{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/zh/asset/k10/k10437766p?lang=en","llms":{"note":"Plain-text sibling of this page, compact for LLM context. For the full API guide (search, listing, URL grammar) see /llms.txt.","textUrl":"/zh/asset/k10/k10437766p.txt","guide":"/llms.txt"},"video":{"id":"k10/k10437766p","kaltura_id":"1_0437766p","title":"(Day 2) Special Events - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","clean_title":"(Day 2) Special Events - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","url":"https://webtv.un.org/en/asset/k10/k10437766p","date":"2025-07-01T00:00:00.000Z","scheduled_time":"2025-07-01T08:30:00.000Z","status":"finished","duration":"07:16:24","category":"Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k10/k10437766p"},"metadata":{"summary":"The special events of the 4th International Conference on Financing for Development will convene high-level participants to discuss actions and the way forward of the Compromiso de Sevilla.","description":"10:30 to 12:00: Investing in Global Solidarity: A New Vision for Development Cooperation\nIn a context in which multilateralism is being questioned, leaders from South and North will come together with leaders of multilateral organizations, development banks and donors to debate how to renew and strengthen their commitment to international cooperation based on global solidarity and the achievement of sustainable, fair, and inclusive development for all. Their discussion will address, among other issues, how development cooperation can be protected from the current crisis of multilateralism; how recipient development priorities and donor policies can be aligned for maximum impact and new instruments to help increase aid effectiveness.\n12:30 to 14:00: Forging a common agenda to achieve debt sustainability in developing countries\nSouth Africa and Spain have both made debt sustainability a key priority under the G20 Presidency and the 4th International Conference on Financing for Development respectively, seeking to find pragmatic solutions to alleviate the debt burden on developing economies, reduce the cost of capital and generate the fiscal space required to enable countries to invest in their people and economies.\n2:30 to 4:00 pm Mobilizing development banks to uplift SDG financing\nThe objective of the session is to convene a high-level debate regarding the role of Public Development Banks within the global financial architecture. It will serve as the launch event for the \"Public Development Banks - Reference Book\", published by Pearson. It is\nintended to inform the broader FfD4 conference discussions and contribute to the formulation of actionable policy recommendations. Panelists will illustrate how PDBs are creating, enabling and/or accelerating systemic change through innovative financing solutions. They will discuss how to translate policy recommendations stemming from research into concrete operations.\n4:30 to 6:00 pm: From Monterrey to Sevilla and Beyond\nThe event will delve into the unique role of financing for development (FFD) conferences in global governance. It's the only global meeting that gathers official national, institutional, and non-state stakeholders for open dialogue on the coherence, consistency, and effectiveness of policies influencing financing for development. It will examine the processes leading to, and key outcomes of past FFD conferences—from Monterrey Consensus (2002) to Doha Declaration (2008) and the Addis Ababa Action Agenda (2015)—to identify how the international community can leverage FFD post-Sevilla to achieve the global commitment to finance sustainable development.","categories":["Meetings & Events","Conferences","International Conference on Financing for Development","Fourth Session"],"geographic_subject":[],"subject_topical":["SUSTAINABLE DEVELOPMENT GOALS","DEVELOPMENT FINANCE","MULTILATERALISM"],"corporate_name":["INTERNATIONAL CONFERENCE ON FINANCING FOR DEVELOPMENT - FFD"],"speaker_affiliation":[],"related_documents":[{"title":"More Info","url":"https://financing.desa.un.org/FFD4"}]},"transcript":{"transcript_id":"azure-llm-speech-310fcfeb-85b7-4112-b961-6f76cf8b523d","language":"en","data":[{"statement_number":1,"start":0.99,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=1","paragraphs":[{"sentences":[{"text":"Well, hello, everyone.","start":0.99,"end":1.95,"topics":[],"words":[{"text":"Well,","start":0.99,"end":1.23},{"text":"hello,","start":1.23,"end":1.55},{"text":"everyone.","start":1.55,"end":1.95}]},{"text":"Thank you very much for being here on this special event.","start":1.95,"end":6.07,"topics":[],"words":[{"text":"Thank","start":1.95,"end":2.27},{"text":"you","start":2.27,"end":2.51},{"text":"very","start":2.75,"end":3.15},{"text":"much","start":3.15,"end":3.55},{"text":"for","start":3.55,"end":3.87},{"text":"being","start":3.87,"end":4.15},{"text":"here","start":4.19,"end":4.47},{"text":"on","start":4.47,"end":4.59},{"text":"this","start":4.59,"end":4.91},{"text":"special","start":5.07,"end":5.71},{"text":"event.","start":5.71,"end":6.07}]},{"text":"It's happening, of course, on the sidelines of the Fourth International Cooperation conference on funding for 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today for this session, we want to talk about the future of international aid, the future of cooperation at a time in which, of course, international relations are coming under immense 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Seville commitment puts that on paper, but we want to take that debate forward.","start":34.87,"end":38.55,"topics":[],"words":[{"text":"The","start":34.87,"end":35.07},{"text":"Seville","start":35.07,"end":35.51},{"text":"commitment","start":35.51,"end":36.03},{"text":"puts","start":36.03,"end":36.23},{"text":"that","start":36.23,"end":36.39},{"text":"on","start":36.39,"end":36.47},{"text":"paper,","start":36.47,"end":36.79},{"text":"but","start":36.79,"end":36.95},{"text":"we","start":36.95,"end":37.03},{"text":"want","start":37.03,"end":37.27},{"text":"to","start":37.27,"end":37.35},{"text":"take","start":37.35,"end":37.59},{"text":"that","start":37.59,"end":37.71},{"text":"debate","start":37.71,"end":38.15},{"text":"forward.","start":38.15,"end":38.55}]},{"text":"So thank you very 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dias.","start":43.03,"end":43.83,"topics":[],"words":[{"text":"Buenos","start":43.03,"end":43.39},{"text":"dias.","start":43.39,"end":43.83}]}]},{"sentences":[{"text":"Good morning, ladies and gentlemen.","start":44.87,"end":46.79,"topics":[],"words":[{"text":"Good","start":44.87,"end":45.11},{"text":"morning,","start":45.11,"end":45.67},{"text":"ladies","start":45.83,"end":46.15},{"text":"and","start":46.15,"end":46.31},{"text":"gentlemen.","start":46.31,"end":46.79}]},{"text":"Thank you for being here.","start":46.79,"end":47.83,"topics":[],"words":[{"text":"Thank","start":46.79,"end":46.99},{"text":"you","start":46.99,"end":47.07},{"text":"for","start":47.07,"end":47.19},{"text":"being","start":47.19,"end":47.51},{"text":"here.","start":47.51,"end":47.83}]},{"text":"We are in an event within this conference for Financing for Development organized by the United Nations and by the government of Spain.","start":47.83,"end":56.27,"topics":[],"words":[{"text":"We","start":47.83,"end":47.99},{"text":"are","start":47.99,"end":48.07},{"text":"in","start":48.07,"end":48.19},{"text":"an","start":48.19,"end":48.39},{"text":"event","start":48.39,"end":48.95},{"text":"within","start":49.03,"end":49.43},{"text":"this","start":49.43,"end":49.67},{"text":"conference","start":49.67,"end":50.31},{"text":"for","start":50.31,"end":50.71},{"text":"Financing","start":51.75,"end":52.31},{"text":"for","start":52.31,"end":52.47},{"text":"Development","start":52.47,"end":53.03},{"text":"organized","start":53.03,"end":53.51},{"text":"by","start":53.51,"end":53.75},{"text":"the","start":53.75,"end":53.91},{"text":"United","start":53.91,"end":54.31},{"text":"Nations","start":54.31,"end":54.79},{"text":"and","start":54.79,"end":54.99},{"text":"by","start":54.99,"end":55.27},{"text":"the","start":55.27,"end":55.35},{"text":"government","start":55.35,"end":55.87},{"text":"of","start":55.87,"end":55.99},{"text":"Spain.","start":55.99,"end":56.27}]},{"text":"It's the first one taking place in Europe, Spain, and Seville.","start":56.27,"end":59.51,"topics":[],"words":[{"text":"It's","start":56.27,"end":56.51},{"text":"the","start":56.51,"end":56.59},{"text":"first","start":56.59,"end":56.83},{"text":"one","start":56.83,"end":57.11},{"text":"taking","start":57.11,"end":57.39},{"text":"place","start":57.39,"end":57.67},{"text":"in","start":57.67,"end":58.07},{"text":"Europe,","start":58.07,"end":58.39},{"text":"Spain,","start":58.39,"end":58.87},{"text":"and","start":58.87,"end":59.11},{"text":"Seville.","start":59.11,"end":59.51}]},{"text":"And today we'll be talking about the future of assistance, cooperation in a very complicated political moment.","start":59.99,"end":65.71,"topics":[],"words":[{"text":"And","start":59.99,"end":60.27},{"text":"today","start":60.27,"end":60.55},{"text":"we'll","start":60.55,"end":60.79},{"text":"be","start":60.79,"end":60.91},{"text":"talking","start":60.91,"end":61.27},{"text":"about","start":61.27,"end":61.51},{"text":"the","start":61.51,"end":61.59},{"text":"future","start":61.59,"end":62.07},{"text":"of","start":62.07,"end":62.31},{"text":"assistance,","start":62.31,"end":62.87},{"text":"cooperation","start":62.87,"end":63.67},{"text":"in","start":63.67,"end":63.75},{"text":"a","start":63.75,"end":63.79},{"text":"very","start":63.79,"end":64.15},{"text":"complicated","start":64.31,"end":64.87},{"text":"political","start":64.87,"end":65.35},{"text":"moment.","start":65.35,"end":65.71}]},{"text":"So again, thank you very much for being here.","start":65.71,"end":67.47,"topics":[],"words":[{"text":"So","start":65.71,"end":65.99},{"text":"again,","start":65.99,"end":66.31},{"text":"thank","start":66.31,"end":66.51},{"text":"you","start":66.51,"end":66.59},{"text":"very","start":66.59,"end":66.75},{"text":"much","start":66.75,"end":66.95},{"text":"for","start":66.95,"end":67.11},{"text":"being","start":67.11,"end":67.31},{"text":"here.","start":67.31,"end":67.47}]}]},{"sentences":[{"text":"I would like now to bring on stage the Prime Minister of the government of Spain, Pedro 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Prime Minister of Spain, Pedro Sanchez.","start":74.47,"end":76.91,"topics":[],"words":[{"text":"The","start":74.47,"end":74.55},{"text":"Prime","start":74.55,"end":74.91},{"text":"Minister","start":74.91,"end":75.35},{"text":"of","start":75.67,"end":75.83},{"text":"Spain,","start":75.83,"end":76.27},{"text":"Pedro","start":76.27,"end":76.55},{"text":"Sanchez.","start":76.55,"end":76.91}]},{"text":"Thank you very much.","start":86.11,"end":86.83,"topics":[],"words":[{"text":"Thank","start":86.11,"end":86.31},{"text":"you","start":86.31,"end":86.39},{"text":"very","start":86.39,"end":86.59},{"text":"much.","start":86.59,"end":86.83}]},{"text":"Good morning.","start":86.83,"end":87.55,"topics":[],"words":[{"text":"Good","start":86.83,"end":87.07},{"text":"morning.","start":87.07,"end":87.55}]},{"text":"Excellencies, ladies, gentlemen, delegates, friends, men and women, for me, it is an honor to welcome you to this space.","start":89.79,"end":99.23,"topics":[],"words":[{"text":"Excellencies,","start":89.79,"end":90.83},{"text":"ladies,","start":90.83,"end":91.55},{"text":"gentlemen,","start":91.55,"end":92.19},{"text":"delegates,","start":92.19,"end":92.75},{"text":"friends,","start":92.75,"end":93.31},{"text":"men","start":93.87,"end":94.11},{"text":"and","start":94.11,"end":94.27},{"text":"women,","start":94.27,"end":94.59},{"text":"for","start":95.63,"end":95.83},{"text":"me,","start":95.83,"end":96.11},{"text":"it","start":96.59,"end":96.75},{"text":"is","start":96.75,"end":96.95},{"text":"an","start":96.95,"end":97.07},{"text":"honor","start":97.07,"end":97.47},{"text":"to","start":97.47,"end":97.71},{"text":"welcome","start":97.71,"end":98.03},{"text":"you","start":98.03,"end":98.11},{"text":"to","start":98.11,"end":98.27},{"text":"this","start":98.27,"end":98.63},{"text":"space.","start":98.63,"end":99.23}]},{"text":"At this time, we need to have clarity, boldness, and commitment more than ever before.","start":100.51,"end":105.71,"topics":[],"words":[{"text":"At","start":100.51,"end":100.63},{"text":"this","start":100.63,"end":100.91},{"text":"time,","start":100.91,"end":101.47},{"text":"we","start":102.19,"end":102.43},{"text":"need","start":102.43,"end":102.59},{"text":"to","start":102.59,"end":102.71},{"text":"have","start":102.71,"end":103.07},{"text":"clarity,","start":103.07,"end":103.47},{"text":"boldness,","start":103.47,"end":103.87},{"text":"and","start":103.87,"end":103.99},{"text":"commitment","start":103.99,"end":104.51},{"text":"more","start":104.67,"end":104.91},{"text":"than","start":104.91,"end":105.07},{"text":"ever","start":105.07,"end":105.31},{"text":"before.","start":105.31,"end":105.71}]},{"text":"And I'm here with you And I feel proud to represent a country firmly committed to multilateralism.","start":106.03,"end":113.11,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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this context, what can Spain do and what does Spain want to do?","start":246.87,"end":251.51,"topics":[],"words":[{"text":"In","start":246.87,"end":247.03},{"text":"this","start":247.03,"end":247.19},{"text":"context,","start":247.19,"end":247.75},{"text":"what","start":247.83,"end":248.15},{"text":"can","start":248.15,"end":248.39},{"text":"Spain","start":248.39,"end":248.87},{"text":"do","start":249.59,"end":249.91},{"text":"and","start":249.99,"end":250.15},{"text":"what","start":250.15,"end":250.35},{"text":"does","start":250.35,"end":250.59},{"text":"Spain","start":250.59,"end":250.95},{"text":"want","start":250.95,"end":251.23},{"text":"to","start":251.23,"end":251.31},{"text":"do?","start":251.31,"end":251.51}]},{"text":"Well, we want to be part of the solution.","start":251.51,"end":253.19,"topics":[],"words":[{"text":"Well,","start":251.51,"end":251.75},{"text":"we","start":251.75,"end":251.91},{"text":"want","start":251.91,"end":252.11},{"text":"to","start":252.11,"end":252.19},{"text":"be","start":252.19,"end":252.31},{"text":"part","start":252.31,"end":252.55},{"text":"of","start":252.55,"end":252.63},{"text":"the","start":252.63,"end":252.71},{"text":"solution.","start":252.71,"end":253.19}]},{"text":"We want to contribute humbly to that solution.","start":253.19,"end":255.91,"topics":[],"words":[{"text":"We","start":253.19,"end":253.35},{"text":"want","start":253.35,"end":253.55},{"text":"to","start":253.55,"end":253.63},{"text":"contribute","start":253.63,"end":254.39},{"text":"humbly","start":254.55,"end":255.03},{"text":"to","start":255.03,"end":255.23},{"text":"that","start":255.23,"end":255.43},{"text":"solution.","start":255.43,"end":255.91}]},{"text":"That is why I would like to present to you today the Seville 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point and this note, I would like now to bring on stage Rebecca Greenspan.","start":688.23,"end":692.23,"topics":[],"words":[{"text":"On","start":688.23,"end":688.31},{"text":"this","start":688.47,"end":688.71},{"text":"point","start":688.71,"end":689.11},{"text":"and","start":689.11,"end":689.31},{"text":"this","start":689.31,"end":689.43},{"text":"note,","start":689.43,"end":689.83},{"text":"I","start":689.83,"end":689.95},{"text":"would","start":689.95,"end":690.07},{"text":"like","start":690.07,"end":690.31},{"text":"now","start":690.31,"end":690.47},{"text":"to","start":690.47,"end":690.75},{"text":"bring","start":690.79,"end":691.07},{"text":"on","start":691.07,"end":691.19},{"text":"stage","start":691.19,"end":691.43},{"text":"Rebecca","start":691.43,"end":691.75},{"text":"Greenspan.","start":691.75,"end":692.23}]},{"text":"She is the Secretary General of the United Nations for Trade and Development and also the co-chair of this 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now, what we thought to be indispensable is now just a mere option that could be easily 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crossroad.","start":761.71,"end":766.51,"topics":[],"words":[{"text":"Excellencies,","start":761.71,"end":762.59},{"text":"ladies","start":762.75,"end":763.11},{"text":"and","start":763.11,"end":763.27},{"text":"gentlemen,","start":763.27,"end":763.79},{"text":"we","start":764.59,"end":764.83},{"text":"meet","start":764.83,"end":765.23},{"text":"at","start":765.47,"end":765.59},{"text":"a","start":765.59,"end":765.63},{"text":"crossroad.","start":765.63,"end":766.51}]},{"text":"Our latest report on official development assistance presents a troubling picture.","start":767.75,"end":774.86,"topics":[],"words":[{"text":"Our","start":767.75,"end":768.39},{"text":"latest","start":768.39,"end":769.04},{"text":"report","start":769.04,"end":769.69},{"text":"on","start":769.69,"end":770.33},{"text":"official","start":770.33,"end":770.98},{"text":"development","start":770.98,"end":771.63},{"text":"assistance","start":771.63,"end":772.27},{"text":"presents","start":772.27,"end":772.92},{"text":"a","start":772.92,"end":773.57},{"text":"troubling","start":773.57,"end":774.21},{"text":"picture.","start":774.21,"end":774.86}]},{"text":"Aid is declining when it's needed most.","start":774.86,"end":779.39,"topics":[],"words":[{"text":"Aid","start":774.86,"end":775.51},{"text":"is","start":775.51,"end":776.15},{"text":"declining","start":776.15,"end":776.8},{"text":"when","start":776.8,"end":777.45},{"text":"it's","start":777.45,"end":778.09},{"text":"needed","start":778.09,"end":778.74},{"text":"most.","start":778.74,"end":779.39}]},{"text":"For three consecutive years, official assistance to developing countries has declined.","start":779.39,"end":786.5,"topics":[],"words":[{"text":"For","start":779.39,"end":780.03},{"text":"three","start":780.03,"end":780.68},{"text":"consecutive","start":780.68,"end":781.33},{"text":"years,","start":781.33,"end":781.97},{"text":"official","start":781.97,"end":782.62},{"text":"assistance","start":782.62,"end":783.27},{"text":"to","start":783.27,"end":783.91},{"text":"developing","start":783.91,"end":784.56},{"text":"countries","start":784.56,"end":785.21},{"text":"has","start":785.21,"end":785.85},{"text":"declined.","start":785.85,"end":786.5}]},{"text":"Last year alone, it fell by 2%.","start":786.5,"end":791,"topics":[],"words":[{"text":"Last","start":786.5,"end":787.15},{"text":"year","start":787.15,"end":787.79},{"text":"alone,","start":787.79,"end":788.44},{"text":"it","start":788.44,"end":789.09},{"text":"fell","start":789.09,"end":789.73},{"text":"by","start":789.73,"end":790.38},{"text":"2%.","start":790.38,"end":791}]},{"text":"And there are some forecasts suggesting that in 2025, the decline could reach nearly 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sustainability.","start":798.63,"end":815.15,"topics":[],"words":[{"text":"And","start":798.63,"end":798.95},{"text":"this","start":798.95,"end":799.31},{"text":"is","start":801.07,"end":801.55},{"text":"happening","start":801.55,"end":802.27},{"text":"in","start":802.91,"end":803.11},{"text":"a","start":803.11,"end":803.15},{"text":"moment","start":803.15,"end":803.87},{"text":"where","start":804.35,"end":804.75},{"text":"in","start":805.23,"end":805.39},{"text":"the","start":805.39,"end":805.55},{"text":"world,","start":805.55,"end":806.19},{"text":"65%","start":807.15,"end":807.19},{"text":"of","start":807.23,"end":807.43},{"text":"developing","start":807.43,"end":808.67},{"text":"countries","start":808.67,"end":809.47},{"text":"experience","start":809.71,"end":810.59},{"text":"a","start":810.59,"end":810.67},{"text":"deterioration","start":810.67,"end":811.79},{"text":"in","start":811.79,"end":812.03},{"text":"their","start":812.03,"end":812.35},{"text":"external","start":812.35,"end":813.23},{"text":"debt","start":813.47,"end":813.95},{"text":"sustainability.","start":814.11,"end":815.15}]},{"text":"And at the same time, we see that aid in essential sectors, such as health, has dropped at a time when 3.4 billion people live in countries that spend more on servicing their debt than on health or 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we wonder why there is no sense of urgency.","start":836.63,"end":840.99,"topics":[],"words":[{"text":"And","start":836.63,"end":836.83},{"text":"we","start":836.83,"end":836.99},{"text":"wonder","start":836.99,"end":837.63},{"text":"why","start":838.67,"end":838.99},{"text":"there","start":838.99,"end":839.19},{"text":"is","start":839.19,"end":839.39},{"text":"no","start":839.39,"end":839.55},{"text":"sense","start":839.55,"end":839.87},{"text":"of","start":839.87,"end":840.11},{"text":"urgency.","start":840.11,"end":840.99}]},{"text":"And we answer, because Countries are continuing to pay because they prefer to pay and default on development than default on the 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also, there is no sense of urgency because the markets are not in crisis, but people are.","start":855.31,"end":862.03,"topics":[],"words":[{"text":"And","start":855.31,"end":855.63},{"text":"also,","start":855.63,"end":856.27},{"text":"there","start":856.27,"end":856.55},{"text":"is","start":856.55,"end":856.67},{"text":"no","start":856.67,"end":856.83},{"text":"sense","start":856.83,"end":857.07},{"text":"of","start":857.07,"end":857.23},{"text":"urgency","start":857.23,"end":857.95},{"text":"because","start":858.03,"end":858.39},{"text":"the","start":858.39,"end":858.47},{"text":"markets","start":858.47,"end":859.23},{"text":"are","start":859.47,"end":859.55},{"text":"not","start":859.55,"end":859.83},{"text":"in","start":859.83,"end":859.95},{"text":"crisis,","start":859.95,"end":860.59},{"text":"but","start":860.91,"end":861.15},{"text":"people","start":861.15,"end":861.71},{"text":"are.","start":861.71,"end":862.03}]},{"text":"People are in crisis.","start":862.51,"end":864.51,"topics":[],"words":[{"text":"People","start":862.51,"end":862.99},{"text":"are","start":863.15,"end":863.55},{"text":"in","start":863.71,"end":863.87},{"text":"crisis.","start":863.87,"end":864.51}]},{"text":"However, What we see also is that funding for emergency response is growing, which signals that underinvestment in resilience means that we need more funds to deal with the great consequences of underinvestment.","start":865.63,"end":881.75,"topics":[],"words":[{"text":"However,","start":865.63,"end":866.27},{"text":"What","start":866.99,"end":867.23},{"text":"we","start":867.23,"end":867.43},{"text":"see","start":867.43,"end":867.75},{"text":"also","start":867.75,"end":868.23},{"text":"is","start":868.23,"end":868.39},{"text":"that","start":868.39,"end":868.63},{"text":"funding","start":868.63,"end":869.27},{"text":"for","start":869.27,"end":869.59},{"text":"emergency","start":869.59,"end":870.47},{"text":"response","start":870.47,"end":871.35},{"text":"is","start":871.67,"end":871.91},{"text":"growing,","start":871.91,"end":872.55},{"text":"which","start":872.79,"end":873.11},{"text":"signals","start":873.11,"end":873.91},{"text":"that","start":873.91,"end":874.31},{"text":"underinvestment","start":874.39,"end":875.39},{"text":"in","start":875.39,"end":875.51},{"text":"resilience","start":875.51,"end":876.31},{"text":"means","start":876.63,"end":877.11},{"text":"that","start":877.11,"end":877.27},{"text":"we","start":877.27,"end":877.43},{"text":"need","start":877.43,"end":877.67},{"text":"more","start":877.67,"end":877.91},{"text":"funds","start":877.91,"end":878.39},{"text":"to","start":878.39,"end":878.55},{"text":"deal","start":878.55,"end":878.87},{"text":"with","start":878.87,"end":879.03},{"text":"the","start":879.03,"end":879.11},{"text":"great","start":879.11,"end":879.51},{"text":"consequences","start":879.51,"end":880.55},{"text":"of","start":880.83,"end":880.95},{"text":"underinvestment.","start":880.95,"end":881.75}]},{"text":"So