{"id":188269,"date":"2019-09-26T11:39:34","date_gmt":"2019-09-26T15:39:34","guid":{"rendered":"https:\/\/www.un.org\/pga\/74\/?p=188269"},"modified":"2019-09-26T11:39:34","modified_gmt":"2019-09-26T15:39:34","slug":"opening-of-the-high-level-dialogue-on-financing-for-development","status":"publish","type":"post","link":"https:\/\/www.un.org\/pga\/74\/2019\/09\/26\/opening-of-the-high-level-dialogue-on-financing-for-development\/","title":{"rendered":"OPENING OF THE HIGH-LEVEL DIALOGUE ON FINANCING  FOR DEVELOPMENT"},"content":{"rendered":"<p>[et_pb_section bb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243; _i=&#8221;0&#8243; _address=&#8221;0&#8243; collapsed=&#8221;off&#8221; locked=&#8221;off&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; _i=&#8221;0&#8243; _address=&#8221;0.0&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; 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header_6_text_shadow_vertical_length=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; z_index_tablet=&#8221;500&#8243;]<\/p>\n<p style=\"text-align: center\"><strong><em>&#8211; As delivered &#8211;<\/em><\/strong><\/p>\n<h3>Statement by H.E. Tijjani Muhammad Bande, President of the 74th Session of the United Nations General Assembly<\/h3>\n<p><strong><span class=\"updated\">26 September 2019<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-188293 \" src=\"https:\/\/www.un.org\/pga\/74\/wp-content\/uploads\/sites\/99\/2019\/09\/Capture-15.png\" alt=\"\" width=\"431\" height=\"226\" srcset=\"https:\/\/www.un.org\/pga\/wp-content\/uploads\/sites\/99\/2019\/09\/Capture-15.png 848w, https:\/\/www.un.org\/pga\/wp-content\/uploads\/sites\/99\/2019\/09\/Capture-15-300x157.png 300w, https:\/\/www.un.org\/pga\/wp-content\/uploads\/sites\/99\/2019\/09\/Capture-15-768x403.png 768w\" sizes=\"(max-width: 431px) 100vw, 431px\" \/><\/p>\n<p>Heads of State and Government,<\/p>\n<p>Excellencies,<\/p>\n<p>Ladies and Gentlemen,<\/p>\n<p>Thank you all for being here today, to take part in the first high-level dialogue on financing for development since the adoption of the Addis Ababa Action Agenda four years ago. A particular thank you to our facilitators, the Permanent Representatives of Ghana and Canada.<\/p>\n<p>As mandated, the high-level dialogue will assess progress since the Adoption of the Addis agenda, and provide leadership and guidance on the way forward to accelerate implementation. Today\u2019s deliberations should be viewed in connection with the other events of this High-level week, all critical to our efforts on sustainable development.<\/p>\n<p>We have now kick-started the decade of delivery; ambitious climate action, building a healthier world through universal health coverage; and accelerating implementation of the 2030 Agenda and the sustainable development goals.<\/p>\n<p>But none of this can be achieved without closing existing financial gaps and seizing the tremendous investment opportunities in financing sustainable development. It is time to transcend words to action, the only way to transform our world.\u00a0<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; _i=&#8221;1&#8243; _address=&#8221;0.1&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; _i=&#8221;0&#8243; _address=&#8221;0.1.0&#8243; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; _i=&#8221;0&#8243; _address=&#8221;0.1.0.0&#8243; text_text_shadow_horizontal_length=&#8221;text_text_shadow_style,%91object Object%93&#8243; text_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_text_shadow_vertical_length=&#8221;text_text_shadow_style,%91object Object%93&#8243; text_text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_text_shadow_blur_strength=&#8221;text_text_shadow_style,%91object Object%93&#8243; 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header_5_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_6_text_shadow_horizontal_length=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_6_text_shadow_vertical_length=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; z_index_tablet=&#8221;500&#8243;]<\/p>\n<p>The Addis Ababa Agenda put the finger on one of the most significant challenges of our times \u2013 how we finance our wide web of sustainable development goals against a backdrop of weak global economic growth, unsustainable debt levels, volatile financial markets and significant climate financing deficits.<\/p>\n<p>Today\u2019s High-Level Dialogue provides an opportunity to evaluate implementation of this framework. 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header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; z_index_tablet=&#8221;500&#8243;]<\/p>\n<p>There are also encouraging signs, infrastructure investments and new and global public-private partnerships have borne fruits, but much more must be done.\u00a0<\/p>\n<p>Excellencies,<\/p>\n<p>We must remain steadfast in our commitments and generate resources that correspond to our level of ambition. Official Development Assistance commitments must be honored, and public and private investments must be increased to generate further growth and create new decent jobs.