{"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/k17/k17ausmpm8?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/k17/k17ausmpm8.txt","guide":"/llms.txt"},"video":{"id":"k17/k17ausmpm8","kaltura_id":"1_7ausmpm8","title":"(Day 4) Special Events - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","clean_title":"(Day 4) Special Events - 4th International Conference on Financing for Development FFD4 (Sevilla, Spain)","url":"https://webtv.un.org/en/asset/k17/k17ausmpm8","date":"2025-07-03T00:00:00.000Z","scheduled_time":"2025-07-03T06:30:00.000Z","status":"finished","duration":"03:29:09","category":"Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k17/k17ausmpm8"},"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":"8:30 a.m. to 10:00 a.m.: Boosting Quality FDI for Inclusive Growth and Sustainable Development in Africa\nThe Africa Virtual Investment Platform - a joint initiative of the African Union Commission (AUC) and OECD - is designed to improve transparency in investment conditions, address risk perceptions, and support investment policy reforms across the continent. To address these challenges, AVIP will provide regularly updated indicators and analysis of Africa's investment landscape, covering foreign and domestic investment trends, infrastructure ecosystems, and sustainability impacts. On foreign investment trends and impacts the FDI Qualities Indicators will be leveraged and further developed. The event is co-organised by the African Union Commission and the OECD, with the support of Zambia (FfD4 co-host) and the European Union.\n10:30 a.m. - 12:00 p.m: New Framework for global taxation trends\nThe primary objective of this high-level event is to explore the crucial role that taxation plays in financing sustainable development, and to move from declaration to action. By bringing together high-level representatives from different countries and civil society, the special event will provide a platform to engage in a comprehensive dialogue on enhancing tax systems, curbing tax avoidance, and fostering a fairer global tax architecture. The discussions will aim to identify actionable commitments, especially on international corporate taxation and HNWI that can drive progress towards the achievement of the United Nations Sustainable Development Goals (SDGs).","categories":["Meetings & Events","Conferences","International Conference on Financing for Development","Fourth Session"],"geographic_subject":[],"subject_topical":["SUSTAINABLE DEVELOPMENT GOALS","SUSTAINABLE DEVELOPMENT","TAXATION","DEVELOPMENT FINANCE"],"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-aae89dac-c306-4790-93e2-ca6ada8eecac","language":"en","data":[{"statement_number":1,"start":0.35,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=1","paragraphs":[{"sentences":[{"text":"We believe that is projected to grow to $6.4 trillion annually by 2030.","start":0.35,"end":6.63,"topics":[],"words":[{"text":"We","start":0.35,"end":0.75},{"text":"believe","start":0.75,"end":1.11},{"text":"that","start":1.11,"end":1.27},{"text":"is","start":1.27,"end":1.39},{"text":"projected","start":1.39,"end":1.95},{"text":"to","start":1.95,"end":2.11},{"text":"grow","start":2.11,"end":2.75},{"text":"to","start":2.99,"end":3.71},{"text":"$6.4","start":3.71,"end":4.27},{"text":"trillion","start":4.27,"end":5.15},{"text":"annually","start":5.15,"end":5.63},{"text":"by","start":5.63,"end":5.79},{"text":"2030.","start":5.79,"end":6.63}]},{"text":"Africa alone faces a shortfall of $1.6 trillion per year.","start":7.23,"end":12.99,"topics":[],"words":[{"text":"Africa","start":7.23,"end":7.79},{"text":"alone","start":7.87,"end":8.75},{"text":"faces","start":8.75,"end":9.23},{"text":"a","start":9.23,"end":9.31},{"text":"shortfall","start":9.31,"end":10.11},{"text":"of","start":10.43,"end":10.63},{"text":"$1.6","start":10.79,"end":11.15},{"text":"trillion","start":11.15,"end":12.27},{"text":"per","start":12.27,"end":12.67},{"text":"year.","start":12.67,"end":12.99}]},{"text":"While Africa saw FDI grow in 2024, the surge is driven by a small group of projects in a few countries, and the overall amount remains insufficient when compared to the financing for development needs.","start":13.99,"end":28.91,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."}],"words":[{"text":"While","start":13.99,"end":14.35},{"text":"Africa","start":14.35,"end":14.75},{"text":"saw","start":14.75,"end":14.99},{"text":"FDI","start":14.99,"end":15.55},{"text":"grow","start":15.55,"end":16.19},{"text":"in","start":16.27,"end":16.47},{"text":"2024,","start":16.47,"end":17.47},{"text":"the","start":17.79,"end":17.91},{"text":"surge","start":17.95,"end":18.35},{"text":"is","start":18.35,"end":18.51},{"text":"driven","start":18.51,"end":18.99},{"text":"by","start":19.23,"end":19.47},{"text":"a","start":19.47,"end":19.55},{"text":"small","start":19.55,"end":20.11},{"text":"group","start":20.11,"end":20.35},{"text":"of","start":20.35,"end":20.43},{"text":"projects","start":20.43,"end":21.15},{"text":"in","start":21.23,"end":21.43},{"text":"a","start":21.43,"end":21.47},{"text":"few","start":21.47,"end":21.87},{"text":"countries,","start":21.87,"end":22.59},{"text":"and","start":22.99,"end":23.27},{"text":"the","start":23.27,"end":23.35},{"text":"overall","start":23.35,"end":23.95},{"text":"amount","start":23.95,"end":24.43},{"text":"remains","start":24.43,"end":24.99},{"text":"insufficient","start":24.99,"end":26.07},{"text":"when","start":26.07,"end":26.27},{"text":"compared","start":26.27,"end":26.83},{"text":"to","start":26.83,"end":26.91},{"text":"the","start":26.91,"end":27.03},{"text":"financing","start":27.03,"end":27.71},{"text":"for","start":27.71,"end":27.87},{"text":"development","start":27.87,"end":28.39},{"text":"needs.","start":28.39,"end":28.91}]},{"text":"While half of all new greenfield investment now targets green and digital sectors, the jobs generated per dollar invested have actually fallen by 17%.","start":29.59,"end":42.47,"topics":[{"key":"green-digital-transition","label":"Green and Digital Transition","description":"A recurring topic was directing investment toward green energy, climate action, digital infrastructure, and technology-driven sectors. Participants emphasized that Africa’s development strategy should align investment with both environmental sustainability and digital transformation."},{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. Investment was framed as a way to turn growth into tangible opportunities and reduce pressures such as migration."}],"words":[{"text":"While","start":29.59,"end":29.87},{"text":"half","start":29.87,"end":30.43},{"text":"of","start":30.47,"end":30.67},{"text":"all","start":30.67,"end":30.99},{"text":"new","start":30.99,"end":31.15},{"text":"greenfield","start":31.15,"end":32.03},{"text":"investment","start":32.03,"end":32.67},{"text":"now","start":32.67,"end":32.99},{"text":"targets","start":32.99,"end":33.55},{"text":"green","start":33.55,"end":34.03},{"text":"and","start":34.03,"end":34.15},{"text":"digital","start":34.15,"end":34.51},{"text":"sectors,","start":34.51,"end":35.23},{"text":"the","start":35.63,"end":35.75},{"text":"jobs","start":35.79,"end":36.35},{"text":"generated","start":36.35,"end":37.07},{"text":"per","start":37.07,"end":37.39},{"text":"dollar","start":37.39,"end":37.79},{"text":"invested","start":37.79,"end":38.51},{"text":"have","start":38.67,"end":38.95},{"text":"actually","start":38.95,"end":39.31},{"text":"fallen","start":39.31,"end":41.55},{"text":"by","start":41.71,"end":41.79},{"text":"17%.","start":42.43,"end":42.47}]},{"text":"These numbers make one thing clear.","start":42.47,"end":44.19,"topics":[],"words":[{"text":"These","start":42.47,"end":42.75},{"text":"numbers","start":42.75,"end":43.15},{"text":"make","start":43.15,"end":43.31},{"text":"one","start":43.31,"end":43.55},{"text":"thing","start":43.55,"end":43.79},{"text":"clear.","start":43.79,"end":44.19}]},{"text":"We don't just need more investment, we need better investment.","start":44.75,"end":49.07,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."}],"words":[{"text":"We","start":44.75,"end":44.99},{"text":"don't","start":44.99,"end":45.43},{"text":"just","start":45.43,"end":45.63},{"text":"need","start":45.63,"end":45.83},{"text":"more","start":45.83,"end":46.51},{"text":"investment,","start":46.51,"end":47.15},{"text":"we","start":47.31,"end":47.55},{"text":"need","start":47.55,"end":47.75},{"text":"better","start":47.75,"end":48.35},{"text":"investment.","start":48.51,"end":49.07}]},{"text":"Investment that creates jobs, investment that drives inclusion, investment that powers the green and digital transformation.","start":49.71,"end":58.19,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."},{"key":"green-digital-transition","label":"Green and Digital Transition","description":"A recurring topic was directing investment toward green energy, climate action, digital infrastructure, and technology-driven sectors. Participants emphasized that Africa’s development strategy should align investment with both environmental sustainability and digital transformation."},{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. Investment was framed as a way to turn growth into tangible opportunities and reduce pressures such as migration."}],"words":[{"text":"Investment","start":49.71,"end":50.31},{"text":"that","start":50.31,"end":50.47},{"text":"creates","start":50.47,"end":50.87},{"text":"jobs,","start":50.87,"end":51.55},{"text":"investment","start":51.79,"end":52.35},{"text":"that","start":52.35,"end":52.51},{"text":"drives","start":52.51,"end":53.07},{"text":"inclusion,","start":53.07,"end":53.79},{"text":"investment","start":54.19,"end":54.71},{"text":"that","start":54.71,"end":54.91},{"text":"powers","start":54.91,"end":55.63},{"text":"the","start":55.63,"end":55.71},{"text":"green","start":55.71,"end":56.35},{"text":"and","start":56.35,"end":56.63},{"text":"digital","start":56.63,"end":57.07},{"text":"transformation.","start":57.07,"end":58.19}]},{"text":"That is why quality investment is our focus, and that is what we are focusing on here today in the mobilization effort.","start":58.87,"end":66.87,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."}],"words":[{"text":"That","start":58.87,"end":59.11},{"text":"is","start":59.11,"end":59.27},{"text":"why","start":59.27,"end":59.51},{"text":"quality","start":59.51,"end":60.63},{"text":"investment","start":60.63,"end":61.51},{"text":"is","start":61.51,"end":61.71},{"text":"our","start":61.71,"end":61.83},{"text":"focus,","start":61.83,"end":62.39},{"text":"and","start":62.39,"end":62.59},{"text":"that","start":62.59,"end":62.71},{"text":"is","start":62.71,"end":62.91},{"text":"what","start":62.91,"end":63.19},{"text":"we","start":63.19,"end":63.39},{"text":"are","start":63.39,"end":63.51},{"text":"focusing","start":63.51,"end":63.99},{"text":"on","start":63.99,"end":64.15},{"text":"here","start":64.15,"end":64.39},{"text":"today","start":64.39,"end":65.03},{"text":"in","start":65.35,"end":65.55},{"text":"the","start":65.55,"end":65.63},{"text":"mobilization","start":65.63,"end":66.47},{"text":"effort.","start":66.47,"end":66.87}]},{"text":"The question before us is clear.","start":67.59,"end":69.11,"topics":[],"words":[{"text":"The","start":67.59,"end":67.71},{"text":"question","start":67.71,"end":68.11},{"text":"before","start":68.11,"end":68.47},{"text":"us","start":68.47,"end":68.55},{"text":"is","start":68.55,"end":68.71},{"text":"clear.","start":68.71,"end":69.11}]},{"text":"Why are the vast savings, both within Africa and globally, not flowing to meet the continent's immense investment needs and opportunities?","start":69.83,"end":81.91,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"Why","start":69.83,"end":70.47},{"text":"are","start":70.55,"end":70.71},{"text":"the","start":70.71,"end":70.87},{"text":"vast","start":70.87,"end":71.27},{"text":"savings,","start":71.27,"end":72.07},{"text":"both","start":72.15,"end":72.47},{"text":"within","start":72.47,"end":73.27},{"text":"Africa","start":73.27,"end":73.99},{"text":"and","start":74.07,"end":74.35},{"text":"globally,","start":74.35,"end":75.11},{"text":"not","start":75.43,"end":75.91},{"text":"flowing","start":75.91,"end":76.47},{"text":"to","start":76.47,"end":76.63},{"text":"meet","start":76.63,"end":76.95},{"text":"the","start":76.95,"end":77.03},{"text":"continent's","start":77.03,"end":77.95},{"text":"immense","start":77.95,"end":78.79},{"text":"investment","start":78.95,"end":79.67},{"text":"needs","start":79.67,"end":80.15},{"text":"and","start":80.39,"end":80.87},{"text":"opportunities?","start":80.87,"end":81.91}]},{"text":"One part of that answer is risk, whether that risk is real or perceived.","start":82.47,"end":88.23,"topics":[],"words":[{"text":"One","start":82.47,"end":82.79},{"text":"part","start":82.79,"end":82.99},{"text":"of","start":82.99,"end":83.07},{"text":"that","start":83.07,"end":83.27},{"text":"answer","start":83.27,"end":83.75},{"text":"is","start":83.99,"end":84.23},{"text":"risk,","start":84.23,"end":84.71},{"text":"whether","start":85.31,"end":85.75},{"text":"that","start":85.75,"end":85.99},{"text":"risk","start":85.99,"end":86.39},{"text":"is","start":86.39,"end":86.63},{"text":"real","start":86.63,"end":87.19},{"text":"or","start":87.19,"end":87.43},{"text":"perceived.","start":87.43,"end":88.23}]},{"text":"These risks drive up the cost of capital and make investment in Africa less competitive.","start":88.67,"end":94.91,"topics":[],"words":[{"text":"These","start":88.67,"end":88.99},{"text":"risks","start":88.99,"end":89.59},{"text":"drive","start":89.71,"end":90.31},{"text":"up","start":90.31,"end":90.43},{"text":"the","start":90.43,"end":90.55},{"text":"cost","start":90.55,"end":90.91},{"text":"of","start":90.91,"end":90.99},{"text":"capital","start":90.99,"end":91.63},{"text":"and","start":91.71,"end":91.95},{"text":"make","start":91.95,"end":92.11},{"text":"investment","start":92.11,"end":92.87},{"text":"in","start":92.87,"end":92.99},{"text":"Africa","start":92.99,"end":93.63},{"text":"less","start":93.71,"end":94.19},{"text":"competitive.","start":94.19,"end":94.91}]},{"text":"So why the Africa Virtual Investment Platform?","start":95.79,"end":98.51,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"So","start":95.79,"end":96.03},{"text":"why","start":96.03,"end":96.35},{"text":"the","start":96.35,"end":96.55},{"text":"Africa","start":96.55,"end":96.99},{"text":"Virtual","start":96.99,"end":97.39},{"text":"Investment","start":97.39,"end":97.87},{"text":"Platform?","start":97.87,"end":98.51}]},{"text":"AVIP stands as an important tool to attract more quality investment to the African countries.","start":99.23,"end":105.71,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."},{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"AVIP","start":99.23,"end":100.03},{"text":"stands","start":100.03,"end":100.67},{"text":"as","start":100.67,"end":100.91},{"text":"an","start":100.91,"end":100.99},{"text":"important","start":100.99,"end":101.59},{"text":"tool","start":101.59,"end":101.79},{"text":"to","start":101.79,"end":101.99},{"text":"attract","start":101.99,"end":102.67},{"text":"more","start":102.67,"end":102.83},{"text":"quality","start":102.83,"end":103.35},{"text":"investment","start":103.35,"end":103.95},{"text":"to","start":104.27,"end":104.43},{"text":"the","start":104.51,"end":104.63},{"text":"African","start":104.63,"end":105.07},{"text":"countries.","start":105.07,"end":105.71}]},{"text":"Through AVIP, we want to achieve the following objectives.","start":106.35,"end":110.43,"topics":[],"words":[{"text":"Through","start":106.35,"end":106.75},{"text":"AVIP,","start":106.75,"end":107.63},{"text":"we","start":107.79,"end":108.03},{"text":"want","start":108.03,"end":108.31},{"text":"to","start":108.31,"end":108.39},{"text":"achieve","start":108.39,"end":108.83},{"text":"the","start":108.83,"end":108.99},{"text":"following","start":108.99,"end":109.63},{"text":"objectives.","start":109.63,"end":110.43}]},{"text":"Bridge the information gaps.","start":111.15,"end":112.67,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"Bridge","start":111.15,"end":111.55},{"text":"the","start":111.55,"end":111.67},{"text":"information","start":111.67,"end":112.23},{"text":"gaps.","start":112.23,"end":112.67}]},{"text":"by providing more granular and regularly updated indicators on domestic and foreign investment, infrastructure, ecosystems, and policy settings.","start":113.15,"end":123.71,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"by","start":113.15,"end":113.23},{"text":"providing","start":113.23,"end":113.71},{"text":"more","start":113.71,"end":113.95},{"text":"granular","start":113.95,"end":114.83},{"text":"and","start":114.83,"end":115.07},{"text":"regularly","start":115.07,"end":115.79},{"text":"updated","start":115.79,"end":116.43},{"text":"indicators","start":116.43,"end":117.31},{"text":"on","start":117.31,"end":117.55},{"text":"domestic","start":117.55,"end":118.35},{"text":"and","start":118.51,"end":118.99},{"text":"foreign","start":118.99,"end":119.47},{"text":"investment,","start":119.47,"end":120.11},{"text":"infrastructure,","start":120.51,"end":121.47},{"text":"ecosystems,","start":121.55,"end":122.35},{"text":"and","start":122.35,"end":122.51},{"text":"policy","start":122.51,"end":123.15},{"text":"settings.","start":123.15,"end":123.71}]},{"text":"Secondly, to align the risk perceptions with reality, showcasing investment opportunities while flagging the reform priorities that individual countries are focused on.","start":124.27,"end":136.11,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."},{"key":"policy-reforms","label":"Investment Climate Reforms","description":"Several interventions focused on regulatory, fiscal, and institutional reforms needed to improve the business environment and make African economies more attractive to investors. 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is about partnership in practice.","start":364.43,"end":367.39,"topics":[],"words":[{"text":"Today","start":364.43,"end":364.75},{"text":"is","start":364.75,"end":364.95},{"text":"about","start":364.95,"end":365.23},{"text":"partnership","start":365.23,"end":366.11},{"text":"in","start":366.35,"end":366.59},{"text":"practice.","start":366.59,"end":367.39}]},{"text":"Over the next 90 minutes, we will hear from ministers and experts on how to scale up quality FDI.","start":367.87,"end":374.83,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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SDGs need that we all want to see achieved.","start":375.23,"end":389.39,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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we are so thrilled that he is joining us here today.","start":446.27,"end":448.75,"topics":[],"words":[{"text":"And","start":446.27,"end":446.39},{"text":"we","start":446.39,"end":446.47},{"text":"are","start":446.47,"end":446.59},{"text":"so","start":446.59,"end":446.99},{"text":"thrilled","start":446.99,"end":447.31},{"text":"that","start":447.31,"end":447.43},{"text":"he","start":447.43,"end":447.55},{"text":"is","start":447.55,"end":447.71},{"text":"joining","start":447.71,"end":448.11},{"text":"us","start":448.11,"end":448.19},{"text":"here","start":448.19,"end":448.39},{"text":"today.","start":448.39,"end":448.75}]},{"text":"Thank you very much.","start":448.99,"end":449.87,"topics":[],"words":[{"text":"Thank","start":448.99,"end":449.19},{"text":"you","start":449.19,"end":449.27},{"text":"very","start":449.27,"end":449.47},{"text":"much.","start":449.47,"end":449.87}]}]}],"speaker":{"name":"Mary Beth 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are here, ladies and gentlemen, to reaffirm a shared ambition, which is to harness quality foreign direct investment as a driver of job creation, inclusive growth and sustainable development in Africa.","start":537.87,"end":554.83,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."