we forget so often, as I say a lot, that the short and the long term start at the same 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is no long term that is only a consecutive succession of short-termism.","start":894.87,"end":900.55,"topics":[],"words":[{"text":"There","start":894.87,"end":895.11},{"text":"is","start":895.11,"end":895.27},{"text":"no","start":895.27,"end":895.51},{"text":"long","start":895.83,"end":896.23},{"text":"term","start":896.23,"end":896.55},{"text":"that","start":896.55,"end":896.71},{"text":"is","start":896.71,"end":896.95},{"text":"only","start":896.95,"end":897.27},{"text":"a","start":897.59,"end":897.67},{"text":"consecutive","start":897.67,"end":898.55},{"text":"succession","start":898.63,"end":899.51},{"text":"of","start":899.51,"end":899.63},{"text":"short-termism.","start":899.63,"end":900.55}]},{"text":"So we have to say also that we should not limit the discussion on financing for development to 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most of the developing countries that are in this room will tell you that what they want is a level playing field that opens opportunities for 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will tell you that sustaining development must be about tackling systemic issues that lock people and countries in poverty, inequality, lack of opportunity and 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at the same time, we know the world is in a moment of very serious tensions.","start":1747.47,"end":1753.87,"topics":[],"words":[{"text":"But","start":1747.47,"end":1747.63},{"text":"at","start":1747.63,"end":1747.71},{"text":"the","start":1747.71,"end":1747.79},{"text":"same","start":1747.79,"end":1748.11},{"text":"time,","start":1748.11,"end":1748.67},{"text":"we","start":1749.15,"end":1749.31},{"text":"know","start":1749.31,"end":1749.55},{"text":"the","start":1749.55,"end":1749.71},{"text":"world","start":1749.71,"end":1750.35},{"text":"is","start":1750.35,"end":1751.15},{"text":"in","start":1752.03,"end":1752.23},{"text":"a","start":1752.23,"end":1752.27},{"text":"moment","start":1752.27,"end":1752.55},{"text":"of","start":1752.55,"end":1752.63},{"text":"very","start":1752.63,"end":1752.79},{"text":"serious","start":1752.79,"end":1753.23},{"text":"tensions.","start":1753.23,"end":1753.87}]},{"text":"The United States, there isn't even a delegation present 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issue is the reinforcement of national systems.","start":1931.95,"end":1935.79,"topics":[],"words":[{"text":"Another","start":1931.95,"end":1932.43},{"text":"issue","start":1932.43,"end":1932.91},{"text":"is","start":1932.91,"end":1933.55},{"text":"the","start":1933.63,"end":1933.87},{"text":"reinforcement","start":1933.87,"end":1934.67},{"text":"of","start":1934.67,"end":1934.83},{"text":"national","start":1934.83,"end":1935.23},{"text":"systems.","start":1935.23,"end":1935.79}]},{"text":"This can be done through encouraging donors to participate in planning system and through clear and transparent follow-up and accountability 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our opinion, it would be interesting to simplify procedures for our partner countries as well.","start":1960.15,"end":1968.19,"topics":[],"words":[{"text":"In","start":1960.15,"end":1960.39},{"text":"our","start":1960.39,"end":1960.67},{"text":"opinion,","start":1960.67,"end":1961.19},{"text":"it","start":1961.43,"end":1961.55},{"text":"would","start":1961.55,"end":1961.71},{"text":"be","start":1961.71,"end":1961.79},{"text":"interesting","start":1961.79,"end":1962.31},{"text":"to","start":1962.31,"end":1962.51},{"text":"simplify","start":1962.55,"end":1963.51},{"text":"procedures","start":1965.27,"end":1966.03},{"text":"for","start":1966.35,"end":1966.75},{"text":"our","start":1966.83,"end":1966.99},{"text":"partner","start":1966.99,"end":1967.39},{"text":"countries","start":1967.39,"end":1967.87},{"text":"as","start":1967.87,"end":1967.95},{"text":"well.","start":1967.95,"end":1968.19}]},{"text":"And here we would need to think in a reform of multilateral organizations and to equip these emerging countries with a greater presence, such as the development banks or the UN.","start":1972.51,"end":1989.87,"topics":[],"words":[{"text":"And","start":1972.51,"end":1972.79},{"text":"here","start":1972.99,"end":1973.47},{"text":"we","start":1973.47,"end":1973.63},{"text":"would","start":1973.63,"end":1973.79},{"text":"need","start":1973.79,"end":1973.99},{"text":"to","start":1973.99,"end":1974.27},{"text":"think","start":1974.27,"end":1974.59},{"text":"in","start":1974.59,"end":1974.79},{"text":"a","start":1974.79,"end":1974.83},{"text":"reform","start":1974.91,"end":1975.71},{"text":"of","start":1975.71,"end":1976.19},{"text":"multilateral","start":1976.19,"end":1977.03},{"text":"organizations","start":1977.03,"end":1978.03},{"text":"and","start":1979.07,"end":1979.31},{"text":"to","start":1979.71,"end":1979.91},{"text":"equip","start":1984.03,"end":1984.55},{"text":"these","start":1984.55,"end":1984.99},{"text":"emerging","start":1984.99,"end":1985.47},{"text":"countries","start":1985.47,"end":1986.11},{"text":"with","start":1986.11,"end":1986.35},{"text":"a","start":1986.35,"end":1986.43},{"text":"greater","start":1986.43,"end":1986.91},{"text":"presence,","start":1987.07,"end":1987.67},{"text":"such","start":1987.67,"end":1987.87},{"text":"as","start":1987.87,"end":1987.99},{"text":"the","start":1987.99,"end":1988.11},{"text":"development","start":1988.11,"end":1988.67},{"text":"banks","start":1988.67,"end":1989.03},{"text":"or","start":1989.03,"end":1989.15},{"text":"the","start":1989.15,"end":1989.31},{"text":"UN.","start":1989.31,"end":1989.87}]},{"text":"And we need to try and nationalize the different instruments to avoid fragmentation and to better manage international financing architecture.","start":1990.43,"end":2002.43,"topics":[],"words":[{"text":"And","start":1990.43,"end":1990.83},{"text":"we","start":1990.83,"end":1991.07},{"text":"need","start":1991.07,"end":1991.27},{"text":"to","start":1991.27,"end":1991.43},{"text":"try","start":1991.63,"end":1991.91},{"text":"and","start":1991.91,"end":1992.03},{"text":"nationalize","start":1992.03,"end":1992.71},{"text":"the","start":1992.71,"end":1992.79},{"text":"different","start":1992.79,"end":1993.39},{"text":"instruments","start":1994.27,"end":1994.99},{"text":"to","start":1995.75,"end":1995.83},{"text":"avoid","start":1997.23,"end":1997.63},{"text":"fragmentation","start":1997.63,"end":1998.51},{"text":"and","start":1998.51,"end":1998.63},{"text":"to","start":1998.63,"end":1998.83},{"text":"better","start":1998.83,"end":1999.23},{"text":"manage","start":1999.23,"end":1999.71},{"text":"international","start":2000.03,"end":2000.79},{"text":"financing","start":2001.15,"end":2001.71},{"text":"architecture.","start":2001.71,"end":2002.43}]},{"text":"To conclude, let us think that the re-dynamization of cooperation requires a change, a paradigm shift, rather.","start":2002.75,"end":2011.31,"topics":[],"words":[{"text":"To","start":2002.75,"end":2002.91},{"text":"conclude,","start":2002.91,"end":2003.39},{"text":"let","start":2003.71,"end":2003.83},{"text":"us","start":2003.83,"end":2003.95},{"text":"think","start":2003.95,"end":2004.23},{"text":"that","start":2004.23,"end":2004.43},{"text":"the","start":2004.43,"end":2004.55},{"text":"re-dynamization","start":2004.55,"end":2005.71},{"text":"of","start":2005.75,"end":2005.87},{"text":"cooperation","start":2005.87,"end":2006.75},{"text":"requires","start":2007.15,"end":2007.95},{"text":"a","start":2008.03,"end":2008.11},{"text":"change,","start":2008.19,"end":2008.83},{"text":"a","start":2009.87,"end":2009.95},{"text":"paradigm","start":2009.95,"end":2010.35},{"text":"shift,","start":2010.35,"end":2010.83},{"text":"rather.","start":2010.83,"end":2011.31}]},{"text":"We should go from a 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international.","start":2026.31,"end":2036.79,"topics":[],"words":[{"text":"This","start":2026.31,"end":2026.59},{"text":"would","start":2026.59,"end":2026.75},{"text":"provide","start":2026.75,"end":2027.35},{"text":"more","start":2027.35,"end":2027.75},{"text":"agile","start":2027.75,"end":2028.55},{"text":"instruments,","start":2028.79,"end":2029.59},{"text":"more","start":2029.75,"end":2030.07},{"text":"inclusive","start":2030.07,"end":2030.55},{"text":"development,","start":2030.55,"end":2031.51},{"text":"and","start":2031.59,"end":2032.15},{"text":"renewed","start":2033.19,"end":2033.67},{"text":"governance","start":2033.67,"end":2034.47},{"text":"in","start":2034.63,"end":2034.83},{"text":"all","start":2034.83,"end":2035.07},{"text":"levels,","start":2035.07,"end":2035.59},{"text":"national,","start":2035.59,"end":2036.11},{"text":"international.","start":2036.11,"end":2036.79}]}]}],"speaker":{"name":"Mohamed Ould 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cooperation?","start":2046.55,"end":2066.66,"topics":[],"words":[{"text":"In","start":2046.55,"end":2046.75},{"text":"a","start":2046.75,"end":2046.79},{"text":"world","start":2046.79,"end":2047.03},{"text":"that's","start":2047.03,"end":2047.79},{"text":"becoming","start":2048.31,"end":2048.87},{"text":"a","start":2048.87,"end":2048.95},{"text":"sort","start":2048.95,"end":2049.19},{"text":"of","start":2049.19,"end":2049.27},{"text":"zero-sum","start":2049.27,"end":2049.75},{"text":"game,","start":2049.75,"end":2050.47},{"text":"what","start":2050.55,"end":2050.87},{"text":"is","start":2050.87,"end":2051.07},{"text":"the","start":2051.07,"end":2051.19},{"text":"future","start":2051.19,"end":2052.51},{"text":"of","start":2060.02,"end":2060.42},{"text":"cooperation?","start":2062.42,"end":2066.66}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":10,"start":2066.9,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=2067","paragraphs":[{"sentences":[{"text":"I'd 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all of this should be reviewed.","start":2174.59,"end":2176.83,"topics":[],"words":[{"text":"So","start":2174.59,"end":2174.87},{"text":"all","start":2174.87,"end":2174.99},{"text":"of","start":2174.99,"end":2175.07},{"text":"this","start":2175.07,"end":2175.31},{"text":"should","start":2175.31,"end":2175.55},{"text":"be","start":2175.55,"end":2175.95},{"text":"reviewed.","start":2176.03,"end":2176.83}]},{"text":"International cooperation today should put humans at the heart of 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would allow preserving world peace and world security.","start":2201.87,"end":2205.83,"topics":[],"words":[{"text":"This","start":2201.87,"end":2202.23},{"text":"would","start":2202.23,"end":2202.47},{"text":"allow","start":2202.47,"end":2202.87},{"text":"preserving","start":2202.87,"end":2203.75},{"text":"world","start":2203.75,"end":2204.15},{"text":"peace","start":2204.15,"end":2204.55},{"text":"and","start":2204.55,"end":2204.79},{"text":"world","start":2204.79,"end":2205.15},{"text":"security.","start":2205.15,"end":2205.83}]},{"text":"Well, international cooperation.","start":2209.11,"end":2211.27,"topics":[],"words":[{"text":"Well,","start":2209.11,"end":2209.51},{"text":"international","start":2209.51,"end":2210.19},{"text":"cooperation.","start":2210.19,"end":2211.27}]},{"text":"fails to consider that that is the most important pillar, there won't be a peace that allows observing all these 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that is why it is important to maintain a solidarity-based relationship with these countries.","start":2231.39,"end":2237.63,"topics":[],"words":[{"text":"And","start":2231.39,"end":2231.67},{"text":"that","start":2231.67,"end":2231.87},{"text":"is","start":2231.87,"end":2232.03},{"text":"why","start":2232.03,"end":2232.19},{"text":"it","start":2232.19,"end":2232.27},{"text":"is","start":2232.27,"end":2232.39},{"text":"important","start":2232.39,"end":2232.95},{"text":"to","start":2232.95,"end":2233.07},{"text":"maintain","start":2233.07,"end":2233.87},{"text":"a","start":2234.19,"end":2234.27},{"text":"solidarity-based","start":2234.27,"end":2235.59},{"text":"relationship","start":2235.59,"end":2236.31},{"text":"with","start":2236.31,"end":2236.47},{"text":"these","start":2236.47,"end":2236.91},{"text":"countries.","start":2236.91,"end":2237.63}]}]}],"speaker":{"name":"Bassirou Diomaye Faye","affiliation":"SEN","affiliation_full":"Senegal","group":null,"function":"President"}},{"statement_number":11,"start":2237.87,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=2238","paragraphs":[{"sentences":[{"text":"Now, talking about how to better work together, but the reality is the world outside, there's a number of wars that are going on.","start":2237.87,"end":2245.55,"topics":[],"words":[{"text":"Now,","start":2237.87,"end":2238.19},{"text":"talking","start":2238.19,"end":2238.75},{"text":"about","start":2238.75,"end":2239.23},{"text":"how","start":2239.23,"end":2239.39},{"text":"to","start":2239.39,"end":2239.55},{"text":"better","start":2239.55,"end":2239.83},{"text":"work","start":2239.83,"end":2240.19},{"text":"together,","start":2240.19,"end":2240.83},{"text":"but","start":2241.31,"end":2241.43},{"text":"the","start":2241.43,"end":2241.51},{"text":"reality","start":2241.51,"end":2242.03},{"text":"is","start":2242.03,"end":2242.19},{"text":"the","start":2242.19,"end":2242.31},{"text":"world","start":2242.31,"end":2242.67},{"text":"outside,","start":2242.71,"end":2243.31},{"text":"there's","start":2243.71,"end":2243.99},{"text":"a","start":2243.99,"end":2244.03},{"text":"number","start":2244.03,"end":2244.27},{"text":"of","start":2244.27,"end":2244.35},{"text":"wars","start":2244.35,"end":2244.63},{"text":"that","start":2244.63,"end":2244.75},{"text":"are","start":2244.75,"end":2244.83},{"text":"going","start":2244.83,"end":2245.07},{"text":"on.","start":2245.07,"end":2245.55}]},{"text":"The world seems to be moving in a way that is much more aggressive.","start":2246.11,"end":2249.47,"topics":[],"words":[{"text":"The","start":2246.11,"end":2246.51},{"text":"world","start":2246.51,"end":2246.91},{"text":"seems","start":2246.91,"end":2247.15},{"text":"to","start":2247.15,"end":2247.23},{"text":"be","start":2247.23,"end":2247.39},{"text":"moving","start":2247.39,"end":2247.71},{"text":"in","start":2247.71,"end":2247.79},{"text":"a","start":2247.79,"end":2247.87},{"text":"way","start":2247.87,"end":2248.03},{"text":"that","start":2248.03,"end":2248.19},{"text":"is","start":2248.19,"end":2248.35},{"text":"much","start":2248.35,"end":2248.67},{"text":"more","start":2248.67,"end":2248.87},{"text":"aggressive.","start":2248.87,"end":2249.47}]},{"text":"So how can we even talk about cooperation in this context?","start":2250.11,"end":2253.55,"topics":[],"words":[{"text":"So","start":2250.11,"end":2250.43},{"text":"how","start":2250.43,"end":2250.67},{"text":"can","start":2250.67,"end":2250.83},{"text":"we","start":2250.83,"end":2251.03},{"text":"even","start":2251.03,"end":2251.23},{"text":"talk","start":2251.23,"end":2251.47},{"text":"about","start":2251.47,"end":2251.75},{"text":"cooperation","start":2251.79,"end":2252.59},{"text":"in","start":2252.59,"end":2252.67},{"text":"this","start":2252.67,"end":2252.83},{"text":"context?","start":2252.83,"end":2253.55}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":12,"start":2296.19,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=2297","paragraphs":[{"sentences":[{"text":"Excellencies, distinguished delegates, good morning and namaste.","start":2296.19,"end":2301.91,"topics":[],"words":[{"text":"Excellencies,","start":2296.19,"end":2297.23},{"text":"distinguished","start":2298.11,"end":2298.79},{"text":"delegates,","start":2298.79,"end":2299.39},{"text":"good","start":2300.43,"end":2300.67},{"text":"morning","start":2300.67,"end":2301.15},{"text":"and","start":2301.15,"end":2301.51},{"text":"namaste.","start":2301.51,"end":2301.91}]},{"text":"I am honored to join this special event in which Investing in Global Solidarity, a new vision of development cooperation.","start":2303.31,"end":2312.91,"topics":[{"key":"development-cooperation","label":"Development Cooperation and ODA","description":"A major theme was the role of official development assistance and broader development cooperation at a time of declining aid budgets. Speakers discussed protecting aid levels, meeting the 0.7% target, improving predictability, and ensuring that assistance is effective and aligned with country needs."}],"words":[{"text":"I","start":2303.31,"end":2303.39},{"text":"am","start":2303.39,"end":2303.63},{"text":"honored","start":2303.63,"end":2303.95},{"text":"to","start":2303.95,"end":2304.11},{"text":"join","start":2304.11,"end":2304.35},{"text":"this","start":2304.35,"end":2304.71},{"text":"special","start":2304.71,"end":2305.15},{"text":"event","start":2305.15,"end":2305.55},{"text":"in","start":2305.55,"end":2305.87},{"text":"which","start":2306.27,"end":2306.75},{"text":"Investing","start":2307.51,"end":2308.07},{"text":"in","start":2308.07,"end":2308.23},{"text":"Global","start":2308.23,"end":2308.79},{"text":"Solidarity,","start":2308.87,"end":2309.75},{"text":"a","start":2309.91,"end":2309.99},{"text":"new","start":2309.99,"end":2310.39},{"text":"vision","start":2310.39,"end":2310.83},{"text":"of","start":2310.83,"end":2311.03},{"text":"development","start":2311.43,"end":2312.15},{"text":"cooperation.","start":2312.31,"end":2312.91}]},{"text":"Let me begin by extending my deepest appreciation to His Excellency, Mr. Pedro Sanchez, for convening this timely and important gathering.","start":2314.23,"end":2326.15,"topics":[],"words":[{"text":"Let","start":2314.23,"end":2314.43},{"text":"me","start":2314.43,"end":2314.63},{"text":"begin","start":2314.63,"end":2315.19},{"text":"by","start":2315.51,"end":2315.75},{"text":"extending","start":2315.75,"end":2316.35},{"text":"my","start":2316.35,"end":2316.55},{"text":"deepest","start":2316.55,"end":2317.11},{"text":"appreciation","start":2317.11,"end":2317.99},{"text":"to","start":2318.23,"end":2318.35},{"text":"His","start":2318.35,"end":2318.51},{"text":"Excellency,","start":2318.55,"end":2319.19},{"text":"Mr.","start":2319.19,"end":2319.75},{"text":"Pedro","start":2320.39,"end":2320.79},{"text":"Sanchez,","start":2320.79,"end":2321.59},{"text":"for","start":2322.55,"end":2322.95},{"text":"convening","start":2322.95,"end":2323.51},{"text":"this","start":2323.51,"end":2323.71},{"text":"timely","start":2323.71,"end":2324.39},{"text":"and","start":2324.39,"end":2324.79},{"text":"important","start":2324.79,"end":2325.51},{"text":"gathering.","start":2325.71,"end":2326.15}]},{"text":"This event reaffirms the enduring value of development cooperation, especially in a time marked by resurgent nationalism, growing protectionism, and regional and global conflicts.","start":2329.11,"end":2348.27,"topics":[{"key":"development-cooperation","label":"Development Cooperation and ODA","description":"A major theme was the role of official development assistance and broader development cooperation at a time of declining aid budgets. 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point I wanted to mention is about financial innovation.","start":2764.39,"end":2768.99,"topics":[],"words":[{"text":"Second","start":2764.39,"end":2764.79},{"text":"point","start":2764.79,"end":2765.11},{"text":"I","start":2765.11,"end":2765.19},{"text":"wanted","start":2765.19,"end":2765.55},{"text":"to","start":2765.55,"end":2765.67},{"text":"mention","start":2765.67,"end":2766.23},{"text":"is","start":2766.23,"end":2766.39},{"text":"about","start":2766.39,"end":2766.79},{"text":"financial","start":2767.39,"end":2768.11},{"text":"innovation.","start":2768.11,"end":2768.99}]},{"text":"You're absolutely right, we need to work on climate resilience clauses, we need to look into lending with national currencies, we need to build also the national capital and banking sectors, we need to find innovative ways to 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here again, count on us.","start":2787.63,"end":2789.71,"topics":[],"words":[{"text":"And","start":2787.63,"end":2787.95},{"text":"here","start":2787.95,"end":2788.31},{"text":"again,","start":2788.31,"end":2788.75},{"text":"count","start":2788.83,"end":2789.23},{"text":"on","start":2789.23,"end":2789.43},{"text":"us.","start":2789.43,"end":2789.71}]},{"text":"Third point, which has not been mentioned, and I would like to stress, is the mobilization of the private 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Sevilla.","start":2978.07,"end":2979.91,"topics":[],"words":[{"text":"And","start":2978.07,"end":2978.19},{"text":"we","start":2978.19,"end":2978.31},{"text":"can","start":2978.31,"end":2978.47},{"text":"see","start":2978.47,"end":2978.71},{"text":"it","start":2978.71,"end":2978.79},{"text":"here","start":2978.79,"end":2979.19},{"text":"in","start":2979.19,"end":2979.27},{"text":"Sevilla.","start":2979.27,"end":2979.91}]},{"text":"So we can be a bridge between regions that wants to be 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the important part is those are concrete, those are commitments that benefits the governments, benefits the 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you.","start":3118.95,"end":3120.95,"topics":[],"words":[{"text":"Mr.","start":3118.95,"end":3119.23},{"text":"Sussmann,","start":3119.23,"end":3119.63},{"text":"now","start":3119.63,"end":3119.79},{"text":"a","start":3119.79,"end":3119.83},{"text":"question","start":3119.83,"end":3120.39},{"text":"for","start":3120.39,"end":3120.63},{"text":"you.","start":3120.63,"end":3120.95}]},{"text":"The president of the EIB, she said the European Union will stay the 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yesterday.","start":3126.27,"end":3128.99,"topics":[],"words":[{"text":"The","start":3126.27,"end":3126.43},{"text":"head","start":3126.43,"end":3126.63},{"text":"of","start":3126.63,"end":3126.71},{"text":"the","start":3126.71,"end":3126.83},{"text":"European","start":3126.83,"end":3127.27},{"text":"Commission","start":3127.27,"end":3127.71},{"text":"also","start":3127.71,"end":3127.87},{"text":"repeated","start":3127.87,"end":3128.27},{"text":"that","start":3128.27,"end":3128.43},{"text":"yesterday.","start":3128.43,"end":3128.99}]},{"text":"But globally, just the fact that the United States pulls out will pay significantly 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think there are different leverages that can be activated in this sense.","start":3467.39,"end":3473.51,"topics":[],"words":[{"text":"We","start":3467.39,"end":3467.55},{"text":"think","start":3467.55,"end":3467.75},{"text":"there","start":3467.75,"end":3468.03},{"text":"are","start":3468.03,"end":3468.11},{"text":"different","start":3468.19,"end":3468.71},{"text":"leverages","start":3468.75,"end":3469.63},{"text":"that","start":3470.75,"end":3470.91},{"text":"can","start":3470.91,"end":3471.23},{"text":"be","start":3471.23,"end":3471.71},{"text":"activated","start":3471.95,"end":3472.71},{"text":"in","start":3472.75,"end":3472.91},{"text":"this","start":3472.91,"end":3473.11},{"text":"sense.","start":3473.11,"end":3473.51}]},{"text":"First, we should promote multilateral 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up, we are convinced.","start":3597.23,"end":3599.75,"topics":[],"words":[{"text":"Summing","start":3597.23,"end":3597.71},{"text":"up,","start":3597.71,"end":3597.95},{"text":"we","start":3598.03,"end":3598.51},{"text":"are","start":3598.51,"end":3598.67},{"text":"convinced.","start":3598.67,"end":3599.75}]}]},{"sentences":[{"text":"that by implementing these strategies or similar strategies, trying to work on all those pillars, we will be able to reestablish, to restore trust and confidence between the different stakeholders for which development aid is important, and that also attests to our commitment to 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this context, in the world, which is quite