null,"affiliation_full":"Libya"}},{"statement_number":37,"start":5561.43,"pageUrl":"/en/ga/c2/81/7?t=1:32:42","paragraphs":[{"sentences":[{"text":"I thank the representative of Libya, speaking on behalf of the Arab Group.","start":5561.43,"end":5564.75,"topics":[],"words":[{"text":"I","start":5561.43,"end":5561.59},{"text":"thank","start":5561.59,"end":5561.83},{"text":"the","start":5561.83,"end":5561.91},{"text":"representative","start":5561.91,"end":5562.47},{"text":"of","start":5562.51,"end":5562.63},{"text":"Libya,","start":5562.63,"end":5563.11},{"text":"speaking","start":5563.27,"end":5563.55},{"text":"on","start":5563.55,"end":5563.67},{"text":"behalf","start":5563.67,"end":5563.87},{"text":"of","start":5563.87,"end":5564.07},{"text":"the","start":5564.07,"end":5564.19},{"text":"Arab","start":5564.19,"end":5564.47},{"text":"Group.","start":5564.47,"end":5564.75}]},{"text":"I now give the floor to the distinguished representative of Cuba, speaking on behalf of a group of like-minded countries.","start":5565.59,"end":5572.23,"topics":[],"words":[{"text":"I","start":5565.59,"end":5565.83},{"text":"now","start":5565.83,"end":5566.07},{"text":"give","start":5566.07,"end":5566.23},{"text":"the","start":5566.23,"end":5566.31},{"text":"floor","start":5566.31,"end":5566.71},{"text":"to","start":5566.71,"end":5567.03},{"text":"the","start":5567.11,"end":5567.35},{"text":"distinguished","start":5567.43,"end":5567.99},{"text":"representative","start":5567.99,"end":5568.79},{"text":"of","start":5568.79,"end":5569.11},{"text":"Cuba,","start":5569.11,"end":5569.59},{"text":"speaking","start":5569.59,"end":5570.03},{"text":"on","start":5570.03,"end":5570.15},{"text":"behalf","start":5570.15,"end":5570.59},{"text":"of","start":5570.59,"end":5570.67},{"text":"a","start":5570.67,"end":5570.71},{"text":"group","start":5570.71,"end":5570.99},{"text":"of","start":5570.99,"end":5571.11},{"text":"like-minded","start":5571.11,"end":5571.63},{"text":"countries.","start":5571.63,"end":5572.23}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":38,"start":5574.07,"pageUrl":"/en/ga/c2/81/7?t=1:32:55","paragraphs":[{"sentences":[{"text":"Mr. Chair.","start":5574.07,"end":5574.71,"topics":[],"words":[{"text":"Mr.","start":5574.07,"end":5574.39},{"text":"Chair.","start":5574.39,"end":5574.71}]},{"text":"Cuba has the honor to take the floor on behalf of the following group of like-minded countries-- Belarus, Burundi, China, Democratic People's Republic of Korea, Equatorial Guinea, Eritrea, Iran, Laos, Mali, Nicaragua, Niger, Russia, Uganda, Zimbabwe, and my own country, Cuba.","start":5575.39,"end":5593.83,"topics":[],"words":[{"text":"Cuba","start":5575.39,"end":5575.59},{"text":"has","start":5575.59,"end":5575.83},{"text":"the","start":5575.83,"end":5575.95},{"text":"honor","start":5575.99,"end":5576.23},{"text":"to","start":5576.23,"end":5576.35},{"text":"take","start":5576.39,"end":5576.63},{"text":"the","start":5576.63,"end":5576.79},{"text":"floor","start":5576.79,"end":5577.07},{"text":"on","start":5577.07,"end":5577.15},{"text":"behalf","start":5577.15,"end":5577.43},{"text":"of","start":5577.51,"end":5577.67},{"text":"the","start":5577.67,"end":5577.75},{"text":"following","start":5577.75,"end":5578.23},{"text":"group","start":5578.23,"end":5578.47},{"text":"of","start":5578.47,"end":5578.63},{"text":"like-minded","start":5578.63,"end":5579.35},{"text":"countries--","start":5579.35,"end":5580.07},{"text":"Belarus,","start":5580.31,"end":5580.95},{"text":"Burundi,","start":5581.03,"end":5581.67},{"text":"China,","start":5581.75,"end":5582.23},{"text":"Democratic","start":5582.71,"end":5583.19},{"text":"People's","start":5583.19,"end":5583.67},{"text":"Republic","start":5583.67,"end":5584.11},{"text":"of","start":5584.11,"end":5584.23},{"text":"Korea,","start":5584.23,"end":5584.87},{"text":"Equatorial","start":5585.03,"end":5585.67},{"text":"Guinea,","start":5585.67,"end":5586.31},{"text":"Eritrea,","start":5586.39,"end":5587.19},{"text":"Iran,","start":5587.19,"end":5587.75},{"text":"Laos,","start":5587.75,"end":5588.27},{"text":"Mali,","start":5588.39,"end":5588.87},{"text":"Nicaragua,","start":5588.95,"end":5589.51},{"text":"Niger,","start":5589.51,"end":5590.23},{"text":"Russia,","start":5590.31,"end":5590.79},{"text":"Uganda,","start":5590.91,"end":5591.43},{"text":"Zimbabwe,","start":5591.43,"end":5592.07},{"text":"and","start":5592.15,"end":5592.31},{"text":"my","start":5592.31,"end":5592.47},{"text":"own","start":5592.47,"end":5592.79},{"text":"country,","start":5592.79,"end":5593.27},{"text":"Cuba.","start":5593.35,"end":5593.83}]},{"text":"The full version of this statement will be submitted for publication.","start":5594.47,"end":5597.83,"topics":[],"words":[{"text":"The","start":5594.47,"end":5594.63},{"text":"full","start":5594.63,"end":5594.79},{"text":"version","start":5594.79,"end":5595.15},{"text":"of","start":5595.15,"end":5595.27},{"text":"this","start":5595.27,"end":5595.55},{"text":"statement","start":5595.55,"end":5595.91},{"text":"will","start":5595.91,"end":5596.07},{"text":"be","start":5596.07,"end":5596.23},{"text":"submitted","start":5596.23,"end":5596.67},{"text":"for","start":5596.71,"end":5596.95},{"text":"publication.","start":5596.95,"end":5597.83}]},{"text":"We reaffirm our readiness to engage constructively in the work of the.","start":5598.39,"end":5602.15,"topics":[],"words":[{"text":"We","start":5598.39,"end":5598.59},{"text":"reaffirm","start":5598.59,"end":5599.03},{"text":"our","start":5599.03,"end":5599.23},{"text":"readiness","start":5599.23,"end":5599.67},{"text":"to","start":5599.67,"end":5599.79},{"text":"engage","start":5599.79,"end":5600.15},{"text":"constructively","start":5600.15,"end":5601.03},{"text":"in","start":5601.19,"end":5601.31},{"text":"the","start":5601.31,"end":5601.43},{"text":"work","start":5601.43,"end":5601.67},{"text":"of","start":5601.67,"end":5601.83},{"text":"the.","start":5601.83,"end":5602.15}]},{"text":"guided by the purposes and principles of the charter in all the entirety and interconnectedness, including sovereign equality and non-interference in the internal affairs of states.","start":5602.95,"end":5613.27,"topics":[],"words":[{"text":"guided","start":5602.95,"end":5603.19},{"text":"by","start":5603.19,"end":5603.31},{"text":"the","start":5603.31,"end":5603.43},{"text":"purposes","start":5603.43,"end":5603.99},{"text":"and","start":5603.99,"end":5604.15},{"text":"principles","start":5604.15,"end":5604.79},{"text":"of","start":5604.87,"end":5605.03},{"text":"the","start":5605.03,"end":5605.19},{"text":"charter","start":5605.19,"end":5605.67},{"text":"in","start":5605.75,"end":5605.99},{"text":"all","start":5605.99,"end":5606.19},{"text":"the","start":5606.19,"end":5606.27},{"text":"entirety","start":5606.27,"end":5607.03},{"text":"and","start":5607.03,"end":5607.23},{"text":"interconnectedness,","start":5607.23,"end":5608.39},{"text":"including","start":5608.55,"end":5609.07},{"text":"sovereign","start":5609.07,"end":5609.43},{"text":"equality","start":5609.43,"end":5610.15},{"text":"and","start":5610.23,"end":5610.43},{"text":"non-interference","start":5610.43,"end":5611.27},{"text":"in","start":5611.35,"end":5611.47},{"text":"the","start":5611.47,"end":5611.55},{"text":"internal","start":5611.55,"end":5612.03},{"text":"affairs","start":5612.07,"end":5612.55},{"text":"of","start":5612.55,"end":5612.79},{"text":"states.","start":5612.79,"end":5613.27}]},{"text":"Developing countries continue to face severe challenges, growing debt, restrictive financing conditions, increased food and energy prices, unilateral coercive measure, as known as UCM, protectionist, climate change, and technological and digital divides.","start":5614.15,"end":5631.99,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."},{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"digital-creative-economy","label":"Digital and Creative Economy","description":"Speakers highlighted digital transformation, artificial intelligence, and the creative economy as emerging drivers of growth, jobs, and inclusion. At the same time, they warned about unequal access, concentration of AI investment, digital divides, and the need for better skills, regulation, and intellectual property frameworks."}],"words":[{"text":"Developing","start":5614.15,"end":5614.71},{"text":"countries","start":5614.71,"end":5615.15},{"text":"continue","start":5615.15,"end":5615.59},{"text":"to","start":5615.59,"end":5615.67},{"text":"face","start":5615.67,"end":5616.03},{"text":"severe","start":5616.03,"end":5616.31},{"text":"challenges,","start":5616.31,"end":5617.03},{"text":"growing","start":5617.03,"end":5617.43},{"text":"debt,","start":5617.43,"end":5617.91},{"text":"restrictive","start":5617.91,"end":5618.39},{"text":"financing","start":5618.39,"end":5618.83},{"text":"conditions,","start":5618.83,"end":5619.51},{"text":"increased","start":5619.67,"end":5620.23},{"text":"food","start":5620.23,"end":5620.59},{"text":"and","start":5620.59,"end":5620.83},{"text":"energy","start":5620.83,"end":5621.43},{"text":"prices,","start":5621.63,"end":5622.23},{"text":"unilateral","start":5622.47,"end":5623.15},{"text":"coercive","start":5623.15,"end":5623.51},{"text":"measure,","start":5623.51,"end":5624.07},{"text":"as","start":5624.79,"end":5625.43},{"text":"known","start":5625.91,"end":5626.43},{"text":"as","start":5626.43,"end":5626.63},{"text":"UCM,","start":5626.63,"end":5627.19},{"text":"protectionist,","start":5627.51,"end":5628.87},{"text":"climate","start":5628.87,"end":5629.31},{"text":"change,","start":5629.31,"end":5629.75},{"text":"and","start":5629.75,"end":5629.95},{"text":"technological","start":5629.95,"end":5630.71},{"text":"and","start":5630.71,"end":5630.87},{"text":"digital","start":5630.87,"end":5631.35},{"text":"divides.","start":5631.35,"end":5631.99}]},{"text":"A major obstacle to sustainable development, which cannot be ignored in our discussions, is the continued promulgation and applications of UCMs, including those with extraterritorial effects.","start":5632.79,"end":5644.83,"topics":[],"words":[{"text":"A","start":5632.79,"end":5632.8},{"text":"major","start":5632.79,"end":5633.23},{"text":"obstacle","start":5633.23,"end":5633.71},{"text":"to","start":5633.71,"end":5633.83},{"text":"sustainable","start":5633.83,"end":5634.35},{"text":"development,","start":5634.35,"end":5634.91},{"text":"which","start":5635.11,"end":5635.39},{"text":"cannot","start":5635.39,"end":5635.79},{"text":"be","start":5635.79,"end":5636.03},{"text":"ignored","start":5636.03,"end":5636.51},{"text":"in","start":5636.51,"end":5636.75},{"text":"our","start":5636.75,"end":5636.87},{"text":"discussions,","start":5636.87,"end":5637.55},{"text":"is","start":5637.79,"end":5637.95},{"text":"the","start":5637.95,"end":5638.07},{"text":"continued","start":5638.07,"end":5638.63},{"text":"promulgation","start":5638.63,"end":5639.47},{"text":"and","start":5639.47,"end":5639.59},{"text":"applications","start":5639.63,"end":5640.35},{"text":"of","start":5640.35,"end":5640.67},{"text":"UCMs,","start":5640.83,"end":5641.39},{"text":"including","start":5641.71,"end":5642.27},{"text":"those","start":5642.27,"end":5642.67},{"text":"with","start":5642.67,"end":5642.91},{"text":"extraterritorial","start":5643.07,"end":5644.19},{"text":"effects.","start":5644.19,"end":5644.83}]},{"text":"Such measures disrupt banking and payment channels, deter trade, shipping, and insurance, increase transaction costs, and restrict access to financing, food, medicine, energy, and technologies.","start":5645.31,"end":5658.27,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development 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member states continue to experience the adverse effects of unilateral coercive measures, including Belarus, the Democratic People's Republic of Korea, Iran, Nicaragua, Russia, Venezuela, Zimbabwe, and Cuba, with a recent and unprecedented energy siege imposed by the US to deny the arrival of fuel to my country.","start":5659.19,"end":5680.15,"topics":[],"words":[{"text":"Several","start":5659.19,"end":5659.43},{"text":"member","start":5659.43,"end":5659.75},{"text":"states","start":5659.75,"end":5660.39},{"text":"continue","start":5660.39,"end":5660.95},{"text":"to","start":5660.95,"end":5661.03},{"text":"experience","start":5661.03,"end":5661.59},{"text":"the","start":5661.59,"end":5661.71},{"text":"adverse","start":5661.71,"end":5662.07},{"text":"effects","start":5662.07,"end":5663.11},{"text":"of","start":5663.19,"end":5663.43},{"text":"unilateral","start":5663.43,"end":5663.99},{"text":"coercive","start":5663.99,"end":5664.39},{"text":"measures,","start":5664.39,"end":5664.95},{"text":"including","start":5665.03,"end":5665.67},{"text":"Belarus,","start":5665.91,"end":5666.55},{"text":"the","start":5666.71,"end":5666.87},{"text":"Democratic","start":5666.87,"end":5667.39},{"text":"People's","start":5667.39,"end":5667.75},{"text":"Republic","start":5667.75,"end":5668.19},{"text":"of","start":5668.19,"end":5668.31},{"text":"Korea,","start":5668.31,"end":5668.87},{"text":"Iran,","start":5669.03,"end":5669.55},{"text":"Nicaragua,","start":5669.55,"end":5670.11},{"text":"Russia,","start":5670.11,"end":5670.71},{"text":"Venezuela,","start":5670.87,"end":5671.51},{"text":"Zimbabwe,","start":5671.59,"end":5672.31},{"text":"and","start":5672.47,"end":5672.71},{"text":"Cuba,","start":5672.71,"end":5673.11},{"text":"with","start":5673.43,"end":5673.71},{"text":"a","start":5673.71,"end":5673.75},{"text":"recent","start":5673.75,"end":5674.15},{"text":"and","start":5674.15,"end":5674.27},{"text":"unprecedented","start":5674.27,"end":5674.95},{"text":"energy","start":5674.95,"end":5675.43},{"text":"siege","start":5675.43,"end":5675.83},{"text":"imposed","start":5675.99,"end":5676.59},{"text":"by","start":5676.59,"end":5676.71},{"text":"the","start":5676.71,"end":5676.91},{"text":"US","start":5677.03,"end":5677.43},{"text":"to","start":5677.67,"end":5677.83},{"text":"deny","start":5677.83,"end":5678.23},{"text":"the","start":5678.23,"end":5678.35},{"text":"arrival","start":5678.35,"end":5678.75},{"text":"of","start":5678.75,"end":5678.83},{"text":"fuel","start":5678.83,"end":5679.27},{"text":"to","start":5679.27,"end":5679.47},{"text":"my","start":5679.47,"end":5679.59},{"text":"country.","start":5679.59,"end":5680.15}]},{"text":"Their consequences extend beyond states, affecting the development and well-being of hundreds of millions of people.","start":5680.79,"end":5687.67,"topics":[],"words":[{"text":"Their","start":5680.79,"end":5681.03},{"text":"consequences","start":5681.03,"end":5681.99},{"text":"extend","start":5682.23,"end":5682.63},{"text":"beyond","start":5682.63,"end":5683.11},{"text":"states,","start":5683.11,"end":5683.59},{"text":"affecting","start":5683.75,"end":5684.15},{"text":"the","start":5684.15,"end":5684.27},{"text":"development","start":5684.27,"end":5684.87},{"text":"and","start":5684.87,"end":5685.03},{"text":"well-being","start":5685.03,"end":5685.59},{"text":"of","start":5685.59,"end":5685.83},{"text":"hundreds","start":5685.83,"end":5686.31},{"text":"of","start":5686.31,"end":5686.47},{"text":"millions","start":5686.47,"end":5687.03},{"text":"of","start":5687.11,"end":5687.27},{"text":"people.","start":5687.27,"end":5687.67}]},{"text":"The use of access to energy, financial flows, trade or essential supplies as instruments of political pressure is unacceptable.","start":5688.83,"end":5697.15,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."},{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"The","start":5688.83,"end":5688.87},{"text":"use","start":5688.87,"end":5689.15},{"text":"of","start":5689.15,"end":5689.39},{"text":"access","start":5689.39,"end":5689.63},{"text":"to","start":5689.63,"end":5689.95},{"text":"energy,","start":5689.95,"end":5690.51},{"text":"financial","start":5690.59,"end":5691.23},{"text":"flows,","start":5691.23,"end":5691.63},{"text":"trade","start":5691.95,"end":5692.27},{"text":"or","start":5692.27,"end":5692.55},{"text":"essential","start":5692.55,"end":5692.95},{"text":"supplies","start":5692.95,"end":5693.55},{"text":"as","start":5693.71,"end":5693.87},{"text":"instruments","start":5693.87,"end":5694.43},{"text":"of","start":5694.43,"end":5694.55},{"text":"political","start":5694.55,"end":5695.15},{"text":"pressure","start":5695.15,"end":5695.71},{"text":"is","start":5695.87,"end":5696.19},{"text":"unacceptable.","start":5696.27,"end":5697.15}]},{"text":"We therefore reiterate our call for the complete, immediate and unconditional lifting of all UCMs.","start":5697.71,"end":5704.19,"topics":[],"words":[{"text":"We","start":5697.71,"end":5697.95},{"text":"therefore","start":5697.95,"end":5698.47},{"text":"reiterate","start":5698.47,"end":5698.95},{"text":"our","start":5698.95,"end":5699.15},{"text":"call","start":5699.15,"end":5699.47},{"text":"for","start":5699.63,"end":5699.83},{"text":"the","start":5699.83,"end":5699.95},{"text":"complete,","start":5699.95,"end":5700.35},{"text":"immediate","start":5700.35,"end":5701.07},{"text":"and","start":5701.07,"end":5701.31},{"text":"unconditional","start":5701.31,"end":5702.07},{"text":"lifting","start":5702.07,"end":5702.51},{"text":"of","start":5702.51,"end":5702.83},{"text":"all","start":5702.91,"end":5703.71},{"text":"UCMs.","start":5703.71,"end":5704.19}]},{"text":"We also reject the use of tariffs and other trade or climate-related restrictions as instruments of unilateral pressure or economic coercion.","start":5704.51,"end":5714.35,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"We","start":5704.51,"end":5704.79},{"text":"also","start":5704.79,"end":5705.03},{"text":"reject","start":5705.03,"end":5705.55},{"text":"the","start":5705.55,"end":5705.75},{"text":"use","start":5705.75,"end":5705.95},{"text":"of","start":5705.95,"end":5706.11},{"text":"tariffs","start":5706.11,"end":5706.59},{"text":"and","start":5707.03,"end":5707.23},{"text":"other","start":5707.23,"end":5707.47},{"text":"trade","start":5707.47,"end":5707.79},{"text":"or","start":5708.03,"end":5708.23},{"text":"climate-related","start":5708.23,"end":5709.23},{"text":"restrictions","start":5709.23,"end":5709.95},{"text":"as","start":5710.11,"end":5710.43},{"text":"instruments","start":5710.43,"end":5711.07},{"text":"of","start":5711.23,"end":5711.47},{"text":"unilateral","start":5711.47,"end":5712.23},{"text":"pressure","start":5712.27,"end":5712.83},{"text":"or","start":5712.83,"end":5713.07},{"text":"economic","start":5713.07,"end":5713.71},{"text":"coercion.","start":5713.79,"end":5714.35}]},{"text":"In this context, We welcome the designation of 4th December as the International Day against UCMs and reaffirm our commitment to raising awareness of their impact on sustainable development.","start":5714.75,"end":5726.03,"topics":[],"words":[{"text":"In","start":5714.75,"end":5714.91},{"text":"this","start":5714.91,"end":5715.15},{"text":"context,","start":5715.15,"end":5715.71},{"text":"We","start":5716.27,"end":5716.35},{"text":"welcome","start":5716.35,"end":5716.83},{"text":"the","start":5716.83,"end":5716.95},{"text":"designation","start":5716.95,"end":5717.55},{"text":"of","start":5717.55,"end":5717.75},{"text":"4th","start":5717.75,"end":5718.15},{"text":"December","start":5718.15,"end":5718.75},{"text":"as","start":5718.75,"end":5718.91},{"text":"the","start":5718.91,"end":5719.03},{"text":"International","start":5719.03,"end":5719.67},{"text":"Day","start":5719.67,"end":5719.95},{"text":"against","start":5719.95,"end":5720.39},{"text":"UCMs","start":5720.39,"end":5720.67},{"text":"and","start":5720.75,"end":5721.07},{"text":"reaffirm","start":5721.15,"end":5721.79},{"text":"our","start":5721.79,"end":5721.95},{"text":"commitment","start":5721.95,"end":5722.47},{"text":"to","start":5722.47,"end":5722.55},{"text":"raising","start":5722.55,"end":5722.99},{"text":"awareness","start":5722.99,"end":5723.55},{"text":"of","start":5723.63,"end":5723.79},{"text":"their","start":5723.79,"end":5724.07},{"text":"impact","start":5724.07,"end":5724.59},{"text":"on","start":5724.59,"end":5724.71},{"text":"sustainable","start":5724.71,"end":5725.39},{"text":"development.","start":5725.47,"end":5726.03}]},{"text":"Chair, following