},{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. 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also would like to take this opportunity before we move on to thank Spain, the host of this magnificent conference, and again, the co-facilitator, Zambia, for your participation in the 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now we have heard the vision.","start":1029.39,"end":1031.79,"topics":[],"words":[{"text":"But","start":1029.39,"end":1029.55},{"text":"now","start":1029.55,"end":1029.79},{"text":"we","start":1029.79,"end":1030.03},{"text":"have","start":1030.03,"end":1030.27},{"text":"heard","start":1030.51,"end":1031.07},{"text":"the","start":1031.07,"end":1031.23},{"text":"vision.","start":1031.23,"end":1031.79}]},{"text":"Now we need to know the details.","start":1032.03,"end":1034.03,"topics":[],"words":[{"text":"Now","start":1032.03,"end":1032.35},{"text":"we","start":1032.35,"end":1032.51},{"text":"need","start":1032.51,"end":1032.71},{"text":"to","start":1032.71,"end":1032.99},{"text":"know","start":1032.99,"end":1033.23},{"text":"the","start":1033.23,"end":1033.39},{"text":"details.","start":1033.39,"end":1034.03}]},{"text":"What are we doing here?","start":1034.03,"end":1035.35,"topics":[],"words":[{"text":"What","start":1034.03,"end":1034.51},{"text":"are","start":1034.51,"end":1034.75},{"text":"we","start":1034.75,"end":1034.87},{"text":"doing","start":1034.87,"end":1035.15},{"text":"here?","start":1035.15,"end":1035.35}]},{"text":"What is the Africa Virtual Investment Platform?","start":1035.35,"end":1038.27,"topics":[],"words":[{"text":"What","start":1035.35,"end":1035.55},{"text":"is","start":1035.55,"end":1035.79},{"text":"the","start":1035.79,"end":1035.91},{"text":"Africa","start":1035.91,"end":1036.35},{"text":"Virtual","start":1036.75,"end":1037.19},{"text":"Investment","start":1037.19,"end":1037.71},{"text":"Platform?","start":1037.71,"end":1038.27}]},{"text":"What have we done?","start":1038.63,"end":1040.47,"topics":[],"words":[{"text":"What","start":1038.63,"end":1038.91},{"text":"have","start":1039.71,"end":1039.95},{"text":"we","start":1039.95,"end":1040.19},{"text":"done?","start":1040.19,"end":1040.47}]},{"text":"Where are we going?","start":1040.47,"end":1041.39,"topics":[],"words":[{"text":"Where","start":1040.47,"end":1040.71},{"text":"are","start":1040.71,"end":1040.79},{"text":"we","start":1040.79,"end":1040.91},{"text":"going?","start":1040.91,"end":1041.39}]},{"text":"And to do that, I would like to invite Antonio Gomes from the OECD, the Deputy Director of the Financial Affairs Directorate, and Dr. Patrick Olomo, the acting-- what is your title again, my dear 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Director, you'll introduce yourself.","start":1058.83,"end":1061.03,"topics":[],"words":[{"text":"Acting","start":1058.83,"end":1059.31},{"text":"Director,","start":1059.31,"end":1059.79},{"text":"you'll","start":1059.79,"end":1060.07},{"text":"introduce","start":1060.07,"end":1060.47},{"text":"yourself.","start":1060.47,"end":1061.03}]},{"text":"He is the main Africa Virtual Investment Platform counterpart in the Africa Union 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Raga.","start":1080.27,"end":1082.91,"topics":[],"words":[{"text":"Thank","start":1080.27,"end":1080.59},{"text":"you","start":1080.59,"end":1080.67},{"text":"so","start":1080.67,"end":1080.91},{"text":"much,","start":1080.91,"end":1081.39},{"text":"Raga.","start":1082.27,"end":1082.91}]},{"text":"Deputy Secretary General Mary Beth Goodman, Commissioner Villacadi, Excellencies, dear delegates, colleagues and 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a live demonstration of the AVIP website.","start":1170.31,"end":1174.95,"topics":[],"words":[{"text":"Also","start":1170.31,"end":1170.71},{"text":"a","start":1170.71,"end":1170.75},{"text":"live","start":1170.75,"end":1171.51},{"text":"demonstration","start":1171.59,"end":1172.63},{"text":"of","start":1172.87,"end":1173.11},{"text":"the","start":1173.11,"end":1173.23},{"text":"AVIP","start":1173.23,"end":1173.95},{"text":"website.","start":1174.07,"end":1174.95}]},{"text":"And an overview of the next steps for 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the next slide, we also see how AVIP will achieve its objective.","start":1450.55,"end":1456.55,"topics":[],"words":[{"text":"On","start":1450.55,"end":1450.71},{"text":"the","start":1450.71,"end":1450.79},{"text":"next","start":1450.79,"end":1451.03},{"text":"slide,","start":1451.03,"end":1451.51},{"text":"we","start":1451.51,"end":1452.15},{"text":"also","start":1452.55,"end":1452.95},{"text":"see","start":1452.95,"end":1453.43},{"text":"how","start":1453.99,"end":1454.19},{"text":"AVIP","start":1454.19,"end":1454.87},{"text":"will","start":1454.87,"end":1455.11},{"text":"achieve","start":1455.11,"end":1455.59},{"text":"its","start":1455.59,"end":1455.83},{"text":"objective.","start":1455.83,"end":1456.55}]},{"text":"And the most important thing to notice is that AVIP is complementing other existing platforms that are already 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the continental setting, it is important to note that AVIP will support institutions such as the African Development Bank, the Afreximbank, and also international organizations like ITC, UNCTAD, UNIDO, IMF, and World Bank, bringing together the data that those institutions are proposing to support Africa in its development.","start":1480.15,"end":1504.31,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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discussion.","start":1801.23,"end":1806.11,"topics":[],"words":[{"text":"So","start":1801.23,"end":1801.39},{"text":"thank","start":1801.39,"end":1801.59},{"text":"you","start":1801.59,"end":1801.67},{"text":"very","start":1801.67,"end":1801.83},{"text":"much","start":1801.83,"end":1802.03},{"text":"once","start":1802.03,"end":1802.31},{"text":"again","start":1802.31,"end":1802.67},{"text":"and","start":1802.67,"end":1802.91},{"text":"wishing","start":1802.91,"end":1803.31},{"text":"you","start":1803.31,"end":1803.47},{"text":"a","start":1804.27,"end":1804.31},{"text":"very","start":1804.31,"end":1804.67},{"text":"fruitful","start":1804.75,"end":1805.39},{"text":"discussion.","start":1805.39,"end":1806.11}]}]}],"speaker":{"name":"Patrick Olomo","affiliation":"AUC","affiliation_full":"AUC","group":null,"function":"Acting Director"}},{"statement_number":6,"start":1813.63,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=1814","paragraphs":[{"sentences":[{"text":"Thank you very much, Patrick 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Her Excellency Jumoke Oduwole, the Minister of Industry, Trade, and Investment of Nigeria.","start":1856.07,"end":1863.19,"topics":[],"words":[{"text":"First,","start":1856.07,"end":1856.71},{"text":"Her","start":1857.27,"end":1857.47},{"text":"Excellency","start":1857.47,"end":1858.23},{"text":"Jumoke","start":1858.23,"end":1858.71},{"text":"Oduwole,","start":1858.71,"end":1859.51},{"text":"the","start":1860.07,"end":1860.23},{"text":"Minister","start":1860.23,"end":1860.55},{"text":"of","start":1860.55,"end":1860.63},{"text":"Industry,","start":1860.63,"end":1861.03},{"text":"Trade,","start":1861.03,"end":1861.39},{"text":"and","start":1861.39,"end":1861.51},{"text":"Investment","start":1861.51,"end":1862.23},{"text":"of","start":1862.23,"end":1862.47},{"text":"Nigeria.","start":1862.47,"end":1863.19}]},{"text":"We have Her Excellency Ambassador Ms. Prudence Kaoma, the Permanent Secretary for Planning and Administration in the Ministry of Finance and National Planning of 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Leis Garcia, the Secretary of State and Director of the Spanish Agency for International Development Cooperation.","start":1877.11,"end":1884.63,"topics":[],"words":[{"text":"Anton","start":1877.11,"end":1877.67},{"text":"Leis","start":1877.67,"end":1878.31},{"text":"Garcia,","start":1878.71,"end":1879.35},{"text":"the","start":1879.35,"end":1879.47},{"text":"Secretary","start":1879.47,"end":1879.95},{"text":"of","start":1879.95,"end":1880.03},{"text":"State","start":1880.03,"end":1880.31},{"text":"and","start":1880.31,"end":1880.43},{"text":"Director","start":1880.43,"end":1880.91},{"text":"of","start":1880.91,"end":1880.99},{"text":"the","start":1880.99,"end":1881.07},{"text":"Spanish","start":1881.07,"end":1881.43},{"text":"Agency","start":1881.43,"end":1882.07},{"text":"for","start":1882.07,"end":1882.23},{"text":"International","start":1882.23,"end":1883.03},{"text":"Development","start":1883.27,"end":1883.79},{"text":"Cooperation.","start":1883.79,"end":1884.63}]},{"text":"We have His Excellency Carlo Patorzi, Deputy Director General for Development Cooperation in the Ministry of Foreign Affairs and International Cooperation of Italy.","start":1885.83,"end":1896.39,"topics":[],"words":[{"text":"We","start":1885.83,"end":1886.07},{"text":"have","start":1886.07,"end":1886.63},{"text":"His","start":1887.11,"end":1887.43},{"text":"Excellency","start":1887.43,"end":1887.99},{"text":"Carlo","start":1887.99,"end":1888.31},{"text":"Patorzi,","start":1888.31,"end":1888.95},{"text":"Deputy","start":1888.95,"end":1889.43},{"text":"Director","start":1889.43,"end":1889.99},{"text":"General","start":1889.99,"end":1890.55},{"text":"for","start":1890.55,"end":1890.75},{"text":"Development","start":1890.75,"end":1891.23},{"text":"Cooperation","start":1891.23,"end":1891.87},{"text":"in","start":1891.87,"end":1891.95},{"text":"the","start":1891.95,"end":1892.07},{"text":"Ministry","start":1892.07,"end":1892.39},{"text":"of","start":1892.39,"end":1892.47},{"text":"Foreign","start":1892.47,"end":1892.71},{"text":"Affairs","start":1892.71,"end":1893.19},{"text":"and","start":1893.19,"end":1893.43},{"text":"International","start":1893.43,"end":1894.23},{"text":"Cooperation","start":1894.55,"end":1895.51},{"text":"of","start":1895.51,"end":1895.83},{"text":"Italy.","start":1895.83,"end":1896.39}]},{"text":"And we have Her Excellency Soili That's a Finnish name.","start":1897.43,"end":1905.23,"topics":[],"words":[{"text":"And","start":1897.43,"end":1897.87},{"text":"we","start":1897.91,"end":1898.07},{"text":"have","start":1898.07,"end":1898.63},{"text":"Her","start":1900.87,"end":1901.11},{"text":"Excellency","start":1901.11,"end":1902.07},{"text":"Soili","start":1902.39,"end":1903.19},{"text":"That's","start":1904.39,"end":1904.63},{"text":"a","start":1904.63,"end":1904.67},{"text":"Finnish","start":1904.67,"end":1904.95},{"text":"name.","start":1904.95,"end":1905.23}]},{"text":"Soili Makkalainen, Ambassador of Development Finance from Finland.","start":1906.35,"end":1912.11,"topics":[],"words":[{"text":"Soili","start":1906.35,"end":1907.07},{"text":"Makkalainen,","start":1907.07,"end":1908.03},{"text":"Ambassador","start":1909.91,"end":1910.43},{"text":"of","start":1910.43,"end":1910.51},{"text":"Development","start":1910.51,"end":1911.03},{"text":"Finance","start":1911.03,"end":1911.47},{"text":"from","start":1911.47,"end":1911.67},{"text":"Finland.","start":1911.67,"end":1912.11}]},{"text":"And last but not least, His Excellency Lawrence Sadassine, the Head of Unit in the Africa Directorate of International Partnerships from the European Commission.","start":1912.83,"end":1924.35,"topics":[],"words":[{"text":"And","start":1912.83,"end":1913.23},{"text":"last","start":1913.39,"end":1913.67},{"text":"but","start":1913.67,"end":1913.79},{"text":"not","start":1913.79,"end":1913.95},{"text":"least,","start":1913.95,"end":1914.35},{"text":"His","start":1914.75,"end":1914.99},{"text":"Excellency","start":1915.15,"end":1915.99},{"text":"Lawrence","start":1915.99,"end":1916.39},{"text":"Sadassine,","start":1916.39,"end":1916.91},{"text":"the","start":1916.91,"end":1917.03},{"text":"Head","start":1917.03,"end":1917.19},{"text":"of","start":1917.19,"end":1917.31},{"text":"Unit","start":1917.31,"end":1917.79},{"text":"in","start":1918.11,"end":1918.91},{"text":"the","start":1918.91,"end":1918.99},{"text":"Africa","start":1918.99,"end":1919.55},{"text":"Directorate","start":1919.55,"end":1921.47},{"text":"of","start":1921.47,"end":1921.71},{"text":"International","start":1921.71,"end":1922.27},{"text":"Partnerships","start":1922.27,"end":1922.91},{"text":"from","start":1922.91,"end":1923.19},{"text":"the","start":1923.19,"end":1923.27},{"text":"European","start":1923.27,"end":1923.71},{"text":"Commission.","start":1923.71,"end":1924.35}]},{"text":"And we will also hear from Her Excellency Rania Al-Masat, the Minister of Planning, Economic Development and International Cooperation of Egypt, she will be giving her remarks virtually.","start":1924.83,"end":1939.23,"topics":[],"words":[{"text":"And","start":1924.83,"end":1925.15},{"text":"we","start":1925.15,"end":1925.39},{"text":"will","start":1925.39,"end":1925.55},{"text":"also","start":1925.55,"end":1925.95},{"text":"hear","start":1925.95,"end":1926.35},{"text":"from","start":1926.35,"end":1926.75},{"text":"Her","start":1926.75,"end":1926.91},{"text":"Excellency","start":1926.91,"end":1927.63},{"text":"Rania","start":1927.95,"end":1929.11},{"text":"Al-Masat,","start":1929.11,"end":1929.67},{"text":"the","start":1929.67,"end":1929.75},{"text":"Minister","start":1929.75,"end":1930.23},{"text":"of","start":1930.23,"end":1930.35},{"text":"Planning,","start":1930.35,"end":1930.91},{"text":"Economic","start":1932.19,"end":1932.59},{"text":"Development","start":1932.59,"end":1933.03},{"text":"and","start":1933.03,"end":1933.15},{"text":"International","start":1933.15,"end":1933.71},{"text":"Cooperation","start":1933.71,"end":1934.23},{"text":"of","start":1934.59,"end":1934.83},{"text":"Egypt,","start":1934.83,"end":1935.35},{"text":"she","start":1935.35,"end":1935.47},{"text":"will","start":1935.47,"end":1935.71},{"text":"be","start":1935.95,"end":1936.35},{"text":"giving","start":1936.35,"end":1936.67},{"text":"her","start":1936.67,"end":1936.99},{"text":"remarks","start":1937.39,"end":1938.19},{"text":"virtually.","start":1938.43,"end":1939.23}]},{"text":"Without further ado, I would like to begin by giving the floor to Her Excellency, Yemoka Otuvole, the Minister of Industry, Trade and Investment of Nigeria.","start":1939.55,"end":1950.35,"topics":[],"words":[{"text":"Without","start":1939.55,"end":1939.95},{"text":"further","start":1939.95,"end":1940.35},{"text":"ado,","start":1940.35,"end":1940.75},{"text":"I","start":1940.75,"end":1940.91},{"text":"would","start":1940.91,"end":1941.07},{"text":"like","start":1941.07,"end":1941.27},{"text":"to","start":1941.27,"end":1941.55},{"text":"begin","start":1941.79,"end":1942.35},{"text":"by","start":1942.35,"end":1942.75},{"text":"giving","start":1942.91,"end":1943.15},{"text":"the","start":1943.15,"end":1943.23},{"text":"floor","start":1943.23,"end":1943.55},{"text":"to","start":1943.55,"end":1944.11},{"text":"Her","start":1945.07,"end":1945.27},{"text":"Excellency,","start":1945.27,"end":1945.71},{"text":"Yemoka","start":1945.71,"end":1946.23},{"text":"Otuvole,","start":1946.23,"end":1946.83},{"text":"the","start":1946.83,"end":1947.03},{"text":"Minister","start":1947.03,"end":1947.43},{"text":"of","start":1947.43,"end":1947.51},{"text":"Industry,","start":1947.51,"end":1948.03},{"text":"Trade","start":1948.03,"end":1948.51},{"text":"and","start":1948.75,"end":1948.99},{"text":"Investment","start":1948.99,"end":1949.63},{"text":"of","start":1949.63,"end":1949.79},{"text":"Nigeria.","start":1949.79,"end":1950.35}]},{"text":"And I would like to add that if you prefer to speak from the podium, that is also very welcome.","start":1954.11,"end":1960.67,"topics":[],"words":[{"text":"And","start":1954.11,"end":1954.51},{"text":"I","start":1955.31,"end":1955.43},{"text":"would","start":1955.43,"end":1955.55},{"text":"like","start":1955.55,"end":1955.71},{"text":"to","start":1955.71,"end":1955.87},{"text":"add","start":1955.87,"end":1956.07},{"text":"that","start":1956.07,"end":1956.43},{"text":"if","start":1956.51,"end":1956.75},{"text":"you","start":1956.75,"end":1956.83},{"text":"prefer","start":1956.83,"end":1957.23},{"text":"to","start":1957.23,"end":1957.79},{"text":"speak","start":1957.79,"end":1958.07},{"text":"from","start":1958.07,"end":1958.23},{"text":"the","start":1958.23,"end":1958.31},{"text":"podium,","start":1958.31,"end":1958.67},{"text":"that","start":1958.67,"end":1958.91},{"text":"is","start":1958.91,"end":1959.03},{"text":"also","start":1959.03,"end":1959.55},{"text":"very","start":1960.03,"end":1960.27},{"text":"welcome.","start":1960.27,"end":1960.67}]},{"text":"I leave it up to you, the panelists.","start":1960.91,"end":1962.75,"topics":[],"words":[{"text":"I","start":1960.91,"end":1961.07},{"text":"leave","start":1961.07,"end":1961.23},{"text":"it","start":1961.23,"end":1961.35},{"text":"up","start":1961.35,"end":1961.47},{"text":"to","start":1961.47,"end":1961.59},{"text":"you,","start":1961.59,"end":1961.79},{"text":"the","start":1962.11,"end":1962.23},{"text":"panelists.","start":1962.23,"end":1962.75}]}]}],"speaker":{"name":"Raga","affiliation":"OECD","affiliation_full":"OECD","group":null,"function":"Moderator"}},{"statement_number":7,"start":1971.47,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=1972","paragraphs":[{"sentences":[{"text":"Good morning, everyone.","start":1971.47,"end":1972.55,"topics":[],"words":[{"text":"Good","start":1971.47,"end":1971.59},{"text":"morning,","start":1971.59,"end":1971.95},{"text":"everyone.","start":1971.95,"end":1972.55}]},{"text":"I've opted to stand up so I don't fall asleep.","start":1972.55,"end":1975.19,"topics":[],"words":[{"text":"I've","start":1972.55,"end":1972.75},{"text":"opted","start":1972.75,"end":1973.07},{"text":"to","start":1973.07,"end":1973.23},{"text":"stand","start":1973.23,"end":1973.67},{"text":"up","start":1973.67,"end":1973.83},{"text":"so","start":1973.91,"end":1974.11},{"text":"I","start":1974.11,"end":1974.15},{"text":"don't","start":1974.15,"end":1974.43},{"text":"fall","start":1974.43,"end":1974.71},{"text":"asleep.","start":1974.71,"end":1975.19}]},{"text":"It's been a very short night.","start":1976.15,"end":1979.11,"topics":[],"words":[{"text":"It's","start":1976.15,"end":1976.47},{"text":"been","start":1976.47,"end":1976.63},{"text":"a","start":1976.63,"end":1976.71},{"text":"very","start":1976.71,"end":1977.35},{"text":"short","start":1978.31,"end":1978.71},{"text":"night.","start":1978.71,"end":1979.11}]},{"text":"So I'd like to rest on the