difficult.","start":3629.19,"end":3633.11,"topics":[],"words":[{"text":"in","start":3629.19,"end":3629.35},{"text":"this","start":3629.35,"end":3629.59},{"text":"context,","start":3629.59,"end":3630.19},{"text":"in","start":3630.55,"end":3630.71},{"text":"the","start":3630.71,"end":3630.79},{"text":"world,","start":3630.79,"end":3631.35},{"text":"which","start":3631.55,"end":3631.91},{"text":"is","start":3631.91,"end":3632.23},{"text":"quite","start":3632.47,"end":3632.67},{"text":"difficult.","start":3632.67,"end":3633.11}]},{"text":"We need to recognize that.","start":3633.11,"end":3634.87,"topics":[],"words":[{"text":"We","start":3633.11,"end":3633.19},{"text":"need","start":3633.19,"end":3633.35},{"text":"to","start":3633.35,"end":3633.75},{"text":"recognize","start":3633.99,"end":3634.63},{"text":"that.","start":3634.63,"end":3634.87}]},{"text":"So it's not just about saving a system, but rather to renew a solidarity-based compact at the world stage in a more equitable way as 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Ould Gueswane","affiliation":"MRT","affiliation_full":"Mauritania","group":null,"function":"President"}},{"statement_number":21,"start":3649.27,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=3650","paragraphs":[{"sentences":[{"text":"Like to ask you a very similar question.","start":3649.27,"end":3651.51,"topics":[],"words":[{"text":"Like","start":3649.27,"end":3649.43},{"text":"to","start":3649.43,"end":3649.59},{"text":"ask","start":3649.59,"end":3649.83},{"text":"you","start":3649.83,"end":3649.99},{"text":"a","start":3650.39,"end":3650.47},{"text":"very","start":3650.47,"end":3650.79},{"text":"similar","start":3650.79,"end":3651.15},{"text":"question.","start":3651.15,"end":3651.51}]},{"text":"The president just said the multilateral world is in a moment of difficulty.","start":3651.51,"end":3655.95,"topics":[],"words":[{"text":"The","start":3651.51,"end":3651.59},{"text":"president","start":3651.59,"end":3652.11},{"text":"just","start":3652.11,"end":3652.35},{"text":"said","start":3652.35,"end":3652.71},{"text":"the","start":3653.31,"end":3653.47},{"text":"multilateral","start":3653.47,"end":3654.11},{"text":"world","start":3654.11,"end":3654.43},{"text":"is","start":3654.43,"end":3654.59},{"text":"in","start":3654.59,"end":3654.83},{"text":"a","start":3654.83,"end":3654.99},{"text":"moment","start":3654.99,"end":3655.35},{"text":"of","start":3655.35,"end":3655.43},{"text":"difficulty.","start":3655.43,"end":3655.95}]},{"text":"There's no point denying 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it's multilateralism that counts in that respect, right?","start":3852.83,"end":3856.27,"topics":[],"words":[{"text":"So","start":3852.83,"end":3853.15},{"text":"it's","start":3853.55,"end":3853.87},{"text":"multilateralism","start":3853.87,"end":3854.91},{"text":"that","start":3854.91,"end":3855.07},{"text":"counts","start":3855.07,"end":3855.39},{"text":"in","start":3855.39,"end":3855.51},{"text":"that","start":3855.51,"end":3855.67},{"text":"respect,","start":3855.67,"end":3856.03},{"text":"right?","start":3856.03,"end":3856.27}]},{"text":"Thank you very much.","start":3856.75,"end":3857.55,"topics":[],"words":[{"text":"Thank","start":3856.75,"end":3856.95},{"text":"you","start":3856.95,"end":3857.03},{"text":"very","start":3857.03,"end":3857.19},{"text":"much.","start":3857.19,"end":3857.55}]}]}],"speaker":{"name":"Bassirou Diomaye 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War.","start":4136.83,"end":4141.39,"topics":[],"words":[{"text":"The","start":4136.83,"end":4136.91},{"text":"multilateral","start":4136.91,"end":4137.71},{"text":"system","start":4137.71,"end":4138.35},{"text":"was","start":4138.67,"end":4138.99},{"text":"created","start":4138.99,"end":4139.59},{"text":"after","start":4139.59,"end":4140.03},{"text":"the","start":4140.07,"end":4140.15},{"text":"Second","start":4140.19,"end":4140.47},{"text":"World","start":4140.51,"end":4140.83},{"text":"War.","start":4140.83,"end":4141.39}]},{"text":"Back then, there was only one country which represented 75 percent of world production.","start":4141.95,"end":4150.19,"topics":[],"words":[{"text":"Back","start":4141.95,"end":4142.19},{"text":"then,","start":4142.19,"end":4142.51},{"text":"there","start":4142.51,"end":4142.75},{"text":"was","start":4142.75,"end":4142.99},{"text":"only","start":4142.99,"end":4143.23},{"text":"one","start":4143.23,"end":4143.63},{"text":"country","start":4143.71,"end":4144.35},{"text":"which","start":4145.15,"end":4145.55},{"text":"represented","start":4145.55,"end":4146.31},{"text":"75","start":4146.51,"end":4147.31},{"text":"percent","start":4147.31,"end":4147.87},{"text":"of","start":4147.87,"end":4148.11},{"text":"world","start":4148.51,"end":4149.07},{"text":"production.","start":4149.55,"end":4150.19}]},{"text":"But the world has changed a lot, and we need to adapt the system.","start":4150.27,"end":4153.71,"topics":[],"words":[{"text":"But","start":4150.27,"end":4150.51},{"text":"the","start":4150.59,"end":4150.75},{"text":"world","start":4150.75,"end":4150.99},{"text":"has","start":4150.99,"end":4151.23},{"text":"changed","start":4151.23,"end":4151.71},{"text":"a","start":4151.71,"end":4151.79},{"text":"lot,","start":4151.79,"end":4152.15},{"text":"and","start":4152.15,"end":4152.27},{"text":"we","start":4152.27,"end":4152.35},{"text":"need","start":4152.35,"end":4152.51},{"text":"to","start":4152.51,"end":4152.67},{"text":"adapt","start":4152.67,"end":4153.03},{"text":"the","start":4153.03,"end":4153.15},{"text":"system.","start":4153.15,"end":4153.71}]},{"text":"same as the European Union, was born from the ashes of our wars after the Second World War.","start":4154.35,"end":4164.27,"topics":[],"words":[{"text":"same","start":4154.35,"end":4154.83},{"text":"as","start":4154.83,"end":4154.91},{"text":"the","start":4154.91,"end":4155.03},{"text":"European","start":4155.03,"end":4155.63},{"text":"Union,","start":4155.63,"end":4156.11},{"text":"was","start":4156.35,"end":4156.67},{"text":"born","start":4156.67,"end":4157.23},{"text":"from","start":4158.91,"end":4159.23},{"text":"the","start":4159.23,"end":4159.35},{"text":"ashes","start":4159.35,"end":4159.95},{"text":"of","start":4159.95,"end":4160.19},{"text":"our","start":4160.19,"end":4160.35},{"text":"wars","start":4160.35,"end":4161.23},{"text":"after","start":4162.75,"end":4163.07},{"text":"the","start":4163.07,"end":4163.19},{"text":"Second","start":4163.19,"end":4163.47},{"text":"World","start":4163.47,"end":4163.83},{"text":"War.","start":4163.83,"end":4164.27}]},{"text":"And that period of 80 years of peace was the longest peaceful period in Europe, in our history.","start":4164.83,"end":4176.27,"topics":[],"words":[{"text":"And","start":4164.83,"end":4165.11},{"text":"that","start":4165.11,"end":4165.27},{"text":"period","start":4165.27,"end":4165.79},{"text":"of","start":4169.03,"end":4169.15},{"text":"80","start":4169.15,"end":4169.79},{"text":"years","start":4169.79,"end":4170.19},{"text":"of","start":4170.19,"end":4170.35},{"text":"peace","start":4170.35,"end":4170.91},{"text":"was","start":4172.03,"end":4172.43},{"text":"the","start":4172.43,"end":4172.55},{"text":"longest","start":4172.55,"end":4173.35},{"text":"peaceful","start":4173.35,"end":4173.95},{"text":"period","start":4173.95,"end":4174.51},{"text":"in","start":4174.67,"end":4174.87},{"text":"Europe,","start":4174.87,"end":4175.31},{"text":"in","start":4175.39,"end":4175.55},{"text":"our","start":4175.55,"end":4175.71},{"text":"history.","start":4175.71,"end":4176.27}]},{"text":"So we need to resist, absolutely.","start":4176.27,"end":4179.95,"topics":[],"words":[{"text":"So","start":4176.27,"end":4176.59},{"text":"we","start":4177.15,"end":4177.71},{"text":"need","start":4177.71,"end":4178.11},{"text":"to","start":4178.19,"end":4178.43},{"text":"resist,","start":4178.67,"end":4179.31},{"text":"absolutely.","start":4179.31,"end":4179.95}]},{"text":"We need to fight for peace.","start":4179.95,"end":4181.55,"topics":[],"words":[{"text":"We","start":4179.95,"end":4180.07},{"text":"need","start":4180.07,"end":4180.23},{"text":"to","start":4180.23,"end":4180.35},{"text":"fight","start":4180.35,"end":4180.75},{"text":"for","start":4180.75,"end":4180.99},{"text":"peace.","start":4180.99,"end":4181.55}]},{"text":"We are fighting for civilization and democracy, and I think that we need to gather everyone around us.","start":4182.63,"end":4191.35,"topics":[],"words":[{"text":"We","start":4182.63,"end":4182.87},{"text":"are","start":4182.87,"end":4183.03},{"text":"fighting","start":4183.03,"end":4183.51},{"text":"for","start":4183.51,"end":4183.83},{"text":"civilization","start":4183.83,"end":4184.67},{"text":"and","start":4184.67,"end":4184.79},{"text":"democracy,","start":4184.79,"end":4185.43},{"text":"and","start":4185.75,"end":4185.91},{"text":"I","start":4185.91,"end":4186.07},{"text":"think","start":4186.07,"end":4186.55},{"text":"that","start":4186.55,"end":4186.79},{"text":"we","start":4186.79,"end":4187.03},{"text":"need","start":4187.03,"end":4187.27},{"text":"to","start":4187.27,"end":4187.83},{"text":"gather","start":4187.99,"end":4188.55},{"text":"everyone","start":4188.95,"end":4189.51},{"text":"around","start":4189.83,"end":4190.39},{"text":"us.","start":4190.95,"end":4191.35}]},{"text":"And this meeting here is very helpful for me because the term \"crisis\" can also mean \"change,\" and I want to take away this lesson from this 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concrete ideas.","start":4210.35,"end":4212.15,"topics":[],"words":[{"text":"Two","start":4210.35,"end":4210.71},{"text":"concrete","start":4210.79,"end":4211.43},{"text":"ideas.","start":4211.43,"end":4212.15}]},{"text":"First, we need to rethink, and we have already mentioned this, we have to really move away from this sort of North giving development aid to the South, which was based in a colonial world and a different economic 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need to move to partnerships.","start":4230.23,"end":4232.63,"topics":[],"words":[{"text":"We","start":4230.23,"end":4230.55},{"text":"need","start":4230.55,"end":4230.75},{"text":"to","start":4230.75,"end":4230.91},{"text":"move","start":4230.91,"end":4231.27},{"text":"to","start":4231.27,"end":4231.51},{"text":"partnerships.","start":4231.51,"end":4232.63}]},{"text":"Just before this panel, I had a meeting with the finance minister of India.","start":4233.43,"end":4237.35,"topics":[],"words":[{"text":"Just","start":4233.43,"end":4233.71},{"text":"before","start":4233.71,"end":4234.07},{"text":"this","start":4234.07,"end":4234.23},{"text":"panel,","start":4234.23,"end":4234.63},{"text":"I","start":4234.63,"end":4234.67},{"text":"had","start":4234.67,"end":4234.87},{"text":"a","start":4234.87,"end":4234.91},{"text":"meeting","start":4234.91,"end":4235.27},{"text":"with","start":4235.27,"end":4235.51},{"text":"the","start":4235.51,"end":4235.59},{"text":"finance","start":4235.67,"end":4236.15},{"text":"minister","start":4236.15,"end":4236.67},{"text":"of","start":4236.67,"end":4236.79},{"text":"India.","start":4236.79,"end":4237.35}]},{"text":"And we're going to see how to build a stronger partnership between the European Union and India around the 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I am sure that we can think of different approaches that move away from the large, powerful, small, vulnerable kind of 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need to work together with a different approach.","start":4254.11,"end":4256.67,"topics":[],"words":[{"text":"We","start":4254.11,"end":4254.27},{"text":"need","start":4254.27,"end":4254.47},{"text":"to","start":4254.47,"end":4254.55},{"text":"work","start":4254.55,"end":4254.83},{"text":"together","start":4254.83,"end":4255.23},{"text":"with","start":4255.23,"end":4255.39},{"text":"a","start":4255.39,"end":4255.43},{"text":"different","start":4255.43,"end":4256.03},{"text":"approach.","start":4256.03,"end":4256.67}]},{"text":"And secondly, let's focus on concrete deliverables.","start":4257.39,"end":4261.15,"topics":[],"words":[{"text":"And","start":4257.39,"end":4257.71},{"text":"secondly,","start":4257.79,"end":4258.51},{"text":"let's","start":4258.59,"end":4258.91},{"text":"focus","start":4258.91,"end":4259.39},{"text":"on","start":4259.39,"end":4259.55},{"text":"concrete","start":4259.55,"end":4260.35},{"text":"deliverables.","start":4260.35,"end":4261.15}]},{"text":"For example, it has already been mentioned, health.","start":4261.15,"end":4264.91,"topics":[],"words":[{"text":"For","start":4261.15,"end":4261.39},{"text":"example,","start":4261.39,"end":4262.11},{"text":"it","start":4262.19,"end":4262.43},{"text":"has","start":4262.43,"end":4262.63},{"text":"already","start":4262.63,"end":4262.99},{"text":"been","start":4262.99,"end":4263.31},{"text":"mentioned,","start":4263.31,"end":4264.11},{"text":"health.","start":4264.35,"end":4264.91}]},{"text":"For example, water.","start":4265.75,"end":4267.19,"topics":[],"words":[{"text":"For","start":4265.75,"end":4265.99},{"text":"example,","start":4265.99,"end":4266.63},{"text":"water.","start":4266.63,"end":4267.19}]},{"text":"We're going to be producing a report on what multilateral institutions are doing in the area of 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And Mr. Shatzman, now a question perhaps for you.","start":4483.19,"end":4489.51,"topics":[],"words":[{"text":"Thank","start":4483.19,"end":4483.51},{"text":"you.","start":4483.51,"end":4483.67},{"text":"And","start":4487.47,"end":4487.59},{"text":"Mr.","start":4487.59,"end":4487.87},{"text":"Shatzman,","start":4487.87,"end":4488.19},{"text":"now","start":4488.19,"end":4488.27},{"text":"a","start":4488.27,"end":4488.31},{"text":"question","start":4488.31,"end":4488.79},{"text":"perhaps","start":4488.79,"end":4489.15},{"text":"for","start":4489.15,"end":4489.35},{"text":"you.","start":4489.35,"end":4489.51}]},{"text":"We've heard now repeatedly the idea of the way that we look at development, it needs to now move into the idea of a partnership, and it also needs to become a win-win partnership.","start":4490.07,"end":4499.75,"topics":[],"words":[{"text":"We've","start":4490.07,"end":4490.27},{"text":"heard","start":4490.27,"end":4490.43},{"text":"now","start":4490.43,"end":4490.71},{"text":"repeatedly","start":4490.71,"end":4491.31},{"text":"the","start":4491.31,"end":4491.39},{"text":"idea","start":4491.39,"end":4491.95},{"text":"of","start":4491.95,"end":4492.07},{"text":"the","start":4492.39,"end":4492.51},{"text":"way","start":4492.51,"end":4492.71},{"text":"that","start":4492.71,"end":4492.87},{"text":"we","start":4492.87,"end":4493.03},{"text":"look","start":4493.03,"end":4493.31},{"text":"at","start":4493.31,"end":4493.43},{"text":"development,","start":4493.43,"end":4494.23},{"text":"it","start":4494.23,"end":4494.51},{"text":"needs","start":4494.51,"end":4494.79},{"text":"to","start":4494.79,"end":4494.91},{"text":"now","start":4494.91,"end":4495.03},{"text":"move","start":4495.03,"end":4495.35},{"text":"into","start":4495.35,"end":4495.51},{"text":"the","start":4495.51,"end":4495.63},{"text":"idea","start":4495.63,"end":4495.91},{"text":"of","start":4495.91,"end":4495.99},{"text":"a","start":4495.99,"end":4496.07},{"text":"partnership,","start":4496.07,"end":4496.71},{"text":"and","start":4497.03,"end":4497.19},{"text":"it","start":4497.19,"end":4497.27},{"text":"also","start":4497.27,"end":4497.51},{"text":"needs","start":4497.51,"end":4497.79},{"text":"to","start":4497.79,"end":4497.91},{"text":"become","start":4497.91,"end":4498.27},{"text":"a","start":4498.27,"end":4498.31},{"text":"win-win","start":4498.31,"end":4499.11},{"text":"partnership.","start":4499.11,"end":4499.75}]},{"text":"What does a win-win look like to you?","start":4499.95,"end":4501.99,"topics":[],"words":[{"text":"What","start":4499.95,"end":4500.31},{"text":"does","start":4500.31,"end":4500.47},{"text":"a","start":4500.47,"end":4500.55},{"text":"win-win","start":4500.55,"end":4501.11},{"text":"look","start":4501.11,"end":4501.27},{"text":"like","start":4501.27,"end":4501.51},{"text":"to","start":4501.51,"end":4501.71},{"text":"you?","start":4501.71,"end":4501.99}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":32,"start":4503.11,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=4504","paragraphs":[{"sentences":[{"text":"Well, first of all, let me actually go back to the question you posed, their excellencies, at the start, which is that multilateralism is a very abstract concept and why does it matter.","start":4503.11,"end":4514.55,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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it is a challenge, but I think the answer for all of us is be concrete and specific about the deliverables, and then that is going to help change the 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a political declaration.","start":4817.83,"end":4819.47,"topics":[],"words":[{"text":"It's","start":4817.83,"end":4818.07},{"text":"a","start":4818.07,"end":4818.11},{"text":"political","start":4818.11,"end":4818.59},{"text":"declaration.","start":4818.59,"end":4819.47}]},{"text":"Perhaps not legally binding, but it shows there's political impetus behind it.","start":4819.87,"end":4823.15,"topics":[],"words":[{"text":"Perhaps","start":4819.87,"end":4820.19},{"text":"not","start":4820.19,"end":4820.31},{"text":"legally","start":4820.31,"end":4820.63},{"text":"binding,","start":4820.63,"end":4820.99},{"text":"but","start":4820.99,"end":4821.19},{"text":"it","start":4821.19,"end":4821.31},{"text":"shows","start":4821.31,"end":4821.47},{"text":"there's","start":4821.47,"end":4821.75},{"text":"political","start":4821.75,"end":4822.11},{"text":"impetus","start":4822.11,"end":4822.59},{"text":"behind","start":4822.59,"end":4822.99},{"text":"it.","start":4822.99,"end":4823.15}]},{"text":"What is the priority, the one thing that you believe after this we need to implement?","start":4823.99,"end":4830.43,"topics":[],"words":[{"text":"What","start":4823.99,"end":4824.27},{"text":"is","start":4824.27,"end":4824.51},{"text":"the","start":4824.51,"end":4824.67},{"text":"priority,","start":4824.67,"end":4825.47},{"text":"the","start":4825.47,"end":4825.63},{"text":"one","start":4825.63,"end":4825.95},{"text":"thing","start":4825.95,"end":4826.19},{"text":"that","start":4826.19,"end":4826.35},{"text":"you","start":4826.35,"end":4826.59},{"text":"believe","start":4826.59,"end":4827.39},{"text":"after","start":4827.71,"end":4828.11},{"text":"this","start":4828.11,"end":4828.51},{"text":"we","start":4828.75,"end":4828.99},{"text":"need","start":4828.99,"end":4829.31},{"text":"to","start":4829.31,"end":4829.55},{"text":"implement?","start":4829.79,"end":4830.43}]},{"text":"And this is a question for all of you in a very practical 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multilateralism.","start":4861.59,"end":4877.99,"topics":[],"words":[{"text":"We've","start":4861.59,"end":4862.11},{"text":"talked","start":4862.15,"end":4862.63},{"text":"about","start":4862.63,"end":4863.11},{"text":"very","start":4863.11,"end":4863.75},{"text":"critical","start":4864.63,"end":4865.19},{"text":"aspects,","start":4865.19,"end":4865.91},{"text":"and","start":4866.23,"end":4866.39},{"text":"we've","start":4866.39,"end":4866.79},{"text":"covered","start":4866.79,"end":4867.43},{"text":"topics","start":4868.15,"end":4869.03},{"text":"in","start":4869.03,"end":4869.27},{"text":"which,","start":4869.27,"end":4869.59},{"text":"indeed,","start":4869.59,"end":4870.07},{"text":"it","start":4874.63,"end":4874.79},{"text":"was","start":4874.79,"end":4875.03},{"text":"interesting","start":4875.03,"end":4875.75},{"text":"to","start":4875.75,"end":4875.91},{"text":"see,","start":4875.91,"end":4876.47},{"text":"for","start":4876.47,"end":4876.63},{"text":"example,","start":4876.63,"end":4877.03},{"text":"multilateralism.","start":4877.03,"end":4877.99}]},{"text":"But regarding your question, there is a clear priority, or perhaps several, amongst them we have to reinforce or establish 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we need to do more in terms of development.","start":4901.91,"end":4905.67,"topics":[],"words":[{"text":"But","start":4901.91,"end":4902.47},{"text":"we","start":4902.47,"end":4902.71},{"text":"need","start":4902.71,"end":4903.03},{"text":"to","start":4903.51,"end":4903.71},{"text":"do","start":4903.71,"end":4904.15},{"text":"more","start":4904.15,"end":4904.51},{"text":"in","start":4904.51,"end":4904.59},{"text":"terms","start":4904.59,"end":4904.83},{"text":"of","start":4904.83,"end":4904.95},{"text":"development.","start":4904.95,"end":4905.67}]},{"text":"We need to dynamize relationships between donor and recipient 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policies.","start":4926.39,"end":4932.31,"topics":[],"words":[{"text":"I'm","start":4926.39,"end":4926.59},{"text":"talking","start":4926.59,"end":4926.99},{"text":"about","start":4926.99,"end":4927.67},{"text":"the","start":4928.95,"end":4929.03},{"text":"donors","start":4929.91,"end":4930.63},{"text":"and","start":4930.63,"end":4931.03},{"text":"recipients","start":4931.03,"end":4931.59},{"text":"policies.","start":4931.59,"end":4932.31}]},{"text":"Both aspects, we need harmonization in policies regarding procedures for 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the first thing.","start":4966.87,"end":4967.87,"topics":[],"words":[{"text":"That's","start":4966.87,"end":4967.15},{"text":"the","start":4967.15,"end":4967.23},{"text":"first","start":4967.23,"end":4967.63},{"text":"thing.","start":4967.63,"end":4967.87}]},{"text":"And also to secure better efficiency in the resources employed.","start":4967.87,"end":4977.59,"topics":[],"words":[{"text":"And","start":4967.87,"end":4968.11},{"text":"also","start":4968.59,"end":4969.15},{"text":"to","start":4969.55,"end":4969.75},{"text":"secure","start":4973.11,"end":4974.23},{"text":"better","start":4974.47,"end":4975.19},{"text":"efficiency","start":4975.19,"end":4975.95},{"text":"in","start":4975.95,"end":4976.03},{"text":"the","start":4976.03,"end":4976.15},{"text":"resources","start":4976.15,"end":4977.03},{"text":"employed.","start":4977.03,"end":4977.59}]},{"text":"Donor countries must support national strategies of the beneficiary or recipient countries, and they should adapt their 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need to systematize national procedures and have enough budget resources in order to promote governance reforms in developing 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Sussmann.","start":5646.99,"end":5649.39,"topics":[],"words":[{"text":"Thank","start":5646.99,"end":5647.23},{"text":"you","start":5647.23,"end":5647.31},{"text":"very","start":5647.31,"end":5647.51},{"text":"much,","start":5647.51,"end":5647.79},{"text":"Excellencies,","start":5647.79,"end":5648.35},{"text":"President,","start":5648.35,"end":5648.71},{"text":"Mr.","start":5648.71,"end":5648.99},{"text":"Sussmann.","start":5648.99,"end":5649.39}]},{"text":"Thank you very much.","start":5649.39,"end":5649.99,"topics":[],"words":[{"text":"Thank","start":5649.39,"end":5649.55},{"text":"you","start":5649.55,"end":5649.63},{"text":"very","start":5649.63,"end":5649.83},{"text":"much.","start":5649.83,"end":5649.99}]},{"text":"It was a pleasure.","start":5649.99,"end":5650.67,"topics":[],"words":[{"text":"It","start":5649.99,"end":5650.07},{"text":"was","start":5650.07,"end":5650.23},{"text":"a","start":5650.23,"end":5650.27},{"text":"pleasure.","start":5650.27,"end":5650.67}]},{"text":"Thank 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we begin this session, it's important for us to remind ourselves what is the mischief What is the problem, the challenge we're seeking to 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developing countries are experiencing rising debt vulnerabilities that divert scarce resources away from essential development priorities such as health, education, and 