{"disclaimer":"Automatically generated transcript — may contain errors. Not an official United Nations record.","video":{"id":"k17/k1758347pj","kaltura_id":"1_758347pj","title":"(2nd meeting) 2026 ECOSOC Forum on Financing for Development Follow-Up (FfD Forum)","clean_title":"(2nd meeting) 2026 ECOSOC Forum on Financing for Development Follow-Up (FfD Forum)","url":"https://webtv.un.org/en/asset/k17/k1758347pj","date":"2026-04-20T00:00:00.000Z","scheduled_time":"2026-04-20T19:00:00.000Z","status":"finished","duration":"03:00:19","category":"Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k17/k1758347pj"},"metadata":{"summary":"The 2026 ECOSOC Forum on Financing for Development Follow-Up (FfD Forum) – a key mechanism of the Financing for Development process, will be held on 20-24 April 2026. ","description":"2026 in-depth review: International financial architecture and systemic issues (Ministerial session)Transforming the international financial architecture: Priorities for reform General Debate The Forum this year assumes added importance and a critical role in mobilizing momentum and concrete solutions from the 4th International Conference on Financing for Development (FFD4) held in Sevilla in June 2025. The 2026 Forum will feature in-depth reviews of four action areas - on Domestic and International Private Business and Finance, International Trade as an Engine for Development, International Financial Architecture and Systemic Issues, and Data, Monitoring and Follow-up, as well as Special focus on Debt and Debt Sustainability, International Development Cooperation and Development Effectiveness, and Domestic Public Resources. The FfD Forum will also be accompanied by the SDG Investment Fair, Special High-level Meetings and the Fin4Dev Dialogues.","categories":["Meetings & Events","Conferences","International Conference on Financing for Development","Fourth Session"],"geographic_subject":[],"subject_topical":["FINANCING","DEVELOPMENT"],"corporate_name":["INTERNATIONAL CONFERENCE ON FINANCING FOR DEVELOPMENT - FFD"],"speaker_affiliation":[],"related_documents":[]},"transcript":{"transcript_id":"gemini-2ec7e00d-a309-472e-bfb2-add8065a1db5","language":"en","data":[{"statement_number":1,"paragraphs":[{"sentences":[{"text":"Dear colleagues, let's start.","start":1213,"end":1215.222,"topics":[],"words":[{"text":"Dear","start":1213,"end":1213.556},{"text":"colleagues,","start":1213.556,"end":1214.111},{"text":"let's","start":1214.111,"end":1214.667},{"text":"start.","start":1214.667,"end":1215.222}]},{"text":"I call to order the second meeting of the 2026 session of the Economic and Social Council Forum on 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follow-up.","start":1215.222,"end":1228,"topics":[],"words":[{"text":"I","start":1215.222,"end":1215.778},{"text":"call","start":1215.778,"end":1216.333},{"text":"to","start":1216.333,"end":1216.889},{"text":"order","start":1216.889,"end":1217.444},{"text":"the","start":1217.444,"end":1218},{"text":"second","start":1218,"end":1218.556},{"text":"meeting","start":1218.556,"end":1219.111},{"text":"of","start":1219.111,"end":1219.667},{"text":"the","start":1219.667,"end":1220.222},{"text":"2026","start":1220.222,"end":1220.778},{"text":"session","start":1220.778,"end":1221.333},{"text":"of","start":1221.333,"end":1221.889},{"text":"the","start":1221.889,"end":1222.444},{"text":"Economic","start":1222.444,"end":1223},{"text":"and","start":1223,"end":1223.556},{"text":"Social","start":1223.556,"end":1224.111},{"text":"Council","start":1224.111,"end":1224.667},{"text":"Forum","start":1224.667,"end":1225.222},{"text":"on","start":1225.222,"end":1225.778},{"text":"Financing","start":1225.778,"end":1226.333},{"text":"for","start":1226.333,"end":1226.889},{"text":"Development","start":1226.889,"end":1227.444},{"text":"follow-up.","start":1227.444,"end":1228}]}]},{"sentences":[{"text":"Excellencies, distinguished delegates, I invite the forum to continue its consideration of sub-item (d) of agenda item 2, entitled \"In-depth review of action areas of the Sevilla Commitment\", to hold a ministerial round table on transforming the international financial architecture: priorities for 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am pleased to welcome the distinguished presenters for this discussion.","start":1251.64,"end":1256.92,"topics":[],"words":[{"text":"I","start":1251.64,"end":1252.12},{"text":"am","start":1252.12,"end":1252.6},{"text":"pleased","start":1252.6,"end":1253.08},{"text":"to","start":1253.08,"end":1253.56},{"text":"welcome","start":1253.56,"end":1254.04},{"text":"the","start":1254.04,"end":1254.52},{"text":"distinguished","start":1254.52,"end":1255},{"text":"presenters","start":1255,"end":1255.48},{"text":"for","start":1255.48,"end":1255.96},{"text":"this","start":1255.96,"end":1256.44},{"text":"discussion.","start":1256.44,"end":1256.92}]},{"text":"I also welcome Mr. Pedro Manuel Moreno, Acting Secretary-General at the United Nations Trade and Development, who will moderate the 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turning the meeting over to the moderator, I would like to remind participants that there is no pre-established list of speakers for the 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also take the opportunity to remind participants that the time limit for interventions will be three minutes for statements on behalf of groups and two minutes for statements by individual delegations and 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necessary, please note that given the limited time available, the microphone may be automatically cut off when the allotted time has 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is in the interest of hearing all inscribed speakers.","start":1309.724,"end":1313.793,"topics":[],"words":[{"text":"This","start":1309.724,"end":1310.131},{"text":"is","start":1310.131,"end":1310.538},{"text":"in","start":1310.538,"end":1310.945},{"text":"the","start":1310.945,"end":1311.352},{"text":"interest","start":1311.352,"end":1311.759},{"text":"of","start":1311.759,"end":1312.166},{"text":"hearing","start":1312.166,"end":1312.572},{"text":"all","start":1312.572,"end":1312.979},{"text":"inscribed","start":1312.979,"end":1313.386},{"text":"speakers.","start":1313.386,"end":1313.793}]},{"text":"Having said this, I now turn the meeting over to the moderator.","start":1313.793,"end":1318.676,"topics":[],"words":[{"text":"Having","start":1313.793,"end":1314.2},{"text":"said","start":1314.2,"end":1314.607},{"text":"this,","start":1314.607,"end":1315.014},{"text":"I","start":1315.014,"end":1315.421},{"text":"now","start":1315.421,"end":1315.828},{"text":"turn","start":1315.828,"end":1316.234},{"text":"the","start":1316.234,"end":1316.641},{"text":"meeting","start":1316.641,"end":1317.048},{"text":"over","start":1317.048,"end":1317.455},{"text":"to","start":1317.455,"end":1317.862},{"text":"the","start":1317.862,"end":1318.269},{"text":"moderator.","start":1318.269,"end":1318.676}]},{"text":"I look forward to an open, constructive, and productive exchange of views.","start":1318.676,"end":1323.559,"topics":[],"words":[{"text":"I","start":1318.676,"end":1319.083},{"text":"look","start":1319.083,"end":1319.49},{"text":"forward","start":1319.49,"end":1319.897},{"text":"to","start":1319.897,"end":1320.303},{"text":"an","start":1320.303,"end":1320.71},{"text":"open,","start":1320.71,"end":1321.117},{"text":"constructive,","start":1321.117,"end":1321.524},{"text":"and","start":1321.524,"end":1321.931},{"text":"productive","start":1321.931,"end":1322.338},{"text":"exchange","start":1322.338,"end":1322.745},{"text":"of","start":1322.745,"end":1323.152},{"text":"views.","start":1323.152,"end":1323.559}]},{"text":"Mr. Moreno, you have the 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its core, an international financial architecture is a system of trust.","start":1338.383,"end":1344.074,"topics":[],"words":[{"text":"At","start":1338.383,"end":1338.857},{"text":"its","start":1338.857,"end":1339.331},{"text":"core,","start":1339.331,"end":1339.806},{"text":"an","start":1339.806,"end":1340.28},{"text":"international","start":1340.28,"end":1340.754},{"text":"financial","start":1340.754,"end":1341.229},{"text":"architecture","start":1341.229,"end":1341.703},{"text":"is","start":1341.703,"end":1342.177},{"text":"a","start":1342.177,"end":1342.651},{"text":"system","start":1342.651,"end":1343.126},{"text":"of","start":1343.126,"end":1343.6},{"text":"trust.","start":1343.6,"end":1344.074}]},{"text":"Trust that when a country faces a shock it cannot absorb alone, the world will 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fraying.","start":1351.663,"end":1354.034,"topics":[],"words":[{"text":"And","start":1351.663,"end":1352.137},{"text":"that","start":1352.137,"end":1352.611},{"text":"trust","start":1352.611,"end":1353.086},{"text":"is","start":1353.086,"end":1353.56},{"text":"fraying.","start":1353.56,"end":1354.034}]},{"text":"And today we ask: what will it take to rebuild it?","start":1354.034,"end":1359.251,"topics":[],"words":[{"text":"And","start":1354.034,"end":1354.509},{"text":"today","start":1354.509,"end":1354.983},{"text":"we","start":1354.983,"end":1355.457},{"text":"ask:","start":1355.457,"end":1355.931},{"text":"what","start":1355.931,"end":1356.406},{"text":"will","start":1356.406,"end":1356.88},{"text":"it","start":1356.88,"end":1357.354},{"text":"take","start":1357.354,"end":1357.829},{"text":"to","start":1357.829,"end":1358.303},{"text":"rebuild","start":1358.303,"end":1358.777},{"text":"it?","start":1358.777,"end":1359.251}]},{"text":"To discuss this, we have assembled a panel that brings together the full range of perspectives this question 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Excellency Ms. Kenyeh Barlay, Minister of Planning and Economic Development of Sierra Leone, a development practitioner with over 35 years of experience and former Executive Director of the African Development Bank 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Fahad Al-Sulaiti, Director General of the Qatar Fund for Development, Qatar's development agency deploying grants, concessional loans, and blended instruments across over 60 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Monsieur Thomas Revial, Assistant Secretary for Multilateral Affairs at the French Treasury and Co-Chairman of the Paris Club, the creditor coordination mechanism at the center of sovereign debt restructuring.","start":1395.771,"end":1410,"topics":[],"words":[{"text":"And","start":1395.771,"end":1396.246},{"text":"Monsieur","start":1396.246,"end":1396.72},{"text":"Thomas","start":1396.72,"end":1397.194},{"text":"Revial,","start":1397.194,"end":1397.669},{"text":"Assistant","start":1397.669,"end":1398.143},{"text":"Secretary","start":1398.143,"end":1398.617},{"text":"for","start":1398.617,"end":1399.091},{"text":"Multilateral","start":1399.091,"end":1399.566},{"text":"Affairs","start":1399.566,"end":1400.04},{"text":"at","start":1400.04,"end":1400.514},{"text":"the","start":1400.514,"end":1400.989},{"text":"French","start":1400.989,"end":1401.463},{"text":"Treasury","start":1401.463,"end":1401.937},{"text":"and","start":1401.937,"end":1402.411},{"text":"Co-Chairman","start":1402.411,"end":1402.886},{"text":"of","start":1402.886,"end":1403.36},{"text":"the","start":1403.36,"end":1403.834},{"text":"Paris","start":1403.834,"end":1404.309},{"text":"Club,","start":1404.309,"end":1404.783},{"text":"the","start":1404.783,"end":1405.257},{"text":"creditor","start":1405.257,"end":1405.731},{"text":"coordination","start":1405.731,"end":1406.206},{"text":"mechanism","start":1406.206,"end":1406.68},{"text":"at","start":1406.68,"end":1407.154},{"text":"the","start":1407.154,"end":1407.629},{"text":"center","start":1407.629,"end":1408.103},{"text":"of","start":1408.103,"end":1408.577},{"text":"sovereign","start":1408.577,"end":1409.051},{"text":"debt","start":1409.051,"end":1409.526},{"text":"restructuring.","start":1409.526,"end":1410}]}]},{"sentences":[{"text":"I want to make two very quick points before giving them the floor.","start":1410,"end":1415.742,"topics":[],"words":[{"text":"I","start":1410,"end":1410.442},{"text":"want","start":1410.442,"end":1410.883},{"text":"to","start":1410.883,"end":1411.325},{"text":"make","start":1411.325,"end":1411.767},{"text":"two","start":1411.767,"end":1412.209},{"text":"very","start":1412.209,"end":1412.65},{"text":"quick","start":1412.65,"end":1413.092},{"text":"points","start":1413.092,"end":1413.534},{"text":"before","start":1413.534,"end":1413.975},{"text":"giving","start":1413.975,"end":1414.417},{"text":"them","start":1414.417,"end":1414.859},{"text":"the","start":1414.859,"end":1415.301},{"text":"floor.","start":1415.301,"end":1415.742}]},{"text":"The system we built after Bretton Woods was remarkable, but it was built for a different 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a crisis hits, they are the first to lose access to capital and the last to recover it. 3.4 billion people live in countries spending more on debt servicing than on health or 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that is a structural failure, not a local one.","start":1447.546,"end":1451.963,"topics":[],"words":[{"text":"And","start":1447.546,"end":1447.988},{"text":"that","start":1447.988,"end":1448.429},{"text":"is","start":1448.429,"end":1448.871},{"text":"a","start":1448.871,"end":1449.313},{"text":"structural","start":1449.313,"end":1449.755},{"text":"failure,","start":1449.755,"end":1450.196},{"text":"not","start":1450.196,"end":1450.638},{"text":"a","start":1450.638,"end":1451.08},{"text":"local","start":1451.08,"end":1451.521},{"text":"one.","start":1451.521,"end":1451.963}]},{"text":"There has been progress.","start":1451.963,"end":1453.73,"topics":[],"words":[{"text":"There","start":1451.963,"end":1452.405},{"text":"has","start":1452.405,"end":1452.847},{"text":"been","start":1452.847,"end":1453.288},{"text":"progress.","start":1453.288,"end":1453.73}]},{"text":"SDR allocations delivered 650 billion US dollars in liquidity during COVID.","start":1453.73,"end":1458.589,"topics":[],"words":[{"text":"SDR","start":1453.73,"end":1454.172},{"text":"allocations","start":1454.172,"end":1454.613},{"text":"delivered","start":1454.613,"end":1455.055},{"text":"650","start":1455.055,"end":1455.497},{"text":"billion","start":1455.497,"end":1455.939},{"text":"US","start":1455.939,"end":1456.38},{"text":"dollars","start":1456.38,"end":1456.822},{"text":"in","start":1456.822,"end":1457.264},{"text":"liquidity","start":1457.264,"end":1457.706},{"text":"during","start":1457.706,"end":1458.147},{"text":"COVID.","start":1458.147,"end":1458.589}]},{"text":"The Sevilla Commitment, adopted last July at FfD4, named the gaps and set a reform roadmap on governance, liquidity, debt, and regulatory 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just last week in Washington, we launched the Borrowers' Platform, with UNCTAD as its secretariat, giving borrowing countries a permanent forum to share knowledge and speak collectively on 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much work remains to complete the architecture and make it work for all.","start":1483,"end":1488.88,"topics":[],"words":[{"text":"But","start":1483,"end":1483.42},{"text":"much","start":1483.42,"end":1483.84},{"text":"work","start":1483.84,"end":1484.26},{"text":"remains","start":1484.26,"end":1484.68},{"text":"to","start":1484.68,"end":1485.1},{"text":"complete","start":1485.1,"end":1485.52},{"text":"the","start":1485.52,"end":1485.94},{"text":"architecture","start":1485.94,"end":1486.36},{"text":"and","start":1486.36,"end":1486.78},{"text":"make","start":1486.78,"end":1487.2},{"text":"it","start":1487.2,"end":1487.62},{"text":"work","start":1487.62,"end":1488.04},{"text":"for","start":1488.04,"end":1488.46},{"text":"all.","start":1488.46,"end":1488.88}]},{"text":"Our three guiding questions map directly onto the Sevilla Commitment's pillars: How do we strengthen the voice of developing countries in global economic governance?","start":1488.88,"end":1498.96,"topics":[],"words":[{"text":"Our","start":1488.88,"end":1489.3},{"text":"three","start":1489.3,"end":1489.72},{"text":"guiding","start":1489.72,"end":1490.14},{"text":"questions","start":1490.14,"end":1490.56},{"text":"map","start":1490.56,"end":1490.98},{"text":"directly","start":1490.98,"end":1491.4},{"text":"onto","start":1491.4,"end":1491.82},{"text":"the","start":1491.82,"end":1492.24},{"text":"Sevilla","start":1492.24,"end":1492.66},{"text":"Commitment's","start":1492.66,"end":1493.08},{"text":"pillars:","start":1493.08,"end":1493.5},{"text":"How","start":1493.5,"end":1493.92},{"text":"do","start":1493.92,"end":1494.34},{"text":"we","start":1494.34,"end":1494.76},{"text":"strengthen","start":1494.76,"end":1495.18},{"text":"the","start":1495.18,"end":1495.6},{"text":"voice","start":1495.6,"end":1496.02},{"text":"of","start":1496.02,"end":1496.44},{"text":"developing","start":1496.44,"end":1496.86},{"text":"countries","start":1496.86,"end":1497.28},{"text":"in","start":1497.28,"end":1497.7},{"text":"global","start":1497.7,"end":1498.12},{"text":"economic","start":1498.12,"end":1498.54},{"text":"governance?","start":1498.54,"end":1498.96}]},{"text":"How do we improve the adequacy and accessibility of the global financial safety net?","start":1498.96,"end":1504.84,"topics":[],"words":[{"text":"How","start":1498.96,"end":1499.38},{"text":"do","start":1499.38,"end":1499.8},{"text":"we","start":1499.8,"end":1500.22},{"text":"improve","start":1500.22,"end":1500.64},{"text":"the","start":1500.64,"end":1501.06},{"text":"adequacy","start":1501.06,"end":1501.48},{"text":"and","start":1501.48,"end":1501.9},{"text":"accessibility","start":1501.9,"end":1502.32},{"text":"of","start":1502.32,"end":1502.74},{"text":"the","start":1502.74,"end":1503.16},{"text":"global","start":1503.16,"end":1503.58},{"text":"financial","start":1503.58,"end":1504},{"text":"safety","start":1504,"end":1504.42},{"text":"net?","start":1504.42,"end":1504.84}]},{"text":"And how do we manage new systemic risks: digital assets, climate-related exposures, market fragmentation, without raising new barriers for countries still building their financial 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will now yield the floor to our distinguished panelists, starting with Minister Barlay of Sierra Leone.","start":1515.34,"end":1522.48,"topics":[],"words":[{"text":"I","start":1515.34,"end":1515.76},{"text":"will","start":1515.76,"end":1516.18},{"text":"now","start":1516.18,"end":1516.6},{"text":"yield","start":1516.6,"end":1517.02},{"text":"the","start":1517.02,"end":1517.44},{"text":"floor","start":1517.44,"end":1517.86},{"text":"to","start":1517.86,"end":1518.28},{"text":"our","start":1518.28,"end":1518.7},{"text":"distinguished","start":1518.7,"end":1519.12},{"text":"panelists,","start":1519.12,"end":1519.54},{"text":"starting","start":1519.54,"end":1519.96},{"text":"with","start":1519.96,"end":1520.38},{"text":"Minister","start":1520.38,"end":1520.8},{"text":"Barlay","start":1520.8,"end":1521.22},{"text":"of","start":1521.22,"end":1521.64},{"text":"Sierra","start":1521.64,"end":1522.06},{"text":"Leone.","start":1522.06,"end":1522.48}]},{"text":"Minister Barlay, the floor is yours.","start":1522.48,"end":1525,"topics":[],"words":[{"text":"Minister","start":1522.48,"end":1522.9},{"text":"Barlay,","start":1522.9,"end":1523.32},{"text":"the","start":1523.32,"end":1523.74},{"text":"floor","start":1523.74,"end":1524.16},{"text":"is","start":1524.16,"end":1524.58},{"text":"yours.","start":1524.58,"end":1525}]}]}],"speaker":{"name":"Pedro Manuel Moreno","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":3,"paragraphs":[{"sentences":[{"text":"Thank you, Chair. And I must say I'm honored to contribute to this important discussion on transforming the international financial architecture at a time when the global system faces increasing strain and 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on the priorities that should guide our efforts to advance Sevilla Commitment, at the core of strengthening global economic governance must be a fundamental rebalancing of the voice and representation.","start":1558.866,"end":1574.799,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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governance structures in key institutions such as the International Monetary Fund and the World Bank do not adequately reflect the realities of today's global economy.","start":1574.799,"end":1588.162,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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African countries and least developed countries, limited voting power constrains our ability to influence decisions directly affecting our stability and development trajectory.","start":1588.162,"end":1599.983,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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important is the need to institutionalize the inclusion of fragile and conflict-affected states, like the G7+ group.","start":1619,"end":1628.429,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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institutions, limited fiscal buffers, and heightened exposure to shocks.","start":1628.429,"end":1637.333,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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realities.","start":1637.333,"end":1645.19,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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will go on to the second point, because I don't want to use all the ideas.","start":1657.762,"end":1666.667,"topics":[],"words":[{"text":"I","start":1657.762,"end":1658.286},{"text":"will","start":1658.286,"end":1658.81},{"text":"go","start":1658.81,"end":1659.333},{"text":"on","start":1659.333,"end":1659.857},{"text":"to","start":1659.857,"end":1660.381},{"text":"the","start":1660.381,"end":1660.905},{"text":"second","start":1660.905,"end":1661.429},{"text":"point,","start":1661.429,"end":1661.952},{"text":"because","start":1661.952,"end":1662.476},{"text":"I","start":1662.476,"end":1663},{"text":"don't","start":1663,"end":1663.524},{"text":"want","start":1663.524,"end":1664.048},{"text":"to","start":1664.048,"end":1664.571},{"text":"use","start":1664.571,"end":1665.095},{"text":"all","start":1665.095,"end":1665.619},{"text":"the","start":1665.619,"end":1666.143},{"text":"ideas.","start":1666.143,"end":1666.667}]},{"text":"So in reference to what changes are needed to improve adequacy, accessibility, and coordination.","start":1666.667,"end":1674,"topics":[],"words":[{"text":"So","start":1666.667,"end":1667.19},{"text":"in","start":1667.19,"end":1667.714},{"text":"reference","start":1667.714,"end":1668.238},{"text":"to","start":1668.238,"end":1668.762},{"text":"what","start":1668.762,"end":1669.286},{"text":"changes","start":1669.286,"end":1669.81},{"text":"are","start":1669.81,"end":1670.333},{"text":"needed","start":1670.333,"end":1670.857},{"text":"to","start":1670.857,"end":1671.381},{"text":"improve","start":1671.381,"end":1671.905},{"text":"adequacy,","start":1671.905,"end":1672.429},{"text":"accessibility,","start":1672.429,"end":1672.952},{"text":"and","start":1672.952,"end":1673.476},{"text":"coordination.","start":1673.476,"end":1674}]}]},{"sentences":[{"text":"Mr. Chair, once again turning to the global financial safety net, it is evident that it must be strengthened to respond more effectively to 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support."}],"words":[{"text":"Mr.","start":1675,"end":1675.44},{"text":"Chair,","start":1675.44,"end":1675.879},{"text":"once","start":1675.879,"end":1676.319},{"text":"again","start":1676.319,"end":1676.759},{"text":"turning","start":1676.759,"end":1677.199},{"text":"to","start":1677.199,"end":1677.638},{"text":"the","start":1677.638,"end":1678.078},{"text":"global","start":1678.078,"end":1678.518},{"text":"financial","start":1678.518,"end":1678.957},{"text":"safety","start":1678.957,"end":1679.397},{"text":"net,","start":1679.397,"end":1679.837},{"text":"it","start":1679.837,"end":1680.277},{"text":"is","start":1680.277,"end":1680.716},{"text":"evident","start":1680.716,"end":1681.156},{"text":"that","start":1681.156,"end":1681.596},{"text":"it","start":1681.596,"end":1682.035},{"text":"must","start":1682.035,"end":1682.475},{"text":"be","start":1682.475,"end":1682.915},{"text":"strengthened","start":1682.915,"end":1683.355},{"text":"to","start":1683.355,"end":1683.794},{"text":"respond","start":1683.794,"end":1684.234},{"text":"more","start":1684.234,"end":1684.674},{"text":"effectively","start":1684.674,"end":1685.113},{"text":"to","start":1685.113,"end":1685.553},{"text":"shocks.","start":1685.553,"end":1685.993}]},{"text":"In times of crisis, speed and accessibility are essential.","start":1685.993,"end":1689.95,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"In","start":1685.993,"end":1686.433},{"text":"times","start":1686.433,"end":1686.872},{"text":"of","start":1686.872,"end":1687.312},{"text":"crisis,","start":1687.312,"end":1687.752},{"text":"speed","start":1687.752,"end":1688.191},{"text":"and","start":1688.191,"end":1688.631},{"text":"accessibility","start":1688.631,"end":1689.071},{"text":"are","start":1689.071,"end":1689.511},{"text":"essential.","start":1689.511,"end":1689.95}]},{"text":"Yet least developed countries face delays and stringent conditions when attempting to access emergency financing.","start":1689.95,"end":1696.546,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"Yet","start":1689.95,"end":1690.39},{"text":"least","start":1690.39,"end":1690.83},{"text":"developed","start":1690.83,"end":1691.27},{"text":"countries","start":1691.27,"end":1691.709},{"text":"face","start":1691.709,"end":1692.149},{"text":"delays","start":1692.149,"end":1692.589},{"text":"and","start":1692.589,"end":1693.028},{"text":"stringent","start":1693.028,"end":1693.468},{"text":"conditions","start":1693.468,"end":1693.908},{"text":"when","start":1693.908,"end":1694.348},{"text":"attempting","start":1694.348,"end":1694.787},{"text":"to","start":1694.787,"end":1695.227},{"text":"access","start":1695.227,"end":1695.667},{"text":"emergency","start":1695.667,"end":1696.106},{"text":"financing.","start":1696.106,"end":1696.546}]},{"text":"Instruments within the International Monetary Fund must therefore be expanded, made more flexible, and deployed more rapidly, particularly for countries facing exogenous shocks beyond their control.","start":1696.546,"end":1707.979,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"Instruments","start":1696.546,"end":1696.986},{"text":"within","start":1696.986,"end":1697.426},{"text":"the","start":1697.426,"end":1697.865},{"text":"International","start":1697.865,"end":1698.305},{"text":"Monetary","start":1698.305,"end":1698.745},{"text":"Fund","start":1698.745,"end":1699.184},{"text":"must","start":1699.184,"end":1699.624},{"text":"therefore","start":1699.624,"end":1700.064},{"text":"be","start":1700.064,"end":1700.504},{"text":"expanded,","start":1700.504,"end":1700.943},{"text":"made","start":1700.943,"end":1701.383},{"text":"more","start":1701.383,"end":1701.823},{"text":"flexible,","start":1701.823,"end":1702.262},{"text":"and","start":1702.262,"end":1702.702},{"text":"deployed","start":1702.702,"end":1703.142},{"text":"more","start":1703.142,"end":1703.582},{"text":"rapidly,","start":1703.582,"end":1704.021},{"text":"particularly","start":1704.021,"end":1704.461},{"text":"for","start":1704.461,"end":1704.901},{"text":"countries","start":1704.901,"end":1705.34},{"text":"facing","start":1705.34,"end":1705.78},{"text":"exogenous","start":1705.78,"end":1706.22},{"text":"shocks","start":1706.22,"end":1706.66},{"text":"beyond","start":1706.66,"end":1707.099},{"text":"their","start":1707.099,"end":1707.539},{"text":"control.","start":1707.539,"end":1707.979}]},{"text":"In addition, the reallocation of global reserves, particularly Special Drawing Rights, presents a critical opportunity.","start":1707.979,"end":1714.574,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"In","start":1707.979,"end":1708.418},{"text":"addition,","start":1708.418,"end":1708.858},{"text":"the","start":1708.858,"end":1709.298},{"text":"reallocation","start":1709.298,"end":1709.738},{"text":"of","start":1709.738,"end":1710.177},{"text":"global","start":1710.177,"end":1710.617},{"text":"reserves,","start":1710.617,"end":1711.057},{"text":"particularly","start":1711.057,"end":1711.496},{"text":"Special","start":1711.496,"end":1711.936},{"text":"Drawing","start":1711.936,"end":1712.376},{"text":"Rights,","start":1712.376,"end":1712.816},{"text":"presents","start":1712.816,"end":1713.255},{"text":"a","start":1713.255,"end":1713.695},{"text":"critical","start":1713.695,"end":1714.135},{"text":"opportunity.","start":1714.135,"end":1714.574}]},{"text":"A significant share of these resources remains concentrated in advanced countries.","start":1714.574,"end":1719.411,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"A","start":1714.574,"end":1715.014},{"text":"significant","start":1715.014,"end":1715.454},{"text":"share","start":1715.454,"end":1715.894},{"text":"of","start":1715.894,"end":1716.333},{"text":"these","start":1716.333,"end":1716.773},{"text":"resources","start":1716.773,"end":1717.213},{"text":"remains","start":1717.213,"end":1717.652},{"text":"concentrated","start":1717.652,"end":1718.092},{"text":"in","start":1718.092,"end":1718.532},{"text":"advanced","start":1718.532,"end":1718.972},{"text":"countries.","start":1718.972,"end":1719.411}]},{"text":"Redirecting SDRs to vulnerable countries can provide immediate fiscal space, enabling governments to stabilize budgets, protect social spending, and respond effectively to crisis.","start":1719.411,"end":1729.525,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"Redirecting","start":1719.411,"end":1719.851},{"text":"SDRs","start":1719.851,"end":1720.291},{"text":"to","start":1720.291,"end":1720.73},{"text":"vulnerable","start":1720.73,"end":1721.17},{"text":"countries","start":1721.17,"end":1721.61},{"text":"can","start":1721.61,"end":1722.05},{"text":"provide","start":1722.05,"end":1722.489},{"text":"immediate","start":1722.489,"end":1722.929},{"text":"fiscal","start":1722.929,"end":1723.369},{"text":"space,","start":1723.369,"end":1723.809},{"text":"enabling","start":1723.809,"end":1724.248},{"text":"governments","start":1724.248,"end":1724.688},{"text":"to","start":1724.688,"end":1725.128},{"text":"stabilize","start":1725.128,"end":1725.567},{"text":"budgets,","start":1725.567,"end":1726.007},{"text":"protect","start":1726.007,"end":1726.447},{"text":"social","start":1726.447,"end":1726.887},{"text":"spending,","start":1726.887,"end":1727.326},{"text":"and","start":1727.326,"end":1727.766},{"text":"respond","start":1727.766,"end":1728.206},{"text":"effectively","start":1728.206,"end":1728.645},{"text":"to","start":1728.645,"end":1729.085},{"text":"crisis.","start":1729.085,"end":1729.525}]},{"text":"And I will go to the third question on what principles should guide regulatory and supervisory cooperation.","start":1729.525,"end":1737,"topics":[],"words":[{"text":"And","start":1729.525,"end":1729.965},{"text":"I","start":1729.965,"end":1730.404},{"text":"will","start":1730.404,"end":1730.844},{"text":"go","start":1730.844,"end":1731.284},{"text":"to","start":1731.284,"end":1731.723},{"text":"the","start":1731.723,"end":1732.163},{"text":"third","start":1732.163,"end":1732.603},{"text":"question","start":1732.603,"end":1733.043},{"text":"on","start":1733.043,"end":1733.482},{"text":"what","start":1733.482,"end":1733.922},{"text":"principles","start":1733.922,"end":1734.362},{"text":"should","start":1734.362,"end":1734.801},{"text":"guide","start":1734.801,"end":1735.241},{"text":"regulatory","start":1735.241,"end":1735.681},{"text":"and","start":1735.681,"end":1736.121},{"text":"supervisory","start":1736.121,"end":1736.56},{"text":"cooperation.","start":1736.56,"end":1737}]}]},{"sentences":[{"text":"As we consider emerging systemic risks, regulatory and supervisory cooperation must be guided by principles of proportionality and inclusiveness.","start":1744,"end":1755.875,"topics":[],"words":[{"text":"As","start":1744,"end":1744.625},{"text":"we","start":1744.625,"end":1745.25},{"text":"consider","start":1745.25,"end":1745.875},{"text":"emerging","start":1745.875,"end":1746.5},{"text":"systemic","start":1746.5,"end":1747.125},{"text":"risks,","start":1747.125,"end":1747.75},{"text":"regulatory","start":1747.75,"end":1748.375},{"text":"and","start":1748.375,"end":1749},{"text":"supervisory","start":1749,"end":1749.625},{"text":"cooperation","start":1749.625,"end":1750.25},{"text":"must","start":1750.25,"end":1750.875},{"text":"be","start":1750.875,"end":1751.5},{"text":"guided","start":1751.5,"end":1752.125},{"text":"by","start":1752.125,"end":1752.75},{"text":"principles","start":1752.75,"end":1753.375},{"text":"of","start":1753.375,"end":1754},{"text":"proportionality","start":1754,"end":1754.625},{"text":"and","start":1754.625,"end":1755.25},{"text":"inclusiveness.","start":1755.25,"end":1755.875}]},{"text":"Applying complex global regulatory standards uniformly can overwhelm the institutional capacity of LDCs.","start":1755.875,"end":1764,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}],"words":[{"text":"Applying","start":1755.875,"end":1756.5},{"text":"complex","start":1756.5,"end":1757.125},{"text":"global","start":1757.125,"end":1757.75},{"text":"regulatory","start":1757.75,"end":1758.375},{"text":"standards","start":1758.375,"end":1759},{"text":"uniformly","start":1759,"end":1759.625},{"text":"can","start":1759.625,"end":1760.25},{"text":"overwhelm","start":1760.25,"end":1760.875},{"text":"the","start":1760.875,"end":1761.5},{"text":"institutional","start":1761.5,"end":1762.125},{"text":"capacity","start":1762.125,"end":1762.75},{"text":"of","start":1762.75,"end":1763.375},{"text":"LDCs.","start":1763.375,"end":1764}]},{"text":"Standards must therefore be risk-based and adaptable, allowing countries to comply without undermining financial inclusion or development priorities.","start":1764,"end":1775.25,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"Standards","start":1764,"end":1764.625},{"text":"must","start":1764.625,"end":1765.25},{"text":"therefore","start":1765.25,"end":1765.875},{"text":"be","start":1765.875,"end":1766.5},{"text":"risk-based","start":1766.5,"end":1767.125},{"text":"and","start":1767.125,"end":1767.75},{"text":"adaptable,","start":1767.75,"end":1768.375},{"text":"allowing","start":1768.375,"end":1769},{"text":"countries","start":1769,"end":1769.625},{"text":"to","start":1769.625,"end":1770.25},{"text":"comply","start":1770.25,"end":1770.875},{"text":"without","start":1770.875,"end":1771.5},{"text":"undermining","start":1771.5,"end":1772.125},{"text":"financial","start":1772.125,"end":1772.75},{"text":"inclusion","start":1772.75,"end":1773.375},{"text":"or","start":1773.375,"end":1774},{"text":"development","start":1774,"end":1774.625},{"text":"priorities.","start":1774.625,"end":1775.25}]},{"text":"Climate-related risks are also becoming significant and they need to be considered.","start":1775.25,"end":1782.75,"topics":[],"words":[{"text":"Climate-related","start":1775.25,"end":1775.875},{"text":"risks","start":1775.875,"end":1776.5},{"text":"are","start":1776.5,"end":1777.125},{"text":"also","start":1777.125,"end":1777.75},{"text":"becoming","start":1777.75,"end":1778.375},{"text":"significant","start":1778.375,"end":1779},{"text":"and","start":1779,"end":1779.625},{"text":"they","start":1779.625,"end":1780.25},{"text":"need","start":1780.25,"end":1780.875},{"text":"to","start":1780.875,"end":1781.5},{"text":"be","start":1781.5,"end":1782.125},{"text":"considered.","start":1782.125,"end":1782.75}]},{"text":"At the same time, technological change, which poses opportunities, also proposes risks.","start":1782.75,"end":1790.25,"topics":[],"words":[{"text":"At","start":1782.75,"end":1783.375},{"text":"the","start":1783.375,"end":1784},{"text":"same","start":1784,"end":1784.625},{"text":"time,","start":1784.625,"end":1785.25},{"text":"technological","start":1785.25,"end":1785.875},{"text":"change,","start":1785.875,"end":1786.5},{"text":"which","start":1786.5,"end":1787.125},{"text":"poses","start":1787.125,"end":1787.75},{"text":"opportunities,","start":1787.75,"end":1788.375},{"text":"also","start":1788.375,"end":1789},{"text":"proposes","start":1789,"end":1789.625},{"text":"risks.","start":1789.625,"end":1790.25}]},{"text":"Digital finance and fintech can expand financial inclusion, but also introduce challenges such as cyber threats.","start":1790.25,"end":1800.25,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"Digital","start":1790.25,"end":1790.875},{"text":"finance","start":1790.875,"end":1791.5},{"text":"and","start":1791.5,"end":1792.125},{"text":"fintech","start":1792.125,"end":1792.75},{"text":"can","start":1792.75,"end":1793.375},{"text":"expand","start":1793.375,"end":1794},{"text":"financial","start":1794,"end":1794.625},{"text":"inclusion,","start":1794.625,"end":1795.25},{"text":"but","start":1795.25,"end":1795.875},{"text":"also","start":1795.875,"end":1796.5},{"text":"introduce","start":1796.5,"end":1797.125},{"text":"challenges","start":1797.125,"end":1797.75},{"text":"such","start":1797.75,"end":1798.375},{"text":"as","start":1798.375,"end":1799},{"text":"cyber","start":1799,"end":1799.625},{"text":"threats.","start":1799.625,"end":1800.25}]},{"text":"We call for stronger cross-border cooperation because it is equally critical.","start":1800.25,"end":1807.125,"topics":[],"words":[{"text":"We","start":1800.25,"end":1800.875},{"text":"call","start":1800.875,"end":1801.5},{"text":"for","start":1801.5,"end":1802.125},{"text":"stronger","start":1802.125,"end":1802.75},{"text":"cross-border","start":1802.75,"end":1803.375},{"text":"cooperation","start":1803.375,"end":1804},{"text":"because","start":1804,"end":1804.625},{"text":"it","start":1804.625,"end":1805.25},{"text":"is","start":1805.25,"end":1805.875},{"text":"equally","start":1805.875,"end":1806.5},{"text":"critical.","start":1806.5,"end":1807.125}]},{"text":"Financial risks are increasingly global, yet regulatory and coordination remains uneven.","start":1807.125,"end":1814,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"Financial","start":1807.125,"end":1807.75},{"text":"risks","start":1807.75,"end":1808.375},{"text":"are","start":1808.375,"end":1809},{"text":"increasingly","start":1809,"end":1809.625},{"text":"global,","start":1809.625,"end":1810.25},{"text":"yet","start":1810.25,"end":1810.875},{"text":"regulatory","start":1810.875,"end":1811.5},{"text":"and","start":1811.5,"end":1812.125},{"text":"coordination","start":1812.125,"end":1812.75},{"text":"remains","start":1812.75,"end":1813.375},{"text":"uneven.","start":1813.375,"end":1814}]}]},{"sentences":[{"text":"Finally, regulatory reforms must strike a careful balance between financial integrity and inclusion.","start":1815,"end":1822.157,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"Finally,","start":1815,"end":1815.551},{"text":"regulatory","start":1815.551,"end":1816.101},{"text":"reforms","start":1816.101,"end":1816.652},{"text":"must","start":1816.652,"end":1817.202},{"text":"strike","start":1817.202,"end":1817.753},{"text":"a","start":1817.753,"end":1818.303},{"text":"careful","start":1818.303,"end":1818.854},{"text":"balance","start":1818.854,"end":1819.404},{"text":"between","start":1819.404,"end":1819.955},{"text":"financial","start":1819.955,"end":1820.506},{"text":"integrity","start":1820.506,"end":1821.056},{"text":"and","start":1821.056,"end":1821.607},{"text":"inclusion.","start":1821.607,"end":1822.157}]},{"text":"In many African countries, stricter global compliance requirements have led to loss of correspondent banking relationships, limiting access to global financial