well-protocol.","start":1980.39,"end":1983.75,"topics":[],"words":[{"text":"So","start":1980.39,"end":1980.79},{"text":"I'd","start":1980.79,"end":1981.03},{"text":"like","start":1981.03,"end":1981.15},{"text":"to","start":1981.15,"end":1981.31},{"text":"rest","start":1981.31,"end":1981.75},{"text":"on","start":1981.75,"end":1981.87},{"text":"the","start":1981.87,"end":1981.99},{"text":"well-protocol.","start":1981.99,"end":1983.75}]},{"text":"So your excellencies, distinguished colleagues across government, Friends of Africa and partners in development, civil society, the private sector, ladies and gentlemen, good morning.","start":1983.75,"end":1994.79,"topics":[],"words":[{"text":"So","start":1983.75,"end":1983.91},{"text":"your","start":1983.91,"end":1984.07},{"text":"excellencies,","start":1984.07,"end":1984.83},{"text":"distinguished","start":1984.83,"end":1985.43},{"text":"colleagues","start":1985.43,"end":1985.87},{"text":"across","start":1985.87,"end":1986.23},{"text":"government,","start":1986.23,"end":1986.95},{"text":"Friends","start":1987.35,"end":1987.71},{"text":"of","start":1987.71,"end":1987.83},{"text":"Africa","start":1987.83,"end":1988.35},{"text":"and","start":1988.35,"end":1988.87},{"text":"partners","start":1988.87,"end":1989.39},{"text":"in","start":1989.39,"end":1989.51},{"text":"development,","start":1989.51,"end":1990.47},{"text":"civil","start":1990.47,"end":1990.87},{"text":"society,","start":1990.87,"end":1991.51},{"text":"the","start":1991.51,"end":1991.59},{"text":"private","start":1991.59,"end":1991.99},{"text":"sector,","start":1991.99,"end":1992.63},{"text":"ladies","start":1993.19,"end":1993.51},{"text":"and","start":1993.51,"end":1993.63},{"text":"gentlemen,","start":1993.63,"end":1994.07},{"text":"good","start":1994.07,"end":1994.31},{"text":"morning.","start":1994.31,"end":1994.79}]},{"text":"Let me begin by thanking the OECD and the African Union Commission for spearheading this timely effort to improve quality FDI across Africa.","start":1995.43,"end":2006.39,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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clear.","start":2433.71,"end":2441.47,"topics":[],"words":[{"text":"And","start":2433.71,"end":2434.31},{"text":"the","start":2434.75,"end":2434.99},{"text":"expression","start":2437.39,"end":2437.99},{"text":"of","start":2437.99,"end":2438.11},{"text":"support","start":2438.11,"end":2438.51},{"text":"continues","start":2438.51,"end":2439.07},{"text":"here,","start":2439.07,"end":2439.31},{"text":"strong","start":2439.31,"end":2439.71},{"text":"and","start":2439.71,"end":2440.23},{"text":"loud","start":2440.67,"end":2440.99},{"text":"and","start":2440.99,"end":2441.11},{"text":"clear.","start":2441.11,"end":2441.47}]},{"text":"It's my pleasure now to give the floor to Anton Leis Garcia, the Secretary of State and Director of the Spanish Agency for International Development Cooperation from Spain.","start":2442.27,"end":2451.63,"topics":[],"words":[{"text":"It's","start":2442.27,"end":2442.59},{"text":"my","start":2442.59,"end":2442.67},{"text":"pleasure","start":2442.67,"end":2442.99},{"text":"now","start":2442.99,"end":2443.23},{"text":"to","start":2443.23,"end":2443.71},{"text":"give","start":2443.71,"end":2443.87},{"text":"the","start":2443.87,"end":2443.99},{"text":"floor","start":2443.99,"end":2444.27},{"text":"to","start":2444.27,"end":2444.39},{"text":"Anton","start":2444.43,"end":2444.75},{"text":"Leis","start":2444.75,"end":2444.99},{"text":"Garcia,","start":2444.99,"end":2445.55},{"text":"the","start":2446.27,"end":2446.43},{"text":"Secretary","start":2446.43,"end":2446.91},{"text":"of","start":2446.91,"end":2446.99},{"text":"State","start":2446.99,"end":2447.35},{"text":"and","start":2447.35,"end":2447.47},{"text":"Director","start":2447.47,"end":2447.83},{"text":"of","start":2447.83,"end":2447.91},{"text":"the","start":2447.91,"end":2447.99},{"text":"Spanish","start":2447.99,"end":2448.27},{"text":"Agency","start":2448.27,"end":2448.75},{"text":"for","start":2448.75,"end":2448.91},{"text":"International","start":2448.91,"end":2449.51},{"text":"Development","start":2449.51,"end":2449.99},{"text":"Cooperation","start":2449.99,"end":2450.75},{"text":"from","start":2450.91,"end":2451.15},{"text":"Spain.","start":2451.15,"end":2451.63}]},{"text":"And again, many thanks, Anton, as you are here representing not least the host of the conference.","start":2451.87,"end":2458.51,"topics":[],"words":[{"text":"And","start":2451.87,"end":2452.07},{"text":"again,","start":2452.07,"end":2452.59},{"text":"many","start":2452.83,"end":2453.07},{"text":"thanks,","start":2453.07,"end":2453.31},{"text":"Anton,","start":2453.31,"end":2453.95},{"text":"as","start":2454.43,"end":2454.63},{"text":"you","start":2454.63,"end":2454.75},{"text":"are","start":2454.75,"end":2454.91},{"text":"here","start":2454.91,"end":2455.11},{"text":"representing","start":2455.11,"end":2455.79},{"text":"not","start":2456.27,"end":2456.51},{"text":"least","start":2456.51,"end":2456.75},{"text":"the","start":2456.75,"end":2456.87},{"text":"host","start":2456.87,"end":2457.23},{"text":"of","start":2457.47,"end":2457.63},{"text":"the","start":2457.63,"end":2457.87},{"text":"conference.","start":2457.87,"end":2458.51}]},{"text":"The floor is 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Raga.","start":2466.02,"end":2467.62,"topics":[],"words":[{"text":"Thank","start":2466.02,"end":2466.3},{"text":"you","start":2466.3,"end":2466.38},{"text":"very","start":2466.38,"end":2466.54},{"text":"much,","start":2466.54,"end":2466.74},{"text":"dear","start":2466.74,"end":2467.18},{"text":"Raga.","start":2467.18,"end":2467.62}]},{"text":"Excellencies, Honourable Minister, colleagues, distinguished guests, very good morning, buenos dias to everyone.","start":2467.62,"end":2474.82,"topics":[],"words":[{"text":"Excellencies,","start":2467.62,"end":2468.42},{"text":"Honourable","start":2468.42,"end":2468.9},{"text":"Minister,","start":2468.9,"end":2469.7},{"text":"colleagues,","start":2470.1,"end":2470.7},{"text":"distinguished","start":2470.7,"end":2471.22},{"text":"guests,","start":2471.22,"end":2472.02},{"text":"very","start":2472.18,"end":2472.5},{"text":"good","start":2472.5,"end":2472.66},{"text":"morning,","start":2472.66,"end":2473.02},{"text":"buenos","start":2473.02,"end":2473.34},{"text":"dias","start":2473.34,"end":2473.86},{"text":"to","start":2473.98,"end":2474.18},{"text":"everyone.","start":2474.18,"end":2474.82}]},{"text":"It's already three days of intense work.","start":2474.82,"end":2477.22,"topics":[],"words":[{"text":"It's","start":2474.82,"end":2475.18},{"text":"already","start":2475.18,"end":2475.62},{"text":"three","start":2475.62,"end":2475.86},{"text":"days","start":2475.86,"end":2476.18},{"text":"of","start":2476.18,"end":2476.34},{"text":"intense","start":2476.34,"end":2476.82},{"text":"work.","start":2476.82,"end":2477.22}]},{"text":"It's good to be surrounded by friends and allies in promoting sustainable development, in particular in the African continent.","start":2477.58,"end":2484.1,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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Sevilla today for the of this Africa Virtual Investment Platform and the official launch of this website.","start":2484.42,"end":2494.67,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"We","start":2495.07,"end":2495.23},{"text":"think","start":2495.23,"end":2495.47},{"text":"this","start":2495.47,"end":2495.71},{"text":"can","start":2495.71,"end":2495.87},{"text":"be","start":2495.87,"end":2496.03},{"text":"a","start":2496.03,"end":2496.07},{"text":"game","start":2496.07,"end":2496.35},{"text":"changer.","start":2496.35,"end":2497.31}]},{"text":"Every year we need about 12 million jobs to be created in Africa to absorb the African youths that enter the labor market every year.","start":2497.39,"end":2506.59,"topics":[{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. 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12%.","start":2571.59,"end":2573.71,"topics":[],"words":[{"text":"Last","start":2571.59,"end":2571.91},{"text":"year,","start":2571.91,"end":2572.07},{"text":"we","start":2572.07,"end":2572.19},{"text":"increased","start":2572.19,"end":2572.63},{"text":"our","start":2572.63,"end":2572.71},{"text":"ODA","start":2572.71,"end":2573.11},{"text":"by","start":2573.51,"end":2573.67},{"text":"12%.","start":2573.67,"end":2573.71}]},{"text":"And over the last four years, we have doubled our ODA to our African 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enough.","start":2581.19,"end":2583.35,"topics":[],"words":[{"text":"But","start":2581.19,"end":2581.43},{"text":"this","start":2581.43,"end":2581.59},{"text":"is","start":2581.59,"end":2581.75},{"text":"not","start":2581.75,"end":2581.95},{"text":"enough,","start":2581.95,"end":2582.11},{"text":"and","start":2582.11,"end":2582.23},{"text":"it's","start":2582.23,"end":2582.47},{"text":"certainly","start":2582.47,"end":2582.87},{"text":"not","start":2582.87,"end":2582.99},{"text":"enough.","start":2582.99,"end":2583.35}]},{"text":"And we are, in this Sevilla, in the Sevilla Conference, we have seen a radical transformation in the 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aid.","start":2590.39,"end":2592.23,"topics":[],"words":[{"text":"None","start":2590.39,"end":2590.71},{"text":"of","start":2590.71,"end":2590.79},{"text":"our","start":2590.79,"end":2590.95},{"text":"partners","start":2590.95,"end":2591.35},{"text":"are","start":2591.35,"end":2591.43},{"text":"asking","start":2591.43,"end":2591.75},{"text":"for","start":2591.75,"end":2591.91},{"text":"aid.","start":2591.91,"end":2592.23}]},{"text":"What they are asking is for true partnership, mutually beneficial relationships where everybody acknowledges interests and values, and we work together towards common 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you very much, Raka.","start":2723.71,"end":2724.83,"topics":[],"words":[{"text":"Thank","start":2723.71,"end":2723.95},{"text":"you","start":2723.95,"end":2724.03},{"text":"very","start":2724.03,"end":2724.19},{"text":"much,","start":2724.19,"end":2724.43},{"text":"Raka.","start":2724.43,"end":2724.83}]}]}],"speaker":{"name":"Anton Leis Garcia","affiliation":"ESP","affiliation_full":"Spain","group":null,"function":"Secretary of State and Director"}},{"statement_number":10,"start":2731.71,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=2732","paragraphs":[{"sentences":[{"text":"Thank you very much, Anton.","start":2731.71,"end":2733.63,"topics":[],"words":[{"text":"Thank","start":2731.71,"end":2731.95},{"text":"you","start":2731.95,"end":2732.03},{"text":"very","start":2732.03,"end":2732.27},{"text":"much,","start":2732.27,"end":2732.67},{"text":"Anton.","start":2732.99,"end":2733.63}]},{"text":"And I will have to acknowledge another Spaniard who is, one can say, if the AVIP was a child, 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that is the former chair of the OECD Development Centre, Manuel Escudero, former ambassador of Spain to the 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taking credit from anyone else, I can say we wouldn't be here if it hadn't been for his drive and, let's say, insistence, or you can call it fierce stubbornness.","start":2759.27,"end":2772.79,"topics":[],"words":[{"text":"Without","start":2759.27,"end":2759.71},{"text":"taking","start":2759.71,"end":2759.99},{"text":"credit","start":2759.99,"end":2760.39},{"text":"from","start":2760.39,"end":2760.79},{"text":"anyone","start":2760.79,"end":2761.27},{"text":"else,","start":2761.27,"end":2761.67},{"text":"I","start":2761.67,"end":2761.75},{"text":"can","start":2761.75,"end":2762.47},{"text":"say","start":2762.47,"end":2762.71},{"text":"we","start":2762.71,"end":2762.87},{"text":"wouldn't","start":2762.87,"end":2763.31},{"text":"be","start":2763.31,"end":2763.43},{"text":"here","start":2763.43,"end":2763.83},{"text":"if","start":2765.35,"end":2765.67},{"text":"it","start":2765.67,"end":2765.79},{"text":"hadn't","start":2765.79,"end":2766.11},{"text":"been","start":2766.11,"end":2766.31},{"text":"for","start":2766.31,"end":2766.47},{"text":"his","start":2766.47,"end":2766.79},{"text":"drive","start":2766.79,"end":2767.23},{"text":"and,","start":2767.23,"end":2767.79},{"text":"let's","start":2768.31,"end":2768.67},{"text":"say,","start":2768.67,"end":2769.03},{"text":"insistence,","start":2769.27,"end":2770.15},{"text":"or","start":2770.15,"end":2770.31},{"text":"you","start":2770.31,"end":2770.43},{"text":"can","start":2770.43,"end":2770.63},{"text":"call","start":2770.63,"end":2770.83},{"text":"it","start":2770.83,"end":2770.95},{"text":"fierce","start":2771.59,"end":2772.03},{"text":"stubbornness.","start":2772.03,"end":2772.79}]},{"text":"So thank you, Manu, if you are watching.","start":2773.67,"end":2775.79,"topics":[],"words":[{"text":"So","start":2773.67,"end":2773.91},{"text":"thank","start":2773.91,"end":2774.27},{"text":"you,","start":2774.27,"end":2774.39},{"text":"Manu,","start":2774.39,"end":2774.87},{"text":"if","start":2774.87,"end":2775.03},{"text":"you","start":2775.03,"end":2775.15},{"text":"are","start":2775.15,"end":2775.27},{"text":"watching.","start":2775.27,"end":2775.79}]},{"text":"And by the way, I would like to tell you also that this event is being broadcasted on the UN Web 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in addition to all of you here in the room, we are being widely broadcasted.","start":2782.63,"end":2788.55,"topics":[],"words":[{"text":"So","start":2782.63,"end":2783.11},{"text":"in","start":2783.51,"end":2783.83},{"text":"addition","start":2784.55,"end":2785.03},{"text":"to","start":2785.03,"end":2785.15},{"text":"all","start":2785.15,"end":2785.27},{"text":"of","start":2785.27,"end":2785.35},{"text":"you","start":2785.35,"end":2785.51},{"text":"here","start":2785.51,"end":2785.71},{"text":"in","start":2785.71,"end":2785.79},{"text":"the","start":2785.79,"end":2785.91},{"text":"room,","start":2785.91,"end":2786.23},{"text":"we","start":2786.47,"end":2786.79},{"text":"are","start":2786.79,"end":2787.35},{"text":"being","start":2787.35,"end":2787.59},{"text":"widely","start":2787.59,"end":2787.91},{"text":"broadcasted.","start":2787.91,"end":2788.55}]},{"text":"But now it's my great pleasure to welcome Her Excellency Ms. Prudence Kauma, the Permanent Secretary for Planning and Administration from the Ministry of Finance and National Planning in 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the floor is yours.","start":2811.87,"end":2813.31,"topics":[],"words":[{"text":"Prudence,","start":2811.87,"end":2812.43},{"text":"the","start":2812.43,"end":2812.59},{"text":"floor","start":2812.59,"end":2812.91},{"text":"is","start":2812.91,"end":2812.99},{"text":"yours.","start":2812.99,"end":2813.31}]}]}],"speaker":{"name":"Raga","affiliation":"OECD","affiliation_full":"OECD","group":null,"function":"Moderator"}},{"statement_number":11,"start":2824.83,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=2825","paragraphs":[{"sentences":[{"text":"The OECD, another Secretary General, the EU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, may I simply say, I'll write on the protocols that have already been 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distinguished excellencies, my fellow panelists, and ladies and gentlemen present here from the various delegations, Good morning.","start":2842.51,"end":2854.51,"topics":[],"words":[{"text":"Therefore,","start":2842.51,"end":2843.07},{"text":"distinguished","start":2843.07,"end":2843.95},{"text":"excellencies,","start":2844.51,"end":2845.63},{"text":"my","start":2846.51,"end":2846.75},{"text":"fellow","start":2846.75,"end":2846.99},{"text":"panelists,","start":2846.99,"end":2847.87},{"text":"and","start":2848.51,"end":2848.83},{"text":"ladies","start":2848.83,"end":2849.23},{"text":"and","start":2849.23,"end":2849.43},{"text":"gentlemen","start":2849.43,"end":2849.95},{"text":"present","start":2849.95,"end":2850.43},{"text":"here","start":2850.43,"end":2850.91},{"text":"from","start":2850.91,"end":2851.15},{"text":"the","start":2851.15,"end":2851.23},{"text":"various","start":2851.23,"end":2851.63},{"text":"delegations,","start":2851.63,"end":2852.51},{"text":"Good","start":2853.79,"end":2854.03},{"text":"morning.","start":2854.03,"end":2854.51}]},{"text":"Let me begin by expressing my appreciation for the opportunity to speak at this crucial subject that looks at sustainable business climate and boosting quality foreign direct investment.","start":2855.63,"end":2869.07,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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topic also highlights the case of Zambia in its development trajectory.","start":2870.19,"end":2876.59,"topics":[],"words":[{"text":"This","start":2870.19,"end":2870.51},{"text":"topic","start":2870.51,"end":2871.15},{"text":"also","start":2872.03,"end":2872.43},{"text":"highlights","start":2872.43,"end":2873.31},{"text":"the","start":2873.47,"end":2873.63},{"text":"case","start":2873.63,"end":2873.95},{"text":"of","start":2873.95,"end":2874.11},{"text":"Zambia","start":2874.11,"end":2874.67},{"text":"in","start":2874.83,"end":2875.03},{"text":"its","start":2875.03,"end":2875.23},{"text":"development","start":2875.23,"end":2875.83},{"text":"trajectory.","start":2875.83,"end":2876.59}]},{"text":"I would like to inform this meeting that The current government has undertaken to do various reforms that relates to improving the business environment in order to attract investment.","start":2878.03,"end":2893.31,"topics":[{"key":"policy-reforms","label":"Investment Climate 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Participants emphasized that Africa’s development strategy should align investment with both environmental sustainability and digital transformation."