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simply, we cannot have a serious conversation about financing for development without addressing the debt 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objective of today's event is threefold.","start":7320.95,"end":7325.11,"topics":[],"words":[{"text":"The","start":7320.95,"end":7321.07},{"text":"objective","start":7321.07,"end":7321.83},{"text":"of","start":7322.47,"end":7322.71},{"text":"today's","start":7322.71,"end":7323.27},{"text":"event","start":7323.27,"end":7323.99},{"text":"is","start":7324.23,"end":7324.43},{"text":"threefold.","start":7324.43,"end":7325.11}]},{"text":"A, to send a clear message of renewed global support for tackling debt 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have also prioritized giving debt countries a stronger voice.","start":7411.67,"end":7417.19,"topics":[],"words":[{"text":"We","start":7411.67,"end":7411.87},{"text":"have","start":7411.87,"end":7411.99},{"text":"also","start":7411.99,"end":7412.27},{"text":"prioritized","start":7412.31,"end":7413.43},{"text":"giving","start":7413.75,"end":7414.23},{"text":"debt","start":7414.23,"end":7415.03},{"text":"countries","start":7415.43,"end":7416.15},{"text":"a","start":7416.15,"end":7416.23},{"text":"stronger","start":7416.23,"end":7416.63},{"text":"voice.","start":7416.63,"end":7417.19}]},{"text":"For instance, in collaboration with the African Development Bank, we hosted a side event in March that brought together various African borrower countries to directly share their perspective on debt sustainability with G20 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focus also includes improving the implementation of the common framework for debt treatment through actions such as publishing a step-by-step guide to the debt restructuring process under the common framework to improve speed and 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is now available on the G20 website.","start":7466.75,"end":7471.15,"topics":[],"words":[{"text":"This","start":7466.75,"end":7466.99},{"text":"is","start":7466.99,"end":7467.15},{"text":"now","start":7467.15,"end":7467.55},{"text":"available","start":7467.63,"end":7468.51},{"text":"on","start":7468.95,"end":7469.07},{"text":"the","start":7469.07,"end":7469.19},{"text":"G20","start":7469.19,"end":7470.11},{"text":"website.","start":7470.27,"end":7471.15}]},{"text":"While these steps are important, much more needs to be done.","start":7472.31,"end":7478.27,"topics":[],"words":[{"text":"While","start":7472.31,"end":7472.91},{"text":"these","start":7472.91,"end":7473.07},{"text":"steps","start":7473.07,"end":7473.63},{"text":"are","start":7474.27,"end":7474.35},{"text":"important,","start":7474.39,"end":7475.23},{"text":"much","start":7475.47,"end":7475.87},{"text":"more","start":7475.87,"end":7476.35},{"text":"needs","start":7476.75,"end":7477.39},{"text":"to","start":7477.55,"end":7477.71},{"text":"be","start":7477.71,"end":7477.87},{"text":"done.","start":7477.87,"end":7478.27}]},{"text":"The esteemed speakers joining us today bring very valuable insight and experience.","start":7478.91,"end":7487.55,"topics":[],"words":[{"text":"The","start":7478.91,"end":7479.11},{"text":"esteemed","start":7479.11,"end":7479.95},{"text":"speakers","start":7479.95,"end":7481.07},{"text":"joining","start":7481.15,"end":7481.63},{"text":"us","start":7481.63,"end":7481.79},{"text":"today","start":7481.79,"end":7482.35},{"text":"bring","start":7482.75,"end":7483.23},{"text":"very","start":7483.23,"end":7484.11},{"text":"valuable","start":7484.11,"end":7484.99},{"text":"insight","start":7485.95,"end":7486.59},{"text":"and","start":7486.59,"end":7486.75},{"text":"experience.","start":7486.75,"end":7487.55}]},{"text":"Their contributions will help us build on the progress achieved and define further steps to support debt sustainability for developing nations.","start":7488.03,"end":7501.11,"topics":[],"words":[{"text":"Their","start":7488.03,"end":7488.27},{"text":"contributions","start":7488.27,"end":7489.39},{"text":"will","start":7489.63,"end":7489.95},{"text":"help","start":7489.95,"end":7490.43},{"text":"us","start":7490.43,"end":7490.75},{"text":"build","start":7490.75,"end":7491.31},{"text":"on","start":7491.75,"end":7491.87},{"text":"the","start":7491.87,"end":7492.03},{"text":"progress","start":7492.03,"end":7492.75},{"text":"achieved","start":7492.83,"end":7493.71},{"text":"and","start":7494.35,"end":7494.63},{"text":"define","start":7494.63,"end":7495.23},{"text":"further","start":7495.23,"end":7495.59},{"text":"steps","start":7495.59,"end":7496.19},{"text":"to","start":7496.59,"end":7496.75},{"text":"support","start":7496.75,"end":7497.47},{"text":"debt","start":7497.47,"end":7497.79},{"text":"sustainability","start":7497.79,"end":7498.91},{"text":"for","start":7499.15,"end":7499.39},{"text":"developing","start":7499.39,"end":7500.19},{"text":"nations.","start":7500.43,"end":7501.11}]},{"text":"With that, we're now starting with our program today.","start":7501.71,"end":7507.39,"topics":[],"words":[{"text":"With","start":7501.71,"end":7502.07},{"text":"that,","start":7502.07,"end":7502.43},{"text":"we're","start":7502.99,"end":7503.23},{"text":"now","start":7503.23,"end":7503.55},{"text":"starting","start":7503.95,"end":7504.67},{"text":"with","start":7504.99,"end":7505.55},{"text":"our","start":7506.03,"end":7506.11},{"text":"program","start":7506.11,"end":7506.75},{"text":"today.","start":7506.75,"end":7507.39}]},{"text":"I will now hand the floor to His Excellency Pedro Sanchez, the President of the Kingdom of Spain, for his keynote 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to you, President.","start":7524.63,"end":7525.63,"topics":[],"words":[{"text":"Over","start":7524.63,"end":7524.87},{"text":"to","start":7524.87,"end":7525.07},{"text":"you,","start":7525.07,"end":7525.15},{"text":"President.","start":7525.15,"end":7525.63}]}]}],"speaker":{"name":"Masondo","affiliation":null,"affiliation_full":null,"group":null,"function":"Chair"}},{"statement_number":53,"start":7531.09,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=7532","paragraphs":[{"sentences":[{"text":"Thank you, Ministers.","start":7531.09,"end":7532.01,"topics":[],"words":[{"text":"Thank","start":7531.09,"end":7531.33},{"text":"you,","start":7531.33,"end":7531.41},{"text":"Ministers.","start":7531.41,"end":7532.01}]},{"text":"Thank you, authorities.","start":7532.01,"end":7533.01,"topics":[],"words":[{"text":"Thank","start":7532.01,"end":7532.21},{"text":"you,","start":7532.21,"end":7532.37},{"text":"authorities.","start":7532.37,"end":7533.01}]},{"text":"It is truly an honor to participate in this meeting that Spain is co-hosting with South Africa.","start":7533.01,"end":7539.73,"topics":[],"words":[{"text":"It","start":7533.01,"end":7533.33},{"text":"is","start":7533.33,"end":7533.49},{"text":"truly","start":7533.49,"end":7534.13},{"text":"an","start":7534.25,"end":7534.45},{"text":"honor","start":7534.45,"end":7534.85},{"text":"to","start":7535.25,"end":7535.37},{"text":"participate","start":7535.37,"end":7535.97},{"text":"in","start":7535.97,"end":7536.05},{"text":"this","start":7536.05,"end":7536.25},{"text":"meeting","start":7536.25,"end":7536.53},{"text":"that","start":7536.53,"end":7536.77},{"text":"Spain","start":7536.77,"end":7537.09},{"text":"is","start":7537.09,"end":7537.17},{"text":"co-hosting","start":7537.17,"end":7537.97},{"text":"with","start":7538.37,"end":7539.01},{"text":"South","start":7539.01,"end":7539.25},{"text":"Africa.","start":7539.25,"end":7539.73}]},{"text":"This event reflects our common determination to work together find solutions, and promote coordinated action to strengthen global stability and well-being.","start":7540.77,"end":7550.83,"topics":[],"words":[{"text":"This","start":7540.77,"end":7541.01},{"text":"event","start":7541.01,"end":7541.41},{"text":"reflects","start":7541.65,"end":7542.21},{"text":"our","start":7542.21,"end":7542.45},{"text":"common","start":7542.45,"end":7542.69},{"text":"determination","start":7542.69,"end":7543.33},{"text":"to","start":7543.33,"end":7543.41},{"text":"work","start":7543.41,"end":7543.61},{"text":"together","start":7543.61,"end":7544.13},{"text":"find","start":7544.99,"end":7545.23},{"text":"solutions,","start":7545.23,"end":7546.03},{"text":"and","start":7546.47,"end":7546.63},{"text":"promote","start":7546.63,"end":7547.03},{"text":"coordinated","start":7547.03,"end":7547.63},{"text":"action","start":7547.63,"end":7547.95},{"text":"to","start":7547.95,"end":7548.11},{"text":"strengthen","start":7548.11,"end":7548.59},{"text":"global","start":7548.59,"end":7548.91},{"text":"stability","start":7548.91,"end":7549.63},{"text":"and","start":7549.95,"end":7550.19},{"text":"well-being.","start":7550.19,"end":7550.83}]},{"text":"So 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stay at the right moment, you are at liberty to take leave.","start":7988.91,"end":7994.43,"topics":[],"words":[{"text":"to","start":7988.91,"end":7989.07},{"text":"stay","start":7989.07,"end":7989.55},{"text":"at","start":7989.63,"end":7989.71},{"text":"the","start":7989.71,"end":7989.83},{"text":"right","start":7989.83,"end":7990.11},{"text":"moment,","start":7990.11,"end":7990.75},{"text":"you","start":7991.23,"end":7991.55},{"text":"are","start":7991.55,"end":7991.87},{"text":"at","start":7991.95,"end":7992.11},{"text":"liberty","start":7992.11,"end":7992.91},{"text":"to","start":7993.47,"end":7993.55},{"text":"take","start":7993.55,"end":7994.03},{"text":"leave.","start":7994.03,"end":7994.43}]},{"text":"May I take this opportunity to ask the Minister of International Relations and Cooperation of South Africa, Mr. Ronald Lamola, to deliver the message on behalf of His Excellency President Cyril 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over to you.","start":8020.19,"end":8021.35,"topics":[],"words":[{"text":"Minister,","start":8020.19,"end":8020.83},{"text":"over","start":8020.83,"end":8021.07},{"text":"to","start":8021.07,"end":8021.19},{"text":"you.","start":8021.19,"end":8021.35}]}]}],"speaker":{"name":"Masondo","affiliation":null,"affiliation_full":null,"group":null,"function":"Chair"}},{"statement_number":55,"start":8039.2,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=8040","paragraphs":[{"sentences":[{"text":"Thank you very much, dear Masondo.","start":8039.2,"end":8043.84,"topics":[],"words":[{"text":"Thank","start":8039.2,"end":8039.4},{"text":"you","start":8039.4,"end":8039.52},{"text":"very","start":8039.52,"end":8039.68},{"text":"much,","start":8039.68,"end":8039.96},{"text":"dear","start":8039.96,"end":8040.24},{"text":"Masondo.","start":8043.12,"end":8043.84}]},{"text":"On behalf of President Cyril Ramaphosa, His Excellency of the Republic of South Africa, I greet Your Excellency, President Sanchez, and again convey President Ramaphosa's dear apology to yourself and all the distinguished guests 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gather here today at the fourth Financing for Development Conference in a moment of great consequence for 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face more daunting challenges than at any other time, from the growing devastation caused by climate change to persistent levels of poverty in many parts of the world.","start":8075.19,"end":8087.27,"topics":[{"key":"climate-finance","label":"Climate Finance and Resilience","description":"Climate change was treated as both a development and financing challenge, especially for vulnerable countries. 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you please take the floor?","start":8558.03,"end":8559.15,"topics":[],"words":[{"text":"May","start":8558.03,"end":8558.23},{"text":"you","start":8558.23,"end":8558.31},{"text":"please","start":8558.31,"end":8558.55},{"text":"take","start":8558.55,"end":8558.75},{"text":"the","start":8558.75,"end":8558.83},{"text":"floor?","start":8558.83,"end":8559.15}]}]}],"speaker":{"name":"Masondo","affiliation":null,"affiliation_full":null,"group":null,"function":"Chair"}},{"statement_number":57,"start":8569.58,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=8570","paragraphs":[{"sentences":[{"text":"Thank you. President Sanchez, Excellencies, friends, ladies and gentlemen, 10 years after countries adopted the SDGs, Development today, we can say, is facing formidable headwinds, slowing global growth and the threat of a trade war and repeated global shocks from climate and conflict.","start":8569.58,"end":8588.35,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."},{"key":"human-development","label":"Health, Education, and Human Development","description":"Speakers frequently returned to the human consequences of financing shortfalls, especially for health, education, jobs, and basic services. Debt distress and falling aid were described as directly undermining poverty reduction, public health, schooling, and opportunities for young people."}],"words":[{"text":"Thank","start":8569.58,"end":8569.74},{"text":"you.","start":8569.74,"end":8569.98},{"text":"President","start":8570.7,"end":8571.26},{"text":"Sanchez,","start":8571.26,"end":8572.14},{"text":"Excellencies,","start":8572.22,"end":8573.02},{"text":"friends,","start":8573.18,"end":8573.66},{"text":"ladies","start":8573.66,"end":8573.94},{"text":"and","start":8573.94,"end":8574.06},{"text":"gentlemen,","start":8574.06,"end":8574.62},{"text":"10","start":8575.26,"end":8575.5},{"text":"years","start":8575.5,"end":8575.74},{"text":"after","start":8575.78,"end":8576.06},{"text":"countries","start":8576.06,"end":8576.54},{"text":"adopted","start":8576.54,"end":8577.06},{"text":"the","start":8577.06,"end":8577.14},{"text":"SDGs,","start":8577.18,"end":8577.98},{"text":"Development","start":8578.39,"end":8578.83},{"text":"today,","start":8578.83,"end":8579.11},{"text":"we","start":8579.11,"end":8579.23},{"text":"can","start":8579.23,"end":8579.39},{"text":"say,","start":8579.39,"end":8579.79},{"text":"is","start":8579.79,"end":8579.95},{"text":"facing","start":8579.95,"end":8580.43},{"text":"formidable","start":8580.43,"end":8580.99},{"text":"headwinds,","start":8580.99,"end":8581.71},{"text":"slowing","start":8582.03,"end":8582.51},{"text":"global","start":8582.55,"end":8582.91},{"text":"growth","start":8582.91,"end":8583.27},{"text":"and","start":8583.79,"end":8583.91},{"text":"the","start":8583.91,"end":8583.99},{"text":"threat","start":8583.99,"end":8584.31},{"text":"of","start":8584.31,"end":8584.39},{"text":"a","start":8584.39,"end":8584.43},{"text":"trade","start":8584.43,"end":8584.83},{"text":"war","start":8584.83,"end":8585.11},{"text":"and","start":8585.11,"end":8585.23},{"text":"repeated","start":8585.23,"end":8585.71},{"text":"global","start":8585.71,"end":8586.03},{"text":"shocks","start":8586.03,"end":8586.67},{"text":"from","start":8586.67,"end":8586.91},{"text":"climate","start":8586.91,"end":8587.43},{"text":"and","start":8587.43,"end":8587.63},{"text":"conflict.","start":8587.63,"end":8588.35}]},{"text":"The most unsettling challenge facing developing countries is the debt crisis.","start":8589.31,"end":8593.47,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. Proposals included faster and fairer restructuring, debt pause clauses, debt swaps, better debt sustainability frameworks, and stronger support for countries in or near debt distress."}],"words":[{"text":"The","start":8589.31,"end":8589.51},{"text":"most","start":8589.51,"end":8589.83},{"text":"unsettling","start":8589.83,"end":8590.51},{"text":"challenge","start":8590.51,"end":8590.91},{"text":"facing","start":8590.91,"end":8591.23},{"text":"developing","start":8591.23,"end":8591.71},{"text":"countries","start":8591.71,"end":8592.19},{"text":"is","start":8592.19,"end":8592.43},{"text":"the","start":8592.43,"end":8592.51},{"text":"debt","start":8592.51,"end":8592.71},{"text":"crisis.","start":8592.71,"end":8593.47}]},{"text":"Borrowing is critical for development.","start":8593.95,"end":8595.95,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. 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Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"Borrowing","start":8593.95,"end":8594.51},{"text":"is","start":8594.51,"end":8594.67},{"text":"critical","start":8594.67,"end":8595.11},{"text":"for","start":8595.11,"end":8595.23},{"text":"development.","start":8595.23,"end":8595.95}]},{"text":"It provides the means for governments to invest boldly in a better future for their people.","start":8596.19,"end":8600.99,"topics":[{"key":"human-development","label":"Health, Education, and Human Development","description":"Speakers frequently returned to the human consequences of financing shortfalls, especially for health, education, jobs, and basic services. 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Proposals included faster and fairer restructuring, debt pause clauses, debt swaps, better debt sustainability frameworks, and stronger support for countries in or near debt distress."}],"words":[{"text":"But","start":8614.11,"end":8614.35},{"text":"today,","start":8614.35,"end":8614.83},{"text":"borrowing","start":8614.83,"end":8615.27},{"text":"is","start":8615.27,"end":8615.39},{"text":"not","start":8615.39,"end":8615.71},{"text":"working","start":8615.71,"end":8616.11},{"text":"for","start":8616.11,"end":8616.27},{"text":"development.","start":8616.27,"end":8616.99}]},{"text":"Over two-thirds of low-income countries are either in debt distress or at high risk of it. 3.4 billion people live in countries that spend more on interest payments than on health and education.","start":8617.39,"end":8629.55,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. 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Proposals included faster and fairer restructuring, debt pause clauses, debt swaps, better debt sustainability frameworks, and stronger support for countries in or near debt distress."}],"words":[{"text":"The","start":8630.23,"end":8630.31},{"text":"debt","start":8630.31,"end":8630.51},{"text":"crisis","start":8630.51,"end":8631.11},{"text":"is","start":8631.11,"end":8631.31},{"text":"a","start":8631.31,"end":8631.35},{"text":"silent","start":8631.35,"end":8631.87},{"text":"crisis","start":8631.87,"end":8632.31},{"text":"in","start":8632.31,"end":8632.47},{"text":"two","start":8632.47,"end":8632.71},{"text":"respects.","start":8632.71,"end":8633.43}]},{"text":"First, the crisis doesn't impact the lives or economies of those in advanced economies.","start":8633.91,"end":8638.87,"topics":[],"words":[{"text":"First,","start":8633.91,"end":8634.23},{"text":"the","start":8634.63,"end":8634.79},{"text":"crisis","start":8634.79,"end":8635.27},{"text":"doesn't","start":8635.27,"end":8635.63},{"text":"impact","start":8635.63,"end":8635.99},{"text":"the","start":8635.99,"end":8636.07},{"text":"lives","start":8636.07,"end":8636.47},{"text":"or","start":8636.47,"end":8636.59},{"text":"economies","start":8636.59,"end":8637.15},{"text":"of","start":8637.15,"end":8637.27},{"text":"those","start":8637.27,"end":8637.55},{"text":"in","start":8637.55,"end":8637.67},{"text":"advanced","start":8637.67,"end":8638.15},{"text":"economies.","start":8638.15,"end":8638.87}]},{"text":"The immediate effects of the crisis are contained and do not threaten the stability of global financial markets.","start":8639.35,"end":8645.27,"topics":[],"words":[{"text":"The","start":8639.35,"end":8639.47},{"text":"immediate","start":8639.47,"end":8639.83},{"text":"effects","start":8639.83,"end":8640.23},{"text":"of","start":8640.23,"end":8640.31},{"text":"the","start":8640.31,"end":8640.39},{"text":"crisis","start":8640.39,"end":8640.95},{"text":"are","start":8640.95,"end":8641.07},{"text":"contained","start":8641.07,"end":8641.83},{"text":"and","start":8642.11,"end":8642.27},{"text":"do","start":8642.27,"end":8642.39},{"text":"not","start":8642.39,"end":8642.55},{"text":"threaten","start":8642.55,"end":8642.87},{"text":"the","start":8642.87,"end":8642.99},{"text":"stability","start":8642.99,"end":8643.59},{"text":"of","start":8643.59,"end":8643.71},{"text":"global","start":8643.71,"end":8644.07},{"text":"financial","start":8644.07,"end":8644.59},{"text":"markets.","start":8644.59,"end":8645.27}]},{"text":"Second, among global policymakers, there's a striking reluctance to acknowledge the crisis for what it is, perhaps driven by the increasingly unlikely hope that the problem will solve itself if interest rates come down.","start":8646.07,"end":8660.39,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. 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I will start directly with Trevor.","start":9032.83,"end":9034.91,"topics":[],"words":[{"text":"So","start":9032.83,"end":9033.07},{"text":"I","start":9033.07,"end":9033.15},{"text":"will","start":9033.15,"end":9033.39},{"text":"start","start":9033.47,"end":9033.79},{"text":"directly","start":9033.79,"end":9034.19},{"text":"with","start":9034.19,"end":9034.31},{"text":"Trevor.","start":9034.31,"end":9034.91}]},{"text":"Trevor, former Minister of Finance of South Africa and also chair of the G20 Africa Panel 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Cuerpo","affiliation":"ESP","affiliation_full":"Spain","group":null,"function":"Minister of Economy, Trade and Business"}},{"statement_number":60,"start":9050.43,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=9051","paragraphs":[{"sentences":[{"text":"Thank you very much, Minister.","start":9050.43,"end":9051.71,"topics":[],"words":[{"text":"Thank","start":9050.43,"end":9050.71},{"text":"you","start":9050.71,"end":9050.79},{"text":"very","start":9050.79,"end":9050.99},{"text":"much,","start":9050.99,"end":9051.31},{"text":"Minister.","start":9051.31,"end":9051.71}]},{"text":"Good afternoon to all of you, distinguished 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we can get to understand what the flows are, because the outflows from the African continent where we have debt service costs are much too 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Martin.","start":9380.11,"end":9382.67,"topics":[],"words":[{"text":"Now","start":9380.11,"end":9380.35},{"text":"we","start":9380.35,"end":9380.67},{"text":"headed","start":9380.75,"end":9381.15},{"text":"to","start":9381.47,"end":9381.95},{"text":"Martin.","start":9382.03,"end":9382.67}]},{"text":"Martin Goodman, as you know, former Minister of Finance from Argentina.","start":9383.03,"end":9387.39,"topics":[],"words":[{"text":"Martin","start":9383.03,"end":9383.35},{"text":"Goodman,","start":9383.35,"end":9383.79},{"text":"as","start":9383.79,"end":9383.95},{"text":"you","start":9383.95,"end":9384.03},{"text":"know,","start":9384.03,"end":9384.43},{"text":"former","start":9384.43,"end":9384.99},{"text":"Minister","start":9385.07,"end":9385.39},{"text":"of","start":9385.39,"end":9385.47},{"text":"Finance","start":9385.47,"end":9385.95},{"text":"from","start":9386.43,"end":9386.59},{"text":"Argentina.","start":9386.59,"end":9387.39}]},{"text":"Also, as we said, together with Professor Stiglitz leading the Jubilee Commission.","start":9387.63,"end":9392.39,"topics":[],"words":[{"text":"Also,","start":9387.63,"end":9388.19},{"text":"as","start":9388.59,"end":9388.75},{"text":"we","start":9388.75,"end":9388.91},{"text":"said,","start":9388.91,"end":9389.11},{"text":"together","start":9389.11,"end":9389.55},{"text":"with","start":9389.55,"end":9389.71},{"text":"Professor","start":9389.71,"end":9390.15},{"text":"Stiglitz","start":9390.15,"end":9390.59},{"text":"leading","start":9390.59,"end":9391.07},{"text":"the","start":9391.31,"end":9391.55},{"text":"Jubilee","start":9391.55,"end":9391.95},{"text":"Commission.","start":9391.95,"end":9392.39}]},{"text":"So we want to hear from you, Martin, 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Thank you, Mr. Carlos Cuervo, for the great work you've been doing.","start":9394.75,"end":9399.31,"topics":[],"words":[{"text":"Thank","start":9394.75,"end":9395.03},{"text":"you.","start":9395.03,"end":9395.15},{"text":"Thank","start":9395.15,"end":9395.47},{"text":"you,","start":9395.47,"end":9395.63},{"text":"Mr.","start":9396.11,"end":9396.43},{"text":"Carlos","start":9396.43,"end":9396.75},{"text":"Cuervo,","start":9396.75,"end":9397.07},{"text":"for","start":9397.07,"end":9397.47},{"text":"the","start":9397.47,"end":9397.55},{"text":"great","start":9397.55,"end":9397.87},{"text":"work","start":9398.19,"end":9398.55},{"text":"you've","start":9398.55,"end":9398.71},{"text":"been","start":9398.71,"end":9398.83},{"text":"doing.","start":9398.83,"end":9399.31}]},{"text":"And also thanks, President Sanchez, for the leadership in the Financing for Development Conference from 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This included blended finance, public-private partnerships, risk-sharing tools, and concerns about making these instruments more transparent, mission-oriented, and 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of course a very bad outcome and that's what we need to change.","start":9678.43,"end":9682.39,"topics":[],"words":[{"text":"That's","start":9678.43,"end":9678.79},{"text":"of","start":9678.79,"end":9678.91},{"text":"course","start":9678.91,"end":9679.19},{"text":"a","start":9679.19,"end":9679.23},{"text":"very","start":9679.23,"end":9679.55},{"text":"bad","start":9679.55,"end":9679.87},{"text":"outcome","start":9679.87,"end":9680.35},{"text":"and","start":9680.99,"end":9681.15},{"text":"that's","start":9681.15,"end":9681.43},{"text":"what","start":9681.43,"end":9681.63},{"text":"we","start":9681.63,"end":9681.75},{"text":"need","start":9681.75,"end":9681.91},{"text":"to","start":9681.91,"end":9682.03},{"text":"change.","start":9682.03,"end":9682.39}]},{"text":"So going out to Minister Cuervo's key questions of what's realistic to achieve, let me mention two broad things that could be achieved, that is realistic to achieve in the near 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if we want an international solution to the debt and development crisis of developing countries, there has to be a change in the incentives, both for the creditors and the debtors to participate in meaningful debt operations, restructurings, to restore or ensure that sustainability.","start":9697.79,"end":9719.03,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. 