systems.","start":1822.157,"end":1834.27,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"In","start":1822.157,"end":1822.708},{"text":"many","start":1822.708,"end":1823.258},{"text":"African","start":1823.258,"end":1823.809},{"text":"countries,","start":1823.809,"end":1824.36},{"text":"stricter","start":1824.36,"end":1824.91},{"text":"global","start":1824.91,"end":1825.461},{"text":"compliance","start":1825.461,"end":1826.011},{"text":"requirements","start":1826.011,"end":1826.562},{"text":"have","start":1826.562,"end":1827.112},{"text":"led","start":1827.112,"end":1827.663},{"text":"to","start":1827.663,"end":1828.213},{"text":"loss","start":1828.213,"end":1828.764},{"text":"of","start":1828.764,"end":1829.315},{"text":"correspondent","start":1829.315,"end":1829.865},{"text":"banking","start":1829.865,"end":1830.416},{"text":"relationships,","start":1830.416,"end":1830.966},{"text":"limiting","start":1830.966,"end":1831.517},{"text":"access","start":1831.517,"end":1832.067},{"text":"to","start":1832.067,"end":1832.618},{"text":"global","start":1832.618,"end":1833.169},{"text":"financial","start":1833.169,"end":1833.719},{"text":"systems.","start":1833.719,"end":1834.27}]},{"text":"Reforms must therefore ensure that developing economies remain connected and able to participate fully in global finance.","start":1834.27,"end":1843.629,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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inclusive development.","start":1843.629,"end":1854.09,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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and come back later if you want me to make another intervention.","start":1854.09,"end":1862.899,"topics":[],"words":[{"text":"I","start":1854.09,"end":1854.64},{"text":"will","start":1854.64,"end":1855.191},{"text":"stop","start":1855.191,"end":1855.742},{"text":"here","start":1855.742,"end":1856.292},{"text":"and","start":1856.292,"end":1856.843},{"text":"come","start":1856.843,"end":1857.393},{"text":"back","start":1857.393,"end":1857.944},{"text":"later","start":1857.944,"end":1858.494},{"text":"if","start":1858.494,"end":1859.045},{"text":"you","start":1859.045,"end":1859.596},{"text":"want","start":1859.596,"end":1860.146},{"text":"me","start":1860.146,"end":1860.697},{"text":"to","start":1860.697,"end":1861.247},{"text":"make","start":1861.247,"end":1861.798},{"text":"another","start":1861.798,"end":1862.348},{"text":"intervention.","start":1862.348,"end":1862.899}]},{"text":"Thank 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address it, you know, very specifically to to try to find solutions of the for innovative financing mechanism and put the structure before we go to build a new system.","start":1996.905,"end":2014.31,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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this is very important what you have mentioned for your statement in the opening.","start":2014.31,"end":2020.381,"topics":[],"words":[{"text":"And","start":2014.31,"end":2014.714},{"text":"this","start":2014.714,"end":2015.119},{"text":"is","start":2015.119,"end":2015.524},{"text":"very","start":2015.524,"end":2015.929},{"text":"important","start":2015.929,"end":2016.333},{"text":"what","start":2016.333,"end":2016.738},{"text":"you","start":2016.738,"end":2017.143},{"text":"have","start":2017.143,"end":2017.548},{"text":"mentioned","start":2017.548,"end":2017.952},{"text":"for","start":2017.952,"end":2018.357},{"text":"your","start":2018.357,"end":2018.762},{"text":"statement","start":2018.762,"end":2019.167},{"text":"in","start":2019.167,"end":2019.571},{"text":"the","start":2019.571,"end":2019.976},{"text":"opening.","start":2019.976,"end":2020.381}]},{"text":"First of all is 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as part of our G7 presidency, we are focusing on increasing the effectiveness of the international financial architecture to make it more impactful, to make sure that the financing that is provided can try to reduce fragmentation, can focus on what really works well and also develop networks and coalitions.","start":2522,"end":2553.875,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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I would just conclude by saying that our presidency of the G7 this year really aims to be 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are trying to work with all of our partners in this effort to have and engage in a dialogue on all of these important 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you.","start":2679.961,"end":2681,"topics":[],"words":[{"text":"Thank","start":2679.961,"end":2680.48},{"text":"you.","start":2680.48,"end":2681}]}]}],"speaker":{"name":"Thomas Revial","affiliation":"FRA","affiliation_full":"France","group":null,"function":"Assistant Secretary for Multilateral Affairs"}},{"statement_number":8,"paragraphs":[{"sentences":[{"text":"Merci beaucoup, Monsieur Revial.","start":2683,"end":2685.72,"topics":[],"words":[{"text":"Merci","start":2683,"end":2683.68},{"text":"beaucoup,","start":2683.68,"end":2684.36},{"text":"Monsieur","start":2684.36,"end":2685.04},{"text":"Revial.","start":2685.04,"end":2685.72}]},{"text":"I now invite our respondent, Ms. Martina Deborah Metz, Director at the Federal Ministry for Economic Cooperation and Development of Germany.","start":2685.72,"end":2700,"topics":[],"words":[{"text":"I","start":2685.72,"end":2686.4},{"text":"now","start":2686.4,"end":2687.08},{"text":"invite","start":2687.08,"end":2687.76},{"text":"our","start":2687.76,"end":2688.44},{"text":"respondent,","start":2688.44,"end":2689.12},{"text":"Ms.","start":2689.12,"end":2689.8},{"text":"Martina","start":2689.8,"end":2690.48},{"text":"Deborah","start":2690.48,"end":2691.16},{"text":"Metz,","start":2691.16,"end":2691.84},{"text":"Director","start":2691.84,"end":2692.52},{"text":"at","start":2692.52,"end":2693.2},{"text":"the","start":2693.2,"end":2693.88},{"text":"Federal","start":2693.88,"end":2694.56},{"text":"Ministry","start":2694.56,"end":2695.24},{"text":"for","start":2695.24,"end":2695.92},{"text":"Economic","start":2695.92,"end":2696.6},{"text":"Cooperation","start":2696.6,"end":2697.28},{"text":"and","start":2697.28,"end":2697.96},{"text":"Development","start":2697.96,"end":2698.64},{"text":"of","start":2698.64,"end":2699.32},{"text":"Germany.","start":2699.32,"end":2700}]}]}],"speaker":{"name":"Pedro Manuel Moreno","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":9,"paragraphs":[{"sentences":[{"text":"Thank you very much.","start":2702,"end":2704.189,"topics":[],"words":[{"text":"Thank","start":2702,"end":2702.547},{"text":"you","start":2702.547,"end":2703.095},{"text":"very","start":2703.095,"end":2703.642},{"text":"much.","start":2703.642,"end":2704.189}]},{"text":"Thank you very much to the speakers.","start":2704.189,"end":2708.021,"topics":[],"words":[{"text":"Thank","start":2704.189,"end":2704.737},{"text":"you","start":2704.737,"end":2705.284},{"text":"very","start":2705.284,"end":2705.832},{"text":"much","start":2705.832,"end":2706.379},{"text":"to","start":2706.379,"end":2706.926},{"text":"the","start":2706.926,"end":2707.474},{"text":"speakers.","start":2707.474,"end":2708.021}]},{"text":"As we heard just from all speakers, the international financial architecture and systemic issues remain central to our 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economic implications of the current shocks show once more the global interdependence of economic and financial developments.","start":2721.705,"end":2731.558,"topics":[],"words":[{"text":"The","start":2721.705,"end":2722.253},{"text":"economic","start":2722.253,"end":2722.8},{"text":"implications","start":2722.8,"end":2723.347},{"text":"of","start":2723.347,"end":2723.895},{"text":"the","start":2723.895,"end":2724.442},{"text":"current","start":2724.442,"end":2724.989},{"text":"shocks","start":2724.989,"end":2725.537},{"text":"show","start":2725.537,"end":2726.084},{"text":"once","start":2726.084,"end":2726.632},{"text":"more","start":2726.632,"end":2727.179},{"text":"the","start":2727.179,"end":2727.726},{"text":"global","start":2727.726,"end":2728.274},{"text":"interdependence","start":2728.274,"end":2728.821},{"text":"of","start":2728.821,"end":2729.368},{"text":"economic","start":2729.368,"end":2729.916},{"text":"and","start":2729.916,"end":2730.463},{"text":"financial","start":2730.463,"end":2731.011},{"text":"developments.","start":2731.011,"end":2731.558}]},{"text":"So as has been outlined in the Compromiso de Sevilla, we must continue to adapt the international financial architecture to ensure it is fit for purpose, admits global realities, and able to respond to vulnerabilities facing all countries, especially developing economies.","start":2731.558,"end":2754,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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would like to enhance three points.","start":2754,"end":2757.439,"topics":[],"words":[{"text":"I","start":2754,"end":2754.491},{"text":"would","start":2754.491,"end":2754.982},{"text":"like","start":2754.982,"end":2755.474},{"text":"to","start":2755.474,"end":2755.965},{"text":"enhance","start":2755.965,"end":2756.456},{"text":"three","start":2756.456,"end":2756.947},{"text":"points.","start":2756.947,"end":2757.439}]},{"text":"The first one, some of the speakers touched on it, it's the issue of voice and representation.","start":2757.439,"end":2765.789,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"The","start":2757.439,"end":2757.93},{"text":"first","start":2757.93,"end":2758.421},{"text":"one,","start":2758.421,"end":2758.912},{"text":"some","start":2758.912,"end":2759.404},{"text":"of","start":2759.404,"end":2759.895},{"text":"the","start":2759.895,"end":2760.386},{"text":"speakers","start":2760.386,"end":2760.877},{"text":"touched","start":2760.877,"end":2761.368},{"text":"on","start":2761.368,"end":2761.86},{"text":"it,","start":2761.86,"end":2762.351},{"text":"it's","start":2762.351,"end":2762.842},{"text":"the","start":2762.842,"end":2763.333},{"text":"issue","start":2763.333,"end":2763.825},{"text":"of","start":2763.825,"end":2764.316},{"text":"voice","start":2764.316,"end":2764.807},{"text":"and","start":2764.807,"end":2765.298},{"text":"representation.","start":2765.298,"end":2765.789}]},{"text":"Germany recognizes the importance of enhancing the voice and representation of developing countries in international financial institutions while respecting the institutions' mandates and independence.","start":2765.789,"end":2777.579,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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the addition of a chair to the IMF's Executive Board was a welcome development in this spirit, and we think that the current IBRD shareholding review contains important proposals on strengthening the voices of client countries.","start":2777.579,"end":2795.754,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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the redistribution of unsubscribed IBRD shares could be a step.","start":2795.754,"end":2801.158,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"Also,","start":2795.754,"end":2796.246},{"text":"the","start":2796.246,"end":2796.737},{"text":"redistribution","start":2796.737,"end":2797.228},{"text":"of","start":2797.228,"end":2797.719},{"text":"unsubscribed","start":2797.719,"end":2798.211},{"text":"IBRD","start":2798.211,"end":2798.702},{"text":"shares","start":2798.702,"end":2799.193},{"text":"could","start":2799.193,"end":2799.684},{"text":"be","start":2799.684,"end":2800.175},{"text":"a","start":2800.175,"end":2800.667},{"text":"step.","start":2800.667,"end":2801.158}]},{"text":"We also strongly support enhancing staff diversity as a step towards making international organizations more inclusive and representative.","start":2801.158,"end":2810,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting 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the issue of cost of capital and the rating agencies and the rating processes.","start":2811,"end":2821.233,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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the Secretary-General elaborated on this important item this morning, we think that it is crucial.","start":2821.233,"end":2828.054,"topics":[],"words":[{"text":"As","start":2821.233,"end":2821.659},{"text":"the","start":2821.659,"end":2822.085},{"text":"Secretary-General","start":2822.085,"end":2822.512},{"text":"elaborated","start":2822.512,"end":2822.938},{"text":"on","start":2822.938,"end":2823.364},{"text":"this","start":2823.364,"end":2823.791},{"text":"important","start":2823.791,"end":2824.217},{"text":"item","start":2824.217,"end":2824.643},{"text":"this","start":2824.643,"end":2825.07},{"text":"morning,","start":2825.07,"end":2825.496},{"text":"we","start":2825.496,"end":2825.922},{"text":"think","start":2825.922,"end":2826.349},{"text":"that","start":2826.349,"end":2826.775},{"text":"it","start":2826.775,"end":2827.202},{"text":"is","start":2827.202,"end":2827.628},{"text":"crucial.","start":2827.628,"end":2828.054}]},{"text":"Therefore, we congratulate the UN ECOSOC on convening the special meeting on credit ratings on 30th of March this year, and we welcome the valuable dialogue it fostered among member states, credit rating agencies, standard setters, long-term investors, public institutions, and civil society.","start":2828.054,"end":2846.388,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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see continued dialogue with all these actors involved in the credit rating process as essential, and we will work to promote this further, including in the context of the Hamburg Sustainability Conference, the third Hamburg Sustainability Conference, which Germany will organize in June this year.","start":2846.388,"end":2866,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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third and last point, debt.","start":2867,"end":2869.787,"topics":[],"words":[{"text":"The","start":2867,"end":2867.465},{"text":"third","start":2867.465,"end":2867.929},{"text":"and","start":2867.929,"end":2868.394},{"text":"last","start":2868.394,"end":2868.858},{"text":"point,","start":2868.858,"end":2869.323},{"text":"debt.","start":2869.323,"end":2869.787}]},{"text":"Debt burdens in many countries and many developing economies are worrisome.","start":2869.787,"end":2874.897,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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countries with unsustainable debt, Germany, like its fellow European member states and many other important creditor countries, strives for further improve the G20 Common Framework for debt treatments.","start":2921.348,"end":2934.819,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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strive for better reflect the growing complexity of heightened exposure to shocks, but also the long-term economic benefits of climate investment and resilient building, as called for in the Compromiso in rating processes.","start":2957.234,"end":2973.13,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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you very much.","start":2973.13,"end":2975,"topics":[],"words":[{"text":"Thank","start":2973.13,"end":2973.597},{"text":"you","start":2973.597,"end":2974.065},{"text":"very","start":2974.065,"end":2974.532},{"text":"much.","start":2974.532,"end":2975}]}]}],"speaker":{"name":"Martina Deborah Metz","affiliation":"DEU","affiliation_full":"Germany","group":null,"function":"Director"}},{"statement_number":10,"paragraphs":[{"sentences":[{"text":"Thank you, Ms. Metz. I will now invite our lead discussants, and we have the first one is Mr. Rémy Rioux, President of the Finance in 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in 2020, FiC brings in the global architecture all 540 PDBs, public development banks, international and national, representing annual investments of 2.5 trillion US dollars, approximately 15% of total global 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are honored by the recognition of the role of PDBs in Sevilla during FfD4 and in this week's 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fragmentation and better channel finance towards SDGs while leaving no one 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the deep crisis of international cooperation we are living, we firmly believe development banks are uniquely positioned to bridge global challenges with solidarity 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is an open and concrete laboratory to help reinvent the framework of international cooperation and foster interoperability from MDBs, which are leading an important reform roadmap, all the way to national and subnational financial 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line with the Sevilla Platform for Action, FiC continues to help PDBs support country-led climate and development transitions more coherently, effectively, and at greater 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first pillar of our common agenda is about deploying tools to mobilize private finance and lower the cost of capital, particularly in emerging markets and developing 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includes local currency de-risking mechanisms and strengthening the use of guarantee, including through a PDB guarantee hub to double the number of public development banks issuing bonds in the market by 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priority is to strengthen the upstream conditions needed to move from national priorities to investable 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third pillar is the development of innovation and delivery solutions adapted across different national and regional 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29th of April in Paris, and the next global FiC summit co-hosted together with the Asian Development Bank in Asia, Q1 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you for your attention.","start":3188.598,"end":3190,"topics":[],"words":[{"text":"Thank","start":3188.598,"end":3188.878},{"text":"you","start":3188.878,"end":3189.159},{"text":"for","start":3189.159,"end":3189.439},{"text":"your","start":3189.439,"end":3189.72},{"text":"attention.","start":3189.72,"end":3190}]}]}],"speaker":{"name":"Rémy Rioux","affiliation":"FiC","affiliation_full":"FiC","group":null,"function":"President"}},{"statement_number":12,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. Rioux. And I now give the floor to Mr. Jason Braganza from the Africa Core 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Braganza.","start":3201.048,"end":3202,"topics":[],"words":[{"text":"Mr.","start":3201.048,"end":3201.524},{"text":"Braganza.","start":3201.524,"end":3202}]}]}],"speaker":{"name":"Pedro Manuel Moreno","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":13,"paragraphs":[{"sentences":[{"text":"The Africa Core Group of the FfD financing mechanism, the FfD mechanism and the Women's Group.","start":3206,"end":3213.04,"topics":[],"words":[{"text":"The","start":3206,"end":3206.44},{"text":"Africa","start":3206.44,"end":3206.88},{"text":"Core","start":3206.88,"end":3207.32},{"text":"Group","start":3207.32,"end":3207.76},{"text":"of","start":3207.76,"end":3208.2},{"text":"the","start":3208.2,"end":3208.64},{"text":"FfD","start":3208.64,"end":3209.08},{"text":"financing","start":3209.08,"end":3209.52},{"text":"mechanism,","start":3209.52,"end":3209.96},{"text":"the","start":3209.96,"end":3210.4},{"text":"FfD","start":3210.4,"end":3210.84},{"text":"mechanism","start":3210.84,"end":3211.28},{"text":"and","start":3211.28,"end":3211.72},{"text":"the","start":3211.72,"end":3212.16},{"text":"Women's","start":3212.16,"end":3212.6},{"text":"Group.","start":3212.6,"end":3213.04}]},{"text":"Mr. Moderator, I want to begin first by acknowledging with deep sadness and sorrow all the victims of all conflicts around the world as we gather here 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whose only fault is to be alive at a time when tyranny and impunity reign supreme, while defense of the vulnerable is secondary to the bottom line and the needs of the 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cannot have any conversation here this week without formally recognizing the unnecessary loss of lives of innocent men, women, and 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prevailing conflicts have both direct and indirect impacts to countries where conflicts are perpetrated and beyond, given the interlinkages of the global value and supply 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food, industry, and finance are combining yet another perfect storm for developing countries, especially in 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continent, hitting the poorest hard.","start":3265.131,"end":3270.912,"topics":[],"words":[{"text":"Higher","start":3265.131,"end":3265.453},{"text":"fuel","start":3265.453,"end":3265.774},{"text":"and","start":3265.774,"end":3266.095},{"text":"energy","start":3266.095,"end":3266.416},{"text":"prices","start":3266.416,"end":3266.737},{"text":"are","start":3266.737,"end":3267.058},{"text":"being","start":3267.058,"end":3267.38},{"text":"felt","start":3267.38,"end":3267.701},{"text":"across","start":3267.701,"end":3268.022},{"text":"many","start":3268.022,"end":3268.343},{"text":"parts","start":3268.343,"end":3268.664},{"text":"of","start":3268.664,"end":3268.985},{"text":"the","start":3268.985,"end":3269.307},{"text":"continent,","start":3269.307,"end":3269.628},{"text":"hitting","start":3269.628,"end":3269.949},{"text":"the","start":3269.949,"end":3270.27},{"text":"poorest","start":3270.27,"end":3270.591},{"text":"hard.","start":3270.591,"end":3270.912}]},{"text":"Food production due to disruption in fertilizer means higher food disruption, higher prices, and induced shortages.","start":3270.912,"end":3276.051,"topics":[],"words":[{"text":"Food","start":3270.912,"end":3271.234},{"text":"production","start":3271.234,"end":3271.555},{"text":"due","start":3271.555,"end":3271.876},{"text":"to","start":3271.876,"end":3272.197},{"text":"disruption","start":3272.197,"end":3272.518},{"text":"in","start":3272.518,"end":3272.839},{"text":"fertilizer","start":3272.839,"end":3273.161},{"text":"means","start":3273.161,"end":3273.482},{"text":"higher","start":3273.482,"end":3273.803},{"text":"food","start":3273.803,"end":3274.124},{"text":"disruption,","start":3274.124,"end":3274.445},{"text":"higher","start":3274.445,"end":3274.766},{"text":"prices,","start":3274.766,"end":3275.088},{"text":"and","start":3275.088,"end":3275.409},{"text":"induced","start":3275.409,"end":3275.73},{"text":"shortages.","start":3275.73,"end":3276.051}]},{"text":"Trade distortions due to slowdown in 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countries, especially in Africa, deal with this constrained fiscal space, these conflicts will only deepen the fiscal challenges being experienced, leading to a worsening debt situation and a diversion of resources for development.","start":3284.08,"end":3295,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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need to start thinking about another round of debt suspension, relief, increasing access to grant financing, and possibly even the suspension of use of credit ratings on countries whose outlook is being measured by factors and actions that they are not involved in.","start":3311.258,"end":3328.041,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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as I conclude, I would encourage this house to listen to a famous song, \"War\", by The Temptations and later Edwin Starr, that says it is good for absolutely 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discussants.","start":3485.913,"end":3489.261,"topics":[],"words":[{"text":"I","start":3485.913,"end":3486.391},{"text":"thank","start":3486.391,"end":3486.87},{"text":"our","start":3486.87,"end":3487.348},{"text":"panelists,","start":3487.348,"end":3487.826},{"text":"respondents,","start":3487.826,"end":3488.304},{"text":"and","start":3488.304,"end":3488.783},{"text":"discussants.","start":3488.783,"end":3489.261}]},{"text":"Now I hand over back to the Chair for the interactive 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and supervisory cooperation must also remain inclusive, transparent, and responsive to evolving risks.","start":3628,"end":3633.815,"topics":[],"words":[{"text":"Regulatory","start":3628,"end":3628.415},{"text":"and","start":3628.415,"end":3628.831},{"text":"supervisory","start":3628.831,"end":3629.246},{"text":"cooperation","start":3629.246,"end":3629.662},{"text":"must","start":3629.662,"end":3630.077},{"text":"also","start":3630.077,"end":3630.492},{"text":"remain","start":3630.492,"end":3630.908},{"text":"inclusive,","start":3630.908,"end":3631.323},{"text":"transparent,","start":3631.323,"end":3631.738},{"text":"and","start":3631.738,"end":3632.154},{"text":"responsive","start":3632.154,"end":3632.569},{"text":"to","start":3632.569,"end":3632.985},{"text":"evolving","start":3632.985,"end":3633.4},{"text":"risks.","start":3633.4,"end":3633.815}]},{"text":"Frameworks need to adapt to technological change, climate-related financial exposures, and increasing market fragmentation, 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global economic governance must be capable of responding effectively to shocks, ensuring timely and adequate support and delivering sustainable development outcomes, particularly for developing countries.","start":3642.954,"end":3653.754,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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thank you.","start":3653.754,"end":3655,"topics":[],"words":[{"text":"I","start":3653.754,"end":3654.169},{"text":"thank","start":3654.169,"end":3654.585},{"text":"you.","start":3654.585,"end":3655}]}]}],"speaker":{"name":null,"affiliation":"IND","affiliation_full":"India","group":null,"function":"Representative"}},{"statement_number":17,"paragraphs":[{"sentences":[{"text":"I thank the representative of India.","start":3657,"end":3659.182,"topics":[],"words":[{"text":"I","start":3657,"end":3657.364},{"text":"thank","start":3657.364,"end":3657.727},{"text":"the","start":3657.727,"end":3658.091},{"text":"representative","start":3658.091,"end":3658.455},{"text":"of","start":3658.455,"end":3658.818},{"text":"India.","start":3658.818,"end":3659.182}]},{"text":"I now give the floor to the distinguished representative of Peru, to be followed by 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that, I'd like to know how can these institutions work with the UN and help countries such as Cuba who are undergoing these issues.","start":3892.222,"end":3903.333,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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note that the UN has drafted potential response measures for our situation, so we'd like to know how these can actually be 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thank the representative of Cuba, and now give the floor to the representative of the Society for International Development, to be followed by the European Network on Debt and 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can we, how can we discuss the details of Sevilla when we know that state sovereignty is no longer 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can we, Your Excellencies, discuss the details of debt swaps when at any moment an illegal war could be launched that makes energy and food unaffordable to our people and plunges our countries into debt distress?","start":3967.39,"end":3982.732,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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cannot speak of global risks, elevated premiums, or the cost of living without speaking about the source: imperial, extractivist, and neocolonial impulses of global hegemons.","start":3982.732,"end":3993.512,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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these three shifts, this forum risks becoming another space of procedural dialogue while decisions are made 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crises have always come from solidarity and collective action.","start":4035.063,"end":4040.75,"topics":[],"words":[{"text":"Excellencies,","start":4035.063,"end":4035.5},{"text":"solutions","start":4035.5,"end":4035.938},{"text":"to","start":4035.938,"end":4036.375},{"text":"global","start":4036.375,"end":4036.813},{"text":"crises","start":4036.813,"end":4037.25},{"text":"have","start":4037.25,"end":4037.688},{"text":"always","start":4037.688,"end":4038.125},{"text":"come","start":4038.125,"end":4038.563},{"text":"from","start":4038.563,"end":4039},{"text":"solidarity","start":4039,"end":4039.438},{"text":"and","start":4039.438,"end":4039.875},{"text":"collective","start":4039.875,"end":4040.313},{"text":"action.","start":4040.313,"end":4040.75}]},{"text":"The civil society mechanism stands with you to defend 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from Washington, D.C., where I participated in the spring meetings of the Bank and the Fund, I would like to raise one point on the current state of the international financial architecture.","start":4079.807,"end":4092.106,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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in July last year in Sevilla, Gambia's Minister of Finance and Economic Affairs said: \"The current international financial architecture is not working for the vast majority of the countries.\"","start":4092.106,"end":4103.286,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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call for reform goes to the core of the UN Financing for Development process, which was never about funding money to finance the 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last week we saw once again that the governance structure and ways of working of the Bretton Woods institutions are key factors underpinning some of the challenges that they are facing today.","start":4130,"end":4144.482,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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these institutions are trapped in perverse geopolitical dynamics, leaving close to zero opportunities for change inside the system.","start":4158.525,"end":4166.863,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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IMF quota review and World Bank shareholding review are a proof of that.","start":4166.863,"end":4173.446,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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this bleak context, the launch last week of the Borrowers' Platform, an outcome of last year's conference in Sevilla...","start":4182.223,"end":4191,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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José Romero","affiliation":"Eurodad","affiliation_full":"Eurodad","group":"Group","function":"Representative"}},{"statement_number":25,"paragraphs":[{"sentences":[{"text":"I thank the European Network on Debt and Development representative, and now give the floor to the representative of the Women's Environment and Development Organization.","start":4193,"end":4204,"topics":[],"words":[{"text":"I","start":4193,"end":4193.44},{"text":"thank","start":4193.44,"end":4193.88},{"text":"the","start":4193.88,"end":4194.32},{"text":"European","start":4194.32,"end":4194.76},{"text":"Network","start":4194.76,"end":4195.2},{"text":"on","start":4195.2,"end":4195.64},{"text":"Debt","start":4195.64,"end":4196.08},{"text":"and","start":4196.08,"end":4196.52},{"text":"Development","start":4196.52,"end":4196.96},{"text":"representative,","start":4196.96,"end":4197.4},{"text":"and","start":4197.4,"end":4197.84},{"text":"now","start":4197.84,"end":4198.28},{"text":"give","start":4198.28,"end":4198.72},{"text":"the","start":4198.72,"end":4199.16},{"text":"floor","start":4199.16,"end":4199.6},{"text":"to","start":4199.6,"end":4200.04},{"text":"the","start":4200.04,"end":4200.48},{"text":"representative","start":4200.48,"end":4200.92},{"text":"of","start":4200.92,"end":4201.36},{"text":"the","start":4201.36,"end":4201.8},{"text":"Women's","start":4201.8,"end":4202.24},{"text":"Environment","start":4202.24,"end":4202.68},{"text":"and","start":4202.68,"end":4203.12},{"text":"Development","start":4203.12,"end":4203.56},{"text":"Organization.","start":4203.56,"end":4204}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":26,"paragraphs":[{"sentences":[{"text":"Chair, my name is Imen Shrif and I speak on behalf of MENAFEM Movement, WEDO, and the Civil Society FfD Mechanism.","start":4206,"end":4215.13,"topics":[],"words":[{"text":"Chair,","start":4206,"end":4206.435},{"text":"my","start":4206.435,"end":4206.87},{"text":"name","start":4206.87,"end":4207.304},{"text":"is","start":4207.304,"end":4207.739},{"text":"Imen","start":4207.739,"end":4208.174},{"text":"Shrif","start":4208.174,"end":4208.609},{"text":"and","start":4208.609,"end":4209.043},{"text":"I","start":4209.043,"end":4209.478},{"text":"speak","start":4209.478,"end":4209.913},{"text":"on","start":4209.913,"end":4210.348},{"text":"behalf","start":4210.348,"end":4210.783},{"text":"of","start":4210.783,"end":4211.217},{"text":"MENAFEM","start":4211.217,"end":4211.652},{"text":"Movement,","start":4211.652,"end":4212.087},{"text":"WEDO,","start":4212.087,"end":4212.522},{"text":"and","start":4212.522,"end":4212.957},{"text":"the","start":4212.957,"end":4213.391},{"text":"Civil","start":4213.391,"end":4213.826},{"text":"Society","start":4213.826,"end":4214.261},{"text":"FfD","start":4214.261,"end":4214.696},{"text":"Mechanism.","start":4214.696,"end":4215.13}]},{"text":"In the context of the war on Southwest Asia, which is not outside of financing of development agenda, we align with the calls to reaffirm the central role of the UN and call to revive the following critical intergovernmental discussion within the ambition of the FfD spillover follow-up.","start":4215.13,"end":4236,"topics":[],"words":[{"text":"In","start":4215.13,"end":4215.565},{"text":"the","start":4215.565,"end":4216},{"text":"context","start":4216,"end":4216.435},{"text":"of","start":4216.435,"end":4216.87},{"text":"the","start":4216.87,"end":4217.304},{"text":"war","start":4217.304,"end":4217.739},{"text":"on","start":4217.739,"end":4218.174},{"text":"Southwest","start":4218.174,"end":4218.609},{"text":"Asia,","start":4218.609,"end":4219.043},{"text":"which","start":4219.043,"end":4219.478},{"text":"is","start":4219.478,"end":4219.913},{"text":"not","start":4219.913,"end":4220.348},{"text":"outside","start":4220.348,"end":4220.783},{"text":"of","start":4220.783,"end":4221.217},{"text":"financing","start":4221.217,"end":4221.652},{"text":"of","start":4221.652,"end":4222.087},{"text":"development","start":4222.087,"end":4222.522},{"text":"agenda,","start":4222.522,"end":4222.957},{"text":"we","start":4222.957,"end":4223.391},{"text":"align","start":4223.391,"end":4223.826},{"text":"with","start":4223.826,"end":4224.261},{"text":"the","start":4224.261,"end":4224.696},{"text":"calls","start":4224.696,"end":4225.13},{"text":"to","start":4225.13,"end":4225.565},{"text":"reaffirm","start":4225.565,"end":4226},{"text":"the","start":4226,"end":4226.435},{"text":"central","start":4226.435,"end":4226.87},{"text":"role","start":4226.87,"end":4227.304},{"text":"of","start":4227.304,"end":4227.739},{"text":"the","start":4227.739,"end":4228.174},{"text":"UN","start":4228.174,"end":4228.609},{"text":"and","start":4228.609,"end":4229.043},{"text":"call","start":4229.043,"end":4229.478},{"text":"to","start":4229.478,"end":4229.913},{"text":"revive","start":4229.913,"end":4230.348},{"text":"the","start":4230.348,"end":4230.783},{"text":"following","start":4230.783,"end":4231.217},{"text":"critical","start":4231.217,"end":4231.652},{"text":"intergovernmental","start":4231.652,"end":4232.087},{"text":"discussion","start":4232.087,"end":4232.522},{"text":"within","start":4232.522,"end":4232.957},{"text":"the","start":4232.957,"end":4233.391},{"text":"ambition","start":4233.391,"end":4233.826},{"text":"of","start":4233.826,"end":4234.261},{"text":"the","start":4234.261,"end":4234.696},{"text":"FfD","start":4234.696,"end":4235.13},{"text":"spillover","start":4235.13,"end":4235.565},{"text":"follow-up.","start":4235.565,"end":4236}]}]},{"sentences":[{"text":"First, we call for prioritizing intergovernmental dialogue on the need for a more comprehensive international financial architecture reform than the governance reform of Bretton Woods institutions, including by prioritizing the voices, the vote, and the needs of the most vulnerable nations, including the nations under war, and ensuring that global trade and finance are brought under democratic governance and accountability.","start":4237,"end":4265,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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we call for strengthening intergovernmental dialogue on global macroeconomic coordination and policy coherence within the UN process, particularly with reference to identifying and tackling adverse macro-critical spillover of international monetary tightening and the current capital outflows and returning current crisis in the context of of the capital.","start":4266,"end":4293,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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advancing intergovernmental dialogue to identify a set of reforms that can facilitate a more efficient global reserve system, including the function of SDRs, Special Drawing Rights, and the complementary role that can be exercised by various regional arrangements, ensuring an adequate global financial safety net through, for example, extension of central bank swap lines, regional lenders, and of last...","start":4294,"end":4329,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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current moment underscores a fundamental economic reality: the international financial architecture has not fully adopted to the scale, speed, and complexity of today's global shocks.","start":4593.202,"end":4603.436,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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Monsieur Revial, je commence par vous.","start":4859.529,"end":4862,"topics":[],"words":[{"text":"So","start":4859.529,"end":4859.882},{"text":"Monsieur","start":4859.882,"end":4860.235},{"text":"Revial,","start":4860.235,"end":4860.588},{"text":"je","start":4860.588,"end":4860.941},{"text":"commence","start":4860.941,"end":4861.294},{"text":"par","start":4861.294,"end":4861.647},{"text":"vous.","start":4861.647,"end":4862}]}]}],"speaker":{"name":"Pedro Manuel Moreno","affiliation":"UNCTAD","affiliation_full":"UNCTAD","group":null,"function":"Moderator"}},{"statement_number":37,"paragraphs":[{"sentences":[{"text":"Thank you very much, and thank you to 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an important area of work here, also engaging with credits rating agencies and also efforts that have allowed the IMF, the World Bank, and other development banks to have further intervention capacity to absorb and address the shocks that we've experienced today.","start":4897.785,"end":4917.962,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable financing."