}],"words":[{"text":"And","start":2994.27,"end":2994.67},{"text":"we","start":2995.15,"end":2995.35},{"text":"have","start":2995.35,"end":2995.63},{"text":"realized","start":2995.63,"end":2996.11},{"text":"that","start":2996.11,"end":2996.35},{"text":"as","start":2996.35,"end":2996.51},{"text":"a","start":2996.51,"end":2996.55},{"text":"country,","start":2996.55,"end":2997.23},{"text":"We","start":2997.75,"end":2997.91},{"text":"need","start":2997.91,"end":2998.31},{"text":"robust","start":2998.31,"end":2998.95},{"text":"and","start":2998.95,"end":2999.19},{"text":"inclusive","start":2999.19,"end":2999.91},{"text":"domestic","start":3000.47,"end":3001.07},{"text":"capital","start":3001.07,"end":3001.43},{"text":"markets","start":3001.43,"end":3002.07},{"text":"that","start":3002.07,"end":3002.31},{"text":"can","start":3002.31,"end":3002.55},{"text":"mobilize","start":3002.55,"end":3003.19},{"text":"long-term","start":3003.19,"end":3003.67},{"text":"savings","start":3003.67,"end":3004.23},{"text":"and","start":3004.23,"end":3004.39},{"text":"channel","start":3004.39,"end":3004.87},{"text":"these","start":3004.87,"end":3005.27},{"text":"into","start":3005.27,"end":3005.59},{"text":"productive","start":3005.59,"end":3006.15},{"text":"sectors,","start":3006.15,"end":3006.87},{"text":"such","start":3007.35,"end":3007.75},{"text":"as","start":3007.75,"end":3007.99},{"text":"energy,","start":3007.99,"end":3008.55},{"text":"agriculture,","start":3008.55,"end":3009.35},{"text":"infrastructure,","start":3009.35,"end":3010.23},{"text":"and","start":3010.23,"end":3010.43},{"text":"digital","start":3010.43,"end":3010.83},{"text":"innovation.","start":3010.83,"end":3011.43}]},{"text":"These are some of the priority areas for development that the country has identified within our long-term national vision, as well as our medium-term national development plans.","start":3011.43,"end":3022.95,"topics":[],"words":[{"text":"These","start":3011.43,"end":3011.59},{"text":"are","start":3011.59,"end":3011.67},{"text":"some","start":3011.67,"end":3011.87},{"text":"of","start":3011.87,"end":3011.99},{"text":"the","start":3011.99,"end":3012.11},{"text":"priority","start":3013.91,"end":3014.47},{"text":"areas","start":3014.47,"end":3014.95},{"text":"for","start":3014.95,"end":3015.15},{"text":"development","start":3015.15,"end":3015.79},{"text":"that","start":3015.79,"end":3015.91},{"text":"the","start":3015.91,"end":3015.99},{"text":"country","start":3015.99,"end":3016.31},{"text":"has","start":3016.31,"end":3016.55},{"text":"identified","start":3016.55,"end":3017.43},{"text":"within","start":3017.91,"end":3018.31},{"text":"our","start":3018.31,"end":3018.43},{"text":"long-term","start":3018.47,"end":3019.03},{"text":"national","start":3019.03,"end":3019.43},{"text":"vision,","start":3019.43,"end":3019.91},{"text":"as","start":3019.91,"end":3020.31},{"text":"well","start":3020.31,"end":3020.47},{"text":"as","start":3020.47,"end":3020.63},{"text":"our","start":3020.63,"end":3020.79},{"text":"medium-term","start":3020.79,"end":3021.51},{"text":"national","start":3021.51,"end":3021.95},{"text":"development","start":3021.95,"end":3022.47},{"text":"plans.","start":3022.47,"end":3022.95}]},{"text":"I would like to share with you that Zambia is reforming its financial architecture to strengthen domestic bond markets, to expand digital financial inclusion, as well as to broaden access to finance for SMEs, especially those led by women and young people.","start":3023.67,"end":3040.43,"topics":[{"key":"domestic-resource-mobilization","label":"Domestic Resource Mobilization","description":"The discussion also covered the importance of strengthening tax collection, domestic capital markets, and public finance systems so countries can fund public goods and development priorities from their own resources. 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this is really at the core, the objectives of the African Virtual Investment Platform are at the core of, uh, uh, the objectives and strategic endeavors of the, uh, Mattei plan of engagement with the African, uh, government that is, uh, that has been launched last year by Prime Minister of Italy, uh, Giorgia Meloni.","start":3516.23,"end":3540.95,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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this is strategically aligned also with the endeavors of the EU global gateway, but I guess, This will be said also by our EC 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me just touch upon a couple of points, since we're here also to discuss about policies.","start":3553.87,"end":3561.23,"topics":[],"words":[{"text":"Let","start":3553.87,"end":3553.99},{"text":"me","start":3553.99,"end":3554.19},{"text":"just","start":3554.19,"end":3554.55},{"text":"touch","start":3554.55,"end":3554.75},{"text":"upon","start":3554.75,"end":3555.07},{"text":"a","start":3555.07,"end":3555.15},{"text":"couple","start":3555.15,"end":3555.51},{"text":"of","start":3555.51,"end":3555.63},{"text":"points,","start":3555.63,"end":3556.27},{"text":"since","start":3557.39,"end":3557.87},{"text":"we're","start":3558.11,"end":3558.35},{"text":"here","start":3558.35,"end":3558.67},{"text":"also","start":3558.83,"end":3559.31},{"text":"to","start":3559.31,"end":3559.63},{"text":"discuss","start":3559.87,"end":3560.39},{"text":"about","start":3560.39,"end":3560.67},{"text":"policies.","start":3560.67,"end":3561.23}]},{"text":"I really take up what you said, Raga, about the potential revolution of this instrument.","start":3561.63,"end":3568.03,"topics":[],"words":[{"text":"I","start":3561.63,"end":3562.19},{"text":"really","start":3562.19,"end":3562.47},{"text":"take","start":3562.47,"end":3562.75},{"text":"up","start":3562.75,"end":3562.83},{"text":"what","start":3562.83,"end":3563.07},{"text":"you","start":3563.07,"end":3563.15},{"text":"said,","start":3563.15,"end":3563.43},{"text":"Raga,","start":3563.43,"end":3563.79},{"text":"about","start":3564.11,"end":3564.55},{"text":"the","start":3564.55,"end":3564.67},{"text":"potential","start":3564.67,"end":3565.19},{"text":"revolution","start":3565.19,"end":3565.87},{"text":"of","start":3565.99,"end":3566.19},{"text":"this","start":3566.19,"end":3566.51},{"text":"instrument.","start":3567.07,"end":3568.03}]},{"text":"But in order to make it a real revolution, I think we need to take care of two basic 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it is true that There is a perceived risk on Africa when it comes to investment, but we really need to be honest with our African friends and with ourselves.","start":3576.11,"end":3590.11,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"We","start":3607.99,"end":3608.31},{"text":"really","start":3608.31,"end":3608.55},{"text":"need","start":3608.55,"end":3608.75},{"text":"to","start":3608.75,"end":3608.91},{"text":"make","start":3608.91,"end":3609.11},{"text":"sure,","start":3609.11,"end":3609.35},{"text":"and","start":3609.35,"end":3609.47},{"text":"this","start":3609.47,"end":3609.67},{"text":"has","start":3609.67,"end":3609.79},{"text":"been","start":3609.79,"end":3610.07},{"text":"alluded","start":3610.07,"end":3610.55},{"text":"to","start":3610.55,"end":3610.95},{"text":"by","start":3611.03,"end":3611.35},{"text":"our","start":3611.35,"end":3611.59},{"text":"Spanish","start":3611.59,"end":3612.07},{"text":"colleague,","start":3612.07,"end":3612.39},{"text":"we","start":3612.63,"end":3612.87},{"text":"really","start":3612.87,"end":3613.11},{"text":"need","start":3613.11,"end":3613.31},{"text":"to","start":3613.31,"end":3613.39},{"text":"make","start":3613.39,"end":3613.67},{"text":"it","start":3613.67,"end":3613.99},{"text":"a","start":3613.99,"end":3614.03},{"text":"transparent","start":3614.03,"end":3614.91},{"text":"tool.","start":3614.91,"end":3615.27}]},{"text":"It has to be transparent.","start":3615.83,"end":3617.51,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"It","start":3615.83,"end":3616.07},{"text":"has","start":3616.07,"end":3616.31},{"text":"to","start":3616.31,"end":3616.43},{"text":"be","start":3616.43,"end":3616.59},{"text":"transparent.","start":3616.59,"end":3617.51}]},{"text":"It has to be something that make possible a real comparison when it comes to regulatory environments, when it comes to innovation.","start":3617.83,"end":3630.15,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"So","start":3642.43,"end":3642.99},{"text":"if","start":3643.79,"end":3644.03},{"text":"the","start":3644.03,"end":3644.15},{"text":"platform","start":3644.15,"end":3644.75},{"text":"is","start":3644.75,"end":3644.91},{"text":"able","start":3644.91,"end":3645.39},{"text":"to","start":3645.39,"end":3645.47},{"text":"deliver","start":3645.47,"end":3646.03},{"text":"this,","start":3646.03,"end":3646.43},{"text":"it","start":3646.83,"end":3647.07},{"text":"will","start":3647.07,"end":3647.23},{"text":"be","start":3647.23,"end":3647.43},{"text":"a","start":3647.43,"end":3647.47},{"text":"real","start":3647.47,"end":3647.87},{"text":"revolution.","start":3647.87,"end":3648.47}]},{"text":"Otherwise, it will be yet another website.","start":3648.59,"end":3651.23,"topics":[],"words":[{"text":"Otherwise,","start":3648.59,"end":3649.11},{"text":"it","start":3649.11,"end":3649.23},{"text":"will","start":3649.23,"end":3649.39},{"text":"be","start":3649.39,"end":3649.59},{"text":"yet","start":3649.59,"end":3649.87},{"text":"another","start":3649.95,"end":3650.43},{"text":"website.","start":3650.43,"end":3651.23}]},{"text":"So comparison and transparency is really key.","start":3651.47,"end":3656.59,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"So","start":3651.47,"end":3651.79},{"text":"comparison","start":3651.79,"end":3652.91},{"text":"and","start":3653.15,"end":3653.35},{"text":"transparency","start":3653.35,"end":3654.35},{"text":"is","start":3654.67,"end":3654.99},{"text":"really","start":3654.99,"end":3655.55},{"text":"key.","start":3656.19,"end":3656.59}]},{"text":"And then The second element I hope that the platform will be able to carry, to portray, is the real innovative ecosystems of some African countries.","start":3657.39,"end":3671.91,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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De-risking mechanisms were highlighted as especially important."}],"words":[{"text":"We","start":3858.51,"end":3858.75},{"text":"firmly","start":3858.75,"end":3859.19},{"text":"believe","start":3859.19,"end":3859.63},{"text":"that","start":3860.03,"end":3860.27},{"text":"the","start":3860.27,"end":3860.47},{"text":"OECD","start":3860.47,"end":3861.23},{"text":"tools","start":3861.23,"end":3861.71},{"text":"can","start":3861.71,"end":3862.19},{"text":"enable","start":3862.19,"end":3862.67},{"text":"the","start":3862.67,"end":3862.83},{"text":"mobilization","start":3862.83,"end":3863.79},{"text":"of","start":3864.03,"end":3864.19},{"text":"private","start":3864.19,"end":3864.67},{"text":"sector","start":3864.67,"end":3865.07},{"text":"investments","start":3865.07,"end":3865.87},{"text":"to","start":3866.11,"end":3866.19},{"text":"achieve","start":3866.19,"end":3866.67},{"text":"sustainable","start":3866.67,"end":3867.39},{"text":"development","start":3867.39,"end":3867.95},{"text":"globally","start":3868.19,"end":3868.83},{"text":"and","start":3869.23,"end":3869.51},{"text":"in","start":3869.51,"end":3869.71},{"text":"Africa","start":3869.71,"end":3870.11},{"text":"particularly.","start":3870.11,"end":3870.83}]},{"text":"With the help of Finnish development assistance, the OECD has conducted several investment policy reviews in sub-Saharan African countries, first of which was in Zambia some 15 years ago.","start":3872.03,"end":3886.99,"topics":[{"key":"policy-reforms","label":"Investment Climate Reforms","description":"Several interventions focused on regulatory, fiscal, and institutional reforms needed to improve the business environment and make African economies more attractive to investors. These included investment policy reviews, streamlined procedures, and stronger governance frameworks."}],"words":[{"text":"With","start":3872.03,"end":3872.31},{"text":"the","start":3872.31,"end":3872.39},{"text":"help","start":3872.43,"end":3872.71},{"text":"of","start":3872.71,"end":3872.79},{"text":"Finnish","start":3872.79,"end":3873.23},{"text":"development","start":3873.47,"end":3874.03},{"text":"assistance,","start":3874.03,"end":3874.75},{"text":"the","start":3874.99,"end":3875.19},{"text":"OECD","start":3875.19,"end":3876.11},{"text":"has","start":3876.43,"end":3876.67},{"text":"conducted","start":3876.67,"end":3877.31},{"text":"several","start":3877.31,"end":3877.79},{"text":"investment","start":3877.79,"end":3878.43},{"text":"policy","start":3878.43,"end":3878.87},{"text":"reviews","start":3878.87,"end":3879.47},{"text":"in","start":3879.63,"end":3879.87},{"text":"sub-Saharan","start":3879.87,"end":3880.59},{"text":"African","start":3880.59,"end":3881.07},{"text":"countries,","start":3881.07,"end":3881.71},{"text":"first","start":3882.43,"end":3882.99},{"text":"of","start":3883.71,"end":3883.87},{"text":"which","start":3883.91,"end":3884.27},{"text":"was","start":3884.27,"end":3884.59},{"text":"in","start":3884.59,"end":3884.83},{"text":"Zambia","start":3884.83,"end":3885.47},{"text":"some","start":3885.55,"end":3885.87},{"text":"15","start":3885.87,"end":3886.31},{"text":"years","start":3886.31,"end":3886.59},{"text":"ago.","start":3886.59,"end":3886.99}]},{"text":"We are very pleased that Zambia found its review so useful that an updated one is now underway.","start":3887.87,"end":3895.63,"topics":[],"words":[{"text":"We","start":3887.87,"end":3888.03},{"text":"are","start":3888.03,"end":3888.11},{"text":"very","start":3888.11,"end":3888.43},{"text":"pleased","start":3888.43,"end":3888.83},{"text":"that","start":3888.83,"end":3888.99},{"text":"Zambia","start":3888.99,"end":3889.55},{"text":"found","start":3890.51,"end":3891.07},{"text":"its","start":3891.07,"end":3891.31},{"text":"review","start":3891.31,"end":3891.71},{"text":"so","start":3891.71,"end":3892.03},{"text":"useful","start":3892.03,"end":3892.59},{"text":"that","start":3892.91,"end":3893.11},{"text":"an","start":3893.11,"end":3893.23},{"text":"updated","start":3893.23,"end":3893.87},{"text":"one","start":3893.87,"end":3894.11},{"text":"is","start":3894.11,"end":3894.35},{"text":"now","start":3894.35,"end":3894.67},{"text":"underway.","start":3894.67,"end":3895.63}]},{"text":"Inspired by positive results, other countries in the region followed Zambia and conducted investment policy reviews.","start":3897.07,"end":3908.91,"topics":[{"key":"policy-reforms","label":"Investment Climate Reforms","description":"Several interventions focused on regulatory, fiscal, and institutional reforms needed to improve the business environment and make African economies more attractive to investors. These included investment policy reviews, streamlined procedures, and stronger governance frameworks."}],"words":[{"text":"Inspired","start":3897.07,"end":3897.87},{"text":"by","start":3897.87,"end":3898.27},{"text":"positive","start":3898.27,"end":3898.91},{"text":"results,","start":3898.91,"end":3899.55},{"text":"other","start":3900.83,"end":3901.07},{"text":"countries","start":3901.07,"end":3901.71},{"text":"in","start":3902.03,"end":3902.27},{"text":"the","start":3902.27,"end":3902.35},{"text":"region","start":3902.35,"end":3902.99},{"text":"followed","start":3903.63,"end":3904.19},{"text":"Zambia","start":3904.35,"end":3904.91},{"text":"and","start":3905.47,"end":3905.67},{"text":"conducted","start":3905.67,"end":3906.51},{"text":"investment","start":3907.31,"end":3907.99},{"text":"policy","start":3907.99,"end":3908.35},{"text":"reviews.","start":3908.35,"end":3908.91}]},{"text":"Regional organizations like SADC and Economic Community of Western African States, have also taken advantage of the OECD policy advice with good results.","start":3910.51,"end":3926.55,"topics":[{"key":"policy-reforms","label":"Investment Climate Reforms","description":"Several interventions focused on regulatory, fiscal, and institutional reforms needed to improve the business environment and make African economies more attractive to investors. These included investment policy reviews, streamlined procedures, and stronger governance frameworks."}],"words":[{"text":"Regional","start":3910.51,"end":3911.07},{"text":"organizations","start":3911.07,"end":3912.11},{"text":"like","start":3914.35,"end":3914.63},{"text":"SADC","start":3914.63,"end":3915.31},{"text":"and","start":3915.91,"end":3916.19},{"text":"Economic","start":3917.83,"end":3918.35},{"text":"Community","start":3918.35,"end":3918.95},{"text":"of","start":3918.95,"end":3919.19},{"text":"Western","start":3919.19,"end":3919.59},{"text":"African","start":3919.59,"end":3920.07},{"text":"States,","start":3920.07,"end":3920.55},{"text":"have","start":3920.87,"end":3921.11},{"text":"also","start":3921.11,"end":3921.59},{"text":"taken","start":3921.59,"end":3922.15},{"text":"advantage","start":3922.15,"end":3922.95},{"text":"of","start":3922.95,"end":3923.19},{"text":"the","start":3923.19,"end":3923.31},{"text":"OECD","start":3923.31,"end":3923.91},{"text":"policy","start":3923.91,"end":3924.47},{"text":"advice","start":3924.55,"end":3925.19},{"text":"with","start":3925.51,"end":3925.75},{"text":"good","start":3925.75,"end":3925.99},{"text":"results.","start":3925.99,"end":3926.55}]},{"text":"More recently, Finland has helped shape OECD's work on the FDI qualities indicators that measure the impact of investments on the Sustainable Development Goals and have led to policy tools on how to mobilize quality investment into, for example, digital economy.","start":3927.83,"end":3948.23,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."},{"key":"green-digital-transition","label":"Green and Digital Transition","description":"A recurring topic was directing investment toward green energy, climate action, digital infrastructure, and technology-driven sectors. Participants emphasized that Africa’s development strategy should align investment with both environmental sustainability and digital transformation."}],"words":[{"text":"More","start":3927.83,"end":3928.27},{"text":"recently,","start":3928.27,"end":3928.87},{"text":"Finland","start":3928.87,"end":3929.47},{"text":"has","start":3929.47,"end":3929.67},{"text":"helped","start":3929.67,"end":3930.15},{"text":"shape","start":3930.15,"end":3930.63},{"text":"OECD's","start":3930.71,"end":3931.51},{"text":"work","start":3931.51,"end":3931.99},{"text":"on","start":3932.39,"end":3932.55},{"text":"the","start":3932.55,"end":3932.75},{"text":"FDI","start":3932.75,"end":3933.35},{"text":"qualities","start":3933.51,"end":3934.23},{"text":"indicators","start":3934.23,"end":3935.11},{"text":"that","start":3935.43,"end":3935.67},{"text":"measure","start":3935.67,"end":3936.07},{"text":"the","start":3936.07,"end":3936.19},{"text":"impact","start":3936.19,"end":3936.79},{"text":"of","start":3936.79,"end":3936.91},{"text":"investments","start":3936.91,"end":3937.67},{"text":"on","start":3938.07,"end":3938.23},{"text":"the","start":3938.23,"end":3938.31},{"text":"Sustainable","start":3938.31,"end":3939.03},{"text":"Development","start":3939.03,"end":3939.59},{"text":"Goals","start":3939.59,"end":3940.07},{"text":"and","start":3940.63,"end":3940.91},{"text":"have","start":3940.91,"end":3941.19},{"text":"led","start":3941.19,"end":3941.39},{"text":"to","start":3941.39,"end":3941.51},{"text":"policy","start":3941.51,"end":3941.99},{"text":"tools","start":3941.99,"end":3942.47},{"text":"on","start":3942.87,"end":3943.03},{"text":"how","start":3943.03,"end":3943.27},{"text":"to","start":3943.27,"end":3943.39},{"text":"mobilize","start":3943.39,"end":3943.99},{"text":"quality","start":3943.99,"end":3944.55},{"text":"investment","start":3944.55,"end":3945.35},{"text":"into,","start":3945.83,"end":3946.23},{"text":"for","start":3946.23,"end":3946.55},{"text":"example,","start":3946.55,"end":3947.03},{"text":"digital","start":3947.03,"end":3947.59},{"text":"economy.","start":3947.63,"end":3948.23}]},{"text":"Finland welcomes the joint African Union Commission, OECD, Africa Virtual Investment Platform that provides data and information to identify investment opportunities and adjust any misperceptions of investment risks.","start":3949.91,"end":3967.03,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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distinguished colleagues, partners and friends.","start":4302.11,"end":4305.15,"topics":[],"words":[{"text":"Excellencies,","start":4302.11,"end":4302.91},{"text":"distinguished","start":4302.91,"end":4303.47},{"text":"colleagues,","start":4303.47,"end":4303.95},{"text":"partners","start":4303.95,"end":4304.47},{"text":"and","start":4304.47,"end":4304.59},{"text":"friends.","start":4304.59,"end":4305.15}]},{"text":"It's a pleasure to join you today as we reflect on the critical role that foreign direct investment plays in shaping the future of our continent, a future defined by resilience, opportunity and shared prosperity.","start":4305.71,"end":4317.15,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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direct investment is not simply a financial flow.","start":4318.03,"end":4320.99,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development outcomes."