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the art of getting the public, the private, the philanthropies, and think tanks together.","start":10538.07,"end":10542.59,"topics":[{"key":"private-finance","label":"Private Finance and Blended Finance","description":"Participants emphasized that public resources alone will not close the financing gap and discussed ways to mobilize more private investment. 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UNTAC.","start":11015.71,"end":11021.63,"topics":[],"words":[{"text":"So,","start":11015.71,"end":11015.79},{"text":"Rebecca,","start":11015.79,"end":11016.27},{"text":"please,","start":11016.27,"end":11016.75},{"text":"we'd","start":11016.99,"end":11017.27},{"text":"like","start":11017.27,"end":11017.39},{"text":"to","start":11017.39,"end":11017.95},{"text":"hear","start":11018.11,"end":11018.43},{"text":"from","start":11018.43,"end":11018.59},{"text":"you,","start":11018.59,"end":11018.71},{"text":"Rebecca","start":11018.71,"end":11019.07},{"text":"Greenspan,","start":11019.07,"end":11019.55},{"text":"the","start":11019.55,"end":11019.63},{"text":"Secretary","start":11019.63,"end":11020.15},{"text":"General","start":11020.15,"end":11020.75},{"text":"from","start":11020.75,"end":11021.07},{"text":"UNTAC.","start":11021.19,"end":11021.63}]},{"text":"Please go 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Excellencies.","start":12416.07,"end":12417.27,"topics":[],"words":[{"text":"Thank","start":12416.07,"end":12416.31},{"text":"you,","start":12416.31,"end":12416.47},{"text":"Excellencies.","start":12416.47,"end":12417.27}]},{"text":"I will be brief because I know we're over time.","start":12417.27,"end":12419.35,"topics":[],"words":[{"text":"I","start":12417.27,"end":12417.35},{"text":"will","start":12417.35,"end":12417.55},{"text":"be","start":12417.55,"end":12417.67},{"text":"brief","start":12417.67,"end":12417.99},{"text":"because","start":12417.99,"end":12418.31},{"text":"I","start":12418.31,"end":12418.39},{"text":"know","start":12418.39,"end":12418.55},{"text":"we're","start":12418.55,"end":12418.75},{"text":"over","start":12418.75,"end":12418.91},{"text":"time.","start":12418.91,"end":12419.35}]},{"text":"But I'll start by, why is it that an entity which is, we are the largest non-governmental provider of grant finance, we don't issue debt, why would we be supporting an event on 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Director"}},{"statement_number":77,"start":14241.15,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=14242","paragraphs":[{"sentences":[{"text":"Good afternoon once again, and a very warm welcome to you all.","start":14241.15,"end":14245.15,"topics":[],"words":[{"text":"Good","start":14241.15,"end":14241.39},{"text":"afternoon","start":14241.39,"end":14241.79},{"text":"once","start":14241.79,"end":14242.19},{"text":"again,","start":14242.19,"end":14242.75},{"text":"and","start":14242.75,"end":14243.07},{"text":"a","start":14243.39,"end":14243.43},{"text":"very","start":14243.43,"end":14243.75},{"text":"warm","start":14243.75,"end":14244.03},{"text":"welcome","start":14244.03,"end":14244.51},{"text":"to","start":14244.51,"end":14244.63},{"text":"you","start":14244.63,"end":14244.83},{"text":"all.","start":14244.83,"end":14245.15}]},{"text":"My name is Regis Marodon, and I serve as a special advisor on sustainable finance at the Agence Francaise de Developement.","start":14245.71,"end":14253.91,"topics":[],"words":[{"text":"My","start":14245.71,"end":14245.87},{"text":"name","start":14245.87,"end":14246.11},{"text":"is","start":14246.11,"end":14246.27},{"text":"Regis","start":14246.27,"end":14246.59},{"text":"Marodon,","start":14246.59,"end":14247.15},{"text":"and","start":14247.87,"end":14248.03},{"text":"I","start":14248.03,"end":14248.19},{"text":"serve","start":14248.19,"end":14248.51},{"text":"as","start":14248.51,"end":14248.67},{"text":"a","start":14248.67,"end":14248.75},{"text":"special","start":14248.75,"end":14249.47},{"text":"advisor","start":14249.63,"end":14250.23},{"text":"on","start":14250.23,"end":14250.43},{"text":"sustainable","start":14250.43,"end":14250.99},{"text":"finance","start":14250.99,"end":14251.55},{"text":"at","start":14251.55,"end":14251.63},{"text":"the","start":14251.63,"end":14251.83},{"text":"Agence","start":14251.83,"end":14252.11},{"text":"Francaise","start":14252.11,"end":14252.75},{"text":"de","start":14253.15,"end":14253.35},{"text":"Developement.","start":14253.35,"end":14253.91}]},{"text":"I also have the honor of acting as one of the coordinators of the Global Research Networks on Public Development Banks, which is a coalition of scholars and think tanks working in close collaboration with the FIX, the Finance in Common System.","start":14254.51,"end":14270.99,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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it is my honor to first invite His Excellency, Lim Jun Hwa, to take the floor and share his key messages with the 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fondly remember the day I received his letter back in January 2024.","start":14906.19,"end":14916.19,"topics":[],"words":[{"text":"I","start":14906.19,"end":14907.23},{"text":"fondly","start":14907.23,"end":14907.63},{"text":"remember","start":14907.63,"end":14908.67},{"text":"the","start":14909.07,"end":14909.43},{"text":"day","start":14909.43,"end":14909.71},{"text":"I","start":14909.95,"end":14910.11},{"text":"received","start":14910.11,"end":14910.83},{"text":"his","start":14911.39,"end":14911.71},{"text":"letter","start":14911.71,"end":14912.27},{"text":"back","start":14912.75,"end":14913.15},{"text":"in","start":14913.15,"end":14913.39},{"text":"January","start":14913.63,"end":14914.51},{"text":"2024.","start":14914.51,"end":14916.19}]},{"text":"so one and a half year ago, which gave us the mandate to officially contribute to 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want to thank all the researchers who contributed in advancing this work.","start":15111.63,"end":15117.07,"topics":[],"words":[{"text":"I","start":15111.63,"end":15111.79},{"text":"want","start":15111.79,"end":15111.95},{"text":"to","start":15111.95,"end":15112.03},{"text":"thank","start":15112.03,"end":15112.27},{"text":"all","start":15112.31,"end":15112.55},{"text":"the","start":15112.55,"end":15112.63},{"text":"researchers","start":15112.63,"end":15113.43},{"text":"who","start":15113.43,"end":15113.55},{"text":"contributed","start":15113.55,"end":15114.35},{"text":"in","start":15114.35,"end":15114.79},{"text":"advancing","start":15114.79,"end":15115.55},{"text":"this","start":15116.43,"end":15116.67},{"text":"work.","start":15116.67,"end":15117.07}]},{"text":"Of course, some of whom are part of the International Commission of Experts on Financing for Development, convened by UN DESA, notably Jose Antonio Ocampo and Mariana Mazzucato here with us on the 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then, of course, the end game is for PDBs themselves to include the research outcomes in their own procedures and operational 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have Serge Koua here at Masouta DC, Boitumelo Masmosako of DBSA was around, examples of institution that are fitted, that are working through and incorporating research 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conclude by calling the audience to seize research outcomes and to contribute to the debate on the role of public development 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challenging the group to do more and to better its way of operating.","start":15516.11,"end":15523.15,"topics":[],"words":[{"text":"Again,","start":15516.11,"end":15517.95},{"text":"challenging","start":15518.27,"end":15518.91},{"text":"the","start":15518.91,"end":15519.03},{"text":"group","start":15519.03,"end":15519.39},{"text":"to","start":15519.47,"end":15519.63},{"text":"do","start":15519.63,"end":15519.79},{"text":"more","start":15519.79,"end":15520.19},{"text":"and","start":15520.55,"end":15520.71},{"text":"to","start":15520.71,"end":15520.83},{"text":"better","start":15520.83,"end":15521.31},{"text":"its","start":15521.31,"end":15521.55},{"text":"way","start":15521.55,"end":15521.79},{"text":"of","start":15521.79,"end":15522.11},{"text":"operating.","start":15522.31,"end":15523.15}]},{"text":"And again, invite civil 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of course, invite young scholars There's a future for PhD specialized in public development banking.","start":15534.67,"end":15543.23,"topics":[],"words":[{"text":"And","start":15534.67,"end":15535.07},{"text":"of","start":15535.07,"end":15535.31},{"text":"course,","start":15535.31,"end":15535.79},{"text":"invite","start":15536.03,"end":15536.67},{"text":"young","start":15536.75,"end":15537.31},{"text":"scholars","start":15537.31,"end":15538.19},{"text":"There's","start":15538.91,"end":15539.31},{"text":"a","start":15539.31,"end":15539.39},{"text":"future","start":15539.39,"end":15540.03},{"text":"for","start":15540.03,"end":15540.31},{"text":"PhD","start":15540.31,"end":15541.07},{"text":"specialized","start":15541.07,"end":15541.83},{"text":"in","start":15541.83,"end":15541.95},{"text":"public","start":15541.95,"end":15542.31},{"text":"development","start":15542.31,"end":15542.79},{"text":"banking.","start":15542.79,"end":15543.23}]},{"text":"Thank you so 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have also mentioned that the idea is for it to be instrumental for the process beyond 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Let's start with a woman question for you, Mariana, if it's okay with you.","start":15917.55,"end":15925.87,"topics":[],"words":[{"text":"Okay.","start":15917.55,"end":15917.95},{"text":"Let's","start":15919.79,"end":15920.15},{"text":"start","start":15920.15,"end":15920.51},{"text":"with","start":15920.51,"end":15920.83},{"text":"a","start":15921.23,"end":15921.31},{"text":"woman","start":15921.31,"end":15921.87},{"text":"question","start":15921.87,"end":15922.67},{"text":"for","start":15922.75,"end":15922.99},{"text":"you,","start":15922.99,"end":15923.11},{"text":"Mariana,","start":15923.11,"end":15923.71},{"text":"if","start":15924.83,"end":15924.95},{"text":"it's","start":15924.95,"end":15925.23},{"text":"okay","start":15925.23,"end":15925.43},{"text":"with","start":15925.43,"end":15925.59},{"text":"you.","start":15925.63,"end":15925.87}]},{"text":"For many years, public development banks were perceived as relatively inefficient institutions.","start":15927.95,"end":15935.71,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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all obsess about the public side.","start":15989.87,"end":15991.55,"topics":[],"words":[{"text":"We","start":15989.87,"end":15989.99},{"text":"all","start":15989.99,"end":15990.11},{"text":"obsess","start":15990.11,"end":15990.43},{"text":"about","start":15990.43,"end":15990.63},{"text":"the","start":15990.63,"end":15990.75},{"text":"public","start":15990.75,"end":15991.15},{"text":"side.","start":15991.15,"end":15991.55}]},{"text":"In the UK, without even looking at the developing world, we are 26 in the OECD for business investment.","start":15991.71,"end":15997.47,"topics":[{"key":"private-finance","label":"Private Finance and Blended Finance","description":"Participants emphasized that public resources alone will not close the financing gap and discussed ways to mobilize more private investment. 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Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"development","start":16200.07,"end":16200.47},{"text":"banks.","start":16200.47,"end":16200.91}]},{"text":"I think one of the major issues for developing countries is that we have to create more development banks in countries that don't have them.","start":16201.39,"end":16210.59,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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are specific ratios that speak to efficiency in financial institutions.","start":16351.15,"end":16356.83,"topics":[],"words":[{"text":"There","start":16351.15,"end":16351.31},{"text":"are","start":16351.31,"end":16351.63},{"text":"specific","start":16351.63,"end":16352.11},{"text":"ratios","start":16352.11,"end":16352.91},{"text":"that","start":16353.39,"end":16353.63},{"text":"speak","start":16353.63,"end":16353.95},{"text":"to","start":16353.95,"end":16354.19},{"text":"efficiency","start":16354.19,"end":16355.15},{"text":"in","start":16355.39,"end":16355.55},{"text":"financial","start":16355.55,"end":16355.99},{"text":"institutions.","start":16355.99,"end":16356.83}]},{"text":"Obviously, we know cost to income is one, employees, the number of employees, and so it's also a question of 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well you use technology to introduce innovations that have already been done in other financial institutions, often in the private 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Dr. Cristina Reis, I'm sure you come from a country which is a paradigmatic case of development banks.","start":16504.71,"end":16513.11,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"Thank","start":16504.71,"end":16504.95},{"text":"you,","start":16504.95,"end":16505.03},{"text":"Admasu.","start":16505.03,"end":16505.59},{"text":"Dr.","start":16506.07,"end":16506.47},{"text":"Cristina","start":16506.47,"end":16506.99},{"text":"Reis,","start":16506.99,"end":16507.51},{"text":"I'm","start":16507.59,"end":16508.15},{"text":"sure","start":16508.63,"end":16508.87},{"text":"you","start":16508.87,"end":16509.03},{"text":"come","start":16509.03,"end":16509.27},{"text":"from","start":16509.27,"end":16509.51},{"text":"a","start":16509.51,"end":16509.55},{"text":"country","start":16509.55,"end":16509.91},{"text":"which","start":16509.91,"end":16510.15},{"text":"is","start":16510.15,"end":16510.31},{"text":"a","start":16510.31,"end":16510.39},{"text":"paradigmatic","start":16510.39,"end":16511.15},{"text":"case","start":16511.15,"end":16511.75},{"text":"of","start":16511.75,"end":16512.31},{"text":"development","start":16512.31,"end":16512.75},{"text":"banks.","start":16512.75,"end":16513.11}]},{"text":"You have a very comprehensive bank system, both at the national and the subnational level.","start":16513.83,"end":16518.39,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"You","start":16513.83,"end":16513.99},{"text":"have","start":16513.99,"end":16514.19},{"text":"a","start":16514.19,"end":16514.23},{"text":"very","start":16514.23,"end":16514.59},{"text":"comprehensive","start":16514.59,"end":16515.27},{"text":"bank","start":16515.27,"end":16515.51},{"text":"system,","start":16515.51,"end":16516.15},{"text":"both","start":16516.39,"end":16516.71},{"text":"at","start":16516.71,"end":16516.79},{"text":"the","start":16516.79,"end":16516.91},{"text":"national","start":16516.91,"end":16517.27},{"text":"and","start":16517.27,"end":16517.39},{"text":"the","start":16517.39,"end":16517.47},{"text":"subnational","start":16517.47,"end":16518.07},{"text":"level.","start":16518.07,"end":16518.39}]},{"text":"Do you feel that PDBs are a bit underscored?","start":16518.79,"end":16521.35,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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Can you hear me well?","start":16526.99,"end":16529.11,"topics":[],"words":[{"text":"Yeah.","start":16526.99,"end":16527.35},{"text":"Can","start":16527.83,"end":16528.07},{"text":"you","start":16528.07,"end":16528.15},{"text":"hear","start":16528.15,"end":16528.43},{"text":"me","start":16528.43,"end":16528.63},{"text":"well?","start":16528.63,"end":16529.11}]},{"text":"Because I have the feeling that the mic's not working.","start":16529.11,"end":16531.59,"topics":[],"words":[{"text":"Because","start":16529.11,"end":16529.51},{"text":"I","start":16529.51,"end":16529.55},{"text":"have","start":16529.55,"end":16529.75},{"text":"the","start":16529.75,"end":16529.83},{"text":"feeling","start":16529.83,"end":16530.15},{"text":"that","start":16530.15,"end":16530.31},{"text":"the","start":16530.31,"end":16530.39},{"text":"mic's","start":16530.39,"end":16530.79},{"text":"not","start":16530.79,"end":16530.95},{"text":"working.","start":16530.95,"end":16531.59}]},{"text":"All right.","start":16532.07,"end":16532.47,"topics":[],"words":[{"text":"All","start":16532.07,"end":16532.15},{"text":"right.","start":16532.15,"end":16532.47}]},{"text":"So Before answering your question, I just want to thank you for the invitation.","start":16532.47,"end":16537.43,"topics":[],"words":[{"text":"So","start":16532.47,"end":16532.71},{"text":"Before","start":16533.35,"end":16533.75},{"text":"answering","start":16533.75,"end":16534.35},{"text":"your","start":16534.35,"end":16534.47},{"text":"question,","start":16534.47,"end":16535.03},{"text":"I","start":16535.03,"end":16535.19},{"text":"just","start":16535.19,"end":16535.43},{"text":"want","start":16535.43,"end":16535.71},{"text":"to","start":16535.71,"end":16535.83},{"text":"thank","start":16535.83,"end":16536.11},{"text":"you","start":16536.11,"end":16536.23},{"text":"for","start":16536.23,"end":16536.47},{"text":"the","start":16536.47,"end":16536.59},{"text":"invitation.","start":16536.59,"end":16537.43}]},{"text":"It's a pleasure to be here.","start":16537.43,"end":16539.03,"topics":[],"words":[{"text":"It's","start":16537.43,"end":16537.75},{"text":"a","start":16537.75,"end":16537.79},{"text":"pleasure","start":16537.79,"end":16538.23},{"text":"to","start":16538.23,"end":16538.39},{"text":"be","start":16538.39,"end":16538.55},{"text":"here.","start":16538.55,"end":16539.03}]},{"text":"And in name of Professor Mariana, I say hi to everybody.","start":16539.27,"end":16542.71,"topics":[],"words":[{"text":"And","start":16539.27,"end":16539.59},{"text":"in","start":16539.59,"end":16539.75},{"text":"name","start":16539.75,"end":16540.03},{"text":"of","start":16540.03,"end":16540.15},{"text":"Professor","start":16540.15,"end":16540.71},{"text":"Mariana,","start":16540.71,"end":16541.23},{"text":"I","start":16541.23,"end":16541.43},{"text":"say","start":16541.43,"end":16541.67},{"text":"hi","start":16541.67,"end":16541.91},{"text":"to","start":16541.91,"end":16542.07},{"text":"everybody.","start":16542.07,"end":16542.71}]},{"text":"It's good to be here discussing this.","start":16542.71,"end":16544.71,"topics":[],"words":[{"text":"It's","start":16542.71,"end":16543.03},{"text":"good","start":16543.03,"end":16543.23},{"text":"to","start":16543.23,"end":16543.35},{"text":"be","start":16543.35,"end":16543.51},{"text":"here","start":16543.51,"end":16543.63},{"text":"discussing","start":16543.63,"end":16544.19},{"text":"this.","start":16544.23,"end":16544.71}]},{"text":"And before also answering, I want to make a pledge for peace.","start":16545.27,"end":16549.35,"topics":[],"words":[{"text":"And","start":16545.27,"end":16545.43},{"text":"before","start":16545.43,"end":16545.79},{"text":"also","start":16545.79,"end":16546.15},{"text":"answering,","start":16546.15,"end":16546.79},{"text":"I","start":16546.79,"end":16547.35},{"text":"want","start":16547.35,"end":16547.71},{"text":"to","start":16547.71,"end":16547.79},{"text":"make","start":16547.79,"end":16548.07},{"text":"a","start":16548.07,"end":16548.11},{"text":"pledge","start":16548.11,"end":16548.47},{"text":"for","start":16548.47,"end":16548.67},{"text":"peace.","start":16548.67,"end":16549.35}]},{"text":"I think we are having huge and several troubles in the world now.","start":16549.83,"end":16555.59,"topics":[],"words":[{"text":"I","start":16549.83,"end":16549.99},{"text":"think","start":16549.99,"end":16550.31},{"text":"we","start":16550.31,"end":16550.55},{"text":"are","start":16550.55,"end":16550.63},{"text":"having","start":16550.63,"end":16551.19},{"text":"huge","start":16551.43,"end":16551.99},{"text":"and","start":16551.99,"end":16552.23},{"text":"several","start":16552.23,"end":16552.87},{"text":"troubles","start":16553.03,"end":16554.47},{"text":"in","start":16554.63,"end":16554.79},{"text":"the","start":16554.79,"end":16554.87},{"text":"world","start":16554.87,"end":16555.19},{"text":"now.","start":16555.19,"end":16555.59}]},{"text":"There is a genocide in Palestine, and we cannot accept this.","start":16555.99,"end":16559.83,"topics":[],"words":[{"text":"There","start":16555.99,"end":16556.19},{"text":"is","start":16556.19,"end":16556.39},{"text":"a","start":16556.39,"end":16556.43},{"text":"genocide","start":16556.43,"end":16557.11},{"text":"in","start":16557.11,"end":16557.19},{"text":"Palestine,","start":16557.19,"end":16557.99},{"text":"and","start":16558.23,"end":16558.39},{"text":"we","start":16558.39,"end":16558.47},{"text":"cannot","start":16558.47,"end":16558.95},{"text":"accept","start":16558.95,"end":16559.35},{"text":"this.","start":16559.35,"end":16559.83}]},{"text":"So if we are talking about financing for development, we should stand against any kind of war and pledge for peace.","start":16559.99,"end":16568.39,"topics":[],"words":[{"text":"So","start":16559.99,"end":16560.47},{"text":"if","start":16560.55,"end":16560.71},{"text":"we","start":16560.71,"end":16560.83},{"text":"are","start":16560.83,"end":16560.91},{"text":"talking","start":16560.91,"end":16561.35},{"text":"about","start":16561.35,"end":16561.75},{"text":"financing","start":16561.75,"end":16562.31},{"text":"for","start":16562.31,"end":16562.51},{"text":"development,","start":16562.51,"end":16563.35},{"text":"we","start":16563.51,"end":16563.71},{"text":"should","start":16563.71,"end":16564.03},{"text":"stand","start":16564.03,"end":16564.63},{"text":"against","start":16565.07,"end":16565.63},{"text":"any","start":16565.83,"end":16566.15},{"text":"kind","start":16566.15,"end":16566.47},{"text":"of","start":16566.47,"end":16566.63},{"text":"war","start":16566.63,"end":16567.11},{"text":"and","start":16567.19,"end":16567.43},{"text":"pledge","start":16567.43,"end":16567.75},{"text":"for","start":16567.75,"end":16567.91},{"text":"peace.","start":16567.91,"end":16568.39}]},{"text":"Yeah, it's