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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you so much.","start":5165.951,"end":5166.65,"topics":[],"words":[{"text":"Thank","start":5165.951,"end":5166.126},{"text":"you","start":5166.126,"end":5166.301},{"text":"so","start":5166.301,"end":5166.476},{"text":"much.","start":5166.476,"end":5166.65}]},{"text":"Thank you.","start":5166.65,"end":5167,"topics":[],"words":[{"text":"Thank","start":5166.65,"end":5166.825},{"text":"you.","start":5166.825,"end":5167}]}]}],"speaker":{"name":"Fahad Al-Sulaiti","affiliation":"QFFD","affiliation_full":"QFFD","group":null,"function":"Director General"}},{"statement_number":40,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. Al-Sulaiti.","start":5169,"end":5170.333,"topics":[],"words":[{"text":"Thank","start":5169,"end":5169.333},{"text":"you,","start":5169.333,"end":5169.667},{"text":"Mr.","start":5169.667,"end":5170},{"text":"Al-Sulaiti.","start":5170,"end":5170.333}]},{"text":"I'm now giving the floor to Minister 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And I'd also like to thank my my colleague panelists and also the discussants that amplified a number of the issues, especially the contributions from civil society that prompt us to deeply reflect on the effects of our actions or our 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would just like to discuss one area or amplify an area that I had wanted to mention previously that I didn't, and that was that the interventions or the financial architecture, the global financial architecture, must be better aligned to long-term development goals.","start":5197.742,"end":5219,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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financing flows remain too short-term and crisis-driven, rather than supporting real structural transformation.","start":5220,"end":5228.371,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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debt, I would just like to highlight the fact that many developing countries continue to face opaque debt processes and unpredictable access to concessional finance.","start":5250.495,"end":5266.041,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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clear rules-based system for debt restructuring and crisis support will strengthen trust and improve outcomes.","start":5266.041,"end":5275.608,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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Chair.","start":5275.608,"end":5278,"topics":[],"words":[{"text":"Thank","start":5275.608,"end":5276.206},{"text":"you,","start":5276.206,"end":5276.804},{"text":"Mr.","start":5276.804,"end":5277.402},{"text":"Chair.","start":5277.402,"end":5278}]}]}],"speaker":{"name":"Kenyeh Barlay","affiliation":"SLE","affiliation_full":"Sierra Leone","group":null,"function":"Minister of Planning and Economic Development"}},{"statement_number":42,"paragraphs":[{"sentences":[{"text":"Thank you, Minister.","start":5282,"end":5283.246,"topics":[],"words":[{"text":"Thank","start":5282,"end":5282.415},{"text":"you,","start":5282.415,"end":5282.831},{"text":"Minister.","start":5282.831,"end":5283.246}]},{"text":"Let me briefly summarize in two minutes part of the very rich discussion that we have had today, thanking of course our panelists, lead discussants, and representatives from the civil society participating 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think the question before us and before this group today is straightforward: how do developing countries finance their future when every new shock makes the present more 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in a world this shock-prone, countries need stronger collective tools.","start":5310,"end":5314.623,"topics":[],"words":[{"text":"So","start":5310,"end":5310.42},{"text":"in","start":5310.42,"end":5310.841},{"text":"a","start":5310.841,"end":5311.261},{"text":"world","start":5311.261,"end":5311.681},{"text":"this","start":5311.681,"end":5312.101},{"text":"shock-prone,","start":5312.101,"end":5312.522},{"text":"countries","start":5312.522,"end":5312.942},{"text":"need","start":5312.942,"end":5313.362},{"text":"stronger","start":5313.362,"end":5313.783},{"text":"collective","start":5313.783,"end":5314.203},{"text":"tools.","start":5314.203,"end":5314.623}]},{"text":"The international financial architecture produces suboptimal results for developing countries, not because it is unkind, but because it is unfinished, because key pieces are 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now briefly pause the meeting for the podium to be rearranged before we begin with the general 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you have the floor.","start":5634.306,"end":5636,"topics":[],"words":[{"text":"Mongolia,","start":5634.306,"end":5634.645},{"text":"you","start":5634.645,"end":5634.983},{"text":"have","start":5634.983,"end":5635.322},{"text":"the","start":5635.322,"end":5635.661},{"text":"floor.","start":5635.661,"end":5636}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":44,"paragraphs":[{"sentences":[{"text":"Mr. Chairman, Excellencies, distinguished delegates, and ladies and 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global economic growth estimated around 2.8% in the 2025 remains below the pre-pandemic average, reflecting persistent structural and emerging risks.","start":5680.329,"end":5690,"topics":[],"words":[{"text":"The","start":5680.329,"end":5680.789},{"text":"global","start":5680.789,"end":5681.25},{"text":"economic","start":5681.25,"end":5681.711},{"text":"growth","start":5681.711,"end":5682.171},{"text":"estimated","start":5682.171,"end":5682.632},{"text":"around","start":5682.632,"end":5683.092},{"text":"2.8%","start":5683.092,"end":5683.553},{"text":"in","start":5683.553,"end":5684.013},{"text":"the","start":5684.013,"end":5684.474},{"text":"2025","start":5684.474,"end":5684.934},{"text":"remains","start":5684.934,"end":5685.395},{"text":"below","start":5685.395,"end":5685.855},{"text":"the","start":5685.855,"end":5686.316},{"text":"pre-pandemic","start":5686.316,"end":5686.776},{"text":"average,","start":5686.776,"end":5687.237},{"text":"reflecting","start":5687.237,"end":5687.697},{"text":"persistent","start":5687.697,"end":5688.158},{"text":"structural","start":5688.158,"end":5688.618},{"text":"and","start":5688.618,"end":5689.079},{"text":"emerging","start":5689.079,"end":5689.539},{"text":"risks.","start":5689.539,"end":5690}]}]},{"sentences":[{"text":"These include the heightened financial market vulnerabilities, elevated global public debt levels, and increasingly frequent and severe climate-related shocks.","start":5691,"end":5700.592,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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poorest and the most vulnerable countries are being disproportionately affected, facing a tightening financing environment and characterized by a significant unmet SDG investment needs and the rising costs associated with the environmental degradation and the climate impacts.","start":5700.592,"end":5719.777,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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this regard, it is imperative to strengthen our collective commitment to multilateralism and reinforce global solidarity to address the high cost of capital, mounting debt service pressures, structurally low domestic resource mobilization, and declining official development assistance and disruption to the trade and investment inflows.","start":5719.777,"end":5743,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable financing."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ 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Chairman, Mongolia reaffirms its commitment to the Sevilla Commitment, which charts a path toward a renewed global framework for financing for development to advance implementation of 2030 Agenda for Sustainable Development and Sustainable Development 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is endowed with the significant natural resources, including rare earth elements and other critical minerals with largely untapped potential, and the government has been actively working to foster a more investment-friendly environment and supported by the legal reforms.","start":5728.64,"end":5777,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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the same time, the country faces structural change, particularly the need to diversify its economy beyond the mining sector, and Mongolia holds a considerable potential in sectors such as ecotourism, the renewable energy, and the sustainable land 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its recent transition to upper-middle-income status has led to a reduced access to concessional funding, thereby the widening the financing gap for modernizing infrastructure, energy sector reform, and economic diversification.","start":5795.497,"end":5809.405,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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recent progress includes an upgrade of Mongolia's sovereign credit rating, successful liability management operation held in early 2026, and the ongoing reforms of the Development Bank of Mongolia.","start":5834.081,"end":5847.092,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable financing."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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Mongolia.","start":5863,"end":5867.524,"topics":[],"words":[{"text":"I","start":5863,"end":5863.452},{"text":"thank","start":5863.452,"end":5863.905},{"text":"His","start":5863.905,"end":5864.357},{"text":"Excellency","start":5864.357,"end":5864.81},{"text":"the","start":5864.81,"end":5865.262},{"text":"Deputy","start":5865.262,"end":5865.714},{"text":"Prime","start":5865.714,"end":5866.167},{"text":"Minister","start":5866.167,"end":5866.619},{"text":"of","start":5866.619,"end":5867.071},{"text":"Mongolia.","start":5867.071,"end":5867.524}]},{"text":"Now I give the floor to Her Excellency Sandra Paulme, Minister of Planning and External Cooperation of Haiti, speaking on behalf of the Caribbean Community (CARICOM), to be followed by Sierra 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align with the statement delivered by the representative of Uruguay on behalf of the G77 and China and Palau on behalf of the Alliance of Small Island 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President, CARICOM welcomes this opportunity to engage in the in-depth review of key action areas under the Sevilla 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discussion comes at a critical juncture, as our countries continue to confront constrained fiscal space, high debt burdens, and escalating climate impacts, all of which undermine our capacity to achieve sustainable development.","start":5927.88,"end":5946.36,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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these difficulties, the international community must remain steadfast in its collective commitment to the pursuit of sustainable 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President, allow me to highlight a few priorities for CARICOM.","start":5958,"end":5964.617,"topics":[],"words":[{"text":"Mr.","start":5958,"end":5958.602},{"text":"President,","start":5958.602,"end":5959.203},{"text":"allow","start":5959.203,"end":5959.805},{"text":"me","start":5959.805,"end":5960.406},{"text":"to","start":5960.406,"end":5961.008},{"text":"highlight","start":5961.008,"end":5961.609},{"text":"a","start":5961.609,"end":5962.211},{"text":"few","start":5962.211,"end":5962.813},{"text":"priorities","start":5962.813,"end":5963.414},{"text":"for","start":5963.414,"end":5964.016},{"text":"CARICOM.","start":5964.016,"end":5964.617}]},{"text":"First, on private business and finance, we underscore the importance of mobilizing greater volumes of affordable and accessible private capital to support sustainable development.","start":5964.617,"end":5979.055,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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includes addressing the decline in correspondent banking relationships, which continues to constrain financial flows and access to the global financial system.","start":5979.055,"end":5992.289,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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also requires enhanced mechanisms for de-risking investments, strengthening partnerships, and aligning private finance with national development priorities.","start":5992.289,"end":6003.117,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"It","start":5992.289,"end":5992.891},{"text":"also","start":5992.891,"end":5993.492},{"text":"requires","start":5993.492,"end":5994.094},{"text":"enhanced","start":5994.094,"end":5994.695},{"text":"mechanisms","start":5994.695,"end":5995.297},{"text":"for","start":5995.297,"end":5995.898},{"text":"de-risking","start":5995.898,"end":5996.5},{"text":"investments,","start":5996.5,"end":5997.102},{"text":"strengthening","start":5997.102,"end":5997.703},{"text":"partnerships,","start":5997.703,"end":5998.305},{"text":"and","start":5998.305,"end":5998.906},{"text":"aligning","start":5998.906,"end":5999.508},{"text":"private","start":5999.508,"end":6000.109},{"text":"finance","start":6000.109,"end":6000.711},{"text":"with","start":6000.711,"end":6001.313},{"text":"national","start":6001.313,"end":6001.914},{"text":"development","start":6001.914,"end":6002.516},{"text":"priorities.","start":6002.516,"end":6003.117}]},{"text":"We further emphasize the need for innovative financing instruments that can better respond to the unique vulnerabilities of our economies.","start":6003.117,"end":6015.148,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"We","start":6003.117,"end":6003.719},{"text":"further","start":6003.719,"end":6004.32},{"text":"emphasize","start":6004.32,"end":6004.922},{"text":"the","start":6004.922,"end":6005.523},{"text":"need","start":6005.523,"end":6006.125},{"text":"for","start":6006.125,"end":6006.727},{"text":"innovative","start":6006.727,"end":6007.328},{"text":"financing","start":6007.328,"end":6007.93},{"text":"instruments","start":6007.93,"end":6008.531},{"text":"that","start":6008.531,"end":6009.133},{"text":"can","start":6009.133,"end":6009.734},{"text":"better","start":6009.734,"end":6010.336},{"text":"respond","start":6010.336,"end":6010.938},{"text":"to","start":6010.938,"end":6011.539},{"text":"the","start":6011.539,"end":6012.141},{"text":"unique","start":6012.141,"end":6012.742},{"text":"vulnerabilities","start":6012.742,"end":6013.344},{"text":"of","start":6013.344,"end":6013.945},{"text":"our","start":6013.945,"end":6014.547},{"text":"economies.","start":6014.547,"end":6015.148}]},{"text":"The Antigua and Barbuda Agenda for SIDS offers practical approaches to addressing the underlying barriers in accessing and mobilizing finance for SIDS in CARICOM.","start":6015.148,"end":6029.586,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}],"words":[{"text":"The","start":6015.148,"end":6015.75},{"text":"Antigua","start":6015.75,"end":6016.352},{"text":"and","start":6016.352,"end":6016.953},{"text":"Barbuda","start":6016.953,"end":6017.555},{"text":"Agenda","start":6017.555,"end":6018.156},{"text":"for","start":6018.156,"end":6018.758},{"text":"SIDS","start":6018.758,"end":6019.359},{"text":"offers","start":6019.359,"end":6019.961},{"text":"practical","start":6019.961,"end":6020.563},{"text":"approaches","start":6020.563,"end":6021.164},{"text":"to","start":6021.164,"end":6021.766},{"text":"addressing","start":6021.766,"end":6022.367},{"text":"the","start":6022.367,"end":6022.969},{"text":"underlying","start":6022.969,"end":6023.57},{"text":"barriers","start":6023.57,"end":6024.172},{"text":"in","start":6024.172,"end":6024.773},{"text":"accessing","start":6024.773,"end":6025.375},{"text":"and","start":6025.375,"end":6025.977},{"text":"mobilizing","start":6025.977,"end":6026.578},{"text":"finance","start":6026.578,"end":6027.18},{"text":"for","start":6027.18,"end":6027.781},{"text":"SIDS","start":6027.781,"end":6028.383},{"text":"in","start":6028.383,"end":6028.984},{"text":"CARICOM.","start":6028.984,"end":6029.586}]},{"text":"Therefore, we reiterate its calls for its full implementation.","start":6029.586,"end":6035,"topics":[],"words":[{"text":"Therefore,","start":6029.586,"end":6030.188},{"text":"we","start":6030.188,"end":6030.789},{"text":"reiterate","start":6030.789,"end":6031.391},{"text":"its","start":6031.391,"end":6031.992},{"text":"calls","start":6031.992,"end":6032.594},{"text":"for","start":6032.594,"end":6033.195},{"text":"its","start":6033.195,"end":6033.797},{"text":"full","start":6033.797,"end":6034.398},{"text":"implementation.","start":6034.398,"end":6035}]}]},{"sentences":[{"text":"Second, on trade, CARICOM stresses the importance of a fair, inclusive, and rule-based multilateral trading system.","start":6036,"end":6046,"topics":[],"words":[{"text":"Second,","start":6036,"end":6036.625},{"text":"on","start":6036.625,"end":6037.25},{"text":"trade,","start":6037.25,"end":6037.875},{"text":"CARICOM","start":6037.875,"end":6038.5},{"text":"stresses","start":6038.5,"end":6039.125},{"text":"the","start":6039.125,"end":6039.75},{"text":"importance","start":6039.75,"end":6040.375},{"text":"of","start":6040.375,"end":6041},{"text":"a","start":6041,"end":6041.625},{"text":"fair,","start":6041.625,"end":6042.25},{"text":"inclusive,","start":6042.25,"end":6042.875},{"text":"and","start":6042.875,"end":6043.5},{"text":"rule-based","start":6043.5,"end":6044.125},{"text":"multilateral","start":6044.125,"end":6044.75},{"text":"trading","start":6044.75,"end":6045.375},{"text":"system.","start":6045.375,"end":6046}]},{"text":"For of small and open economies, trade remains a vital engine of growth and resilience.","start":6046,"end":6055.375,"topics":[],"words":[{"text":"For","start":6046,"end":6046.625},{"text":"of","start":6046.625,"end":6047.25},{"text":"small","start":6047.25,"end":6047.875},{"text":"and","start":6047.875,"end":6048.5},{"text":"open","start":6048.5,"end":6049.125},{"text":"economies,","start":6049.125,"end":6049.75},{"text":"trade","start":6049.75,"end":6050.375},{"text":"remains","start":6050.375,"end":6051},{"text":"a","start":6051,"end":6051.625},{"text":"vital","start":6051.625,"end":6052.25},{"text":"engine","start":6052.25,"end":6052.875},{"text":"of","start":6052.875,"end":6053.5},{"text":"growth","start":6053.5,"end":6054.125},{"text":"and","start":6054.125,"end":6054.75},{"text":"resilience.","start":6054.75,"end":6055.375}]},{"text":"We call for enhanced support to build productive capacity and improve competitiveness and address long-standing structural constraints, including high transportation costs and limited market access.","start":6055.375,"end":6071,"topics":[],"words":[{"text":"We","start":6055.375,"end":6056},{"text":"call","start":6056,"end":6056.625},{"text":"for","start":6056.625,"end":6057.25},{"text":"enhanced","start":6057.25,"end":6057.875},{"text":"support","start":6057.875,"end":6058.5},{"text":"to","start":6058.5,"end":6059.125},{"text":"build","start":6059.125,"end":6059.75},{"text":"productive","start":6059.75,"end":6060.375},{"text":"capacity","start":6060.375,"end":6061},{"text":"and","start":6061,"end":6061.625},{"text":"improve","start":6061.625,"end":6062.25},{"text":"competitiveness","start":6062.25,"end":6062.875},{"text":"and","start":6062.875,"end":6063.5},{"text":"address","start":6063.5,"end":6064.125},{"text":"long-standing","start":6064.125,"end":6064.75},{"text":"structural","start":6064.75,"end":6065.375},{"text":"constraints,","start":6065.375,"end":6066},{"text":"including","start":6066,"end":6066.625},{"text":"high","start":6066.625,"end":6067.25},{"text":"transportation","start":6067.25,"end":6067.875},{"text":"costs","start":6067.875,"end":6068.5},{"text":"and","start":6068.5,"end":6069.125},{"text":"limited","start":6069.125,"end":6069.75},{"text":"market","start":6069.75,"end":6070.375},{"text":"access.","start":6070.375,"end":6071}]}]},{"sentences":[{"text":"Third, with respect to the international financial architecture, CARICOM reiterates the urgent need for reform.","start":6071,"end":6079.382,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"Third,","start":6071,"end":6071.559},{"text":"with","start":6071.559,"end":6072.118},{"text":"respect","start":6072.118,"end":6072.676},{"text":"to","start":6072.676,"end":6073.235},{"text":"the","start":6073.235,"end":6073.794},{"text":"international","start":6073.794,"end":6074.353},{"text":"financial","start":6074.353,"end":6074.912},{"text":"architecture,","start":6074.912,"end":6075.471},{"text":"CARICOM","start":6075.471,"end":6076.029},{"text":"reiterates","start":6076.029,"end":6076.588},{"text":"the","start":6076.588,"end":6077.147},{"text":"urgent","start":6077.147,"end":6077.706},{"text":"need","start":6077.706,"end":6078.265},{"text":"for","start":6078.265,"end":6078.824},{"text":"reform.","start":6078.824,"end":6079.382}]},{"text":"The current system must become more inclusive, responsive, and representative of the realities.","start":6079.382,"end":6086.647,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"The","start":6079.382,"end":6079.941},{"text":"current","start":6079.941,"end":6080.5},{"text":"system","start":6080.5,"end":6081.059},{"text":"must","start":6081.059,"end":6081.618},{"text":"become","start":6081.618,"end":6082.176},{"text":"more","start":6082.176,"end":6082.735},{"text":"inclusive,","start":6082.735,"end":6083.294},{"text":"responsive,","start":6083.294,"end":6083.853},{"text":"and","start":6083.853,"end":6084.412},{"text":"representative","start":6084.412,"end":6084.971},{"text":"of","start":6084.971,"end":6085.529},{"text":"the","start":6085.529,"end":6086.088},{"text":"realities.","start":6086.088,"end":6086.647}]},{"text":"We call for greater access to concessional financing, the use of criteria beyond GDP, such as the Multidimensional Vulnerability Index, and the strengthening of global financial safety nets.","start":6086.647,"end":6102.294,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income countries."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"We","start":6086.647,"end":6087.206},{"text":"call","start":6087.206,"end":6087.765},{"text":"for","start":6087.765,"end":6088.324},{"text":"greater","start":6088.324,"end":6088.882},{"text":"access","start":6088.882,"end":6089.441},{"text":"to","start":6089.441,"end":6090},{"text":"concessional","start":6090,"end":6090.559},{"text":"financing,","start":6090.559,"end":6091.118},{"text":"the","start":6091.118,"end":6091.676},{"text":"use","start":6091.676,"end":6092.235},{"text":"of","start":6092.235,"end":6092.794},{"text":"criteria","start":6092.794,"end":6093.353},{"text":"beyond","start":6093.353,"end":6093.912},{"text":"GDP,","start":6093.912,"end":6094.471},{"text":"such","start":6094.471,"end":6095.029},{"text":"as","start":6095.029,"end":6095.588},{"text":"the","start":6095.588,"end":6096.147},{"text":"Multidimensional","start":6096.147,"end":6096.706},{"text":"Vulnerability","start":6096.706,"end":6097.265},{"text":"Index,","start":6097.265,"end":6097.824},{"text":"and","start":6097.824,"end":6098.382},{"text":"the","start":6098.382,"end":6098.941},{"text":"strengthening","start":6098.941,"end":6099.5},{"text":"of","start":6099.5,"end":6100.059},{"text":"global","start":6100.059,"end":6100.618},{"text":"financial","start":6100.618,"end":6101.176},{"text":"safety","start":6101.176,"end":6101.735},{"text":"nets.","start":6101.735,"end":6102.294}]},{"text":"Ensuring that SIDS have a meaningful voice in decision-making processes remains essential.","start":6102.294,"end":6109,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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constraints in data collection and analysis must be addressed through enhanced technical and financial support.","start":6122.933,"end":6132.625,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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outcomes.","start":6132.625,"end":6144.74,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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also use this opportunity to highlight progress in initiatives such as the SIDS Center of Excellence and its Global Data Hub, which aims to strengthening national data infrastructure, digital systems, and institutional capacity of SIDS while improving access to disaggregated, high-quality, and timely data.","start":6144.74,"end":6172,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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President, CARICOM remains committed to working with all stakeholders to advance a more equitable and resilient global financial system.","start":6172,"end":6183.2,"topics":[],"words":[{"text":"Mr.","start":6172,"end":6172.56},{"text":"President,","start":6172.56,"end":6173.12},{"text":"CARICOM","start":6173.12,"end":6173.68},{"text":"remains","start":6173.68,"end":6174.24},{"text":"committed","start":6174.24,"end":6174.8},{"text":"to","start":6174.8,"end":6175.36},{"text":"working","start":6175.36,"end":6175.92},{"text":"with","start":6175.92,"end":6176.48},{"text":"all","start":6176.48,"end":6177.04},{"text":"stakeholders","start":6177.04,"end":6177.6},{"text":"to","start":6177.6,"end":6178.16},{"text":"advance","start":6178.16,"end":6178.72},{"text":"a","start":6178.72,"end":6179.28},{"text":"more","start":6179.28,"end":6179.84},{"text":"equitable","start":6179.84,"end":6180.4},{"text":"and","start":6180.4,"end":6180.96},{"text":"resilient","start":6180.96,"end":6181.52},{"text":"global","start":6181.52,"end":6182.08},{"text":"financial","start":6182.08,"end":6182.64},{"text":"system.","start":6182.64,"end":6183.2}]},{"text":"We call for strengthened multilateral cooperation and renewed political will to ensure that the implementation of the Sevilla Commitment delivers meaningful outcomes for present and future 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thank you.","start":6198.32,"end":6200,"topics":[],"words":[{"text":"I","start":6198.32,"end":6198.88},{"text":"thank","start":6198.88,"end":6199.44},{"text":"you.","start":6199.44,"end":6200}]}]}],"speaker":{"name":"Sandra Paulme","affiliation":"HTI","affiliation_full":"Haiti","group":"CARICOM","function":"Minister of Planning and External Cooperation"}},{"statement_number":47,"paragraphs":[{"sentences":[{"text":"I thank Her Excellency the Minister of Planning and External Cooperation of 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Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":48,"paragraphs":[{"sentences":[{"text":"Mr. President, Excellencies, distinguished delegates.","start":6228,"end":6231.217,"topics":[],"words":[{"text":"Mr.","start":6228,"end":6228.643},{"text":"President,","start":6228.643,"end":6229.287},{"text":"Excellencies,","start":6229.287,"end":6229.93},{"text":"distinguished","start":6229.93,"end":6230.574},{"text":"delegates.","start":6230.574,"end":6231.217}]},{"text":"I bring you warm greetings from the people of people and the government of Sierra Leone, and I thank the United Nations for its continued leadership in advancing multilateralism and convening this important 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the global context remains deeply challenging, especially for LDCs such as Sierra Leone.","start":6253.093,"end":6262.101,"topics":[],"words":[{"text":"Excellencies,","start":6253.093,"end":6253.736},{"text":"the","start":6253.736,"end":6254.38},{"text":"global","start":6254.38,"end":6255.023},{"text":"context","start":6255.023,"end":6255.667},{"text":"remains","start":6255.667,"end":6256.31},{"text":"deeply","start":6256.31,"end":6256.953},{"text":"challenging,","start":6256.953,"end":6257.597},{"text":"especially","start":6257.597,"end":6258.24},{"text":"for","start":6258.24,"end":6258.884},{"text":"LDCs","start":6258.884,"end":6259.527},{"text":"such","start":6259.527,"end":6260.171},{"text":"as","start":6260.171,"end":6260.814},{"text":"Sierra","start":6260.814,"end":6261.457},{"text":"Leone.","start":6261.457,"end":6262.101}]},{"text":"Tightening financial conditions, rising debt vulnerabilities, declining official development assistance, and increasing fragmentation continue to severely constrain our development.","start":6262.101,"end":6274.326,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."},{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, 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is happening at a moment of a widening annual financing gap for developing countries, currently estimated at at least 4 trillion United States 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also underscore the importance of advancing the Common African Position on Debt, which provides a unified framework for moving debt from debt vulnerability towards sustainable financing, structural transformation, and economic sovereignty.","start":6312,"end":6334.476,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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at the national level, Sierra Leone is pursuing strategic reforms to mobilize sustainable financing.","start":6334.476,"end":6345.012,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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we continue to strengthen our medium-term revenue strategy with the principal objective of increasing revenue by about 20% of the GDP in 2027, while strengthening overall public management systems, improving macroeconomic stability and investment climate to attract diversified financing, included included blended and diaspora finance.","start":6425,"end":6450.794,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues 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the Sevilla Commitment, Sierra Leone convened a national financing for development conference to domesticate the Sevilla Commitment, focusing on priorities such as blended finance, diaspora finance, national capital, and curbing of illicit finance.","start":6450.794,"end":6469.86,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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the time for action is now.","start":6469.86,"end":6473.785,"topics":[],"words":[{"text":"Excellencies,","start":6469.86,"end":6470.421},{"text":"the","start":6470.421,"end":6470.981},{"text":"time","start":6470.981,"end":6471.542},{"text":"for","start":6471.542,"end":6472.103},{"text":"action","start":6472.103,"end":6472.664},{"text":"is","start":6472.664,"end":6473.224},{"text":"now.","start":6473.224,"end":6473.785}]},{"text":"We must move beyond commitments to delivery through meaningful 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to...","start":6479.393,"end":6485,"topics":[],"words":[{"text":"Sierra","start":6479.393,"end":6479.953},{"text":"Leone","start":6479.953,"end":6480.514},{"text":"stands","start":6480.514,"end":6481.075},{"text":"ready","start":6481.075,"end":6481.636},{"text":"to","start":6481.636,"end":6482.196},{"text":"work","start":6482.196,"end":6482.757},{"text":"with","start":6482.757,"end":6483.318},{"text":"all","start":6483.318,"end":6483.879},{"text":"partners","start":6483.879,"end":6484.439},{"text":"to...","start":6484.439,"end":6485}]}]}],"speaker":{"name":"Kenyeh Barlay","affiliation":"SLE","affiliation_full":"Sierra Leone","group":null,"function":"Minister of Planning and Economic Development"}},{"statement_number":49,"paragraphs":[{"sentences":[{"text":"I thank Her Excellency the Minister of Planning and Economic Development of Sierra Leone, and now I give the floor to His Excellency Neal Rijkenberg, Minister of Finance of Eswatini, to be followed by Algeria.","start":6500,"end":6511,"topics":[],"words":[{"text":"I","start":6500,"end":6500.314},{"text":"thank","start":6500.314,"end":6500.629},{"text":"Her","start":6500.629,"end":6500.943},{"text":"Excellency","start":6500.943,"end":6501.257},{"text":"the","start":6501.257,"end":6501.571},{"text":"Minister","start":6501.571,"end":6501.886},{"text":"of","start":6501.886,"end":6502.2},{"text":"Planning","start":6502.2,"end":6502.514},{"text":"and","start":6502.514,"end":6502.829},{"text":"Economic","start":6502.829,"end":6503.143},{"text":"Development","start":6503.143,"end":6503.457},{"text":"of","start":6503.457,"end":6503.771},{"text":"Sierra","start":6503.771,"end":6504.086},{"text":"Leone,","start":6504.086,"end":6504.4},{"text":"and","start":6504.4,"end":6504.714},{"text":"now","start":6504.714,"end":6505.029},{"text":"I","start":6505.029,"end":6505.343},{"text":"give","start":6505.343,"end":6505.657},{"text":"the","start":6505.657,"end":6505.971},{"text":"floor","start":6505.971,"end":6506.286},{"text":"to","start":6506.286,"end":6506.6},{"text":"His","start":6506.6,"end":6506.914},{"text":"Excellency","start":6506.914,"end":6507.229},{"text":"Neal","start":6507.229,"end":6507.543},{"text":"Rijkenberg,","start":6507.543,"end":6507.857},{"text":"Minister","start":6507.857,"end":6508.171},{"text":"of","start":6508.171,"end":6508.486},{"text":"Finance","start":6508.486,"end":6508.8},{"text":"of","start":6508.8,"end":6509.114},{"text":"Eswatini,","start":6509.114,"end":6509.429},{"text":"to","start":6509.429,"end":6509.743},{"text":"be","start":6509.743,"end":6510.057},{"text":"followed","start":6510.057,"end":6510.371},{"text":"by","start":6510.371,"end":6510.686},{"text":"Algeria.","start":6510.686,"end":6511}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":50,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":6520,"end":6521.782,"topics":[],"words":[{"text":"Thank","start":6520,"end":6520.446},{"text":"you,","start":6520.446,"end":6520.891},{"text":"Mr.","start":6520.891,"end":6521.337},{"text":"President.","start":6521.337,"end":6521.782}]},{"text":"Our government continues to work tirelessly in ensuring that Eswatini's fiscal position is strengthened, underpinned by continuous commitment in public investment to boost economic activity, strategic revenue growth initiatives, and we are undertaking fiscal rationalization.","start":6521.782,"end":6537.376,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing 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remains committed to sustaining fiscal discipline while directing spending towards growth-enhancing priorities and structural reforms that improve and support long-term development 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promote transparency and strengthen accountability in fiscal systems, our Eswatini Revenue Services is implementing a fiscalization plan to improve compliance and domestic revenue collection, and our government's in the process of implementing the Integrated Financial Management Information System.","start":6547.624,"end":6565,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for development."},{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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Sevilla, we committed to develop policy frameworks that create an enabling environment at all levels for investment and sustainable development.","start":6566,"end":6575.2,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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trade remains a critical engine for development, yet it's currently under strain from rising uncertainties and an increase in trade-restrictive 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recognize the important elements included in the Sevilla outcome statement that contribute to closing the financing gap, supporting the reform on international financial architecture, and strengthening the implementation of development commitments, including the 2030 Agenda and the achievement of SDGs.","start":6622.942,"end":6641.471,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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is a need to build stronger institutional frameworks.","start":6641.471,"end":6645.538,"topics":[],"words":[{"text":"There","start":6641.471,"end":6641.923},{"text":"is","start":6641.923,"end":6642.375},{"text":"a","start":6642.375,"end":6642.827},{"text":"need","start":6642.827,"end":6643.279},{"text":"to","start":6643.279,"end":6643.731},{"text":"build","start":6643.731,"end":6644.183},{"text":"stronger","start":6644.183,"end":6644.635},{"text":"institutional","start":6644.635,"end":6645.087},{"text":"frameworks.","start":6645.087,"end":6645.538}]},{"text":"Eswatini as a developing country continues to face high borrowing costs and debt servicing burdens that absorb a significant share of the public revenues, leaving limited fiscal space to advance sustainable development.","start":6645.538,"end":6660,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and 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welcome the call on the Sevilla Commitment to exploring options to address debt sustainability.","start":6661,"end":6666.172,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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value.","start":6999,"end":7012.929,"topics":[],"words":[{"text":"Perhaps","start":6999,"end":6999.536},{"text":"solidarity","start":6999.536,"end":7000.071},{"text":"and","start":7000.071,"end":7000.607},{"text":"building","start":7000.607,"end":7001.143},{"text":"trust","start":7001.143,"end":7001.679},{"text":"when","start":7001.679,"end":7002.214},{"text":"international","start":7002.214,"end":7002.75},{"text":"trade","start":7002.75,"end":7003.286},{"text":"is","start":7003.286,"end":7003.821},{"text":"built","start":7003.821,"end":7004.357},{"text":"so","start":7004.357,"end":7004.893},{"text":"that","start":7004.893,"end":7005.429},{"text":"developing","start":7005.429,"end":7005.964},{"text":"countries","start":7005.964,"end":7006.5},{"text":"are","start":7006.5,"end":7007.036},{"text":"doomed","start":7007.036,"end":7007.571},{"text":"essentially","start":7007.571,"end":7008.107},{"text":"to","start":7008.107,"end":7008.643},{"text":"export","start":7008.643,"end":7009.179},{"text":"commodities","start":7009.179,"end":7009.714},{"text":"and","start":7009.714,"end":7010.25},{"text":"goods","start":7010.25,"end":7010.786},{"text":"of","start":7010.786,"end":7011.321},{"text":"low","start":7011.321,"end":7011.857},{"text":"added","start":7011.857,"end":7012.393},{"text":"value.","start":7012.393,"end":7012.929}]},{"text":"West 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financial models that ensure stable and predictable economic ties, for the share of national currencies, the local taking clearing accounts, and there's also alternative systems of exchange of financial information being developed, and digital assets are being leveraged.","start":7026.321,"end":7059,"topics":[{"key":"local-currency-finance","label":"Local Currency Financing and Markets","description":"Expanding local currency lending and developing domestic capital markets to reduce FX risk, transform domestic savings into investment, and lower debt vulnerabilities through onshore instruments and liquidity 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need a shift to regarding this worrying debt situation in developing countries that creates systemic risks.","start":7059,"end":7065.296,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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note the unprecedented politicization of the work of the Bretton Woods institutions.","start":7085.296,"end":7090.111,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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the same time, countries in need for similar support can't count on this kind of thing.","start":7101.593,"end":7107.889,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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World Bank needs to have ensure equal and fair access to resources and concessional financing provided.","start":7122.704,"end":7129,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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effective regulatory, technological, and digital solutions.","start":7129,"end":7138.259,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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tightening financial conditions, rising debt vulnerabilities, and uneven recovery trajectories, India underscores that stronger multilateral cooperation is critical to achieving the sustainable development 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in order to bridge the USD 4 trillion SDG financing gap, a fair, inclusive, and development-oriented global financial system is essential.","start":7185.733,"end":7195.97,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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President, private business and finance have a key role to play in supporting sustainable