}],"words":[{"text":"Foreign","start":4318.03,"end":4318.35},{"text":"direct","start":4318.35,"end":4318.71},{"text":"investment","start":4318.71,"end":4319.23},{"text":"is","start":4319.23,"end":4319.35},{"text":"not","start":4319.35,"end":4319.71},{"text":"simply","start":4319.71,"end":4320.03},{"text":"a","start":4320.03,"end":4320.07},{"text":"financial","start":4320.07,"end":4320.59},{"text":"flow.","start":4320.59,"end":4320.99}]},{"text":"is a vector of productivity, innovation, and knowledge transfer.","start":4321.55,"end":4325.31,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct 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growth.","start":4325.79,"end":4330.83,"topics":[],"words":[{"text":"In","start":4325.79,"end":4325.95},{"text":"Egypt,","start":4325.95,"end":4326.51},{"text":"we","start":4326.51,"end":4326.67},{"text":"have","start":4326.67,"end":4326.83},{"text":"long","start":4326.83,"end":4327.07},{"text":"recognized","start":4327.07,"end":4327.83},{"text":"its","start":4327.83,"end":4327.95},{"text":"potential","start":4327.95,"end":4328.51},{"text":"to","start":4328.51,"end":4328.67},{"text":"accelerate","start":4328.67,"end":4329.31},{"text":"inclusive,","start":4329.31,"end":4329.87},{"text":"sustainable","start":4329.87,"end":4330.51},{"text":"growth.","start":4330.51,"end":4330.83}]},{"text":"Under our national development strategy, Egypt Vision 2030, we have positioned FDI as a cornerstone of our strategy to create decent jobs, strengthen the private sector, and scale up domestic value chains.","start":4331.63,"end":4344.19,"topics":[{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. 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Investment was framed as a way to turn growth into tangible opportunities and reduce pressures such as 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finally, I would like to express my sincere appreciation for our partners at the African Union Commission, the OECD colleagues, and the co-chairs of this special event, Spain and Zambia, for organizing the important dialogue that has reaffirmed our shared devotion to advancing sustainable development through strong regional 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believe that the path forward is clear.","start":4542.07,"end":4544.15,"topics":[],"words":[{"text":"We","start":4542.07,"end":4542.23},{"text":"believe","start":4542.23,"end":4542.63},{"text":"that","start":4542.63,"end":4542.79},{"text":"the","start":4542.79,"end":4542.87},{"text":"path","start":4542.87,"end":4543.19},{"text":"forward","start":4543.19,"end":4543.59},{"text":"is","start":4543.59,"end":4543.75},{"text":"clear.","start":4543.75,"end":4544.15}]},{"text":"We will continue to work collaboratively to build institutional resilience, promote and accelerate the green and digital transitions, while empowering youth and women and leveraging our strong regional cooperation.","start":4544.55,"end":4555.83,"topics":[{"key":"green-digital-transition","label":"Green and Digital Transition","description":"A recurring topic was directing investment toward green energy, climate action, digital infrastructure, and technology-driven sectors. 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have now concluded the panel discussion.","start":4583.55,"end":4586.35,"topics":[],"words":[{"text":"We","start":4583.55,"end":4583.71},{"text":"have","start":4583.71,"end":4583.91},{"text":"now","start":4583.91,"end":4584.19},{"text":"concluded","start":4584.19,"end":4584.71},{"text":"the","start":4584.71,"end":4585.23},{"text":"panel","start":4585.31,"end":4585.63},{"text":"discussion.","start":4585.63,"end":4586.35}]},{"text":"We have very little time left, but I will nonetheless take the liberty of going maybe a couple of minutes 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have permission, so that's fine, but no more than a couple of minutes.","start":4597.51,"end":4602.15,"topics":[],"words":[{"text":"I","start":4597.51,"end":4597.59},{"text":"have","start":4597.59,"end":4597.83},{"text":"permission,","start":4597.83,"end":4598.31},{"text":"so","start":4598.31,"end":4598.47},{"text":"that's","start":4598.47,"end":4598.75},{"text":"fine,","start":4598.75,"end":4598.95},{"text":"but","start":4598.95,"end":4599.27},{"text":"no","start":4599.43,"end":4600.47},{"text":"more","start":4600.47,"end":4600.67},{"text":"than","start":4600.67,"end":4600.95},{"text":"a","start":4601.19,"end":4601.43},{"text":"couple","start":4601.43,"end":4601.63},{"text":"of","start":4601.63,"end":4601.71},{"text":"minutes.","start":4601.71,"end":4602.15}]},{"text":"For some floor interventions, I would kindly ask not to exceed two 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start with Mark Zellenrath, the Director of Multilateral Organization and Human Rights Department of the 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if I might just zoom in a little bit also on what Carlos said on and what I think has been a common thread in all of the interventions on the perception and the realities.","start":4649.51,"end":4661.19,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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again, I will quote Carlo here.","start":4758.23,"end":4760.87,"topics":[],"words":[{"text":"And","start":4758.23,"end":4758.55},{"text":"again,","start":4758.59,"end":4758.95},{"text":"I","start":4758.95,"end":4759.11},{"text":"will","start":4759.35,"end":4759.59},{"text":"quote","start":4759.59,"end":4759.99},{"text":"Carlo","start":4760.07,"end":4760.55},{"text":"here.","start":4760.55,"end":4760.87}]},{"text":"Let's ensure that this website is not just going to be a 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all of us that this is not going to be just another 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regarding the perception, interesting data that you have.","start":4795.67,"end":4799.03,"topics":[],"words":[{"text":"And","start":4795.67,"end":4795.95},{"text":"just","start":4795.99,"end":4796.27},{"text":"regarding","start":4796.27,"end":4796.71},{"text":"the","start":4796.71,"end":4796.79},{"text":"perception,","start":4796.79,"end":4797.59},{"text":"interesting","start":4797.83,"end":4798.31},{"text":"data","start":4798.31,"end":4798.55},{"text":"that","start":4798.55,"end":4798.71},{"text":"you","start":4798.71,"end":4798.79},{"text":"have.","start":4798.79,"end":4799.03}]},{"text":"I think I have not spoken to an African leader since I took up this position four years ago without hearing investment opportunities in Africa are underrated and risk is 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23, we also are supporting the corresponding initiative on FDI qualities.","start":4910.19,"end":4916.03,"topics":[{"key":"quality-fdi","label":"Quality Foreign Direct Investment","description":"A central theme was how to attract not just more foreign direct investment to Africa, but better investment that creates jobs, supports inclusion, strengthens productivity, and advances sustainable development 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we obviously also value very much what we are celebrating today, the launch of the Africa Virtual Investment Platform.","start":4928.03,"end":4938.51,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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you so much.","start":4958.67,"end":4959.71,"topics":[],"words":[{"text":"Thank","start":4958.67,"end":4958.99},{"text":"you","start":4958.99,"end":4959.07},{"text":"so","start":4959.07,"end":4959.31},{"text":"much.","start":4959.31,"end":4959.71}]}]}],"speaker":{"name":"Markus Rupi","affiliation":"CHE","affiliation_full":"Switzerland","group":null,"function":"Delegate of the Federal Council for the 2030 Agenda"}},{"statement_number":24,"start":4960.27,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=4961","paragraphs":[{"sentences":[{"text":"Thank you very much.","start":4960.27,"end":4961.95,"topics":[],"words":[{"text":"Thank","start":4960.27,"end":4960.59},{"text":"you","start":4960.59,"end":4960.83},{"text":"very","start":4960.99,"end":4961.35},{"text":"much.","start":4961.35,"end":4961.95}]},{"text":"Moving now to, uh, Nan Li Collins, the Director, uh, of Investment and Enterprise Division at UNCTAD and the Chair of the UN Sustainable Stock Exchanges 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De-risking mechanisms were highlighted as especially important."}],"words":[{"text":"We","start":5121.11,"end":5121.27},{"text":"want","start":5121.27,"end":5121.43},{"text":"to","start":5121.43,"end":5121.51},{"text":"work","start":5121.51,"end":5121.75},{"text":"with","start":5121.75,"end":5121.95},{"text":"all","start":5122.71,"end":5122.95},{"text":"international","start":5122.95,"end":5123.51},{"text":"institutions,","start":5123.51,"end":5124.15},{"text":"DFIs,","start":5124.15,"end":5124.79},{"text":"sovereign","start":5125.03,"end":5125.35},{"text":"wealth","start":5125.35,"end":5125.55},{"text":"funds.","start":5125.59,"end":5125.91}]},{"text":"We actually just had a meeting with this African Sovereign Wealth Fund Forum to look at how we leverage institutional investors and de-risk FDIs into the continent.","start":5125.91,"end":5136.47,"topics":[{"key":"blended-finance","label":"Blended Finance and Private Capital Mobilization","description":"Multiple speakers argued that official development assistance alone cannot meet Africa’s financing needs and called for stronger use of blended finance, guarantees, PPPs, and other tools to crowd in private investment. 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Thank you.","start":5152.55,"end":5153.67,"topics":[],"words":[{"text":"Yeah.","start":5152.55,"end":5152.87},{"text":"Thank","start":5153.31,"end":5153.55},{"text":"you.","start":5153.55,"end":5153.67}]},{"text":"Thank you very much.","start":5153.75,"end":5154.55,"topics":[],"words":[{"text":"Thank","start":5153.75,"end":5153.91},{"text":"you","start":5153.91,"end":5153.99},{"text":"very","start":5153.99,"end":5154.15},{"text":"much.","start":5154.15,"end":5154.55}]},{"text":"And also from my side, thank the organizers for giving also Unido the opportunity to say some words about what we are doing and we're working together.","start":5154.55,"end":5165.27,"topics":[],"words":[{"text":"And","start":5154.55,"end":5154.95},{"text":"also","start":5154.95,"end":5155.27},{"text":"from","start":5155.27,"end":5155.47},{"text":"my","start":5155.47,"end":5155.67},{"text":"side,","start":5155.67,"end":5156.15},{"text":"thank","start":5156.63,"end":5156.91},{"text":"the","start":5156.91,"end":5156.99},{"text":"organizers","start":5156.99,"end":5157.67},{"text":"for","start":5157.67,"end":5158.15},{"text":"giving","start":5158.63,"end":5158.95},{"text":"also","start":5158.95,"end":5159.51},{"text":"Unido","start":5159.51,"end":5159.91},{"text":"the","start":5159.91,"end":5160.03},{"text":"opportunity","start":5160.03,"end":5160.79},{"text":"to","start":5160.79,"end":5161.27},{"text":"say","start":5161.27,"end":5161.51},{"text":"some","start":5161.51,"end":5161.71},{"text":"words","start":5161.71,"end":5161.99},{"text":"about","start":5161.99,"end":5162.79},{"text":"what","start":5162.91,"end":5163.35},{"text":"we","start":5163.35,"end":5163.59},{"text":"are","start":5163.59,"end":5163.67},{"text":"doing","start":5163.67,"end":5164.07},{"text":"and","start":5164.07,"end":5164.19},{"text":"we're","start":5164.19,"end":5164.35},{"text":"working","start":5164.39,"end":5164.79},{"text":"together.","start":5164.79,"end":5165.27}]},{"text":"That is a main message.","start":5165.27,"end":5167.43,"topics":[],"words":[{"text":"That","start":5165.27,"end":5165.75},{"text":"is","start":5166.47,"end":5166.63},{"text":"a","start":5166.63,"end":5166.71},{"text":"main","start":5166.71,"end":5166.95},{"text":"message.","start":5166.95,"end":5167.43}]},{"text":"And I think at the beginning of this session, we saw the presentation and saw how connected this platform is with other ones.","start":5167.43,"end":5176.95,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"And","start":5167.43,"end":5167.75},{"text":"I","start":5168.31,"end":5168.47},{"text":"think","start":5168.47,"end":5168.79},{"text":"at","start":5168.79,"end":5168.87},{"text":"the","start":5168.87,"end":5168.95},{"text":"beginning","start":5168.95,"end":5169.51},{"text":"of","start":5169.51,"end":5169.83},{"text":"this","start":5170.35,"end":5170.71},{"text":"session,","start":5170.79,"end":5171.43},{"text":"we","start":5171.43,"end":5171.59},{"text":"saw","start":5171.59,"end":5171.83},{"text":"the","start":5171.83,"end":5171.91},{"text":"presentation","start":5171.91,"end":5172.79},{"text":"and","start":5172.79,"end":5172.95},{"text":"saw","start":5172.95,"end":5173.27},{"text":"how","start":5174.07,"end":5174.31},{"text":"connected","start":5174.39,"end":5175.07},{"text":"this","start":5175.07,"end":5175.35},{"text":"platform","start":5175.35,"end":5175.91},{"text":"is","start":5175.91,"end":5176.15},{"text":"with","start":5176.15,"end":5176.31},{"text":"other","start":5176.31,"end":5176.59},{"text":"ones.","start":5176.59,"end":5176.95}]},{"text":"And I think that is for me the main message.","start":5176.95,"end":5179.27,"topics":[],"words":[{"text":"And","start":5176.95,"end":5177.15},{"text":"I","start":5177.15,"end":5177.19},{"text":"think","start":5177.19,"end":5177.43},{"text":"that","start":5177.43,"end":5177.59},{"text":"is","start":5177.59,"end":5177.83},{"text":"for","start":5177.83,"end":5177.95},{"text":"me","start":5177.95,"end":5178.15},{"text":"the","start":5178.15,"end":5178.31},{"text":"main","start":5178.31,"end":5178.63},{"text":"message.","start":5178.63,"end":5179.27}]},{"text":"We also know, and we heard it from previous speakers, that, of course, FDI, these figures are declining.","start":5180.27,"end":5187.59,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."}],"words":[{"text":"We","start":5180.27,"end":5180.47},{"text":"also","start":5180.47,"end":5181.47},{"text":"know,","start":5181.47,"end":5181.91},{"text":"and","start":5181.91,"end":5182.11},{"text":"we","start":5182.11,"end":5182.27},{"text":"heard","start":5182.27,"end":5182.47},{"text":"it","start":5182.47,"end":5182.59},{"text":"from","start":5182.59,"end":5182.83},{"text":"previous","start":5182.83,"end":5183.27},{"text":"speakers,","start":5183.27,"end":5183.79},{"text":"that,","start":5183.79,"end":5184.19},{"text":"of","start":5184.51,"end":5184.67},{"text":"course,","start":5184.67,"end":5184.99},{"text":"FDI,","start":5184.99,"end":5185.63},{"text":"these","start":5185.63,"end":5186.35},{"text":"figures","start":5186.35,"end":5186.75},{"text":"are","start":5186.75,"end":5186.83},{"text":"declining.","start":5186.83,"end":5187.59}]},{"text":"And I have one other more figure is that only 5% of all FDI goes to Africa investment.","start":5187.59,"end":5194.83,"topics":[{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. 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Thank you, Mr. Becker.","start":5235.95,"end":5237.75,"topics":[],"words":[{"text":"Great","start":5235.95,"end":5236.15},{"text":"message.","start":5236.15,"end":5236.63},{"text":"Thank","start":5236.71,"end":5236.99},{"text":"you,","start":5236.99,"end":5237.07},{"text":"Mr.","start":5237.07,"end":5237.31},{"text":"Becker.","start":5237.31,"end":5237.75}]},{"text":"And last but not least, Gianluca Riccio, the chair of BIAC Finance Committee and co-chair of B20 Finance and Infrastructure Task 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pay the bills and then think about the investment.","start":5327.43,"end":5330.07,"topics":[],"words":[{"text":"To","start":5327.43,"end":5327.51},{"text":"pay","start":5327.83,"end":5327.99},{"text":"the","start":5327.99,"end":5328.11},{"text":"bills","start":5328.11,"end":5328.55},{"text":"and","start":5328.55,"end":5328.79},{"text":"then","start":5328.79,"end":5328.95},{"text":"think","start":5328.95,"end":5329.19},{"text":"about","start":5329.19,"end":5329.43},{"text":"the","start":5329.43,"end":5329.51},{"text":"investment.","start":5329.51,"end":5330.07}]},{"text":"So it's critical, whatever platform is put in practice, to think about the flow of funds and think about tackling the different elements, starting from liquidity and working 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hope you find this panel useful.","start":7189.39,"end":7193.55,"topics":[],"words":[{"text":"I","start":7189.39,"end":7189.55},{"text":"hope","start":7189.55,"end":7189.87},{"text":"you","start":7189.87,"end":7190.03},{"text":"find","start":7190.03,"end":7190.47},{"text":"this","start":7190.47,"end":7190.83},{"text":"panel","start":7192.11,"end":7192.67},{"text":"useful.","start":7192.91,"end":7193.55}]},{"text":"And it's a pleasure and an honor for me to be sharing this panel with all the people here and contributing from the side of the Spanish government in such an important 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as you know, together we have the chance to tackle an issue that is essential for the fair and inclusive development of countries, and also to reduce inequalities present in this 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have an instrument to solve this, that is taxation, that is the redistribution of richness.","start":7222.47,"end":7229.51,"topics":[],"words":[{"text":"We","start":7222.47,"end":7222.63},{"text":"have","start":7222.63,"end":7222.95},{"text":"an","start":7223.55,"end":7223.67},{"text":"instrument","start":7223.67,"end":7224.31},{"text":"to","start":7224.71,"end":7224.87},{"text":"solve","start":7224.87,"end":7225.11},{"text":"this,","start":7225.11,"end":7225.35},{"text":"that","start":7225.35,"end":7225.59},{"text":"is","start":7225.59,"end":7225.83},{"text":"taxation,","start":7226.23,"end":7227.03},{"text":"that","start":7227.35,"end":7227.51},{"text":"is","start":7227.51,"end":7227.67},{"text":"the","start":7227.67,"end":7227.83},{"text":"redistribution","start":7227.91,"end":7228.79},{"text":"of","start":7228.79,"end":7228.95},{"text":"richness.","start":7228.95,"end":7229.51}]},{"text":"As you know, this is a complex issue, both at a technical level and also present in the political discussion, because the tax vision defines perfectly the society we aim for, every human aims 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one side, there are some people that define, defend that reduce taxation, stimulates