the Sevilla commitment, our priority must be to translate agreed commitments into concrete and timely actions.","start":5726.43,"end":5734.75,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"First,","start":5737.95,"end":5738.51},{"text":"reform","start":5738.83,"end":5739.23},{"text":"of","start":5739.23,"end":5739.39},{"text":"the","start":5739.39,"end":5739.51},{"text":"international","start":5739.51,"end":5740.07},{"text":"financial","start":5740.07,"end":5740.47},{"text":"architecture","start":5740.47,"end":5741.23},{"text":"can","start":5741.23,"end":5741.39},{"text":"no","start":5741.39,"end":5741.55},{"text":"longer","start":5741.55,"end":5741.95},{"text":"be","start":5741.95,"end":5742.11},{"text":"postponed.","start":5742.11,"end":5742.75}]},{"text":"Developing countries need greater voice and representation in global economic governance and greater access to financing.","start":5743.19,"end":5749.87,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Developing","start":5743.19,"end":5743.71},{"text":"countries","start":5743.71,"end":5744.11},{"text":"need","start":5744.11,"end":5744.35},{"text":"greater","start":5744.35,"end":5744.99},{"text":"voice","start":5744.99,"end":5745.23},{"text":"and","start":5745.23,"end":5745.39},{"text":"representation","start":5745.39,"end":5746.19},{"text":"in","start":5746.19,"end":5746.35},{"text":"global","start":5746.35,"end":5746.71},{"text":"economic","start":5746.71,"end":5747.15},{"text":"governance","start":5747.15,"end":5747.79},{"text":"and","start":5747.83,"end":5748.07},{"text":"greater","start":5748.07,"end":5748.51},{"text":"access","start":5748.51,"end":5748.99},{"text":"to","start":5748.99,"end":5749.15},{"text":"financing.","start":5749.15,"end":5749.87}]},{"text":"Second, the growing debt burden requires fair and timely solutions because it's diverting critical resources from health, education, infrastructure, food, energy, and sustainable development.","start":5750.51,"end":5762.23,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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through genuine and inclusive multilateralism, solidarity, and full respect for the Charter can we advance the development and well-being of our 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you so much.","start":5857.11,"end":5857.75,"topics":[],"words":[{"text":"Thank","start":5857.11,"end":5857.35},{"text":"you","start":5857.35,"end":5857.43},{"text":"so","start":5857.43,"end":5857.51},{"text":"much.","start":5857.51,"end":5857.75}]}]}],"speaker":{"affiliation":"CUB","group":"LMG","function":null,"affiliation_full":"Cuba"}},{"statement_number":39,"start":5859.67,"pageUrl":"/en/ga/c2/81/7?t=1:37:40","paragraphs":[{"sentences":[{"text":"I thank the representative of Cuba, speaking on behalf of a group of like-minded 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"The","start":6119.15,"end":6119.27},{"text":"conflict","start":6119.27,"end":6119.67},{"text":"in","start":6119.67,"end":6119.75},{"text":"the","start":6119.75,"end":6119.83},{"text":"Middle","start":6119.83,"end":6120.11},{"text":"East","start":6120.11,"end":6120.35},{"text":"has","start":6120.35,"end":6120.51},{"text":"dealt","start":6120.51,"end":6120.71},{"text":"a","start":6120.71,"end":6120.75},{"text":"serious","start":6120.75,"end":6121.15},{"text":"blow","start":6121.15,"end":6121.55},{"text":"to","start":6121.55,"end":6121.67},{"text":"the","start":6121.67,"end":6121.75},{"text":"global","start":6121.75,"end":6122.07},{"text":"economy","start":6122.07,"end":6122.43},{"text":"and","start":6122.43,"end":6122.55},{"text":"global","start":6122.55,"end":6122.83},{"text":"trade.","start":6122.83,"end":6123.31}]},{"text":"The violations or disruptions of supply chains as a result of the conflict are leading to rising energy prices, prices for fertilizers and transport costs.","start":6125.23,"end":6133.47,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"The","start":6125.23,"end":6125.35},{"text":"violations","start":6125.79,"end":6126.67},{"text":"or","start":6126.67,"end":6126.91},{"text":"disruptions","start":6126.91,"end":6127.47},{"text":"of","start":6127.47,"end":6127.55},{"text":"supply","start":6127.55,"end":6127.87},{"text":"chains","start":6127.87,"end":6128.27},{"text":"as","start":6128.27,"end":6128.35},{"text":"a","start":6128.35,"end":6128.39},{"text":"result","start":6128.39,"end":6128.67},{"text":"of","start":6128.67,"end":6128.75},{"text":"the","start":6128.75,"end":6128.83},{"text":"conflict","start":6128.83,"end":6129.39},{"text":"are","start":6129.39,"end":6129.47},{"text":"leading","start":6129.47,"end":6129.79},{"text":"to","start":6129.79,"end":6129.91},{"text":"rising","start":6129.91,"end":6130.23},{"text":"energy","start":6130.23,"end":6130.59},{"text":"prices,","start":6130.59,"end":6131.23},{"text":"prices","start":6131.23,"end":6131.59},{"text":"for","start":6131.59,"end":6131.71},{"text":"fertilizers","start":6131.71,"end":6132.35},{"text":"and","start":6132.35,"end":6132.47},{"text":"transport","start":6132.47,"end":6132.91},{"text":"costs.","start":6132.91,"end":6133.47}]},{"text":"All of this is affecting countries, particularly developing countries and their economies.","start":6133.71,"end":6139.99,"topics":[],"words":[{"text":"All","start":6133.71,"end":6134.03},{"text":"of","start":6134.07,"end":6134.19},{"text":"this","start":6134.19,"end":6134.51},{"text":"is","start":6134.51,"end":6134.83},{"text":"affecting","start":6134.83,"end":6135.63},{"text":"countries,","start":6136.55,"end":6137.35},{"text":"particularly","start":6137.51,"end":6138.03},{"text":"developing","start":6138.03,"end":6138.51},{"text":"countries","start":6138.51,"end":6138.95},{"text":"and","start":6138.95,"end":6139.07},{"text":"their","start":6139.07,"end":6139.31},{"text":"economies.","start":6139.31,"end":6139.99}]},{"text":"In addition to these new challenges, we still have the relatively old problem of illegal unilateral economic sanctions.","start":6139.99,"end":6146.87,"topics":[],"words":[{"text":"In","start":6139.99,"end":6140.15},{"text":"addition","start":6140.15,"end":6140.47},{"text":"to","start":6140.47,"end":6140.55},{"text":"these","start":6140.55,"end":6140.79},{"text":"new","start":6140.79,"end":6140.95},{"text":"challenges,","start":6140.95,"end":6141.43},{"text":"we","start":6141.43,"end":6141.59},{"text":"still","start":6141.59,"end":6141.83},{"text":"have","start":6141.83,"end":6142.07},{"text":"the","start":6142.07,"end":6142.27},{"text":"relatively","start":6142.27,"end":6142.71},{"text":"old","start":6142.71,"end":6142.95},{"text":"problem","start":6142.95,"end":6143.43},{"text":"of","start":6143.75,"end":6144.23},{"text":"illegal","start":6144.23,"end":6144.87},{"text":"unilateral","start":6144.87,"end":6145.75},{"text":"economic","start":6145.79,"end":6146.23},{"text":"sanctions.","start":6146.23,"end":6146.87}]},{"text":"Belarus, once again, is forced to declare that the practice of weaponizing the global economy through sanctions, which undermines the principles of free and fair trade, is unacceptable.","start":6146.87,"end":6156.47,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Belarus,","start":6146.87,"end":6147.43},{"text":"once","start":6147.43,"end":6147.67},{"text":"again,","start":6147.67,"end":6147.87},{"text":"is","start":6147.87,"end":6147.99},{"text":"forced","start":6147.99,"end":6148.27},{"text":"to","start":6148.27,"end":6148.35},{"text":"declare","start":6148.35,"end":6148.83},{"text":"that","start":6149.11,"end":6149.27},{"text":"the","start":6149.27,"end":6149.43},{"text":"practice","start":6149.43,"end":6149.87},{"text":"of","start":6149.87,"end":6149.99},{"text":"weaponizing","start":6149.99,"end":6150.79},{"text":"the","start":6150.79,"end":6150.87},{"text":"global","start":6150.87,"end":6151.19},{"text":"economy","start":6151.19,"end":6151.59},{"text":"through","start":6151.59,"end":6151.91},{"text":"sanctions,","start":6151.91,"end":6152.71},{"text":"which","start":6153.27,"end":6153.51},{"text":"undermines","start":6153.51,"end":6153.95},{"text":"the","start":6153.95,"end":6154.03},{"text":"principles","start":6154.03,"end":6154.47},{"text":"of","start":6154.47,"end":6154.55},{"text":"free","start":6154.55,"end":6154.79},{"text":"and","start":6154.79,"end":6154.95},{"text":"fair","start":6154.95,"end":6155.19},{"text":"trade,","start":6155.19,"end":6155.47},{"text":"is","start":6155.47,"end":6155.59},{"text":"unacceptable.","start":6155.59,"end":6156.47}]},{"text":"The Republic of Belarus, like many other countries, continues to feel the negative impacts of this.","start":6157.59,"end":6163.07,"topics":[],"words":[{"text":"The","start":6157.59,"end":6157.63},{"text":"Republic","start":6157.63,"end":6158.03},{"text":"of","start":6158.03,"end":6158.11},{"text":"Belarus,","start":6158.11,"end":6158.91},{"text":"like","start":6158.91,"end":6159.23},{"text":"many","start":6159.23,"end":6159.43},{"text":"other","start":6159.43,"end":6159.63},{"text":"countries,","start":6159.63,"end":6160.03},{"text":"continues","start":6160.03,"end":6160.75},{"text":"to","start":6160.75,"end":6161.07},{"text":"feel","start":6161.07,"end":6161.55},{"text":"the","start":6161.55,"end":6161.67},{"text":"negative","start":6161.67,"end":6162.11},{"text":"impacts","start":6162.11,"end":6162.59},{"text":"of","start":6162.59,"end":6162.67},{"text":"this.","start":6162.67,"end":6163.07}]},{"text":"We call upon states that have introduced unilateral economic sanctions to immediately lift them.","start":6163.31,"end":6169.39,"topics":[],"words":[{"text":"We","start":6163.31,"end":6163.63},{"text":"call","start":6163.63,"end":6163.95},{"text":"upon","start":6163.95,"end":6164.35},{"text":"states","start":6164.35,"end":6164.75},{"text":"that","start":6164.75,"end":6165.07},{"text":"have","start":6165.07,"end":6165.23},{"text":"introduced","start":6165.23,"end":6165.87},{"text":"unilateral","start":6165.87,"end":6166.35},{"text":"economic","start":6166.35,"end":6166.83},{"text":"sanctions","start":6166.83,"end":6167.39},{"text":"to","start":6167.39,"end":6167.63},{"text":"immediately","start":6167.63,"end":6168.59},{"text":"lift","start":6168.75,"end":6169.15},{"text":"them.","start":6169.15,"end":6169.39}]},{"text":"Last year, at the 16th UN Conference on Trade and Development in Geneva, the Geneva Consensus was adopted, which confirmed the central role of the multilateral trade system and determined UNCTAD's priorities for the coming four years.","start":6170.43,"end":6183.47,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. 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Republic of Belarus, as an active participant in the Eurasian Economic Union and the Shanghai Cooperation Organization, firmly intends to continue its work in this 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count on Mexico as a reliable partner of multilateralism that is committed to turning consensus into well-being for all 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you very much.","start":6591.87,"end":6592.47,"topics":[],"words":[{"text":"Thank","start":6591.87,"end":6592.07},{"text":"you","start":6592.07,"end":6592.15},{"text":"very","start":6592.15,"end":6592.31},{"text":"much.","start":6592.31,"end":6592.47}]}]}],"speaker":{"affiliation":"MEX","group":null,"function":null,"affiliation_full":"Mexico"}},{"statement_number":47,"start":6594.59,"pageUrl":"/en/ga/c2/81/7?t=1:49:55","paragraphs":[{"sentences":[{"text":"I thank the representative of Mexico.","start":6594.59,"end":6596.75,"topics":[],"words":[{"text":"I","start":6594.59,"end":6594.83},{"text":"thank","start":6594.83,"end":6595.03},{"text":"the","start":6595.03,"end":6595.11},{"text":"representative","start":6595.11,"end":6595.79},{"text":"of","start":6595.83,"end":6596.03},{"text":"Mexico.","start":6596.03,"end":6596.75}]},{"text":"I now give the floor to the distinguished representative of 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Chair.","start":6603.95,"end":6604.99,"topics":[],"words":[{"text":"Thank","start":6603.95,"end":6604.11},{"text":"you,","start":6604.11,"end":6604.23},{"text":"Mr.","start":6604.23,"end":6604.51},{"text":"Chair.","start":6604.51,"end":6604.99}]},{"text":"Indonesia aligns itself with the statement delivered on behalf of the G77 and China, as well as ASEAN, and wishes to add the following in our national 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report highlight growing global uncertainty, geopolitical tensions, high borrowing costs, debt vulnerabilities, declining development assistance, and increasing geo-economic fragmentation.","start":6614.19,"end":6624.75,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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At the same time, they warned about unequal access, concentration of AI investment, digital divides, and the need for better skills, regulation, and intellectual property frameworks."}],"words":[{"text":"This","start":6721.15,"end":6721.47},{"text":"require","start":6721.47,"end":6721.87},{"text":"greater","start":6721.87,"end":6722.27},{"text":"access","start":6722.27,"end":6722.67},{"text":"to","start":6722.67,"end":6722.75},{"text":"finance,","start":6722.75,"end":6723.31},{"text":"markets,","start":6723.31,"end":6723.83},{"text":"technology,","start":6723.83,"end":6724.39},{"text":"and","start":6724.39,"end":6724.91},{"text":"intellectual","start":6725.15,"end":6725.79},{"text":"property-based","start":6725.79,"end":6726.51},{"text":"financing","start":6726.51,"end":6727.15},{"text":"for","start":6727.31,"end":6727.71},{"text":"creative","start":6728.55,"end":6729.15},{"text":"industry,","start":6729.15,"end":6729.79},{"text":"particularly","start":6729.79,"end":6730.35},{"text":"in","start":6730.35,"end":6730.43},{"text":"developing","start":6730.43,"end":6730.83},{"text":"countries.","start":6730.83,"end":6731.39}]},{"text":"And in this period, Indonesia will update the General Assembly resolution entitled Promoting Creative Economy for Sustainable Development, ensuring its relevance to the evolving global economic landscape.","start":6731.55,"end":6741.31,"topics":[{"key":"digital-creative-economy","label":"Digital and Creative Economy","description":"Speakers highlighted digital transformation, artificial intelligence, and the creative economy as emerging drivers of growth, jobs, and inclusion. 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Yemen.","start":6755.35,"end":6759.19,"topics":[],"words":[{"text":"I","start":6755.35,"end":6755.67},{"text":"now","start":6755.67,"end":6755.87},{"text":"give","start":6755.87,"end":6755.99},{"text":"the","start":6755.99,"end":6756.15},{"text":"floor","start":6756.15,"end":6756.39},{"text":"to","start":6756.39,"end":6756.51},{"text":"the","start":6756.51,"end":6756.59},{"text":"distinguished","start":6756.59,"end":6757.27},{"text":"representative","start":6757.27,"end":6758.07},{"text":"of","start":6758.07,"end":6758.55},{"text":"Yemen.","start":6758.63,"end":6759.19}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":50,"start":6764.51,"pageUrl":"/en/ga/c2/81/7?t=1:52:45","paragraphs":[{"sentences":[{"text":"Thank you, Mr. Chair.","start":6764.51,"end":6765.95,"topics":[],"words":[{"text":"Thank","start":6764.51,"end":6764.75},{"text":"you,","start":6764.75,"end":6764.99},{"text":"Mr.","start":6765.15,"end":6765.55},{"text":"Chair.","start":6765.55,"end":6765.95}]},{"text":"My delegation aligns itself with the statement delivered on behalf of the G77 and China and the Arab Group, as well as the LDCs, and we would like to add the following in our national 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discussion today takes place in an international economic context marked by growing pressure on developing economies, not only as a result of external shocks, but also due to structural imbalances in the international economic and financial system, the rising cost of capital, shrinking fiscal space, budgetary space, growing debt burdens, widening financing gap for financing the SDGs.","start":6776.27,"end":6798.35,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."},{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"We","start":6798.35,"end":6798.51},{"text":"believe","start":6798.51,"end":6798.79},{"text":"that","start":6798.79,"end":6799.03},{"text":"to","start":6799.03,"end":6799.11},{"text":"overcome","start":6799.11,"end":6799.39},{"text":"these","start":6799.39,"end":6799.55},{"text":"challenges,","start":6799.55,"end":6800.11},{"text":"an","start":6800.11,"end":6800.19},{"text":"integrated","start":6800.19,"end":6800.83},{"text":"approach","start":6800.83,"end":6801.15},{"text":"to","start":6801.15,"end":6801.27},{"text":"financing","start":6801.27,"end":6801.79},{"text":"for","start":6801.79,"end":6801.91},{"text":"development","start":6801.91,"end":6802.43},{"text":"is","start":6802.43,"end":6802.59},{"text":"needed","start":6802.59,"end":6802.99},{"text":"that","start":6803.31,"end":6803.47},{"text":"establishes","start":6803.47,"end":6803.95},{"text":"a","start":6803.95,"end":6803.99},{"text":"link","start":6803.99,"end":6804.27},{"text":"between","start":6804.27,"end":6804.67},{"text":"macroeconomic","start":6804.67,"end":6805.43},{"text":"stability,","start":6805.43,"end":6805.95},{"text":"trade","start":6805.95,"end":6806.19},{"text":"and","start":6806.19,"end":6806.31},{"text":"investment,","start":6806.31,"end":6806.99},{"text":"debt","start":6806.99,"end":6807.23},{"text":"sustainability,","start":6807.23,"end":6808.11},{"text":"domestic","start":6808.35,"end":6808.83},{"text":"resource","start":6808.83,"end":6809.15},{"text":"mobilization,","start":6809.15,"end":6809.95},{"text":"and","start":6810.19,"end":6810.39},{"text":"international","start":6810.39,"end":6810.91},{"text":"tax","start":6810.91,"end":6811.23},{"text":"cooperation.","start":6811.23,"end":6812.03}]},{"text":"One of the fundamental challenges facing developing countries is the widening gap between their investment needs and the cost of the financing available to them.","start":6812.27,"end":6820.99,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"One","start":6812.27,"end":6812.67},{"text":"of","start":6812.67,"end":6812.91},{"text":"the","start":6812.91,"end":6813.15},{"text":"fundamental","start":6813.23,"end":6813.95},{"text":"challenges","start":6813.95,"end":6814.51},{"text":"facing","start":6814.51,"end":6814.83},{"text":"developing","start":6814.83,"end":6815.35},{"text":"countries","start":6815.35,"end":6815.87},{"text":"is","start":6815.87,"end":6816.03},{"text":"the","start":6816.03,"end":6816.11},{"text":"widening","start":6816.11,"end":6816.59},{"text":"gap","start":6816.59,"end":6816.95},{"text":"between","start":6816.95,"end":6817.31},{"text":"their","start":6817.31,"end":6817.47},{"text":"investment","start":6817.47,"end":6818.03},{"text":"needs","start":6818.03,"end":6818.35},{"text":"and","start":6818.67,"end":6818.91},{"text":"the","start":6818.91,"end":6818.99},{"text":"cost","start":6818.99,"end":6819.39},{"text":"of","start":6819.39,"end":6819.47},{"text":"the","start":6819.47,"end":6819.63},{"text":"financing","start":6819.63,"end":6820.07},{"text":"available","start":6820.07,"end":6820.51},{"text":"to","start":6820.51,"end":6820.67},{"text":"them.","start":6820.67,"end":6820.99}]},{"text":"Therefore, increasing the volume of financing alone is not enough.","start":6821.47,"end":6824.39,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Therefore,","start":6821.47,"end":6822.11},{"text":"increasing","start":6822.11,"end":6822.55},{"text":"the","start":6822.55,"end":6822.63},{"text":"volume","start":6822.63,"end":6822.91},{"text":"of","start":6822.91,"end":6822.99},{"text":"financing","start":6822.99,"end":6823.39},{"text":"alone","start":6823.39,"end":6823.71},{"text":"is","start":6823.71,"end":6823.87},{"text":"not","start":6823.87,"end":6824.03},{"text":"enough.","start":6824.03,"end":6824.39}]},{"text":"It is also necessary to address financing terms, costs and accessibility.","start":6824.67,"end":6829.07,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"We","start":6829.31,"end":6829.51},{"text":"underscore","start":6829.51,"end":6829.87},{"text":"the","start":6829.87,"end":6829.99},{"text":"importance","start":6829.99,"end":6830.43},{"text":"of","start":6830.43,"end":6830.51},{"text":"strengthening","start":6830.51,"end":6830.99},{"text":"concessional,","start":6830.99,"end":6831.63},{"text":"long-term,","start":6831.87,"end":6832.39},{"text":"predictable","start":6832.39,"end":6832.87},{"text":"financing,","start":6832.87,"end":6833.47},{"text":"expanding","start":6833.47,"end":6834.03},{"text":"guarantee","start":6834.03,"end":6834.67},{"text":"and","start":6834.67,"end":6834.83},{"text":"risk-sharing","start":6834.83,"end":6835.43},{"text":"instruments,","start":6835.43,"end":6835.95},{"text":"and","start":6836.27,"end":6836.55},{"text":"enhancing","start":6836.55,"end":6837.23},{"text":"the","start":6837.23,"end":6837.31},{"text":"capacity","start":6837.31,"end":6837.83},{"text":"of","start":6837.83,"end":6837.91},{"text":"multilateral","start":6837.91,"end":6838.51},{"text":"development","start":6838.51,"end":6838.95},{"text":"banks","start":6838.95,"end":6839.47},{"text":"to","start":6840.43,"end":6840.83},{"text":"reduce","start":6841.23,"end":6842.11},{"text":"the","start":6842.11,"end":6842.35},{"text":"cost","start":6842.35,"end":6842.79},{"text":"of","start":6842.79,"end":6842.91},{"text":"capital","start":6842.91,"end":6843.47},{"text":"and","start":6843.47,"end":6843.71},{"text":"support","start":6843.71,"end":6844.19},{"text":"investment","start":6844.19,"end":6844.75},{"text":"in","start":6844.75,"end":6844.99},{"text":"the","start":6844.99,"end":6845.07},{"text":"most","start":6845.07,"end":6845.31},{"text":"vulnerable","start":6845.31,"end":6845.71},{"text":"economies.","start":6845.71,"end":6846.43}]},{"text":"With regard to debt, we need an approach that places debt sustainability at the heart of international efforts.","start":6846.75,"end":6852.91,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"With","start":6846.75,"end":6846.99},{"text":"regard","start":6846.99,"end":6847.23},{"text":"to","start":6847.23,"end":6847.39},{"text":"debt,","start":6847.39,"end":6847.71},{"text":"we","start":6847.71,"end":6847.87},{"text":"need","start":6847.87,"end":6848.11},{"text":"an","start":6848.11,"end":6848.19},{"text":"approach","start":6848.19,"end":6848.59},{"text":"that","start":6848.59,"end":6848.79},{"text":"places","start":6848.79,"end":6849.23},{"text":"debt","start":6849.23,"end":6849.63},{"text":"sustainability","start":6849.63,"end":6850.67},{"text":"at","start":6850.83,"end":6851.07},{"text":"the","start":6851.07,"end":6851.19},{"text":"heart","start":6851.19,"end":6851.55},{"text":"of","start":6851.55,"end":6851.63},{"text":"international","start":6851.63,"end":6852.27},{"text":"efforts.","start":6852.27,"end":6852.91}]},{"text":"Debt servicing and borrowing costs should not diminish the resources needed for investment in human capital, infrastructure and productive capacities.","start":6853.55,"end":6861.