  {"id":286692,"date":"2025-06-30T09:20:56","date_gmt":"2025-06-30T13:20:56","guid":{"rendered":"https:\/\/www.un.org\/pga\/79\/?p=286692"},"modified":"2025-06-30T09:20:56","modified_gmt":"2025-06-30T13:20:56","slug":"pga-remarks-at-the-fourth-international-conference-on-financing-for-development-opening-segment","status":"publish","type":"post","link":"https:\/\/www.un.org\/pga\/79\/2025\/06\/30\/pga-remarks-at-the-fourth-international-conference-on-financing-for-development-opening-segment\/","title":{"rendered":"PGA Remarks at the Fourth International Conference on Financing for Development \u2013 Opening Segment"},"content":{"rendered":"<div style=\"text-align: center\"><b data-olk-copy-source=\"MessageBody\">Remarks by the President of the \u00a0Ä¢¹½ÊÓÆµ General Assembly<\/b><\/div>\n<div style=\"text-align: center\"><b>H.E. Mr. Philemon Yang<\/b><\/div>\n<div class=\"x_elementToProof\" style=\"text-align: center\"><b><b>at the<\/b><\/b><strong>Fourth International Conference on Financing for Development \u2013 Opening Segment\u00a0<\/strong><\/p>\n<\/div>\n<div class=\"x_elementToProof\" style=\"text-align: center\"><b>\u00a0<\/b><\/div>\n<div class=\"x_elementToProof\" style=\"text-align: center\"><b>30 June 2025<\/b><\/div>\n<div class=\"x_elementToProof\" style=\"text-align: center\"><b>Seville, Spain<\/b><\/div>\n<div style=\"text-align: center\"><b>[As Delivered]<\/b><\/div>\n<div class=\"x_elementToProof\"><b><u>\u00a0<\/u><\/b><\/div>\n<div class=\"x_elementToProof\" aria-hidden=\"true\"><\/div>\n<div class=\"x_elementToProof\">\n<p>Your Majesty the King of Spain,<\/p>\n<p>Your Excellency, Pedro S\u00e1nchez, President of the Government of Spain,<\/p>\n<p>Esteemed Heads of State and Government,<\/p>\n<p>United Nations Secretary-General, Ant\u00f3nio Guterres,<\/p>\n<p>&nbsp;<\/p>\n<p>Excellencies,<\/p>\n<p>Ladies and Gentlemen,<\/p>\n<p>&nbsp;<\/p>\n<p>It is an honour to address the Fourth International Conference on Financing for Development.<\/p>\n<p>&nbsp;<\/p>\n<p>I thank the Government and people of Spain for hosting us in Seville.<\/p>\n<p>&nbsp;<\/p>\n<p>Despite the challenges the world face, we meet today at a determining point in history.<\/p>\n<p>&nbsp;<\/p>\n<p>Both for the United Nations, now in its eightieth year, and for the 2030 Agenda for Sustainable Development, which is central to achieving the United Nations\u2019 most foundational aims.<\/p>\n<p>&nbsp;<\/p>\n<p>We are at a unique moment to take the actions necessary to realise our aspirations.<\/p>\n<p>&nbsp;<\/p>\n<p>We have both challenges and opportunities. First and foremost, we need to renew trust in multilateralism with the United Nations at its centre.<\/p>\n<p>&nbsp;<\/p>\n<p>And secondly, we must lay the necessary groundwork to fully achieve the Sustainable Development Goals.<\/p>\n<p>&nbsp;<\/p>\n<p>And to do so, we need,<\/p>\n<p>&nbsp;<\/p>\n<p>The political will of all of us gathered today,<\/p>\n<p>Global solidarity across peoples and nations,<\/p>\n<p>The financial resources that exist and can be channelled towards progress,<\/p>\n<p>but above all, we need leadership.<\/p>\n<p>We need Leadership, to guide us forward into a brighter, more prosperous future for everyone, everywhere.<\/p>\n<p>&nbsp;<\/p>\n<p>This is what this Conference is about.<\/p>\n<p>&nbsp;<\/p>\n<p>Your Excellencies,<\/p>\n<p>&nbsp;<\/p>\n<p>We are now just five years away from the 2030 deadline to achieve the Sustainable Development Goals.<\/p>\n<p>&nbsp;<\/p>\n<p>Yet, the gap to finance them remains vast.<\/p>\n<p>&nbsp;<\/p>\n<p>Global financing needs have grown dramatically since 2015.