governments.","start":7251.03,"end":7260.63,"topics":[],"words":[{"text":"On","start":7251.03,"end":7251.07},{"text":"one","start":7251.07,"end":7251.27},{"text":"side,","start":7251.27,"end":7251.47},{"text":"there","start":7251.47,"end":7251.59},{"text":"are","start":7251.59,"end":7251.67},{"text":"some","start":7251.67,"end":7251.99},{"text":"people","start":7251.99,"end":7252.55},{"text":"that","start":7252.79,"end":7252.99},{"text":"define,","start":7252.99,"end":7253.75},{"text":"defend","start":7254.55,"end":7254.99},{"text":"that","start":7254.99,"end":7255.15},{"text":"reduce","start":7256.15,"end":7256.71},{"text":"taxation,","start":7256.79,"end":7257.83},{"text":"stimulates","start":7258.31,"end":7259.19},{"text":"governments.","start":7259.91,"end":7260.63}]},{"text":"So governments are promoting the decrease in taxation, even though that this suffocates the capacity of states to redistribute richness or the possibility to fund public services that are essential for 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the other side, that are people like me that think that fair taxation is the best route of democracy, or what is the same, we won't be able to have democracy without 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believe taxation as something essential to build its social protection network that citizens may have to guarantee safety, wellness, and opportunities equality, without thinking of the origin of 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we know that inequality is a burden for economy progression.","start":7313.79,"end":7320.83,"topics":[],"words":[{"text":"Nowadays,","start":7313.79,"end":7314.43},{"text":"we","start":7314.43,"end":7314.59},{"text":"know","start":7314.59,"end":7314.99},{"text":"that","start":7314.99,"end":7315.27},{"text":"inequality","start":7315.47,"end":7316.51},{"text":"is","start":7317.23,"end":7317.55},{"text":"a","start":7317.55,"end":7317.71},{"text":"burden","start":7317.71,"end":7318.59},{"text":"for","start":7318.67,"end":7319.07},{"text":"economy","start":7319.07,"end":7319.87},{"text":"progression.","start":7320.11,"end":7320.83}]},{"text":"Empirical data demonstrates that all international organisms demonstrate that the most equalitarian countries grow more in a more stable way if they have this politics that allows to tackle 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also know that in the last 10 years, there's a huge improvement in the concentration of richness in the hands of fewer people or 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the money distribution is much more unequal nowadays.","start":7370.75,"end":7378.63,"topics":[],"words":[{"text":"Unfortunately,","start":7370.75,"end":7371.75},{"text":"the","start":7372.31,"end":7372.43},{"text":"money","start":7372.43,"end":7372.79},{"text":"distribution","start":7372.79,"end":7373.83},{"text":"is","start":7374.63,"end":7374.95},{"text":"much","start":7375.91,"end":7376.31},{"text":"more","start":7376.31,"end":7376.79},{"text":"unequal","start":7377.07,"end":7377.59},{"text":"nowadays.","start":7377.83,"end":7378.63}]},{"text":"Actually, it is estimated, and I think that the representative from Oxfam will illustrate this data, this 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than the 95% of the 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this is a tough reality we are facing.","start":7395.39,"end":7398.79,"topics":[],"words":[{"text":"And","start":7395.39,"end":7395.59},{"text":"this","start":7395.59,"end":7395.95},{"text":"is","start":7396.27,"end":7396.35},{"text":"a","start":7396.43,"end":7396.47},{"text":"tough","start":7396.47,"end":7396.91},{"text":"reality","start":7396.91,"end":7397.79},{"text":"we","start":7397.95,"end":7398.19},{"text":"are","start":7398.19,"end":7398.43},{"text":"facing.","start":7398.43,"end":7398.79}]},{"text":"This is a bottleneck full of un-hope.","start":7398.79,"end":7402.27,"topics":[],"words":[{"text":"This","start":7398.79,"end":7398.99},{"text":"is","start":7398.99,"end":7399.15},{"text":"a","start":7399.79,"end":7399.83},{"text":"bottleneck","start":7399.83,"end":7400.59},{"text":"full","start":7400.99,"end":7401.43},{"text":"of","start":7401.43,"end":7401.63},{"text":"un-hope.","start":7401.63,"end":7402.27}]},{"text":"Actually, Thomas Piketty remind us that inequality is an 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a political discussion to have in this OECD the base to reform taxation, international taxation, and cooperative taxation, and adapt it to a digital, global, economy that does not see any 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a political decision to have such bigger heritage to commit to these efforts, having a fair taxation 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are collective challenges that go beyond borders and that needs collective action and not a competition as 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the countries, all international bodies, all academic world and civil society to go deeper in this 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could we ensure progressivity and efficiency in taxation systems with the goal to reduce social inequality as a complex in the 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need to promote international cooperation in international fora, sharing knowledge, advancing data gathering, and also have exact information on the income and rich and concentration, and also the taxation 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also want to promote research, comparative research, that may allow us to have the better diagnosis and therefore find the better 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know that situation is of view to the position of the United States has in trade.","start":7662.95,"end":7672.83,"topics":[],"words":[{"text":"We","start":7662.95,"end":7663.19},{"text":"know","start":7663.19,"end":7663.51},{"text":"that","start":7663.51,"end":7663.75},{"text":"situation","start":7663.75,"end":7664.55},{"text":"is","start":7664.55,"end":7664.87},{"text":"of","start":7665.31,"end":7665.71},{"text":"view","start":7666.87,"end":7667.31},{"text":"to","start":7667.55,"end":7667.95},{"text":"the","start":7668.19,"end":7668.31},{"text":"position","start":7668.31,"end":7668.99},{"text":"of","start":7668.99,"end":7669.15},{"text":"the","start":7669.15,"end":7669.27},{"text":"United","start":7669.31,"end":7669.79},{"text":"States","start":7669.79,"end":7670.27},{"text":"has","start":7670.51,"end":7671.07},{"text":"in","start":7671.71,"end":7672.11},{"text":"trade.","start":7672.27,"end":7672.83}]},{"text":"We are moving backwards, moving backwards in things we should, we already 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taxes for companies in United States.","start":7694.39,"end":7698.07,"topics":[],"words":[{"text":"or","start":7694.39,"end":7694.63},{"text":"taxes","start":7694.87,"end":7695.35},{"text":"for","start":7695.35,"end":7695.99},{"text":"companies","start":7696.07,"end":7696.79},{"text":"in","start":7696.79,"end":7697.27},{"text":"United","start":7697.27,"end":7697.59},{"text":"States.","start":7697.59,"end":7698.07}]},{"text":"We shouldn't forget that we have been moving forward a lot in the latest years in this international cooperation 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this sense, and with this I will finish my intervention, I'd like to say that Spain is doing many technical activities to other institutions, maybe through European Union or the Inter-American Development Bank or the International Monetary 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like to focus on this, on the need of political courage.","start":7909.67,"end":7916.87,"topics":[],"words":[{"text":"I'd","start":7909.67,"end":7909.87},{"text":"like","start":7909.91,"end":7910.07},{"text":"to","start":7910.07,"end":7910.19},{"text":"focus","start":7910.19,"end":7910.63},{"text":"on","start":7910.63,"end":7910.79},{"text":"this,","start":7910.79,"end":7911.11},{"text":"on","start":7911.27,"end":7911.43},{"text":"the","start":7911.43,"end":7911.51},{"text":"need","start":7911.51,"end":7911.83},{"text":"of","start":7911.83,"end":7912.31},{"text":"political","start":7915.75,"end":7916.31},{"text":"courage.","start":7916.31,"end":7916.87}]},{"text":"How do you value this?","start":7917.91,"end":7919.19,"topics":[],"words":[{"text":"How","start":7917.91,"end":7918.07},{"text":"do","start":7918.07,"end":7918.23},{"text":"you","start":7918.23,"end":7918.39},{"text":"value","start":7918.43,"end":7918.75},{"text":"this?","start":7918.75,"end":7919.19}]},{"text":"Is it the moment to be practical?","start":7919.59,"end":7921.51,"topics":[],"words":[{"text":"Is","start":7919.59,"end":7919.75},{"text":"it","start":7919.75,"end":7919.83},{"text":"the","start":7919.83,"end":7919.95},{"text":"moment","start":7919.95,"end":7920.35},{"text":"to","start":7920.35,"end":7920.47},{"text":"be","start":7920.47,"end":7920.79},{"text":"practical?","start":7920.79,"end":7921.51}]},{"text":"Is this the moment to be forward, or should we have done it on a different 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what else than to ask big multinationals to commit and give money to the country they are acting 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this sense, Spain's position is going to be this.","start":8051.35,"end":8055.19,"topics":[],"words":[{"text":"So","start":8051.35,"end":8051.67},{"text":"in","start":8051.67,"end":8051.83},{"text":"this","start":8051.83,"end":8051.99},{"text":"sense,","start":8051.99,"end":8052.39},{"text":"Spain's","start":8052.79,"end":8053.35},{"text":"position","start":8053.35,"end":8054.07},{"text":"is","start":8054.31,"end":8054.47},{"text":"going","start":8054.47,"end":8054.71},{"text":"to","start":8054.71,"end":8054.83},{"text":"be","start":8054.83,"end":8054.99},{"text":"this.","start":8054.99,"end":8055.19}]},{"text":"We're going to try to have and to make this have any effect on the 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case for taxing high-net-worth individuals and large corporations more fairly in order to reduce inequality and finance development. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"Canada","start":8410.25,"end":8410.81},{"text":"capitulated.","start":8410.89,"end":8412.01}]},{"text":"It hasn't agreed yet to be the 51st state, but this is the first step in the way.","start":8413.29,"end":8418.65,"topics":[],"words":[{"text":"It","start":8413.29,"end":8413.41},{"text":"hasn't","start":8413.41,"end":8413.81},{"text":"agreed","start":8413.81,"end":8414.17},{"text":"yet","start":8414.17,"end":8414.45},{"text":"to","start":8414.45,"end":8414.53},{"text":"be","start":8414.53,"end":8414.69},{"text":"the","start":8414.69,"end":8414.81},{"text":"51st","start":8414.81,"end":8415.45},{"text":"state,","start":8415.45,"end":8415.93},{"text":"but","start":8416.49,"end":8416.65},{"text":"this","start":8416.65,"end":8416.89},{"text":"is","start":8416.89,"end":8417.01},{"text":"the","start":8417.01,"end":8417.13},{"text":"first","start":8417.13,"end":8417.49},{"text":"step","start":8417.49,"end":8417.77},{"text":"in","start":8417.93,"end":8418.13},{"text":"the","start":8418.13,"end":8418.25},{"text":"way.","start":8418.25,"end":8418.65}]},{"text":"I'm joking, that's not going to happen, but But the point is, the rest of the world simply cannot be bullied by the United States.","start":8419.29,"end":8432.73,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"It","start":8433.13,"end":8433.37},{"text":"undermines","start":8433.37,"end":8434.17},{"text":"democracy,","start":8434.17,"end":8435.01},{"text":"it","start":8435.01,"end":8435.13},{"text":"undermines","start":8435.13,"end":8435.97},{"text":"global","start":8435.97,"end":8436.37},{"text":"governance,","start":8436.37,"end":8437.05},{"text":"it","start":8437.05,"end":8437.21},{"text":"undermines","start":8437.21,"end":8437.93},{"text":"the","start":8437.93,"end":8438.09},{"text":"progress","start":8438.09,"end":8438.81},{"text":"that","start":8439.13,"end":8439.37},{"text":"has","start":8439.41,"end":8439.53},{"text":"been","start":8439.53,"end":8439.69},{"text":"made","start":8439.69,"end":8440.33},{"text":"in","start":8440.41,"end":8440.73},{"text":"the","start":8440.73,"end":8440.81},{"text":"creation","start":8440.81,"end":8441.49},{"text":"of","start":8441.49,"end":8441.61},{"text":"a","start":8441.61,"end":8441.65},{"text":"United","start":8441.65,"end":8442.17},{"text":"Nations","start":8442.17,"end":8442.89},{"text":"since","start":8443.13,"end":8443.45},{"text":"1944.","start":8443.45,"end":8444.81}]},{"text":"Now, let me speak just very, very briefly about the specific issue going forward on tax cooperation, which is the world has been making some progress.","start":8444.81,"end":8461.97,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"The","start":8463.17,"end":8463.37},{"text":"Africa","start":8463.37,"end":8463.81},{"text":"Union","start":8463.81,"end":8464.61},{"text":"put","start":8465.49,"end":8465.73},{"text":"a","start":8465.73,"end":8465.77},{"text":"proposal","start":8465.77,"end":8466.61},{"text":"to","start":8466.69,"end":8466.93},{"text":"the","start":8466.93,"end":8467.09},{"text":"UN","start":8467.09,"end":8467.89},{"text":"for","start":8468.45,"end":8468.77},{"text":"a","start":8468.77,"end":8468.81},{"text":"tax","start":8468.85,"end":8469.33},{"text":"convention.","start":8469.33,"end":8470.13}]},{"text":"And over the objection of the United States, the world came together and started this tax convention.","start":8470.69,"end":8476.13,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"There","start":8480.41,"end":8480.61},{"text":"are","start":8480.61,"end":8480.73},{"text":"terms","start":8480.73,"end":8481.13},{"text":"of","start":8481.13,"end":8481.21},{"text":"references","start":8481.21,"end":8481.97},{"text":"that","start":8481.97,"end":8482.13},{"text":"were","start":8482.13,"end":8482.33},{"text":"agreed","start":8482.33,"end":8482.81},{"text":"to.","start":8482.81,"end":8483.21}]},{"text":"So what I want to emphasize is that the world can't be held hostage.","start":8483.77,"end":8491.21,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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risk taking.","start":8498.09,"end":8499.61,"topics":[],"words":[{"text":"It","start":8498.09,"end":8498.21},{"text":"will","start":8498.21,"end":8498.33},{"text":"take","start":8498.33,"end":8498.65},{"text":"risk","start":8498.73,"end":8499.01},{"text":"taking.","start":8499.01,"end":8499.61}]},{"text":"Because the threats will be there.","start":8500.33,"end":8504.01,"topics":[],"words":[{"text":"Because","start":8500.33,"end":8500.81},{"text":"the","start":8502.57,"end":8502.73},{"text":"threats","start":8502.73,"end":8503.13},{"text":"will","start":8503.13,"end":8503.37},{"text":"be","start":8503.37,"end":8503.53},{"text":"there.","start":8503.53,"end":8504.01}]},{"text":"The instrument to destroy our democracy and to destroy global governance is fear, threats, and one can't give in to those threats.","start":8504.89,"end":8517.45,"topics":[],"words":[{"text":"The","start":8504.89,"end":8505.17},{"text":"instrument","start":8505.37,"end":8506.25},{"text":"to","start":8506.97,"end":8507.09},{"text":"destroy","start":8507.09,"end":8507.49},{"text":"our","start":8507.49,"end":8507.61},{"text":"democracy","start":8507.61,"end":8508.41},{"text":"and","start":8508.41,"end":8508.57},{"text":"to","start":8508.57,"end":8508.65},{"text":"destroy","start":8508.65,"end":8509.09},{"text":"global","start":8509.09,"end":8509.49},{"text":"governance","start":8509.49,"end":8510.25},{"text":"is","start":8510.65,"end":8510.93},{"text":"fear,","start":8510.97,"end":8511.53},{"text":"threats,","start":8511.85,"end":8512.49},{"text":"and","start":8513.37,"end":8513.53},{"text":"one","start":8513.53,"end":8513.69},{"text":"can't","start":8513.69,"end":8514.13},{"text":"give","start":8514.13,"end":8514.33},{"text":"in","start":8514.33,"end":8514.65},{"text":"to","start":8515.29,"end":8515.45},{"text":"those","start":8515.45,"end":8515.93},{"text":"threats.","start":8516.81,"end":8517.45}]},{"text":"Let me just finally say, the outcome document agreed to for Seville points to the possibility, I think, of this new 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world -- for Seville, countries came together.","start":8530.45,"end":8533.09,"topics":[],"words":[{"text":"The","start":8530.45,"end":8530.57},{"text":"world","start":8530.57,"end":8530.93},{"text":"--","start":8531.25,"end":8531.29},{"text":"for","start":8531.29,"end":8531.45},{"text":"Seville,","start":8531.45,"end":8531.93},{"text":"countries","start":8531.93,"end":8532.41},{"text":"came","start":8532.41,"end":8532.65},{"text":"together.","start":8532.65,"end":8533.09}]},{"text":"U.S. walked out of the room, and that provided an 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nowadays.","start":8904.01,"end":8916.13,"topics":[],"words":[{"text":"Professor","start":8904.01,"end":8904.61},{"text":"Stiglitz","start":8904.61,"end":8905.25},{"text":"was","start":8905.25,"end":8905.45},{"text":"saying","start":8905.45,"end":8905.93},{"text":"the","start":8907.33,"end":8907.49},{"text":"world","start":8907.49,"end":8907.81},{"text":"can","start":8907.81,"end":8907.97},{"text":"be","start":8908.37,"end":8908.53},{"text":"kept","start":8908.53,"end":8908.85},{"text":"hostage","start":8909.01,"end":8909.73},{"text":"by","start":8909.97,"end":8910.37},{"text":"this","start":8911.33,"end":8911.57},{"text":"fight","start":8911.57,"end":8911.85},{"text":"against","start":8911.85,"end":8912.17},{"text":"cooperation,","start":8912.17,"end":8912.77},{"text":"especially","start":8912.77,"end":8913.17},{"text":"from","start":8913.17,"end":8913.41},{"text":"the","start":8914.45,"end":8914.65},{"text":"US","start":8914.97,"end":8915.25},{"text":"nowadays.","start":8915.25,"end":8916.13}]},{"text":"I would like, given your experience as former Prime Minister of Senegal, based on your experience, how can a many African leadership contribute to this new global consensus on fair 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I would like to know if From your point of view, does it make sense to continue talking about multilateralism, given the recent experience in the G7?","start":8936.13,"end":8948.81,"topics":[],"words":[{"text":"And","start":8936.13,"end":8936.53},{"text":"I","start":8936.85,"end":8937.01},{"text":"would","start":8937.05,"end":8937.17},{"text":"like","start":8937.17,"end":8937.33},{"text":"to","start":8937.33,"end":8937.45},{"text":"know","start":8937.45,"end":8937.73},{"text":"if","start":8937.85,"end":8937.93},{"text":"From","start":8938.33,"end":8938.53},{"text":"your","start":8938.53,"end":8938.65},{"text":"point","start":8938.65,"end":8938.93},{"text":"of","start":8938.93,"end":8939.09},{"text":"view,","start":8939.09,"end":8939.37},{"text":"does","start":8939.69,"end":8939.93},{"text":"it","start":8939.93,"end":8940.05},{"text":"make","start":8940.05,"end":8940.33},{"text":"sense","start":8940.33,"end":8941.05},{"text":"to","start":8941.13,"end":8941.25},{"text":"continue","start":8941.25,"end":8941.69},{"text":"talking","start":8941.93,"end":8942.73},{"text":"about","start":8942.73,"end":8943.61},{"text":"multilateralism,","start":8943.69,"end":8945.21},{"text":"given","start":8945.53,"end":8945.93},{"text":"the","start":8945.93,"end":8946.05},{"text":"recent","start":8946.09,"end":8946.61},{"text":"experience","start":8946.61,"end":8947.37},{"text":"in","start":8947.45,"end":8947.77},{"text":"the","start":8947.77,"end":8947.89},{"text":"G7?","start":8948.09,"end":8948.81}]}]}],"speaker":{"name":null,"affiliation":null,"affiliation_full":null,"group":null,"function":"Moderator"}},{"statement_number":42,"start":8949.37,"pageUrl":"/zh/asset/k17/k17ausmpm8?lang=en&t=8950","paragraphs":[{"sentences":[{"text":"Thank