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"Debt","start":6853.55,"end":6853.71},{"text":"servicing","start":6853.71,"end":6854.11},{"text":"and","start":6854.11,"end":6854.23},{"text":"borrowing","start":6854.23,"end":6854.59},{"text":"costs","start":6854.59,"end":6855.15},{"text":"should","start":6855.15,"end":6855.31},{"text":"not","start":6855.31,"end":6855.63},{"text":"diminish","start":6855.63,"end":6856.11},{"text":"the","start":6856.11,"end":6856.23},{"text":"resources","start":6856.23,"end":6856.75},{"text":"needed","start":6856.75,"end":6857.15},{"text":"for","start":6857.15,"end":6857.39},{"text":"investment","start":6857.39,"end":6857.95},{"text":"in","start":6857.95,"end":6858.19},{"text":"human","start":6858.19,"end":6858.51},{"text":"capital,","start":6858.51,"end":6858.99},{"text":"infrastructure","start":6859.15,"end":6859.87},{"text":"and","start":6859.95,"end":6860.19},{"text":"productive","start":6860.19,"end":6860.75},{"text":"capacities.","start":6860.75,"end":6861.55}]},{"text":"Strengthening domestic resource mobilization also remains essential.","start":6861.87,"end":6865.47,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"Strengthening","start":6861.87,"end":6862.51},{"text":"domestic","start":6862.59,"end":6863.15},{"text":"resource","start":6863.15,"end":6863.47},{"text":"mobilization","start":6863.47,"end":6864.19},{"text":"also","start":6864.19,"end":6864.47},{"text":"remains","start":6864.47,"end":6864.79},{"text":"essential.","start":6864.79,"end":6865.47}]},{"text":"However, it must be accompanied by more effective international cooperation to combat illicit financial flows, recover assets, enhance international tax cooperation and build institutional capacities in developing countries.","start":6865.47,"end":6878.59,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"However,","start":6865.47,"end":6865.95},{"text":"it","start":6866.27,"end":6866.43},{"text":"must","start":6866.43,"end":6866.91},{"text":"be","start":6867.07,"end":6867.27},{"text":"accompanied","start":6867.27,"end":6867.71},{"text":"by","start":6867.71,"end":6867.87},{"text":"more","start":6867.87,"end":6868.07},{"text":"effective","start":6868.07,"end":6868.35},{"text":"international","start":6868.35,"end":6869.03},{"text":"cooperation","start":6869.03,"end":6869.63},{"text":"to","start":6869.63,"end":6869.79},{"text":"combat","start":6869.79,"end":6870.19},{"text":"illicit","start":6870.19,"end":6870.55},{"text":"financial","start":6870.55,"end":6870.99},{"text":"flows,","start":6870.99,"end":6871.39},{"text":"recover","start":6871.71,"end":6872.11},{"text":"assets,","start":6872.11,"end":6872.67},{"text":"enhance","start":6872.91,"end":6873.39},{"text":"international","start":6873.39,"end":6873.95},{"text":"tax","start":6873.95,"end":6874.19},{"text":"cooperation","start":6874.19,"end":6874.91},{"text":"and","start":6875.31,"end":6875.63},{"text":"build","start":6875.63,"end":6876.03},{"text":"institutional","start":6876.03,"end":6876.75},{"text":"capacities","start":6876.75,"end":6877.47},{"text":"in","start":6877.47,"end":6877.63},{"text":"developing","start":6877.63,"end":6878.03},{"text":"countries.","start":6878.03,"end":6878.59}]},{"text":"Mr. Chair, in the area of trade and investment, the challenge for the LDCs is not limited to market access, it also concerns possessing the productive capacities, infrastructure, and technology that allow them to fully benefit from this access.","start":6878.91,"end":6892.35,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. 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From El Salvador, Debates on macroeconomic policy and finance must be based on a simple premise: stability is essential, but its true value resides in making it into investment, productivity and better opportunities for our population.","start":6950.39,"end":6966.39,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. 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This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"We","start":7184.11,"end":7184.27},{"text":"remain","start":7184.27,"end":7184.59},{"text":"committed","start":7184.59,"end":7185.15},{"text":"to","start":7185.23,"end":7185.39},{"text":"net","start":7185.39,"end":7185.55},{"text":"zero","start":7185.55,"end":7185.83},{"text":"emissions","start":7185.83,"end":7186.31},{"text":"by","start":7186.31,"end":7186.43},{"text":"2050,","start":7186.43,"end":7187.23},{"text":"supported","start":7187.31,"end":7187.91},{"text":"by","start":7187.91,"end":7188.03},{"text":"instruments","start":7188.03,"end":7188.71},{"text":"such","start":7188.71,"end":7188.99},{"text":"as","start":7188.99,"end":7189.15},{"text":"green","start":7189.15,"end":7189.39},{"text":"sukuk","start":7189.39,"end":7189.87},{"text":"and","start":7190.19,"end":7190.43},{"text":"SDG","start":7190.43,"end":7190.91},{"text":"bonds.","start":7190.91,"end":7191.47}]},{"text":"Chair, a fair, rule-based, multilateral trading system remains an engine of inclusive growth.","start":7191.91,"end":7197.11,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."}],"words":[{"text":"Chair,","start":7191.91,"end":7192.31},{"text":"a","start":7192.79,"end":7192.87},{"text":"fair,","start":7192.87,"end":7193.39},{"text":"rule-based,","start":7193.39,"end":7193.91},{"text":"multilateral","start":7193.91,"end":7194.51},{"text":"trading","start":7194.51,"end":7194.83},{"text":"system","start":7194.83,"end":7195.19},{"text":"remains","start":7195.19,"end":7195.55},{"text":"an","start":7195.55,"end":7195.63},{"text":"engine","start":7195.63,"end":7196.07},{"text":"of","start":7196.07,"end":7196.23},{"text":"inclusive","start":7196.23,"end":7196.79},{"text":"growth.","start":7196.79,"end":7197.11}]},{"text":"Malaysia will continue to champion South-South and triangular cooperation.","start":7197.51,"end":7201.03,"topics":[],"words":[{"text":"Malaysia","start":7197.51,"end":7197.91},{"text":"will","start":7197.91,"end":7198.07},{"text":"continue","start":7198.07,"end":7198.47},{"text":"to","start":7198.47,"end":7198.55},{"text":"champion","start":7198.55,"end":7199.11},{"text":"South-South","start":7199.11,"end":7199.71},{"text":"and","start":7199.71,"end":7199.87},{"text":"triangular","start":7199.87,"end":7200.31},{"text":"cooperation.","start":7200.31,"end":7201.03}]},{"text":"We also stand ready to work with all partners towards a global financial system that leaves no one behind.","start":7201.51,"end":7206.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"We","start":7201.51,"end":7201.63},{"text":"also","start":7201.63,"end":7201.87},{"text":"stand","start":7201.87,"end":7202.15},{"text":"ready","start":7202.15,"end":7202.39},{"text":"to","start":7202.39,"end":7202.51},{"text":"work","start":7202.51,"end":7202.67},{"text":"with","start":7202.67,"end":7202.79},{"text":"all","start":7202.79,"end":7202.95},{"text":"partners","start":7202.95,"end":7203.43},{"text":"towards","start":7203.43,"end":7203.75},{"text":"a","start":7203.75,"end":7203.83},{"text":"global","start":7203.83,"end":7204.23},{"text":"financial","start":7204.23,"end":7204.67},{"text":"system","start":7204.67,"end":7205.19},{"text":"that","start":7205.19,"end":7205.39},{"text":"leaves","start":7205.39,"end":7205.63},{"text":"no","start":7205.63,"end":7205.79},{"text":"one","start":7205.79,"end":7205.95},{"text":"behind.","start":7205.95,"end":7206.39}]},{"text":"I thank you.","start":7206.71,"end":7207.11,"topics":[],"words":[{"text":"I","start":7206.71,"end":7206.75},{"text":"thank","start":7206.75,"end":7207.03},{"text":"you.","start":7207.03,"end":7207.11}]}]}],"speaker":{"affiliation":"MYS","group":null,"function":null,"affiliation_full":"Malaysia"}},{"statement_number":55,"start":7209.35,"pageUrl":"/en/ga/c2/81/7?t=2:00:10","paragraphs":[{"sentences":[{"text":"I thank the representative of Malaysia.","start":7209.35,"end":7211.35,"topics":[],"words":[{"text":"I","start":7209.35,"end":7209.51},{"text":"thank","start":7209.59,"end":7209.83},{"text":"the","start":7209.83,"end":7209.91},{"text":"representative","start":7209.91,"end":7210.63},{"text":"of","start":7210.63,"end":7210.71},{"text":"Malaysia.","start":7210.71,"end":7211.35}]},{"text":"I now give the floor to the distinguished representative of Lao People's Democratic Republic.","start":7211.99,"end":7216.47,"topics":[],"words":[{"text":"I","start":7211.99,"end":7212.15},{"text":"now","start":7212.15,"end":7212.35},{"text":"give","start":7212.35,"end":7212.47},{"text":"the","start":7212.47,"end":7212.63},{"text":"floor","start":7212.63,"end":7213.03},{"text":"to","start":7213.03,"end":7213.15},{"text":"the","start":7213.15,"end":7213.23},{"text":"distinguished","start":7213.23,"end":7213.71},{"text":"representative","start":7213.71,"end":7214.39},{"text":"of","start":7214.39,"end":7214.71},{"text":"Lao","start":7214.79,"end":7215.11},{"text":"People's","start":7215.11,"end":7215.55},{"text":"Democratic","start":7215.55,"end":7215.99},{"text":"Republic.","start":7215.99,"end":7216.47}]},{"text":"Mike to Laos, please.","start":7229.83,"end":7231.27,"topics":[],"words":[{"text":"Mike","start":7229.83,"end":7230.23},{"text":"to","start":7230.23,"end":7230.31},{"text":"Laos,","start":7230.31,"end":7230.71},{"text":"please.","start":7230.71,"end":7231.27}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":56,"start":7232.31,"pageUrl":"/en/ga/c2/81/7?t=2:00:33","paragraphs":[{"sentences":[{"text":"Thank you, Chair. The Lao PDR aligns its statement with the ones delivered on behalf of the Group of 77 and China, ASEAN and LDCs.","start":7232.31,"end":7239.35,"topics":[],"words":[{"text":"Thank","start":7232.31,"end":7232.47},{"text":"you,","start":7232.47,"end":7232.59},{"text":"Chair.","start":7232.59,"end":7232.87},{"text":"The","start":7233.51,"end":7233.67},{"text":"Lao","start":7233.67,"end":7233.75},{"text":"PDR","start":7233.75,"end":7234.07},{"text":"aligns","start":7234.07,"end":7234.39},{"text":"its","start":7234.55,"end":7234.75},{"text":"statement","start":7234.75,"end":7235.19},{"text":"with","start":7235.19,"end":7235.39},{"text":"the","start":7235.39,"end":7235.51},{"text":"ones","start":7235.51,"end":7235.91},{"text":"delivered","start":7235.91,"end":7236.23},{"text":"on","start":7236.23,"end":7236.31},{"text":"behalf","start":7236.31,"end":7236.63},{"text":"of","start":7236.63,"end":7236.71},{"text":"the","start":7236.71,"end":7236.79},{"text":"Group","start":7236.79,"end":7236.99},{"text":"of","start":7236.99,"end":7237.07},{"text":"77","start":7237.07,"end":7237.63},{"text":"and","start":7237.63,"end":7237.75},{"text":"China,","start":7237.75,"end":7238.23},{"text":"ASEAN","start":7238.23,"end":7238.59},{"text":"and","start":7238.59,"end":7238.75},{"text":"LDCs.","start":7238.75,"end":7239.35}]},{"text":"We welcome this discussion to follow up on the FfD4 outcome and advance the 2030 Agenda.","start":7240.23,"end":7245.67,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Despite","start":7329.31,"end":7329.71},{"text":"the","start":7329.71,"end":7329.79},{"text":"commitment","start":7329.79,"end":7330.35},{"text":"we","start":7330.51,"end":7330.67},{"text":"have,","start":7330.67,"end":7331.07},{"text":"predictable","start":7331.95,"end":7332.43},{"text":"and","start":7332.43,"end":7332.59},{"text":"continued","start":7332.59,"end":7332.99},{"text":"international","start":7332.99,"end":7333.55},{"text":"support","start":7333.55,"end":7333.95},{"text":"remains","start":7334.03,"end":7334.51},{"text":"indispensable,","start":7334.51,"end":7335.47},{"text":"particularly","start":7335.71,"end":7336.35},{"text":"during","start":7336.35,"end":7336.67},{"text":"our","start":7336.67,"end":7336.79},{"text":"transition","start":7336.79,"end":7337.31},{"text":"from","start":7337.31,"end":7337.55},{"text":"the","start":7337.55,"end":7337.67},{"text":"LDC","start":7337.67,"end":7338.23},{"text":"status.","start":7338.23,"end":7338.67}]},{"text":"In this light, we seek sustained access to concessional and long-term finance and increased investments, among others.","start":7339.83,"end":7347.43,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"This","start":7367.75,"end":7367.87},{"text":"includes","start":7367.87,"end":7368.35},{"text":"stronger","start":7368.35,"end":7368.79},{"text":"representation","start":7368.79,"end":7369.63},{"text":"and","start":7370.19,"end":7370.43},{"text":"more","start":7370.43,"end":7370.67},{"text":"transparent,","start":7370.67,"end":7371.23},{"text":"predictable,","start":7371.23,"end":7371.87},{"text":"and","start":7371.87,"end":7372.07},{"text":"effective","start":7372.07,"end":7372.59},{"text":"approaches","start":7372.67,"end":7373.31},{"text":"to","start":7373.31,"end":7373.63},{"text":"address","start":7373.63,"end":7374.03},{"text":"debt","start":7374.47,"end":7374.75},{"text":"vulnerabilities","start":7374.87,"end":7375.79},{"text":"and","start":7375.79,"end":7376.15},{"text":"other","start":7376.15,"end":7376.43},{"text":"financing","start":7376.43,"end":7376.99},{"text":"challenges.","start":7377.55,"end":7378.19}]},{"text":"In conclusion, Chair, the LOPIDA look forward to enhanced global partnership and international cooperation to ensure that developing countries have the policy space, resources, and enabling international environment that is necessary to translate existing commitments into tangible development outcomes.","start":7378.95,"end":7398.63,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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The Philippines aligns itself with a statement delivered by the G77 and China and ASEAN.","start":7410.39,"end":7416.19,"topics":[],"words":[{"text":"Mr.","start":7410.39,"end":7410.63},{"text":"Chair.","start":7410.63,"end":7411.11},{"text":"The","start":7411.55,"end":7411.67},{"text":"Philippines","start":7411.67,"end":7412.11},{"text":"aligns","start":7412.11,"end":7412.39},{"text":"itself","start":7412.39,"end":7412.87},{"text":"with","start":7412.87,"end":7412.99},{"text":"a","start":7412.99,"end":7413.07},{"text":"statement","start":7413.07,"end":7413.51},{"text":"delivered","start":7413.51,"end":7413.95},{"text":"by","start":7413.95,"end":7414.07},{"text":"the","start":7414.07,"end":7414.19},{"text":"G77","start":7414.19,"end":7414.95},{"text":"and","start":7414.95,"end":7415.07},{"text":"China","start":7415.07,"end":7415.35},{"text":"and","start":7415.35,"end":7415.59},{"text":"ASEAN.","start":7415.59,"end":7416.19}]},{"text":"Reports for this session agree on common trends.","start":7416.51,"end":7418.99,"topics":[],"words":[{"text":"Reports","start":7416.51,"end":7416.99},{"text":"for","start":7416.99,"end":7417.19},{"text":"this","start":7417.19,"end":7417.35},{"text":"session","start":7417.35,"end":7417.67},{"text":"agree","start":7417.67,"end":7417.99},{"text":"on","start":7417.99,"end":7418.11},{"text":"common","start":7418.11,"end":7418.43},{"text":"trends.","start":7418.43,"end":7418.99}]},{"text":"The global macroeconomic and geopolitical environment remains extraordinarily challenging, exacerbating a financing squeeze for developing countries.","start":7419.23,"end":7427.63,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"However,","start":7449.83,"end":7450.31},{"text":"there","start":7450.31,"end":7450.47},{"text":"is","start":7450.47,"end":7450.63},{"text":"progress","start":7450.63,"end":7451.07},{"text":"we","start":7451.07,"end":7451.19},{"text":"should","start":7451.19,"end":7451.31},{"text":"recognize","start":7451.31,"end":7451.91},{"text":"across","start":7451.91,"end":7452.31},{"text":"all","start":7452.31,"end":7452.55},{"text":"action","start":7452.55,"end":7452.95},{"text":"areas","start":7452.95,"end":7453.43},{"text":"of","start":7453.43,"end":7453.51},{"text":"the","start":7453.51,"end":7453.59},{"text":"Ceville","start":7453.59,"end":7453.91},{"text":"commitment.","start":7453.91,"end":7454.51}]},{"text":"We should build on this momentum for this session.","start":7454.79,"end":7457.03,"topics":[],"words":[{"text":"We","start":7454.79,"end":7454.99},{"text":"should","start":7454.99,"end":7455.19},{"text":"build","start":7455.19,"end":7455.51},{"text":"on","start":7455.51,"end":7455.63},{"text":"this","start":7455.63,"end":7455.83},{"text":"momentum","start":7455.83,"end":7456.19},{"text":"for","start":7456.19,"end":7456.35},{"text":"this","start":7456.35,"end":7456.55},{"text":"session.","start":7456.55,"end":7457.03}]},{"text":"The Philippines highlights the following.","start":7457.27,"end":7458.95,"topics":[],"words":[{"text":"The","start":7457.27,"end":7457.43},{"text":"Philippines","start":7457.43,"end":7457.87},{"text":"highlights","start":7457.87,"end":7458.23},{"text":"the","start":7458.23,"end":7458.39},{"text":"following.","start":7458.39,"end":7458.95}]},{"text":"We should focus on strengthening institutions to scale up mobilization of domestic, public, and private resources.","start":7459.51,"end":7465.27,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Fiscal","start":7465.75,"end":7466.07},{"text":"systems","start":7466.07,"end":7466.59},{"text":"should","start":7466.59,"end":7466.75},{"text":"be","start":7466.75,"end":7466.87},{"text":"aligned","start":7466.87,"end":7467.27},{"text":"with","start":7467.27,"end":7467.47},{"text":"sustainable","start":7467.47,"end":7467.95},{"text":"development,","start":7467.95,"end":7468.63},{"text":"while","start":7469.03,"end":7469.35},{"text":"multilateral","start":7469.35,"end":7469.91},{"text":"frameworks","start":7469.91,"end":7470.51},{"text":"should","start":7470.51,"end":7470.67},{"text":"be","start":7470.67,"end":7470.79},{"text":"tailored","start":7470.79,"end":7471.19},{"text":"to","start":7471.19,"end":7471.31},{"text":"the","start":7471.31,"end":7471.39},{"text":"needs","start":7471.39,"end":7471.75},{"text":"and","start":7471.91,"end":7472.11},{"text":"priorities","start":7472.11,"end":7472.71},{"text":"of","start":7472.71,"end":7472.79},{"text":"developing","start":7472.79,"end":7473.23},{"text":"countries.","start":7473.23,"end":7473.75}]},{"text":"We should harness data as a policy tool for sustained, coherent, and integrated efforts.","start":7474.15,"end":7478.95,"topics":[],"words":[{"text":"We","start":7474.15,"end":7474.31},{"text":"should","start":7474.31,"end":7474.47},{"text":"harness","start":7474.47,"end":7474.83},{"text":"data","start":7474.83,"end":7475.11},{"text":"as","start":7475.11,"end":7475.35},{"text":"a","start":7475.35,"end":7475.39},{"text":"policy","start":7475.39,"end":7475.75},{"text":"tool","start":7475.75,"end":7476.07},{"text":"for","start":7476.07,"end":7476.19},{"text":"sustained,","start":7476.19,"end":7476.71},{"text":"coherent,","start":7477.11,"end":7477.63},{"text":"and","start":7477.63,"end":7477.75},{"text":"integrated","start":7477.75,"end":7478.31},{"text":"efforts.","start":7478.31,"end":7478.95}]},{"text":"We should be guided by this baseline in our work for this session.","start":7479.11,"end":7482.23,"topics":[],"words":[{"text":"We","start":7479.11,"end":7479.27},{"text":"should","start":7479.27,"end":7479.43},{"text":"be","start":7479.43,"end":7479.59},{"text":"guided","start":7479.59,"end":7479.99},{"text":"by","start":7479.99,"end":7480.07},{"text":"this","start":7480.07,"end":7480.23},{"text":"baseline","start":7480.23,"end":7480.75},{"text":"in","start":7480.75,"end":7480.83},{"text":"our","start":7480.83,"end":7481.03},{"text":"work","start":7481.03,"end":7481.27},{"text":"for","start":7481.27,"end":7481.51},{"text":"this","start":7481.51,"end":7481.71},{"text":"session.","start":7481.71,"end":7482.23}]},{"text":"Much work is needed on delivering reforms of the international financial architecture.","start":7482.63,"end":7486.