true.","start":16573.23,"end":16574.27,"topics":[],"words":[{"text":"Yeah,","start":16573.23,"end":16573.55},{"text":"it's","start":16573.55,"end":16573.95},{"text":"true.","start":16573.95,"end":16574.27}]},{"text":"The Brazilian National Development Bank is well known for its results, but still it's very much criticized.","start":16575.07,"end":16582.63,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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Mr. Serge Ekoue, I think we should continue along the line opened by Cristina.","start":16691.67,"end":16696.43,"topics":[],"words":[{"text":"Very","start":16691.67,"end":16691.83},{"text":"good.","start":16691.83,"end":16691.95},{"text":"Mr.","start":16691.95,"end":16692.19},{"text":"Serge","start":16692.19,"end":16692.51},{"text":"Ekoue,","start":16692.51,"end":16692.83},{"text":"I","start":16692.83,"end":16692.99},{"text":"think","start":16693.03,"end":16693.23},{"text":"we","start":16693.23,"end":16693.35},{"text":"should","start":16693.35,"end":16693.55},{"text":"continue","start":16693.55,"end":16694.35},{"text":"along","start":16694.35,"end":16694.75},{"text":"the","start":16694.75,"end":16694.83},{"text":"line","start":16694.83,"end":16695.15},{"text":"opened","start":16695.15,"end":16695.51},{"text":"by","start":16695.51,"end":16695.71},{"text":"Cristina.","start":16695.71,"end":16696.43}]},{"text":"One of the key question we have in our development banking system is how we can contribute to the rainbow of the SDGs, which means taking into account the complexity of the interrelations between the various impacts that a financing may have.","start":16697.31,"end":16716.71,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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Look, the objective of, I mean, the objective we follow is to be as impactful as 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I usually tend to say that if you can't change people's lives, then you're useless.","start":16763.79,"end":16767.91,"topics":[],"words":[{"text":"And","start":16763.79,"end":16763.95},{"text":"I","start":16763.95,"end":16763.99},{"text":"usually","start":16763.99,"end":16764.47},{"text":"tend","start":16764.47,"end":16764.75},{"text":"to","start":16764.75,"end":16764.87},{"text":"say","start":16764.87,"end":16765.11},{"text":"that","start":16765.11,"end":16765.35},{"text":"if","start":16765.39,"end":16765.55},{"text":"you","start":16765.55,"end":16765.67},{"text":"can't","start":16765.67,"end":16766.15},{"text":"change","start":16766.15,"end":16766.31},{"text":"people's","start":16766.31,"end":16766.75},{"text":"lives,","start":16766.75,"end":16766.95},{"text":"then","start":16766.95,"end":16767.11},{"text":"you're","start":16767.11,"end":16767.35},{"text":"useless.","start":16767.35,"end":16767.91}]},{"text":"So our point is to have the right KPIs to make sure that once we have the 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think these days with the innovation we are all putting in place, these days are over.","start":16792.51,"end":16799.39,"topics":[],"words":[{"text":"I","start":16792.51,"end":16792.67},{"text":"think","start":16792.67,"end":16792.99},{"text":"these","start":16793.15,"end":16793.47},{"text":"days","start":16793.47,"end":16793.87},{"text":"with","start":16793.87,"end":16794.07},{"text":"the","start":16794.07,"end":16794.15},{"text":"innovation","start":16794.15,"end":16794.99},{"text":"we","start":16794.99,"end":16795.23},{"text":"are","start":16795.23,"end":16795.31},{"text":"all","start":16795.31,"end":16795.55},{"text":"putting","start":16795.55,"end":16795.87},{"text":"in","start":16795.87,"end":16796.03},{"text":"place,","start":16796.03,"end":16796.67},{"text":"these","start":16797.55,"end":16797.99},{"text":"days","start":16797.99,"end":16798.35},{"text":"are","start":16798.35,"end":16798.47},{"text":"over.","start":16798.47,"end":16799.39}]},{"text":"I think the innovation is 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do we reduce poverty?","start":16837.03,"end":16838.87,"topics":[],"words":[{"text":"How","start":16837.03,"end":16837.19},{"text":"do","start":16837.19,"end":16837.35},{"text":"we","start":16837.35,"end":16837.51},{"text":"reduce","start":16837.67,"end":16838.15},{"text":"poverty?","start":16838.15,"end":16838.87}]},{"text":"How do we build, how do we enhance mobility?","start":16839.11,"end":16845.59,"topics":[],"words":[{"text":"How","start":16839.11,"end":16839.59},{"text":"do","start":16839.59,"end":16840.15},{"text":"we","start":16841.19,"end":16841.75},{"text":"build,","start":16841.75,"end":16842.23},{"text":"how","start":16842.51,"end":16842.71},{"text":"do","start":16842.71,"end":16842.87},{"text":"we","start":16842.87,"end":16843.19},{"text":"enhance","start":16844.15,"end":16844.63},{"text":"mobility?","start":16844.63,"end":16845.59}]},{"text":"How do we fund crops?","start":16845.83,"end":16850.95,"topics":[],"words":[{"text":"How","start":16845.83,"end":16846.15},{"text":"do","start":16846.15,"end":16846.87},{"text":"we","start":16848.31,"end":16848.79},{"text":"fund","start":16848.87,"end":16849.43},{"text":"crops?","start":16850.39,"end":16850.95}]},{"text":"How do we fund fertilizers, et cetera?","start":16850.95,"end":16853.75,"topics":[],"words":[{"text":"How","start":16850.95,"end":16851.19},{"text":"do","start":16851.19,"end":16851.35},{"text":"we","start":16851.35,"end":16851.75},{"text":"fund","start":16851.91,"end":16852.27},{"text":"fertilizers,","start":16852.27,"end":16853.27},{"text":"et","start":16853.27,"end":16853.39},{"text":"cetera?","start":16853.39,"end":16853.75}]},{"text":"How do we, which is the most important, it's basically something we have 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we're not here only to tick the boxes, but we're here to make sure that the policies we're putting in place are as efficient as 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Uh, and, Masuo, I would like to continue, uh, with you on the same line because, uh, I think this is important for differentiating development banks from the rest of the finance universe.","start":16890.31,"end":16902.71,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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Jose Antonio, I'm coming back to you.","start":17337.15,"end":17339.23,"topics":[],"words":[{"text":"Thank","start":17337.15,"end":17337.39},{"text":"you.","start":17337.39,"end":17337.55},{"text":"Jose","start":17337.55,"end":17337.87},{"text":"Antonio,","start":17337.87,"end":17338.15},{"text":"I'm","start":17338.15,"end":17338.35},{"text":"coming","start":17338.35,"end":17338.59},{"text":"back","start":17338.59,"end":17338.75},{"text":"to","start":17338.75,"end":17338.91},{"text":"you.","start":17338.91,"end":17339.23}]},{"text":"And one of the conclusion of the expert reports on how to finance these public development banks, and you're calling for more soft financing, affordable long-term capital in order to scale up the impact.","start":17340.83,"end":17357.31,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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question is, why such a recommendation?","start":17358.51,"end":17361.39,"topics":[],"words":[{"text":"The","start":17358.51,"end":17358.67},{"text":"question","start":17358.67,"end":17358.99},{"text":"is,","start":17358.99,"end":17359.31},{"text":"why","start":17359.55,"end":17359.87},{"text":"such","start":17359.87,"end":17360.23},{"text":"a","start":17360.23,"end":17360.27},{"text":"recommendation?","start":17360.27,"end":17361.39}]},{"text":"How does it goes with the volume that everybody is calling upon that, you know, we should do more, but also in 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your vision, how are the two compatible, and is it more a matter of volume or a matter of affordability, to put it that 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Olivier","affiliation":"ETTG","affiliation_full":"ETTG","group":null,"function":"Senior Fellow; Director"}},{"statement_number":107,"start":17385.87,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=17386","paragraphs":[{"sentences":[{"text":"Let me say that the affordability of bank, of the development banks, is the backing of the state.","start":17385.87,"end":17394.91,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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it your assessment seen from BOAD or again from your IDFC perspective?","start":17614.23,"end":17620.95,"topics":[],"words":[{"text":"Is","start":17614.23,"end":17614.47},{"text":"it","start":17614.47,"end":17614.63},{"text":"your","start":17614.63,"end":17614.79},{"text":"assessment","start":17614.79,"end":17615.55},{"text":"seen","start":17615.55,"end":17616.15},{"text":"from","start":17616.15,"end":17616.63},{"text":"BOAD","start":17617.19,"end":17617.67},{"text":"or","start":17617.99,"end":17618.43},{"text":"again","start":17618.43,"end":17618.79},{"text":"from","start":17618.79,"end":17619.11},{"text":"your","start":17619.11,"end":17619.51},{"text":"IDFC","start":17619.67,"end":17620.31},{"text":"perspective?","start":17620.31,"end":17620.95}]}]}],"speaker":{"name":"Ileana Olivier","affiliation":"ETTG","affiliation_full":"ETTG","group":null,"function":"Senior Fellow; Director"}},{"statement_number":109,"start":17623.99,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=17624","paragraphs":[{"sentences":[{"text":"Well, the two things.","start":17623.99,"end":17626.79,"topics":[],"words":[{"text":"Well,","start":17623.99,"end":17624.47},{"text":"the","start":17625.59,"end":17626.23},{"text":"two","start":17626.23,"end":17626.47},{"text":"things.","start":17626.47,"end":17626.79}]},{"text":"First thing is the plenty of money, yeah.","start":17626.79,"end":17632.23,"topics":[],"words":[{"text":"First","start":17626.79,"end":17627.03},{"text":"thing","start":17627.03,"end":17627.35},{"text":"is","start":17627.35,"end":17627.51},{"text":"the","start":17627.51,"end":17628.07},{"text":"plenty","start":17629.67,"end":17630.11},{"text":"of","start":17630.11,"end":17630.23},{"text":"money,","start":17630.23,"end":17630.95},{"text":"yeah.","start":17631.83,"end":17632.23}]},{"text":"The market is, I mean, the pockets are very profound and very 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the example of BayWaDee for last issuance, hybrids, for the 30 years non-call five, we were looking for 500 million 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got in hands over 2 billion.","start":17680.99,"end":17683.39,"topics":[],"words":[{"text":"We","start":17680.99,"end":17681.15},{"text":"got","start":17681.15,"end":17681.39},{"text":"in","start":17681.39,"end":17681.55},{"text":"hands","start":17681.55,"end":17682.35},{"text":"over","start":17682.43,"end":17682.83},{"text":"2","start":17682.83,"end":17682.99},{"text":"billion.","start":17682.99,"end":17683.39}]},{"text":"And what I say with 2 billion, it's 2 billion at 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there is interest of investors.","start":17733.43,"end":17735.75,"topics":[],"words":[{"text":"So","start":17733.43,"end":17733.75},{"text":"there","start":17733.75,"end":17734.03},{"text":"is","start":17734.03,"end":17734.15},{"text":"interest","start":17734.15,"end":17734.71},{"text":"of","start":17734.71,"end":17734.95},{"text":"investors.","start":17734.95,"end":17735.75}]},{"text":"In a world that is characterized by the aging population, the need for savings, We're even in a world that over-saves, all right, 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I think this is where we know that the industry has variable geometry, right?","start":18671.99,"end":18677.83,"topics":[],"words":[{"text":"And","start":18671.99,"end":18672.19},{"text":"I","start":18672.19,"end":18672.23},{"text":"think","start":18672.23,"end":18672.39},{"text":"this","start":18672.39,"end":18672.63},{"text":"is","start":18672.63,"end":18672.75},{"text":"where","start":18672.75,"end":18673.35},{"text":"we","start":18673.35,"end":18673.59},{"text":"know","start":18673.59,"end":18673.83},{"text":"that","start":18673.83,"end":18674.07},{"text":"the","start":18674.07,"end":18674.19},{"text":"industry","start":18674.19,"end":18675.11},{"text":"has","start":18675.67,"end":18676.07},{"text":"variable","start":18676.07,"end":18676.63},{"text":"geometry,","start":18676.63,"end":18677.51},{"text":"right?","start":18677.51,"end":18677.83}]},{"text":"Not all NDBs are structured well or governed well or have the right 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DBSA.","start":18690.39,"end":18692.63,"topics":[],"words":[{"text":"We","start":18690.39,"end":18690.55},{"text":"know","start":18690.55,"end":18690.71},{"text":"the","start":18690.71,"end":18690.83},{"text":"case","start":18690.83,"end":18691.23},{"text":"of,","start":18691.23,"end":18691.31},{"text":"of","start":18691.31,"end":18691.43},{"text":"course,","start":18691.43,"end":18691.75},{"text":"DBSA.","start":18691.75,"end":18692.63}]},{"text":"Morocco has some very strong ones.","start":18693.39,"end":18695.39,"topics":[],"words":[{"text":"Morocco","start":18693.39,"end":18693.87},{"text":"has","start":18693.87,"end":18694.19},{"text":"some","start":18694.19,"end":18694.31},{"text":"very","start":18694.31,"end":18694.51},{"text":"strong","start":18694.51,"end":18694.91},{"text":"ones.","start":18694.91,"end":18695.39}]},{"text":"Rwanda has a strong 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development bank, have a mission here, a mandate to accomplish.","start":18761.63,"end":18766.19,"topics":[],"words":[{"text":"We,","start":18761.63,"end":18761.95},{"text":"development","start":18761.95,"end":18762.47},{"text":"bank,","start":18762.47,"end":18762.91},{"text":"have","start":18763.15,"end":18763.43},{"text":"a","start":18763.43,"end":18763.47},{"text":"mission","start":18763.47,"end":18764.03},{"text":"here,","start":18764.03,"end":18764.39},{"text":"a","start":18764.39,"end":18764.43},{"text":"mandate","start":18764.43,"end":18765.15},{"text":"to","start":18765.31,"end":18765.47},{"text":"accomplish.","start":18765.47,"end":18766.19}]},{"text":"And my question would be, according to you, from where you observe the system, the international system, your own national system, what would be your one key 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do you think that is really an impediment for the system to move quickly into a system delivering 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Masoud, we finished the previous two with you, so let's start with you for that 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I'm just thinking what Remy Rioux was saying in his opening remarks, that creating an asset class of PDBs, 100 out of 500 are currently issuing 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a form of de-risking, right?","start":18894.63,"end":18896.39,"topics":[],"words":[{"text":"It's","start":18894.63,"end":18894.87},{"text":"a","start":18894.87,"end":18894.95},{"text":"form","start":18894.95,"end":18895.23},{"text":"of","start":18895.23,"end":18895.35},{"text":"de-risking,","start":18895.35,"end":18896.07},{"text":"right?","start":18896.07,"end":18896.39}]},{"text":"But it's not just de-risking for the investors.","start":18896.79,"end":18898.87,"topics":[],"words":[{"text":"But","start":18896.79,"end":18896.95},{"text":"it's","start":18896.95,"end":18897.19},{"text":"not","start":18897.19,"end":18897.43},{"text":"just","start":18897.43,"end":18897.63},{"text":"de-risking","start":18897.63,"end":18898.15},{"text":"for","start":18898.15,"end":18898.27},{"text":"the","start":18898.27,"end":18898.35},{"text":"investors.","start":18898.35,"end":18898.87}]},{"text":"For the recipient, it becomes affordable 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then you'll really put wind in our sails and it will be affordable and you will not be creating a future structural problem because these people will now be able to better repay you, 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then you have to on lend that at so much higher of a rate.","start":18947.79,"end":18950.95,"topics":[],"words":[{"text":"And","start":18947.79,"end":18947.91},{"text":"then","start":18947.91,"end":18948.07},{"text":"you","start":18948.15,"end":18948.27},{"text":"have","start":18948.27,"end":18948.55},{"text":"to","start":18948.55,"end":18948.67},{"text":"on","start":18948.67,"end":18948.95},{"text":"lend","start":18948.95,"end":18949.15},{"text":"that","start":18949.15,"end":18949.31},{"text":"at","start":18949.31,"end":18949.43},{"text":"so","start":18949.43,"end":18949.59},{"text":"much","start":18949.59,"end":18949.83},{"text":"higher","start":18949.83,"end":18950.35},{"text":"of","start":18950.35,"end":18950.47},{"text":"a","start":18950.47,"end":18950.51},{"text":"rate.","start":18950.51,"end":18950.95}]},{"text":"And I had a discussion recently with some stakeholder in the global financial community, and they said, but you don't lend like the World 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the de-risking model, there are plenty of techniques, plenty, plenty.","start":19093.67,"end":19098.63,"topics":[],"words":[{"text":"And","start":19093.67,"end":19093.79},{"text":"the","start":19093.79,"end":19093.91},{"text":"de-risking","start":19093.91,"end":19094.79},{"text":"model,","start":19094.79,"end":19095.35},{"text":"there","start":19095.59,"end":19095.75},{"text":"are","start":19095.75,"end":19095.83},{"text":"plenty","start":19095.83,"end":19096.55},{"text":"of","start":19096.55,"end":19096.63},{"text":"techniques,","start":19096.63,"end":19097.11},{"text":"plenty,","start":19097.11,"end":19097.75},{"text":"plenty.","start":19098.11,"end":19098.63}]},{"text":"So for me, if I had a kind of a magic stick, this is what I would do 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that I guess here everything seems that in a very UN 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that I hope it won't be too boring for you just to listen to a few opening 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colleagues on the back rows can hear me clearly.","start":21161.23,"end":21166.59,"topics":[],"words":[{"text":"I","start":21161.23,"end":21161.31},{"text":"don't","start":21161.47,"end":21161.83},{"text":"know","start":21161.83,"end":21162.03},{"text":"the","start":21162.83,"end":21162.99},{"text":"colleagues","start":21162.99,"end":21163.47},{"text":"on","start":21163.47,"end":21163.79},{"text":"the","start":21164.11,"end":21164.23},{"text":"back","start":21164.23,"end":21164.51},{"text":"rows","start":21164.67,"end":21165.15},{"text":"can","start":21165.15,"end":21165.47},{"text":"hear","start":21165.47,"end":21165.67},{"text":"me","start":21165.67,"end":21165.95},{"text":"clearly.","start":21165.95,"end":21166.59}]},{"text":"Well, I won't say the 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FFD4.","start":21175.87,"end":21181.23,"topics":[],"words":[{"text":"It","start":21175.87,"end":21176.03},{"text":"is","start":21176.03,"end":21176.19},{"text":"really","start":21176.19,"end":21176.75},{"text":"a","start":21176.75,"end":21176.79},{"text":"great","start":21176.79,"end":21176.99},{"text":"pleasure","start":21176.99,"end":21177.51},{"text":"to","start":21177.51,"end":21177.71},{"text":"have","start":21177.71,"end":21177.95},{"text":"you","start":21178.43,"end":21178.67},{"text":"all","start":21178.83,"end":21179.15},{"text":"here","start":21179.15,"end":21179.63},{"text":"for","start":21179.79,"end":21180.03},{"text":"this","start":21180.03,"end":21180.19},{"text":"FFD4.","start":21180.19,"end":21181.23}]},{"text":"I know you are the veterans and also some of the new faces just join the FFD4 process, but they all character indicated one thing, we are all committed to the financing for 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we should not be, we must not be pessimistic or over pessimistic.","start":21302.91,"end":21308.43,"topics":[],"words":[{"text":"But","start":21302.91,"end":21303.15},{"text":"we","start":21303.15,"end":21303.31},{"text":"should","start":21303.31,"end":21303.55},{"text":"not","start":21303.55,"end":21303.75},{"text":"be,","start":21303.75,"end":21304.19},{"text":"we","start":21304.27,"end":21304.51},{"text":"must","start":21304.51,"end":21304.79},{"text":"not","start":21304.79,"end":21304.99},{"text":"be","start":21304.99,"end":21305.39},{"text":"pessimistic","start":21305.95,"end":21306.75},{"text":"or","start":21306.75,"end":21307.07},{"text":"over","start":21307.07,"end":21307.55},{"text":"pessimistic.","start":21307.55,"end":21308.43}]},{"text":"We definitely believe severe represents a chance to change the 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Nations.","start":21315.87,"end":21321.39,"topics":[],"words":[{"text":"We","start":21315.87,"end":21316.03},{"text":"have","start":21316.03,"end":21316.19},{"text":"to","start":21316.19,"end":21316.27},{"text":"come","start":21316.27,"end":21316.59},{"text":"a","start":21316.59,"end":21316.67},{"text":"long","start":21316.67,"end":21316.99},{"text":"way","start":21316.99,"end":21317.31},{"text":"to","start":21317.31,"end":21317.63},{"text":"be","start":21318.59,"end":21318.75},{"text":"having","start":21318.75,"end":21319.15},{"text":"these","start":21319.15,"end":21319.47},{"text":"discussions","start":21319.47,"end":21320.19},{"text":"at","start":21320.19,"end":21320.35},{"text":"the","start":21320.35,"end":21320.43},{"text":"United","start":21320.43,"end":21320.79},{"text":"Nations.","start":21320.79,"end":21321.39}]},{"text":"Even before the Monterrey, financing debates at the United Nations were largely confined to the official development 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******** economic and financial issues were often confined to less inclusive forums.","start":21331.75,"end":21341.19,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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Debt distress and falling aid were described as directly undermining poverty reduction, public health, schooling, and opportunities for young people."