development.","start":7268.261,"end":7274.29,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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realized.","start":7274.29,"end":7277.304,"topics":[],"words":[{"text":"Yet","start":7274.29,"end":7274.667},{"text":"their","start":7274.667,"end":7275.043},{"text":"full","start":7275.043,"end":7275.42},{"text":"potential","start":7275.42,"end":7275.797},{"text":"remains","start":7275.797,"end":7276.174},{"text":"far","start":7276.174,"end":7276.551},{"text":"from","start":7276.551,"end":7276.928},{"text":"realized.","start":7276.928,"end":7277.304}]},{"text":"Streamlining regulatory processes, strengthening legal protections for investors, ensuring fair competition, and providing fiscal incentives for sustainable projects are some of the strategies that can strengthen an enabling environment at the national level as we have done in India.","start":7277.304,"end":7292,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks 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also highlight that sovereign credit ratings continue to constrain access to affordable market finance for developing countries.","start":7293,"end":7299.568,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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better reflect country realities and support increased private capital flows.","start":7299.568,"end":7306.135,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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forward to continued engagement with all relevant stakeholders to ensure the timely and effective implementation of the Sevilla Commitment, so that no one is left behind.","start":7306.135,"end":7318.905,"topics":[],"words":[{"text":"With","start":7306.135,"end":7306.5},{"text":"only","start":7306.5,"end":7306.865},{"text":"four","start":7306.865,"end":7307.23},{"text":"years","start":7307.23,"end":7307.595},{"text":"remaining","start":7307.595,"end":7307.959},{"text":"until","start":7307.959,"end":7308.324},{"text":"2030,","start":7308.324,"end":7308.689},{"text":"India","start":7308.689,"end":7309.054},{"text":"looks","start":7309.054,"end":7309.419},{"text":"forward","start":7309.419,"end":7309.784},{"text":"to","start":7309.784,"end":7310.149},{"text":"continued","start":7310.149,"end":7310.514},{"text":"engagement","start":7310.514,"end":7310.878},{"text":"with","start":7310.878,"end":7311.243},{"text":"all","start":7311.243,"end":7311.608},{"text":"relevant","start":7311.608,"end":7311.973},{"text":"stakeholders","start":7311.973,"end":7312.338},{"text":"to","start":7312.338,"end":7312.703},{"text":"ensure","start":7312.703,"end":7313.068},{"text":"the","start":7313.068,"end":7313.432},{"text":"timely","start":7313.432,"end":7313.797},{"text":"and","start":7313.797,"end":7314.162},{"text":"effective","start":7314.162,"end":7314.527},{"text":"implementation","start":7314.527,"end":7314.892},{"text":"of","start":7314.892,"end":7315.257},{"text":"the","start":7315.257,"end":7315.622},{"text":"Sevilla","start":7315.622,"end":7315.986},{"text":"Commitment,","start":7315.986,"end":7316.351},{"text":"so","start":7316.351,"end":7316.716},{"text":"that","start":7316.716,"end":7317.081},{"text":"no","start":7317.081,"end":7317.446},{"text":"one","start":7317.446,"end":7317.811},{"text":"is","start":7317.811,"end":7318.176},{"text":"left","start":7318.176,"end":7318.541},{"text":"behind.","start":7318.541,"end":7318.905}]},{"text":"I thank you.","start":7318.905,"end":7320,"topics":[],"words":[{"text":"I","start":7318.905,"end":7319.27},{"text":"thank","start":7319.27,"end":7319.635},{"text":"you.","start":7319.635,"end":7320}]}]}],"speaker":{"name":"C.B. George","affiliation":"IND","affiliation_full":"India","group":null,"function":"Secretary West"}},{"statement_number":57,"paragraphs":[{"sentences":[{"text":"I thank His Excellency the Secretary Ministry of External Affairs of India.","start":7321,"end":7326.514,"topics":[],"words":[{"text":"I","start":7321,"end":7321.459},{"text":"thank","start":7321.459,"end":7321.919},{"text":"His","start":7321.919,"end":7322.378},{"text":"Excellency","start":7322.378,"end":7322.838},{"text":"the","start":7322.838,"end":7323.297},{"text":"Secretary","start":7323.297,"end":7323.757},{"text":"Ministry","start":7323.757,"end":7324.216},{"text":"of","start":7324.216,"end":7324.676},{"text":"External","start":7324.676,"end":7325.135},{"text":"Affairs","start":7325.135,"end":7325.595},{"text":"of","start":7325.595,"end":7326.054},{"text":"India.","start":7326.054,"end":7326.514}]},{"text":"Now I give the floor to His Excellency Putut Hari Satyaka, Deputy Minister for Development Funding of Indonesia, to be followed by Haiti and Norway.","start":7326.514,"end":7338,"topics":[],"words":[{"text":"Now","start":7326.514,"end":7326.973},{"text":"I","start":7326.973,"end":7327.432},{"text":"give","start":7327.432,"end":7327.892},{"text":"the","start":7327.892,"end":7328.351},{"text":"floor","start":7328.351,"end":7328.811},{"text":"to","start":7328.811,"end":7329.27},{"text":"His","start":7329.27,"end":7329.73},{"text":"Excellency","start":7329.73,"end":7330.189},{"text":"Putut","start":7330.189,"end":7330.649},{"text":"Hari","start":7330.649,"end":7331.108},{"text":"Satyaka,","start":7331.108,"end":7331.568},{"text":"Deputy","start":7331.568,"end":7332.027},{"text":"Minister","start":7332.027,"end":7332.486},{"text":"for","start":7332.486,"end":7332.946},{"text":"Development","start":7332.946,"end":7333.405},{"text":"Funding","start":7333.405,"end":7333.865},{"text":"of","start":7333.865,"end":7334.324},{"text":"Indonesia,","start":7334.324,"end":7334.784},{"text":"to","start":7334.784,"end":7335.243},{"text":"be","start":7335.243,"end":7335.703},{"text":"followed","start":7335.703,"end":7336.162},{"text":"by","start":7336.162,"end":7336.622},{"text":"Haiti","start":7336.622,"end":7337.081},{"text":"and","start":7337.081,"end":7337.541},{"text":"Norway.","start":7337.541,"end":7338}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":58,"paragraphs":[{"sentences":[{"text":"Thank you, President.","start":7356,"end":7357.409,"topics":[],"words":[{"text":"Thank","start":7356,"end":7356.47},{"text":"you,","start":7356.47,"end":7356.939},{"text":"President.","start":7356.939,"end":7357.409}]},{"text":"We meet at a critical juncture, marked by complex challenges including widening financing gaps, rising debt vulnerabilities, and climate risks.","start":7357.409,"end":7366.8,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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only four years remaining to achieve the 2030 Agenda, these challenges continue to undermine or even halt progress on the sustainable development goals.","start":7366.8,"end":7378.07,"topics":[],"words":[{"text":"With","start":7366.8,"end":7367.27},{"text":"only","start":7367.27,"end":7367.739},{"text":"four","start":7367.739,"end":7368.209},{"text":"years","start":7368.209,"end":7368.678},{"text":"remaining","start":7368.678,"end":7369.148},{"text":"to","start":7369.148,"end":7369.617},{"text":"achieve","start":7369.617,"end":7370.087},{"text":"the","start":7370.087,"end":7370.557},{"text":"2030","start":7370.557,"end":7371.026},{"text":"Agenda,","start":7371.026,"end":7371.496},{"text":"these","start":7371.496,"end":7371.965},{"text":"challenges","start":7371.965,"end":7372.435},{"text":"continue","start":7372.435,"end":7372.904},{"text":"to","start":7372.904,"end":7373.374},{"text":"undermine","start":7373.374,"end":7373.843},{"text":"or","start":7373.843,"end":7374.313},{"text":"even","start":7374.313,"end":7374.783},{"text":"halt","start":7374.783,"end":7375.252},{"text":"progress","start":7375.252,"end":7375.722},{"text":"on","start":7375.722,"end":7376.191},{"text":"the","start":7376.191,"end":7376.661},{"text":"sustainable","start":7376.661,"end":7377.13},{"text":"development","start":7377.13,"end":7377.6},{"text":"goals.","start":7377.6,"end":7378.07}]},{"text":"What is happened is not further fragmentation, but stronger international cooperation and renewed commitment to financing for development.","start":7378.07,"end":7386.522,"topics":[],"words":[{"text":"What","start":7378.07,"end":7378.539},{"text":"is","start":7378.539,"end":7379.009},{"text":"happened","start":7379.009,"end":7379.478},{"text":"is","start":7379.478,"end":7379.948},{"text":"not","start":7379.948,"end":7380.417},{"text":"further","start":7380.417,"end":7380.887},{"text":"fragmentation,","start":7380.887,"end":7381.357},{"text":"but","start":7381.357,"end":7381.826},{"text":"stronger","start":7381.826,"end":7382.296},{"text":"international","start":7382.296,"end":7382.765},{"text":"cooperation","start":7382.765,"end":7383.235},{"text":"and","start":7383.235,"end":7383.704},{"text":"renewed","start":7383.704,"end":7384.174},{"text":"commitment","start":7384.174,"end":7384.643},{"text":"to","start":7384.643,"end":7385.113},{"text":"financing","start":7385.113,"end":7385.583},{"text":"for","start":7385.583,"end":7386.052},{"text":"development.","start":7386.052,"end":7386.522}]},{"text":"The Sevilla Commitment provides a solid foundation grounded in solidarity, trust, and shared responsibility.","start":7386.522,"end":7393.096,"topics":[],"words":[{"text":"The","start":7386.522,"end":7386.991},{"text":"Sevilla","start":7386.991,"end":7387.461},{"text":"Commitment","start":7387.461,"end":7387.93},{"text":"provides","start":7387.93,"end":7388.4},{"text":"a","start":7388.4,"end":7388.87},{"text":"solid","start":7388.87,"end":7389.339},{"text":"foundation","start":7389.339,"end":7389.809},{"text":"grounded","start":7389.809,"end":7390.278},{"text":"in","start":7390.278,"end":7390.748},{"text":"solidarity,","start":7390.748,"end":7391.217},{"text":"trust,","start":7391.217,"end":7391.687},{"text":"and","start":7391.687,"end":7392.157},{"text":"shared","start":7392.157,"end":7392.626},{"text":"responsibility.","start":7392.626,"end":7393.096}]},{"text":"The 2026 ECOSOC Forum on Financing for Development serve as a key platform for advancing this agenda, while carrying forward the broader legacy of the Monterrey Consensus, the Doha Declaration, and the Addis Ababa Action Agenda.","start":7393.096,"end":7410,"topics":[],"words":[{"text":"The","start":7393.096,"end":7393.565},{"text":"2026","start":7393.565,"end":7394.035},{"text":"ECOSOC","start":7394.035,"end":7394.504},{"text":"Forum","start":7394.504,"end":7394.974},{"text":"on","start":7394.974,"end":7395.443},{"text":"Financing","start":7395.443,"end":7395.913},{"text":"for","start":7395.913,"end":7396.383},{"text":"Development","start":7396.383,"end":7396.852},{"text":"serve","start":7396.852,"end":7397.322},{"text":"as","start":7397.322,"end":7397.791},{"text":"a","start":7397.791,"end":7398.261},{"text":"key","start":7398.261,"end":7398.73},{"text":"platform","start":7398.73,"end":7399.2},{"text":"for","start":7399.2,"end":7399.67},{"text":"advancing","start":7399.67,"end":7400.139},{"text":"this","start":7400.139,"end":7400.609},{"text":"agenda,","start":7400.609,"end":7401.078},{"text":"while","start":7401.078,"end":7401.548},{"text":"carrying","start":7401.548,"end":7402.017},{"text":"forward","start":7402.017,"end":7402.487},{"text":"the","start":7402.487,"end":7402.957},{"text":"broader","start":7402.957,"end":7403.426},{"text":"legacy","start":7403.426,"end":7403.896},{"text":"of","start":7403.896,"end":7404.365},{"text":"the","start":7404.365,"end":7404.835},{"text":"Monterrey","start":7404.835,"end":7405.304},{"text":"Consensus,","start":7405.304,"end":7405.774},{"text":"the","start":7405.774,"end":7406.243},{"text":"Doha","start":7406.243,"end":7406.713},{"text":"Declaration,","start":7406.713,"end":7407.183},{"text":"and","start":7407.183,"end":7407.652},{"text":"the","start":7407.652,"end":7408.122},{"text":"Addis","start":7408.122,"end":7408.591},{"text":"Ababa","start":7408.591,"end":7409.061},{"text":"Action","start":7409.061,"end":7409.53},{"text":"Agenda.","start":7409.53,"end":7410}]}]},{"sentences":[{"text":"Please allow me to highlight four priority actions.","start":7411,"end":7415.4,"topics":[],"words":[{"text":"Please","start":7411,"end":7411.55},{"text":"allow","start":7411.55,"end":7412.1},{"text":"me","start":7412.1,"end":7412.65},{"text":"to","start":7412.65,"end":7413.2},{"text":"highlight","start":7413.2,"end":7413.75},{"text":"four","start":7413.75,"end":7414.3},{"text":"priority","start":7414.3,"end":7414.85},{"text":"actions.","start":7414.85,"end":7415.4}]},{"text":"First, reform the global financial architecture to expand equitable access to capital, including scaling up of concessional financing, strengthening domestic resource mobilization, addressing the high cost of capital, and advancing timely, fair, and effective debt resolution mechanism.","start":7415.4,"end":7435.75,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, 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scale up innovative financing instrument aligned with national priorities.","start":7435.75,"end":7441.25,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"Second,","start":7435.75,"end":7436.3},{"text":"scale","start":7436.3,"end":7436.85},{"text":"up","start":7436.85,"end":7437.4},{"text":"innovative","start":7437.4,"end":7437.95},{"text":"financing","start":7437.95,"end":7438.5},{"text":"instrument","start":7438.5,"end":7439.05},{"text":"aligned","start":7439.05,"end":7439.6},{"text":"with","start":7439.6,"end":7440.15},{"text":"national","start":7440.15,"end":7440.7},{"text":"priorities.","start":7440.7,"end":7441.25}]},{"text":"Instruments such as blended finance, SDG-linked instrument, green bonds, carbon trading, crowdfunding, and faith-based philanthropy can help mobilize private capital when supported by strong policy framework and risk-sharing mechanism.","start":7441.25,"end":7457.2,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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has advanced these efforts through initiatives such as green sukuk, SDG bond, and blue bonds.","start":7457.2,"end":7466,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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support.","start":7472.625,"end":7482.75,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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system to improve evidence-based decision-making, monitor risk, and track progress in implementing financing for development commitments.","start":7482.75,"end":7495.125,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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remain committed to advancing a more just and inclusive global financial architecture through transparent, country-led partnership grounded in mutual trust, trust, shared responsibility, and full respect of national ownership.","start":7495.125,"end":7512,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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us seize this opportunity to restore trust in multilateral system and ensure that the Sevilla Commitment delivers concrete and tangible results for people and 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thank you.","start":7522.862,"end":7524,"topics":[],"words":[{"text":"I","start":7522.862,"end":7523.241},{"text":"thank","start":7523.241,"end":7523.621},{"text":"you.","start":7523.621,"end":7524}]}]}],"speaker":{"name":"Putut Hari Satyaka","affiliation":"IDN","affiliation_full":"Indonesia","group":null,"function":"Deputy Minister for Development Funding"}},{"statement_number":59,"paragraphs":[{"sentences":[{"text":"I thank His Excellency Deputy Minister for Development Funding of Indonesia.","start":7525,"end":7530.194,"topics":[],"words":[{"text":"I","start":7525,"end":7525.472},{"text":"thank","start":7525.472,"end":7525.944},{"text":"His","start":7525.944,"end":7526.417},{"text":"Excellency","start":7526.417,"end":7526.889},{"text":"Deputy","start":7526.889,"end":7527.361},{"text":"Minister","start":7527.361,"end":7527.833},{"text":"for","start":7527.833,"end":7528.306},{"text":"Development","start":7528.306,"end":7528.778},{"text":"Funding","start":7528.778,"end":7529.25},{"text":"of","start":7529.25,"end":7529.722},{"text":"Indonesia.","start":7529.722,"end":7530.194}]},{"text":"Now I give the floor to Her Excellency Sandra Paulme, Minister of Planning and External Cooperation of Haiti, to be followed by Norway and Spain.","start":7530.194,"end":7542,"topics":[],"words":[{"text":"Now","start":7530.194,"end":7530.667},{"text":"I","start":7530.667,"end":7531.139},{"text":"give","start":7531.139,"end":7531.611},{"text":"the","start":7531.611,"end":7532.083},{"text":"floor","start":7532.083,"end":7532.556},{"text":"to","start":7532.556,"end":7533.028},{"text":"Her","start":7533.028,"end":7533.5},{"text":"Excellency","start":7533.5,"end":7533.972},{"text":"Sandra","start":7533.972,"end":7534.444},{"text":"Paulme,","start":7534.444,"end":7534.917},{"text":"Minister","start":7534.917,"end":7535.389},{"text":"of","start":7535.389,"end":7535.861},{"text":"Planning","start":7535.861,"end":7536.333},{"text":"and","start":7536.333,"end":7536.806},{"text":"External","start":7536.806,"end":7537.278},{"text":"Cooperation","start":7537.278,"end":7537.75},{"text":"of","start":7537.75,"end":7538.222},{"text":"Haiti,","start":7538.222,"end":7538.694},{"text":"to","start":7538.694,"end":7539.167},{"text":"be","start":7539.167,"end":7539.639},{"text":"followed","start":7539.639,"end":7540.111},{"text":"by","start":7540.111,"end":7540.583},{"text":"Norway","start":7540.583,"end":7541.056},{"text":"and","start":7541.056,"end":7541.528},{"text":"Spain.","start":7541.528,"end":7542}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":60,"paragraphs":[{"sentences":[{"text":"President, Excellencies, heads of delegation.","start":7551,"end":7553.421,"topics":[],"words":[{"text":"President,","start":7551,"end":7551.484},{"text":"Excellencies,","start":7551.484,"end":7551.969},{"text":"heads","start":7551.969,"end":7552.453},{"text":"of","start":7552.453,"end":7552.937},{"text":"delegation.","start":7552.937,"end":7553.421}]},{"text":"On behalf of the government of the Republic of Haiti led by the Prime Minister Alix Didier Fils-Aimé, allow me to fully align my staff with the statement made on behalf of the CARICOM, as well as the G77 and China.","start":7553.421,"end":7573.277,"topics":[],"words":[{"text":"On","start":7553.421,"end":7553.906},{"text":"behalf","start":7553.906,"end":7554.39},{"text":"of","start":7554.39,"end":7554.874},{"text":"the","start":7554.874,"end":7555.358},{"text":"government","start":7555.358,"end":7555.843},{"text":"of","start":7555.843,"end":7556.327},{"text":"the","start":7556.327,"end":7556.811},{"text":"Republic","start":7556.811,"end":7557.296},{"text":"of","start":7557.296,"end":7557.78},{"text":"Haiti","start":7557.78,"end":7558.264},{"text":"led","start":7558.264,"end":7558.748},{"text":"by","start":7558.748,"end":7559.233},{"text":"the","start":7559.233,"end":7559.717},{"text":"Prime","start":7559.717,"end":7560.201},{"text":"Minister","start":7560.201,"end":7560.686},{"text":"Alix","start":7560.686,"end":7561.17},{"text":"Didier","start":7561.17,"end":7561.654},{"text":"Fils-Aimé,","start":7561.654,"end":7562.138},{"text":"allow","start":7562.138,"end":7562.623},{"text":"me","start":7562.623,"end":7563.107},{"text":"to","start":7563.107,"end":7563.591},{"text":"fully","start":7563.591,"end":7564.075},{"text":"align","start":7564.075,"end":7564.56},{"text":"my","start":7564.56,"end":7565.044},{"text":"staff","start":7565.044,"end":7565.528},{"text":"with","start":7565.528,"end":7566.013},{"text":"the","start":7566.013,"end":7566.497},{"text":"statement","start":7566.497,"end":7566.981},{"text":"made","start":7566.981,"end":7567.465},{"text":"on","start":7567.465,"end":7567.95},{"text":"behalf","start":7567.95,"end":7568.434},{"text":"of","start":7568.434,"end":7568.918},{"text":"the","start":7568.918,"end":7569.403},{"text":"CARICOM,","start":7569.403,"end":7569.887},{"text":"as","start":7569.887,"end":7570.371},{"text":"well","start":7570.371,"end":7570.855},{"text":"as","start":7570.855,"end":7571.34},{"text":"the","start":7571.34,"end":7571.824},{"text":"G77","start":7571.824,"end":7572.308},{"text":"and","start":7572.308,"end":7572.792},{"text":"China.","start":7572.792,"end":7573.277}]},{"text":"Haiti 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dignity.","start":7586.352,"end":7590.226,"topics":[],"words":[{"text":"We","start":7586.352,"end":7586.836},{"text":"have","start":7586.836,"end":7587.321},{"text":"suffered","start":7587.321,"end":7587.805},{"text":"but","start":7587.805,"end":7588.289},{"text":"remain","start":7588.289,"end":7588.774},{"text":"we","start":7588.774,"end":7589.258},{"text":"have","start":7589.258,"end":7589.742},{"text":"dignity.","start":7589.742,"end":7590.226}]},{"text":"The situation in Haiti means that we need to speak frankly.","start":7590.226,"end":7595.553,"topics":[],"words":[{"text":"The","start":7590.226,"end":7590.711},{"text":"situation","start":7590.711,"end":7591.195},{"text":"in","start":7591.195,"end":7591.679},{"text":"Haiti","start":7591.679,"end":7592.164},{"text":"means","start":7592.164,"end":7592.648},{"text":"that","start":7592.648,"end":7593.132},{"text":"we","start":7593.132,"end":7593.616},{"text":"need","start":7593.616,"end":7594.101},{"text":"to","start":7594.101,"end":7594.585},{"text":"speak","start":7594.585,"end":7595.069},{"text":"frankly.","start":7595.069,"end":7595.553}]},{"text":"Currently 5.7 million people, half of the population, are facing food insecurity.","start":7595.553,"end":7601.365,"topics":[],"words":[{"text":"Currently","start":7595.553,"end":7596.038},{"text":"5.7","start":7596.038,"end":7596.522},{"text":"million","start":7596.522,"end":7597.006},{"text":"people,","start":7597.006,"end":7597.491},{"text":"half","start":7597.491,"end":7597.975},{"text":"of","start":7597.975,"end":7598.459},{"text":"the","start":7598.459,"end":7598.943},{"text":"population,","start":7598.943,"end":7599.428},{"text":"are","start":7599.428,"end":7599.912},{"text":"facing","start":7599.912,"end":7600.396},{"text":"food","start":7600.396,"end":7600.881},{"text":"insecurity.","start":7600.881,"end":7601.365}]},{"text":"1.9 million are facing a food emergency.","start":7601.365,"end":7604.755,"topics":[],"words":[{"text":"1.9","start":7601.365,"end":7601.849},{"text":"million","start":7601.849,"end":7602.333},{"text":"are","start":7602.333,"end":7602.818},{"text":"facing","start":7602.818,"end":7603.302},{"text":"a","start":7603.302,"end":7603.786},{"text":"food","start":7603.786,"end":7604.27},{"text":"emergency.","start":7604.27,"end":7604.755}]},{"text":"These figures are not just statistics, they say eloquently so a truth that this assembly cannot ignore.","start":7604.755,"end":7612.987,"topics":[],"words":[{"text":"These","start":7604.755,"end":7605.239},{"text":"figures","start":7605.239,"end":7605.723},{"text":"are","start":7605.723,"end":7606.208},{"text":"not","start":7606.208,"end":7606.692},{"text":"just","start":7606.692,"end":7607.176},{"text":"statistics,","start":7607.176,"end":7607.66},{"text":"they","start":7607.66,"end":7608.145},{"text":"say","start":7608.145,"end":7608.629},{"text":"eloquently","start":7608.629,"end":7609.113},{"text":"so","start":7609.113,"end":7609.597},{"text":"a","start":7609.597,"end":7610.082},{"text":"truth","start":7610.082,"end":7610.566},{"text":"that","start":7610.566,"end":7611.05},{"text":"this","start":7611.05,"end":7611.535},{"text":"assembly","start":7611.535,"end":7612.019},{"text":"cannot","start":7612.019,"end":7612.503},{"text":"ignore.","start":7612.503,"end":7612.987}]},{"text":"Commitments on financing for development should not be created only for countries living in stable conditions, they also need to meet the respond to the reality of states facing extreme fragility.","start":7612.987,"end":7628,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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for Haiti, financing for development is not simply a mechanism for accounting.","start":7629,"end":7635.882,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}],"words":[{"text":"President,","start":7629,"end":7629.529},{"text":"for","start":7629.529,"end":7630.059},{"text":"Haiti,","start":7630.059,"end":7630.588},{"text":"financing","start":7630.588,"end":7631.118},{"text":"for","start":7631.118,"end":7631.647},{"text":"development","start":7631.647,"end":7632.176},{"text":"is","start":7632.176,"end":7632.706},{"text":"not","start":7632.706,"end":7633.235},{"text":"simply","start":7633.235,"end":7633.765},{"text":"a","start":7633.765,"end":7634.294},{"text":"mechanism","start":7634.294,"end":7634.824},{"text":"for","start":7634.824,"end":7635.353},{"text":"accounting.","start":7635.353,"end":7635.882}]},{"text":"It needs to be an instrument for transformation.","start":7635.882,"end":7640.118,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional 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people.","start":7640.118,"end":7647.529,"topics":[],"words":[{"text":"It","start":7640.118,"end":7640.647},{"text":"must","start":7640.647,"end":7641.176},{"text":"leverage","start":7641.176,"end":7641.706},{"text":"stability","start":7641.706,"end":7642.235},{"text":"and","start":7642.235,"end":7642.765},{"text":"it","start":7642.765,"end":7643.294},{"text":"must","start":7643.294,"end":7643.824},{"text":"be","start":7643.824,"end":7644.353},{"text":"a","start":7644.353,"end":7644.882},{"text":"promise","start":7644.882,"end":7645.412},{"text":"held","start":7645.412,"end":7645.941},{"text":"to","start":7645.941,"end":7646.471},{"text":"its","start":7646.471,"end":7647},{"text":"people.","start":7647,"end":7647.529}]},{"text":"For Haiti, these people these results mean one thing: more security, more protection for the most vulnerable, and more consistency in international action.","start":7647.529,"end":7659.706,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}],"words":[{"text":"For","start":7647.529,"end":7648.059},{"text":"Haiti,","start":7648.059,"end":7648.588},{"text":"these","start":7648.588,"end":7649.118},{"text":"people","start":7649.118,"end":7649.647},{"text":"these","start":7649.647,"end":7650.176},{"text":"results","start":7650.176,"end":7650.706},{"text":"mean","start":7650.706,"end":7651.235},{"text":"one","start":7651.235,"end":7651.765},{"text":"thing:","start":7651.765,"end":7652.294},{"text":"more","start":7652.294,"end":7652.824},{"text":"security,","start":7652.824,"end":7653.353},{"text":"more","start":7653.353,"end":7653.882},{"text":"protection","start":7653.882,"end":7654.412},{"text":"for","start":7654.412,"end":7654.941},{"text":"the","start":7654.941,"end":7655.471},{"text":"most","start":7655.471,"end":7656},{"text":"vulnerable,","start":7656,"end":7656.529},{"text":"and","start":7656.529,"end":7657.059},{"text":"more","start":7657.059,"end":7657.588},{"text":"consistency","start":7657.588,"end":7658.118},{"text":"in","start":7658.118,"end":7658.647},{"text":"international","start":7658.647,"end":7659.176},{"text":"action.","start":7659.176,"end":7659.706}]},{"text":"Our message is clear: fragmented aid weakens, coordinated aid transforms.","start":7659.706,"end":7665,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}],"words":[{"text":"Our","start":7659.706,"end":7660.235},{"text":"message","start":7660.235,"end":7660.765},{"text":"is","start":7660.765,"end":7661.294},{"text":"clear:","start":7661.294,"end":7661.824},{"text":"fragmented","start":7661.824,"end":7662.353},{"text":"aid","start":7662.353,"end":7662.882},{"text":"weakens,","start":7662.882,"end":7663.412},{"text":"coordinated","start":7663.412,"end":7663.941},{"text":"aid","start":7663.941,"end":7664.471},{"text":"transforms.","start":7664.471,"end":7665}]},{"text":"We also call for more courageous reform of international of global economic governance.","start":7665,"end":7671.882,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"We","start":7665,"end":7665.529},{"text":"also","start":7665.529,"end":7666.059},{"text":"call","start":7666.059,"end":7666.588},{"text":"for","start":7666.588,"end":7667.118},{"text":"more","start":7667.118,"end":7667.647},{"text":"courageous","start":7667.647,"end":7668.176},{"text":"reform","start":7668.176,"end":7668.706},{"text":"of","start":7668.706,"end":7669.235},{"text":"international","start":7669.235,"end":7669.765},{"text":"of","start":7669.765,"end":7670.294},{"text":"global","start":7670.294,"end":7670.824},{"text":"economic","start":7670.824,"end":7671.353},{"text":"governance.","start":7671.353,"end":7671.882}]},{"text":"Countries of the South can no longer can not continue to be on the front line for shocks and the last to hear about decisions that are be are made.","start":7671.882,"end":7687.765,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"Countries","start":7671.882,"end":7672.412},{"text":"of","start":7672.412,"end":7672.941},{"text":"the","start":7672.941,"end":7673.471},{"text":"South","start":7673.471,"end":7674},{"text":"can","start":7674,"end":7674.529},{"text":"no","start":7674.529,"end":7675.059},{"text":"longer","start":7675.059,"end":7675.588},{"text":"can","start":7675.588,"end":7676.118},{"text":"not","start":7676.118,"end":7676.647},{"text":"continue","start":7676.647,"end":7677.176},{"text":"to","start":7677.176,"end":7677.706},{"text":"be","start":7677.706,"end":7678.235},{"text":"on","start":7678.235,"end":7678.765},{"text":"the","start":7678.765,"end":7679.294},{"text":"front","start":7679.294,"end":7679.824},{"text":"line","start":7679.824,"end":7680.353},{"text":"for","start":7680.353,"end":7680.882},{"text":"shocks","start":7680.882,"end":7681.412},{"text":"and","start":7681.412,"end":7681.941},{"text":"the","start":7681.941,"end":7682.471},{"text":"last","start":7682.471,"end":7683},{"text":"to","start":7683,"end":7683.529},{"text":"hear","start":7683.529,"end":7684.059},{"text":"about","start":7684.059,"end":7684.588},{"text":"decisions","start":7684.588,"end":7685.118},{"text":"that","start":7685.118,"end":7685.647},{"text":"are","start":7685.647,"end":7686.176},{"text":"be","start":7686.176,"end":7686.706},{"text":"are","start":7686.706,"end":7687.235},{"text":"made.","start":7687.235,"end":7687.765}]},{"text":"President, the breadth of the social crisis is also evident in poverty indicators, including those from the World Bank.","start":7687.765,"end":7697.824,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development effectiveness."}],"words":[{"text":"President,","start":7687.765,"end":7688.294},{"text":"the","start":7688.294,"end":7688.824},{"text":"breadth","start":7688.824,"end":7689.353},{"text":"of","start":7689.353,"end":7689.882},{"text":"the","start":7689.882,"end":7690.412},{"text":"social","start":7690.412,"end":7690.941},{"text":"crisis","start":7690.941,"end":7691.471},{"text":"is","start":7691.471,"end":7692},{"text":"also","start":7692,"end":7692.529},{"text":"evident","start":7692.529,"end":7693.059},{"text":"in","start":7693.059,"end":7693.588},{"text":"poverty","start":7693.588,"end":7694.118},{"text":"indicators,","start":7694.118,"end":7694.647},{"text":"including","start":7694.647,"end":7695.176},{"text":"those","start":7695.176,"end":7695.706},{"text":"from","start":7695.706,"end":7696.235},{"text":"the","start":7696.235,"end":7696.765},{"text":"World","start":7696.765,"end":7697.294},{"text":"Bank.","start":7697.294,"end":7697.824}]},{"text":"In these times of uncertainty, international solidarity should not be such a principle, but it must be something that forces us to act.","start":7697.824,"end":7710,"topics":[],"words":[{"text":"In","start":7697.824,"end":7698.353},{"text":"these","start":7698.353,"end":7698.882},{"text":"times","start":7698.882,"end":7699.412},{"text":"of","start":7699.412,"end":7699.941},{"text":"uncertainty,","start":7699.941,"end":7700.471},{"text":"international","start":7700.471,"end":7701},{"text":"solidarity","start":7701,"end":7701.529},{"text":"should","start":7701.529,"end":7702.059},{"text":"not","start":7702.059,"end":7702.588},{"text":"be","start":7702.588,"end":7703.118},{"text":"such","start":7703.118,"end":7703.647},{"text":"a","start":7703.647,"end":7704.176},{"text":"principle,","start":7704.176,"end":7704.706},{"text":"but","start":7704.706,"end":7705.235},{"text":"it","start":7705.235,"end":7705.765},{"text":"must","start":7705.765,"end":7706.294},{"text":"be","start":7706.294,"end":7706.824},{"text":"something","start":7706.824,"end":7707.353},{"text":"that","start":7707.353,"end":7707.882},{"text":"forces","start":7707.882,"end":7708.412},{"text":"us","start":7708.412,"end":7708.941},{"text":"to","start":7708.941,"end":7709.471},{"text":"act.","start":7709.471,"end":7710}]}]},{"sentences":[{"text":"Haiti is not here to ask for sympathy.","start":7711,"end":7713.532,"topics":[],"words":[{"text":"Haiti","start":7711,"end":7711.317},{"text":"is","start":7711.317,"end":7711.633},{"text":"not","start":7711.633,"end":7711.95},{"text":"here","start":7711.95,"end":7712.266},{"text":"to","start":7712.266,"end":7712.583},{"text":"ask","start":7712.583,"end":7712.899},{"text":"for","start":7712.899,"end":7713.216},{"text":"sympathy.","start":7713.216,"end":7713.532}]},{"text":"Haiti has come here to demand cooperation in line with the principles that we proclaim.","start":7713.532,"end":7718.281,"topics":[],"words":[{"text":"Haiti","start":7713.532,"end":7713.849},{"text":"has","start":7713.849,"end":7714.165},{"text":"come","start":7714.165,"end":7714.482},{"text":"here","start":7714.482,"end":7714.799},{"text":"to","start":7714.799,"end":7715.115},{"text":"demand","start":7715.115,"end":7715.432},{"text":"cooperation","start":7715.432,"end":7715.748},{"text":"in","start":7715.748,"end":7716.065},{"text":"line","start":7716.065,"end":7716.381},{"text":"with","start":7716.381,"end":7716.698},{"text":"the","start":7716.698,"end":7717.014},{"text":"principles","start":7717.014,"end":7717.331},{"text":"that","start":7717.331,"end":7717.647},{"text":"we","start":7717.647,"end":7717.964},{"text":"proclaim.","start":7717.964,"end":7718.281}]},{"text":"Lucid cooperation and effective cooperation.","start":7718.281,"end":7719.863,"topics":[],"words":[{"text":"Lucid","start":7718.281,"end":7718.597},{"text":"cooperation","start":7718.597,"end":7718.914},{"text":"and","start":7718.914,"end":7719.23},{"text":"effective","start":7719.23,"end":7719.547},{"text":"cooperation.","start":7719.547,"end":7719.863}]},{"text":"Cooperation that doesn't simply settle for emergency response but also prepares for reconstruction, resilience.","start":7719.863,"end":7724.295,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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are launching a grave but confident appeal today.","start":7735.374,"end":7738.223,"topics":[],"words":[{"text":"We","start":7735.374,"end":7735.691},{"text":"are","start":7735.691,"end":7736.007},{"text":"launching","start":7736.007,"end":7736.324},{"text":"a","start":7736.324,"end":7736.64},{"text":"grave","start":7736.64,"end":7736.957},{"text":"but","start":7736.957,"end":7737.273},{"text":"confident","start":7737.273,"end":7737.59},{"text":"appeal","start":7737.59,"end":7737.906},{"text":"today.","start":7737.906,"end":7738.223}]},{"text":"It is grave because these times are serious, but we are confident because we refuse to believe that the international community can remain indifferent when faced with the suffering of a people and the and a fragile 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for responsibility, not to manage yet another crisis, but to contribute together to build...","start":7750.252,"end":7755,"topics":[],"words":[{"text":"By","start":7750.252,"end":7750.568},{"text":"for","start":7750.568,"end":7750.885},{"text":"responsibility,","start":7750.885,"end":7751.201},{"text":"not","start":7751.201,"end":7751.518},{"text":"to","start":7751.518,"end":7751.835},{"text":"manage","start":7751.835,"end":7752.151},{"text":"yet","start":7752.151,"end":7752.468},{"text":"another","start":7752.468,"end":7752.784},{"text":"crisis,","start":7752.784,"end":7753.101},{"text":"but","start":7753.101,"end":7753.417},{"text":"to","start":7753.417,"end":7753.734},{"text":"contribute","start":7753.734,"end":7754.05},{"text":"together","start":7754.05,"end":7754.367},{"text":"to","start":7754.367,"end":7754.683},{"text":"build...","start":7754.683,"end":7755}]}]}],"speaker":{"name":"Sandra Paulme","affiliation":"HTI","affiliation_full":"Haiti","group":null,"function":"Minister of Planning and External Cooperation"}},{"statement_number":61,"paragraphs":[{"sentences":[{"text":"I thank the Her Excellency the Minister of Planning and External Cooperation of Haiti.","start":7757,"end":7763.125,"topics":[],"words":[{"text":"I","start":7757,"end":7757.438},{"text":"thank","start":7757.438,"end":7757.875},{"text":"the","start":7757.875,"end":7758.313},{"text":"Her","start":7758.313,"end":7758.75},{"text":"Excellency","start":7758.75,"end":7759.188},{"text":"the","start":7759.188,"end":7759.625},{"text":"Minister","start":7759.625,"end":7760.063},{"text":"of","start":7760.063,"end":7760.5},{"text":"Planning","start":7760.5,"end":7760.938},{"text":"and","start":7760.938,"end":7761.375},{"text":"External","start":7761.375,"end":7761.813},{"text":"Cooperation","start":7761.813,"end":7762.25},{"text":"of","start":7762.25,"end":7762.688},{"text":"Haiti.","start":7762.688,"end":7763.125}]},{"text":"Now I give the floor to Ms. Stein-Renate Håheim, State Secretary to Minister of International Development of Norway.","start":7763.125,"end":7771,"topics":[],"words":[{"text":"Now","start":7763.125,"end":7763.563},{"text":"I","start":7763.563,"end":7764},{"text":"give","start":7764,"end":7764.438},{"text":"the","start":7764.438,"end":7764.875},{"text":"floor","start":7764.875,"end":7765.313},{"text":"to","start":7765.313,"end":7765.75},{"text":"Ms.","start":7765.75,"end":7766.188},{"text":"Stein-Renate","start":7766.188,"end":7766.625},{"text":"Håheim,","start":7766.625,"end":7767.063},{"text":"State","start":7767.063,"end":7767.5},{"text":"Secretary","start":7767.5,"end":7767.938},{"text":"to","start":7767.938,"end":7768.375},{"text":"Minister","start":7768.375,"end":7768.813},{"text":"of","start":7768.813,"end":7769.25},{"text":"International","start":7769.25,"end":7769.688},{"text":"Development","start":7769.688,"end":7770.125},{"text":"of","start":7770.125,"end":7770.563},{"text":"Norway.","start":7770.563,"end":7771}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":62,"paragraphs":[{"sentences":[{"text":"Excellencies, ladies and gentlemen.","start":7781,"end":7783.018,"topics":[],"words":[{"text":"Excellencies,","start":7781,"end":7781.504},{"text":"ladies","start":7781.504,"end":7782.009},{"text":"and","start":7782.009,"end":7782.513},{"text":"gentlemen.","start":7782.513,"end":7783.018}]},{"text":"The conference in Sevilla was a landmark moment and indeed a highlight for 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Sevilla Commitment is a carefully negotiated package of action with the combined massive potential of driving much needed progress towards the 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forum should not be used to debate whether some actions should be elevated above others.","start":7813.788,"end":7821.858,"topics":[],"words":[{"text":"The","start":7813.788,"end":7814.292},{"text":"forum","start":7814.292,"end":7814.796},{"text":"should","start":7814.796,"end":7815.301},{"text":"not","start":7815.301,"end":7815.805},{"text":"be","start":7815.805,"end":7816.31},{"text":"used","start":7816.31,"end":7816.814},{"text":"to","start":7816.814,"end":7817.319},{"text":"debate","start":7817.319,"end":7817.823},{"text":"whether","start":7817.823,"end":7818.327},{"text":"some","start":7818.327,"end":7818.832},{"text":"actions","start":7818.832,"end":7819.336},{"text":"should","start":7819.336,"end":7819.841},{"text":"be","start":7819.841,"end":7820.345},{"text":"elevated","start":7820.345,"end":7820.85},{"text":"above","start":7820.85,"end":7821.354},{"text":"others.","start":7821.354,"end":7821.858}]},{"text":"This should and this could undermine the integrity of the entire Sevilla