<\/p>\n<p>Let us also heed the recommendations in this year\u2019s Financing for Sustainable Development Report to overhaul the global institutional architecture in order to unleash new and innovative sources of financing. This is especially necessary to address the particular situations of countries that need financing the most \u2013 least-developed, middle-income and small-island developing states.<\/p>\n<p>Domestic resources must be further mobilized. We need more international tax cooperation that effectively deals with tax evasion and avoidance. Addressing illicit flows of capital is the other side of that same coin. Trillions of USD are lost every year in illicit financial flows in developing countries, far exceeding the volume of development aid. We cannot ignore these net losses to sustainable development.\u00a0<\/p>\n<p>[\/et_pb_text][et_pb_testimonial author=&#8221;Tijjani Muhammad Bande &#8221; job_title=&#8221;President of the Ä¢¹½ÊÓƵ General Assembly&#8221; portrait_url=&#8221;https:\/\/www.un.org\/pga\/74\/wp-content\/uploads\/sites\/99\/2019\/07\/Offical-Portrait-PGA-elect.jpg&#8221; quote_icon_color=&#8221;#00aff8&#8243; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; border_style=&#8221;solid&#8221; _i=&#8221;1&#8243; _address=&#8221;0.2.0.1&#8243; quote_icon_background_color=&#8221;#f5f5f5&#8243; box_shadow_horizontal_image_tablet=&#8221;0px&#8221; box_shadow_vertical_image_tablet=&#8221;0px&#8221; box_shadow_blur_image_tablet=&#8221;40px&#8221; box_shadow_spread_image_tablet=&#8221;0px&#8221; text_shadow_horizontal_length=&#8221;text_shadow_style,%91object Object%93&#8243; text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_shadow_vertical_length=&#8221;text_shadow_style,%91object Object%93&#8243; text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_shadow_blur_strength=&#8221;text_shadow_style,%91object Object%93&#8243; text_shadow_blur_strength_tablet=&#8221;1px&#8221; body_link_text_shadow_horizontal_length=&#8221;body_link_text_shadow_style,%91object Object%93&#8243; body_link_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; body_link_text_shadow_vertical_length=&#8221;body_link_text_shadow_style,%91object Object%93&#8243; body_link_text_shadow_vertical_length_tablet=&#8221;0px&#8221; body_link_text_shadow_blur_strength=&#8221;body_link_text_shadow_style,%91object Object%93&#8243; body_link_text_shadow_blur_strength_tablet=&#8221;1px&#8221; body_ul_text_shadow_horizontal_length=&#8221;body_ul_text_shadow_style,%91object Object%93&#8243; body_ul_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; body_ul_text_shadow_vertical_length=&#8221;body_ul_text_shadow_style,%91object Object%93&#8243; body_ul_text_shadow_vertical_length_tablet=&#8221;0px&#8221; body_ul_text_shadow_blur_strength=&#8221;body_ul_text_shadow_style,%91object Object%93&#8243; body_ul_text_shadow_blur_strength_tablet=&#8221;1px&#8221; body_ol_text_shadow_horizontal_length=&#8221;body_ol_text_shadow_style,%91object Object%93&#8243; body_ol_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; body_ol_text_shadow_vertical_length=&#8221;body_ol_text_shadow_style,%91object Object%93&#8243; body_ol_text_shadow_vertical_length_tablet=&#8221;0px&#8221; body_ol_text_shadow_blur_strength=&#8221;body_ol_text_shadow_style,%91object Object%93&#8243; body_ol_text_shadow_blur_strength_tablet=&#8221;1px&#8221; body_quote_text_shadow_horizontal_length=&#8221;body_quote_text_shadow_style,%91object Object%93&#8243; body_quote_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; body_quote_text_shadow_vertical_length=&#8221;body_quote_text_shadow_style,%91object Object%93&#8243; body_quote_text_shadow_vertical_length_tablet=&#8221;0px&#8221; body_quote_text_shadow_blur_strength=&#8221;body_quote_text_shadow_style,%91object Object%93&#8243; body_quote_text_shadow_blur_strength_tablet=&#8221;1px&#8221; author_text_shadow_horizontal_length=&#8221;author_text_shadow_style,%91object Object%93&#8243; author_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; author_text_shadow_vertical_length=&#8221;author_text_shadow_style,%91object Object%93&#8243; author_text_shadow_vertical_length_tablet=&#8221;0px&#8221; author_text_shadow_blur_strength=&#8221;author_text_shadow_style,%91object Object%93&#8243; author_text_shadow_blur_strength_tablet=&#8221;1px&#8221; position_text_shadow_horizontal_length=&#8221;position_text_shadow_style,%91object Object%93&#8243; position_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; position_text_shadow_vertical_length=&#8221;position_text_shadow_style,%91object Object%93&#8243; position_text_shadow_vertical_length_tablet=&#8221;0px&#8221; position_text_shadow_blur_strength=&#8221;position_text_shadow_style,%91object Object%93&#8243; position_text_shadow_blur_strength_tablet=&#8221;1px&#8221; company_text_shadow_horizontal_length=&#8221;company_text_shadow_style,%91object Object%93&#8243; company_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; company_text_shadow_vertical_length=&#8221;company_text_shadow_style,%91object Object%93&#8243; company_text_shadow_vertical_length_tablet=&#8221;0px&#8221; company_text_shadow_blur_strength=&#8221;company_text_shadow_style,%91object Object%93&#8243; company_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; z_index_tablet=&#8221;500&#8243;]<\/p>\n<p><strong>Today\u2019s High-Level Dialogue provides an opportunity to evaluate implementation of this framework. Throughout the SDG Summit, we heard from many Member States that funding remains one of the biggest impediments to realizing the SDGs. We need about $2.5 trillion a year to close the finance gap. This will require our urgent attention and action.