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Much","start":7482.63,"end":7482.79},{"text":"work","start":7482.79,"end":7483.03},{"text":"is","start":7483.03,"end":7483.11},{"text":"needed","start":7483.11,"end":7483.43},{"text":"on","start":7483.43,"end":7483.59},{"text":"delivering","start":7483.59,"end":7483.99},{"text":"reforms","start":7483.99,"end":7484.59},{"text":"of","start":7484.59,"end":7484.67},{"text":"the","start":7484.67,"end":7484.75},{"text":"international","start":7484.75,"end":7485.27},{"text":"financial","start":7485.27,"end":7485.63},{"text":"architecture.","start":7485.63,"end":7486.39}]},{"text":"We look forward to advancing the intergovernmental process at the UN to close gaps in the debt architecture and exploring options to address debt sustainability.","start":7486.79,"end":7495.63,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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our national capacity, we wish to underscore the importance of strengthening a fairer, more inclusive, and rules-based international economic system.","start":7570.47,"end":7578.67,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. 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Rwanda.","start":7708.95,"end":7712.23,"topics":[],"words":[{"text":"I","start":7708.95,"end":7709.19},{"text":"now","start":7709.19,"end":7709.35},{"text":"give","start":7709.35,"end":7709.51},{"text":"the","start":7709.51,"end":7709.59},{"text":"floor","start":7709.59,"end":7709.91},{"text":"to","start":7709.91,"end":7709.99},{"text":"the","start":7709.99,"end":7710.07},{"text":"Distinguished","start":7710.07,"end":7710.55},{"text":"Representative","start":7710.55,"end":7711.27},{"text":"of","start":7711.27,"end":7711.59},{"text":"Rwanda.","start":7711.67,"end":7712.23}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":62,"start":7714.07,"pageUrl":"/en/ga/c2/81/7?t=2:08:35","paragraphs":[{"sentences":[{"text":"Thank you, Chair.","start":7714.07,"end":7714.87,"topics":[],"words":[{"text":"Thank","start":7714.07,"end":7714.31},{"text":"you,","start":7714.31,"end":7714.39},{"text":"Chair.","start":7714.39,"end":7714.87}]},{"text":"Rwanda aligns itself with the statements delivered on behalf of the G77 and China and the LDCs and the African Group and wishes to make the following remarks in our national 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for Rwanda, we are living attention that many small developing countries are facing.","start":7727.55,"end":7732.51,"topics":[],"words":[{"text":"Chair,","start":7727.55,"end":7727.95},{"text":"for","start":7728.19,"end":7728.59},{"text":"Rwanda,","start":7728.59,"end":7729.07},{"text":"we","start":7729.07,"end":7729.19},{"text":"are","start":7729.19,"end":7729.31},{"text":"living","start":7729.31,"end":7729.63},{"text":"attention","start":7729.63,"end":7730.07},{"text":"that","start":7730.07,"end":7730.19},{"text":"many","start":7730.19,"end":7730.51},{"text":"small","start":7730.51,"end":7730.83},{"text":"developing","start":7730.83,"end":7731.39},{"text":"countries","start":7731.39,"end":7731.83},{"text":"are","start":7731.83,"end":7731.95},{"text":"facing.","start":7731.95,"end":7732.51}]},{"text":"We are pursuing an ambitious program of national transformation through a resilient economy amidst growing decline in ODA, fragmented, unstable networks, and demanding debt 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this, our economy grew by 9.4% in 2025, with similar growth being made per quarter in 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promoting macroeconomic stability while protecting investments in our national 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economic framework combines fiscal consolidation and debt sustainability with continued investment in productive sectors, domestic manufacturing, exports, human capital, and job creation.","start":7779.63,"end":7792.35,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"We","start":7842.71,"end":7842.95},{"text":"urge","start":7842.95,"end":7843.19},{"text":"concrete","start":7843.19,"end":7843.67},{"text":"follow-through","start":7843.67,"end":7844.39},{"text":"alongside","start":7844.63,"end":7845.23},{"text":"credit","start":7845.23,"end":7845.67},{"text":"assessments","start":7845.67,"end":7846.31},{"text":"that","start":7846.31,"end":7846.47},{"text":"better","start":7846.47,"end":7846.87},{"text":"recognize","start":7846.87,"end":7847.47},{"text":"the","start":7847.47,"end":7847.59},{"text":"long-term","start":7847.59,"end":7848.23},{"text":"contribution","start":7848.23,"end":7849.03},{"text":"of","start":7849.03,"end":7849.19},{"text":"investment","start":7849.19,"end":7849.83},{"text":"to","start":7850.07,"end":7850.23},{"text":"growth","start":7850.23,"end":7850.71},{"text":"and","start":7850.79,"end":7850.95},{"text":"resilience.","start":7850.95,"end":7851.59}]},{"text":"In this regard, we urge partners to fulfill their commitments and reverse the trend in declining ODA to ensure predictable support to achieve our agreed development goals in line with national priorities.","start":7852.03,"end":7864.83,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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will continue doing its part.","start":7865.47,"end":7867.39,"topics":[],"words":[{"text":"Rwanda","start":7865.47,"end":7865.91},{"text":"will","start":7865.91,"end":7866.03},{"text":"continue","start":7866.03,"end":7866.47},{"text":"doing","start":7866.47,"end":7866.75},{"text":"its","start":7866.75,"end":7866.91},{"text":"part.","start":7866.91,"end":7867.39}]},{"text":"We expect the international system to do the same.","start":7867.39,"end":7870.19,"topics":[],"words":[{"text":"We","start":7867.39,"end":7867.51},{"text":"expect","start":7867.51,"end":7867.95},{"text":"the","start":7867.95,"end":7868.07},{"text":"international","start":7868.07,"end":7868.75},{"text":"system","start":7868.75,"end":7869.23},{"text":"to","start":7869.23,"end":7869.43},{"text":"do","start":7869.43,"end":7869.55},{"text":"the","start":7869.55,"end":7869.71},{"text":"same.","start":7869.71,"end":7870.19}]},{"text":"I thank 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year after the adoption of the Sivia commitment, it is clear that we must now move from commitments to their effective implementation.","start":7893.59,"end":7902.31,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"One","start":7893.59,"end":7893.83},{"text":"year","start":7893.83,"end":7893.95},{"text":"after","start":7893.95,"end":7894.15},{"text":"the","start":7894.15,"end":7894.23},{"text":"adoption","start":7894.23,"end":7894.59},{"text":"of","start":7894.59,"end":7894.71},{"text":"the","start":7894.71,"end":7894.91},{"text":"Sivia","start":7894.95,"end":7895.35},{"text":"commitment,","start":7895.83,"end":7896.47},{"text":"it","start":7896.55,"end":7896.79},{"text":"is","start":7896.79,"end":7896.95},{"text":"clear","start":7896.95,"end":7897.51},{"text":"that","start":7897.83,"end":7898.15},{"text":"we","start":7898.15,"end":7898.31},{"text":"must","start":7898.31,"end":7898.51},{"text":"now","start":7898.51,"end":7898.87},{"text":"move","start":7898.87,"end":7899.27},{"text":"from","start":7899.27,"end":7899.51},{"text":"commitments","start":7899.51,"end":7900.39},{"text":"to","start":7900.39,"end":7900.71},{"text":"their","start":7900.71,"end":7901.07},{"text":"effective","start":7901.07,"end":7901.55},{"text":"implementation.","start":7901.55,"end":7902.31}]},{"text":"As we approach 2030, the development financing gap remains considerable.","start":7902.71,"end":7907.91,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"As","start":7902.71,"end":7902.87},{"text":"we","start":7902.87,"end":7902.95},{"text":"approach","start":7902.95,"end":7903.19},{"text":"2030,","start":7903.19,"end":7903.95},{"text":"the","start":7904.47,"end":7904.67},{"text":"development","start":7905.47,"end":7905.91},{"text":"financing","start":7905.91,"end":7906.47},{"text":"gap","start":7906.47,"end":7906.79},{"text":"remains","start":7906.79,"end":7907.11},{"text":"considerable.","start":7907.11,"end":7907.91}]},{"text":"while developing countries, in particular vulnerable countries and LDCs, continue to face increasing financial constraints.","start":7908.31,"end":7916.19,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"while","start":7908.31,"end":7908.67},{"text":"developing","start":7908.67,"end":7909.07},{"text":"countries,","start":7909.07,"end":7909.71},{"text":"in","start":7909.87,"end":7909.95},{"text":"particular","start":7909.95,"end":7910.39},{"text":"vulnerable","start":7910.39,"end":7910.79},{"text":"countries","start":7910.79,"end":7911.19},{"text":"and","start":7911.19,"end":7911.35},{"text":"LDCs,","start":7911.35,"end":7912.03},{"text":"continue","start":7912.43,"end":7912.99},{"text":"to","start":7912.99,"end":7913.11},{"text":"face","start":7913.11,"end":7913.55},{"text":"increasing","start":7914.51,"end":7915.07},{"text":"financial","start":7915.07,"end":7915.47},{"text":"constraints.","start":7915.47,"end":7916.19}]},{"text":"Allow me to mention five priority messages from Burundi.","start":7916.67,"end":7920.03,"topics":[],"words":[{"text":"Allow","start":7916.67,"end":7916.87},{"text":"me","start":7916.87,"end":7917.15},{"text":"to","start":7917.15,"end":7917.47},{"text":"mention","start":7917.55,"end":7918.03},{"text":"five","start":7918.03,"end":7918.59},{"text":"priority","start":7918.59,"end":7919.03},{"text":"messages","start":7919.03,"end":7919.43},{"text":"from","start":7919.43,"end":7919.59},{"text":"Burundi.","start":7919.59,"end":7920.03}]},{"text":"First of all, poverty eradication must remain at the heart of development financing.","start":7920.03,"end":7924.75,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"The","start":7945.19,"end":7945.43},{"text":"decrease","start":7945.43,"end":7945.83},{"text":"in","start":7945.83,"end":7946.39},{"text":"ODA,","start":7946.39,"end":7946.67},{"text":"in","start":7946.67,"end":7947.35},{"text":"conjunction","start":7947.99,"end":7948.47},{"text":"with","start":7948.47,"end":7948.67},{"text":"the","start":7948.67,"end":7948.75},{"text":"increase","start":7948.75,"end":7949.27},{"text":"in","start":7949.27,"end":7949.67},{"text":"the","start":7949.67,"end":7949.75},{"text":"cost","start":7949.75,"end":7950.07},{"text":"of","start":7950.07,"end":7950.15},{"text":"energy,","start":7950.15,"end":7950.71},{"text":"is","start":7950.71,"end":7950.87},{"text":"reducing","start":7950.87,"end":7951.75},{"text":"the","start":7952.63,"end":7952.83},{"text":"budgetary","start":7953.35,"end":7953.87},{"text":"space","start":7953.87,"end":7954.03},{"text":"that","start":7954.03,"end":7954.15},{"text":"is","start":7954.15,"end":7954.27},{"text":"essential","start":7954.27,"end":7954.55},{"text":"for","start":7954.55,"end":7954.67},{"text":"development.","start":7954.67,"end":7955.11}]},{"text":"BRUNDI therefore calls for the rapid implementation of the Ceville Ceville commitments, especially with regard to financial financing and mechanisms that will make possible to preserve the budgetary space of vulnerable countries.","start":7955.11,"end":7965.55,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"BRUNDI","start":7955.11,"end":7955.99},{"text":"therefore","start":7955.99,"end":7956.23},{"text":"calls","start":7956.23,"end":7956.55},{"text":"for","start":7956.55,"end":7956.91},{"text":"the","start":7956.91,"end":7957.07},{"text":"rapid","start":7957.07,"end":7957.35},{"text":"implementation","start":7957.35,"end":7957.95},{"text":"of","start":7957.95,"end":7958.07},{"text":"the","start":7958.07,"end":7958.19},{"text":"Ceville","start":7958.19,"end":7958.71},{"text":"Ceville","start":7958.71,"end":7959.03},{"text":"commitments,","start":7959.03,"end":7959.59},{"text":"especially","start":7959.83,"end":7960.23},{"text":"with","start":7960.23,"end":7960.35},{"text":"regard","start":7960.35,"end":7960.59},{"text":"to","start":7960.59,"end":7960.67},{"text":"financial","start":7960.67,"end":7961.11},{"text":"financing","start":7961.11,"end":7961.79},{"text":"and","start":7961.79,"end":7961.91},{"text":"mechanisms","start":7961.91,"end":7962.31},{"text":"that","start":7962.31,"end":7962.43},{"text":"will","start":7962.43,"end":7962.55},{"text":"make","start":7962.55,"end":7962.71},{"text":"possible","start":7962.71,"end":7962.99},{"text":"to","start":7962.99,"end":7963.11},{"text":"preserve","start":7963.67,"end":7964.07},{"text":"the","start":7964.07,"end":7964.15},{"text":"budgetary","start":7964.15,"end":7964.47},{"text":"space","start":7964.47,"end":7964.71},{"text":"of","start":7964.71,"end":7964.79},{"text":"vulnerable","start":7964.79,"end":7965.23},{"text":"countries.","start":7965.23,"end":7965.55}]},{"text":"Thirdly, Debt solutions must preserve investments in development.","start":7965.91,"end":7970.19,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Thirdly,","start":7965.91,"end":7966.47},{"text":"Debt","start":7966.83,"end":7967.15},{"text":"solutions","start":7967.15,"end":7967.71},{"text":"must","start":7967.71,"end":7967.95},{"text":"preserve","start":7967.95,"end":7968.75},{"text":"investments","start":7968.75,"end":7969.39},{"text":"in","start":7969.39,"end":7969.55},{"text":"development.","start":7969.55,"end":7970.19}]},{"text":"Fourth, a more inclusive international financial architecture is essential.","start":7971.47,"end":7979.07,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Fourth,","start":7971.47,"end":7971.87},{"text":"a","start":7975.39,"end":7975.43},{"text":"more","start":7975.43,"end":7975.63},{"text":"inclusive","start":7975.63,"end":7976.75},{"text":"international","start":7976.91,"end":7977.43},{"text":"financial","start":7977.43,"end":7977.75},{"text":"architecture","start":7977.75,"end":7978.19},{"text":"is","start":7978.19,"end":7978.43},{"text":"essential.","start":7978.43,"end":7979.07}]},{"text":"It is urgent that the international financial architecture be reformed in order to enhance the voice and representation of developing countries in international financial institutions and to facilitate their access to adequate resources.","start":7980.03,"end":7992.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"It","start":7980.03,"end":7980.27},{"text":"is","start":7980.27,"end":7980.43},{"text":"urgent","start":7980.43,"end":7980.95},{"text":"that","start":7980.95,"end":7981.47},{"text":"the","start":7982.15,"end":7982.23},{"text":"international","start":7982.23,"end":7983.03},{"text":"financial","start":7983.03,"end":7983.35},{"text":"architecture","start":7983.35,"end":7983.75},{"text":"be","start":7983.75,"end":7983.83},{"text":"reformed","start":7983.83,"end":7984.43},{"text":"in","start":7984.43,"end":7984.59},{"text":"order","start":7984.59,"end":7984.83},{"text":"to","start":7984.83,"end":7985.23},{"text":"enhance","start":7985.39,"end":7985.87},{"text":"the","start":7985.87,"end":7985.95},{"text":"voice","start":7985.95,"end":7986.31},{"text":"and","start":7986.31,"end":7986.43},{"text":"representation","start":7986.43,"end":7986.99},{"text":"of","start":7986.99,"end":7987.07},{"text":"developing","start":7987.07,"end":7987.43},{"text":"countries","start":7987.43,"end":7987.79},{"text":"in","start":7987.79,"end":7988.27},{"text":"international","start":7988.27,"end":7988.83},{"text":"financial","start":7988.83,"end":7989.59},{"text":"institutions","start":7989.59,"end":7990.23},{"text":"and","start":7990.23,"end":7990.35},{"text":"to","start":7990.35,"end":7990.43},{"text":"facilitate","start":7990.43,"end":7990.83},{"text":"their","start":7990.83,"end":7990.99},{"text":"access","start":7990.99,"end":7991.47},{"text":"to","start":7991.47,"end":7991.63},{"text":"adequate","start":7991.63,"end":7991.95},{"text":"resources.","start":7991.95,"end":7992.43}]},{"text":"The mobilization of domestic resources is also essential.","start":7993.51,"end":7996.79,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"The","start":7993.51,"end":7993.55},{"text":"mobilization","start":7993.55,"end":7994.39},{"text":"of","start":7994.39,"end":7994.79},{"text":"domestic","start":7994.79,"end":7995.19},{"text":"resources","start":7995.19,"end":7995.67},{"text":"is","start":7995.67,"end":7995.91},{"text":"also","start":7995.91,"end":7996.27},{"text":"essential.","start":7996.27,"end":7996.79}]},{"text":"We therefore call for the enhancement of national capacities, international tax cooperation, and the fight against illicit financial flows through inclusive cooperation under the aegis of the United Nations.","start":7998.31,"end":8011.59,"topics":[{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"We","start":7998.31,"end":7998.47},{"text":"therefore","start":7998.47,"end":7998.79},{"text":"call","start":7998.79,"end":7999.19},{"text":"for","start":7999.19,"end":7999.91},{"text":"the","start":7999.91,"end":7999.99},{"text":"enhancement","start":7999.99,"end":8000.39},{"text":"of","start":8000.39,"end":8000.47},{"text":"national","start":8000.47,"end":8000.75},{"text":"capacities,","start":8000.75,"end":8001.43},{"text":"international","start":8002.71,"end":8003.23},{"text":"tax","start":8003.23,"end":8003.47},{"text":"cooperation,","start":8003.47,"end":8004.23},{"text":"and","start":8004.63,"end":8005.19},{"text":"the","start":8005.51,"end":8005.59},{"text":"fight","start":8005.59,"end":8005.99},{"text":"against","start":8005.99,"end":8006.63},{"text":"illicit","start":8006.95,"end":8007.27},{"text":"financial","start":8007.27,"end":8007.75},{"text":"flows","start":8007.75,"end":8008.31},{"text":"through","start":8008.63,"end":8009.03},{"text":"inclusive","start":8009.03,"end":8009.43},{"text":"cooperation","start":8009.43,"end":8009.99},{"text":"under","start":8009.99,"end":8010.35},{"text":"the","start":8010.35,"end":8010.43},{"text":"aegis","start":8010.43,"end":8010.63},{"text":"of","start":8010.63,"end":8010.71},{"text":"the","start":8010.71,"end":8010.79},{"text":"United","start":8010.79,"end":8011.07},{"text":"Nations.","start":8011.07,"end":8011.59}]},{"text":"Fifthly, financing