Commitment.","start":7821.858,"end":7828.416,"topics":[],"words":[{"text":"This","start":7821.858,"end":7822.363},{"text":"should","start":7822.363,"end":7822.867},{"text":"and","start":7822.867,"end":7823.372},{"text":"this","start":7823.372,"end":7823.876},{"text":"could","start":7823.876,"end":7824.381},{"text":"undermine","start":7824.381,"end":7824.885},{"text":"the","start":7824.885,"end":7825.389},{"text":"integrity","start":7825.389,"end":7825.894},{"text":"of","start":7825.894,"end":7826.398},{"text":"the","start":7826.398,"end":7826.903},{"text":"entire","start":7826.903,"end":7827.407},{"text":"Sevilla","start":7827.407,"end":7827.912},{"text":"Commitment.","start":7827.912,"end":7828.416}]},{"text":"Now we must ensure that the Sevilla Commitment is used as our common tool to drive meaningful, tangible 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effective institutions that work together are instrumental in achieving our goals.","start":7839,"end":7845.128,"topics":[],"words":[{"text":"Excellencies,","start":7839,"end":7839.511},{"text":"effective","start":7839.511,"end":7840.021},{"text":"institutions","start":7840.021,"end":7840.532},{"text":"that","start":7840.532,"end":7841.043},{"text":"work","start":7841.043,"end":7841.553},{"text":"together","start":7841.553,"end":7842.064},{"text":"are","start":7842.064,"end":7842.574},{"text":"instrumental","start":7842.574,"end":7843.085},{"text":"in","start":7843.085,"end":7843.596},{"text":"achieving","start":7843.596,"end":7844.106},{"text":"our","start":7844.106,"end":7844.617},{"text":"goals.","start":7844.617,"end":7845.128}]},{"text":"The FfD process has demonstrated the value of the UN as a universal meeting place for all its member 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of the UN, IFIs, other multilateral institutions such as the World Trade Organization and the multilateral development banks is of high priority for the Norwegian government.","start":7867.596,"end":7881.383,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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Sevilla Commitment will be a key reference in this project.","start":7973.72,"end":7978.472,"topics":[],"words":[{"text":"The","start":7973.72,"end":7974.152},{"text":"Sevilla","start":7974.152,"end":7974.584},{"text":"Commitment","start":7974.584,"end":7975.016},{"text":"will","start":7975.016,"end":7975.448},{"text":"be","start":7975.448,"end":7975.88},{"text":"a","start":7975.88,"end":7976.312},{"text":"key","start":7976.312,"end":7976.744},{"text":"reference","start":7976.744,"end":7977.176},{"text":"in","start":7977.176,"end":7977.608},{"text":"this","start":7977.608,"end":7978.04},{"text":"project.","start":7978.04,"end":7978.472}]},{"text":"We face complex challenges, but the direction from Sevilla is 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the FfD agenda and to the 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with the United Nations, we will continue to work with you as well to ensure that Sevilla will allow us to move on to transform financing for 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you.","start":8214.14,"end":8215,"topics":[],"words":[{"text":"Thank","start":8214.14,"end":8214.57},{"text":"you.","start":8214.57,"end":8215}]}]}],"speaker":{"name":"Eva Maria Granados Galiano","affiliation":"ESP","affiliation_full":"Spain","group":null,"function":"Secretary of State for International Cooperation"}},{"statement_number":65,"paragraphs":[{"sentences":[{"text":"I thank Her Excellency Secretary of State for International Cooperation of Spain.","start":8217,"end":8221.851,"topics":[],"words":[{"text":"I","start":8217,"end":8217.404},{"text":"thank","start":8217.404,"end":8217.809},{"text":"Her","start":8217.809,"end":8218.213},{"text":"Excellency","start":8218.213,"end":8218.617},{"text":"Secretary","start":8218.617,"end":8219.021},{"text":"of","start":8219.021,"end":8219.426},{"text":"State","start":8219.426,"end":8219.83},{"text":"for","start":8219.83,"end":8220.234},{"text":"International","start":8220.234,"end":8220.638},{"text":"Cooperation","start":8220.638,"end":8221.043},{"text":"of","start":8221.043,"end":8221.447},{"text":"Spain.","start":8221.447,"end":8221.851}]},{"text":"Now I give the floor to Her Excellency Fatoumata Bako Traoré, Minister Delegate to the Minister of Economy and Finance in charge of the budget of Burkina Faso, to be followed by Armenia and 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Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":66,"paragraphs":[{"sentences":[{"text":"President, heads of delegation, delegates.","start":8242,"end":8245.106,"topics":[],"words":[{"text":"President,","start":8242,"end":8242.621},{"text":"heads","start":8242.621,"end":8243.242},{"text":"of","start":8243.242,"end":8243.864},{"text":"delegation,","start":8243.864,"end":8244.485},{"text":"delegates.","start":8244.485,"end":8245.106}]},{"text":"On behalf of His Excellency Captain Ibrahim Traoré, President of Burkina Faso, I would like to offer you the warm greetings of the valiant people of Burkina Faso to all 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would also like to sincerely congratulate and thank you, President, for organizing this forum.","start":8264.364,"end":8273.682,"topics":[],"words":[{"text":"I","start":8264.364,"end":8264.985},{"text":"would","start":8264.985,"end":8265.606},{"text":"also","start":8265.606,"end":8266.227},{"text":"like","start":8266.227,"end":8266.848},{"text":"to","start":8266.848,"end":8267.47},{"text":"sincerely","start":8267.47,"end":8268.091},{"text":"congratulate","start":8268.091,"end":8268.712},{"text":"and","start":8268.712,"end":8269.333},{"text":"thank","start":8269.333,"end":8269.955},{"text":"you,","start":8269.955,"end":8270.576},{"text":"President,","start":8270.576,"end":8271.197},{"text":"for","start":8271.197,"end":8271.818},{"text":"organizing","start":8271.818,"end":8272.439},{"text":"this","start":8272.439,"end":8273.061},{"text":"forum.","start":8273.061,"end":8273.682}]},{"text":"This forum, following the Sevilla conference, is being held in an international context that is marked by geopolitical tension and is therefore an opportunity for dialogue on strengthening coherence of international policy and also sustainable development financing 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faced with these challenges, Burkina Faso, as a member of the Alliance of Sahel States, believes that it is crucial to launch a far-reaching transformation of how we approach financing for 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country, Burkina Faso, is resolutely committed to review its model for development through the adoption of its relaunch plan for 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and national reference framework for development has set the objective of launching audacious structural reforms to support a productive and competitive economy and structural investment within a mobilized nation to ensure a economic transformation that generates inclusive growth and the fruits of this growth will be equitably shared between the people to address imbalances between different territories.","start":8355.958,"end":8388.605,"topics":[],"words":[{"text":"This","start":8355.958,"end":8356.521},{"text":"and","start":8356.521,"end":8357.084},{"text":"national","start":8357.084,"end":8357.647},{"text":"reference","start":8357.647,"end":8358.21},{"text":"framework","start":8358.21,"end":8358.772},{"text":"for","start":8358.772,"end":8359.335},{"text":"development","start":8359.335,"end":8359.898},{"text":"has","start":8359.898,"end":8360.461},{"text":"set","start":8360.461,"end":8361.024},{"text":"the","start":8361.024,"end":8361.587},{"text":"objective","start":8361.587,"end":8362.15},{"text":"of","start":8362.15,"end":8362.713},{"text":"launching","start":8362.713,"end":8363.275},{"text":"audacious","start":8363.275,"end":8363.838},{"text":"structural","start":8363.838,"end":8364.401},{"text":"reforms","start":8364.401,"end":8364.964},{"text":"to","start":8364.964,"end":8365.527},{"text":"support","start":8365.527,"end":8366.09},{"text":"a","start":8366.09,"end":8366.653},{"text":"productive","start":8366.653,"end":8367.216},{"text":"and","start":8367.216,"end":8367.778},{"text":"competitive","start":8367.778,"end":8368.341},{"text":"economy","start":8368.341,"end":8368.904},{"text":"and","start":8368.904,"end":8369.467},{"text":"structural","start":8369.467,"end":8370.03},{"text":"investment","start":8370.03,"end":8370.593},{"text":"within","start":8370.593,"end":8371.156},{"text":"a","start":8371.156,"end":8371.719},{"text":"mobilized","start":8371.719,"end":8372.281},{"text":"nation","start":8372.281,"end":8372.844},{"text":"to","start":8372.844,"end":8373.407},{"text":"ensure","start":8373.407,"end":8373.97},{"text":"a","start":8373.97,"end":8374.533},{"text":"economic","start":8374.533,"end":8375.096},{"text":"transformation","start":8375.096,"end":8375.659},{"text":"that","start":8375.659,"end":8376.222},{"text":"generates","start":8376.222,"end":8376.784},{"text":"inclusive","start":8376.784,"end":8377.347},{"text":"growth","start":8377.347,"end":8377.91},{"text":"and","start":8377.91,"end":8378.473},{"text":"the","start":8378.473,"end":8379.036},{"text":"fruits","start":8379.036,"end":8379.599},{"text":"of","start":8379.599,"end":8380.162},{"text":"this","start":8380.162,"end":8380.725},{"text":"growth","start":8380.725,"end":8381.287},{"text":"will","start":8381.287,"end":8381.85},{"text":"be","start":8381.85,"end":8382.413},{"text":"equitably","start":8382.413,"end":8382.976},{"text":"shared","start":8382.976,"end":8383.539},{"text":"between","start":8383.539,"end":8384.102},{"text":"the","start":8384.102,"end":8384.665},{"text":"people","start":8384.665,"end":8385.228},{"text":"to","start":8385.228,"end":8385.79},{"text":"address","start":8385.79,"end":8386.353},{"text":"imbalances","start":8386.353,"end":8386.916},{"text":"between","start":8386.916,"end":8387.479},{"text":"different","start":8387.479,"end":8388.042},{"text":"territories.","start":8388.042,"end":8388.605}]},{"text":"For Burkina Faso, the question of financing for development is inextricably linked to the question of sovereignty.","start":8388.605,"end":8398.174,"topics":[],"words":[{"text":"For","start":8388.605,"end":8389.168},{"text":"Burkina","start":8389.168,"end":8389.731},{"text":"Faso,","start":8389.731,"end":8390.293},{"text":"the","start":8390.293,"end":8390.856},{"text":"question","start":8390.856,"end":8391.419},{"text":"of","start":8391.419,"end":8391.982},{"text":"financing","start":8391.982,"end":8392.545},{"text":"for","start":8392.545,"end":8393.108},{"text":"development","start":8393.108,"end":8393.671},{"text":"is","start":8393.671,"end":8394.234},{"text":"inextricably","start":8394.234,"end":8394.796},{"text":"linked","start":8394.796,"end":8395.359},{"text":"to","start":8395.359,"end":8395.922},{"text":"the","start":8395.922,"end":8396.485},{"text":"question","start":8396.485,"end":8397.048},{"text":"of","start":8397.048,"end":8397.611},{"text":"sovereignty.","start":8397.611,"end":8398.174}]},{"text":"This is why we're calling for renewed global partnership based on mutual respect and shared interests, aligning external support with national priorities, transparency, as well as taking into account specific aspects the specific nature of fragile countries.","start":8398.174,"end":8419,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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Faso also attaches particular importance to the contribution of private sector, particularly small and medium-sized enterprises, and their contribution to economic transformation, creation of jobs, and the promotion of inclusive growth.","start":8420,"end":8434.72,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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to conclude, Burkina Faso remains convinced that only collective commitment based on equity, solidarity, and the respect for national sovereignty will allow us to address the current challenges and to build a sustainable future for 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is why my country calls on the international community to translate these commitments into concrete actions and to adapt mechanisms for financing to the specific realities of developing countries, 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Bako Traoré","affiliation":"BFA","affiliation_full":"Burkina Faso","group":null,"function":"Minister Delegate to the Minister of Economy and Finance"}},{"statement_number":67,"paragraphs":[{"sentences":[{"text":"I thank Her Excellency Minister Delegate to the Minister of Economy and Finance of Burkina Faso.","start":8468,"end":8474.564,"topics":[],"words":[{"text":"I","start":8468,"end":8468.41},{"text":"thank","start":8468.41,"end":8468.821},{"text":"Her","start":8468.821,"end":8469.231},{"text":"Excellency","start":8469.231,"end":8469.641},{"text":"Minister","start":8469.641,"end":8470.051},{"text":"Delegate","start":8470.051,"end":8470.462},{"text":"to","start":8470.462,"end":8470.872},{"text":"the","start":8470.872,"end":8471.282},{"text":"Minister","start":8471.282,"end":8471.692},{"text":"of","start":8471.692,"end":8472.103},{"text":"Economy","start":8472.103,"end":8472.513},{"text":"and","start":8472.513,"end":8472.923},{"text":"Finance","start":8472.923,"end":8473.333},{"text":"of","start":8473.333,"end":8473.744},{"text":"Burkina","start":8473.744,"end":8474.154},{"text":"Faso.","start":8474.154,"end":8474.564}]},{"text":"Now I give the floor to His Excellency Itgor Makrachyan, Deputy Minister of Finance of Armenia, to be followed by Kenya and Philippines.","start":8474.564,"end":8484,"topics":[],"words":[{"text":"Now","start":8474.564,"end":8474.974},{"text":"I","start":8474.974,"end":8475.385},{"text":"give","start":8475.385,"end":8475.795},{"text":"the","start":8475.795,"end":8476.205},{"text":"floor","start":8476.205,"end":8476.615},{"text":"to","start":8476.615,"end":8477.026},{"text":"His","start":8477.026,"end":8477.436},{"text":"Excellency","start":8477.436,"end":8477.846},{"text":"Itgor","start":8477.846,"end":8478.256},{"text":"Makrachyan,","start":8478.256,"end":8478.667},{"text":"Deputy","start":8478.667,"end":8479.077},{"text":"Minister","start":8479.077,"end":8479.487},{"text":"of","start":8479.487,"end":8479.897},{"text":"Finance","start":8479.897,"end":8480.308},{"text":"of","start":8480.308,"end":8480.718},{"text":"Armenia,","start":8480.718,"end":8481.128},{"text":"to","start":8481.128,"end":8481.538},{"text":"be","start":8481.538,"end":8481.949},{"text":"followed","start":8481.949,"end":8482.359},{"text":"by","start":8482.359,"end":8482.769},{"text":"Kenya","start":8482.769,"end":8483.179},{"text":"and","start":8483.179,"end":8483.59},{"text":"Philippines.","start":8483.59,"end":8484}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":68,"paragraphs":[{"sentences":[{"text":"Mr. President, Your Excellencies, distinguished colleagues, ladies and gentlemen.","start":8492,"end":8495.801,"topics":[],"words":[{"text":"Mr.","start":8492,"end":8492.422},{"text":"President,","start":8492.422,"end":8492.845},{"text":"Your","start":8492.845,"end":8493.267},{"text":"Excellencies,","start":8493.267,"end":8493.689},{"text":"distinguished","start":8493.689,"end":8494.112},{"text":"colleagues,","start":8494.112,"end":8494.534},{"text":"ladies","start":8494.534,"end":8494.956},{"text":"and","start":8494.956,"end":8495.379},{"text":"gentlemen.","start":8495.379,"end":8495.801}]},{"text":"It's an honor to address this forum where we gather to outline the trajectory for global economic development in the coming 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the mobilization of financial resources for developing nations has become a formidable challenge, as global instability compels us to look beyond standard approaches and seek creative, sustainable solutions.","start":8505.092,"end":8517.34,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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currently in an active phase of structural reform, is prepared to share its vision across three fundamental 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innovative financing instruments, particularly debt for development swaps.","start":8525.364,"end":8529.165,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."}],"words":[{"text":"First,","start":8525.364,"end":8525.786},{"text":"innovative","start":8525.786,"end":8526.209},{"text":"financing","start":8526.209,"end":8526.631},{"text":"instruments,","start":8526.631,"end":8527.053},{"text":"particularly","start":8527.053,"end":8527.476},{"text":"debt","start":8527.476,"end":8527.898},{"text":"for","start":8527.898,"end":8528.32},{"text":"development","start":8528.32,"end":8528.743},{"text":"swaps.","start":8528.743,"end":8529.165}]},{"text":"We highly value the call of Sevilla Commitment towards ensuring debt sustainability.","start":8529.165,"end":8534.233,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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area.","start":8539.723,"end":8543.524,"topics":[],"words":[{"text":"We","start":8539.723,"end":8540.146},{"text":"have","start":8540.146,"end":8540.568},{"text":"already","start":8540.568,"end":8540.99},{"text":"achieved","start":8540.99,"end":8541.413},{"text":"tangible","start":8541.413,"end":8541.835},{"text":"progress","start":8541.835,"end":8542.257},{"text":"in","start":8542.257,"end":8542.68},{"text":"this","start":8542.68,"end":8543.102},{"text":"area.","start":8543.102,"end":8543.524}]},{"text":"We have successfully secured our first debt for climate grant financing from the government of Germany.","start":8543.524,"end":8550.282,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."}],"words":[{"text":"We","start":8543.524,"end":8543.947},{"text":"have","start":8543.947,"end":8544.369},{"text":"successfully","start":8544.369,"end":8544.791},{"text":"secured","start":8544.791,"end":8545.214},{"text":"our","start":8545.214,"end":8545.636},{"text":"first","start":8545.636,"end":8546.058},{"text":"debt","start":8546.058,"end":8546.481},{"text":"for","start":8546.481,"end":8546.903},{"text":"climate","start":8546.903,"end":8547.325},{"text":"grant","start":8547.325,"end":8547.748},{"text":"financing","start":8547.748,"end":8548.17},{"text":"from","start":8548.17,"end":8548.592},{"text":"the","start":8548.592,"end":8549.015},{"text":"government","start":8549.015,"end":8549.437},{"text":"of","start":8549.437,"end":8549.859},{"text":"Germany.","start":8549.859,"end":8550.282}]},{"text":"This precedent serves as a strategic roadmap as we are currently in active negotiation with other development partners within both multilateral and bilateral frameworks to scale up this mechanism.","start":8550.282,"end":8562.529,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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instrument allow us to reduce the external debt burden while simultaneously redirecting those resources toward toward climate resilience and environmental protection programs.","start":8562.529,"end":8572.243,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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alleviate budgetary pressure and creates a direct link between financial stability and sustainable development goals.","start":8572.243,"end":8579,"topics":[],"words":[{"text":"This","start":8572.243,"end":8572.665},{"text":"alleviate","start":8572.665,"end":8573.087},{"text":"budgetary","start":8573.087,"end":8573.51},{"text":"pressure","start":8573.51,"end":8573.932},{"text":"and","start":8573.932,"end":8574.354},{"text":"creates","start":8574.354,"end":8574.777},{"text":"a","start":8574.777,"end":8575.199},{"text":"direct","start":8575.199,"end":8575.621},{"text":"link","start":8575.621,"end":8576.044},{"text":"between","start":8576.044,"end":8576.466},{"text":"financial","start":8576.466,"end":8576.888},{"text":"stability","start":8576.888,"end":8577.311},{"text":"and","start":8577.311,"end":8577.733},{"text":"sustainable","start":8577.733,"end":8578.155},{"text":"development","start":8578.155,"end":8578.578},{"text":"goals.","start":8578.578,"end":8579}]}]},{"sentences":[{"text":"Second, access to grant and concessional financing remains essential.","start":8580,"end":8584.689,"topics":[],"words":[{"text":"Second,","start":8580,"end":8580.521},{"text":"access","start":8580.521,"end":8581.042},{"text":"to","start":8581.042,"end":8581.563},{"text":"grant","start":8581.563,"end":8582.084},{"text":"and","start":8582.084,"end":8582.605},{"text":"concessional","start":8582.605,"end":8583.126},{"text":"financing","start":8583.126,"end":8583.647},{"text":"remains","start":8583.647,"end":8584.168},{"text":"essential.","start":8584.168,"end":8584.689}]},{"text":"While mobilizing private investment remains a priority, access to grant-based and concessional financing remains indispensable for developing countries, especially for the middle-income countries, which often find themselves in the middle-income trap, threatening to reverse their hard-won progress.","start":8584.689,"end":8603.966,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income countries."}],"words":[{"text":"While","start":8584.689,"end":8585.21},{"text":"mobilizing","start":8585.21,"end":8585.731},{"text":"private","start":8585.731,"end":8586.252},{"text":"investment","start":8586.252,"end":8586.773},{"text":"remains","start":8586.773,"end":8587.294},{"text":"a","start":8587.294,"end":8587.815},{"text":"priority,","start":8587.815,"end":8588.336},{"text":"access","start":8588.336,"end":8588.857},{"text":"to","start":8588.857,"end":8589.378},{"text":"grant-based","start":8589.378,"end":8589.899},{"text":"and","start":8589.899,"end":8590.42},{"text":"concessional","start":8590.42,"end":8590.941},{"text":"financing","start":8590.941,"end":8591.462},{"text":"remains","start":8591.462,"end":8591.983},{"text":"indispensable","start":8591.983,"end":8592.504},{"text":"for","start":8592.504,"end":8593.025},{"text":"developing","start":8593.025,"end":8593.546},{"text":"countries,","start":8593.546,"end":8594.067},{"text":"especially","start":8594.067,"end":8594.588},{"text":"for","start":8594.588,"end":8595.109},{"text":"the","start":8595.109,"end":8595.63},{"text":"middle-income","start":8595.63,"end":8596.151},{"text":"countries,","start":8596.151,"end":8596.672},{"text":"which","start":8596.672,"end":8597.193},{"text":"often","start":8597.193,"end":8597.714},{"text":"find","start":8597.714,"end":8598.235},{"text":"themselves","start":8598.235,"end":8598.756},{"text":"in","start":8598.756,"end":8599.277},{"text":"the","start":8599.277,"end":8599.798},{"text":"middle-income","start":8599.798,"end":8600.319},{"text":"trap,","start":8600.319,"end":8600.84},{"text":"threatening","start":8600.84,"end":8601.361},{"text":"to","start":8601.361,"end":8601.882},{"text":"reverse","start":8601.882,"end":8602.403},{"text":"their","start":8602.403,"end":8602.924},{"text":"hard-won","start":8602.924,"end":8603.445},{"text":"progress.","start":8603.445,"end":8603.966}]},{"text":"Armenia strongly advocates the introduction of complementary criteria beyond GDP to more thoroughly and comprehensively assess the needs of developing and middle-income countries for concessional financing.","start":8603.966,"end":8617.513,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income countries."}],"words":[{"text":"Armenia","start":8603.966,"end":8604.487},{"text":"strongly","start":8604.487,"end":8605.008},{"text":"advocates","start":8605.008,"end":8605.529},{"text":"the","start":8605.529,"end":8606.05},{"text":"introduction","start":8606.05,"end":8606.571},{"text":"of","start":8606.571,"end":8607.092},{"text":"complementary","start":8607.092,"end":8607.613},{"text":"criteria","start":8607.613,"end":8608.134},{"text":"beyond","start":8608.134,"end":8608.655},{"text":"GDP","start":8608.655,"end":8609.176},{"text":"to","start":8609.176,"end":8609.697},{"text":"more","start":8609.697,"end":8610.218},{"text":"thoroughly","start":8610.218,"end":8610.739},{"text":"and","start":8610.739,"end":8611.261},{"text":"comprehensively","start":8611.261,"end":8611.782},{"text":"assess","start":8611.782,"end":8612.303},{"text":"the","start":8612.303,"end":8612.824},{"text":"needs","start":8612.824,"end":8613.345},{"text":"of","start":8613.345,"end":8613.866},{"text":"developing","start":8613.866,"end":8614.387},{"text":"and","start":8614.387,"end":8614.908},{"text":"middle-income","start":8614.908,"end":8615.429},{"text":"countries","start":8615.429,"end":8615.95},{"text":"for","start":8615.95,"end":8616.471},{"text":"concessional","start":8616.471,"end":8616.992},{"text":"financing.","start":8616.992,"end":8617.513}]},{"text":"International financial institutions needs to expand their lending capacities by providing more affordable resources with longer-term maturities and lower interest rates.","start":8617.513,"end":8628.454,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."}],"words":[{"text":"International","start":8617.513,"end":8618.034},{"text":"financial","start":8618.034,"end":8618.555},{"text":"institutions","start":8618.555,"end":8619.076},{"text":"needs","start":8619.076,"end":8619.597},{"text":"to","start":8619.597,"end":8620.118},{"text":"expand","start":8620.118,"end":8620.639},{"text":"their","start":8620.639,"end":8621.16},{"text":"lending","start":8621.16,"end":8621.681},{"text":"capacities","start":8621.681,"end":8622.202},{"text":"by","start":8622.202,"end":8622.723},{"text":"providing","start":8622.723,"end":8623.244},{"text":"more","start":8623.244,"end":8623.765},{"text":"affordable","start":8623.765,"end":8624.286},{"text":"resources","start":8624.286,"end":8624.807},{"text":"with","start":8624.807,"end":8625.328},{"text":"longer-term","start":8625.328,"end":8625.849},{"text":"maturities","start":8625.849,"end":8626.37},{"text":"and","start":8626.37,"end":8626.891},{"text":"lower","start":8626.891,"end":8627.412},{"text":"interest","start":8627.412,"end":8627.933},{"text":"rates.","start":8627.933,"end":8628.454}]},{"text":"We call for a reduction in the fragmentation of development assistance and the implementation of mutual trust mechanisms that streamline access to financing for borrowing countries.","start":8628.454,"end":8642,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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local currency lending and risk mitigation.","start":8643,"end":8646.581,"topics":[{"key":"local-currency-finance","label":"Local Currency Financing and Markets","description":"Expanding local currency lending and developing domestic capital markets to reduce FX risk, transform domestic savings into investment, and lower debt vulnerabilities through onshore instruments and liquidity pools."}],"words":[{"text":"Third,","start":8643,"end":8643.512},{"text":"local","start":8643.512,"end":8644.023},{"text":"currency","start":8644.023,"end":8644.535},{"text":"lending","start":8644.535,"end":8645.047},{"text":"and","start":8645.047,"end":8645.558},{"text":"risk","start":8645.558,"end":8646.07},{"text":"mitigation.","start":8646.07,"end":8646.581}]},{"text":"Foreign exchange risk remains a primary cause of financial vulnerability in developing countries.","start":8646.581,"end":8653.233,"topics":[{"key":"local-currency-finance","label":"Local Currency Financing and 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colleagues, our goal is to create a system where financing is not a burden but a genuine engine for 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Kenya, translating the Sevilla Commitment from aspiration into action is anchored on interlinked national policies and reforms that address three core pillars: 1. upscaling investment and trade, 2. managing debt sustainability and 3. contributing to a fairer international financial architecture.","start":8772,"end":8801.145,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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is implementing legislative reforms to combat illicit financial flow through enhanced financial intelligence framework and participation in international tax transparency initiatives.","start":8892,"end":8908.225,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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is also implementing medium-term debt management strategy to reduce the debt to GDP ratio to 57.8% by financial year 2028 through prioritization, concessional borrowing and pursuing liability management operation.","start":8908.225,"end":8930.35,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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trade, Kenya supports elimination of trade distortion measures by advancing economics and call for scale up aid for trade to enhance supply side capacity for developing countries.","start":8930.35,"end":8951,"topics":[],"words":[{"text":"On","start":8930.35,"end":8931.088},{"text":"trade,","start":8931.088,"end":8931.825},{"text":"Kenya","start":8931.825,"end":8932.563},{"text":"supports","start":8932.563,"end":8933.3},{"text":"elimination","start":8933.3,"end":8934.038},{"text":"of","start":8934.038,"end":8934.775},{"text":"trade","start":8934.775,"end":8935.513},{"text":"distortion","start":8935.513,"end":8936.25},{"text":"measures","start":8936.25,"end":8936.988},{"text":"by","start":8936.988,"end":8937.725},{"text":"advancing","start":8937.725,"end":8938.463},{"text":"economics","start":8938.463,"end":8939.2},{"text":"and","start":8939.2,"end":8939.938},{"text":"call","start":8939.938,"end":8940.675},{"text":"for","start":8940.675,"end":8941.413},{"text":"scale","start":8941.413,"end":8942.15},{"text":"up","start":8942.15,"end":8942.888},{"text":"aid","start":8942.888,"end":8943.625},{"text":"for","start":8943.625,"end":8944.363},{"text":"trade","start":8944.363,"end":8945.1},{"text":"to","start":8945.1,"end":8945.838},{"text":"enhance","start":8945.838,"end":8946.575},{"text":"supply","start":8946.575,"end":8947.313},{"text":"side","start":8947.313,"end":8948.05},{"text":"capacity","start":8948.05,"end":8948.788},{"text":"for","start":8948.788,"end":8949.525},{"text":"developing","start":8949.525,"end":8950.263},{"text":"countries.","start":8950.263,"end":8951}]}]},{"sentences":[{"text":"We therefore call on all partners to uphold cooperation, strengthen unity and accelerate implementation of the Sevilla Commitment so that no one is left 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thank you.","start":8975.214,"end":8978,"topics":[],"words":[{"text":"I","start":8975.214,"end":8976.143},{"text":"thank","start":8976.143,"end":8977.071},{"text":"you.","start":8977.071,"end":8978}]}]}],"speaker":{"name":"Boniface Makoka","affiliation":"KEN","affiliation_full":"Kenya","group":null,"function":"Principal Secretary for Economic Planning"}},{"statement_number":71,"paragraphs":[{"sentences":[{"text":"I thank His Excellency Principal Secretary for Economic Planning of Kenya.","start":8980,"end":8984.795,"topics":[],"words":[{"text":"I","start":8980,"end":8980.436},{"text":"thank","start":8980.436,"end":8980.872},{"text":"His","start":8980.872,"end":8981.308},{"text":"Excellency","start":8981.308,"end":8981.744},{"text":"Principal","start":8981.744,"end":8982.179},{"text":"Secretary","start":8982.179,"end":8982.615},{"text":"for","start":8982.615,"end":8983.051},{"text":"Economic","start":8983.051,"end":8983.487},{"text":"Planning","start":8983.487,"end":8983.923},{"text":"of","start":8983.923,"end":8984.359},{"text":"Kenya.","start":8984.359,"end":8984.795}]},{"text":"Now I give the floor to Ms. Donnalyn Minimo, Assistant Secretary of the Department of Finance of Philippines, speaking on behalf of the Like-Minded Group for Middle-Income Countries.","start":8984.795,"end":8997,"topics":[],"words":[{"text":"Now","start":8984.795,"end":8985.231},{"text":"I","start":8985.231,"end":8985.667},{"text":"give","start":8985.667,"end":8986.103},{"text":"the","start":8986.103,"end":8986.538},{"text":"floor","start":8986.538,"end":8986.974},{"text":"to","start":8986.974,"end":8987.41},{"text":"Ms.","start":8987.41,"end":8987.846},{"text":"Donnalyn","start":8987.846,"end":8988.282},{"text":"Minimo,","start":8988.282,"end":8988.718},{"text":"Assistant","start":8988.718,"end":8989.154},{"text":"Secretary","start":8989.154,"end":8989.59},{"text":"of","start":8989.59,"end":8990.026},{"text":"the","start":8990.026,"end":8990.462},{"text":"Department","start":8990.462,"end":8990.897},{"text":"of","start":8990.897,"end":8991.333},{"text":"Finance","start":8991.333,"end":8991.769},{"text":"of","start":8991.769,"end":8992.205},{"text":"Philippines,","start":8992.205,"end":8992.641},{"text":"speaking","start":8992.641,"end":8993.077},{"text":"on","start":8993.077,"end":8993.513},{"text":"behalf","start":8993.513,"end":8993.949},{"text":"of","start":8993.949,"end":8994.385},{"text":"the","start":8994.385,"end":8994.821},{"text":"Like-Minded","start":8994.821,"end":8995.256},{"text":"Group","start":8995.256,"end":8995.692},{"text":"for","start":8995.692,"end":8996.128},{"text":"Middle-Income","start":8996.128,"end":8996.564},{"text":"Countries.","start":8996.564,"end":8997}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":72,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":9003,"end":9005.275,"topics":[],"words":[{"text":"Thank","start":9003,"end":9003.569},{"text":"you,","start":9003.569,"end":9004.137},{"text":"Mr.","start":9004.137,"end":9004.706},{"text":"President.","start":9004.706,"end":9005.275}]},{"text":"Excellencies, distinguished colleagues, I have the honor to speak on behalf of the Like-Minded Group for Middle-Income Countries, composed of Armenia, Belarus, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Lebanon, Mexico, Morocco, Namibia, Panama, Peru, the Philippines, and Uruguay.","start":9005.275,"end":9030.863,"topics":[],"words":[{"text":"Excellencies,","start":9005.275,"end":9005.843},{"text":"distinguished","start":9005.843,"end":9006.412},{"text":"colleagues,","start":9006.412,"end":9006.98},{"text":"I","start":9006.98,"end":9007.549},{"text":"have","start":9007.549,"end":9008.118},{"text":"the","start":9008.118,"end":9008.686},{"text":"honor","start":9008.686,"end":9009.255},{"text":"to","start":9009.255,"end":9009.824},{"text":"speak","start":9009.824,"end":9010.392},{"text":"on","start":9010.392,"end":9010.961},{"text":"behalf","start":9010.961,"end":9011.529},{"text":"of","start":9011.529,"end":9012.098},{"text":"the","start":9012.098,"end":9012.667},{"text":"Like-Minded","start":9012.667,"end":9013.235},{"text":"Group","start":9013.235,"end":9013.804},{"text":"for","start":9013.804,"end":9014.373},{"text":"Middle-Income","start":9014.373,"end":9014.941},{"text":"Countries,","start":9014.941,"end":9015.51},{"text":"composed","start":9015.51,"end":9016.078},{"text":"of","start":9016.078,"end":9016.647},{"text":"Armenia,","start":9016.647,"end":9017.216},{"text":"Belarus,","start":9017.216,"end":9017.784},{"text":"Chile,","start":9017.784,"end":9018.353},{"text":"Colombia,","start":9018.353,"end":9018.922},{"text":"Costa","start":9018.922,"end":9019.49},{"text":"Rica,","start":9019.49,"end":9020.059},{"text":"the","start":9020.059,"end":9020.627},{"text":"Dominican","start":9020.627,"end":9021.196},{"text":"Republic,","start":9021.196,"end":9021.765},{"text":"Ecuador,","start":9021.765,"end":9022.333},{"text":"El","start":9022.333,"end":9022.902},{"text":"Salvador,","start":9022.902,"end":9023.471},{"text":"Guatemala,","start":9023.471,"end":9024.039},{"text":"Honduras,","start":9024.039,"end":9024.608},{"text":"Jamaica,","start":9024.608,"end":9025.176},{"text":"Lebanon,","start":9025.176,"end":9025.745},{"text":"Mexico,","start":9025.745,"end":9026.314},{"text":"Morocco,","start":9026.314,"end":9026.882},{"text":"Namibia,","start":9026.882,"end":9027.451},{"text":"Panama,","start":9027.451,"end":9028.02},{"text":"Peru,","start":9028.02,"end":9028.588},{"text":"the","start":9028.588,"end":9029.157},{"text":"Philippines,","start":9029.157,"end":9029.725},{"text":"and","start":9029.725,"end":9030.294},{"text":"Uruguay.","start":9030.294,"end":9030.863}]},{"text":"The realities of middle-income countries must inform discussions in this forum, as MICs are home to over 70% of the global population, account for a significant share of global GDP, and host a sizeable proportion of the world's poor.","start":9030.863,"end":9053.039,"topics":[],"words":[{"text":"The","start":9030.863,"end":9031.431},{"text":"realities","start":9031.431,"end":9032},{"text":"of","start":9032,"end":9032.569},{"text":"middle-income","start":9032.569,"end":9033.137},{"text":"countries","start":9033.137,"end":9033.706},{"text":"must","start":9033.706,"end":9034.275},{"text":"inform","start":9034.275,"end":9034.843},{"text":"discussions","start":9034.843,"end":9035.412},{"text":"in","start":9035.412,"end":9035.98},{"text":"this","start":9035.98,"end":9036.549},{"text":"forum,","start":9036.549,"end":9037.118},{"text":"as","start":9037.118,"end":9037.686},{"text":"MICs","start":9037.686,"end":9038.255},{"text":"are","start":9038.255,"end":9038.824},{"text":"home","start":9038.824,"end":9039.392},{"text":"to","start":9039.392,"end":9039.961},{"text":"over","start":9039.961,"end":9040.529},{"text":"70%","start":9040.529,"end":9041.098},{"text":"of","start":9041.098,"end":9041.667},{"text":"the","start":9041.667,"end":9042.235},{"text":"global","start":9042.235,"end":9042.804},{"text":"population,","start":9042.804,"end":9043.373},{"text":"account","start":9043.373,"end":9043.941},{"text":"for","start":9043.941,"end":9044.51},{"text":"a","start":9044.51,"end":9045.078},{"text":"significant","start":9045.078,"end":9045.647},{"text":"share","start":9045.647,"end":9046.216},{"text":"of","start":9046.216,"end":9046.784},{"text":"global","start":9046.784,"end":9047.353},{"text":"GDP,","start":9047.353,"end":9047.922},{"text":"and","start":9047.922,"end":9048.49},{"text":"host","start":9048.49,"end":9049.059},{"text":"a","start":9049.059,"end":9049.627},{"text":"sizeable","start":9049.627,"end":9050.196},{"text":"proportion","start":9050.196,"end":9050.765},{"text":"of","start":9050.765,"end":9051.333},{"text":"the","start":9051.333,"end":9051.902},{"text":"world's","start":9051.902,"end":9052.471},{"text":"poor.","start":9052.471,"end":9053.039}]},{"text":"As we take take stock following Sevilla, allow me to highlight the following priorities.","start":9053.039,"end":9061,"topics":[],"words":[{"text":"As","start":9053.039,"end":9053.608},{"text":"we","start":9053.608,"end":9054.176},{"text":"take","start":9054.176,"end":9054.745},{"text":"take","start":9054.745,"end":9055.314},{"text":"stock","start":9055.314,"end":9055.882},{"text":"following","start":9055.882,"end":9056.451},{"text":"Sevilla,","start":9056.451,"end":9057.02},{"text":"allow","start":9057.02,"end":9057.588},{"text":"me","start":9057.588,"end":9058.157},{"text":"to","start":9058.157,"end":9058.725},{"text":"highlight","start":9058.725,"end":9059.294},{"text":"the","start":9059.294,"end":9059.863},{"text":"following","start":9059.863,"end":9060.431},{"text":"priorities.","start":9060.431,"end":9061}]}]},{"sentences":[{"text":"First, advancing a more inclusive and tailored development paradigm that addresses the specific challenges of MICs, ensures equitable access to financing and cooperation, and recognizes their contributions to sustainable development.","start":9062,"end":9075.404,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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addressing the middle-income trap through support that goes beyond income-based classification.","start":9075.404,"end":9080.766,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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advancing implementation of commitments on debt.","start":9090.149,"end":9093.277,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."