}],"words":[{"text":"It","start":21346.71,"end":21346.91},{"text":"touches","start":21346.91,"end":21347.35},{"text":"every","start":21347.35,"end":21347.83},{"text":"goal","start":21347.83,"end":21348.15},{"text":"of","start":21348.15,"end":21348.35},{"text":"the","start":21348.35,"end":21348.43},{"text":"2030","start":21348.43,"end":21349.07},{"text":"agenda.","start":21349.07,"end":21349.67}]},{"text":"Bringing all those issues to the United Nations through the Financing for Development process was a milestone.","start":21351.39,"end":21358.31,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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really excited to have everyone here today.","start":21615.95,"end":21618.99,"topics":[],"words":[{"text":"So","start":21615.95,"end":21616.59},{"text":"really","start":21616.75,"end":21617.19},{"text":"excited","start":21617.19,"end":21617.63},{"text":"to","start":21617.63,"end":21617.71},{"text":"have","start":21617.71,"end":21617.87},{"text":"everyone","start":21617.87,"end":21618.27},{"text":"here","start":21618.27,"end":21618.51},{"text":"today.","start":21618.51,"end":21618.99}]},{"text":"And I will quickly go through just to mention who we 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have His Excellency Mr. Samuel Issachar, the Deputy Permanent Representative and the Permanent Mission of Ethiopia to the UN, and who we just worked with very closely on the first preparatory committee meeting that was in Addis Ababa, following 10 years after the last 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have next to me Her Excellency Merete Fjeld Rathestad, who is the permanent representative of Norway to the United Nations and has been the co-facilitator for the Seville Commitment, the outcome document that we're all talking about today, this 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yes, so we're going to start with Ambassador Mauricio Escanero.","start":21738.67,"end":21744.35,"topics":[],"words":[{"text":"So,","start":21738.67,"end":21739.07},{"text":"yes,","start":21739.71,"end":21740.27},{"text":"so","start":21740.43,"end":21740.75},{"text":"we're","start":21740.75,"end":21740.91},{"text":"going","start":21740.91,"end":21741.19},{"text":"to","start":21741.19,"end":21741.27},{"text":"start","start":21741.27,"end":21741.75},{"text":"with","start":21741.75,"end":21742.11},{"text":"Ambassador","start":21742.19,"end":21743.03},{"text":"Mauricio","start":21743.03,"end":21743.63},{"text":"Escanero.","start":21743.63,"end":21744.35}]},{"text":"There you 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first FFD conference, and if those of you who haven't heard it, everyone always talks about the spirit of 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so and how you've seen it having developed over the years.","start":21763.71,"end":21766.51,"topics":[],"words":[{"text":"And","start":21763.71,"end":21763.87},{"text":"so","start":21763.87,"end":21764.19},{"text":"and","start":21764.19,"end":21764.35},{"text":"how","start":21764.35,"end":21764.59},{"text":"you've","start":21764.59,"end":21764.87},{"text":"seen","start":21764.87,"end":21765.07},{"text":"it","start":21765.07,"end":21765.19},{"text":"having","start":21765.19,"end":21765.47},{"text":"developed","start":21765.47,"end":21765.91},{"text":"over","start":21765.91,"end":21766.11},{"text":"the","start":21766.11,"end":21766.23},{"text":"years.","start":21766.23,"end":21766.51}]}]}],"speaker":{"name":"Shari","affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":133,"start":21769.11,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=21770","paragraphs":[{"sentences":[{"text":"Maybe I can speak from here.","start":21769.11,"end":21772.27,"topics":[],"words":[{"text":"Maybe","start":21769.11,"end":21769.27},{"text":"I","start":21771.23,"end":21771.27},{"text":"can","start":21771.27,"end":21771.47},{"text":"speak","start":21771.47,"end":21771.75},{"text":"from","start":21771.75,"end":21771.91},{"text":"here.","start":21771.91,"end":21772.27}]},{"text":"It is working.","start":21773.55,"end":21774.35,"topics":[],"words":[{"text":"It","start":21773.55,"end":21773.67},{"text":"is","start":21773.71,"end":21773.87},{"text":"working.","start":21773.87,"end":21774.35}]},{"text":"Can you hear me?","start":21775.71,"end":21776.51,"topics":[],"words":[{"text":"Can","start":21775.71,"end":21775.87},{"text":"you","start":21775.87,"end":21775.99},{"text":"hear","start":21775.99,"end":21776.15},{"text":"me?","start":21776.15,"end":21776.51}]},{"text":"Well, thank you, Shari.","start":21778.67,"end":21780.67,"topics":[],"words":[{"text":"Well,","start":21778.67,"end":21778.99},{"text":"thank","start":21778.99,"end":21779.23},{"text":"you,","start":21779.23,"end":21779.39},{"text":"Shari.","start":21780.19,"end":21780.67}]},{"text":"I'm very happy to be here again at the FFD process.","start":21781.95,"end":21786.35,"topics":[],"words":[{"text":"I'm","start":21781.95,"end":21782.19},{"text":"very","start":21782.19,"end":21782.39},{"text":"happy","start":21782.39,"end":21783.07},{"text":"to","start":21783.07,"end":21783.19},{"text":"be","start":21783.19,"end":21783.31},{"text":"here","start":21783.31,"end":21783.51},{"text":"again","start":21783.51,"end":21784.11},{"text":"at","start":21784.91,"end":21784.99},{"text":"the","start":21784.99,"end":21785.07},{"text":"FFD","start":21785.07,"end":21785.55},{"text":"process.","start":21785.55,"end":21786.35}]},{"text":"I thank the organizers for inviting me, and I thank all of you for your kind attention.","start":21787.31,"end":21794.35,"topics":[],"words":[{"text":"I","start":21787.31,"end":21787.47},{"text":"thank","start":21787.47,"end":21788.03},{"text":"the","start":21788.19,"end":21788.31},{"text":"organizers","start":21788.31,"end":21788.99},{"text":"for","start":21788.99,"end":21789.47},{"text":"inviting","start":21790.27,"end":21790.79},{"text":"me,","start":21790.79,"end":21791.15},{"text":"and","start":21791.99,"end":21792.11},{"text":"I","start":21792.11,"end":21792.27},{"text":"thank","start":21792.27,"end":21792.59},{"text":"all","start":21792.59,"end":21792.71},{"text":"of","start":21792.71,"end":21792.79},{"text":"you","start":21792.79,"end":21792.99},{"text":"for","start":21792.99,"end":21793.23},{"text":"your","start":21793.23,"end":21793.47},{"text":"kind","start":21793.47,"end":21793.75},{"text":"attention.","start":21793.75,"end":21794.35}]},{"text":"I really feel like Under-Secretary-General Li Jinhua was saying, \"Is my family here together with you?\" I will be having this conversation in my personal capacity as a former facilitator of the Monterrey Consensus, the core nucleus of the financing for development 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have been asked by Shari to elaborate in about seven minutes on the source of the spirit behind the Monterrey Conference, the first FFD 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let me quickly start from the very beginning.","start":21833.07,"end":21836.19,"topics":[],"words":[{"text":"So","start":21833.07,"end":21833.15},{"text":"let","start":21833.15,"end":21833.35},{"text":"me","start":21833.35,"end":21833.55},{"text":"quickly","start":21833.55,"end":21834.27},{"text":"start","start":21834.67,"end":21834.99},{"text":"from","start":21834.99,"end":21835.15},{"text":"the","start":21835.15,"end":21835.31},{"text":"very","start":21835.31,"end":21835.55},{"text":"beginning.","start":21835.55,"end":21836.19}]},{"text":"Monterrey was always impossible till it was possible.","start":21837.71,"end":21844.03,"topics":[],"words":[{"text":"Monterrey","start":21837.71,"end":21838.59},{"text":"was","start":21839.55,"end":21839.95},{"text":"always","start":21839.95,"end":21840.67},{"text":"impossible","start":21840.75,"end":21841.71},{"text":"till","start":21842.91,"end":21843.11},{"text":"it","start":21843.11,"end":21843.23},{"text":"was","start":21843.23,"end":21843.39},{"text":"possible.","start":21843.39,"end":21844.03}]},{"text":"It didn't happen.","start":21845.47,"end":21846.51,"topics":[],"words":[{"text":"It","start":21845.47,"end":21845.59},{"text":"didn't","start":21845.59,"end":21845.91},{"text":"happen.","start":21845.95,"end":21846.51}]},{"text":"It was made through a bottom-up democratic process guided by a wholehearted drive for change and clear sense of purpose.","start":21847.47,"end":21859.07,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as 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believe that herein, at this challenging historical juncture, is where taking forward the spirit of Monterrey can be of 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all, we should understand that our true challenge is to relaunch our FFD process as a global leadership undertaking, to once again put into full play the legitimacy and convening power of the United Nations to galvanize political will and to foster multi-actor cooperation.","start":22156.15,"end":22178.23,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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thank you Shari and good afternoon everybody.","start":22864.43,"end":22868.19,"topics":[],"words":[{"text":"Well","start":22864.43,"end":22864.59},{"text":"thank","start":22864.59,"end":22864.91},{"text":"you","start":22864.91,"end":22865.31},{"text":"Shari","start":22865.31,"end":22866.03},{"text":"and","start":22866.03,"end":22866.71},{"text":"good","start":22866.71,"end":22867.03},{"text":"afternoon","start":22867.03,"end":22867.47},{"text":"everybody.","start":22867.47,"end":22868.19}]},{"text":"Let me just start by reflecting a little bit on why Norway wanted to engage both in FfD3 and in 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thank you for pointing out on there Heidi, who has moved to the front row, who was instrumental in co-facilitating the Addis Ababa Action 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since which Norway then in 2015 did together with Guyana.","start":22891.35,"end":22896.35,"topics":[],"words":[{"text":"But","start":22891.35,"end":22891.67},{"text":"since","start":22891.67,"end":22892.55},{"text":"which","start":22892.79,"end":22893.27},{"text":"Norway","start":22893.27,"end":22893.59},{"text":"then","start":22893.59,"end":22893.83},{"text":"in","start":22893.83,"end":22893.99},{"text":"2015","start":22893.99,"end":22894.87},{"text":"did","start":22894.87,"end":22895.11},{"text":"together","start":22895.11,"end":22895.55},{"text":"with","start":22895.55,"end":22895.71},{"text":"Guyana.","start":22895.75,"end":22896.35}]},{"text":"Since 2015, we have actually tried to have an active role in following up and implement what was agreed in 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of all, we integrated specific agreements from the Addis Ababa Action Agenda into our development cooperation efforts.","start":22911.27,"end":22923.35,"topics":[{"key":"development-cooperation","label":"Development Cooperation and ODA","description":"A major theme was the role of official development assistance and broader development cooperation at a time of declining aid budgets. 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The discussion included tax administration support, global tax justice, curbing illicit flows, and expanding fiscal space through more effective domestic resource mobilization."}],"words":[{"text":"But","start":23179.51,"end":23179.83},{"text":"literally","start":23180.63,"end":23181.11},{"text":"one","start":23181.11,"end":23181.35},{"text":"hour","start":23181.35,"end":23181.71},{"text":"ago,","start":23181.71,"end":23182.15},{"text":"our","start":23182.15,"end":23182.71},{"text":"Minister","start":23182.71,"end":23183.19},{"text":"for","start":23183.19,"end":23183.31},{"text":"International","start":23183.31,"end":23183.91},{"text":"Development","start":23183.91,"end":23184.51},{"text":"signed","start":23184.51,"end":23185.03},{"text":"three","start":23185.03,"end":23185.35},{"text":"new","start":23185.35,"end":23185.63},{"text":"agreements","start":23185.63,"end":23186.31},{"text":"to","start":23186.31,"end":23186.47},{"text":"the","start":23186.47,"end":23186.59},{"text":"worth","start":23186.59,"end":23186.95},{"text":"of","start":23186.99,"end":23187.19},{"text":"$13","start":23187.99,"end":23188.03},{"text":"million","start":23188.07,"end":23188.91},{"text":"in","start":23189.63,"end":23189.71},{"text":"order","start":23189.71,"end":23189.95},{"text":"to","start":23189.95,"end":23190.07},{"text":"support","start":23190.07,"end":23190.59},{"text":"countries","start":23190.59,"end":23191.31},{"text":"to","start":23191.31,"end":23191.51},{"text":"improve","start":23191.55,"end":23192.11},{"text":"systems","start":23192.11,"end":23192.83},{"text":"for","start":23192.83,"end":23192.99},{"text":"tax","start":23192.99,"end":23193.55},{"text":"and","start":23193.55,"end":23193.71},{"text":"public","start":23193.71,"end":23194.15},{"text":"revenues","start":23194.15,"end":23194.83},{"text":"to","start":23195.15,"end":23195.27},{"text":"finance","start":23195.27,"end":23196.11},{"text":"their","start":23196.11,"end":23196.35},{"text":"own","start":23196.35,"end":23196.51},{"text":"development.","start":23196.51,"end":23197.31}]},{"text":"These three agreements are part of our Tax for Development program.","start":23197.79,"end":23201.55,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. The discussion included tax administration support, global tax justice, curbing illicit flows, and expanding fiscal space through more effective domestic resource mobilization."}],"words":[{"text":"These","start":23197.79,"end":23198.19},{"text":"three","start":23198.19,"end":23198.43},{"text":"agreements","start":23198.43,"end":23198.95},{"text":"are","start":23198.95,"end":23199.03},{"text":"part","start":23199.03,"end":23199.43},{"text":"of","start":23199.43,"end":23199.63},{"text":"our","start":23199.63,"end":23199.95},{"text":"Tax","start":23199.95,"end":23200.31},{"text":"for","start":23200.31,"end":23200.43},{"text":"Development","start":23200.43,"end":23201.07},{"text":"program.","start":23201.07,"end":23201.55}]},{"text":"I come from a country that truly believes in the value of taxation.","start":23201.71,"end":23205.39,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. The discussion included tax administration support, global tax justice, curbing illicit flows, and expanding fiscal space through more effective domestic resource mobilization."}],"words":[{"text":"I","start":23201.71,"end":23201.87},{"text":"come","start":23201.87,"end":23202.07},{"text":"from","start":23202.07,"end":23202.27},{"text":"a","start":23202.27,"end":23202.35},{"text":"country","start":23202.35,"end":23202.75},{"text":"that","start":23202.75,"end":23203.11},{"text":"truly","start":23203.11,"end":23203.39},{"text":"believes","start":23203.39,"end":23203.87},{"text":"in","start":23203.87,"end":23204.03},{"text":"the","start":23204.03,"end":23204.11},{"text":"value","start":23204.11,"end":23204.47},{"text":"of","start":23204.47,"end":23204.59},{"text":"taxation.","start":23204.59,"end":23205.39}]},{"text":"And they are with the African Tax Administration Forum, UNDP, and the regional organization of African state audit institutions.","start":23206.51,"end":23216.91,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. 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They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."}],"words":[{"text":"So","start":23217.11,"end":23217.31},{"text":"this","start":23217.31,"end":23217.59},{"text":"is","start":23217.59,"end":23217.71},{"text":"an","start":23217.71,"end":23217.83},{"text":"example","start":23217.83,"end":23218.71},{"text":"of","start":23218.71,"end":23218.95},{"text":"how","start":23218.95,"end":23219.35},{"text":"we","start":23219.35,"end":23219.67},{"text":"have","start":23219.67,"end":23219.91},{"text":"started","start":23219.91,"end":23220.63},{"text":"to","start":23220.95,"end":23221.11},{"text":"make","start":23221.11,"end":23221.51},{"text":"the","start":23221.51,"end":23221.59},{"text":"Compromiso","start":23221.59,"end":23222.23},{"text":"de","start":23222.23,"end":23222.39},{"text":"Sevilla","start":23222.39,"end":23222.87},{"text":"work.","start":23222.87,"end":23223.43}]},{"text":"Now, implementation of the document depends on actions and decisions by all stakeholders, from governments to civil society, to UN system.","start":23224.07,"end":23233.35,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"And","start":23244.95,"end":23245.19},{"text":"here,","start":23245.19,"end":23245.51},{"text":"of","start":23245.51,"end":23245.59},{"text":"course,","start":23245.59,"end":23245.91},{"text":"also","start":23245.91,"end":23246.23},{"text":"the","start":23246.23,"end":23246.31},{"text":"financial,","start":23246.31,"end":23247.27},{"text":"international","start":23247.27,"end":23247.91},{"text":"financial","start":23247.91,"end":23248.39},{"text":"institutions","start":23248.39,"end":23249.27},{"text":"and","start":23249.27,"end":23249.59},{"text":"multilateral","start":23249.59,"end":23250.31},{"text":"development","start":23250.31,"end":23250.83},{"text":"banks","start":23250.83,"end":23251.35},{"text":"are","start":23251.75,"end":23251.91},{"text":"central","start":23251.91,"end":23252.63},{"text":"and","start":23252.71,"end":23253.11},{"text":"essential.","start":23253.11,"end":23253.83}]},{"text":"Many of the action points are strong signals from UN member states.","start":23254.63,"end":23258.39,"topics":[],"words":[{"text":"Many","start":23254.63,"end":23254.95},{"text":"of","start":23254.95,"end":23255.07},{"text":"the","start":23255.07,"end":23255.15},{"text":"action","start":23255.15,"end":23255.51},{"text":"points","start":23255.51,"end":23255.91},{"text":"are","start":23255.91,"end":23255.99},{"text":"strong","start":23255.99,"end":23256.47},{"text":"signals","start":23256.47,"end":23257.11},{"text":"from","start":23257.11,"end":23257.27},{"text":"UN","start":23257.27,"end":23257.51},{"text":"member","start":23257.51,"end":23257.79},{"text":"states.","start":23257.79,"end":23258.39}]},{"text":"But for the implementation, it will be up to the boards of executive directors of those institutions to decide whether to take action.","start":23259.99,"end":23269.35,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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with that, I thank you for the opportunity.","start":23349.87,"end":23352.19,"topics":[],"words":[{"text":"And","start":23349.87,"end":23350.23},{"text":"with","start":23350.23,"end":23350.39},{"text":"that,","start":23350.39,"end":23350.59},{"text":"I","start":23350.59,"end":23350.75},{"text":"thank","start":23350.75,"end":23350.99},{"text":"you","start":23350.99,"end":23351.23},{"text":"for","start":23351.39,"end":23351.51},{"text":"the","start":23351.51,"end":23351.59},{"text":"opportunity.","start":23351.59,"end":23352.19}]}]}],"speaker":{"name":"Merete Fjeld Rathestad","affiliation":"NOR","affiliation_full":"Norway","group":null,"function":"Permanent Representative, Co-Facilitator"}},{"statement_number":142,"start":23352.35,"pageUrl":"/zh/asset/k10/k10437766p?lang=en&t=23353","paragraphs":[{"sentences":[{"text":"Thank you so 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so I'm going to go to Professor Eduardo Galvez, who was very, who was instrumental in as coordinator of the G77 in 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so one question is, how do you see the FFD process having evolved?","start":23436.11,"end":23441.63,"topics":[],"words":[{"text":"And","start":23436.11,"end":23436.91},{"text":"so","start":23437.95,"end":23438.11},{"text":"one","start":23438.11,"end":23438.35},{"text":"question","start":23438.35,"end":23438.83},{"text":"is,","start":23438.83,"end":23439.15},{"text":"how","start":23439.15,"end":23439.31},{"text":"do","start":23439.31,"end":23439.51},{"text":"you","start":23439.51,"end":23439.59},{"text":"see","start":23439.59,"end":23439.79},{"text":"the","start":23439.79,"end":23439.87},{"text":"FFD","start":23439.87,"end":23440.35},{"text":"process","start":23440.35,"end":23440.71},{"text":"having","start":23440.71,"end":23440.99},{"text":"evolved?","start":23440.99,"end":23441.63}]},{"text":"And also, and this is how I knew you were coming, that you proposed an initiative under the Seville Platform for Action with a focus on global economic governance involving many of the leaders of 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how can this initiative help give momentum for a renewed multilateralism in the post-Seville 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confronting the challenges of financial stability in the very critical moment that we are confronting 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to the 1997-1998 Asian financial crisis and that the Doha Conference was in the middle of the great recession of 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this regard, it is not difficult to understand that many of the champions of the finance for development process were from Latin 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think in our region we have a doctorate in financial crisis.","start":23741.83,"end":23745.11,"topics":[],"words":[{"text":"I","start":23741.83,"end":23741.91},{"text":"think","start":23741.91,"end":23742.11},{"text":"in","start":23742.11,"end":23742.23},{"text":"our","start":23742.23,"end":23742.39},{"text":"region","start":23742.39,"end":23742.63},{"text":"we","start":23742.63,"end":23742.75},{"text":"have","start":23742.75,"end":23742.95},{"text":"a","start":23742.95,"end":23742.99},{"text":"doctorate","start":23742.99,"end":23743.51},{"text":"in","start":23743.51,"end":23743.75},{"text":"financial","start":23744.23,"end":23744.71},{"text":"crisis.","start":23744.71,"end":23745.11}]},{"text":"Third, I think we need to revitalise international trade as an engine for development with the WTO at the centre of multilateral trade system, improving its function and broadening its actual benefits.","start":23746.47,"end":23759.91,"topics":[{"key":"multilateral-reform","label":"Multilateral 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Mary Lou So the FFD process is part of a bigger momentum to reform the international financial architecture, which includes the G20, the boards of the BWIs, the Bretton Woods institutions, and then your old group where you used to work in the 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also worked on these issues.","start":24003.07,"end":24004.59,"topics":[],"words":[{"text":"You","start":24003.07,"end":24003.31},{"text":"also","start":24003.31,"end":24003.59},{"text":"worked","start":24003.59,"end":24003.83},{"text":"on","start":24003.83,"end":24003.95},{"text":"these","start":24003.95,"end":24004.11},{"text":"issues.","start":24004.11,"end":24004.59}]},{"text":"And what role do you think the UN and FFD have played in this bigger 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Okay.","start":24020.55,"end":24021.59,"topics":[],"words":[{"text":"Yes.","start":24020.55,"end":24020.95},{"text":"Okay.","start":24021.19,"end":24021.59}]},{"text":"I just have to speak out a bit louder.","start":24023.19,"end":24025.11,"topics":[],"words":[{"text":"I","start":24023.19,"end":24023.35},{"text":"just","start":24023.35,"end":24023.51},{"text":"have","start":24023.51,"end":24023.67},{"text":"to","start":24023.67,"end":24023.75},{"text":"speak","start":24023.75,"end":24024.03},{"text":"out","start":24024.03,"end":24024.23},{"text":"a","start":24024.23,"end":24024.31},{"text":"bit","start":24024.31,"end":24024.55},{"text":"louder.","start":24024.55,"end":24025.11}]},{"text":"Okay.","start":24025.91,"end":24026.23,"topics":[],"words":[{"text":"Okay.","start":24025.91,"end":24026.23}]},{"text":"Well, thank you very much for inviting me and joining this distinguished panel and sharing the celebration of the achievements of the FFD process.","start":24026.55,"end":24035.51,"topics":[],"words":[{"text":"Well,","start":24026.55,"end":24026.75},{"text":"thank","start":24026.75,"end":24027.07},{"text":"you","start":24027.07,"end":24027.15},{"text":"very","start":24027.15,"end":24027.35},{"text":"much","start":24027.35,"end":24027.67},{"text":"for","start":24027.67,"end":24027.83},{"text":"inviting","start":24027.83,"end":24028.35},{"text":"me","start":24028.35,"end":24028.63},{"text":"and","start":24028.63,"end":24028.91},{"text":"joining","start":24028.91,"end":24029.27},{"text":"this","start":24029.27,"end":24029.47},{"text":"distinguished","start":24029.47,"end":24030.07},{"text":"panel","start":24030.07,"end":24030.55},{"text":"and","start":24031.11,"end":24031.27},{"text":"sharing","start":24031.27,"end":24031.75},{"text":"the","start":24031.75,"end":24031.83},{"text":"celebration","start":24031.83,"end":24032.67},{"text":"of","start":24032.67,"end":24032.79},{"text":"the","start":24032.79,"end":24032.91},{"text":"achievements","start":24032.91,"end":24033.67},{"text":"of","start":24033.67,"end":24034.15},{"text":"the","start":24034.15,"end":24034.27},{"text":"FFD","start":24034.27,"end":24034.79},{"text":"process.","start":24034.79,"end":24035.51}]},{"text":"Now, just to respond to your query, let me draw on my experience with the intergovernmental group of 24 developing countries, actually now 28, that coordinates the members' views on international monetary affairs and development financing.","start":24036.47,"end":24052.95,"topics":[{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. 