must accelerate structural change and enhance resilience.","start":8012.23,"end":8018.31,"topics":[{"key":"productivity-investment","label":"productivity-investment","description":""}],"words":[{"text":"Fifthly,","start":8012.23,"end":8012.71},{"text":"financing","start":8014.07,"end":8014.43},{"text":"must","start":8014.43,"end":8014.63},{"text":"accelerate","start":8014.63,"end":8015.43},{"text":"structural","start":8015.59,"end":8016.07},{"text":"change","start":8016.07,"end":8016.63},{"text":"and","start":8016.71,"end":8017.11},{"text":"enhance","start":8017.11,"end":8017.67},{"text":"resilience.","start":8017.67,"end":8018.31}]},{"text":"Lastly, Mr. Chair, It is time to make financing for development into a real lever for eradicating poverty, structural change, and resilience.","start":8019.99,"end":8031.11,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"volatile","start":8051.75,"end":8052.19},{"text":"food","start":8052.19,"end":8052.67},{"text":"and","start":8052.67,"end":8052.79},{"text":"fuel","start":8052.79,"end":8052.99},{"text":"prices,","start":8052.99,"end":8053.63},{"text":"shifts","start":8053.95,"end":8054.43},{"text":"in","start":8054.43,"end":8054.59},{"text":"trade","start":8054.59,"end":8054.91},{"text":"and","start":8054.91,"end":8055.07},{"text":"market","start":8055.07,"end":8055.39},{"text":"access,","start":8055.39,"end":8055.95},{"text":"and","start":8056.35,"end":8056.55},{"text":"elevated","start":8056.55,"end":8056.99},{"text":"financing","start":8056.99,"end":8057.55},{"text":"costs.","start":8057.55,"end":8058.03}]},{"text":"These shocks reinforce one another, eroding fiscal space and reversing development gains.","start":8058.83,"end":8063.63,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"These","start":8058.83,"end":8059.07},{"text":"shocks","start":8059.07,"end":8059.35},{"text":"reinforce","start":8059.35,"end":8059.79},{"text":"one","start":8059.79,"end":8059.99},{"text":"another,","start":8059.99,"end":8060.43},{"text":"eroding","start":8060.51,"end":8060.91},{"text":"fiscal","start":8060.91,"end":8061.31},{"text":"space","start":8061.31,"end":8061.79},{"text":"and","start":8061.91,"end":8062.07},{"text":"reversing","start":8062.07,"end":8062.59},{"text":"development","start":8062.59,"end":8063.11},{"text":"gains.","start":8063.11,"end":8063.63}]},{"text":"Our deliberations in this committee must be geared towards helping countries address these pressures while investing in their people.","start":8064.59,"end":8070.67,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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to translate these commitments into lasting development gains.","start":8201.79,"end":8206.19,"topics":[],"words":[{"text":"Belize","start":8201.79,"end":8202.07},{"text":"stands","start":8202.07,"end":8202.31},{"text":"ready","start":8202.31,"end":8202.51},{"text":"to","start":8202.51,"end":8202.59},{"text":"work","start":8202.59,"end":8202.87},{"text":"with","start":8202.87,"end":8202.99},{"text":"the","start":8202.99,"end":8203.07},{"text":"partners","start":8203.07,"end":8203.51},{"text":"to","start":8203.51,"end":8203.59},{"text":"translate","start":8203.59,"end":8204.03},{"text":"these","start":8204.03,"end":8204.19},{"text":"commitments","start":8204.19,"end":8204.75},{"text":"into","start":8204.75,"end":8204.91},{"text":"lasting","start":8204.91,"end":8205.27},{"text":"development","start":8205.27,"end":8205.79},{"text":"gains.","start":8205.79,"end":8206.19}]},{"text":"I thank 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have the honor to deliver this statement for agenda item 15C on external debt sustainability and development.","start":8228.71,"end":8235.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"I","start":8228.71,"end":8228.87},{"text":"have","start":8228.87,"end":8229.11},{"text":"the","start":8229.15,"end":8229.23},{"text":"honor","start":8229.23,"end":8229.51},{"text":"to","start":8229.51,"end":8229.67},{"text":"deliver","start":8229.67,"end":8230.07},{"text":"this","start":8230.07,"end":8230.27},{"text":"statement","start":8230.27,"end":8230.79},{"text":"for","start":8230.79,"end":8230.99},{"text":"agenda","start":8230.99,"end":8231.35},{"text":"item","start":8231.35,"end":8231.75},{"text":"15C","start":8231.75,"end":8232.47},{"text":"on","start":8232.71,"end":8232.95},{"text":"external","start":8232.95,"end":8233.51},{"text":"debt","start":8233.51,"end":8233.75},{"text":"sustainability","start":8233.75,"end":8234.67},{"text":"and","start":8234.67,"end":8234.83},{"text":"development.","start":8234.83,"end":8235.51}]},{"text":"Mr. Chair, since the adoption of the Ceville commitment, significant progress has been made in advancing key initiatives, including the launch of the Borrowers Platform and the establishment of working group on the guiding principles on responsible sovereign borrowing and lending.","start":8235.99,"end":8252.47,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Mr.","start":8235.99,"end":8236.39},{"text":"Chair,","start":8236.39,"end":8236.79},{"text":"since","start":8237.11,"end":8237.43},{"text":"the","start":8237.55,"end":8237.63},{"text":"adoption","start":8237.63,"end":8238.11},{"text":"of","start":8238.11,"end":8238.23},{"text":"the","start":8238.23,"end":8238.31},{"text":"Ceville","start":8238.31,"end":8238.87},{"text":"commitment,","start":8238.87,"end":8239.47},{"text":"significant","start":8239.47,"end":8240.15},{"text":"progress","start":8240.15,"end":8240.63},{"text":"has","start":8240.63,"end":8240.79},{"text":"been","start":8240.79,"end":8241.03},{"text":"made","start":8241.03,"end":8241.27},{"text":"in","start":8241.27,"end":8241.43},{"text":"advancing","start":8241.43,"end":8241.95},{"text":"key","start":8241.95,"end":8242.11},{"text":"initiatives,","start":8242.11,"end":8242.87},{"text":"including","start":8242.87,"end":8243.43},{"text":"the","start":8243.83,"end":8243.95},{"text":"launch","start":8243.99,"end":8244.35},{"text":"of","start":8244.35,"end":8244.47},{"text":"the","start":8244.47,"end":8244.63},{"text":"Borrowers","start":8244.63,"end":8245.11},{"text":"Platform","start":8245.11,"end":8245.83},{"text":"and","start":8246.11,"end":8246.27},{"text":"the","start":8246.27,"end":8246.35},{"text":"establishment","start":8246.35,"end":8247.11},{"text":"of","start":8247.11,"end":8247.23},{"text":"working","start":8247.23,"end":8247.59},{"text":"group","start":8247.59,"end":8247.91},{"text":"on","start":8247.91,"end":8248.07},{"text":"the","start":8248.07,"end":8248.19},{"text":"guiding","start":8248.87,"end":8249.27},{"text":"principles","start":8249.27,"end":8249.99},{"text":"on","start":8249.99,"end":8250.15},{"text":"responsible","start":8250.15,"end":8250.87},{"text":"sovereign","start":8250.87,"end":8251.35},{"text":"borrowing","start":8251.35,"end":8251.79},{"text":"and","start":8251.79,"end":8251.95},{"text":"lending.","start":8251.95,"end":8252.47}]},{"text":"The further efforts are needed to translate these initiatives into concrete outcomes ahead of financing for development follow-up forum in 2027.","start":8252.87,"end":8262.23,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"The","start":8252.87,"end":8252.99},{"text":"further","start":8252.99,"end":8253.43},{"text":"efforts","start":8253.43,"end":8253.87},{"text":"are","start":8253.87,"end":8253.95},{"text":"needed","start":8253.95,"end":8254.27},{"text":"to","start":8254.27,"end":8254.39},{"text":"translate","start":8254.39,"end":8255.07},{"text":"these","start":8255.07,"end":8255.19},{"text":"initiatives","start":8255.19,"end":8255.91},{"text":"into","start":8256.07,"end":8256.55},{"text":"concrete","start":8256.55,"end":8257.19},{"text":"outcomes","start":8257.19,"end":8257.71},{"text":"ahead","start":8257.71,"end":8258.07},{"text":"of","start":8258.07,"end":8258.19},{"text":"financing","start":8258.19,"end":8258.75},{"text":"for","start":8258.75,"end":8258.95},{"text":"development","start":8258.95,"end":8259.55},{"text":"follow-up","start":8259.83,"end":8260.31},{"text":"forum","start":8260.31,"end":8260.71},{"text":"in","start":8260.71,"end":8260.83},{"text":"2027.","start":8260.83,"end":8262.23}]},{"text":"In this regard, the Second Committee should continue to prioritize the external debt sustainability agenda at the core of the follow-up to the Seville outcomes.","start":8262.83,"end":8272.11,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"In","start":8262.83,"end":8262.99},{"text":"this","start":8262.99,"end":8263.23},{"text":"regard,","start":8263.23,"end":8263.71},{"text":"the","start":8263.71,"end":8263.87},{"text":"Second","start":8263.87,"end":8264.19},{"text":"Committee","start":8264.19,"end":8264.67},{"text":"should","start":8264.67,"end":8264.91},{"text":"continue","start":8264.91,"end":8265.47},{"text":"to","start":8265.47,"end":8265.63},{"text":"prioritize","start":8265.63,"end":8266.43},{"text":"the","start":8266.43,"end":8266.51},{"text":"external","start":8266.51,"end":8267.07},{"text":"debt","start":8267.07,"end":8267.31},{"text":"sustainability","start":8267.31,"end":8268.23},{"text":"agenda","start":8268.23,"end":8268.75},{"text":"at","start":8269.39,"end":8269.59},{"text":"the","start":8269.59,"end":8269.67},{"text":"core","start":8269.67,"end":8270.03},{"text":"of","start":8270.03,"end":8270.11},{"text":"the","start":8270.11,"end":8270.27},{"text":"follow-up","start":8270.27,"end":8270.75},{"text":"to","start":8270.75,"end":8270.91},{"text":"the","start":8270.91,"end":8270.99},{"text":"Seville","start":8270.99,"end":8271.47},{"text":"outcomes.","start":8271.51,"end":8272.11}]},{"text":"During the current turbulent global economic condition, I would like to also highlight that measures such as strengthening the global financial safety net, incorporating state contingency clauses into official lending instruments, and promoting debt for development swaps can provide immense opportunity for developing economies to increase fiscal space and channel resources towards development priorities, as well as strengthening resilience to present and future shocks.","start":8272.59,"end":8302.87,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"During","start":8272.59,"end":8272.95},{"text":"the","start":8272.95,"end":8273.03},{"text":"current","start":8273.03,"end":8273.43},{"text":"turbulent","start":8273.43,"end":8274.19},{"text":"global","start":8274.19,"end":8274.55},{"text":"economic","start":8274.55,"end":8275.03},{"text":"condition,","start":8275.03,"end":8275.63},{"text":"I","start":8275.95,"end":8276.03},{"text":"would","start":8276.03,"end":8276.15},{"text":"like","start":8276.15,"end":8276.43},{"text":"to","start":8276.43,"end":8276.59},{"text":"also","start":8276.59,"end":8276.91},{"text":"highlight","start":8276.91,"end":8277.55},{"text":"that","start":8278.07,"end":8278.31},{"text":"measures","start":8278.71,"end":8279.27},{"text":"such","start":8279.27,"end":8279.55},{"text":"as","start":8279.55,"end":8279.63},{"text":"strengthening","start":8279.63,"end":8280.31},{"text":"the","start":8280.31,"end":8280.47},{"text":"global","start":8280.47,"end":8280.87},{"text":"financial","start":8280.87,"end":8281.39},{"text":"safety","start":8281.39,"end":8281.79},{"text":"net,","start":8281.79,"end":8282.07},{"text":"incorporating","start":8282.31,"end":8283.35},{"text":"state","start":8283.59,"end":8283.95},{"text":"contingency","start":8283.95,"end":8284.71},{"text":"clauses","start":8284.71,"end":8285.75},{"text":"into","start":8285.75,"end":8286.11},{"text":"official","start":8286.11,"end":8286.59},{"text":"lending","start":8286.59,"end":8286.87},{"text":"instruments,","start":8286.87,"end":8287.51},{"text":"and","start":8287.51,"end":8287.67},{"text":"promoting","start":8287.67,"end":8288.31},{"text":"debt","start":8288.59,"end":8288.87},{"text":"for","start":8288.87,"end":8289.03},{"text":"development","start":8289.03,"end":8289.63},{"text":"swaps","start":8289.63,"end":8289.91},{"text":"can","start":8289.91,"end":8290.23},{"text":"provide","start":8290.23,"end":8290.71},{"text":"immense","start":8290.95,"end":8291.43},{"text":"opportunity","start":8291.43,"end":8292.07},{"text":"for","start":8292.07,"end":8292.39},{"text":"developing","start":8292.39,"end":8292.95},{"text":"economies","start":8292.95,"end":8293.59},{"text":"to","start":8293.59,"end":8293.83},{"text":"increase","start":8293.91,"end":8294.55},{"text":"fiscal","start":8294.55,"end":8295.03},{"text":"space","start":8295.03,"end":8295.59},{"text":"and","start":8295.75,"end":8295.99},{"text":"channel","start":8295.99,"end":8296.47},{"text":"resources","start":8296.71,"end":8297.35},{"text":"towards","start":8297.35,"end":8297.83},{"text":"development","start":8297.83,"end":8298.31},{"text":"priorities,","start":8298.31,"end":8299.19},{"text":"as","start":8299.27,"end":8299.47},{"text":"well","start":8299.47,"end":8299.75},{"text":"as","start":8299.75,"end":8299.83},{"text":"strengthening","start":8299.83,"end":8300.55},{"text":"resilience","start":8300.55,"end":8301.07},{"text":"to","start":8301.07,"end":8301.27},{"text":"present","start":8301.27,"end":8301.75},{"text":"and","start":8301.75,"end":8301.99},{"text":"future","start":8301.99,"end":8302.39},{"text":"shocks.","start":8302.39,"end":8302.87}]},{"text":"Mr. Chair, Mongolia can share its experience in maintaining debt sustainability and strengthening fiscal resilience.","start":8303.47,"end":8310.59,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Mr.","start":8303.47,"end":8303.87},{"text":"Chair,","start":8303.87,"end":8304.19},{"text":"Mongolia","start":8304.51,"end":8305.07},{"text":"can","start":8305.07,"end":8305.31},{"text":"share","start":8305.31,"end":8305.55},{"text":"its","start":8305.55,"end":8305.71},{"text":"experience","start":8305.71,"end":8306.35},{"text":"in","start":8306.35,"end":8306.51},{"text":"maintaining","start":8306.51,"end":8306.99},{"text":"debt","start":8306.99,"end":8307.23},{"text":"sustainability","start":8307.23,"end":8308.35},{"text":"and","start":8308.55,"end":8308.75},{"text":"strengthening","start":8308.75,"end":8309.39},{"text":"fiscal","start":8309.39,"end":8309.87},{"text":"resilience.","start":8309.87,"end":8310.59}]},{"text":"Over the past decade, Mongolia reduced its general government debt to GDP ratio 93% to 40%.","start":8310.99,"end":8317.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"The","start":8317.55,"end":8317.63},{"text":"prudent","start":8317.63,"end":8319.71},{"text":"debt","start":8320.51,"end":8320.87},{"text":"management","start":8320.87,"end":8321.35},{"text":"policy","start":8321.35,"end":8321.83},{"text":"and","start":8321.83,"end":8322.03},{"text":"the","start":8322.03,"end":8322.11},{"text":"fiscal","start":8322.11,"end":8322.59},{"text":"reforms","start":8322.59,"end":8323.15},{"text":"were","start":8323.15,"end":8323.31},{"text":"at","start":8323.31,"end":8323.47},{"text":"the","start":8323.47,"end":8323.63},{"text":"center","start":8323.87,"end":8324.39},{"text":"of","start":8324.39,"end":8324.51},{"text":"this","start":8324.51,"end":8324.75},{"text":"achievement.","start":8324.75,"end":8325.39}]},{"text":"Our experience demonstrate the importance of effective implementation of medium-term debt management strategies, mandated consistent liability management operations and maintaining active investor relations strategies.","start":8325.71,"end":8340.83,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"As","start":8342.03,"end":8342.19},{"text":"a","start":8342.19,"end":8342.27},{"text":"result,","start":8342.27,"end":8342.91},{"text":"with","start":8343.31,"end":8343.51},{"text":"the","start":8343.51,"end":8343.63},{"text":"lower","start":8343.67,"end":8344.11},{"text":"risk","start":8344.11,"end":8344.35},{"text":"premiums","start":8344.35,"end":8344.83},{"text":"and","start":8344.83,"end":8345.03},{"text":"upgraded","start":8345.03,"end":8345.59},{"text":"sovereign","start":8345.59,"end":8345.95},{"text":"credit","start":8345.95,"end":8346.27},{"text":"ratings","start":8346.27,"end":8346.91},{"text":"over","start":8347.23,"end":8347.55},{"text":"the","start":8347.55,"end":8347.67},{"text":"years,","start":8347.67,"end":8348.03},{"text":"the","start":8348.03,"end":8348.19},{"text":"government","start":8348.19,"end":8348.67},{"text":"of","start":8348.67,"end":8348.75},{"text":"Mongolia","start":8348.75,"end":8349.15},{"text":"has","start":8349.15,"end":8349.47},{"text":"paved","start":8349.47,"end":8349.79},{"text":"the","start":8349.79,"end":8349.87},{"text":"way","start":8349.87,"end":8350.11},{"text":"for","start":8350.11,"end":8350.43},{"text":"subsovereign","start":8350.43,"end":8351.15},{"text":"and","start":8351.15,"end":8351.31},{"text":"private","start":8351.31,"end":8351.67},{"text":"sector","start":8351.67,"end":8352.03},{"text":"borrowers","start":8352.03,"end":8352.51},{"text":"to","start":8352.51,"end":8352.75},{"text":"access","start":8353.07,"end":8353.55},{"text":"to","start":8353.55,"end":8353.75},{"text":"international","start":8353.75,"end":8354.51},{"text":"and","start":8354.55,"end":8354.71},{"text":"domestic","start":8354.71,"end":8355.15},{"text":"capital","start":8355.15,"end":8355.55},{"text":"markets","start":8355.55,"end":8356.11},{"text":"and","start":8356.35,"end":8356.55},{"text":"enabled","start":8356.55,"end":8357.71},{"text":"to","start":8357.79,"end":8358.03},{"text":"mobilize","start":8358.03,"end":8358.59},{"text":"significant","start":8358.59,"end":8359.31},{"text":"resources","start":8359.63,"end":8360.27},{"text":"available","start":8360.27,"end":8360.83},{"text":"for","start":8360.83,"end":8361.07},{"text":"development","start":8361.07,"end":8361.59},{"text":"financing.","start":8361.59,"end":8362.27}]},{"text":"Mr. Chairman, Mongolia stands ready to join the international cooperation to address debt vulnerabilities and welcomes the efforts towards more effective, predictable, equitable international debt architecture.","start":8362.67,"end":8375.79,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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South Africa positively think this idea is worth considering.","start":8536.59,"end":8541.39,"topics":[],"words":[{"text":"Therefore,","start":8536.59,"end":8537.07},{"text":"South","start":8537.07,"end":8537.35},{"text":"Africa","start":8537.35,"end":8537.71},{"text":"positively","start":8537.71,"end":8538.51},{"text":"think","start":8539.15,"end":8539.47},{"text":"this","start":8539.47,"end":8539.63},{"text":"idea","start":8539.63,"end":8540.11},{"text":"is","start":8540.19,"end":8540.35},{"text":"worth","start":8540.35,"end":8540.67},{"text":"considering.","start":8540.67,"end":8541.39}]},{"text":"I thank you, Chair.","start":8541.63,"end":8542.35,"topics":[],"words":[{"text":"I","start":8541.63,"end":8541.79},{"text":"thank","start":8541.79,"end":8541.99},{"text":"you,","start":8541.99,"end":8542.07},{"text":"Chair.","start":8542.07,"end":8542.35}]}]}],"speaker":{"affiliation":"ZAF","group":null,"function":null,"affiliation_full":"South 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Brazil.","start":8546.83,"end":8550.27,"topics":[],"words":[{"text":"I","start":8546.83,"end":8546.99},{"text":"now","start":8546.99,"end":8547.23},{"text":"give","start":8547.23,"end":8547.43},{"text":"the","start":8547.43,"end":8547.55},{"text":"floor","start":8547.55,"end":8547.91},{"text":"to","start":8547.91,"end":8548.07},{"text":"the","start":8548.07,"end":8548.15},{"text":"distinguished","start":8548.15,"end":8548.59},{"text":"representative","start":8548.59,"end":8549.31},{"text":"of","start":8549.31,"end":8549.71},{"text":"Brazil.","start":8549.75,"end":8550.27}]},{"text":"Microphone to Brazil, please.","start":8560.83,"end":8562.11,"topics":[],"words":[{"text":"Microphone","start":8560.83,"end":8561.31},{"text":"to","start":8561.31,"end":8561.43},{"text":"Brazil,","start":8561.43,"end":8561.71},{"text":"please.","start":8561.71,"end":8562.11}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd 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interconnected.","start":8570.83,"end":8574.19,"topics":[],"words":[{"text":"The","start":8570.83,"end":8571.03},{"text":"issues","start":8571.03,"end":8571.47},{"text":"in","start":8571.47,"end":8571.59},{"text":"the","start":8571.59,"end":8571.67},{"text":"agenda","start":8571.67,"end":8572.11},{"text":"today","start":8572.11,"end":8572.59},{"text":"are","start":8572.59,"end":8572.67},{"text":"deeply","start":8572.67,"end":8573.27},{"text":"interconnected.","start":8573.27,"end":8574.19}]},{"text":"The reports on these items illustrate a challenging macroeconomic environment marked by slower global growth, persistent debt vulnerabilities, constrained fiscal space, rising trade tensions, and continued financing gaps across much of the developing world.","start":8574.35,"end":8590.83,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer 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priority now must be implementation.","start":8607.99,"end":8610.11,"topics":[],"words":[{"text":"The","start":8607.99,"end":8608.03},{"text":"priority","start":8608.03,"end":8608.59},{"text":"now","start":8608.59,"end":8608.83},{"text":"must","start":8608.83,"end":8609.07},{"text":"be","start":8609.07,"end":8609.19},{"text":"implementation.","start":8609.19,"end":8610.11}]},{"text":"Effective macroeconomic policy making requires reliable data, sound diagnostics, and evidence-based recommendations capable of identifying the structural drivers of inequality and assessing the distributive impacts of policy choices.","start":8610.43,"end":8627.63,"topics":[],"words":[{"text":"Effective","start":8610.43,"end":8610.99},{"text":"macroeconomic","start":8610.99,"end":8611.67},{"text":"policy","start":8611.67,"end":8612.15},{"text":"making","start":8612.15,"end":8612.83},{"text":"requires","start":8612.83,"end":8613.47},{"text":"reliable","start":8613.47,"end":8613.95},{"text":"data,","start":8613.95,"end":8614.35},{"text":"sound","start":8614.35,"end":8614.71},{"text":"diagnostics,","start":8614.71,"end":8615.63},{"text":"and","start":8616.51,"end":8617.07},{"text":"evidence-based","start":8617.31,"end":8618.35},{"text":"recommendations","start":8618.35,"end":8619.31},{"text":"capable","start":8619.63,"end":8620.11},{"text":"of","start":8620.11,"end":8620.51},{"text":"identifying","start":8620.75,"end":8621.55},{"text":"the","start":8621.55,"end":8621.67},{"text":"structural","start":8621.71,"end":8622.27},{"text":"drivers","start":8622.27,"end":8622.95},{"text":"of","start":8622.99,"end":8623.15},{"text":"inequality","start":8623.15,"end":8623.95},{"text":"and","start":8624.27,"end":8624.51},{"text":"assessing","start":8624.51,"end":8625.07},{"text":"the","start":8625.07,"end":8625.15},{"text":"distributive","start":8625.15,"end":8625.91},{"text":"impacts","start":8625.91,"end":8626.43},{"text":"of","start":8626.43,"end":8626.59},{"text":"policy","start":8626.59,"end":8626.99},{"text":"choices.","start":8626.99,"end":8627.63}]},{"text":"To support this effort, Brazil, together with Norway, South Africa, and Spain, is proposing to establish the International Panel on 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proposing neutral, science-based, and objective analysis, the panel would help strengthen national and international policymaking aimed at promoting more inclusive, sustainable economic 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"It","start":9165.95,"end":9166.15},{"text":"is","start":9166.15,"end":9166.27},{"text":"necessary","start":9166.27,"end":9166.75},{"text":"to","start":9166.75,"end":9166.99},{"text":"advocate","start":9167.07,"end":9167.55},{"text":"for","start":9167.55,"end":9167.91},{"text":"an","start":9167.91,"end":9168.03},{"text":"international","start":9168.03,"end":9168.55},{"text":"financial","start":9168.55,"end":9168.99},{"text":"system","start":9168.99,"end":9169.47},{"text":"in","start":9169.71,"end":9169.87},{"text":"which","start":9169.87,"end":9170.19},{"text":"developing","start":9170.19,"end":9170.75},{"text":"countries","start":9170.75,"end":9171.15},{"text":"have","start":9171.15,"end":9171.27},{"text":"a","start":9171.27,"end":9171.31},{"text":"greater","start":9171.31,"end":9171.63},{"text":"voice","start":9171.63,"end":9172.03},{"text":"and","start":9172.11,"end":9172.43},{"text":"participation.","start":9172.43,"end":9173.39}]},{"text":"Decisions impacting the future of peoples should take their realities into account and respect the sovereign right of each people to determine their own development path.","start":9173.63,"end":9183.31,"topics":[],"words":[{"text":"Decisions","start":9173.63,"end":9174.27},{"text":"impacting","start":9174.27,"end":9174.99},{"text":"the","start":9174.99,"end":9175.11},{"text":"future","start":9175.11,"end":9175.51},{"text":"of","start":9175.51,"end":9175.63},{"text":"peoples","start":9175.63,"end":9176.27},{"text":"should","start":9176.27,"end":9176.59},{"text":"take","start":9176.59,"end":9177.07},{"text":"their","start":9177.23,"end":9177.59},{"text":"realities","start":9177.59,"end":9178.19},{"text":"into","start":9178.19,"end":9178.47},{"text":"account","start":9178.47,"end":9178.99},{"text":"and","start":9178.99,"end":9179.11},{"text":"respect","start":9179.11,"end":9179.63},{"text":"the","start":9179.63,"end":9179.75},{"text":"sovereign","start":9179.75,"end":9180.11},{"text":"right","start":9180.11,"end":9180.39},{"text":"of","start":9180.39,"end":9180.51},{"text":"each","start":9180.51,"end":9180.67},{"text":"people","start":9180.67,"end":9181.15},{"text":"to","start":9181.39,"end":9181.55},{"text":"determine","start":9181.55,"end":9182.11},{"text":"their","start":9182.11,"end":9182.39},{"text":"own","start":9182.39,"end":9182.51},{"text":"development","start":9182.51,"end":9183.11},{"text":"path.","start":9183.11,"end":9183.31}]},{"text":"Nicaragua rejects unilateral coercive measures because they obstruct trade, financial transactions, international cooperation, and they directly affect the development opportunities of our peoples.","start":9184.31,"end":9198.71,"topics":[{"key":"multilateral-trade","label":"Multilateral Trade and Supply Chains","description":"A major theme was support for a rules-based, open, and predictable multilateral trading system, with many speakers emphasizing the central role of the WTO. Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Nicaragua","start":9184.31,"end":9184.87},{"text":"rejects","start":9184.87,"end":9185.43},{"text":"unilateral","start":9185.43,"end":9186.07},{"text":"coercive","start":9186.07,"end":9186.63},{"text":"measures","start":9186.63,"end":9187.11},{"text":"because","start":9187.11,"end":9187.67},{"text":"they","start":9187.99,"end":9188.39},{"text":"obstruct","start":9188.75,"end":9189.55},{"text":"trade,","start":9189.55,"end":9190.15},{"text":"financial","start":9190.23,"end":9190.87},{"text":"transactions,","start":9190.87,"end":9191.75},{"text":"international","start":9191.91,"end":9192.71},{"text":"cooperation,","start":9192.71,"end":9193.59},{"text":"and","start":9193.91,"end":9194.15},{"text":"they","start":9194.15,"end":9194.39},{"text":"directly","start":9194.39,"end":9195.27},{"text":"affect","start":9195.27,"end":9195.83},{"text":"the","start":9196.15,"end":9196.31},{"text":"development","start":9196.39,"end":9196.99},{"text":"opportunities","start":9196.99,"end":9197.75},{"text":"of","start":9197.75,"end":9197.83},{"text":"our","start":9197.83,"end":9197.95},{"text":"peoples.","start":9197.99,"end":9198.71}]},{"text":"We will continue to be watchful to make sure that financing commitments are turned into results.","start":9198.95,"end":9204.95,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"We","start":9198.95,"end":9199.11},{"text":"will","start":9199.11,"end":9199.27},{"text":"continue","start":9199.27,"end":9199.91},{"text":"to","start":9199.91,"end":9200.15},{"text":"be","start":9200.15,"end":9200.31},{"text":"watchful","start":9200.31,"end":9200.79},{"text":"to","start":9200.79,"end":9200.91},{"text":"make","start":9200.91,"end":9201.11},{"text":"sure","start":9201.11,"end":9201.43},{"text":"that","start":9201.43,"end":9201.75},{"text":"financing","start":9201.75,"end":9202.31},{"text":"commitments","start":9202.31,"end":9202.95},{"text":"are","start":9203.43,"end":9203.59},{"text":"turned","start":9203.59,"end":9203.99},{"text":"into","start":9203.99,"end":9204.23},{"text":"results.","start":9204.23,"end":9204.95}]},{"text":"Development requires international solidarity, respect for sovereignty, and resources that reach where they are most needed.","start":9205.23,"end":9213.59,"topics":[],"words":[{"text":"Development","start":9205.23,"end":9205.91},{"text":"requires","start":9205.91,"end":9206.55},{"text":"international","start":9206.55,"end":9207.19},{"text":"solidarity,","start":9207.19,"end":9208.07},{"text":"respect","start":9208.39,"end":9208.95},{"text":"for","start":9208.95,"end":9209.19},{"text":"sovereignty,","start":9209.19,"end":9209.99},{"text":"and","start":9210.23,"end":9210.51},{"text":"resources","start":9210.51,"end":9211.27},{"text":"that","start":9211.43,"end":9211.75},{"text":"reach","start":9211.75,"end":9212.31},{"text":"where","start":9212.31,"end":9212.51},{"text":"they","start":9212.51,"end":9212.63},{"text":"are","start":9212.63,"end":9212.71},{"text":"most","start":9212.71,"end":9213.07},{"text":"needed.","start":9213.07,"end":9213.59}]},{"text":"Thank you very.","start":9213.67,"end":9214.15,"topics":[],"words":[{"text":"Thank","start":9213.67,"end":9213.83},{"text":"you","start":9213.83,"end":9213.91},{"text":"very.","start":9213.91,"end":9214.15}]}]}],"speaker":{"affiliation":"NIC","group":null,"function":null,"affiliation_full":"Nicaragua"}},{"statement_number":79,"start":9216.47,"pageUrl":"/en/ga/c2/81/7?t=2:33:37","paragraphs":[{"sentences":[{"text":"I thank the representative of Nicaragua.","start":9216.47,"end":9218.31,"topics":[],"words":[{"text":"I","start":9216.47,"end":9216.71},{"text":"thank","start":9216.71,"end":9216.91},{"text":"the","start":9216.91,"end":9216.99},{"text":"representative","start":9216.99,"end":9217.51},{"text":"of","start":9217.51,"end":9217.59},{"text":"Nicaragua.","start":9217.59,"end":9218.31}]},{"text":"I now give the floor to the distinguished representative of Lebanon.","start":9218.63,"end":9221.91,"topics":[],"words":[{"text":"I","start":9218.63,"end":9218.87},{"text":"now","start":9218.87,"end":9219.03},{"text":"give","start":9219.03,"end":9219.35},{"text":"the","start":9219.35,"end":9219.43},{"text":"floor","start":9219.43,"end":9219.67},{"text":"to","start":9219.67,"end":9219.75},{"text":"the","start":9219.75,"end":9219.83},{"text":"distinguished","start":9219.83,"end":9220.35},{"text":"representative","start":9220.35,"end":9221.03},{"text":"of","start":9221.03,"end":9221.27},{"text":"Lebanon.","start":9221.27,"end":9221.91}]}]}],"speaker":{"affiliation":"2nd Committee","group":null,"function":"Chair","affiliation_full":"2nd Committee"}},{"statement_number":80,"start":9224.31,"pageUrl":"/en/ga/c2/81/7?t=2:33:45","paragraphs":[{"sentences":[{"text":"Mr. Chair, Lebanon associated itself with the statement delivered by Uruguay on behalf of G77 and China, and Libya on behalf of the Arab Group.","start":9224.31,"end":9232.07,"topics":[],"words":[{"text":"Mr.","start":9224.31,"end":9224.63},{"text":"Chair,","start":9224.63,"end":9225.03},{"text":"Lebanon","start":9225.35,"end":9225.75},{"text":"associated","start":9225.75,"end":9226.39},{"text":"itself","start":9226.39,"end":9226.63},{"text":"with","start":9226.63,"end":9226.75},{"text":"the","start":9226.75,"end":9226.83},{"text":"statement","start":9226.83,"end":9227.31},{"text":"delivered","start":9227.31,"end":9227.67},{"text":"by","start":9227.67,"end":9227.79},{"text":"Uruguay","start":9227.79,"end":9228.31},{"text":"on","start":9228.31,"end":9228.47},{"text":"behalf","start":9228.47,"end":9228.71},{"text":"of","start":9228.71,"end":9228.79},{"text":"G77","start":9228.79,"end":9229.59},{"text":"and","start":9229.59,"end":9229.75},{"text":"China,","start":9229.75,"end":9230.15},{"text":"and","start":9230.55,"end":9230.75},{"text":"Libya","start":9230.75,"end":9230.99},{"text":"on","start":9230.99,"end":9231.07},{"text":"behalf","start":9231.07,"end":9231.31},{"text":"of","start":9231.31,"end":9231.39},{"text":"the","start":9231.39,"end":9231.47},{"text":"Arab","start":9231.47,"end":9231.71},{"text":"Group.","start":9231.71,"end":9232.07}]},{"text":"We would like to add the following remarks in our national capacity.","start":9232.63,"end":9235.35,"topics":[],"words":[{"text":"We","start":9232.63,"end":9232.75},{"text":"would","start":9232.75,"end":9232.91},{"text":"like","start":9232.91,"end":9233.07},{"text":"to","start":9233.07,"end":9233.19},{"text":"add","start":9233.19,"end":9233.35},{"text":"the","start":9233.35,"end":9233.43},{"text":"following","start":9233.43,"end":9233.83},{"text":"remarks","start":9233.83,"end":9234.15},{"text":"in","start":9234.15,"end":9234.23},{"text":"our","start":9234.23,"end":9234.39},{"text":"national","start":9234.39,"end":9234.71},{"text":"capacity.","start":9234.71,"end":9235.35}]},{"text":"We meet while we are witnessing uncertainty in the global economy.","start":9236.15,"end":9238.95,"topics":[],"words":[{"text":"We","start":9236.15,"end":9236.31},{"text":"meet","start":9236.31,"end":9236.63},{"text":"while","start":9236.63,"end":9236.83},{"text":"we","start":9236.83,"end":9236.91},{"text":"are","start":9236.91,"end":9237.03},{"text":"witnessing","start":9237.03,"end":9237.43},{"text":"uncertainty","start":9237.43,"end":9238.03},{"text":"in","start":9238.03,"end":9238.11},{"text":"the","start":9238.11,"end":9238.19},{"text":"global","start":9238.19,"end":9238.47},{"text":"economy.","start":9238.47,"end":9238.95}]},{"text":"The full, timely, and effective implementation of the Compromisso de Sevilla must remain a priority.","start":9239.63,"end":9243.95,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"The","start":9239.63,"end":9239.67},{"text":"full,","start":9239.67,"end":9239.87},{"text":"timely,","start":9239.87,"end":9240.19},{"text":"and","start":9240.19,"end":9240.31},{"text":"effective","start":9240.31,"end":9240.71},{"text":"implementation","start":9240.71,"end":9241.35},{"text":"of","start":9241.35,"end":9241.43},{"text":"the","start":9241.43,"end":9241.55},{"text":"Compromisso","start":9241.55,"end":9242.03},{"text":"de","start":9242.03,"end":9242.15},{"text":"Sevilla","start":9242.15,"end":9242.59},{"text":"must","start":9242.67,"end":9242.99},{"text":"remain","start":9242.99,"end":9243.31},{"text":"a","start":9243.31,"end":9243.39},{"text":"priority.","start":9243.39,"end":9243.95}]},{"text":"We must translate our commitments into concrete action to close financing gaps, mobilize sustainable investment, and advance.","start":9244.67,"end":9251.07,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."},{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"We","start":9244.67,"end":9244.75},{"text":"must","start":9244.75,"end":9244.95},{"text":"translate","start":9244.95,"end":9245.31},{"text":"our","start":9245.31,"end":9245.39},{"text":"commitments","start":9245.39,"end":9245.99},{"text":"into","start":9245.99,"end":9246.19},{"text":"concrete","start":9246.19,"end":9246.67},{"text":"action","start":9246.67,"end":9247.07},{"text":"to","start":9247.31,"end":9247.47},{"text":"close","start":9247.47,"end":9247.75},{"text":"financing","start":9247.75,"end":9248.27},{"text":"gaps,","start":9248.27,"end":9248.67},{"text":"mobilize","start":9248.75,"end":9249.19},{"text":"sustainable","start":9249.19,"end":9249.71},{"text":"investment,","start":9249.71,"end":9250.35},{"text":"and","start":9250.51,"end":9250.71},{"text":"advance.","start":9250.71,"end":9251.07}]}]},{"sentences":[{"text":"Reform of the international financial architecture.","start":9251.07,"end":9253.39,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"Reform","start":9251.07,"end":9251.55},{"text":"of","start":9251.55,"end":9251.63},{"text":"the","start":9251.63,"end":9251.71},{"text":"international","start":9251.71,"end":9252.31},{"text":"financial","start":9252.31,"end":9252.75},{"text":"architecture.","start":9252.75,"end":9253.39}]}]},{"sentences":[{"text":"Mr. Chair, Lebanon attaches particular importance to the challenges facing middle-income countries.","start":9254.35,"end":9259.15,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Mr.","start":9254.35,"end":9254.67},{"text":"Chair,","start":9254.67,"end":9255.07},{"text":"Lebanon","start":9255.15,"end":9255.47},{"text":"attaches","start":9255.47,"end":9255.87},{"text":"particular","start":9255.87,"end":9256.31},{"text":"importance","start":9256.31,"end":9256.87},{"text":"to","start":9256.87,"end":9256.95},{"text":"the","start":9256.99,"end":9257.11},{"text":"challenges","start":9257.15,"end":9257.71},{"text":"facing","start":9257.71,"end":9257.99},{"text":"middle-income","start":9257.99,"end":9258.51},{"text":"countries.","start":9258.51,"end":9259.15}]},{"text":"Classification based predominantly on per income capita does not adequately capture countries' multidimensional vulnerabilities or development needs.","start":9259.75,"end":9267.07,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"That","start":9285.07,"end":9285.19},{"text":"have","start":9285.19,"end":9285.35},{"text":"lowered","start":9285.35,"end":9285.63},{"text":"the","start":9285.63,"end":9285.71},{"text":"cost","start":9285.71,"end":9285.95},{"text":"of","start":9285.95,"end":9286.07},{"text":"capital.","start":9286.07,"end":9286.55}]}]},{"sentences":[{"text":"Debt sustainability is equally critical.","start":9287.75,"end":9289.67,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."