}],"words":[{"text":"Third,","start":9090.149,"end":9090.596},{"text":"advancing","start":9090.596,"end":9091.043},{"text":"implementation","start":9091.043,"end":9091.489},{"text":"of","start":9091.489,"end":9091.936},{"text":"commitments","start":9091.936,"end":9092.383},{"text":"on","start":9092.383,"end":9092.83},{"text":"debt.","start":9092.83,"end":9093.277}]},{"text":"These include the inclusion of MICs in the G20 Common Framework, scaling up debt swaps in particular for SDGs, including for climate and nature.","start":9093.277,"end":9104,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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ahead of the in-depth review on debt and debt sustainability, we look forward to the convening of an inclusive dialogue among member states, official and private creditors and debtors, international financial institutions, and other stakeholders to address gaps in the global debt architecture.","start":9105,"end":9132.853,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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enhancing the mobilization of private investment through targeted investment facilitation measures for MICs.","start":9132.853,"end":9141.716,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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ecosystems.","start":9141.716,"end":9155.642,"topics":[],"words":[{"text":"Sixth,","start":9141.716,"end":9142.349},{"text":"with","start":9142.349,"end":9142.982},{"text":"STI","start":9142.982,"end":9143.615},{"text":"advancing","start":9143.615,"end":9144.248},{"text":"rapidly,","start":9144.248,"end":9144.881},{"text":"we","start":9144.881,"end":9145.514},{"text":"call","start":9145.514,"end":9146.147},{"text":"for","start":9146.147,"end":9146.78},{"text":"strengthened","start":9146.78,"end":9147.413},{"text":"international","start":9147.413,"end":9148.046},{"text":"cooperation,","start":9148.046,"end":9148.679},{"text":"including","start":9148.679,"end":9149.312},{"text":"technology","start":9149.312,"end":9149.945},{"text":"transfer","start":9149.945,"end":9150.578},{"text":"and","start":9150.578,"end":9151.211},{"text":"capacity","start":9151.211,"end":9151.844},{"text":"building","start":9151.844,"end":9152.477},{"text":"to","start":9152.477,"end":9153.11},{"text":"support","start":9153.11,"end":9153.743},{"text":"national","start":9153.743,"end":9154.376},{"text":"innovation","start":9154.376,"end":9155.009},{"text":"ecosystems.","start":9155.009,"end":9155.642}]},{"text":"Finally, we reaffirm the importance of South-South and triangular cooperation, including through strengthened reporting and enhanced partnerships.","start":9155.642,"end":9166.404,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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capacity.","start":9166.404,"end":9174,"topics":[],"words":[{"text":"At","start":9166.404,"end":9167.037},{"text":"this","start":9167.037,"end":9167.67},{"text":"point,","start":9167.67,"end":9168.303},{"text":"please","start":9168.303,"end":9168.936},{"text":"allow","start":9168.936,"end":9169.569},{"text":"me","start":9169.569,"end":9170.202},{"text":"to","start":9170.202,"end":9170.835},{"text":"speak","start":9170.835,"end":9171.468},{"text":"on","start":9171.468,"end":9172.101},{"text":"my","start":9172.101,"end":9172.734},{"text":"national","start":9172.734,"end":9173.367},{"text":"capacity.","start":9173.367,"end":9174}]}]}],"speaker":{"name":"Donnalyn Minimo","affiliation":"PHL","affiliation_full":"Philippines","group":"Like-Minded Group for Middle-Income Countries","function":"Assistant Secretary"}},{"statement_number":73,"paragraphs":[{"sentences":[{"text":"Geopolitical tensions, persistent inflation, slowing growth, and elevated debt levels are reshaping trade, investment, and capital flows.","start":9175,"end":9185.648,"topics":[],"words":[{"text":"Geopolitical","start":9175,"end":9175.626},{"text":"tensions,","start":9175.626,"end":9176.253},{"text":"persistent","start":9176.253,"end":9176.879},{"text":"inflation,","start":9176.879,"end":9177.505},{"text":"slowing","start":9177.505,"end":9178.132},{"text":"growth,","start":9178.132,"end":9178.758},{"text":"and","start":9178.758,"end":9179.385},{"text":"elevated","start":9179.385,"end":9180.011},{"text":"debt","start":9180.011,"end":9180.637},{"text":"levels","start":9180.637,"end":9181.264},{"text":"are","start":9181.264,"end":9181.89},{"text":"reshaping","start":9181.89,"end":9182.516},{"text":"trade,","start":9182.516,"end":9183.143},{"text":"investment,","start":9183.143,"end":9183.769},{"text":"and","start":9183.769,"end":9184.396},{"text":"capital","start":9184.396,"end":9185.022},{"text":"flows.","start":9185.022,"end":9185.648}]},{"text":"For many countries, these challenges are neither abstract nor distant.","start":9185.648,"end":9191.912,"topics":[],"words":[{"text":"For","start":9185.648,"end":9186.275},{"text":"many","start":9186.275,"end":9186.901},{"text":"countries,","start":9186.901,"end":9187.527},{"text":"these","start":9187.527,"end":9188.154},{"text":"challenges","start":9188.154,"end":9188.78},{"text":"are","start":9188.78,"end":9189.407},{"text":"neither","start":9189.407,"end":9190.033},{"text":"abstract","start":9190.033,"end":9190.659},{"text":"nor","start":9190.659,"end":9191.286},{"text":"distant.","start":9191.286,"end":9191.912}]},{"text":"They are narrowing fiscal space, increasing financing costs, and constraining investments in sustainable development, particularly for countries facing overlapping vulnerabilities and especially those highly exposed to climate and disaster risks.","start":9191.912,"end":9210.703,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable financing."},{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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this context, the Philippines underscores that our collective response under the global financing framework must remain anchored in the principle of common but differentiated responsibilities, reflecting diverse national circumstances and levels of development.","start":9210.703,"end":9232,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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domestic efforts are indispensable, they must be supported by the fair, enabling, and equitable international environment.","start":9233,"end":9242.594,"topics":[],"words":[{"text":"While","start":9233,"end":9233.564},{"text":"domestic","start":9233.564,"end":9234.129},{"text":"efforts","start":9234.129,"end":9234.693},{"text":"are","start":9234.693,"end":9235.257},{"text":"indispensable,","start":9235.257,"end":9235.822},{"text":"they","start":9235.822,"end":9236.386},{"text":"must","start":9236.386,"end":9236.95},{"text":"be","start":9236.95,"end":9237.515},{"text":"supported","start":9237.515,"end":9238.079},{"text":"by","start":9238.079,"end":9238.644},{"text":"the","start":9238.644,"end":9239.208},{"text":"fair,","start":9239.208,"end":9239.772},{"text":"enabling,","start":9239.772,"end":9240.337},{"text":"and","start":9240.337,"end":9240.901},{"text":"equitable","start":9240.901,"end":9241.465},{"text":"international","start":9241.465,"end":9242.03},{"text":"environment.","start":9242.03,"end":9242.594}]},{"text":"At the same time, we reiterate the critical role of official development assistance and call on developed countries to fulfill long-standing 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also encourage multilateral development banks to enhance financing support, expand access to concessional resources, and scale up grants, capacity building, technology transfer, and technical assistance to maximize development 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a disaster-prone country, the Philippines further stresses the urgent need to scale up climate finance that is new and additional, readily accessible, and does not come at the expense of ODA.","start":9271.941,"end":9290,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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development efforts must also remain inclusive, with stronger integration of the needs of migrants, indigenous peoples, and persons with disabilities to ensure that development gains are broad-based and equitable.","start":9291,"end":9308.386,"topics":[],"words":[{"text":"Sustainable","start":9291,"end":9291.58},{"text":"development","start":9291.58,"end":9292.159},{"text":"efforts","start":9292.159,"end":9292.739},{"text":"must","start":9292.739,"end":9293.318},{"text":"also","start":9293.318,"end":9293.898},{"text":"remain","start":9293.898,"end":9294.477},{"text":"inclusive,","start":9294.477,"end":9295.057},{"text":"with","start":9295.057,"end":9295.636},{"text":"stronger","start":9295.636,"end":9296.216},{"text":"integration","start":9296.216,"end":9296.795},{"text":"of","start":9296.795,"end":9297.375},{"text":"the","start":9297.375,"end":9297.955},{"text":"needs","start":9297.955,"end":9298.534},{"text":"of","start":9298.534,"end":9299.114},{"text":"migrants,","start":9299.114,"end":9299.693},{"text":"indigenous","start":9299.693,"end":9300.273},{"text":"peoples,","start":9300.273,"end":9300.852},{"text":"and","start":9300.852,"end":9301.432},{"text":"persons","start":9301.432,"end":9302.011},{"text":"with","start":9302.011,"end":9302.591},{"text":"disabilities","start":9302.591,"end":9303.17},{"text":"to","start":9303.17,"end":9303.75},{"text":"ensure","start":9303.75,"end":9304.33},{"text":"that","start":9304.33,"end":9304.909},{"text":"development","start":9304.909,"end":9305.489},{"text":"gains","start":9305.489,"end":9306.068},{"text":"are","start":9306.068,"end":9306.648},{"text":"broad-based","start":9306.648,"end":9307.227},{"text":"and","start":9307.227,"end":9307.807},{"text":"equitable.","start":9307.807,"end":9308.386}]},{"text":"We 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capacity.","start":9343,"end":9350.519,"topics":[],"words":[{"text":"I","start":9343,"end":9343.259},{"text":"thank","start":9343.259,"end":9343.519},{"text":"the","start":9343.519,"end":9343.778},{"text":"Assistant","start":9343.778,"end":9344.037},{"text":"Secretary","start":9344.037,"end":9344.296},{"text":"of","start":9344.296,"end":9344.556},{"text":"the","start":9344.556,"end":9344.815},{"text":"Department","start":9344.815,"end":9345.074},{"text":"of","start":9345.074,"end":9345.333},{"text":"Finance","start":9345.333,"end":9345.593},{"text":"of","start":9345.593,"end":9345.852},{"text":"Philippines,","start":9345.852,"end":9346.111},{"text":"speaking","start":9346.111,"end":9346.37},{"text":"on","start":9346.37,"end":9346.63},{"text":"behalf","start":9346.63,"end":9346.889},{"text":"of","start":9346.889,"end":9347.148},{"text":"the","start":9347.148,"end":9347.407},{"text":"Like-Minded","start":9347.407,"end":9347.667},{"text":"Group","start":9347.667,"end":9347.926},{"text":"of","start":9347.926,"end":9348.185},{"text":"Middle-Income","start":9348.185,"end":9348.444},{"text":"Countries,","start":9348.444,"end":9348.704},{"text":"as","start":9348.704,"end":9348.963},{"text":"well","start":9348.963,"end":9349.222},{"text":"as","start":9349.222,"end":9349.481},{"text":"in","start":9349.481,"end":9349.741},{"text":"the","start":9349.741,"end":9350},{"text":"national","start":9350,"end":9350.259},{"text":"capacity.","start":9350.259,"end":9350.519}]},{"text":"Now I give the floor to Mr. Ricardo Malca, Director of International Economic Negotiations of Peru, to be followed by Cambodia, Saudi Arabia, and Qatar.","start":9350.519,"end":9357,"topics":[],"words":[{"text":"Now","start":9350.519,"end":9350.778},{"text":"I","start":9350.778,"end":9351.037},{"text":"give","start":9351.037,"end":9351.296},{"text":"the","start":9351.296,"end":9351.556},{"text":"floor","start":9351.556,"end":9351.815},{"text":"to","start":9351.815,"end":9352.074},{"text":"Mr.","start":9352.074,"end":9352.333},{"text":"Ricardo","start":9352.333,"end":9352.593},{"text":"Malca,","start":9352.593,"end":9352.852},{"text":"Director","start":9352.852,"end":9353.111},{"text":"of","start":9353.111,"end":9353.37},{"text":"International","start":9353.37,"end":9353.63},{"text":"Economic","start":9353.63,"end":9353.889},{"text":"Negotiations","start":9353.889,"end":9354.148},{"text":"of","start":9354.148,"end":9354.407},{"text":"Peru,","start":9354.407,"end":9354.667},{"text":"to","start":9354.667,"end":9354.926},{"text":"be","start":9354.926,"end":9355.185},{"text":"followed","start":9355.185,"end":9355.444},{"text":"by","start":9355.444,"end":9355.704},{"text":"Cambodia,","start":9355.704,"end":9355.963},{"text":"Saudi","start":9355.963,"end":9356.222},{"text":"Arabia,","start":9356.222,"end":9356.481},{"text":"and","start":9356.481,"end":9356.741},{"text":"Qatar.","start":9356.741,"end":9357}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":75,"paragraphs":[{"sentences":[{"text":"Thank you, President. Your Excellencies, distinguished delegates.","start":9374,"end":9377.32,"topics":[],"words":[{"text":"Thank","start":9374,"end":9374.474},{"text":"you,","start":9374.474,"end":9374.948},{"text":"President.","start":9374.948,"end":9375.423},{"text":"Your","start":9375.423,"end":9375.897},{"text":"Excellencies,","start":9375.897,"end":9376.371},{"text":"distinguished","start":9376.371,"end":9376.845},{"text":"delegates.","start":9376.845,"end":9377.32}]},{"text":"Peru welcomes the convening of this forum on FfD as an opportunity to move from consensus to implementation.","start":9377.32,"end":9385.856,"topics":[],"words":[{"text":"Peru","start":9377.32,"end":9377.794},{"text":"welcomes","start":9377.794,"end":9378.268},{"text":"the","start":9378.268,"end":9378.742},{"text":"convening","start":9378.742,"end":9379.216},{"text":"of","start":9379.216,"end":9379.691},{"text":"this","start":9379.691,"end":9380.165},{"text":"forum","start":9380.165,"end":9380.639},{"text":"on","start":9380.639,"end":9381.113},{"text":"FfD","start":9381.113,"end":9381.588},{"text":"as","start":9381.588,"end":9382.062},{"text":"an","start":9382.062,"end":9382.536},{"text":"opportunity","start":9382.536,"end":9383.01},{"text":"to","start":9383.01,"end":9383.485},{"text":"move","start":9383.485,"end":9383.959},{"text":"from","start":9383.959,"end":9384.433},{"text":"consensus","start":9384.433,"end":9384.907},{"text":"to","start":9384.907,"end":9385.381},{"text":"implementation.","start":9385.381,"end":9385.856}]},{"text":"We'd like to stress that first of all, we need to mobilize more resources and direct them better towards national priorities in every country.","start":9385.856,"end":9397.237,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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it's critical to move towards moving beyond GDP as the only criterion to access FfD.","start":9397.237,"end":9404.825,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income countries."}],"words":[{"text":"Secondly,","start":9397.237,"end":9397.711},{"text":"it's","start":9397.711,"end":9398.186},{"text":"critical","start":9398.186,"end":9398.66},{"text":"to","start":9398.66,"end":9399.134},{"text":"move","start":9399.134,"end":9399.608},{"text":"towards","start":9399.608,"end":9400.082},{"text":"moving","start":9400.082,"end":9400.557},{"text":"beyond","start":9400.557,"end":9401.031},{"text":"GDP","start":9401.031,"end":9401.505},{"text":"as","start":9401.505,"end":9401.979},{"text":"the","start":9401.979,"end":9402.454},{"text":"only","start":9402.454,"end":9402.928},{"text":"criterion","start":9402.928,"end":9403.402},{"text":"to","start":9403.402,"end":9403.876},{"text":"access","start":9403.876,"end":9404.351},{"text":"FfD.","start":9404.351,"end":9404.825}]},{"text":"We welcome the progress promoted by the UN and the efforts of the international financial institutions in this regard, and we encourage the inclusion of these criteria in the resource allocation processes.","start":9404.825,"end":9420,"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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we need to beef up institutional frameworks for financial stability, promoting greater coordination between economic authorities and consolidating a prudent management of debt, prioritizing debt being denominated in local currency and at fixed rates to mitigate risk.","start":9421,"end":9439.759,"topics":[{"key":"local-currency-finance","label":"Local Currency Financing and Markets","description":"Expanding local currency lending and developing domestic capital markets to reduce FX risk, transform domestic savings into investment, and lower debt vulnerabilities through onshore instruments and liquidity 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border incursion and sustained armed conflict initiated by our neighbor to the west, Thailand, since July 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hundred deaths and the displacement of over 650,000 civilians.","start":9627.645,"end":9636.419,"topics":[],"words":[{"text":"The","start":9627.645,"end":9628.161},{"text":"conflict","start":9628.161,"end":9628.677},{"text":"has","start":9628.677,"end":9629.194},{"text":"resulted","start":9629.194,"end":9629.71},{"text":"in","start":9629.71,"end":9630.226},{"text":"more","start":9630.226,"end":9630.742},{"text":"than","start":9630.742,"end":9631.258},{"text":"a","start":9631.258,"end":9631.774},{"text":"hundred","start":9631.774,"end":9632.29},{"text":"deaths","start":9632.29,"end":9632.806},{"text":"and","start":9632.806,"end":9633.323},{"text":"the","start":9633.323,"end":9633.839},{"text":"displacement","start":9633.839,"end":9634.355},{"text":"of","start":9634.355,"end":9634.871},{"text":"over","start":9634.871,"end":9635.387},{"text":"650,000","start":9635.387,"end":9635.903},{"text":"civilians.","start":9635.903,"end":9636.419}]},{"text":"As of February 2026, more than 80,000 people remain displaced, including 50,000 women and 30,000 children.","start":9636.419,"end":9644.677,"topics":[],"words":[{"text":"As","start":9636.419,"end":9636.935},{"text":"of","start":9636.935,"end":9637.452},{"text":"February","start":9637.452,"end":9637.968},{"text":"2026,","start":9637.968,"end":9638.484},{"text":"more","start":9638.484,"end":9639},{"text":"than","start":9639,"end":9639.516},{"text":"80,000","start":9639.516,"end":9640.032},{"text":"people","start":9640.032,"end":9640.548},{"text":"remain","start":9640.548,"end":9641.065},{"text":"displaced,","start":9641.065,"end":9641.581},{"text":"including","start":9641.581,"end":9642.097},{"text":"50,000","start":9642.097,"end":9642.613},{"text":"women","start":9642.613,"end":9643.129},{"text":"and","start":9643.129,"end":9643.645},{"text":"30,000","start":9643.645,"end":9644.161},{"text":"children.","start":9644.161,"end":9644.677}]},{"text":"Many returnees face damaged housing, limited access to basic services and safety concerns.","start":9644.677,"end":9651.387,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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provinces.","start":9651.387,"end":9657.065,"topics":[],"words":[{"text":"48","start":9651.387,"end":9651.903},{"text":"schools","start":9651.903,"end":9652.419},{"text":"and","start":9652.419,"end":9652.935},{"text":"22","start":9652.935,"end":9653.452},{"text":"health","start":9653.452,"end":9653.968},{"text":"facilities","start":9653.968,"end":9654.484},{"text":"remain","start":9654.484,"end":9655},{"text":"closed","start":9655,"end":9655.516},{"text":"across","start":9655.516,"end":9656.032},{"text":"affected","start":9656.032,"end":9656.548},{"text":"provinces.","start":9656.548,"end":9657.065}]},{"text":"Border closures and disruptions to trade and tourism have hurt Cambodia's economic recovery.","start":9657.065,"end":9663.774,"topics":[],"words":[{"text":"Border","start":9657.065,"end":9657.581},{"text":"closures","start":9657.581,"end":9658.097},{"text":"and","start":9658.097,"end":9658.613},{"text":"disruptions","start":9658.613,"end":9659.129},{"text":"to","start":9659.129,"end":9659.645},{"text":"trade","start":9659.645,"end":9660.161},{"text":"and","start":9660.161,"end":9660.677},{"text":"tourism","start":9660.677,"end":9661.194},{"text":"have","start":9661.194,"end":9661.71},{"text":"hurt","start":9661.71,"end":9662.226},{"text":"Cambodia's","start":9662.226,"end":9662.742},{"text":"economic","start":9662.742,"end":9663.258},{"text":"recovery.","start":9663.258,"end":9663.774}]},{"text":"As border trade has stalled, tourism revenues have also fallen as fears deter visitors.","start":9663.774,"end":9671,"topics":[],"words":[{"text":"As","start":9663.774,"end":9664.29},{"text":"border","start":9664.29,"end":9664.806},{"text":"trade","start":9664.806,"end":9665.323},{"text":"has","start":9665.323,"end":9665.839},{"text":"stalled,","start":9665.839,"end":9666.355},{"text":"tourism","start":9666.355,"end":9666.871},{"text":"revenues","start":9666.871,"end":9667.387},{"text":"have","start":9667.387,"end":9667.903},{"text":"also","start":9667.903,"end":9668.419},{"text":"fallen","start":9668.419,"end":9668.935},{"text":"as","start":9668.935,"end":9669.452},{"text":"fears","start":9669.452,"end":9669.968},{"text":"deter","start":9669.968,"end":9670.484},{"text":"visitors.","start":9670.484,"end":9671}]}]},{"sentences":[{"text":"Mr. President, distinguished delegates.","start":9672,"end":9673.967,"topics":[],"words":[{"text":"Mr.","start":9672,"end":9672.492},{"text":"President,","start":9672.492,"end":9672.983},{"text":"distinguished","start":9672.983,"end":9673.475},{"text":"delegates.","start":9673.475,"end":9673.967}]},{"text":"The Sevilla Commitment calls on us to close the SDG financing gap, strengthen domestic resource mobilization and invest in health, education and social protection.","start":9673.967,"end":9685.767,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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the conflict forces Cambodia to divert scarce public resources toward emergency humanitarian response, reconstruction of destroyed infrastructure and defense.","start":9685.767,"end":9695.6,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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that should be channeled into SDG implementation.","start":9695.6,"end":9699.533,"topics":[],"words":[{"text":"Resources","start":9695.6,"end":9696.092},{"text":"that","start":9696.092,"end":9696.583},{"text":"should","start":9696.583,"end":9697.075},{"text":"be","start":9697.075,"end":9697.567},{"text":"channeled","start":9697.567,"end":9698.058},{"text":"into","start":9698.058,"end":9698.55},{"text":"SDG","start":9698.55,"end":9699.042},{"text":"implementation.","start":9699.042,"end":9699.533}]},{"text":"At a time when ODA has already fallen, Cambodia is absorbing an additional shock not of its making.","start":9699.533,"end":9708.383,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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international law.","start":9708.383,"end":9716.742,"topics":[],"words":[{"text":"Cambodia","start":9708.383,"end":9708.875},{"text":"has","start":9708.875,"end":9709.367},{"text":"pursued","start":9709.367,"end":9709.858},{"text":"a","start":9709.858,"end":9710.35},{"text":"peaceful","start":9710.35,"end":9710.842},{"text":"resolution","start":9710.842,"end":9711.333},{"text":"through","start":9711.333,"end":9711.825},{"text":"legitimate","start":9711.825,"end":9712.317},{"text":"channels","start":9712.317,"end":9712.808},{"text":"based","start":9712.808,"end":9713.3},{"text":"on","start":9713.3,"end":9713.792},{"text":"the","start":9713.792,"end":9714.283},{"text":"UN","start":9714.283,"end":9714.775},{"text":"Charter","start":9714.775,"end":9715.267},{"text":"and","start":9715.267,"end":9715.758},{"text":"international","start":9715.758,"end":9716.25},{"text":"law.","start":9716.25,"end":9716.742}]},{"text":"A ceasefire remains in effect as of March 2026, though sporadic incidents and threats remain.","start":9716.742,"end":9724.117,"topics":[],"words":[{"text":"A","start":9716.742,"end":9717.233},{"text":"ceasefire","start":9717.233,"end":9717.725},{"text":"remains","start":9717.725,"end":9718.217},{"text":"in","start":9718.217,"end":9718.708},{"text":"effect","start":9718.708,"end":9719.2},{"text":"as","start":9719.2,"end":9719.692},{"text":"of","start":9719.692,"end":9720.183},{"text":"March","start":9720.183,"end":9720.675},{"text":"2026,","start":9720.675,"end":9721.167},{"text":"though","start":9721.167,"end":9721.658},{"text":"sporadic","start":9721.658,"end":9722.15},{"text":"incidents","start":9722.15,"end":9722.642},{"text":"and","start":9722.642,"end":9723.133},{"text":"threats","start":9723.133,"end":9723.625},{"text":"remain.","start":9723.625,"end":9724.117}]},{"text":"Sustainable peace and sustainable development are 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into development financing frameworks, ensure that countries recovering from external aggression have access to concessional financing and debt relief without conditionalities, and support a just, durable and negotiated settlement that allows Cambodia to redirect resources to its people and its development commitments.","start":9732,"end":9764.097,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress 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remains committed to the Sevilla Commitment, but it will be meaningless without real change and political leadership from the international community.","start":9764.097,"end":9776.485,"topics":[],"words":[{"text":"Cambodia","start":9764.097,"end":9764.66},{"text":"remains","start":9764.66,"end":9765.223},{"text":"committed","start":9765.223,"end":9765.786},{"text":"to","start":9765.786,"end":9766.35},{"text":"the","start":9766.35,"end":9766.913},{"text":"Sevilla","start":9766.913,"end":9767.476},{"text":"Commitment,","start":9767.476,"end":9768.039},{"text":"but","start":9768.039,"end":9768.602},{"text":"it","start":9768.602,"end":9769.165},{"text":"will","start":9769.165,"end":9769.728},{"text":"be","start":9769.728,"end":9770.291},{"text":"meaningless","start":9770.291,"end":9770.854},{"text":"without","start":9770.854,"end":9771.417},{"text":"real","start":9771.417,"end":9771.981},{"text":"change","start":9771.981,"end":9772.544},{"text":"and","start":9772.544,"end":9773.107},{"text":"political","start":9773.107,"end":9773.67},{"text":"leadership","start":9773.67,"end":9774.233},{"text":"from","start":9774.233,"end":9774.796},{"text":"the","start":9774.796,"end":9775.359},{"text":"international","start":9775.359,"end":9775.922},{"text":"community.","start":9775.922,"end":9776.485}]},{"text":"We ask this forum to stand with Cambodia and to ensure that the promise of Sevilla is not lost to conflict.","start":9776.485,"end":9788.311,"topics":[],"words":[{"text":"We","start":9776.485,"end":9777.049},{"text":"ask","start":9777.049,"end":9777.612},{"text":"this","start":9777.612,"end":9778.175},{"text":"forum","start":9778.175,"end":9778.738},{"text":"to","start":9778.738,"end":9779.301},{"text":"stand","start":9779.301,"end":9779.864},{"text":"with","start":9779.864,"end":9780.427},{"text":"Cambodia","start":9780.427,"end":9780.99},{"text":"and","start":9780.99,"end":9781.553},{"text":"to","start":9781.553,"end":9782.117},{"text":"ensure","start":9782.117,"end":9782.68},{"text":"that","start":9782.68,"end":9783.243},{"text":"the","start":9783.243,"end":9783.806},{"text":"promise","start":9783.806,"end":9784.369},{"text":"of","start":9784.369,"end":9784.932},{"text":"Sevilla","start":9784.932,"end":9785.495},{"text":"is","start":9785.495,"end":9786.058},{"text":"not","start":9786.058,"end":9786.621},{"text":"lost","start":9786.621,"end":9787.184},{"text":"to","start":9787.184,"end":9787.748},{"text":"conflict.","start":9787.748,"end":9788.311}]},{"text":"I thank you.","start":9788.311,"end":9790,"topics":[],"words":[{"text":"I","start":9788.311,"end":9788.874},{"text":"thank","start":9788.874,"end":9789.437},{"text":"you.","start":9789.437,"end":9790}]}]}],"speaker":{"name":"Heng Sou","affiliation":"KHM","affiliation_full":"Cambodia","group":null,"function":"Deputy Secretary-General"}},{"statement_number":78,"paragraphs":[{"sentences":[{"text":"I thank the Deputy Secretary-General of the Cambodian Development Cooperation 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Arabia.","start":9797.176,"end":9808,"topics":[],"words":[{"text":"Now","start":9797.176,"end":9797.647},{"text":"I","start":9797.647,"end":9798.118},{"text":"give","start":9798.118,"end":9798.588},{"text":"the","start":9798.588,"end":9799.059},{"text":"floor","start":9799.059,"end":9799.529},{"text":"to","start":9799.529,"end":9800},{"text":"Mr.","start":9800,"end":9800.471},{"text":"Turki","start":9800.471,"end":9800.941},{"text":"Al-Balala,","start":9800.941,"end":9801.412},{"text":"Assistant","start":9801.412,"end":9801.882},{"text":"Deputy","start":9801.882,"end":9802.353},{"text":"Minister","start":9802.353,"end":9802.824},{"text":"for","start":9802.824,"end":9803.294},{"text":"International","start":9803.294,"end":9803.765},{"text":"Policy","start":9803.765,"end":9804.235},{"text":"and","start":9804.235,"end":9804.706},{"text":"Consultations,","start":9804.706,"end":9805.176},{"text":"Ministry","start":9805.176,"end":9805.647},{"text":"of","start":9805.647,"end":9806.118},{"text":"Finance","start":9806.118,"end":9806.588},{"text":"of","start":9806.588,"end":9807.059},{"text":"Saudi","start":9807.059,"end":9807.529},{"text":"Arabia.","start":9807.529,"end":9808}]}]}],"speaker":{"name":"Máximo 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is in light of the conflicts and economic development challenges that the world is witnessing.","start":9829.454,"end":9836.876,"topics":[],"words":[{"text":"This","start":9829.454,"end":9829.918},{"text":"is","start":9829.918,"end":9830.381},{"text":"in","start":9830.381,"end":9830.845},{"text":"light","start":9830.845,"end":9831.309},{"text":"of","start":9831.309,"end":9831.773},{"text":"the","start":9831.773,"end":9832.237},{"text":"conflicts","start":9832.237,"end":9832.701},{"text":"and","start":9832.701,"end":9833.165},{"text":"economic","start":9833.165,"end":9833.629},{"text":"development","start":9833.629,"end":9834.093},{"text":"challenges","start":9834.093,"end":9834.557},{"text":"that","start":9834.557,"end":9835.021},{"text":"the","start":9835.021,"end":9835.485},{"text":"world","start":9835.485,"end":9835.948},{"text":"is","start":9835.948,"end":9836.412},{"text":"witnessing.","start":9836.412,"end":9836.876}]},{"text":"The Kingdom plays a leading role in supporting international efforts for sustainable development and promoting regional and international economic 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is reflected in the direct development support provided by the Kingdom or through regional and international financial organizations where the Kingdom has provided since January 2020 nearly 38 billion US dollars.","start":9846.155,"end":9861,"topics":[],"words":[{"text":"This","start":9846.155,"end":9846.619},{"text":"is","start":9846.619,"end":9847.082},{"text":"reflected","start":9847.082,"end":9847.546},{"text":"in","start":9847.546,"end":9848.01},{"text":"the","start":9848.01,"end":9848.474},{"text":"direct","start":9848.474,"end":9848.938},{"text":"development","start":9848.938,"end":9849.402},{"text":"support","start":9849.402,"end":9849.866},{"text":"provided","start":9849.866,"end":9850.33},{"text":"by","start":9850.33,"end":9850.794},{"text":"the","start":9850.794,"end":9851.258},{"text":"Kingdom","start":9851.258,"end":9851.722},{"text":"or","start":9851.722,"end":9852.186},{"text":"through","start":9852.186,"end":9852.649},{"text":"regional","start":9852.649,"end":9853.113},{"text":"and","start":9853.113,"end":9853.577},{"text":"international","start":9853.577,"end":9854.041},{"text":"financial","start":9854.041,"end":9854.505},{"text":"organizations","start":9854.505,"end":9854.969},{"text":"where","start":9854.969,"end":9855.433},{"text":"the","start":9855.433,"end":9855.897},{"text":"Kingdom","start":9855.897,"end":9856.361},{"text":"has","start":9856.361,"end":9856.825},{"text":"provided","start":9856.825,"end":9857.289},{"text":"since","start":9857.289,"end":9857.753},{"text":"January","start":9857.753,"end":9858.216},{"text":"2020","start":9858.216,"end":9858.68},{"text":"nearly","start":9858.68,"end":9859.144},{"text":"38","start":9859.144,"end":9859.608},{"text":"billion","start":9859.608,"end":9860.072},{"text":"US","start":9860.072,"end":9860.536},{"text":"dollars.","start":9860.536,"end":9861}]}]},{"sentences":[{"text":"We are meeting today to strengthen international development efforts at a time when development gains face significant challenges aimed at undermining 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most prominent of these challenges are the unjustified attacks that targeted vital and civilian facilities in the Gulf Cooperation Council countries.","start":9871.625,"end":9881.25,"topics":[],"words":[{"text":"The","start":9871.625,"end":9872.063},{"text":"most","start":9872.063,"end":9872.5},{"text":"prominent","start":9872.5,"end":9872.938},{"text":"of","start":9872.938,"end":9873.375},{"text":"these","start":9873.375,"end":9873.813},{"text":"challenges","start":9873.813,"end":9874.25},{"text":"are","start":9874.25,"end":9874.688},{"text":"the","start":9874.688,"end":9875.125},{"text":"unjustified","start":9875.125,"end":9875.563},{"text":"attacks","start":9875.563,"end":9876},{"text":"that","start":9876,"end":9876.438},{"text":"targeted","start":9876.438,"end":9876.875},{"text":"vital","start":9876.875,"end":9877.313},{"text":"and","start":9877.313,"end":9877.75},{"text":"civilian","start":9877.75,"end":9878.188},{"text":"facilities","start":9878.188,"end":9878.625},{"text":"in","start":9878.625,"end":9879.063},{"text":"the","start":9879.063,"end":9879.5},{"text":"Gulf","start":9879.5,"end":9879.938},{"text":"Cooperation","start":9879.938,"end":9880.375},{"text":"Council","start":9880.375,"end":9880.813},{"text":"countries.","start":9880.813,"end":9881.25}]},{"text":"They had effects that spread to constitute a direct threat to global energy security and the safety of international navigation in a serious violation of international laws and 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since the Arab Gulf states carry a significant weight in the global economy, the conflict in the Middle East poses a threat to stability of the global economy and it prevents the achievement of these development goals by depleting resources instead of addressing the repercussions of crises and investing these in construction and prosperity.","start":9893.938,"end":9918,"topics":[],"words":[{"text":"And","start":9893.938,"end":9894.375},{"text":"since","start":9894.375,"end":9894.813},{"text":"the","start":9894.813,"end":9895.25},{"text":"Arab","start":9895.25,"end":9895.688},{"text":"Gulf","start":9895.688,"end":9896.125},{"text":"states","start":9896.125,"end":9896.563},{"text":"carry","start":9896.563,"end":9897},{"text":"a","start":9897,"end":9897.438},{"text":"significant","start":9897.438,"end":9897.875},{"text":"weight","start":9897.875,"end":9898.313},{"text":"in","start":9898.313,"end":9898.75},{"text":"the","start":9898.75,"end":9899.188},{"text":"global","start":9899.188,"end":9899.625},{"text":"economy,","start":9899.625,"end":9900.063},{"text":"the","start":9900.063,"end":9900.5},{"text":"conflict","start":9900.5,"end":9900.938},{"text":"in","start":9900.938,"end":9901.375},{"text":"the","start":9901.375,"end":9901.813},{"text":"Middle","start":9901.813,"end":9902.25},{"text":"East","start":9902.25,"end":9902.688},{"text":"poses","start":9902.688,"end":9903.125},{"text":"a","start":9903.125,"end":9903.563},{"text":"threat","start":9903.563,"end":9904},{"text":"to","start":9904,"end":9904.438},{"text":"stability","start":9904.438,"end":9904.875},{"text":"of","start":9904.875,"end":9905.313},{"text":"the","start":9905.313,"end":9905.75},{"text":"global","start":9905.75,"end":9906.188},{"text":"economy","start":9906.188,"end":9906.625},{"text":"and","start":9906.625,"end":9907.063},{"text":"it","start":9907.063,"end":9907.5},{"text":"prevents","start":9907.5,"end":9907.938},{"text":"the","start":9907.938,"end":9908.375},{"text":"achievement","start":9908.375,"end":9908.813},{"text":"of","start":9908.813,"end":9909.25},{"text":"these","start":9909.25,"end":9909.688},{"text":"development","start":9909.688,"end":9910.125},{"text":"goals","start":9910.125,"end":9910.563},{"text":"by","start":9910.563,"end":9911},{"text":"depleting","start":9911,"end":9911.438},{"text":"resources","start":9911.438,"end":9911.875},{"text":"instead","start":9911.875,"end":9912.313},{"text":"of","start":9912.313,"end":9912.75},{"text":"addressing","start":9912.75,"end":9913.188},{"text":"the","start":9913.188,"end":9913.625},{"text":"repercussions","start":9913.625,"end":9914.063},{"text":"of","start":9914.063,"end":9914.5},{"text":"crises","start":9914.5,"end":9914.938},{"text":"and","start":9914.938,"end":9915.375},{"text":"investing","start":9915.375,"end":9915.813},{"text":"these","start":9915.813,"end":9916.25},{"text":"in","start":9916.25,"end":9916.688},{"text":"construction","start":9916.688,"end":9917.125},{"text":"and","start":9917.125,"end":9917.563},{"text":"prosperity.","start":9917.563,"end":9918}]}]},{"sentences":[{"text":"From this rostrum, I would like to stress the four main themes within the outcomes of this meeting.","start":9919,"end":9926.02,"topics":[],"words":[{"text":"From","start":9919,"end":9919.39},{"text":"this","start":9919.39,"end":9919.78},{"text":"rostrum,","start":9919.78,"end":9920.17},{"text":"I","start":9920.17,"end":9920.56},{"text":"would","start":9920.56,"end":9920.95},{"text":"like","start":9920.95,"end":9921.34},{"text":"to","start":9921.34,"end":9921.73},{"text":"stress","start":9921.73,"end":9922.12},{"text":"the","start":9922.12,"end":9922.51},{"text":"four","start":9922.51,"end":9922.9},{"text":"main","start":9922.9,"end":9923.29},{"text":"themes","start":9923.29,"end":9923.68},{"text":"within","start":9923.68,"end":9924.07},{"text":"the","start":9924.07,"end":9924.46},{"text":"outcomes","start":9924.46,"end":9924.85},{"text":"of","start":9924.85,"end":9925.24},{"text":"this","start":9925.24,"end":9925.63},{"text":"meeting.","start":9925.63,"end":9926.02}]},{"text":"First, it is important to stress the need for stability in the Middle East with the need to protect civilians and fully abide by international law and principles of the Charter of the 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reforming the global financial architecture should enhance the effectiveness of the multilateral system, ensure a balance of rights and responsibilities and ensure the active participation of developing and low-income countries.","start":9939.28,"end":9951.37,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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we need to affirm comprehensive development for all, especially those countries that emerge from conflict and have a list of basic needs and a legitimate right to international development efforts, most notably the right of the Palestinian people to enhance livelihoods and achieve prosperity.","start":9951.37,"end":9968.92,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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while the Kingdom welcomes the effort made to produce the outcome document on the FfD forum, we reiterate our observations on some paragraphs in the Sevilla Commitment document and we have provided these in a formal and detailed 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closing, the Kingdom, proceeding from its international responsibility, will continue to play a constructive role in supporting collective effort towards a more just and sustainable global economic 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floor to Mr. Fahad Hamad Al-Sulaiti, Director General of the Qatar Fund for Development, to be followed by Costa Rica and 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Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":81,"paragraphs":[{"sentences":[{"text":"President, Your Excellencies, ladies and gentlemen.","start":10022,"end":10024.71,"topics":[],"words":[{"text":"President,","start":10022,"end":10022.452},{"text":"Your","start":10022.452,"end":10022.903},{"text":"Excellencies,","start":10022.903,"end":10023.355},{"text":"ladies","start":10023.355,"end":10023.806},{"text":"and","start":10023.806,"end":10024.258},{"text":"gentlemen.","start":10024.258,"end":10024.71}]},{"text":"First of all, Qatar would like to thank