<\/p>\n<p>&nbsp;<\/p>\n<p>This is especially true for developing countries, which require $4.2 trillion annually to close the financing gap.<\/p>\n<p>&nbsp;<\/p>\n<p>These developing countries are walking a tightrope between<\/p>\n<ul>\n<li>Defaulting on debts,<\/li>\n<\/ul>\n<p>&#8211; Defaulting on their efforts to achieve sustainable development,<\/p>\n<p>&#8211; And defaulting on the promise to provide acceptable standards of living to their people.<\/p>\n<p>&nbsp;<\/p>\n<p>The consequences are serious: 3.3 billion people live in countries that spend more on debt service than on health or education.<\/p>\n<p>&nbsp;<\/p>\n<p>Without urgent action, our promise to leave no one behind will remain unfulfilled.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Your Excellencies,<\/p>\n<p>&nbsp;<\/p>\n<p>We cannot afford to lower our ambition.<\/p>\n<p>&nbsp;<\/p>\n<p>The Pact for the Future adopted in September 2024 by Heads of State commits us to closing the financing gap in developing countries.<\/p>\n<p>&nbsp;<\/p>\n<p>In tandem, the \u201cCompromiso de Sevilla\u201d, and the Sevilla Platform for Action, set a framework of renewed global partnership for the decade to come.<\/p>\n<p>&nbsp;<\/p>\n<p>(BRIEF PAUSE)<\/p>\n<p>Going forward, we must focus on the debt burdens which are derailing countries from the future they deserve.<\/p>\n<p>&nbsp;<\/p>\n<p>Reform of the international financial architecture, as called for in the Pact for the Future, and reinforced in the \u201cCompromiso\u201d, presents options for creating more sustainable debt environments.<\/p>\n<p>&nbsp;<\/p>\n<p>The creation of a twenty-fifth chair at the International Monetary Fund dedicated to sub-Saharan Africa is a welcome step.<\/p>\n<p>&nbsp;<\/p>\n<p>But more must be done.<\/p>\n<p>&nbsp;<\/p>\n<p>We must strengthen the voice and representation of developing countries, not as beneficiaries but as equal partners in shaping their destinies and shaping their future.<\/p>\n<p>&nbsp;<\/p>\n<p>We must enhance fiscal space and lower the cost of capital.<\/p>\n<p>&nbsp;<\/p>\n<p>And we must strengthen cooperation on international tax matters.<\/p>\n<p>&nbsp;<\/p>\n<p>These efforts must include the finalisation of a United Nations framework convention on international tax cooperation.<\/p>\n<p>&nbsp;<\/p>\n<p>An important aspect of this convention is to tackle illicit financial flows which deprive developing countries of $88.6 billion annually.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Throughout our efforts, scaling up climate finance will be critical to our success.<\/p>\n<p>&nbsp;<\/p>\n<p>Climate funds must be <strong><em>additional to<\/em><\/strong> rather than <strong><em>diverted from<\/em><\/strong> other development priorities.<\/p>\n<p>&nbsp;<\/p>\n<p>Projections show developing countries need more than $1 trillion annually to build resilience.<\/p>\n<p>&nbsp;<\/p>\n<p>Each Member State has something to contribute \u2013 whether financing and partnerships, capacity building or even best practices.<\/p>\n<p>&nbsp;<\/p>\n<p>To this end, I urge Member States to follow through in providing 0.7 percent of national income as Official Development Assistance.<\/p>\n<p>&nbsp;<\/p>\n<p>This target was exceeded by only four countries last year namely: Denmark, Luxembourg, Norway, and Sweden.<\/p>\n<p>&nbsp;<\/p>\n<p>I call on others to match this level of commitment.<\/p>\n<p>&nbsp;<\/p>\n<p>If fulfilled, these funds could translate into:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Fewer people going hungry, in a world of plenty.