you very much.","start":8949.37,"end":8950.57,"topics":[],"words":[{"text":"Thank","start":8949.37,"end":8949.69},{"text":"you","start":8949.69,"end":8949.77},{"text":"very","start":8949.77,"end":8950.09},{"text":"much.","start":8950.09,"end":8950.57}]},{"text":"The issue of taxation is a manifestation of the continuum of injustice that the African continent has been going through for centuries.","start":8952.41,"end":8963.45,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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unjust can that be?","start":9094.61,"end":9097.01,"topics":[],"words":[{"text":"How","start":9094.61,"end":9094.93},{"text":"unjust","start":9094.97,"end":9095.57},{"text":"can","start":9095.57,"end":9095.97},{"text":"that","start":9095.97,"end":9096.53},{"text":"be?","start":9096.53,"end":9097.01}]},{"text":"I mean, you cannot be more unjust than that.","start":9097.41,"end":9099.65,"topics":[],"words":[{"text":"I","start":9097.41,"end":9097.49},{"text":"mean,","start":9097.49,"end":9097.65},{"text":"you","start":9097.65,"end":9097.77},{"text":"cannot","start":9097.77,"end":9098.09},{"text":"be","start":9098.09,"end":9098.29},{"text":"more","start":9098.29,"end":9098.49},{"text":"unjust","start":9098.49,"end":9099.01},{"text":"than","start":9099.01,"end":9099.25},{"text":"that.","start":9099.25,"end":9099.65}]},{"text":"So this is a very critical 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shows the political goodwill we have in most countries.","start":9552.93,"end":9557.09,"topics":[],"words":[{"text":"It","start":9552.93,"end":9553.25},{"text":"shows","start":9553.25,"end":9553.81},{"text":"the","start":9554.05,"end":9554.17},{"text":"political","start":9554.17,"end":9554.61},{"text":"goodwill","start":9554.61,"end":9555.09},{"text":"we","start":9555.09,"end":9555.25},{"text":"have","start":9555.25,"end":9555.65},{"text":"in","start":9555.81,"end":9555.97},{"text":"most","start":9555.97,"end":9556.53},{"text":"countries.","start":9556.53,"end":9557.09}]},{"text":"This makes us be available to say that taxation of super rich is not a problem.","start":9557.33,"end":9564.13,"topics":[{"key":"wealth-taxation","label":"Taxing the Super-Rich and Reducing Inequality","description":"A major topic in the later discussion was the case for taxing high-net-worth individuals and large corporations more fairly in order to reduce inequality and finance development. 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have the resources on the planet, but they are at the wrong hands.","start":9643.65,"end":9647.29,"topics":[],"words":[{"text":"We","start":9643.65,"end":9643.85},{"text":"have","start":9643.85,"end":9644.25},{"text":"the","start":9644.25,"end":9644.37},{"text":"resources","start":9644.37,"end":9645.01},{"text":"on","start":9645.01,"end":9645.09},{"text":"the","start":9645.09,"end":9645.17},{"text":"planet,","start":9645.17,"end":9645.53},{"text":"but","start":9645.53,"end":9645.73},{"text":"they","start":9645.73,"end":9645.81},{"text":"are","start":9645.81,"end":9646.01},{"text":"at","start":9646.17,"end":9646.33},{"text":"the","start":9646.33,"end":9646.45},{"text":"wrong","start":9646.45,"end":9646.73},{"text":"hands.","start":9646.73,"end":9647.29}]},{"text":"But yeah, we have resources to make these agendas 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Seville.","start":9660.25,"end":9666.41,"topics":[],"words":[{"text":"192","start":9660.25,"end":9661.37},{"text":"countries","start":9661.45,"end":9662.01},{"text":"back","start":9662.17,"end":9662.57},{"text":"this","start":9662.97,"end":9663.37},{"text":"document,","start":9663.37,"end":9663.93},{"text":"this","start":9663.93,"end":9664.17},{"text":"initiative,","start":9664.17,"end":9664.89},{"text":"the","start":9665.13,"end":9665.29},{"text":"Commitment","start":9665.29,"end":9665.85},{"text":"of","start":9665.85,"end":9666.01},{"text":"Seville.","start":9666.01,"end":9666.41}]},{"text":"This is a great step by Spain, Brazil, South Africa, maybe Chile.","start":9666.65,"end":9671.41,"topics":[],"words":[{"text":"This","start":9666.65,"end":9666.81},{"text":"is","start":9666.81,"end":9666.93},{"text":"a","start":9666.93,"end":9666.97},{"text":"great","start":9666.97,"end":9667.33},{"text":"step","start":9667.33,"end":9667.77},{"text":"by","start":9668.17,"end":9668.33},{"text":"Spain,","start":9668.33,"end":9668.89},{"text":"Brazil,","start":9668.89,"end":9669.45},{"text":"South","start":9669.45,"end":9669.77},{"text":"Africa,","start":9669.77,"end":9670.41},{"text":"maybe","start":9670.57,"end":9671.05},{"text":"Chile.","start":9671.05,"end":9671.41}]},{"text":"Maybe we can have you on board as 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"Because","start":10001.69,"end":10001.97},{"text":"the","start":10001.97,"end":10002.05},{"text":"global","start":10002.05,"end":10002.73},{"text":"agreements","start":10003.29,"end":10004.17},{"text":"have","start":10005.93,"end":10006.25},{"text":"a","start":10006.33,"end":10006.37},{"text":"double","start":10006.37,"end":10006.89},{"text":"meaning,","start":10006.97,"end":10007.41},{"text":"in","start":10007.93,"end":10008.05},{"text":"my","start":10008.05,"end":10008.17},{"text":"point","start":10008.17,"end":10008.45},{"text":"of","start":10008.45,"end":10008.61},{"text":"view.","start":10008.61,"end":10008.81}]},{"text":"On the one hand, we have the practical dimension, if it's possible having a group of countries to agree to implement something or to set some borders on a taxation structure is something relevant.","start":10009.29,"end":10026.05,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"And","start":10027.97,"end":10028.13},{"text":"also","start":10028.13,"end":10028.37},{"text":"there's","start":10028.37,"end":10028.69},{"text":"a","start":10028.69,"end":10028.73},{"text":"risk","start":10028.73,"end":10029.25},{"text":"between","start":10029.89,"end":10031.25},{"text":"taxation","start":10031.25,"end":10031.97},{"text":"among","start":10031.97,"end":10032.33},{"text":"companies.","start":10032.53,"end":10033.25}]},{"text":"But there's another dimension we should focus on.","start":10035.33,"end":10038.53,"topics":[],"words":[{"text":"But","start":10035.33,"end":10035.65},{"text":"there's","start":10035.65,"end":10036.01},{"text":"another","start":10036.01,"end":10036.53},{"text":"dimension","start":10036.53,"end":10037.33},{"text":"we","start":10037.33,"end":10037.41},{"text":"should","start":10037.41,"end":10037.65},{"text":"focus","start":10037.65,"end":10038.21},{"text":"on.","start":10038.21,"end":10038.53}]},{"text":"That is the legitimacy of the discussion in countries.","start":10038.85,"end":10043.49,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"That","start":10038.85,"end":10039.01},{"text":"is","start":10039.01,"end":10039.17},{"text":"the","start":10039.17,"end":10039.29},{"text":"legitimacy","start":10039.33,"end":10040.45},{"text":"of","start":10041.41,"end":10041.65},{"text":"the","start":10041.65,"end":10041.77},{"text":"discussion","start":10041.89,"end":10042.61},{"text":"in","start":10042.61,"end":10042.85},{"text":"countries.","start":10042.85,"end":10043.49}]},{"text":"I think that the Oxford representative said this thing on legitimacy, that common sense versus radicalism.","start":10047.93,"end":10055.21,"topics":[],"words":[{"text":"I","start":10047.93,"end":10048.09},{"text":"think","start":10048.09,"end":10048.37},{"text":"that","start":10048.37,"end":10048.65},{"text":"the","start":10048.73,"end":10048.85},{"text":"Oxford","start":10048.89,"end":10049.29},{"text":"representative","start":10049.29,"end":10050.01},{"text":"said","start":10050.01,"end":10050.49},{"text":"this","start":10050.89,"end":10051.09},{"text":"thing","start":10051.09,"end":10051.29},{"text":"on","start":10051.29,"end":10051.37},{"text":"legitimacy,","start":10051.37,"end":10052.25},{"text":"that","start":10052.57,"end":10052.81},{"text":"common","start":10052.97,"end":10053.37},{"text":"sense","start":10053.37,"end":10053.77},{"text":"versus","start":10053.77,"end":10054.33},{"text":"radicalism.","start":10054.41,"end":10055.21}]},{"text":"When there's agreement at the global level, there's more common sense.","start":10055.73,"end":10059.69,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"When","start":10055.73,"end":10056.01},{"text":"there's","start":10056.01,"end":10056.33},{"text":"agreement","start":10056.33,"end":10056.85},{"text":"at","start":10056.85,"end":10056.93},{"text":"the","start":10056.93,"end":10057.05},{"text":"global","start":10057.05,"end":10057.49},{"text":"level,","start":10057.49,"end":10057.93},{"text":"there's","start":10058.17,"end":10058.49},{"text":"more","start":10058.49,"end":10058.81},{"text":"common","start":10058.81,"end":10059.21},{"text":"sense.","start":10059.21,"end":10059.69}]},{"text":"And therefore, common sense proposals couldn't be seen as radicals.","start":10060.97,"end":10066.33,"topics":[],"words":[{"text":"And","start":10060.97,"end":10061.25},{"text":"therefore,","start":10061.25,"end":10061.77},{"text":"common","start":10062.41,"end":10062.73},{"text":"sense","start":10062.73,"end":10062.89},{"text":"proposals","start":10062.89,"end":10063.85},{"text":"couldn't","start":10064.25,"end":10064.61},{"text":"be","start":10064.61,"end":10064.73},{"text":"seen","start":10064.73,"end":10065.13},{"text":"as","start":10065.13,"end":10065.37},{"text":"radicals.","start":10065.45,"end":10066.33}]},{"text":"I think this is something that should be, um, should be bear in mind, of course.","start":10068.01,"end":10073.85,"topics":[],"words":[{"text":"I","start":10068.01,"end":10068.17},{"text":"think","start":10068.17,"end":10068.49},{"text":"this","start":10068.49,"end":10068.65},{"text":"is","start":10068.65,"end":10068.97},{"text":"something","start":10069.37,"end":10069.89},{"text":"that","start":10070.01,"end":10070.37},{"text":"should","start":10070.37,"end":10070.57},{"text":"be,","start":10070.57,"end":10070.97},{"text":"um,","start":10071.77,"end":10071.85},{"text":"should","start":10072.41,"end":10072.61},{"text":"be","start":10072.61,"end":10072.73},{"text":"bear","start":10072.73,"end":10072.97},{"text":"in","start":10072.97,"end":10073.05},{"text":"mind,","start":10073.05,"end":10073.33},{"text":"of","start":10073.33,"end":10073.45},{"text":"course.","start":10073.45,"end":10073.85}]},{"text":"And what is the relationship of all of these, uh, related to taxation compliance and all the, these things that have been mentioned?","start":10074.01,"end":10082.81,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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Speakers argued that current systems often let the richest pay proportionally less than ordinary citizens."}],"words":[{"text":"And","start":10290.69,"end":10290.81},{"text":"what","start":10290.81,"end":10291.05},{"text":"citizens","start":10291.05,"end":10291.57},{"text":"were","start":10291.57,"end":10291.81},{"text":"asked","start":10291.81,"end":10292.13},{"text":"for","start":10292.13,"end":10292.45},{"text":"was","start":10292.45,"end":10292.85},{"text":"justice","start":10293.17,"end":10293.81},{"text":"in","start":10295.09,"end":10295.41},{"text":"taxation.","start":10295.65,"end":10296.37}]},{"text":"And when they talk about taxation justice, They didn't meant about horizontal or vertical equity, as economists understand it.","start":10296.37,"end":10306.13,"topics":[{"key":"wealth-taxation","label":"Taxing the Super-Rich and Reducing Inequality","description":"A major topic in the later discussion was the case for taxing high-net-worth individuals and large corporations more fairly in order to reduce inequality and finance development. 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in what you have said, you have already demonstrated that.","start":10382.13,"end":10385.21,"topics":[],"words":[{"text":"Because","start":10382.13,"end":10382.41},{"text":"in","start":10382.41,"end":10382.49},{"text":"what","start":10382.49,"end":10382.69},{"text":"you","start":10382.69,"end":10382.81},{"text":"have","start":10382.81,"end":10382.97},{"text":"said,","start":10382.97,"end":10383.45},{"text":"you","start":10383.69,"end":10383.85},{"text":"have","start":10383.85,"end":10384.01},{"text":"already","start":10384.01,"end":10384.33},{"text":"demonstrated","start":10384.33,"end":10385.01},{"text":"that.","start":10385.01,"end":10385.21}]},{"text":"You have mentioned all the different angles of such a complex issue as fair 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in particular, each country, we have a margin, a margin that identify our models as a society.","start":10480.13,"end":10487.33,"topics":[],"words":[{"text":"States","start":10480.13,"end":10480.73},{"text":"in","start":10480.73,"end":10480.85},{"text":"particular,","start":10480.85,"end":10481.61},{"text":"each","start":10481.61,"end":10481.73},{"text":"country,","start":10481.73,"end":10482.09},{"text":"we","start":10482.09,"end":10482.21},{"text":"have","start":10482.21,"end":10482.37},{"text":"a","start":10482.37,"end":10482.45},{"text":"margin,","start":10482.45,"end":10482.93},{"text":"a","start":10483.89,"end":10483.97},{"text":"margin","start":10483.97,"end":10484.57},{"text":"that","start":10484.57,"end":10484.69},{"text":"identify","start":10484.69,"end":10485.49},{"text":"our","start":10485.57,"end":10485.89},{"text":"models","start":10485.89,"end":10486.37},{"text":"as","start":10486.37,"end":10486.45},{"text":"a","start":10486.45,"end":10486.53},{"text":"society.","start":10486.53,"end":10487.33}]},{"text":"In Spain, we have the digital tax.","start":10487.57,"end":10490.69,"topics":[],"words":[{"text":"In","start":10487.57,"end":10487.81},{"text":"Spain,","start":10487.81,"end":10488.29},{"text":"we","start":10488.29,"end":10488.41},{"text":"have","start":10488.41,"end":10488.69},{"text":"the","start":10488.77,"end":10488.89},{"text":"digital","start":10488.89,"end":10489.65},{"text":"tax.","start":10490.21,"end":10490.69}]},{"text":"Even after United States told us not to do so, But we thought it was something fair to have a tax in a sector that we asked for this tax because this sector is currently having most of the benefits, benefits from most of the 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also, we identify in a real clear way that in the world, there's taxation that is built for an analogic 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therefore, all the digital operations were not included in this architecture.","start":10526.77,"end":10532.65,"topics":[],"words":[{"text":"And","start":10526.77,"end":10526.93},{"text":"therefore,","start":10526.93,"end":10527.53},{"text":"all","start":10527.61,"end":10527.93},{"text":"the","start":10527.93,"end":10528.05},{"text":"digital","start":10528.05,"end":10528.77},{"text":"operations","start":10528.77,"end":10529.45},{"text":"were","start":10529.45,"end":10529.69},{"text":"not","start":10529.69,"end":10530.09},{"text":"included","start":10530.09,"end":10530.89},{"text":"in","start":10531.21,"end":10531.45},{"text":"this","start":10531.45,"end":10531.77},{"text":"architecture.","start":10531.77,"end":10532.65}]},{"text":"So we thought we need to reflect also other operations, other taxes, so we could better meet with the current reality of these 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did the same with the digital companies.","start":10546.49,"end":10550.09,"topics":[],"words":[{"text":"We","start":10546.49,"end":10546.65},{"text":"did","start":10546.65,"end":10546.77},{"text":"the","start":10546.77,"end":10546.97},{"text":"same","start":10546.97,"end":10547.61},{"text":"with","start":10548.25,"end":10548.53},{"text":"the","start":10548.53,"end":10548.61},{"text":"digital","start":10548.65,"end":10549.17},{"text":"companies.","start":10549.17,"end":10550.09}]},{"text":"the taxation transactions that is also so present in the economic world and is a bit also 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banks, so they could pay what they should.","start":10559.69,"end":10568.13,"topics":[],"words":[{"text":"And","start":10559.69,"end":10559.81},{"text":"we","start":10559.81,"end":10559.97},{"text":"also","start":10559.97,"end":10560.25},{"text":"did","start":10560.29,"end":10560.57},{"text":"it","start":10560.57,"end":10560.69},{"text":"with","start":10560.69,"end":10561.09},{"text":"big","start":10561.57,"end":10561.85},{"text":"electricity","start":10561.97,"end":10562.85},{"text":"companies,","start":10562.85,"end":10563.81},{"text":"banks,","start":10564.69,"end":10565.33},{"text":"so","start":10565.49,"end":10565.81},{"text":"they","start":10565.81,"end":10565.89},{"text":"could","start":10565.89,"end":10566.13},{"text":"pay","start":10566.13,"end":10566.61},{"text":"what","start":10567.05,"end":10567.25},{"text":"they","start":10567.25,"end":10567.57},{"text":"should.","start":10567.65,"end":10568.13}]},{"text":"In the tax on individuals, that is the most present one in the world, we ask for a bigger effort for the ones who have more than 300,000 euros, we ask them to pay more so they could contribute 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can policymakers build tax capacity?","start":10706.41,"end":10710.41,"topics":[],"words":[{"text":"How","start":10706.41,"end":10706.65},{"text":"can","start":10706.65,"end":10706.89},{"text":"policymakers","start":10706.89,"end":10708.01},{"text":"build","start":10708.09,"end":10708.61},{"text":"tax","start":10709.17,"end":10709.53},{"text":"capacity?","start":10709.53,"end":10710.41}]},{"text":"Is there any way beyond increasing taxes?","start":10710.73,"end":10713.33,"topics":[],"words":[{"text":"Is","start":10710.73,"end":10710.93},{"text":"there","start":10710.93,"end":10711.21},{"text":"any","start":10711.21,"end":10711.45},{"text":"way","start":10711.45,"end":10711.69},{"text":"beyond","start":10711.69,"end":10712.17},{"text":"increasing","start":10712.37,"end":10712.85},{"text":"taxes?","start":10712.85,"end":10713.33}]},{"text":"And what's the advice from the 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Ababa.","start":11219.53,"end":11222.17,"topics":[],"words":[{"text":"We","start":11219.53,"end":11219.77},{"text":"did","start":11219.77,"end":11219.97},{"text":"that","start":11219.97,"end":11220.29},{"text":"10","start":11220.29,"end":11220.49},{"text":"years","start":11220.49,"end":11220.81},{"text":"back","start":11220.81,"end":11221.13},{"text":"in","start":11221.13,"end":11221.33},{"text":"Addis","start":11221.33,"end":11221.53},{"text":"Ababa.","start":11221.53,"end":11222.17}]},{"text":"Hopefully, it's not going to take us 10 years again