you for convening this forum on the follow-up to 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for us to assess the progress that has been made in the implementation of the Sevilla 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also stress the importance of investing in innovative solutions.","start":10112.185,"end":10117,"topics":[],"words":[{"text":"We","start":10112.185,"end":10112.667},{"text":"also","start":10112.667,"end":10113.148},{"text":"stress","start":10113.148,"end":10113.63},{"text":"the","start":10113.63,"end":10114.111},{"text":"importance","start":10114.111,"end":10114.593},{"text":"of","start":10114.593,"end":10115.074},{"text":"investing","start":10115.074,"end":10115.556},{"text":"in","start":10115.556,"end":10116.037},{"text":"innovative","start":10116.037,"end":10116.519},{"text":"solutions.","start":10116.519,"end":10117}]}]},{"sentences":[{"text":"President, we are concerned about the serious effects of conflict on development, notably in our region.","start":10118,"end":10129.826,"topics":[],"words":[{"text":"President,","start":10118,"end":10118.739},{"text":"we","start":10118.739,"end":10119.478},{"text":"are","start":10119.478,"end":10120.217},{"text":"concerned","start":10120.217,"end":10120.957},{"text":"about","start":10120.957,"end":10121.696},{"text":"the","start":10121.696,"end":10122.435},{"text":"serious","start":10122.435,"end":10123.174},{"text":"effects","start":10123.174,"end":10123.913},{"text":"of","start":10123.913,"end":10124.652},{"text":"conflict","start":10124.652,"end":10125.391},{"text":"on","start":10125.391,"end":10126.13},{"text":"development,","start":10126.13,"end":10126.87},{"text":"notably","start":10126.87,"end":10127.609},{"text":"in","start":10127.609,"end":10128.348},{"text":"our","start":10128.348,"end":10129.087},{"text":"region.","start":10129.087,"end":10129.826}]},{"text":"This includes the destruction of infrastructure and the destruction of the supply chain, which undermines our ability to attain the SDGs.","start":10129.826,"end":10145.348,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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also we also need to make sure that this vital infrastructure is protected.","start":10145.348,"end":10155.696,"topics":[{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential 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behind.","start":10155.696,"end":10167.522,"topics":[],"words":[{"text":"Qatar","start":10155.696,"end":10156.435},{"text":"will","start":10156.435,"end":10157.174},{"text":"work","start":10157.174,"end":10157.913},{"text":"with","start":10157.913,"end":10158.652},{"text":"its","start":10158.652,"end":10159.391},{"text":"partners","start":10159.391,"end":10160.13},{"text":"to","start":10160.13,"end":10160.87},{"text":"attain","start":10160.87,"end":10161.609},{"text":"the","start":10161.609,"end":10162.348},{"text":"SDGs","start":10162.348,"end":10163.087},{"text":"and","start":10163.087,"end":10163.826},{"text":"to","start":10163.826,"end":10164.565},{"text":"leave","start":10164.565,"end":10165.304},{"text":"no","start":10165.304,"end":10166.043},{"text":"one","start":10166.043,"end":10166.783},{"text":"behind.","start":10166.783,"end":10167.522}]},{"text":"Thank you.","start":10167.522,"end":10169,"topics":[],"words":[{"text":"Thank","start":10167.522,"end":10168.261},{"text":"you.","start":10168.261,"end":10169}]}]}],"speaker":{"name":"Fahad Al-Sulaiti","affiliation":"QFFD","affiliation_full":"QFFD","group":null,"function":"Director General"}},{"statement_number":82,"paragraphs":[{"sentences":[{"text":"I thank the Director General of the Qatar Fund for Development.","start":10171,"end":10175.513,"topics":[],"words":[{"text":"I","start":10171,"end":10171.41},{"text":"thank","start":10171.41,"end":10171.821},{"text":"the","start":10171.821,"end":10172.231},{"text":"Director","start":10172.231,"end":10172.641},{"text":"General","start":10172.641,"end":10173.051},{"text":"of","start":10173.051,"end":10173.462},{"text":"the","start":10173.462,"end":10173.872},{"text":"Qatar","start":10173.872,"end":10174.282},{"text":"Fund","start":10174.282,"end":10174.692},{"text":"for","start":10174.692,"end":10175.103},{"text":"Development.","start":10175.103,"end":10175.513}]},{"text":"Now I give the floor to Mr. Sergio Benecore Forneri, Director of International Cooperation, Ministry of Foreign Affairs of Costa Rica, to be followed by UK and France.","start":10175.513,"end":10187,"topics":[],"words":[{"text":"Now","start":10175.513,"end":10175.923},{"text":"I","start":10175.923,"end":10176.333},{"text":"give","start":10176.333,"end":10176.744},{"text":"the","start":10176.744,"end":10177.154},{"text":"floor","start":10177.154,"end":10177.564},{"text":"to","start":10177.564,"end":10177.974},{"text":"Mr.","start":10177.974,"end":10178.385},{"text":"Sergio","start":10178.385,"end":10178.795},{"text":"Benecore","start":10178.795,"end":10179.205},{"text":"Forneri,","start":10179.205,"end":10179.615},{"text":"Director","start":10179.615,"end":10180.026},{"text":"of","start":10180.026,"end":10180.436},{"text":"International","start":10180.436,"end":10180.846},{"text":"Cooperation,","start":10180.846,"end":10181.256},{"text":"Ministry","start":10181.256,"end":10181.667},{"text":"of","start":10181.667,"end":10182.077},{"text":"Foreign","start":10182.077,"end":10182.487},{"text":"Affairs","start":10182.487,"end":10182.897},{"text":"of","start":10182.897,"end":10183.308},{"text":"Costa","start":10183.308,"end":10183.718},{"text":"Rica,","start":10183.718,"end":10184.128},{"text":"to","start":10184.128,"end":10184.538},{"text":"be","start":10184.538,"end":10184.949},{"text":"followed","start":10184.949,"end":10185.359},{"text":"by","start":10185.359,"end":10185.769},{"text":"UK","start":10185.769,"end":10186.179},{"text":"and","start":10186.179,"end":10186.59},{"text":"France.","start":10186.59,"end":10187}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":83,"paragraphs":[{"sentences":[{"text":"Thank you, President.","start":10191,"end":10192.714,"topics":[],"words":[{"text":"Thank","start":10191,"end":10191.571},{"text":"you,","start":10191.571,"end":10192.143},{"text":"President.","start":10192.143,"end":10192.714}]},{"text":"The international financial architecture is facing today a decisive test of legitimacy and effectiveness.","start":10192.714,"end":10200.714,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"The","start":10192.714,"end":10193.286},{"text":"international","start":10193.286,"end":10193.857},{"text":"financial","start":10193.857,"end":10194.429},{"text":"architecture","start":10194.429,"end":10195},{"text":"is","start":10195,"end":10195.571},{"text":"facing","start":10195.571,"end":10196.143},{"text":"today","start":10196.143,"end":10196.714},{"text":"a","start":10196.714,"end":10197.286},{"text":"decisive","start":10197.286,"end":10197.857},{"text":"test","start":10197.857,"end":10198.429},{"text":"of","start":10198.429,"end":10199},{"text":"legitimacy","start":10199,"end":10199.571},{"text":"and","start":10199.571,"end":10200.143},{"text":"effectiveness.","start":10200.143,"end":10200.714}]},{"text":"The convergence of financial, climate, and social crises has exposed structural shortcomings in capital allocation, debt management, and the system's capacity to respond to sustainable development priorities.","start":10200.714,"end":10216.143,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align 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is not a crisis of resources, but of governance, access, and coherence.","start":10216.143,"end":10223.571,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"This","start":10216.143,"end":10216.714},{"text":"is","start":10216.714,"end":10217.286},{"text":"not","start":10217.286,"end":10217.857},{"text":"a","start":10217.857,"end":10218.429},{"text":"crisis","start":10218.429,"end":10219},{"text":"of","start":10219,"end":10219.571},{"text":"resources,","start":10219.571,"end":10220.143},{"text":"but","start":10220.143,"end":10220.714},{"text":"of","start":10220.714,"end":10221.286},{"text":"governance,","start":10221.286,"end":10221.857},{"text":"access,","start":10221.857,"end":10222.429},{"text":"and","start":10222.429,"end":10223},{"text":"coherence.","start":10223,"end":10223.571}]},{"text":"The Sevilla Commitment offers a concrete roadmap.","start":10223.571,"end":10227.571,"topics":[],"words":[{"text":"The","start":10223.571,"end":10224.143},{"text":"Sevilla","start":10224.143,"end":10224.714},{"text":"Commitment","start":10224.714,"end":10225.286},{"text":"offers","start":10225.286,"end":10225.857},{"text":"a","start":10225.857,"end":10226.429},{"text":"concrete","start":10226.429,"end":10227},{"text":"roadmap.","start":10227,"end":10227.571}]},{"text":"Its implementation must translate into operational decisions that correct distortions and generate measurable results.","start":10227.571,"end":10235.571,"topics":[],"words":[{"text":"Its","start":10227.571,"end":10228.143},{"text":"implementation","start":10228.143,"end":10228.714},{"text":"must","start":10228.714,"end":10229.286},{"text":"translate","start":10229.286,"end":10229.857},{"text":"into","start":10229.857,"end":10230.429},{"text":"operational","start":10230.429,"end":10231},{"text":"decisions","start":10231,"end":10231.571},{"text":"that","start":10231.571,"end":10232.143},{"text":"correct","start":10232.143,"end":10232.714},{"text":"distortions","start":10232.714,"end":10233.286},{"text":"and","start":10233.286,"end":10233.857},{"text":"generate","start":10233.857,"end":10234.429},{"text":"measurable","start":10234.429,"end":10235},{"text":"results.","start":10235,"end":10235.571}]},{"text":"Allow me to highlight three priorities.","start":10235.571,"end":10239,"topics":[],"words":[{"text":"Allow","start":10235.571,"end":10236.143},{"text":"me","start":10236.143,"end":10236.714},{"text":"to","start":10236.714,"end":10237.286},{"text":"highlight","start":10237.286,"end":10237.857},{"text":"three","start":10237.857,"end":10238.429},{"text":"priorities.","start":10238.429,"end":10239}]}]},{"sentences":[{"text":"First, closing the financing gap requires rebalancing the cost of and access to capital.","start":10240,"end":10247.467,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and 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their fiscal space.","start":10247.467,"end":10257.067,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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also need to mobilize resources from the private sector.","start":10270.933,"end":10276.267,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing costs."}],"words":[{"text":"We","start":10270.933,"end":10271.467},{"text":"also","start":10271.467,"end":10272},{"text":"need","start":10272,"end":10272.533},{"text":"to","start":10272.533,"end":10273.067},{"text":"mobilize","start":10273.067,"end":10273.6},{"text":"resources","start":10273.6,"end":10274.133},{"text":"from","start":10274.133,"end":10274.667},{"text":"the","start":10274.667,"end":10275.2},{"text":"private","start":10275.2,"end":10275.733},{"text":"sector.","start":10275.733,"end":10276.267}]},{"text":"We also need to have multi-stakeholder 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trust.","start":10333.579,"end":10336.281,"topics":[],"words":[{"text":"Inaction","start":10333.579,"end":10333.965},{"text":"entrenches","start":10333.965,"end":10334.351},{"text":"inequalities","start":10334.351,"end":10334.737},{"text":"and","start":10334.737,"end":10335.123},{"text":"it","start":10335.123,"end":10335.509},{"text":"erodes","start":10335.509,"end":10335.895},{"text":"trust.","start":10335.895,"end":10336.281}]},{"text":"Implementing the Sevilla Commitment is not optional.","start":10336.281,"end":10338.982,"topics":[],"words":[{"text":"Implementing","start":10336.281,"end":10336.667},{"text":"the","start":10336.667,"end":10337.053},{"text":"Sevilla","start":10337.053,"end":10337.439},{"text":"Commitment","start":10337.439,"end":10337.825},{"text":"is","start":10337.825,"end":10338.211},{"text":"not","start":10338.211,"end":10338.596},{"text":"optional.","start":10338.596,"end":10338.982}]},{"text":"It is a political obligation and a condition for global 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Cooperation"}},{"statement_number":84,"paragraphs":[{"sentences":[{"text":"I thank the Director of International Cooperation, Ministry of Foreign Affairs of Costa Rica.","start":10346,"end":10351,"topics":[],"words":[{"text":"I","start":10346,"end":10346.357},{"text":"thank","start":10346.357,"end":10346.714},{"text":"the","start":10346.714,"end":10347.071},{"text":"Director","start":10347.071,"end":10347.429},{"text":"of","start":10347.429,"end":10347.786},{"text":"International","start":10347.786,"end":10348.143},{"text":"Cooperation,","start":10348.143,"end":10348.5},{"text":"Ministry","start":10348.5,"end":10348.857},{"text":"of","start":10348.857,"end":10349.214},{"text":"Foreign","start":10349.214,"end":10349.571},{"text":"Affairs","start":10349.571,"end":10349.929},{"text":"of","start":10349.929,"end":10350.286},{"text":"Costa","start":10350.286,"end":10350.643},{"text":"Rica.","start":10350.643,"end":10351}]},{"text":"Now I give the floor to Mr. Phil Stephens, Director International Finance of United Kingdom of Great Britain and Northern Ireland, to be followed by France and Zambia.","start":10351,"end":10361,"topics":[],"words":[{"text":"Now","start":10351,"end":10351.357},{"text":"I","start":10351.357,"end":10351.714},{"text":"give","start":10351.714,"end":10352.071},{"text":"the","start":10352.071,"end":10352.429},{"text":"floor","start":10352.429,"end":10352.786},{"text":"to","start":10352.786,"end":10353.143},{"text":"Mr.","start":10353.143,"end":10353.5},{"text":"Phil","start":10353.5,"end":10353.857},{"text":"Stephens,","start":10353.857,"end":10354.214},{"text":"Director","start":10354.214,"end":10354.571},{"text":"International","start":10354.571,"end":10354.929},{"text":"Finance","start":10354.929,"end":10355.286},{"text":"of","start":10355.286,"end":10355.643},{"text":"United","start":10355.643,"end":10356},{"text":"Kingdom","start":10356,"end":10356.357},{"text":"of","start":10356.357,"end":10356.714},{"text":"Great","start":10356.714,"end":10357.071},{"text":"Britain","start":10357.071,"end":10357.429},{"text":"and","start":10357.429,"end":10357.786},{"text":"Northern","start":10357.786,"end":10358.143},{"text":"Ireland,","start":10358.143,"end":10358.5},{"text":"to","start":10358.5,"end":10358.857},{"text":"be","start":10358.857,"end":10359.214},{"text":"followed","start":10359.214,"end":10359.571},{"text":"by","start":10359.571,"end":10359.929},{"text":"France","start":10359.929,"end":10360.286},{"text":"and","start":10360.286,"end":10360.643},{"text":"Zambia.","start":10360.643,"end":10361}]}]}],"speaker":{"name":"Máximo 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will be key opportunities for us to come together and make progress on tackling these 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President of the French Republic in Sevilla reminded us of our priorities for financing for development, including those that are part of the 4P Pact, Pact for the Prosperity, People and the 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rare and needs are increasing, we must better use available 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the fragmentation of aid, better coordinate between ourselves and maximize our effectiveness and 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Kenya in May, and the Evian Summit in June, we will reaffirm our support for the implementation of mutually beneficial international partnerships, as well as our commitment for solidarity, particularly towards most vulnerable 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question of solidarity is at the heart of our presidency of the G7, and this is reflected in four 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is a new approach to development based on partnerships, which means that we need to rethink our methods and work together in a 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one last word on debt.","start":10750.571,"end":10752.937,"topics":[],"words":[{"text":"Finally,","start":10750.571,"end":10750.966},{"text":"one","start":10750.966,"end":10751.36},{"text":"last","start":10751.36,"end":10751.754},{"text":"word","start":10751.754,"end":10752.149},{"text":"on","start":10752.149,"end":10752.543},{"text":"debt.","start":10752.543,"end":10752.937}]},{"text":"We have collectively agreed the need to improve international architecture, and to do this we need to strengthen existing frameworks, capitalize on expertise and work towards more transparency.","start":10752.937,"end":10763.977,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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also need to respond to the increasing cost of servicing debt and difficulties in access to liquidity.","start":10775.806,"end":10782.903,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical 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us to address this.","start":10782.903,"end":10789.211,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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you.","start":10789.211,"end":10790,"topics":[],"words":[{"text":"Thank","start":10789.211,"end":10789.606},{"text":"you.","start":10789.606,"end":10790}]}]}],"speaker":{"name":"Thomas Revial","affiliation":"FRA","affiliation_full":"France","group":null,"function":"Assistant Secretary"}},{"statement_number":88,"paragraphs":[{"sentences":[{"text":"I thank the Assistant Secretary of the French Treasury.","start":10792,"end":10795.857,"topics":[],"words":[{"text":"I","start":10792,"end":10792.429},{"text":"thank","start":10792.429,"end":10792.857},{"text":"the","start":10792.857,"end":10793.286},{"text":"Assistant","start":10793.286,"end":10793.714},{"text":"Secretary","start":10793.714,"end":10794.143},{"text":"of","start":10794.143,"end":10794.571},{"text":"the","start":10794.571,"end":10795},{"text":"French","start":10795,"end":10795.429},{"text":"Treasury.","start":10795.429,"end":10795.857}]},{"text":"Now I give the floor to Ms. Prudence Kaoma, Permanent Secretary Ministry of Finance and National Planning of Zambia, to be followed by Nigeria and Guatemala.","start":10795.857,"end":10807,"topics":[],"words":[{"text":"Now","start":10795.857,"end":10796.286},{"text":"I","start":10796.286,"end":10796.714},{"text":"give","start":10796.714,"end":10797.143},{"text":"the","start":10797.143,"end":10797.571},{"text":"floor","start":10797.571,"end":10798},{"text":"to","start":10798,"end":10798.429},{"text":"Ms.","start":10798.429,"end":10798.857},{"text":"Prudence","start":10798.857,"end":10799.286},{"text":"Kaoma,","start":10799.286,"end":10799.714},{"text":"Permanent","start":10799.714,"end":10800.143},{"text":"Secretary","start":10800.143,"end":10800.571},{"text":"Ministry","start":10800.571,"end":10801},{"text":"of","start":10801,"end":10801.429},{"text":"Finance","start":10801.429,"end":10801.857},{"text":"and","start":10801.857,"end":10802.286},{"text":"National","start":10802.286,"end":10802.714},{"text":"Planning","start":10802.714,"end":10803.143},{"text":"of","start":10803.143,"end":10803.571},{"text":"Zambia,","start":10803.571,"end":10804},{"text":"to","start":10804,"end":10804.429},{"text":"be","start":10804.429,"end":10804.857},{"text":"followed","start":10804.857,"end":10805.286},{"text":"by","start":10805.286,"end":10805.714},{"text":"Nigeria","start":10805.714,"end":10806.143},{"text":"and","start":10806.143,"end":10806.571},{"text":"Guatemala.","start":10806.571,"end":10807}]}]}],"speaker":{"name":"Máximo 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geo-economic and political tensions and resultant high cost of energy, coupled with climate impacts, are having significant negative effects on the performance of our 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advancing momentum for implementation of the Sevilla Commitment, we recognize the efforts that are already taking 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equally underline the importance of preserving the multilateral trading system, which is driving our economic growth and we call for implementation of those commitments made in 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remains committed to the implementation of the Sevilla Commitment and continues strengthening efforts to enhance domestic resource mobilization to implement our national and global development agenda.","start":11021.923,"end":11034.385,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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call on continued support and solidarity, anchored on multilateralism, as we jointly work towards implementation of our development 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thank you.","start":11043.615,"end":11045,"topics":[],"words":[{"text":"I","start":11043.615,"end":11044.077},{"text":"thank","start":11044.077,"end":11044.538},{"text":"you.","start":11044.538,"end":11045}]}]}],"speaker":{"name":"Prudence Kaoma","affiliation":"ZMB","affiliation_full":"Zambia","group":null,"function":"Permanent Secretary"}},{"statement_number":90,"paragraphs":[{"sentences":[{"text":"I thank the Permanent Secretary at the Ministry of Finance and National Planning of Zambia.","start":11047,"end":11053.667,"topics":[],"words":[{"text":"I","start":11047,"end":11047.444},{"text":"thank","start":11047.444,"end":11047.889},{"text":"the","start":11047.889,"end":11048.333},{"text":"Permanent","start":11048.333,"end":11048.778},{"text":"Secretary","start":11048.778,"end":11049.222},{"text":"at","start":11049.222,"end":11049.667},{"text":"the","start":11049.667,"end":11050.111},{"text":"Ministry","start":11050.111,"end":11050.556},{"text":"of","start":11050.556,"end":11051},{"text":"Finance","start":11051,"end":11051.444},{"text":"and","start":11051.444,"end":11051.889},{"text":"National","start":11051.889,"end":11052.333},{"text":"Planning","start":11052.333,"end":11052.778},{"text":"of","start":11052.778,"end":11053.222},{"text":"Zambia.","start":11053.222,"end":11053.667}]},{"text":"Now I give the floor to Ms. Sanade Adeokoli, Special Adviser to the President on Finance and the Economy of Nigeria.","start":11053.667,"end":11063,"topics":[],"words":[{"text":"Now","start":11053.667,"end":11054.111},{"text":"I","start":11054.111,"end":11054.556},{"text":"give","start":11054.556,"end":11055},{"text":"the","start":11055,"end":11055.444},{"text":"floor","start":11055.444,"end":11055.889},{"text":"to","start":11055.889,"end":11056.333},{"text":"Ms.","start":11056.333,"end":11056.778},{"text":"Sanade","start":11056.778,"end":11057.222},{"text":"Adeokoli,","start":11057.222,"end":11057.667},{"text":"Special","start":11057.667,"end":11058.111},{"text":"Adviser","start":11058.111,"end":11058.556},{"text":"to","start":11058.556,"end":11059},{"text":"the","start":11059,"end":11059.444},{"text":"President","start":11059.444,"end":11059.889},{"text":"on","start":11059.889,"end":11060.333},{"text":"Finance","start":11060.333,"end":11060.778},{"text":"and","start":11060.778,"end":11061.222},{"text":"the","start":11061.222,"end":11061.667},{"text":"Economy","start":11061.667,"end":11062.111},{"text":"of","start":11062.111,"end":11062.556},{"text":"Nigeria.","start":11062.556,"end":11063}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":91,"paragraphs":[{"sentences":[{"text":"Excellencies, distinguished delegates.","start":11065,"end":11066.962,"topics":[],"words":[{"text":"Excellencies,","start":11065,"end":11065.654},{"text":"distinguished","start":11065.654,"end":11066.308},{"text":"delegates.","start":11066.308,"end":11066.962}]},{"text":"Nigeria believes that this forum is coming at a most critical moment for the global economy.","start":11066.962,"end":11077.429,"topics":[],"words":[{"text":"Nigeria","start":11066.962,"end":11067.617},{"text":"believes","start":11067.617,"end":11068.271},{"text":"that","start":11068.271,"end":11068.925},{"text":"this","start":11068.925,"end":11069.579},{"text":"forum","start":11069.579,"end":11070.233},{"text":"is","start":11070.233,"end":11070.887},{"text":"coming","start":11070.887,"end":11071.541},{"text":"at","start":11071.541,"end":11072.195},{"text":"a","start":11072.195,"end":11072.85},{"text":"most","start":11072.85,"end":11073.504},{"text":"critical","start":11073.504,"end":11074.158},{"text":"moment","start":11074.158,"end":11074.812},{"text":"for","start":11074.812,"end":11075.466},{"text":"the","start":11075.466,"end":11076.12},{"text":"global","start":11076.12,"end":11076.774},{"text":"economy.","start":11076.774,"end":11077.429}]},{"text":"The outcome of the fourth international conference on financing for development provided a useful roadmap for addressing the widening financing gap for sustainable development.","start":11077.429,"end":11093.128,"topics":[],"words":[{"text":"The","start":11077.429,"end":11078.083},{"text":"outcome","start":11078.083,"end":11078.737},{"text":"of","start":11078.737,"end":11079.391},{"text":"the","start":11079.391,"end":11080.045},{"text":"fourth","start":11080.045,"end":11080.699},{"text":"international","start":11080.699,"end":11081.353},{"text":"conference","start":11081.353,"end":11082.008},{"text":"on","start":11082.008,"end":11082.662},{"text":"financing","start":11082.662,"end":11083.316},{"text":"for","start":11083.316,"end":11083.97},{"text":"development","start":11083.97,"end":11084.624},{"text":"provided","start":11084.624,"end":11085.278},{"text":"a","start":11085.278,"end":11085.932},{"text":"useful","start":11085.932,"end":11086.586},{"text":"roadmap","start":11086.586,"end":11087.241},{"text":"for","start":11087.241,"end":11087.895},{"text":"addressing","start":11087.895,"end":11088.549},{"text":"the","start":11088.549,"end":11089.203},{"text":"widening","start":11089.203,"end":11089.857},{"text":"financing","start":11089.857,"end":11090.511},{"text":"gap","start":11090.511,"end":11091.165},{"text":"for","start":11091.165,"end":11091.82},{"text":"sustainable","start":11091.82,"end":11092.474},{"text":"development.","start":11092.474,"end":11093.128}]},{"text":"However, implementation has been slow, and the lived reality for developing countries has not materially improved.","start":11093.128,"end":11103.594,"topics":[],"words":[{"text":"However,","start":11093.128,"end":11093.782},{"text":"implementation","start":11093.782,"end":11094.436},{"text":"has","start":11094.436,"end":11095.09},{"text":"been","start":11095.09,"end":11095.744},{"text":"slow,","start":11095.744,"end":11096.398},{"text":"and","start":11096.398,"end":11097.053},{"text":"the","start":11097.053,"end":11097.707},{"text":"lived","start":11097.707,"end":11098.361},{"text":"reality","start":11098.361,"end":11099.015},{"text":"for","start":11099.015,"end":11099.669},{"text":"developing","start":11099.669,"end":11100.323},{"text":"countries","start":11100.323,"end":11100.977},{"text":"has","start":11100.977,"end":11101.632},{"text":"not","start":11101.632,"end":11102.286},{"text":"materially","start":11102.286,"end":11102.94},{"text":"improved.","start":11102.94,"end":11103.594}]},{"text":"Urgency must now define our collective action.","start":11103.594,"end":11108.173,"topics":[],"words":[{"text":"Urgency","start":11103.594,"end":11104.248},{"text":"must","start":11104.248,"end":11104.902},{"text":"now","start":11104.902,"end":11105.556},{"text":"define","start":11105.556,"end":11106.211},{"text":"our","start":11106.211,"end":11106.865},{"text":"collective","start":11106.865,"end":11107.519},{"text":"action.","start":11107.519,"end":11108.173}]},{"text":"Developing countries continue to operate within an international financial architecture that does not adequately reflect their needs, vulnerabilities, or voices.","start":11108.173,"end":11121.256,"topics":[],"words":[{"text":"Developing","start":11108.173,"end":11108.827},{"text":"countries","start":11108.827,"end":11109.481},{"text":"continue","start":11109.481,"end":11110.135},{"text":"to","start":11110.135,"end":11110.789},{"text":"operate","start":11110.789,"end":11111.444},{"text":"within","start":11111.444,"end":11112.098},{"text":"an","start":11112.098,"end":11112.752},{"text":"international","start":11112.752,"end":11113.406},{"text":"financial","start":11113.406,"end":11114.06},{"text":"architecture","start":11114.06,"end":11114.714},{"text":"that","start":11114.714,"end":11115.368},{"text":"does","start":11115.368,"end":11116.023},{"text":"not","start":11116.023,"end":11116.677},{"text":"adequately","start":11116.677,"end":11117.331},{"text":"reflect","start":11117.331,"end":11117.985},{"text":"their","start":11117.985,"end":11118.639},{"text":"needs,","start":11118.639,"end":11119.293},{"text":"vulnerabilities,","start":11119.293,"end":11119.947},{"text":"or","start":11119.947,"end":11120.602},{"text":"voices.","start":11120.602,"end":11121.256}]},{"text":"Meaningful reform is overdue.","start":11121.256,"end":11123.872,"topics":[],"words":[{"text":"Meaningful","start":11121.256,"end":11121.91},{"text":"reform","start":11121.91,"end":11122.564},{"text":"is","start":11122.564,"end":11123.218},{"text":"overdue.","start":11123.218,"end":11123.872}]},{"text":"This includes enhanced representation and voting power for developing countries in international financial institutions, as well as equitable access to global financial safety nets, including liquidity support and swap arrangements that remain largely inaccessible to most countries in Africa and the EMDE regions.","start":11123.872,"end":11152,"topics":[],"words":[{"text":"This","start":11123.872,"end":11124.526},{"text":"includes","start":11124.526,"end":11125.18},{"text":"enhanced","start":11125.18,"end":11125.835},{"text":"representation","start":11125.835,"end":11126.489},{"text":"and","start":11126.489,"end":11127.143},{"text":"voting","start":11127.143,"end":11127.797},{"text":"power","start":11127.797,"end":11128.451},{"text":"for","start":11128.451,"end":11129.105},{"text":"developing","start":11129.105,"end":11129.759},{"text":"countries","start":11129.759,"end":11130.414},{"text":"in","start":11130.414,"end":11131.068},{"text":"international","start":11131.068,"end":11131.722},{"text":"financial","start":11131.722,"end":11132.376},{"text":"institutions,","start":11132.376,"end":11133.03},{"text":"as","start":11133.03,"end":11133.684},{"text":"well","start":11133.684,"end":11134.338},{"text":"as","start":11134.338,"end":11134.992},{"text":"equitable","start":11134.992,"end":11135.647},{"text":"access","start":11135.647,"end":11136.301},{"text":"to","start":11136.301,"end":11136.955},{"text":"global","start":11136.955,"end":11137.609},{"text":"financial","start":11137.609,"end":11138.263},{"text":"safety","start":11138.263,"end":11138.917},{"text":"nets,","start":11138.917,"end":11139.571},{"text":"including","start":11139.571,"end":11140.226},{"text":"liquidity","start":11140.226,"end":11140.88},{"text":"support","start":11140.88,"end":11141.534},{"text":"and","start":11141.534,"end":11142.188},{"text":"swap","start":11142.188,"end":11142.842},{"text":"arrangements","start":11142.842,"end":11143.496},{"text":"that","start":11143.496,"end":11144.15},{"text":"remain","start":11144.15,"end":11144.805},{"text":"largely","start":11144.805,"end":11145.459},{"text":"inaccessible","start":11145.459,"end":11146.113},{"text":"to","start":11146.113,"end":11146.767},{"text":"most","start":11146.767,"end":11147.421},{"text":"countries","start":11147.421,"end":11148.075},{"text":"in","start":11148.075,"end":11148.729},{"text":"Africa","start":11148.729,"end":11149.383},{"text":"and","start":11149.383,"end":11150.038},{"text":"the","start":11150.038,"end":11150.692},{"text":"EMDE","start":11150.692,"end":11151.346},{"text":"regions.","start":11151.346,"end":11152}]}]},{"sentences":[{"text":"Indeed, access to affordable development finance remains a central constraint.","start":11153,"end":11157.609,"topics":[],"words":[{"text":"Indeed,","start":11153,"end":11153.461},{"text":"access","start":11153.461,"end":11153.922},{"text":"to","start":11153.922,"end":11154.383},{"text":"affordable","start":11154.383,"end":11154.844},{"text":"development","start":11154.844,"end":11155.305},{"text":"finance","start":11155.305,"end":11155.766},{"text":"remains","start":11155.766,"end":11156.227},{"text":"a","start":11156.227,"end":11156.688},{"text":"central","start":11156.688,"end":11157.148},{"text":"constraint.","start":11157.148,"end":11157.609}]},{"text":"Concessional resources from multilateral development banks are insufficient relative to the needs, compelling countries to rely on commercial borrowing at prohibitively high costs.","start":11157.609,"end":11168.211,"topics":[],"words":[{"text":"Concessional","start":11157.609,"end":11158.07},{"text":"resources","start":11158.07,"end":11158.531},{"text":"from","start":11158.531,"end":11158.992},{"text":"multilateral","start":11158.992,"end":11159.453},{"text":"development","start":11159.453,"end":11159.914},{"text":"banks","start":11159.914,"end":11160.375},{"text":"are","start":11160.375,"end":11160.836},{"text":"insufficient","start":11160.836,"end":11161.297},{"text":"relative","start":11161.297,"end":11161.758},{"text":"to","start":11161.758,"end":11162.219},{"text":"the","start":11162.219,"end":11162.68},{"text":"needs,","start":11162.68,"end":11163.141},{"text":"compelling","start":11163.141,"end":11163.602},{"text":"countries","start":11163.602,"end":11164.063},{"text":"to","start":11164.063,"end":11164.523},{"text":"rely","start":11164.523,"end":11164.984},{"text":"on","start":11164.984,"end":11165.445},{"text":"commercial","start":11165.445,"end":11165.906},{"text":"borrowing","start":11165.906,"end":11166.367},{"text":"at","start":11166.367,"end":11166.828},{"text":"prohibitively","start":11166.828,"end":11167.289},{"text":"high","start":11167.289,"end":11167.75},{"text":"costs.","start":11167.75,"end":11168.211}]},{"text":"Mr. President, the growing debt burden across developing countries remains a major impediment to sustainable development.","start":11168.211,"end":11175.586,"topics":[],"words":[{"text":"Mr.","start":11168.211,"end":11168.672},{"text":"President,","start":11168.672,"end":11169.133},{"text":"the","start":11169.133,"end":11169.594},{"text":"growing","start":11169.594,"end":11170.055},{"text":"debt","start":11170.055,"end":11170.516},{"text":"burden","start":11170.516,"end":11170.977},{"text":"across","start":11170.977,"end":11171.438},{"text":"developing","start":11171.438,"end":11171.898},{"text":"countries","start":11171.898,"end":11172.359},{"text":"remains","start":11172.359,"end":11172.82},{"text":"a","start":11172.82,"end":11173.281},{"text":"major","start":11173.281,"end":11173.742},{"text":"impediment","start":11173.742,"end":11174.203},{"text":"to","start":11174.203,"end":11174.664},{"text":"sustainable","start":11174.664,"end":11175.125},{"text":"development.","start":11175.125,"end":11175.586}]},{"text":"Rising debt service obligations are crowding out critical investments in health, education, infrastructure, and climate resilience, and this is a matter that has been mentioned by many other countries.","start":11175.586,"end":11188.953,"topics":[],"words":[{"text":"Rising","start":11175.586,"end":11176.047},{"text":"debt","start":11176.047,"end":11176.508},{"text":"service","start":11176.508,"end":11176.969},{"text":"obligations","start":11176.969,"end":11177.43},{"text":"are","start":11177.43,"end":11177.891},{"text":"crowding","start":11177.891,"end":11178.352},{"text":"out","start":11178.352,"end":11178.813},{"text":"critical","start":11178.813,"end":11179.273},{"text":"investments","start":11179.273,"end":11179.734},{"text":"in","start":11179.734,"end":11180.195},{"text":"health,","start":11180.195,"end":11180.656},{"text":"education,","start":11180.656,"end":11181.117},{"text":"infrastructure,","start":11181.117,"end":11181.578},{"text":"and","start":11181.578,"end":11182.039},{"text":"climate","start":11182.039,"end":11182.5},{"text":"resilience,","start":11182.5,"end":11182.961},{"text":"and","start":11182.961,"end":11183.422},{"text":"this","start":11183.422,"end":11183.883},{"text":"is","start":11183.883,"end":11184.344},{"text":"a","start":11184.344,"end":11184.805},{"text":"matter","start":11184.805,"end":11185.266},{"text":"that","start":11185.266,"end":11185.727},{"text":"has","start":11185.727,"end":11186.188},{"text":"been","start":11186.188,"end":11186.648},{"text":"mentioned","start":11186.648,"end":11187.109},{"text":"by","start":11187.109,"end":11187.57},{"text":"many","start":11187.57,"end":11188.031},{"text":"other","start":11188.031,"end":11188.492},{"text":"countries.","start":11188.492,"end":11188.953}]},{"text":"While we welcome ongoing efforts to strengthen debt transparency and management, including the World Bank's debtor reporting system and capacity building initiatives by IMF and UNCTAD and others, these must be complemented by more effective and timely debt resolution mechanisms, including improved creditor coordination and greater participation of private 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also commend the launch of the Borrowers' Platform, which offers a valuable avenue for peer learning and collective engagement among debtor 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the national level, Nigeria has undertaken significant reforms to strengthen domestic resource mobilization, anchored within a broader commitment to advancing integrated 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a tool for aligning financing policies with sustainable development priorities.","start":11234.511,"end":11239.655,"topics":[],"words":[{"text":"As","start":11234.511,"end":11234.978},{"text":"a","start":11234.978,"end":11235.446},{"text":"tool","start":11235.446,"end":11235.914},{"text":"for","start":11235.914,"end":11236.381},{"text":"aligning","start":11236.381,"end":11236.849},{"text":"financing","start":11236.849,"end":11237.317},{"text":"policies","start":11237.317,"end":11237.784},{"text":"with","start":11237.784,"end":11238.252},{"text":"sustainable","start":11238.252,"end":11238.719},{"text":"development","start":11238.719,"end":11239.187},{"text":"priorities.","start":11239.187,"end":11239.655}]},{"text":"The recent enactment of four major tax reform laws aims to broaden the tax base, streamline compliance, reduce the burden on small businesses and low income earners, and enhance 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underscore that the development challenges facing EMDEs, particularly in Africa, are not incremental.","start":11253.683,"end":11260.23,"topics":[],"words":[{"text":"We","start":11253.683,"end":11254.151},{"text":"underscore","start":11254.151,"end":11254.619},{"text":"that","start":11254.619,"end":11255.086},{"text":"the","start":11255.086,"end":11255.554},{"text":"development","start":11255.554,"end":11256.022},{"text":"challenges","start":11256.022,"end":11256.489},{"text":"facing","start":11256.489,"end":11256.957},{"text":"EMDEs,","start":11256.957,"end":11257.424},{"text":"particularly","start":11257.424,"end":11257.892},{"text":"in","start":11257.892,"end":11258.36},{"text":"Africa,","start":11258.36,"end":11258.827},{"text":"are","start":11258.827,"end":11259.295},{"text":"not","start":11259.295,"end":11259.763},{"text":"incremental.","start":11259.763,"end":11260.23}]},{"text":"They're structural and 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thank you.","start":11276.597,"end":11278,"topics":[],"words":[{"text":"I","start":11276.597,"end":11277.065},{"text":"thank","start":11277.065,"end":11277.532},{"text":"you.","start":11277.532,"end":11278}]}]}],"speaker":{"name":"Sanade Adeokoli","affiliation":"NGA","affiliation_full":"Nigeria","group":null,"function":"Special Adviser to the President"}},{"statement_number":92,"paragraphs":[{"sentences":[{"text":"I thank the Special Adviser to the President on Finance and the Economy of