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Fewer people lacking access to education, amid a revolution in online learning.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>And fewer people falling behind in the global pursuit of progress.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Your Excellencies,<\/p>\n<p>&nbsp;<\/p>\n<p>It is time to keep our promises.<\/p>\n<p>&nbsp;<\/p>\n<p>Let us ensure that Seville is remembered for what was set in motion:<\/p>\n<p>&nbsp;<\/p>\n<p>Collective action to provide<\/p>\n<p>additional,<\/p>\n<p>innovative,<\/p>\n<p>adequate,<\/p>\n<p>affordable,<\/p>\n<p>predictable,<\/p>\n<p>and accessible financing for development from all sources, including the private sector.<\/p>\n<p>&nbsp;<\/p>\n<p>In fact, we have no shortage of solutions.<\/p>\n<p>&nbsp;<\/p>\n<p>Let us leave this Conference ready to act, together.<\/p>\n<p>&nbsp;<\/p>\n<p>With hope. With ambition. And with the leadership that this moment demands.<\/p>\n<p>&nbsp;<\/p>\n<p>Thank you.<\/p>\n<\/div>\n<div class=\"x_elementToProof\"><\/div>\n<div class=\"x_elementToProof\"><b>Thank you.<\/b><\/div>\n<div class=\"x_elementToProof\"><b>\u00a0<\/b><\/div>\n<div id=\"x_x_x_x_Signature\"><\/div>\n<p><b>___<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Media Contacts<\/b><\/p>\n<p>Sharon Birch, Spokesperson for the President of the General Assembly, \u00a0M:\u00a0<b>+1 646 342 5873<\/b>, Email:\u00a0<b><u><a id=\"OWA8a35222b-8306-680d-168d-e8a764091937\" class=\"x_x_x_OWAAutoLink\" title=\"mailto:birchs@un.org\" href=\"mailto:birchs@un.org\" data-linkindex=\"0\">birchs@un.org<\/a><\/u><\/b><\/p>\n<p>Dr. Mariam Shaikh, Adviser\/ Social and Digital Media\/Media Relations, M:\u00a0<b>+1 917 361 4990<\/b>, Email:\u00a0<b><u><a id=\"OWA7f813cac-a24a-e347-e4b9-23edfb3a6108\" class=\"x_x_x_OWAAutoLink\" title=\"mailto:mariam.shaikh@un.org\" href=\"mailto:mariam.shaikh@un.org\" data-linkindex=\"1\">mariam.shaikh@un.org<\/a><\/u><\/b><\/p>\n<div>More Information and Updates\u00a0:\u00a0<b><u><a id=\"OWAe8f81f3f-1740-2c44-640e-7a6a7204e9df\" class=\"x_x_x_OWAAutoLink\" title=\"https:\/\/www.un.org\/pga\/79\/\" href=\"https:\/\/www.un.org\/pga\/79\/\" data-auth=\"NotApplicable\" data-linkindex=\"2\">Website<\/a><\/u><\/b>: \u00a0<b><u><a id=\"OWAd095cb29-66d0-1b02-9b3e-fe480cc5a8e7\" class=\"x_x_x_OWAAutoLink\" title=\"Original URL: https:\/\/www.youtube.com\/@Ä¢¹½ÊÓÆµPGA. 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Mr. Philemon Yang at theFourth International Conference on Financing for Development \u2013 Opening Segment\u00a0 \u00a0 30 June 2025 Seville, Spain [&hellip;]<\/p>\n","protected":false},"author":373,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[81,111],"tags":[],"class_list":["post-286692","post","type-post","status-publish","format-standard","hentry","category-blog","category-speeches","et-doesnt-have-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>PGA Remarks at the Fourth International Conference on Financing for Development \u2013 Opening Segment | 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\/79\/2025\/06\/30\/pga-remarks-at-the-fourth-international-conference-on-financing-for-development-opening-segment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PGA Remarks at the Fourth International Conference on Financing for Development \u2013 Opening Segment | General Assembly of the United Nations\" \/>\n<meta property=\"og:description\" content=\"Remarks by the President of the \u00a0Ä¢¹½ÊÓÆµ General Assembly H.E. 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