}],"words":[{"text":"Last","start":9323.51,"end":9323.75},{"text":"week,","start":9323.75,"end":9323.99},{"text":"the","start":9323.99,"end":9324.07},{"text":"Lebanese","start":9324.07,"end":9325.11},{"text":"cabinet","start":9325.11,"end":9325.55},{"text":"approved","start":9325.55,"end":9326.07},{"text":"the","start":9326.15,"end":9326.27},{"text":"2027","start":9326.27,"end":9327.11},{"text":"state","start":9327.11,"end":9327.43},{"text":"budget,","start":9327.43,"end":9327.99},{"text":"which","start":9328.27,"end":9328.51},{"text":"introduces","start":9328.51,"end":9329.19},{"text":"measures","start":9329.19,"end":9329.63},{"text":"to","start":9329.63,"end":9329.75},{"text":"strengthen","start":9329.75,"end":9330.15},{"text":"tax","start":9330.15,"end":9330.47},{"text":"compliance.","start":9330.47,"end":9331.11}]},{"text":"Progress has also been made in advancing banking sector restructuring.","start":9332.07,"end":9335.51,"topics":[],"words":[{"text":"Progress","start":9332.07,"end":9332.47},{"text":"has","start":9332.47,"end":9332.63},{"text":"also","start":9332.63,"end":9332.95},{"text":"been","start":9332.95,"end":9333.11},{"text":"made","start":9333.11,"end":9333.43},{"text":"in","start":9333.47,"end":9333.59},{"text":"advancing","start":9333.59,"end":9334.07},{"text":"banking","start":9334.07,"end":9334.47},{"text":"sector","start":9334.47,"end":9334.79},{"text":"restructuring.","start":9334.79,"end":9335.51}]},{"text":"And Lebanon continues its active engagement with the International Monetary Fund towards a comprehensive reform agenda.","start":9336.55,"end":9342.55,"topics":[],"words":[{"text":"And","start":9336.55,"end":9336.75},{"text":"Lebanon","start":9336.75,"end":9337.11},{"text":"continues","start":9337.11,"end":9337.51},{"text":"its","start":9337.51,"end":9337.67},{"text":"active","start":9337.67,"end":9337.99},{"text":"engagement","start":9337.99,"end":9338.63},{"text":"with","start":9338.71,"end":9338.87},{"text":"the","start":9338.87,"end":9338.95},{"text":"International","start":9338.95,"end":9339.51},{"text":"Monetary","start":9339.51,"end":9339.91},{"text":"Fund","start":9339.91,"end":9340.31},{"text":"towards","start":9340.47,"end":9340.79},{"text":"a","start":9340.79,"end":9340.87},{"text":"comprehensive","start":9340.87,"end":9341.67},{"text":"reform","start":9341.67,"end":9342.07},{"text":"agenda.","start":9342.07,"end":9342.55}]},{"text":"Yet, fiscal sustainability and development must advance together.","start":9343.83,"end":9347.51,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Yet,","start":9343.83,"end":9344.23},{"text":"fiscal","start":9344.23,"end":9344.59},{"text":"sustainability","start":9344.59,"end":9345.35},{"text":"and","start":9345.35,"end":9345.55},{"text":"development","start":9345.55,"end":9346.23},{"text":"must","start":9346.31,"end":9346.71},{"text":"advance","start":9346.71,"end":9347.07},{"text":"together.","start":9347.07,"end":9347.51}]},{"text":"Lebanon must preserve essential space for reconstruction, social protection, and productive investment.","start":9348.35,"end":9353.39,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"Lebanon","start":9348.35,"end":9348.71},{"text":"must","start":9348.71,"end":9348.95},{"text":"preserve","start":9348.95,"end":9349.31},{"text":"essential","start":9349.31,"end":9349.83},{"text":"space","start":9349.83,"end":9350.11},{"text":"for","start":9350.11,"end":9350.23},{"text":"reconstruction,","start":9350.23,"end":9351.07},{"text":"social","start":9351.15,"end":9351.55},{"text":"protection,","start":9351.55,"end":9352.11},{"text":"and","start":9352.11,"end":9352.23},{"text":"productive","start":9352.23,"end":9352.67},{"text":"investment.","start":9352.67,"end":9353.39}]},{"text":"In this context, we seek to mobilize investment in sectors that can contribute to recovery and job creation, including construction, tourism, and technology, while promoting public-private partnerships and supporting MSMEs, startups, and the important contribution of the Lebanese diaspora.","start":9354.35,"end":9370.75,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"For","start":9375.63,"end":9375.79},{"text":"countries","start":9375.79,"end":9376.19},{"text":"facing","start":9376.19,"end":9376.51},{"text":"reconstruction","start":9376.51,"end":9377.11},{"text":"needs,","start":9377.11,"end":9377.47},{"text":"access","start":9377.47,"end":9377.87},{"text":"to","start":9377.87,"end":9377.99},{"text":"affordable","start":9377.99,"end":9378.47},{"text":"and","start":9378.47,"end":9378.59},{"text":"predictable","start":9378.59,"end":9379.11},{"text":"financing","start":9379.11,"end":9379.79},{"text":"is","start":9380.11,"end":9380.31},{"text":"essential","start":9380.31,"end":9380.79},{"text":"to","start":9380.79,"end":9380.91},{"text":"turn","start":9380.91,"end":9381.15},{"text":"reform","start":9381.15,"end":9381.63},{"text":"into","start":9381.71,"end":9381.87},{"text":"sustainable","start":9381.87,"end":9382.43},{"text":"recovery.","start":9382.43,"end":9382.99}]},{"text":"Mr. Chair, Lebanon looks forward to participating in the high-level meetings on financing to be held next week in Bangkok, including the first Governing Council meeting of the Borrowers Platform.","start":9384.35,"end":9393.55,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"Global","start":9448.43,"end":9448.75},{"text":"public","start":9448.75,"end":9449.07},{"text":"debt","start":9449.07,"end":9449.47},{"text":"and","start":9449.47,"end":9449.67},{"text":"the","start":9449.67,"end":9449.75},{"text":"external","start":9449.75,"end":9450.19},{"text":"debt","start":9450.19,"end":9450.51},{"text":"of","start":9450.51,"end":9450.91},{"text":"developing","start":9451.43,"end":9451.75},{"text":"countries","start":9451.75,"end":9452.23},{"text":"have","start":9452.23,"end":9452.47},{"text":"reached","start":9452.47,"end":9452.87},{"text":"record","start":9452.87,"end":9453.51},{"text":"levels.","start":9453.51,"end":9454.07}]},{"text":"It is alarming that in dozens of developing countries, debt interest payments are now greater than health or education expenditure.","start":9454.23,"end":9462.39,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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accordance with the Cevia commitment, we call urgently for the lifting of unilateral economic, financial and commercial measures that hamper the economic and social development of the peoples against which they are 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this context, we denounce the fact that the collective punishment that the US is inflicting on my people is hindering its economic development and has a serious humanitarian impact because it impedes the normal functioning of hospitals, schools, homes, transport, infrastructure and the production of food and medicines because of the lack of fuel and energy for millions of 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you very much.","start":9545.91,"end":9546.79,"topics":[],"words":[{"text":"Thank","start":9545.91,"end":9546.11},{"text":"you","start":9546.11,"end":9546.19},{"text":"very","start":9546.19,"end":9546.47},{"text":"much.","start":9546.47,"end":9546.79}]}]}],"speaker":{"affiliation":"CUB","group":null,"function":null,"affiliation_full":"Cuba"}},{"statement_number":83,"start":9548.31,"pageUrl":"/en/ga/c2/81/7?t=2:39:09","paragraphs":[{"sentences":[{"text":"I thank the representative of Cuba.","start":9548.31,"end":9550.15,"topics":[],"words":[{"text":"I","start":9548.31,"end":9548.55},{"text":"thank","start":9548.55,"end":9548.75},{"text":"the","start":9548.75,"end":9548.83},{"text":"representative","start":9548.83,"end":9549.47},{"text":"of","start":9549.47,"end":9549.59},{"text":"Cuba.","start":9549.59,"end":9550.15}]},{"text":"I now give the floor to the distinguished representative of 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Chair.","start":9556.83,"end":9557.99,"topics":[],"words":[{"text":"Thank","start":9556.83,"end":9557.03},{"text":"you,","start":9557.03,"end":9557.11},{"text":"Mr.","start":9557.11,"end":9557.51},{"text":"Chair.","start":9557.51,"end":9557.99}]},{"text":"At the outset, Sudan aligns itself with the statements delivered on behalf of the groups of the G77 in China, the African and the least developed countries, and the Arab, and wishes to add the following remarks on its national 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the civilian commitment represents a rare moment of multilateral consensus.","start":9571.27,"end":9576.47,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}],"words":[{"text":"On","start":9673.99,"end":9674.15},{"text":"debit","start":9674.15,"end":9674.47},{"text":"relief","start":9674.47,"end":9674.87},{"text":"and","start":9674.87,"end":9674.99},{"text":"stabilization,","start":9674.99,"end":9675.91},{"text":"Sudan","start":9675.91,"end":9676.23},{"text":"has","start":9676.23,"end":9676.47},{"text":"joined","start":9676.47,"end":9676.71},{"text":"the","start":9676.71,"end":9676.83},{"text":"borrower","start":9676.83,"end":9677.35},{"text":"platform","start":9677.35,"end":9677.95},{"text":"and","start":9677.95,"end":9678.11},{"text":"launched","start":9678.11,"end":9678.47},{"text":"a","start":9678.47,"end":9678.51},{"text":"strategic","start":9678.51,"end":9679.19},{"text":"roadmap","start":9679.19,"end":9679.67},{"text":"with","start":9679.67,"end":9679.79},{"text":"the","start":9679.79,"end":9679.91},{"text":"IMF","start":9679.91,"end":9680.39},{"text":"to","start":9680.39,"end":9680.55},{"text":"advance","start":9680.55,"end":9681.11},{"text":"towards","start":9681.11,"end":9681.67},{"text":"debit","start":9681.91,"end":9682.23},{"text":"relief.","start":9682.23,"end":9682.71}]},{"text":"On value addition and resilience, we are committed to adding value to our export, especially in agriculture and livestock, to generate revenue and build long-term economic resilience.","start":9683.03,"end":9693.11,"topics":[{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Mr.","start":9693.43,"end":9693.83},{"text":"Chair,","start":9693.83,"end":9694.31},{"text":"Countries","start":9694.91,"end":9695.31},{"text":"in","start":9695.31,"end":9695.47},{"text":"war","start":9695.47,"end":9695.59},{"text":"are","start":9695.59,"end":9695.79},{"text":"frequently","start":9695.79,"end":9696.35},{"text":"cut","start":9696.35,"end":9696.59},{"text":"off","start":9696.59,"end":9696.83},{"text":"from","start":9696.91,"end":9697.23},{"text":"international","start":9697.23,"end":9697.95},{"text":"financing","start":9697.95,"end":9698.75},{"text":"when","start":9698.91,"end":9699.23},{"text":"they","start":9699.23,"end":9699.39},{"text":"need","start":9699.39,"end":9699.63},{"text":"it","start":9699.63,"end":9699.87},{"text":"most.","start":9699.87,"end":9700.19}]},{"text":"Our domestic reforms are designed to build trust and strengthen the institutions necessary to sustain access to finance and lay the foundation for lasting peace.","start":9700.27,"end":9709.95,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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will continue its active engagement with the like-minded group of mix and with other partners to advance practical tailored responses to their development 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countries continue to face high borrowing costs, constrained fiscal space and limited access to affordable long-term financing.","start":9921.67,"end":9930.75,"topics":[{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. 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in development assistance.","start":10097.03,"end":10108.23,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Chair,","start":10097.03,"end":10097.47},{"text":"the","start":10097.59,"end":10097.71},{"text":"international","start":10097.71,"end":10098.23},{"text":"economy","start":10098.23,"end":10098.71},{"text":"is","start":10099.19,"end":10099.51},{"text":"undergoing","start":10099.51,"end":10099.91},{"text":"exceptional","start":10099.91,"end":10100.39},{"text":"circumstances","start":10100.39,"end":10101.35},{"text":"marked","start":10102.23,"end":10102.63},{"text":"by","start":10102.63,"end":10102.95},{"text":"a","start":10103.43,"end":10103.47},{"text":"slow","start":10103.47,"end":10103.99},{"text":"in","start":10104.15,"end":10104.47},{"text":"growth","start":10104.47,"end":10105.11},{"text":"and","start":10106.23,"end":10106.55},{"text":"a","start":10106.55,"end":10106.59},{"text":"drop","start":10106.59,"end":10106.95},{"text":"in","start":10106.95,"end":10107.11},{"text":"development","start":10107.11,"end":10107.59},{"text":"assistance.","start":10107.59,"end":10108.23}]},{"text":"In order to address this, Kuwait calls for a reform of the international financial architecture To strengthen the representation of developing countries, we affirm the need to grant concessional financing and to reallocate special drawing rights and guarantee financing in order to build capacity without increasing the debt burden.","start":10108.23,"end":10136.55,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"In","start":10108.23,"end":10108.35},{"text":"order","start":10108.35,"end":10108.55},{"text":"to","start":10108.55,"end":10108.75},{"text":"address","start":10108.75,"end":10109.11},{"text":"this,","start":10109.11,"end":10109.43},{"text":"Kuwait","start":10109.43,"end":10109.99},{"text":"calls","start":10109.99,"end":10110.55},{"text":"for","start":10110.63,"end":10111.11},{"text":"a","start":10111.67,"end":10111.71},{"text":"reform","start":10111.71,"end":10112.23},{"text":"of","start":10112.23,"end":10112.31},{"text":"the","start":10112.31,"end":10112.43},{"text":"international","start":10112.43,"end":10112.95},{"text":"financial","start":10112.95,"end":10113.35},{"text":"architecture","start":10113.35,"end":10114.15},{"text":"To","start":10115.91,"end":10115.99},{"text":"strengthen","start":10115.99,"end":10116.71},{"text":"the","start":10116.71,"end":10116.95},{"text":"representation","start":10116.95,"end":10117.91},{"text":"of","start":10117.91,"end":10118.15},{"text":"developing","start":10118.15,"end":10118.71},{"text":"countries,","start":10118.71,"end":10119.27},{"text":"we","start":10119.27,"end":10119.43},{"text":"affirm","start":10119.43,"end":10119.91},{"text":"the","start":10119.91,"end":10120.07},{"text":"need","start":10120.07,"end":10120.55},{"text":"to","start":10120.79,"end":10121.11},{"text":"grant","start":10121.11,"end":10121.43},{"text":"concessional","start":10121.43,"end":10122.15},{"text":"financing","start":10122.15,"end":10122.95},{"text":"and","start":10124.31,"end":10124.71},{"text":"to","start":10124.71,"end":10125.19},{"text":"reallocate","start":10125.75,"end":10126.95},{"text":"special","start":10127.91,"end":10128.31},{"text":"drawing","start":10128.31,"end":10128.71},{"text":"rights","start":10128.71,"end":10129.27},{"text":"and","start":10129.51,"end":10129.91},{"text":"guarantee","start":10129.91,"end":10130.87},{"text":"financing","start":10131.03,"end":10131.91},{"text":"in","start":10132.23,"end":10132.39},{"text":"order","start":10132.39,"end":10132.71},{"text":"to","start":10132.71,"end":10133.11},{"text":"build","start":10133.11,"end":10133.43},{"text":"capacity","start":10133.43,"end":10134.23},{"text":"without","start":10134.39,"end":10135.03},{"text":"increasing","start":10135.03,"end":10135.59},{"text":"the","start":10135.59,"end":10135.71},{"text":"debt","start":10135.71,"end":10135.99},{"text":"burden.","start":10135.99,"end":10136.55}]},{"text":"Chair, protecting what has been achieved.","start":10136.95,"end":10139.91,"topics":[],"words":[{"text":"Chair,","start":10136.95,"end":10137.27},{"text":"protecting","start":10137.51,"end":10138.31},{"text":"what","start":10138.51,"end":10138.87},{"text":"has","start":10138.87,"end":10139.03},{"text":"been","start":10139.03,"end":10139.27},{"text":"achieved.","start":10139.27,"end":10139.91}]},{"text":"must be done through maritime security and freedom of navigation.","start":10140.67,"end":10144.67,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"must","start":10140.67,"end":10140.91},{"text":"be","start":10140.91,"end":10141.23},{"text":"done","start":10141.39,"end":10142.03},{"text":"through","start":10142.03,"end":10142.59},{"text":"maritime","start":10142.83,"end":10143.19},{"text":"security","start":10143.19,"end":10143.55},{"text":"and","start":10143.55,"end":10143.67},{"text":"freedom","start":10143.67,"end":10143.91},{"text":"of","start":10143.91,"end":10143.99},{"text":"navigation.","start":10143.99,"end":10144.67}]},{"text":"Resolution of the Security Council 2817.","start":10144.67,"end":10147.07,"topics":[],"words":[{"text":"Resolution","start":10144.67,"end":10145.27},{"text":"of","start":10145.27,"end":10145.35},{"text":"the","start":10145.35,"end":10145.43},{"text":"Security","start":10145.43,"end":10145.79},{"text":"Council","start":10145.79,"end":10146.03},{"text":"2817.","start":10146.03,"end":10147.07}]},{"text":"In accordance with that resolution, Kuwait condemns Iran's closure of the Strait of Hormuz, which jeopardizes freedom of navigation and maritime security through its proxies in the region.","start":10147.31,"end":10157.55,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"In","start":10147.31,"end":10147.55},{"text":"accordance","start":10147.55,"end":10147.87},{"text":"with","start":10147.87,"end":10147.99},{"text":"that","start":10147.99,"end":10148.11},{"text":"resolution,","start":10148.11,"end":10148.91},{"text":"Kuwait","start":10149.07,"end":10149.63},{"text":"condemns","start":10149.63,"end":10150.23},{"text":"Iran's","start":10150.23,"end":10150.55},{"text":"closure","start":10150.55,"end":10150.83},{"text":"of","start":10150.83,"end":10150.91},{"text":"the","start":10150.91,"end":10150.99},{"text":"Strait","start":10150.99,"end":10151.19},{"text":"of","start":10151.19,"end":10151.27},{"text":"Hormuz,","start":10151.27,"end":10151.63},{"text":"which","start":10151.63,"end":10151.87},{"text":"jeopardizes","start":10152.19,"end":10152.91},{"text":"freedom","start":10152.91,"end":10153.19},{"text":"of","start":10153.19,"end":10153.27},{"text":"navigation","start":10153.27,"end":10153.87},{"text":"and","start":10153.87,"end":10153.99},{"text":"maritime","start":10153.99,"end":10154.35},{"text":"security","start":10154.35,"end":10155.23},{"text":"through","start":10156.11,"end":10156.27},{"text":"its","start":10156.27,"end":10156.43},{"text":"proxies","start":10156.43,"end":10156.75},{"text":"in","start":10156.75,"end":10156.83},{"text":"the","start":10156.83,"end":10156.95},{"text":"region.","start":10156.95,"end":10157.55}]},{"text":"This closure is interrupting supply chains and leading to heightened costs.","start":10157.55,"end":10166.03,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"This","start":10157.55,"end":10157.87},{"text":"closure","start":10157.87,"end":10158.71},{"text":"is","start":10160.11,"end":10160.35},{"text":"interrupting","start":10160.35,"end":10161.31},{"text":"supply","start":10161.79,"end":10162.27},{"text":"chains","start":10162.27,"end":10162.91},{"text":"and","start":10163.55,"end":10163.63},{"text":"leading","start":10163.63,"end":10164.19},{"text":"to","start":10164.19,"end":10164.83},{"text":"heightened","start":10164.83,"end":10165.39},{"text":"costs.","start":10165.39,"end":10166.03}]},{"text":"We call for guaranteeing maritime security and freedom of navigation in accordance with international law and UNCLOS.","start":10166.19,"end":10172.43,"topics":[{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."