<\/strong><\/p>\n<p>[\/et_pb_testimonial][et_pb_text _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; border_style=&#8221;solid&#8221; _i=&#8221;2&#8243; _address=&#8221;0.2.0.2&#8243; text_text_shadow_horizontal_length=&#8221;text_text_shadow_style,%91object Object%93&#8243; text_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; text_text_shadow_vertical_length=&#8221;text_text_shadow_style,%91object Object%93&#8243; text_text_shadow_vertical_length_tablet=&#8221;0px&#8221; text_text_shadow_blur_strength=&#8221;text_text_shadow_style,%91object Object%93&#8243; text_text_shadow_blur_strength_tablet=&#8221;1px&#8221; link_text_shadow_horizontal_length=&#8221;link_text_shadow_style,%91object Object%93&#8243; link_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; link_text_shadow_vertical_length=&#8221;link_text_shadow_style,%91object Object%93&#8243; 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header_4_text_shadow_vertical_length=&#8221;header_4_text_shadow_style,%91object Object%93&#8243; header_4_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_4_text_shadow_blur_strength=&#8221;header_4_text_shadow_style,%91object Object%93&#8243; header_4_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_5_text_shadow_horizontal_length=&#8221;header_5_text_shadow_style,%91object Object%93&#8243; header_5_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_5_text_shadow_vertical_length=&#8221;header_5_text_shadow_style,%91object Object%93&#8243; header_5_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_5_text_shadow_blur_strength=&#8221;header_5_text_shadow_style,%91object Object%93&#8243; header_5_text_shadow_blur_strength_tablet=&#8221;1px&#8221; header_6_text_shadow_horizontal_length=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_horizontal_length_tablet=&#8221;0px&#8221; header_6_text_shadow_vertical_length=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_vertical_length_tablet=&#8221;0px&#8221; header_6_text_shadow_blur_strength=&#8221;header_6_text_shadow_style,%91object Object%93&#8243; header_6_text_shadow_blur_strength_tablet=&#8221;1px&#8221; box_shadow_horizontal_tablet=&#8221;0px&#8221; box_shadow_vertical_tablet=&#8221;0px&#8221; box_shadow_blur_tablet=&#8221;40px&#8221; box_shadow_spread_tablet=&#8221;0px&#8221; z_index_tablet=&#8221;500&#8243;]<\/p>\n<p>Excellencies,<\/p>\n<p>We are again seeing alarming signs of debt accumulation and distress in many places, which disproportionately affect least developed countries, small island developing states and landlocked developing states. Debt sustainability must be addressed so that recent history does not repeat itself.\u00a0<\/p>\n<p>Global trade remains a unique engine for growth for all. Strengthening the multilateral trade framework serves to integrate all countries into the global economy.<\/p>\n<p>Innovation, technology transfer and digitalization give promise of significant development, and African and Small-island developing states must be prioritized.<\/p>\n<p>The fight against climate change is not at odds with creating economic dividends. Investing in clean and accessible energy will generate revenues.<\/p>\n<p>Women make up half of the world&#8217;s workforce, and empowered women are agents of economic and social change. Reaching our targets can only happen with the active participation of women.\u00a0<\/p>\n<p>Excellencies,<\/p>\n<p>A sustainable development future requires investing in the present. We have a clearly stated roadmap and due date. Let us act now and work together to take bold action to deliver for all.<\/p>\n<p>I thank you.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statement by H.E. Tijjani Muhammad-Bande, President of the General Assembly &#8211; Opening Segment of The High-Level Dialogue On Financing For Development<\/p>\n","protected":false},"author":266,"featured_media":188293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[111],"tags":[],"class_list":["post-188269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statements","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OPENING OF THE HIGH-LEVEL DIALOGUE ON FINANCING FOR DEVELOPMENT - General Assembly of the United Nations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.un.org\/pga\/74\/2019\/09\/26\/opening-of-the-high-level-dialogue-on-financing-for-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPENING OF THE HIGH-LEVEL DIALOGUE ON FINANCING FOR DEVELOPMENT - General Assembly of the United Nations\" \/>\n<meta property=\"og:description\" content=\"Statement by H.E. 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