Nigeria.","start":11287,"end":11292.714,"topics":[],"words":[{"text":"I","start":11287,"end":11287.381},{"text":"thank","start":11287.381,"end":11287.762},{"text":"the","start":11287.762,"end":11288.143},{"text":"Special","start":11288.143,"end":11288.524},{"text":"Adviser","start":11288.524,"end":11288.905},{"text":"to","start":11288.905,"end":11289.286},{"text":"the","start":11289.286,"end":11289.667},{"text":"President","start":11289.667,"end":11290.048},{"text":"on","start":11290.048,"end":11290.429},{"text":"Finance","start":11290.429,"end":11290.81},{"text":"and","start":11290.81,"end":11291.19},{"text":"the","start":11291.19,"end":11291.571},{"text":"Economy","start":11291.571,"end":11291.952},{"text":"of","start":11291.952,"end":11292.333},{"text":"Nigeria.","start":11292.333,"end":11292.714}]},{"text":"Now I give the floor to Ms. Nancy Ramirez, Director of Cooperation at the Ministry of Foreign Affairs of Guatemala, to be followed by Tanzania and 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Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":93,"paragraphs":[{"sentences":[{"text":"Thank you, President. Distinguished delegations.","start":8296,"end":8297.36,"topics":[],"words":[{"text":"Thank","start":8296,"end":8296.272},{"text":"you,","start":8296.272,"end":8296.544},{"text":"President.","start":8296.544,"end":8296.816},{"text":"Distinguished","start":8296.816,"end":8297.088},{"text":"delegations.","start":8297.088,"end":8297.36}]},{"text":"Financing for development doesn't just mean discussing figures, it means first of all speaking about people, real opportunities and our capacity to guarantee dignity, equity and sustainable 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a global backdrop that is increasingly complex, we note and are pleased to see the organization of the 2026 FfD forum as a key forum for us to follow up the Sevilla Commitments and for us to reaffirm our commitment to robust, inclusive, action-oriented 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a few years before the 2030 deadline, it is it is clear that the financing gaps continue to exist and are even 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developing countries are facing persistent economic challenges, including entrenched inequality, the persistence of debt and unequal access to concessional finance, even though we account for a major share of the number of people living in poverty.","start":8324.016,"end":8334.08,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income 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welcome this forum's discussions on debt and the stability of the international system as critical fora that can allow us to come up with structural solutions to these problems.","start":8370.528,"end":8378.688,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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is also a role for science, technology and digital innovation as key parts of our ability to achieve development, as long as it goes hand in hand with national capacity building as well as territorial 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are committed to the effective implementation of the Sevilla Commitment and to the transformation of this forum into an instrument that can connect global decisions into real impact for people's 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you.","start":8397.456,"end":8398,"topics":[],"words":[{"text":"Thank","start":8397.456,"end":8397.728},{"text":"you.","start":8397.728,"end":8398}]}]}],"speaker":{"name":"Nancy Ramirez","affiliation":"GTM","affiliation_full":"Guatemala","group":null,"function":"Director of Cooperation"}},{"statement_number":94,"paragraphs":[{"sentences":[{"text":"I thank the Director of Cooperation at the Ministry of Foreign Affairs of Guatemala.","start":11910,"end":11916.632,"topics":[],"words":[{"text":"I","start":11910,"end":11910.474},{"text":"thank","start":11910.474,"end":11910.947},{"text":"the","start":11910.947,"end":11911.421},{"text":"Director","start":11911.421,"end":11911.895},{"text":"of","start":11911.895,"end":11912.368},{"text":"Cooperation","start":11912.368,"end":11912.842},{"text":"at","start":11912.842,"end":11913.316},{"text":"the","start":11913.316,"end":11913.789},{"text":"Ministry","start":11913.789,"end":11914.263},{"text":"of","start":11914.263,"end":11914.737},{"text":"Foreign","start":11914.737,"end":11915.211},{"text":"Affairs","start":11915.211,"end":11915.684},{"text":"of","start":11915.684,"end":11916.158},{"text":"Guatemala.","start":11916.158,"end":11916.632}]},{"text":"Now I give the floor to Mr. Rishad Bade, Acting Deputy Permanent Secretary at the Ministry of Finance of the United Republic of 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meet today at a critical time when global progress toward 2030 Agenda is being slowed by fragmentation, geopolitical tension, rising trade barriers, climate change, and climate 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the Sustainable Development Report of 2026 makes clear that without urgent action, we risk further falling behind.","start":11955.65,"end":11963.3,"topics":[],"words":[{"text":"Financing","start":11955.65,"end":11956.075},{"text":"the","start":11956.075,"end":11956.5},{"text":"Sustainable","start":11956.5,"end":11956.925},{"text":"Development","start":11956.925,"end":11957.35},{"text":"Report","start":11957.35,"end":11957.775},{"text":"of","start":11957.775,"end":11958.2},{"text":"2026","start":11958.2,"end":11958.625},{"text":"makes","start":11958.625,"end":11959.05},{"text":"clear","start":11959.05,"end":11959.475},{"text":"that","start":11959.475,"end":11959.9},{"text":"without","start":11959.9,"end":11960.325},{"text":"urgent","start":11960.325,"end":11960.75},{"text":"action,","start":11960.75,"end":11961.175},{"text":"we","start":11961.175,"end":11961.6},{"text":"risk","start":11961.6,"end":11962.025},{"text":"further","start":11962.025,"end":11962.45},{"text":"falling","start":11962.45,"end":11962.875},{"text":"behind.","start":11962.875,"end":11963.3}]},{"text":"A financing gap of estimated 4 trillion dollars annually demands coordinated global response.","start":11963.3,"end":11968.825,"topics":[],"words":[{"text":"A","start":11963.3,"end":11963.725},{"text":"financing","start":11963.725,"end":11964.15},{"text":"gap","start":11964.15,"end":11964.575},{"text":"of","start":11964.575,"end":11965},{"text":"estimated","start":11965,"end":11965.425},{"text":"4","start":11965.425,"end":11965.85},{"text":"trillion","start":11965.85,"end":11966.275},{"text":"dollars","start":11966.275,"end":11966.7},{"text":"annually","start":11966.7,"end":11967.125},{"text":"demands","start":11967.125,"end":11967.55},{"text":"coordinated","start":11967.55,"end":11967.975},{"text":"global","start":11967.975,"end":11968.4},{"text":"response.","start":11968.4,"end":11968.825}]},{"text":"We recall the Sevilla Commitment, which calls for the scaling up of investment, reforming the international financial systems, and strengthening international cooperation.","start":11968.825,"end":11978.175,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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commitments must now be fully and urgently implemented.","start":11978.175,"end":11982,"topics":[],"words":[{"text":"These","start":11978.175,"end":11978.6},{"text":"commitments","start":11978.6,"end":11979.025},{"text":"must","start":11979.025,"end":11979.45},{"text":"now","start":11979.45,"end":11979.875},{"text":"be","start":11979.875,"end":11980.3},{"text":"fully","start":11980.3,"end":11980.725},{"text":"and","start":11980.725,"end":11981.15},{"text":"urgently","start":11981.15,"end":11981.575},{"text":"implemented.","start":11981.575,"end":11982}]}]},{"sentences":[{"text":"Yet the global financial environment is becoming more unequal.","start":11983,"end":11986.966,"topics":[],"words":[{"text":"Yet","start":11983,"end":11983.441},{"text":"the","start":11983.441,"end":11983.881},{"text":"global","start":11983.881,"end":11984.322},{"text":"financial","start":11984.322,"end":11984.763},{"text":"environment","start":11984.763,"end":11985.203},{"text":"is","start":11985.203,"end":11985.644},{"text":"becoming","start":11985.644,"end":11986.085},{"text":"more","start":11986.085,"end":11986.525},{"text":"unequal.","start":11986.525,"end":11986.966}]},{"text":"Capital flows are increasingly concentrated, while least developed countries face reduced access to development finance, debt challenges, limited concessional resources, and constraints in financial system reforms are worsening under the current global tension.","start":11986.966,"end":12001.508,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, 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pressures are not abstract for Tanzania.","start":12001.508,"end":12004.593,"topics":[],"words":[{"text":"These","start":12001.508,"end":12001.949},{"text":"pressures","start":12001.949,"end":12002.39},{"text":"are","start":12002.39,"end":12002.831},{"text":"not","start":12002.831,"end":12003.271},{"text":"abstract","start":12003.271,"end":12003.712},{"text":"for","start":12003.712,"end":12004.153},{"text":"Tanzania.","start":12004.153,"end":12004.593}]},{"text":"The rising global interest rates are increasing borrowing costs and reducing fiscal space.","start":12004.593,"end":12010.322,"topics":[{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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inflation.","start":12010.322,"end":12015.169,"topics":[],"words":[{"text":"Volatile","start":12010.322,"end":12010.763},{"text":"energy","start":12010.763,"end":12011.203},{"text":"prices","start":12011.203,"end":12011.644},{"text":"are","start":12011.644,"end":12012.085},{"text":"widening","start":12012.085,"end":12012.525},{"text":"and","start":12012.525,"end":12012.966},{"text":"external","start":12012.966,"end":12013.407},{"text":"deficit","start":12013.407,"end":12013.847},{"text":"and","start":12013.847,"end":12014.288},{"text":"fuel","start":12014.288,"end":12014.729},{"text":"inflation.","start":12014.729,"end":12015.169}]},{"text":"Supply chain disruption are raising transport costs and affects competitiveness.","start":12015.169,"end":12019.576,"topics":[],"words":[{"text":"Supply","start":12015.169,"end":12015.61},{"text":"chain","start":12015.61,"end":12016.051},{"text":"disruption","start":12016.051,"end":12016.492},{"text":"are","start":12016.492,"end":12016.932},{"text":"raising","start":12016.932,"end":12017.373},{"text":"transport","start":12017.373,"end":12017.814},{"text":"costs","start":12017.814,"end":12018.254},{"text":"and","start":12018.254,"end":12018.695},{"text":"affects","start":12018.695,"end":12019.136},{"text":"competitiveness.","start":12019.136,"end":12019.576}]},{"text":"In response, Tanzania remain committed to the resilience and reforms.","start":12019.576,"end":12023.983,"topics":[],"words":[{"text":"In","start":12019.576,"end":12020.017},{"text":"response,","start":12020.017,"end":12020.458},{"text":"Tanzania","start":12020.458,"end":12020.898},{"text":"remain","start":12020.898,"end":12021.339},{"text":"committed","start":12021.339,"end":12021.78},{"text":"to","start":12021.78,"end":12022.22},{"text":"the","start":12022.22,"end":12022.661},{"text":"resilience","start":12022.661,"end":12023.102},{"text":"and","start":12023.102,"end":12023.542},{"text":"reforms.","start":12023.542,"end":12023.983}]},{"text":"We are pursuing macroeconomic stability, industrialization, agriculture value addition, expanded energy access, and investment in transport and digital infrastructure to support growth and regional 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are also strengthening fiscal discipline, improving domestic revenue collections, maintaining prudent deficit, enhancing public financial management.","start":12036,"end":12047.648,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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and long-term development.","start":12047.648,"end":12054.5,"topics":[],"words":[{"text":"These","start":12047.648,"end":12048.333},{"text":"efforts","start":12048.333,"end":12049.019},{"text":"reflect","start":12049.019,"end":12049.704},{"text":"the","start":12049.704,"end":12050.389},{"text":"commitment","start":12050.389,"end":12051.074},{"text":"to","start":12051.074,"end":12051.759},{"text":"stability","start":12051.759,"end":12052.444},{"text":"and","start":12052.444,"end":12053.13},{"text":"long-term","start":12053.13,"end":12053.815},{"text":"development.","start":12053.815,"end":12054.5}]},{"text":"However, the national efforts alone are not 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therefore call urgent reforms of the global financial architecture to ensure it is fair, resilient, and capable of delivering on shared commitment.","start":12078.481,"end":12094.241,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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remains ready to work with all partners to turn these commitments into real progress toward the Sustainable Development 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thank you.","start":12107.944,"end":12110,"topics":[],"words":[{"text":"I","start":12107.944,"end":12108.63},{"text":"thank","start":12108.63,"end":12109.315},{"text":"you.","start":12109.315,"end":12110}]}]}],"speaker":{"name":"Rishad Bade","affiliation":"TZA","affiliation_full":"United Republic of Tanzania","group":null,"function":"Acting Deputy Permanent Secretary"}},{"statement_number":96,"paragraphs":[{"sentences":[{"text":"I thank the Acting Deputy Permanent Secretary at the Ministry of Finance of 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Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}},{"statement_number":97,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":12133,"end":12134.788,"topics":[],"words":[{"text":"Thank","start":12133,"end":12133.447},{"text":"you,","start":12133.447,"end":12133.894},{"text":"Mr.","start":12133.894,"end":12134.341},{"text":"President.","start":12134.341,"end":12134.788}]},{"text":"I have the honor to deliver this statement on behalf of the Group of 77 and China.","start":12134.788,"end":12142.386,"topics":[],"words":[{"text":"I","start":12134.788,"end":12135.235},{"text":"have","start":12135.235,"end":12135.682},{"text":"the","start":12135.682,"end":12136.129},{"text":"honor","start":12136.129,"end":12136.576},{"text":"to","start":12136.576,"end":12137.023},{"text":"deliver","start":12137.023,"end":12137.47},{"text":"this","start":12137.47,"end":12137.917},{"text":"statement","start":12137.917,"end":12138.364},{"text":"on","start":12138.364,"end":12138.811},{"text":"behalf","start":12138.811,"end":12139.258},{"text":"of","start":12139.258,"end":12139.705},{"text":"the","start":12139.705,"end":12140.152},{"text":"Group","start":12140.152,"end":12140.598},{"text":"of","start":12140.598,"end":12141.045},{"text":"77","start":12141.045,"end":12141.492},{"text":"and","start":12141.492,"end":12141.939},{"text":"China.","start":12141.939,"end":12142.386}]},{"text":"The G77 would like to thank the President of ECOSOC for convening this forum, which provides a valuable space to delve into about what it will take to move the needle between now and 2030 in the pursuit of financing for 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Sevilla, the G77 and China joined consensus in reaffirming the financing for development process as the integrative framework for financing sustainable development, including the 2030 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the Sevilla Commitment into a lived reality requires the sustained political will of all actors at all levels across all 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will only live up to its potential if those who hold the levers of the international financial architecture, the development partners, the Bretton Woods institutions, the major creditor countries, and the multilateral development banks (MDBs) treat the commitment as a mandate to better frame their work with sustainable development.","start":12204.19,"end":12229.621,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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momentum from Sevilla must be captured and implemented urgently.","start":12229.621,"end":12234.707,"topics":[],"words":[{"text":"The","start":12229.621,"end":12230.129},{"text":"momentum","start":12230.129,"end":12230.638},{"text":"from","start":12230.638,"end":12231.147},{"text":"Sevilla","start":12231.147,"end":12231.655},{"text":"must","start":12231.655,"end":12232.164},{"text":"be","start":12232.164,"end":12232.672},{"text":"captured","start":12232.672,"end":12233.181},{"text":"and","start":12233.181,"end":12233.69},{"text":"implemented","start":12233.69,"end":12234.198},{"text":"urgently.","start":12234.198,"end":12234.707}]},{"text":"While there has been early yield in implementation following the fourth FfD conference, member states, the UN system, and other actors must continue to join together to advance voluntary commitments alongside the negotiated 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inter alia on debt transparency, concessional finance for developing countries, including for climate action, and local currency financing are welcome.","start":12253,"end":12266.099,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"local-currency-finance","label":"Local Currency Financing and Markets","description":"Expanding local currency lending and developing domestic capital markets to reduce FX risk, transform domestic savings into investment, and lower debt vulnerabilities through onshore instruments and liquidity 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G77 and China is ready to be a constructive partner in shaping the post-Sevilla landscape.","start":12266.099,"end":12276.079,"topics":[],"words":[{"text":"The","start":12266.099,"end":12266.723},{"text":"G77","start":12266.723,"end":12267.347},{"text":"and","start":12267.347,"end":12267.97},{"text":"China","start":12267.97,"end":12268.594},{"text":"is","start":12268.594,"end":12269.218},{"text":"ready","start":12269.218,"end":12269.842},{"text":"to","start":12269.842,"end":12270.465},{"text":"be","start":12270.465,"end":12271.089},{"text":"a","start":12271.089,"end":12271.713},{"text":"constructive","start":12271.713,"end":12272.337},{"text":"partner","start":12272.337,"end":12272.96},{"text":"in","start":12272.96,"end":12273.584},{"text":"shaping","start":12273.584,"end":12274.208},{"text":"the","start":12274.208,"end":12274.832},{"text":"post-Sevilla","start":12274.832,"end":12275.455},{"text":"landscape.","start":12275.455,"end":12276.079}]},{"text":"We bring to this forum not a list of complaints but a determination to work across the lines that too often divide the FfD 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the G77 and China, the timely and effective implementation of the Sevilla Commitment is not just an aspiration but a necessity to close the estimated 4 trillion US dollar annual financing gap for developing countries.","start":12317,"end":12338.667,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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group notes with alarm the widening disparities in financing capacity.","start":12338.667,"end":12345.287,"topics":[],"words":[{"text":"The","start":12338.667,"end":12339.269},{"text":"group","start":12339.269,"end":12339.87},{"text":"notes","start":12339.87,"end":12340.472},{"text":"with","start":12340.472,"end":12341.074},{"text":"alarm","start":12341.074,"end":12341.676},{"text":"the","start":12341.676,"end":12342.278},{"text":"widening","start":12342.278,"end":12342.88},{"text":"disparities","start":12342.88,"end":12343.481},{"text":"in","start":12343.481,"end":12344.083},{"text":"financing","start":12344.083,"end":12344.685},{"text":"capacity.","start":12344.685,"end":12345.287}]},{"text":"In 2025, official development assistance fell by 23.1% in real terms, the largest annual contraction on 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hard-won development gains.","start":12355.519,"end":12362.139,"topics":[],"words":[{"text":"This","start":12355.519,"end":12356.12},{"text":"trend","start":12356.12,"end":12356.722},{"text":"is","start":12356.722,"end":12357.324},{"text":"unacceptable","start":12357.324,"end":12357.926},{"text":"as","start":12357.926,"end":12358.528},{"text":"it","start":12358.528,"end":12359.13},{"text":"risks","start":12359.13,"end":12359.731},{"text":"reversing","start":12359.731,"end":12360.333},{"text":"hard-won","start":12360.333,"end":12360.935},{"text":"development","start":12360.935,"end":12361.537},{"text":"gains.","start":12361.537,"end":12362.139}]},{"text":"We urge developed countries to scale up and fulfill their ODA commitments, reaching the target of 0.7% of gross national income for developing countries and 0.15 to 0.2% for the least developed countries.","start":12362.139,"end":12382,"topics":[],"words":[{"text":"We","start":12362.139,"end":12362.741},{"text":"urge","start":12362.741,"end":12363.343},{"text":"developed","start":12363.343,"end":12363.944},{"text":"countries","start":12363.944,"end":12364.546},{"text":"to","start":12364.546,"end":12365.148},{"text":"scale","start":12365.148,"end":12365.75},{"text":"up","start":12365.75,"end":12366.352},{"text":"and","start":12366.352,"end":12366.954},{"text":"fulfill","start":12366.954,"end":12367.556},{"text":"their","start":12367.556,"end":12368.157},{"text":"ODA","start":12368.157,"end":12368.759},{"text":"commitments,","start":12368.759,"end":12369.361},{"text":"reaching","start":12369.361,"end":12369.963},{"text":"the","start":12369.963,"end":12370.565},{"text":"target","start":12370.565,"end":12371.167},{"text":"of","start":12371.167,"end":12371.769},{"text":"0.7%","start":12371.769,"end":12372.37},{"text":"of","start":12372.37,"end":12372.972},{"text":"gross","start":12372.972,"end":12373.574},{"text":"national","start":12373.574,"end":12374.176},{"text":"income","start":12374.176,"end":12374.778},{"text":"for","start":12374.778,"end":12375.38},{"text":"developing","start":12375.38,"end":12375.981},{"text":"countries","start":12375.981,"end":12376.583},{"text":"and","start":12376.583,"end":12377.185},{"text":"0.15","start":12377.185,"end":12377.787},{"text":"to","start":12377.787,"end":12378.389},{"text":"0.2%","start":12378.389,"end":12378.991},{"text":"for","start":12378.991,"end":12379.593},{"text":"the","start":12379.593,"end":12380.194},{"text":"least","start":12380.194,"end":12380.796},{"text":"developed","start":12380.796,"end":12381.398},{"text":"countries.","start":12381.398,"end":12382}]}]},{"sentences":[{"text":"IFIs and multilateral development banks should play a greater role by providing more long-term, affordable, and concessional financing.","start":12383,"end":12394.88,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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countries to assist in building sound financial systems, upgrading financial infrastructure, and bolstering crisis resilience, strengthening our collective capacity to finance our sustainable development agendas.","start":12394.88,"end":12417.98,"topics":[{"key":"global-financial-safety-net","label":"Global Financial Safety Net","description":"Strengthening crisis response through more accessible and rapid IMF instruments, reallocation and better use of SDRs, and complementary regional arrangements and swap lines to provide liquidity and counter-cyclical support."},{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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the international financial architecture must be reformed to reflect today's realities.","start":12417.98,"end":12425.9,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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Group.","start":12425.9,"end":12449,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar 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debt, developing countries continue to face high borrowing costs and debt servicing burdens that absorb a significant share of public revenues, leaving limited fiscal space to advance sustainable development.","start":12450,"end":12468,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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we recall the Sevilla Commitment to promote an intergovernmental process at the United Nations with a view to making recommendations for closing gaps in the debt architecture and exploring options to address debt sustainability, including through holding a dialogue with all relevant stakeholders.","start":12468,"end":12494.4,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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President, international trade remains a critical engine for development.","start":12494.4,"end":12500.4,"topics":[],"words":[{"text":"Mr.","start":12494.4,"end":12495},{"text":"President,","start":12495,"end":12495.6},{"text":"international","start":12495.6,"end":12496.2},{"text":"trade","start":12496.2,"end":12496.8},{"text":"remains","start":12496.8,"end":12497.4},{"text":"a","start":12497.4,"end":12498},{"text":"critical","start":12498,"end":12498.6},{"text":"engine","start":12498.6,"end":12499.2},{"text":"for","start":12499.2,"end":12499.8},{"text":"development.","start":12499.8,"end":12500.4}]},{"text":"Yet it is currently under strain from rising fragmentation, uncertainties, and an increase in trade-restrictive measures.","start":12500.4,"end":12510,"topics":[],"words":[{"text":"Yet","start":12500.4,"end":12501},{"text":"it","start":12501,"end":12501.6},{"text":"is","start":12501.6,"end":12502.2},{"text":"currently","start":12502.2,"end":12502.8},{"text":"under","start":12502.8,"end":12503.4},{"text":"strain","start":12503.4,"end":12504},{"text":"from","start":12504,"end":12504.6},{"text":"rising","start":12504.6,"end":12505.2},{"text":"fragmentation,","start":12505.2,"end":12505.8},{"text":"uncertainties,","start":12505.8,"end":12506.4},{"text":"and","start":12506.4,"end":12507},{"text":"an","start":12507,"end":12507.6},{"text":"increase","start":12507.6,"end":12508.2},{"text":"in","start":12508.2,"end":12508.8},{"text":"trade-restrictive","start":12508.8,"end":12509.4},{"text":"measures.","start":12509.4,"end":12510}]},{"text":"We stress the importance of preserving the multilateral trading system as a key driver of economic growth and sustainable 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reiterate that member states must refrain from applying unilateral economic, financial, or trade measures not in accordance with international law that impede or distort the full achievement of economic social 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the group highlights the importance of robust, high-quality, and disaggregated data to inform policy decisions and track progress.","start":12536.818,"end":12545.023,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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constraints in data collection and analysis must be addressed through enhanced technical and financial support.","start":12545.023,"end":12551.932,"topics":[{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data hubs—to inform policy, track FfD commitments, and improve development 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President, G77 and China remains committed to working with all stakeholders to advance a more equitable and resilient global financial 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the central challenge before us is clear: translating commitment into tangible, timely and scalable 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rising debt vulnerabilities, declining official development assistance, and increasing fragmentation at a time when developing countries face an annual financing gap of 4 trillion dollars.","start":12772.087,"end":12793,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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Africa, these pressures are especially acute and risk reversing hard-won development gains.","start":12794,"end":12804.653,"topics":[],"words":[{"text":"For","start":12794,"end":12794.819},{"text":"Africa,","start":12794.819,"end":12795.639},{"text":"these","start":12795.639,"end":12796.458},{"text":"pressures","start":12796.458,"end":12797.278},{"text":"are","start":12797.278,"end":12798.097},{"text":"especially","start":12798.097,"end":12798.917},{"text":"acute","start":12798.917,"end":12799.736},{"text":"and","start":12799.736,"end":12800.556},{"text":"risk","start":12800.556,"end":12801.375},{"text":"reversing","start":12801.375,"end":12802.194},{"text":"hard-won","start":12802.194,"end":12803.014},{"text":"development","start":12803.014,"end":12803.833},{"text":"gains.","start":12803.833,"end":12804.653}]},{"text":"In this context, the African Group highlight three key priority.","start":12804.653,"end":12812.847,"topics":[],"words":[{"text":"In","start":12804.653,"end":12805.472},{"text":"this","start":12805.472,"end":12806.292},{"text":"context,","start":12806.292,"end":12807.111},{"text":"the","start":12807.111,"end":12807.931},{"text":"African","start":12807.931,"end":12808.75},{"text":"Group","start":12808.75,"end":12809.569},{"text":"highlight","start":12809.569,"end":12810.389},{"text":"three","start":12810.389,"end":12811.208},{"text":"key","start":12811.208,"end":12812.028},{"text":"priority.","start":12812.028,"end":12812.847}]},{"text":"First, reforming the international financial architecture.","start":12812.847,"end":12817.764,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"First,","start":12812.847,"end":12813.667},{"text":"reforming","start":12813.667,"end":12814.486},{"text":"the","start":12814.486,"end":12815.306},{"text":"international","start":12815.306,"end":12816.125},{"text":"financial","start":12816.125,"end":12816.944},{"text":"architecture.","start":12816.944,"end":12817.764}]},{"text":"The system must become more inclusive, responsive, and representative.","start":12817.764,"end":12825.139,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."}],"words":[{"text":"The","start":12817.764,"end":12818.583},{"text":"system","start":12818.583,"end":12819.403},{"text":"must","start":12819.403,"end":12820.222},{"text":"become","start":12820.222,"end":12821.042},{"text":"more","start":12821.042,"end":12821.861},{"text":"inclusive,","start":12821.861,"end":12822.681},{"text":"responsive,","start":12822.681,"end":12823.5},{"text":"and","start":12823.5,"end":12824.319},{"text":"representative.","start":12824.319,"end":12825.139}]},{"text":"This including governance reform in international financial institutions, enhanced participation of developing countries, and scaling up of scaling up access to concessional and affordable long-term finance while addressing systemic based bias in risk perception.","start":12825.139,"end":12853,"topics":[{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable 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addressing debt vulnerability in a comprehensive manner.","start":12854,"end":12859.301,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."}],"words":[{"text":"Second,","start":12854,"end":12854.663},{"text":"addressing","start":12854.663,"end":12855.325},{"text":"debt","start":12855.325,"end":12855.988},{"text":"vulnerability","start":12855.988,"end":12856.651},{"text":"in","start":12856.651,"end":12857.313},{"text":"a","start":12857.313,"end":12857.976},{"text":"comprehensive","start":12857.976,"end":12858.639},{"text":"manner.","start":12858.639,"end":12859.301}]},{"text":"Debt servicing continue to to constrain fiscal space across many African countries.","start":12859.301,"end":12867.253,"topics":[{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development 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mobilizing investment and strengthening trade as driver of sustainable development.","start":12885.807,"end":12893.096,"topics":[{"key":"private-finance-mobilization","label":"Private Finance Mobilization","description":"Scaling up blended finance, guarantees, and de-risking to crowd in private capital; improving regulatory frameworks and country platforms to align investment with national SDG priorities while reducing financing 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industrialization, including through value addition and regional integration, notably under the African Continental Free Trade 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we also underscore the importance of advancing international tax cooperation under the United Nations, including ongoing effort toward the the UN Framework Convention on International Tax Cooperation.","start":12929.663,"end":12950.054,"topics":[{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for 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the same time, we express deep concern regarding the the sharp decline of official development 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record disproportionately affecting African country and developing countries.","start":12962.435,"end":12974.815,"topics":[],"words":[{"text":"ODA","start":12962.435,"end":12963.163},{"text":"fell","start":12963.163,"end":12963.891},{"text":"by","start":12963.891,"end":12964.62},{"text":"23.1%","start":12964.62,"end":12965.348},{"text":"in","start":12965.348,"end":12966.076},{"text":"2025,","start":12966.076,"end":12966.804},{"text":"a","start":12966.804,"end":12967.533},{"text":"largest","start":12967.533,"end":12968.261},{"text":"contraction","start":12968.261,"end":12968.989},{"text":"record","start":12968.989,"end":12969.717},{"text":"disproportionately","start":12969.717,"end":12970.446},{"text":"affecting","start":12970.446,"end":12971.174},{"text":"African","start":12971.174,"end":12971.902},{"text":"country","start":12971.902,"end":12972.63},{"text":"and","start":12972.63,"end":12973.359},{"text":"developing","start":12973.359,"end":12974.087},{"text":"countries.","start":12974.087,"end":12974.815}]},{"text":"I thank you.","start":12974.815,"end":12977,"topics":[],"words":[{"text":"I","start":12974.815,"end":12975.543},{"text":"thank","start":12975.543,"end":12976.272},{"text":"you.","start":12976.272,"end":12977}]}]}],"speaker":{"name":"Issa Konfourou","affiliation":"MLI","affiliation_full":"Mali","group":"Africa Group","function":"Representative"}},{"statement_number":100,"paragraphs":[{"sentences":[{"text":"I thank the permanent representative of Mali.","start":12981,"end":12984.961,"topics":[],"words":[{"text":"I","start":12981,"end":12981.566},{"text":"thank","start":12981.566,"end":12982.132},{"text":"the","start":12982.132,"end":12982.697},{"text":"permanent","start":12982.697,"end":12983.263},{"text":"representative","start":12983.263,"end":12983.829},{"text":"of","start":12983.829,"end":12984.395},{"text":"Mali.","start":12984.395,"end":12984.961}]},{"text":"Excellencies, distinguished delegates, we have just heard the last speaker for this meeting.","start":12984.961,"end":12992.316,"topics":[],"words":[{"text":"Excellencies,","start":12984.961,"end":12985.526},{"text":"distinguished","start":12985.526,"end":12986.092},{"text":"delegates,","start":12986.092,"end":12986.658},{"text":"we","start":12986.658,"end":12987.224},{"text":"have","start":12987.224,"end":12987.789},{"text":"just","start":12987.789,"end":12988.355},{"text":"heard","start":12988.355,"end":12988.921},{"text":"the","start":12988.921,"end":12989.487},{"text":"last","start":12989.487,"end":12990.053},{"text":"speaker","start":12990.053,"end":12990.618},{"text":"for","start":12990.618,"end":12991.184},{"text":"this","start":12991.184,"end":12991.75},{"text":"meeting.","start":12991.75,"end":12992.316}]},{"text":"The forum will continue to hear speakers in the general debate on Wednesday, 22nd April at 5:00 PM.","start":12992.316,"end":13002.5,"topics":[],"words":[{"text":"The","start":12992.316,"end":12992.882},{"text":"forum","start":12992.882,"end":12993.447},{"text":"will","start":12993.447,"end":12994.013},{"text":"continue","start":12994.013,"end":12994.579},{"text":"to","start":12994.579,"end":12995.145},{"text":"hear","start":12995.145,"end":12995.711},{"text":"speakers","start":12995.711,"end":12996.276},{"text":"in","start":12996.276,"end":12996.842},{"text":"the","start":12996.842,"end":12997.408},{"text":"general","start":12997.408,"end":12997.974},{"text":"debate","start":12997.974,"end":12998.539},{"text":"on","start":12998.539,"end":12999.105},{"text":"Wednesday,","start":12999.105,"end":12999.671},{"text":"22nd","start":12999.671,"end":13000.237},{"text":"April","start":13000.237,"end":13000.803},{"text":"at","start":13000.803,"end":13001.368},{"text":"5:00","start":13001.368,"end":13001.934},{"text":"PM.","start":13001.934,"end":13002.5}]},{"text":"We have come to the end of this afternoon's meeting.","start":13002.5,"end":13008.158,"topics":[],"words":[{"text":"We","start":13002.5,"end":13003.066},{"text":"have","start":13003.066,"end":13003.632},{"text":"come","start":13003.632,"end":13004.197},{"text":"to","start":13004.197,"end":13004.763},{"text":"the","start":13004.763,"end":13005.329},{"text":"end","start":13005.329,"end":13005.895},{"text":"of","start":13005.895,"end":13006.461},{"text":"this","start":13006.461,"end":13007.026},{"text":"afternoon's","start":13007.026,"end":13007.592},{"text":"meeting.","start":13007.592,"end":13008.158}]},{"text":"The forum will reconvene tomorrow, Tuesday, 21st April at 10:00 AM in the conference room 4 to continue with its program of 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meeting is thus adjourned.","start":13021.171,"end":13024,"topics":[],"words":[{"text":"The","start":13021.171,"end":13021.737},{"text":"meeting","start":13021.737,"end":13022.303},{"text":"is","start":13022.303,"end":13022.868},{"text":"thus","start":13022.868,"end":13023.434},{"text":"adjourned.","start":13023.434,"end":13024}]}]}],"speaker":{"name":"Máximo Prévot","affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Chair"}}],"topics":[{"key":"beyond-gdp-metrics","label":"Beyond GDP and Vulnerability Metrics","description":"Using multidimensional indicators—such as the Multidimensional Vulnerability Index—alongside or beyond income per capita to guide access to concessional finance and better reflect the needs of SIDS and middle‑income countries."},{"key":"data-and-monitoring","label":"Data, Monitoring, and Accountability","description":"Investing in robust, disaggregated data systems and follow-up mechanisms—such as centers of excellence and global data 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reducing financing costs."},{"key":"international-tax-cooperation","label":"International Tax Cooperation and Illicit Flows","description":"Advancing a UN-led framework or convention on international tax cooperation, strengthening domestic resource mobilization, and curbing illicit financial flows to expand fair and predictable revenues for development."},{"key":"credit-ratings-and-cost-of-capital","label":"Credit Ratings and Cost of Capital","description":"Improving the transparency, methodology, and accountability of sovereign credit ratings and tackling risk biases that elevate premiums for developing countries, thereby easing access to affordable financing."},{"key":"debt-resolution-and-sustainability","label":"Debt Resolution and Sustainability","description":"Addressing rising debt burdens with timely, transparent, and predictable restructuring, improving the G20 Common Framework, and expanding tools such as debt-for-climate/nature swaps and the Borrowers’ Platform to protect development spending."},{"key":"international-financial-architecture-reform","label":"International Financial Architecture Reform","description":"Calls to make the IMF, World Bank, and other IFIs more inclusive, representative, and effective through quota and voting reforms, enhanced voice for developing countries, and better alignment with today’s multipolar realities."},{"key":"support-for-fragile-and-conflict-affected-states","label":"Support for Fragile and Conflict-Affected States","description":"Tailoring financing windows and policies for FCAS and SIDS, ensuring rapid, concessional post‑disaster/conflict support that avoids exacerbating debt distress and safeguards fiscal space for essential services."}]}}