to accomplish what we want to 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are very relevant components we shouldn't forget about.","start":11610.21,"end":11614.53,"topics":[],"words":[{"text":"These","start":11610.21,"end":11610.53},{"text":"are","start":11610.53,"end":11610.85},{"text":"very","start":11611.57,"end":11612.01},{"text":"relevant","start":11612.01,"end":11612.53},{"text":"components","start":11612.61,"end":11613.37},{"text":"we","start":11613.37,"end":11613.57},{"text":"shouldn't","start":11613.57,"end":11614.09},{"text":"forget","start":11614.09,"end":11614.33},{"text":"about.","start":11614.33,"end":11614.53}]},{"text":"Thank you so much.","start":11615.17,"end":11616.45,"topics":[],"words":[{"text":"Thank","start":11615.17,"end":11615.53},{"text":"you","start":11615.53,"end":11615.73},{"text":"so","start":11615.81,"end":11616.05},{"text":"much.","start":11616.05,"end":11616.45}]}]}],"speaker":{"name":"Mario Marcel","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Minister of 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"We","start":11774.77,"end":11774.85},{"text":"could","start":11774.85,"end":11775.09},{"text":"have","start":11775.09,"end":11775.25},{"text":"regulated","start":11775.25,"end":11776.01},{"text":"them.","start":11776.01,"end":11776.45}]},{"text":"We could have taken other actions.","start":11777.65,"end":11780.77,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"We","start":11777.65,"end":11777.97},{"text":"could","start":11777.97,"end":11778.29},{"text":"have","start":11778.29,"end":11778.61},{"text":"taken","start":11778.85,"end":11779.41},{"text":"other","start":11779.41,"end":11779.97},{"text":"actions.","start":11779.97,"end":11780.77}]},{"text":"We allow them to exist.","start":11782.13,"end":11784.01,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"We","start":11782.13,"end":11782.45},{"text":"allow","start":11782.45,"end":11782.93},{"text":"them","start":11782.93,"end":11783.17},{"text":"to","start":11783.17,"end":11783.33},{"text":"exist.","start":11783.33,"end":11784.01}]},{"text":"And when I say we, why are they there?","start":11784.61,"end":11787.17,"topics":[],"words":[{"text":"And","start":11784.61,"end":11784.73},{"text":"when","start":11784.73,"end":11784.93},{"text":"I","start":11784.93,"end":11785.09},{"text":"say","start":11785.09,"end":11785.33},{"text":"we,","start":11785.33,"end":11785.97},{"text":"why","start":11785.97,"end":11786.33},{"text":"are","start":11786.33,"end":11786.45},{"text":"they","start":11786.45,"end":11786.61},{"text":"there?","start":11786.61,"end":11787.17}]},{"text":"Well, there are some special interests who benefit from them, and I'll come back to that in a second.","start":11787.41,"end":11794.45,"topics":[],"words":[{"text":"Well,","start":11787.41,"end":11787.73},{"text":"there","start":11787.73,"end":11788.13},{"text":"are","start":11788.13,"end":11788.21},{"text":"some","start":11788.21,"end":11788.69},{"text":"special","start":11788.77,"end":11789.41},{"text":"interests","start":11789.41,"end":11789.97},{"text":"who","start":11789.97,"end":11790.05},{"text":"benefit","start":11790.05,"end":11790.61},{"text":"from","start":11790.61,"end":11790.85},{"text":"them,","start":11790.85,"end":11790.97},{"text":"and","start":11790.97,"end":11791.09},{"text":"I'll","start":11791.09,"end":11791.29},{"text":"come","start":11791.29,"end":11791.45},{"text":"back","start":11791.45,"end":11791.69},{"text":"to","start":11791.69,"end":11791.77},{"text":"that","start":11791.77,"end":11792.13},{"text":"in","start":11792.85,"end":11793.73},{"text":"a","start":11793.73,"end":11793.77},{"text":"second.","start":11793.77,"end":11794.45}]},{"text":"So one of the things that is so important about the Seville action platform is that it has concrete measures.","start":11795.09,"end":11805.77,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."}],"words":[{"text":"And","start":11806.57,"end":11807.21},{"text":"there","start":11807.37,"end":11807.61},{"text":"are","start":11807.61,"end":11808.17},{"text":"lots","start":11808.33,"end":11808.81},{"text":"of","start":11808.85,"end":11808.97},{"text":"concrete","start":11808.97,"end":11809.61},{"text":"measures","start":11809.61,"end":11810.41},{"text":"that","start":11810.41,"end":11810.57},{"text":"can","start":11810.57,"end":11810.73},{"text":"be","start":11810.73,"end":11810.89},{"text":"taken","start":11810.89,"end":11811.61},{"text":"to","start":11812.17,"end":11812.25},{"text":"deal","start":11812.25,"end":11812.73},{"text":"with","start":11812.73,"end":11813.25},{"text":"the","start":11813.25,"end":11813.33},{"text":"tax","start":11813.37,"end":11813.85},{"text":"avoidance","start":11813.85,"end":11814.57},{"text":"that","start":11814.57,"end":11814.69},{"text":"globalization","start":11814.69,"end":11815.85},{"text":"has","start":11816.25,"end":11816.97},{"text":"facilitated.","start":11817.37,"end":11818.41}]},{"text":"Issues about transparency, issues about global registry, there are many particular things that can be done that actually make, I don't want to say tax avoidance impossible, but at least make it much more difficult.","start":11820.33,"end":11843.57,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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it's an impediment and makes detection of it easier.","start":11843.89,"end":11850.85,"topics":[],"words":[{"text":"So","start":11843.89,"end":11844.37},{"text":"it's","start":11845.81,"end":11847.05},{"text":"an","start":11847.13,"end":11847.29},{"text":"impediment","start":11847.29,"end":11848.05},{"text":"and","start":11848.45,"end":11848.61},{"text":"makes","start":11848.61,"end":11848.93},{"text":"detection","start":11848.93,"end":11849.69},{"text":"of","start":11849.69,"end":11849.81},{"text":"it","start":11849.81,"end":11849.97},{"text":"easier.","start":11850.21,"end":11850.85}]},{"text":"Let me before coming to a full answer to your question, point out that while there's been a lot of progress that I'll describe in a second, there are some forces going in the other direction.","start":11852.77,"end":11873.13,"topics":[],"words":[{"text":"Let","start":11852.77,"end":11852.89},{"text":"me","start":11852.89,"end":11853.33},{"text":"before","start":11855.01,"end":11855.37},{"text":"coming","start":11855.37,"end":11855.85},{"text":"to","start":11855.85,"end":11855.97},{"text":"a","start":11855.97,"end":11856.33},{"text":"full","start":11856.33,"end":11856.57},{"text":"answer","start":11856.57,"end":11856.93},{"text":"to","start":11856.93,"end":11857.01},{"text":"your","start":11857.01,"end":11857.21},{"text":"question,","start":11857.21,"end":11857.77},{"text":"point","start":11858.17,"end":11858.41},{"text":"out","start":11858.41,"end":11858.61},{"text":"that","start":11858.65,"end":11859.29},{"text":"while","start":11859.77,"end":11860.49},{"text":"there's","start":11862.25,"end":11862.73},{"text":"been","start":11863.37,"end":11863.65},{"text":"a","start":11863.65,"end":11863.69},{"text":"lot","start":11863.69,"end":11864.01},{"text":"of","start":11864.05,"end":11864.33},{"text":"progress","start":11864.81,"end":11865.77},{"text":"that","start":11866.41,"end":11866.57},{"text":"I'll","start":11866.57,"end":11866.77},{"text":"describe","start":11866.77,"end":11867.25},{"text":"in","start":11867.25,"end":11867.37},{"text":"a","start":11867.37,"end":11867.41},{"text":"second,","start":11867.41,"end":11868.01},{"text":"there","start":11869.53,"end":11869.77},{"text":"are","start":11869.77,"end":11870.01},{"text":"some","start":11870.01,"end":11870.57},{"text":"forces","start":11870.97,"end":11871.53},{"text":"going","start":11871.53,"end":11871.93},{"text":"in","start":11871.93,"end":11872.01},{"text":"the","start":11872.01,"end":11872.21},{"text":"other","start":11872.21,"end":11872.41},{"text":"direction.","start":11872.41,"end":11873.13}]},{"text":"The first is that globalization has opened up new opportunities for tax avoidance that are just, you know, the tax lawyers we'll find the example of the digital taxes of Apple using Ireland to move all the profits they made in Europe to Ireland.","start":11873.69,"end":11897.57,"topics":[{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. 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Trump.","start":12000.81,"end":12010.57,"topics":[],"words":[{"text":"But","start":12000.81,"end":12001.05},{"text":"also,","start":12001.05,"end":12001.69},{"text":"one","start":12004.25,"end":12004.65},{"text":"of","start":12004.65,"end":12004.73},{"text":"the","start":12004.73,"end":12004.93},{"text":"other","start":12004.93,"end":12005.37},{"text":"headwinds","start":12005.77,"end":12006.49},{"text":"that","start":12006.49,"end":12006.61},{"text":"the","start":12006.61,"end":12006.73},{"text":"world","start":12006.73,"end":12007.13},{"text":"is","start":12007.13,"end":12007.29},{"text":"facing","start":12007.29,"end":12007.93},{"text":"right","start":12008.25,"end":12008.57},{"text":"now","start":12008.57,"end":12008.89},{"text":"is","start":12009.05,"end":12009.61},{"text":"Trump.","start":12010.17,"end":12010.57}]},{"text":"I know one isn't supposed to say that in polite circles, but He's destroyed politeness as even a verb, as a 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the point I think the rest of the world has to remember is that the US is only 20%, less than 20% of global 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as a market is larger than the US.","start":12037.17,"end":12041.57,"topics":[],"words":[{"text":"Europe","start":12037.17,"end":12037.81},{"text":"as","start":12038.45,"end":12038.69},{"text":"a","start":12038.69,"end":12038.77},{"text":"market","start":12038.77,"end":12039.33},{"text":"is","start":12039.41,"end":12039.65},{"text":"larger","start":12039.65,"end":12040.37},{"text":"than","start":12040.37,"end":12040.69},{"text":"the","start":12040.69,"end":12041.09},{"text":"US.","start":12041.21,"end":12041.57}]},{"text":"If it doesn't stick together, each country is much 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US.","start":12045.41,"end":12049.25,"topics":[],"words":[{"text":"But","start":12045.41,"end":12045.61},{"text":"Europe","start":12045.61,"end":12046.05},{"text":"as","start":12046.09,"end":12046.21},{"text":"a","start":12046.21,"end":12046.29},{"text":"whole","start":12046.29,"end":12046.69},{"text":"is","start":12046.69,"end":12046.97},{"text":"a","start":12046.97,"end":12047.01},{"text":"bigger","start":12047.01,"end":12047.65},{"text":"economy","start":12047.65,"end":12048.29},{"text":"than","start":12048.29,"end":12048.61},{"text":"the","start":12048.65,"end":12048.85},{"text":"US.","start":12048.93,"end":12049.25}]},{"text":"Why should, in the bargaining about whether Europe should have access to American markets versus America having access to EU markets, why shouldn't the upper hand be in 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a bigger market.","start":12065.01,"end":12066.21,"topics":[],"words":[{"text":"It's","start":12065.01,"end":12065.25},{"text":"a","start":12065.25,"end":12065.33},{"text":"bigger","start":12065.33,"end":12065.65},{"text":"market.","start":12065.65,"end":12066.21}]},{"text":"But Europe hasn't acted that way.","start":12066.53,"end":12068.37,"topics":[],"words":[{"text":"But","start":12066.53,"end":12066.69},{"text":"Europe","start":12066.69,"end":12066.93},{"text":"hasn't","start":12066.93,"end":12067.33},{"text":"acted","start":12067.33,"end":12067.73},{"text":"that","start":12067.73,"end":12067.97},{"text":"way.","start":12067.97,"end":12068.37}]},{"text":"China stood up.","start":12069.97,"end":12071.73,"topics":[],"words":[{"text":"China","start":12069.97,"end":12070.45},{"text":"stood","start":12070.85,"end":12071.37},{"text":"up.","start":12071.53,"end":12071.73}]},{"text":"And what we saw when China stood up and said, we're not going to give in, what we saw is what the word, I 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I have to congratulate Spain for helping engineer this, but it reflects the sentiment of the entire 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think that's a major step forward.","start":12180.01,"end":12183.05,"topics":[],"words":[{"text":"I","start":12180.01,"end":12180.17},{"text":"think","start":12180.17,"end":12180.33},{"text":"that's","start":12180.33,"end":12180.73},{"text":"a","start":12181.05,"end":12181.09},{"text":"major","start":12181.09,"end":12181.85},{"text":"step","start":12182.17,"end":12182.57},{"text":"forward.","start":12182.57,"end":12183.05}]},{"text":"And with the Brazilian, Spanish, and now Chilean, and joining on the Seville Action Platform for dealing with the taxation of the super-rich.","start":12183.61,"end":12203.97,"topics":[{"key":"wealth-taxation","label":"Taxing the Super-Rich and Reducing Inequality","description":"A major topic in the later discussion was the case for taxing high-net-worth individuals and large corporations more fairly in order to reduce inequality and finance development. 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challenges.","start":12256.13,"end":12257.33,"topics":[],"words":[{"text":"She","start":12256.13,"end":12256.37},{"text":"has","start":12256.37,"end":12256.61},{"text":"two","start":12256.61,"end":12256.77},{"text":"challenges.","start":12256.77,"end":12257.33}]},{"text":"First of all, she has to be brief.","start":12257.33,"end":12258.77,"topics":[],"words":[{"text":"First","start":12257.33,"end":12257.53},{"text":"of","start":12257.53,"end":12257.65},{"text":"all,","start":12257.65,"end":12257.73},{"text":"she","start":12257.73,"end":12257.89},{"text":"has","start":12257.89,"end":12258.05},{"text":"to","start":12258.05,"end":12258.13},{"text":"be","start":12258.13,"end":12258.21},{"text":"brief.","start":12258.21,"end":12258.77}]},{"text":"We are out of time.","start":12259.01,"end":12259.81,"topics":[],"words":[{"text":"We","start":12259.01,"end":12259.17},{"text":"are","start":12259.17,"end":12259.33},{"text":"out","start":12259.33,"end":12259.45},{"text":"of","start":12259.45,"end":12259.57},{"text":"time.","start":12259.57,"end":12259.81}]},{"text":"And then we need a good conclusion.","start":12260.05,"end":12262.13,"topics":[],"words":[{"text":"And","start":12260.05,"end":12260.33},{"text":"then","start":12260.33,"end":12260.53},{"text":"we","start":12260.61,"end":12260.81},{"text":"need","start":12260.81,"end":12260.97},{"text":"a","start":12260.97,"end":12261.01},{"text":"good","start":12261.01,"end":12261.33},{"text":"conclusion.","start":12261.33,"end":12262.13}]},{"text":"So my question is, can we think about going beyond what we have agreed on this 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I want to think this is a starting point, and now we're going to create this 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hopefully, next time, we can celebrate the results moving forward and maybe seeing that this is a reality for a majority of 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you so much.","start":12387.93,"end":12388.81,"topics":[],"words":[{"text":"Thank","start":12387.93,"end":12388.25},{"text":"you","start":12388.25,"end":12388.33},{"text":"so","start":12388.33,"end":12388.57},{"text":"much.","start":12388.57,"end":12388.81}]},{"text":"And if more countries are interested, you can come to us.","start":12388.81,"end":12392.65,"topics":[],"words":[{"text":"And","start":12388.81,"end":12389.13},{"text":"if","start":12389.13,"end":12389.45},{"text":"more","start":12389.93,"end":12390.13},{"text":"countries","start":12390.13,"end":12390.61},{"text":"are","start":12390.97,"end":12391.13},{"text":"interested,","start":12391.13,"end":12391.85},{"text":"you","start":12391.85,"end":12391.97},{"text":"can","start":12391.97,"end":12392.17},{"text":"come","start":12392.17,"end":12392.33},{"text":"to","start":12392.33,"end":12392.49},{"text":"us.","start":12392.49,"end":12392.65}]},{"text":"Thank 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discussion.","start":12398.49,"end":12400.57,"topics":[],"words":[{"text":"This","start":12398.49,"end":12398.65},{"text":"has","start":12398.65,"end":12398.77},{"text":"been","start":12398.77,"end":12398.97},{"text":"an","start":12399.05,"end":12399.13},{"text":"agile,","start":12399.13,"end":12399.41},{"text":"interesting","start":12399.41,"end":12400.09},{"text":"discussion.","start":12400.09,"end":12400.57}]},{"text":"Thank you so much for following this session.","start":12400.57,"end":12402.41,"topics":[],"words":[{"text":"Thank","start":12400.57,"end":12400.77},{"text":"you","start":12400.77,"end":12400.89},{"text":"so","start":12400.89,"end":12400.97},{"text":"much","start":12400.97,"end":12401.17},{"text":"for","start":12401.17,"end":12401.37},{"text":"following","start":12401.45,"end":12401.93},{"text":"this","start":12401.93,"end":12402.09},{"text":"session.","start":12402.09,"end":12402.41}]},{"text":"Thank 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These included investment policy reviews, streamlined procedures, and stronger governance frameworks."},{"key":"blended-finance","label":"Blended Finance and Private Capital Mobilization","description":"Multiple speakers argued that official development assistance alone cannot meet Africa’s financing needs and called for stronger use of blended finance, guarantees, PPPs, and other tools to crowd in private investment. De-risking mechanisms were highlighted as especially important."},{"key":"investment-data","label":"Investment Data and Transparency","description":"Many speakers stressed the need for better, more comparable, and more timely investment data to reduce information asymmetries and correct misperceptions about risk in African markets. The Africa Virtual Investment Platform was presented as a key tool for this purpose."},{"key":"wealth-taxation","label":"Taxing the Super-Rich and Reducing Inequality","description":"A major topic in the later discussion was the case for taxing high-net-worth individuals and large corporations more fairly in order to reduce inequality and finance development. Speakers argued that current systems often let the richest pay proportionally less than ordinary citizens."},{"key":"youth-employment","label":"Youth Employment and Inclusive Growth","description":"Speakers repeatedly linked investment policy to job creation, especially for Africa’s large youth population, as well as to women’s economic participation and broader social inclusion. Investment was framed as a way to turn growth into tangible opportunities and reduce pressures such as migration."},{"key":"global-tax-cooperation","label":"Global Tax Cooperation","description":"Several statements examined the need for stronger international tax rules, including support for a UN framework convention on international tax cooperation and concern over setbacks to the global minimum tax. The broader issue was how to prevent unilateral pressure from undermining multilateral tax governance."},{"key":"green-digital-transition","label":"Green and Digital Transition","description":"A recurring topic was directing investment toward green energy, climate action, digital infrastructure, and technology-driven sectors. 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