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louder.","start":24185.59,"end":24186.63,"topics":[],"words":[{"text":"So","start":24185.59,"end":24185.75},{"text":"let","start":24185.75,"end":24185.91},{"text":"me","start":24185.91,"end":24186.03},{"text":"speak","start":24186.03,"end":24186.23},{"text":"louder.","start":24186.23,"end":24186.63}]},{"text":"So let me just mention a few examples illustrating the evolution of calls of action within the FFD and what happens over time.","start":24186.63,"end":24195.27,"topics":[],"words":[{"text":"So","start":24186.63,"end":24186.79},{"text":"let","start":24186.79,"end":24186.99},{"text":"me","start":24186.99,"end":24187.11},{"text":"just","start":24187.11,"end":24187.35},{"text":"mention","start":24187.35,"end":24187.75},{"text":"a","start":24187.75,"end":24187.83},{"text":"few","start":24187.83,"end":24188.03},{"text":"examples","start":24188.03,"end":24189.03},{"text":"illustrating","start":24189.11,"end":24190.15},{"text":"the","start":24190.39,"end":24190.59},{"text":"evolution","start":24190.79,"end":24191.47},{"text":"of","start":24191.47,"end":24191.59},{"text":"calls","start":24191.59,"end":24192.07},{"text":"of","start":24192.07,"end":24192.23},{"text":"action","start":24192.23,"end":24192.63},{"text":"within","start":24192.63,"end":24192.95},{"text":"the","start":24192.95,"end":24193.03},{"text":"FFD","start":24193.03,"end":24193.67},{"text":"and","start":24193.67,"end":24193.79},{"text":"what","start":24193.79,"end":24193.99},{"text":"happens","start":24193.99,"end":24194.47},{"text":"over","start":24194.47,"end":24194.79},{"text":"time.","start":24194.79,"end":24195.27}]},{"text":"Now, one is the use of special drawing rights to expand global liquidity in times of crisis.","start":24196.15,"end":24201.99,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."},{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"Now,","start":24196.15,"end":24196.31},{"text":"one","start":24196.31,"end":24196.55},{"text":"is","start":24196.55,"end":24196.63},{"text":"the","start":24196.63,"end":24196.79},{"text":"use","start":24196.79,"end":24197.11},{"text":"of","start":24197.11,"end":24197.19},{"text":"special","start":24197.19,"end":24197.67},{"text":"drawing","start":24197.67,"end":24197.99},{"text":"rights","start":24197.99,"end":24198.63},{"text":"to","start":24198.91,"end":24198.99},{"text":"expand","start":24198.99,"end":24199.51},{"text":"global","start":24199.51,"end":24199.87},{"text":"liquidity","start":24199.87,"end":24200.55},{"text":"in","start":24200.55,"end":24200.75},{"text":"times","start":24200.75,"end":24201.15},{"text":"of","start":24201.15,"end":24201.27},{"text":"crisis.","start":24201.27,"end":24201.99}]},{"text":"Much has happened since the Monterrey Consensus.","start":24203.11,"end":24205.91,"topics":[],"words":[{"text":"Much","start":24203.11,"end":24203.43},{"text":"has","start":24203.43,"end":24203.59},{"text":"happened","start":24203.59,"end":24204.23},{"text":"since","start":24204.23,"end":24204.51},{"text":"the","start":24204.51,"end":24204.63},{"text":"Monterrey","start":24204.63,"end":24205.11},{"text":"Consensus.","start":24205.11,"end":24205.91}]},{"text":"when the document asked the IMF to review the need for SDR allocations, noting the impact of the East Asian financial crisis that was unraveling at that time.","start":24206.43,"end":24219.11,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."},{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"when","start":24206.43,"end":24207.19},{"text":"the","start":24207.27,"end":24207.43},{"text":"document","start":24207.43,"end":24208.15},{"text":"asked","start":24208.15,"end":24208.39},{"text":"the","start":24208.39,"end":24208.67},{"text":"IMF","start":24208.67,"end":24209.27},{"text":"to","start":24209.27,"end":24209.39},{"text":"review","start":24209.39,"end":24209.75},{"text":"the","start":24209.75,"end":24209.91},{"text":"need","start":24209.91,"end":24210.31},{"text":"for","start":24210.47,"end":24210.63},{"text":"SDR","start":24210.63,"end":24211.15},{"text":"allocations,","start":24211.15,"end":24211.99},{"text":"noting","start":24212.31,"end":24212.79},{"text":"the","start":24212.79,"end":24212.91},{"text":"impact","start":24212.91,"end":24213.59},{"text":"of","start":24213.87,"end":24213.99},{"text":"the","start":24213.99,"end":24214.15},{"text":"East","start":24215.27,"end":24215.59},{"text":"Asian","start":24215.59,"end":24215.91},{"text":"financial","start":24215.91,"end":24216.39},{"text":"crisis","start":24216.39,"end":24216.95},{"text":"that","start":24217.19,"end":24217.43},{"text":"was","start":24217.43,"end":24217.67},{"text":"unraveling","start":24217.67,"end":24218.31},{"text":"at","start":24218.31,"end":24218.39},{"text":"that","start":24218.39,"end":24218.67},{"text":"time.","start":24218.67,"end":24219.11}]},{"text":"Now, Seville welcomes the largest 2021 SDR issuance to respond to multiple global crises and is asking to do more and expand the agenda, particularly on the re-channeling of SDRs from countries that do not need extra reserves to those that need liquidity support.","start":24219.99,"end":24244.03,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."},{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"Now,","start":24219.99,"end":24220.55},{"text":"Seville","start":24220.95,"end":24221.67},{"text":"welcomes","start":24221.83,"end":24222.63},{"text":"the","start":24222.87,"end":24223.35},{"text":"largest","start":24223.75,"end":24224.63},{"text":"2021","start":24224.71,"end":24225.51},{"text":"SDR","start":24225.51,"end":24225.99},{"text":"issuance","start":24225.99,"end":24226.63},{"text":"to","start":24226.99,"end":24227.07},{"text":"respond","start":24227.07,"end":24227.67},{"text":"to","start":24227.67,"end":24227.75},{"text":"multiple","start":24227.75,"end":24228.55},{"text":"global","start":24228.55,"end":24228.87},{"text":"crises","start":24228.87,"end":24229.59},{"text":"and","start":24229.99,"end":24230.19},{"text":"is","start":24230.19,"end":24230.39},{"text":"asking","start":24230.39,"end":24231.03},{"text":"to","start":24231.19,"end":24231.35},{"text":"do","start":24231.35,"end":24231.51},{"text":"more","start":24231.51,"end":24231.99},{"text":"and","start":24231.99,"end":24232.11},{"text":"expand","start":24232.11,"end":24232.59},{"text":"the","start":24232.59,"end":24232.67},{"text":"agenda,","start":24232.67,"end":24233.35},{"text":"particularly","start":24233.67,"end":24234.55},{"text":"on","start":24234.55,"end":24234.79},{"text":"the","start":24234.79,"end":24234.95},{"text":"re-channeling","start":24235.39,"end":24236.19},{"text":"of","start":24236.19,"end":24236.35},{"text":"SDRs","start":24236.35,"end":24237.15},{"text":"from","start":24237.39,"end":24237.63},{"text":"countries","start":24237.63,"end":24238.35},{"text":"that","start":24238.35,"end":24238.75},{"text":"do","start":24238.75,"end":24238.99},{"text":"not","start":24238.99,"end":24240.19},{"text":"need","start":24240.35,"end":24240.91},{"text":"extra","start":24240.91,"end":24241.23},{"text":"reserves","start":24241.23,"end":24241.79},{"text":"to","start":24242.03,"end":24242.15},{"text":"those","start":24242.15,"end":24242.51},{"text":"that","start":24242.51,"end":24242.67},{"text":"need","start":24242.67,"end":24242.91},{"text":"liquidity","start":24242.91,"end":24243.39},{"text":"support.","start":24243.39,"end":24244.03}]},{"text":"And new issuances are on the table as an ask from emerging markets and developing countries.","start":24244.59,"end":24252.03,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."},{"key":"development-banks","label":"Development Banks","description":"The role of multilateral, regional, national, and public development banks was highlighted as central to financing sustainable development. Discussion covered their capitalization, mandates, cooperation with each other, ability to crowd in private investment, and importance in funding long-term and countercyclical investment."}],"words":[{"text":"And","start":24244.59,"end":24245.19},{"text":"new","start":24245.47,"end":24245.79},{"text":"issuances","start":24245.79,"end":24246.75},{"text":"are","start":24246.99,"end":24247.31},{"text":"on","start":24247.31,"end":24247.39},{"text":"the","start":24247.39,"end":24247.51},{"text":"table","start":24247.51,"end":24248.19},{"text":"as","start":24248.51,"end":24248.83},{"text":"an","start":24248.91,"end":24249.19},{"text":"ask","start":24249.19,"end":24249.47},{"text":"from","start":24249.47,"end":24249.79},{"text":"emerging","start":24249.79,"end":24250.27},{"text":"markets","start":24250.27,"end":24250.71},{"text":"and","start":24250.71,"end":24250.83},{"text":"developing","start":24250.83,"end":24251.31},{"text":"countries.","start":24251.31,"end":24252.03}]},{"text":"The second example is on the reform of the global tax rules to support domestic resource mobilization.","start":24252.83,"end":24259.71,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. The discussion included tax administration support, global tax justice, curbing illicit flows, and expanding fiscal space through more effective domestic resource mobilization."}],"words":[{"text":"The","start":24252.83,"end":24252.99},{"text":"second","start":24252.99,"end":24253.71},{"text":"example","start":24253.79,"end":24254.59},{"text":"is","start":24254.59,"end":24254.79},{"text":"on","start":24254.79,"end":24254.87},{"text":"the","start":24254.87,"end":24254.99},{"text":"reform","start":24254.99,"end":24255.51},{"text":"of","start":24255.51,"end":24255.63},{"text":"the","start":24255.63,"end":24255.75},{"text":"global","start":24255.75,"end":24256.11},{"text":"tax","start":24256.11,"end":24256.51},{"text":"rules","start":24256.51,"end":24256.99},{"text":"to","start":24256.99,"end":24257.07},{"text":"support","start":24257.23,"end":24257.79},{"text":"domestic","start":24257.79,"end":24258.43},{"text":"resource","start":24258.43,"end":24258.83},{"text":"mobilization.","start":24258.83,"end":24259.71}]},{"text":"The Monterrey Consensus briefly noted strengthening international tax cooperation, particularly to give attention to developing countries and their concerns.","start":24260.59,"end":24270.75,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. 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They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."}],"words":[{"text":"The","start":24260.59,"end":24260.71},{"text":"Monterrey","start":24260.71,"end":24261.15},{"text":"Consensus","start":24261.15,"end":24262.11},{"text":"briefly","start":24262.27,"end":24262.67},{"text":"noted","start":24262.67,"end":24263.15},{"text":"strengthening","start":24263.15,"end":24263.87},{"text":"international","start":24263.87,"end":24264.55},{"text":"tax","start":24264.55,"end":24264.91},{"text":"cooperation,","start":24264.91,"end":24265.71},{"text":"particularly","start":24266.07,"end":24266.75},{"text":"to","start":24266.75,"end":24266.87},{"text":"give","start":24266.87,"end":24266.99},{"text":"attention","start":24266.99,"end":24267.63},{"text":"to","start":24267.63,"end":24267.71},{"text":"developing","start":24267.71,"end":24268.27},{"text":"countries","start":24268.27,"end":24268.91},{"text":"and","start":24269.39,"end":24269.59},{"text":"their","start":24269.59,"end":24269.79},{"text":"concerns.","start":24269.79,"end":24270.75}]},{"text":"At the Addis Ababa Convention, the UN engagement in global tax matters was a prominent issue.","start":24271.39,"end":24278.91,"topics":[{"key":"tax-cooperation","label":"Tax Cooperation and Domestic Resource Mobilization","description":"Several speakers underlined that stronger domestic revenue systems and fairer international tax rules are essential for development financing. 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you've been, I think, at all of the, three of the four in conferences on FFD.","start":24551.27,"end":24555.67,"topics":[],"words":[{"text":"So","start":24551.27,"end":24551.43},{"text":"you've","start":24551.43,"end":24551.71},{"text":"been,","start":24551.71,"end":24551.83},{"text":"I","start":24551.83,"end":24551.91},{"text":"think,","start":24551.91,"end":24552.15},{"text":"at","start":24552.15,"end":24552.39},{"text":"all","start":24552.39,"end":24552.59},{"text":"of","start":24552.59,"end":24552.79},{"text":"the,","start":24552.79,"end":24552.91},{"text":"three","start":24552.95,"end":24553.27},{"text":"of","start":24553.27,"end":24553.35},{"text":"the","start":24553.35,"end":24553.43},{"text":"four","start":24553.43,"end":24553.83},{"text":"in","start":24553.83,"end":24554.23},{"text":"conferences","start":24554.23,"end":24554.87},{"text":"on","start":24554.87,"end":24554.95},{"text":"FFD.","start":24554.95,"end":24555.67}]},{"text":"You also were the leader of the International 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given your experience, what role do you see in the UN and FFD going 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thank you, Shari.","start":24568.23,"end":24570.39,"topics":[],"words":[{"text":"Well,","start":24568.23,"end":24568.39},{"text":"thank","start":24568.87,"end":24569.27},{"text":"you,","start":24569.27,"end":24569.59},{"text":"Shari.","start":24569.83,"end":24570.39}]},{"text":"And thank you for the invitation to be in this panel.","start":24571.19,"end":24573.31,"topics":[],"words":[{"text":"And","start":24571.19,"end":24571.35},{"text":"thank","start":24571.35,"end":24571.55},{"text":"you","start":24571.55,"end":24571.67},{"text":"for","start":24571.67,"end":24571.79},{"text":"the","start":24571.79,"end":24571.87},{"text":"invitation","start":24571.87,"end":24572.39},{"text":"to","start":24572.39,"end":24572.51},{"text":"be","start":24572.51,"end":24572.63},{"text":"in","start":24572.63,"end":24572.71},{"text":"this","start":24572.71,"end":24572.91},{"text":"panel.","start":24572.91,"end":24573.31}]},{"text":"Let me start by actually emphasizing one point that you said, Compromiso de 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One thing that was very important is, in a sense, the decision of developing countries to bring this issue to the United Nations, which, in a sense, had been excluded from economic issues for a couple of decades, let's say.","start":24639.63,"end":24655.63,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that global challenges such as poverty, conflict, and climate change require a stronger and more inclusive multilateral system. 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one thing that's being considered would be to change it.","start":25036.63,"end":25039.83,"topics":[],"words":[{"text":"So","start":25036.63,"end":25036.87},{"text":"one","start":25036.87,"end":25037.11},{"text":"thing","start":25037.11,"end":25037.27},{"text":"that's","start":25037.27,"end":25037.55},{"text":"being","start":25037.55,"end":25037.75},{"text":"considered","start":25037.75,"end":25038.47},{"text":"would","start":25038.63,"end":25038.87},{"text":"be","start":25038.87,"end":25039.03},{"text":"to","start":25039.03,"end":25039.19},{"text":"change","start":25039.19,"end":25039.59},{"text":"it.","start":25039.59,"end":25039.83}]},{"text":"Should it be moved before the spring 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the meeting.","start":25054.31,"end":25055.99,"topics":[],"words":[{"text":"but","start":25054.31,"end":25054.55},{"text":"maybe","start":25054.71,"end":25055.11},{"text":"before","start":25055.11,"end":25055.51},{"text":"the","start":25055.51,"end":25055.63},{"text":"meeting.","start":25055.63,"end":25055.99}]},{"text":"The problem is rather a different one.","start":25056.31,"end":25059.11,"topics":[],"words":[{"text":"The","start":25056.31,"end":25056.71},{"text":"problem","start":25056.71,"end":25057.03},{"text":"is","start":25057.03,"end":25057.75},{"text":"rather","start":25057.99,"end":25058.27},{"text":"a","start":25058.39,"end":25058.43},{"text":"different","start":25058.43,"end":25058.83},{"text":"one.","start":25058.83,"end":25059.11}]},{"text":"It's to have the commitment to have more finance ministers to come to New York.","start":25059.59,"end":25063.51,"topics":[{"key":"multilateral-reform","label":"Multilateral Reform","description":"Speakers repeatedly stressed that 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They also called for reforms so that developing countries, civil society, youth, and other underrepresented voices have greater influence in global decision-making."}],"words":[{"text":"We","start":25488.39,"end":25488.55},{"text":"stand","start":25488.55,"end":25489.19},{"text":"as","start":25489.27,"end":25489.51},{"text":"a","start":25489.51,"end":25489.55},{"text":"prophetic","start":25489.55,"end":25490.31},{"text":"voice,","start":25490.31,"end":25490.95},{"text":"urging","start":25491.43,"end":25492.15},{"text":"governments","start":25492.15,"end":25493.27},{"text":"to","start":25493.35,"end":25493.47},{"text":"foster","start":25493.51,"end":25494.15},{"text":"global","start":25494.15,"end":25494.55},{"text":"relationships","start":25494.55,"end":25495.59},{"text":"defined","start":25495.75,"end":25496.55},{"text":"by","start":25496.55,"end":25496.71},{"text":"solidarity,","start":25496.71,"end":25497.91},{"text":"equity,","start":25498.35,"end":25499.03},{"text":"and","start":25499.03,"end":25499.27},{"text":"care","start":25499.27,"end":25499.91},{"text":"for","start":25499.91,"end":25500.15},{"text":"the","start":25500.15,"end":25500.23},{"text":"vulnerable.","start":25500.23,"end":25501.03}]},{"text":"We denounce immoral inequalities, where billionaires thrive while billions go hungry, as betrayal of vision for a just world.","start":25501.63,"end":25512.75,"topics":[{"key":"human-development","label":"Health, Education, and Human Development","description":"Speakers frequently returned to the human consequences of financing shortfalls, especially for health, education, jobs, and basic services. 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a question of what-- when we had in 2014, we had a debt process at the UN.","start":25819.25,"end":25825.73,"topics":[],"words":[{"text":"It's","start":25819.25,"end":25819.49},{"text":"a","start":25819.49,"end":25819.57},{"text":"question","start":25819.57,"end":25820.01},{"text":"of","start":25820.01,"end":25820.13},{"text":"what--","start":25820.13,"end":25820.45},{"text":"when","start":25820.77,"end":25821.33},{"text":"we","start":25821.33,"end":25821.77},{"text":"had","start":25821.77,"end":25821.89},{"text":"in","start":25821.89,"end":25822.01},{"text":"2014,","start":25822.01,"end":25823.57},{"text":"we","start":25823.57,"end":25823.65},{"text":"had","start":25823.65,"end":25824.09},{"text":"a","start":25824.09,"end":25824.13},{"text":"debt","start":25824.17,"end":25824.57},{"text":"process","start":25824.57,"end":25825.01},{"text":"at","start":25825.01,"end":25825.09},{"text":"the","start":25825.09,"end":25825.21},{"text":"UN.","start":25825.21,"end":25825.73}]},{"text":"And not a single developed country came.","start":25826.21,"end":25828.73,"topics":[],"words":[{"text":"And","start":25826.21,"end":25826.45},{"text":"not","start":25826.45,"end":25826.69},{"text":"a","start":25826.69,"end":25826.77},{"text":"single","start":25826.77,"end":25827.41},{"text":"developed","start":25827.41,"end":25828.13},{"text":"country","start":25828.13,"end":25828.45},{"text":"came.","start":25828.45,"end":25828.73}]},{"text":"Norway was the only one sitting in the room.","start":25828.73,"end":25830.85,"topics":[],"words":[{"text":"Norway","start":25828.73,"end":25829.17},{"text":"was","start":25829.17,"end":25829.33},{"text":"the","start":25829.33,"end":25829.45},{"text":"only","start":25829.45,"end":25829.73},{"text":"one","start":25829.73,"end":25829.97},{"text":"sitting","start":25829.97,"end":25830.29},{"text":"in","start":25830.29,"end":25830.37},{"text":"the","start":25830.37,"end":25830.49},{"text":"room.","start":25830.49,"end":25830.85}]},{"text":"And the result 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it use part of what happened in F54?","start":25885.73,"end":25887.97,"topics":[],"words":[{"text":"Can","start":25885.73,"end":25885.89},{"text":"it","start":25885.89,"end":25886.01},{"text":"use","start":25886.01,"end":25886.37},{"text":"part","start":25886.37,"end":25886.57},{"text":"of","start":25886.57,"end":25886.65},{"text":"what","start":25886.65,"end":25886.81},{"text":"happened","start":25886.81,"end":25887.13},{"text":"in","start":25887.13,"end":25887.21},{"text":"F54?","start":25887.21,"end":25887.97}]},{"text":"And how do we make this politically 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So just very briefly, we don't have much time.","start":25895.25,"end":25899.57,"topics":[],"words":[{"text":"Okay.","start":25895.25,"end":25895.65},{"text":"So","start":25897.01,"end":25897.17},{"text":"just","start":25897.17,"end":25897.49},{"text":"very","start":25897.49,"end":25897.77},{"text":"briefly,","start":25897.77,"end":25898.29},{"text":"we","start":25898.29,"end":25898.45},{"text":"don't","start":25898.45,"end":25898.81},{"text":"have","start":25898.81,"end":25898.93},{"text":"much","start":25898.93,"end":25899.17},{"text":"time.","start":25899.17,"end":25899.57}]},{"text":"The Jubilee report was commissioned by Pope Francis this year.","start":25900.13,"end":25904.85,"topics":[{"key":"debt-architecture","label":"Debt Architecture Reform","description":"Many interventions focused on the debt crisis facing developing countries and the need to overhaul the international debt system. 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with that, unless anyone wants to say the last word, If not, thank you all for coming and thank you for staying this late in a very hot room and see you all tomorrow.","start":26156.97,"end":26168.29,"topics":[],"words":[{"text":"So","start":26156.97,"end":26157.45},{"text":"with","start":26157.61,"end":26157.77},{"text":"that,","start":26157.77,"end":26158.09},{"text":"unless","start":26158.09,"end":26158.41},{"text":"anyone","start":26158.41,"end":26158.81},{"text":"wants","start":26158.81,"end":26159.13},{"text":"to","start":26159.13,"end":26159.21},{"text":"say","start":26159.21,"end":26159.41},{"text":"the","start":26159.41,"end":26159.49},{"text":"last","start":26159.49,"end":26159.85},{"text":"word,","start":26159.85,"end":26160.33},{"text":"If","start":26161.33,"end":26161.41},{"text":"not,","start":26161.41,"end":26161.81},{"text":"thank","start":26161.97,"end":26162.21},{"text":"you","start":26162.21,"end":26162.37},{"text":"all","start":26162.37,"end":26162.45},{"text":"for","start":26162.45,"end":26162.61},{"text":"coming","start":26162.61,"end":26163.09},{"text":"and","start":26163.09,"end":26163.29},{"text":"thank","start":26163.29,"end":26163.45},{"text":"you","start":26163.45,"end":26163.53},{"text":"for","start":26163.53,"end":26163.65},{"text":"staying","start":26163.65,"end":26163.97},{"text":"this","start":26163.97,"end":26164.13},{"text":"late","start":26164.13,"end":26164.41},{"text":"in","start":26164.41,"end":26164.53},{"text":"a","start":26164.53,"end":26164.61},{"text":"very","start":26164.61,"end":26164.93},{"text":"hot","start":26164.93,"end":26165.25},{"text":"room","start":26165.25,"end":26165.65},{"text":"and","start":26165.97,"end":26167.57},{"text":"see","start":26167.57,"end":26167.77},{"text":"you","start":26167.77,"end":26167.85},{"text":"all","start":26167.85,"end":26167.93},{"text":"tomorrow.","start":26167.93,"end":26168.29}]},{"text":"And thank you so much for my panelists.","start":26168.29,"end":26169.89,"topics":[],"words":[{"text":"And","start":26168.29,"end":26168.41},{"text":"thank","start":26168.41,"end":26168.61},{"text":"you","start":26168.61,"end":26168.69},{"text":"so","start":26168.69,"end":26168.85},{"text":"much","start":26168.85,"end":26169.01},{"text":"for","start":26169.01,"end":26169.13},{"text":"my","start":26169.13,"end":26169.25},{"text":"panelists.","start":26169.25,"end":26169.89}]},{"text":"It was really wonderful to bring everyone together for this 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