}],"words":[{"text":"We","start":10166.19,"end":10166.51},{"text":"call","start":10166.51,"end":10166.83},{"text":"for","start":10166.83,"end":10167.15},{"text":"guaranteeing","start":10167.15,"end":10167.87},{"text":"maritime","start":10167.87,"end":10168.19},{"text":"security","start":10168.19,"end":10169.15},{"text":"and","start":10169.15,"end":10169.43},{"text":"freedom","start":10169.43,"end":10169.71},{"text":"of","start":10169.71,"end":10169.79},{"text":"navigation","start":10169.79,"end":10170.27},{"text":"in","start":10170.27,"end":10170.35},{"text":"accordance","start":10170.35,"end":10170.71},{"text":"with","start":10170.71,"end":10170.83},{"text":"international","start":10170.83,"end":10171.31},{"text":"law","start":10171.31,"end":10171.39},{"text":"and","start":10171.39,"end":10171.51},{"text":"UNCLOS.","start":10171.51,"end":10172.43}]},{"text":"Kuwait is using its experience to strengthen its ability to address these challenges.","start":10172.75,"end":10179.31,"topics":[],"words":[{"text":"Kuwait","start":10172.75,"end":10173.31},{"text":"is","start":10173.87,"end":10174.27},{"text":"using","start":10174.27,"end":10174.75},{"text":"its","start":10174.75,"end":10174.91},{"text":"experience","start":10174.91,"end":10175.71},{"text":"to","start":10175.95,"end":10176.27},{"text":"strengthen","start":10176.27,"end":10176.83},{"text":"its","start":10176.83,"end":10177.07},{"text":"ability","start":10177.07,"end":10177.79},{"text":"to","start":10177.79,"end":10178.15},{"text":"address","start":10178.15,"end":10178.43},{"text":"these","start":10178.43,"end":10178.67},{"text":"challenges.","start":10178.67,"end":10179.31}]},{"text":"The Kuwait Fund for Development has, since it was established in 1990, has contributed to the financing of more than 1,000 projects in many countries.","start":10179.31,"end":10193.07,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"The","start":10179.31,"end":10179.43},{"text":"Kuwait","start":10179.47,"end":10179.87},{"text":"Fund","start":10179.87,"end":10180.27},{"text":"for","start":10180.27,"end":10180.51},{"text":"Development","start":10180.51,"end":10181.47},{"text":"has,","start":10181.95,"end":10182.51},{"text":"since","start":10182.67,"end":10183.03},{"text":"it","start":10183.03,"end":10183.11},{"text":"was","start":10183.11,"end":10183.23},{"text":"established","start":10183.23,"end":10183.95},{"text":"in","start":10183.95,"end":10185.31},{"text":"1990,","start":10185.83,"end":10186.55},{"text":"has","start":10186.99,"end":10187.23},{"text":"contributed","start":10187.23,"end":10187.79},{"text":"to","start":10187.79,"end":10187.87},{"text":"the","start":10187.87,"end":10187.99},{"text":"financing","start":10187.99,"end":10188.59},{"text":"of","start":10190.07,"end":10190.19},{"text":"more","start":10190.19,"end":10190.31},{"text":"than","start":10190.31,"end":10190.43},{"text":"1,000","start":10190.43,"end":10191.23},{"text":"projects","start":10191.23,"end":10191.87},{"text":"in","start":10191.87,"end":10192.11},{"text":"many","start":10192.11,"end":10192.35},{"text":"countries.","start":10192.35,"end":10193.07}]},{"text":"We are strengthening our national capacities and sharing experience, and this is contributing to long-lasting achievements.","start":10193.55,"end":10203.95,"topics":[],"words":[{"text":"We","start":10193.55,"end":10193.87},{"text":"are","start":10193.87,"end":10193.95},{"text":"strengthening","start":10193.95,"end":10194.67},{"text":"our","start":10194.67,"end":10194.91},{"text":"national","start":10194.91,"end":10196.59},{"text":"capacities","start":10196.59,"end":10197.23},{"text":"and","start":10197.23,"end":10197.79},{"text":"sharing","start":10197.79,"end":10198.35},{"text":"experience,","start":10198.59,"end":10199.47},{"text":"and","start":10199.47,"end":10199.63},{"text":"this","start":10199.63,"end":10199.95},{"text":"is","start":10200.03,"end":10200.27},{"text":"contributing","start":10200.27,"end":10201.23},{"text":"to","start":10201.95,"end":10202.27},{"text":"long-lasting","start":10202.35,"end":10203.15},{"text":"achievements.","start":10203.15,"end":10203.95}]},{"text":"We recently launched a rapid response fund in order to guarantee the continuity of basic services in crisis 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need to talk about the humanitarian crisis in Gaza.","start":10215.07,"end":10219.87,"topics":[],"words":[{"text":"We","start":10215.07,"end":10215.55},{"text":"need","start":10215.95,"end":10216.27},{"text":"to","start":10216.27,"end":10216.47},{"text":"talk","start":10216.47,"end":10216.59},{"text":"about","start":10216.59,"end":10217.15},{"text":"the","start":10217.15,"end":10217.27},{"text":"humanitarian","start":10217.27,"end":10217.91},{"text":"crisis","start":10217.91,"end":10218.31},{"text":"in","start":10218.31,"end":10218.43},{"text":"Gaza.","start":10218.43,"end":10219.87}]},{"text":"92% of infrastructure has been affected.","start":10220.19,"end":10222.51,"topics":[],"words":[{"text":"92%","start":10220.19,"end":10220.23},{"text":"of","start":10220.23,"end":10220.59},{"text":"infrastructure","start":10220.91,"end":10221.51},{"text":"has","start":10221.51,"end":10221.63},{"text":"been","start":10221.63,"end":10221.79},{"text":"affected.","start":10221.79,"end":10222.51}]},{"text":"The unemployment rate is greater than 90 percent.","start":10223.47,"end":10226.71,"topics":[],"words":[{"text":"The","start":10223.47,"end":10223.51},{"text":"unemployment","start":10223.71,"end":10224.43},{"text":"rate","start":10224.51,"end":10225.23},{"text":"is","start":10225.23,"end":10225.39},{"text":"greater","start":10225.39,"end":10225.67},{"text":"than","start":10225.67,"end":10225.79},{"text":"90","start":10225.79,"end":10226.07},{"text":"percent.","start":10226.07,"end":10226.71}]},{"text":"Damage has reached more than 1.5 billion dollars.","start":10226.71,"end":10230.11,"topics":[],"words":[{"text":"Damage","start":10226.71,"end":10227.23},{"text":"has","start":10227.71,"end":10227.87},{"text":"reached","start":10227.87,"end":10228.19},{"text":"more","start":10228.75,"end":10228.87},{"text":"than","start":10228.87,"end":10229.15},{"text":"1.5","start":10229.15,"end":10229.47},{"text":"billion","start":10229.47,"end":10229.79},{"text":"dollars.","start":10229.79,"end":10230.11}]},{"text":"The State of Kuwait calls for support for the Palestinian economy and a guaranteeing of humanitarian assistance and for the strengthening of Palestinian organizations by supporting reconstruction efforts.","start":10230.11,"end":10240.59,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."}],"words":[{"text":"The","start":10230.11,"end":10230.23},{"text":"State","start":10230.23,"end":10230.43},{"text":"of","start":10230.43,"end":10230.51},{"text":"Kuwait","start":10230.51,"end":10230.83},{"text":"calls","start":10230.83,"end":10231.11},{"text":"for","start":10231.11,"end":10231.23},{"text":"support","start":10231.23,"end":10231.51},{"text":"for","start":10231.51,"end":10231.63},{"text":"the","start":10231.63,"end":10231.71},{"text":"Palestinian","start":10231.71,"end":10232.15},{"text":"economy","start":10232.15,"end":10232.59},{"text":"and","start":10232.59,"end":10232.75},{"text":"a","start":10232.75,"end":10232.79},{"text":"guaranteeing","start":10232.79,"end":10233.19},{"text":"of","start":10233.19,"end":10233.27},{"text":"humanitarian","start":10233.27,"end":10233.87},{"text":"assistance","start":10233.87,"end":10234.59},{"text":"and","start":10235.15,"end":10235.55},{"text":"for","start":10235.55,"end":10235.79},{"text":"the","start":10235.79,"end":10235.99},{"text":"strengthening","start":10236.03,"end":10236.75},{"text":"of","start":10236.99,"end":10237.23},{"text":"Palestinian","start":10237.23,"end":10237.75},{"text":"organizations","start":10237.75,"end":10238.43},{"text":"by","start":10238.43,"end":10238.59},{"text":"supporting","start":10238.59,"end":10239.31},{"text":"reconstruction","start":10239.63,"end":10240.27},{"text":"efforts.","start":10240.27,"end":10240.59}]},{"text":"In conclusion, we affirm that development is a responsibility, a shared responsibility that requires a reform of the international economic system in order to make sure that no state is left behind.","start":10240.59,"end":10252.43,"topics":[{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. 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This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."}],"words":[{"text":"Mr.","start":10268.47,"end":10268.79},{"text":"Chair,","start":10268.79,"end":10269.19},{"text":"the","start":10269.19,"end":10269.31},{"text":"annual","start":10269.31,"end":10269.99},{"text":"funding","start":10270.23,"end":10270.79},{"text":"gap","start":10270.79,"end":10271.19},{"text":"to","start":10271.19,"end":10271.31},{"text":"achieve","start":10271.31,"end":10271.91},{"text":"the","start":10271.91,"end":10272.15},{"text":"Sustainable","start":10272.23,"end":10272.75},{"text":"Development","start":10272.75,"end":10273.19},{"text":"Goals","start":10273.19,"end":10273.67},{"text":"is","start":10273.99,"end":10274.47},{"text":"more","start":10274.47,"end":10274.87},{"text":"than","start":10274.95,"end":10275.51},{"text":"$4","start":10276.63,"end":10276.67},{"text":"trillion.","start":10276.71,"end":10277.59}]},{"text":"At the same time, the reduction in official development assistance and growing debt service is reducing the fiscal space of developing countries.","start":10277.63,"end":10289.19,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."}],"words":[{"text":"At","start":10277.63,"end":10277.75},{"text":"the","start":10277.75,"end":10277.83},{"text":"same","start":10277.83,"end":10278.15},{"text":"time,","start":10278.15,"end":10278.79},{"text":"the","start":10279.19,"end":10279.39},{"text":"reduction","start":10279.67,"end":10280.55},{"text":"in","start":10280.55,"end":10280.71},{"text":"official","start":10280.71,"end":10281.11},{"text":"development","start":10281.11,"end":10281.75},{"text":"assistance","start":10281.75,"end":10282.55},{"text":"and","start":10282.55,"end":10283.03},{"text":"growing","start":10283.03,"end":10283.51},{"text":"debt","start":10283.51,"end":10283.99},{"text":"service","start":10284.07,"end":10284.95},{"text":"is","start":10285.35,"end":10285.83},{"text":"reducing","start":10285.83,"end":10286.55},{"text":"the","start":10286.55,"end":10286.79},{"text":"fiscal","start":10286.79,"end":10287.35},{"text":"space","start":10287.35,"end":10287.91},{"text":"of","start":10287.91,"end":10288.15},{"text":"developing","start":10288.15,"end":10288.55},{"text":"countries.","start":10288.55,"end":10289.19}]},{"text":"This situation is obvious.","start":10290.63,"end":10293.59,"topics":[],"words":[{"text":"This","start":10290.63,"end":10291.15},{"text":"situation","start":10291.15,"end":10291.75},{"text":"is","start":10291.75,"end":10292.31},{"text":"obvious.","start":10293.03,"end":10293.59}]},{"text":"despite states' efforts to put their finances in order, for example, through more advantageous loans that release more resources for development.","start":10294.27,"end":10304.75,"topics":[{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. 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Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Costa","start":10327.67,"end":10328.07},{"text":"Rica","start":10328.07,"end":10328.63},{"text":"calls","start":10329.27,"end":10329.83},{"text":"for","start":10329.83,"end":10330.39},{"text":"expanded","start":10330.55,"end":10331.11},{"text":"access","start":10331.11,"end":10331.59},{"text":"to","start":10331.59,"end":10331.99},{"text":"concessional","start":10331.99,"end":10332.63},{"text":"financing","start":10332.63,"end":10333.43},{"text":"and","start":10333.67,"end":10334.11},{"text":"to","start":10334.11,"end":10334.55},{"text":"innovative","start":10334.55,"end":10335.19},{"text":"instruments","start":10335.19,"end":10335.99},{"text":"that","start":10335.99,"end":10336.31},{"text":"respond","start":10336.31,"end":10336.95},{"text":"to","start":10336.95,"end":10337.35},{"text":"the","start":10337.51,"end":10337.71},{"text":"needs","start":10337.83,"end":10338.39},{"text":"and","start":10338.39,"end":10338.59},{"text":"vulnerabilities","start":10338.59,"end":10339.27},{"text":"of","start":10339.27,"end":10339.35},{"text":"each","start":10339.35,"end":10339.59},{"text":"country.","start":10339.59,"end":10340.15}]},{"text":"Costa Rica believes it is essential to make the particular situation of those countries which, despite they have achieved upper income level indicators, they continue to face structural gaps and persistent vulnerabilities which have reached indicators along the levels of upper income countries.","start":10340.63,"end":10363.27,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."}],"words":[{"text":"Costa","start":10340.63,"end":10340.95},{"text":"Rica","start":10340.95,"end":10341.43},{"text":"believes","start":10341.83,"end":10342.15},{"text":"it","start":10342.15,"end":10342.31},{"text":"is","start":10342.31,"end":10342.39},{"text":"essential","start":10342.39,"end":10343.11},{"text":"to","start":10343.83,"end":10344.47},{"text":"make","start":10344.95,"end":10345.27},{"text":"the","start":10345.27,"end":10345.43},{"text":"particular","start":10345.43,"end":10345.99},{"text":"situation","start":10345.99,"end":10346.95},{"text":"of","start":10347.27,"end":10347.59},{"text":"those","start":10347.59,"end":10347.99},{"text":"countries","start":10347.99,"end":10348.55},{"text":"which,","start":10348.55,"end":10348.87},{"text":"despite","start":10348.99,"end":10349.47},{"text":"they","start":10349.47,"end":10349.59},{"text":"have","start":10349.59,"end":10349.75},{"text":"achieved","start":10349.75,"end":10350.39},{"text":"upper","start":10352.11,"end":10352.39},{"text":"income","start":10352.39,"end":10352.79},{"text":"level","start":10352.87,"end":10353.43},{"text":"indicators,","start":10353.67,"end":10354.63},{"text":"they","start":10354.95,"end":10355.11},{"text":"continue","start":10355.11,"end":10355.67},{"text":"to","start":10355.67,"end":10355.79},{"text":"face","start":10355.79,"end":10356.27},{"text":"structural","start":10356.27,"end":10356.79},{"text":"gaps","start":10356.79,"end":10357.19},{"text":"and","start":10357.19,"end":10357.35},{"text":"persistent","start":10357.35,"end":10357.91},{"text":"vulnerabilities","start":10357.91,"end":10359.03},{"text":"which","start":10359.03,"end":10359.35},{"text":"have","start":10359.35,"end":10359.59},{"text":"reached","start":10359.83,"end":10360.23},{"text":"indicators","start":10360.23,"end":10360.79},{"text":"along","start":10360.79,"end":10360.95},{"text":"the","start":10360.95,"end":10361.03},{"text":"levels","start":10361.03,"end":10361.51},{"text":"of","start":10361.51,"end":10361.75},{"text":"upper","start":10362.15,"end":10362.51},{"text":"income","start":10362.51,"end":10362.79},{"text":"countries.","start":10362.79,"end":10363.27}]},{"text":"That needs to be made more visible.","start":10363.27,"end":10364.87,"topics":[],"words":[{"text":"That","start":10363.27,"end":10363.51},{"text":"needs","start":10363.51,"end":10363.75},{"text":"to","start":10363.75,"end":10363.87},{"text":"be","start":10363.87,"end":10363.99},{"text":"made","start":10363.99,"end":10364.23},{"text":"more","start":10364.23,"end":10364.39},{"text":"visible.","start":10364.39,"end":10364.87}]},{"text":"It's therefore necessary to keep working on metrics and classification criteria and access to cooperation and financing criteria which properly reflect the multidimensional nature of development.","start":10365.79,"end":10376.63,"topics":[{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. 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Rica.","start":10447.59,"end":10450.31,"topics":[],"words":[{"text":"I","start":10447.59,"end":10447.91},{"text":"thank","start":10448.15,"end":10448.39},{"text":"the","start":10448.39,"end":10448.51},{"text":"representative","start":10448.51,"end":10449.27},{"text":"of","start":10449.27,"end":10449.51},{"text":"Costa","start":10449.51,"end":10449.83},{"text":"Rica.","start":10449.83,"end":10450.31}]},{"text":"We have heard the last speaker for this morning.","start":10451.59,"end":10454.23,"topics":[],"words":[{"text":"We","start":10451.59,"end":10451.83},{"text":"have","start":10451.83,"end":10452.15},{"text":"heard","start":10452.15,"end":10452.43},{"text":"the","start":10452.43,"end":10452.51},{"text":"last","start":10452.51,"end":10452.75},{"text":"speaker","start":10452.75,"end":10453.27},{"text":"for","start":10453.35,"end":10453.59},{"text":"this","start":10453.59,"end":10453.75},{"text":"morning.","start":10453.75,"end":10454.23}]},{"text":"The committee will reconvene this afternoon at 3:00 p.m. in this room to conclude the joint general discussion of agenda items 15 and 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consult the live list of speakers for the latest list.","start":10463.99,"end":10467.55,"topics":[],"words":[{"text":"Please","start":10463.99,"end":10464.35},{"text":"consult","start":10464.35,"end":10464.75},{"text":"the","start":10464.75,"end":10464.87},{"text":"live","start":10464.87,"end":10465.07},{"text":"list","start":10465.07,"end":10465.47},{"text":"of","start":10465.47,"end":10465.63},{"text":"speakers","start":10465.63,"end":10466.27},{"text":"for","start":10466.27,"end":10466.43},{"text":"the","start":10466.43,"end":10466.55},{"text":"latest","start":10466.55,"end":10467.07},{"text":"list.","start":10467.07,"end":10467.55}]},{"text":"I remind delegations that the deadline for the submission of draft proposals under agenda item 15 and its sub-items A to D and agenda item 16 is Monday, 12 October at 3:00 p.m.","start":10468.19,"end":10481.31,"topics":[],"words":[{"text":"I","start":10468.19,"end":10468.35},{"text":"remind","start":10468.35,"end":10468.71},{"text":"delegations","start":10468.71,"end":10469.39},{"text":"that","start":10469.39,"end":10469.51},{"text":"the","start":10469.51,"end":10469.59},{"text":"deadline","start":10469.59,"end":10470.27},{"text":"for","start":10470.27,"end":10470.43},{"text":"the","start":10470.43,"end":10470.51},{"text":"submission","start":10470.51,"end":10471.15},{"text":"of","start":10471.15,"end":10471.47},{"text":"draft","start":10471.47,"end":10471.99},{"text":"proposals","start":10471.99,"end":10472.67},{"text":"under","start":10472.67,"end":10472.95},{"text":"agenda","start":10472.95,"end":10473.23},{"text":"item","start":10473.23,"end":10473.55},{"text":"15","start":10473.55,"end":10474.11},{"text":"and","start":10474.11,"end":10474.31},{"text":"its","start":10474.31,"end":10474.47},{"text":"sub-items","start":10474.47,"end":10475.23},{"text":"A","start":10475.47,"end":10475.51},{"text":"to","start":10475.55,"end":10475.79},{"text":"D","start":10475.79,"end":10476.19},{"text":"and","start":10476.59,"end":10476.91},{"text":"agenda","start":10476.91,"end":10477.23},{"text":"item","start":10477.23,"end":10477.47},{"text":"16","start":10477.47,"end":10478.11},{"text":"is","start":10478.11,"end":10478.51},{"text":"Monday,","start":10478.59,"end":10479.15},{"text":"12","start":10479.39,"end":10479.75},{"text":"October","start":10479.75,"end":10480.35},{"text":"at","start":10480.35,"end":10480.83},{"text":"3:00","start":10480.83,"end":10480.87},{"text":"p.m.","start":10480.87,"end":10481.31}]},{"text":"And 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Delegations also stressed the impact of tariffs, non-tariff barriers, disrupted supply chains, and high trade costs on developing countries’ ability to diversify and grow."},{"key":"debt-sustainability","label":"Debt Sustainability and Debt Relief","description":"Many statements highlighted rising debt-service costs, shrinking fiscal space, and the need for a fairer international debt architecture. Delegations discussed debt restructuring, debt swaps, debt pause clauses, the Borrowers Platform, and ways to prevent debt burdens from crowding out spending on health, education, and infrastructure."},{"key":"illicit-finance-tax","label":"Illicit Financial Flows and Tax Cooperation","description":"Several interventions addressed the need to combat illicit financial flows through stronger international coordination, better data, and improved asset recovery. Speakers also linked this to international tax cooperation, domestic resource mobilization, anti-money-laundering efforts, and the ongoing UN tax convention process."},{"key":"productive-investment","label":"Productive Investment and Economic Transformation","description":"Many speakers focused on how investment should support structural transformation rather than remain concentrated in a few countries or sectors. This included discussion of FDI patterns, industrial policy, manufacturing, infrastructure, value addition, MSME support, and investment in strategic sectors such as semiconductors, critical minerals, and digital infrastructure."},{"key":"digital-creative-economy","label":"Digital and Creative Economy","description":"Speakers highlighted digital transformation, artificial intelligence, and the creative economy as emerging drivers of growth, jobs, and inclusion. At the same time, they warned about unequal access, concentration of AI investment, digital divides, and the need for better skills, regulation, and intellectual property frameworks."},{"key":"financing-for-development","label":"Financing for Development Implementation","description":"Speakers repeatedly focused on implementing the Seville Commitment and other financing for development outcomes to close the SDG financing gap. This included calls for more predictable concessional finance, stronger multilateral development banks, restored official development assistance, and better alignment of finance with national development priorities."},{"key":"maritime-trade-disruptions","label":"Maritime Trade and Energy Route Disruptions","description":"Multiple speakers raised the economic effects of disruptions in key maritime corridors, especially the Strait of Hormuz and Bab al-Mandab. These disruptions were linked to higher energy and transport costs, supply-chain instability, and greater vulnerability for developing economies dependent on imported fuel, food, and trade flows."},{"key":"vulnerability-based-finance","label":"Vulnerability-Based Access to Finance","description":"A recurring topic was the inadequacy of income per capita alone as a basis for access to concessional finance and international support. Small island developing states and many middle-income countries argued for metrics such as the multidimensional vulnerability index and broader measures beyond GDP to reflect climate, economic, and structural vulnerabilities."},{"key":"financial-architecture-reform","label":"International Financial Architecture Reform","description":"Delegations repeatedly called for reform of the global financial system so it better serves developing countries. Key concerns included stronger voice and representation in international financial institutions, fairer credit-rating practices, better access to liquidity, SDR rechanneling, and a more effective global financial safety net."}]}}