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  1. Dec 2021
    1. Financial inclusion is a problem even in the rich world: one in five Americans were either unbanked or underbanked in 2018. Small firms regularly struggle to access finance.

      Good illustraiton of lack of financial inclusion

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  2. Sep 2021
    1. As both an LDC and LLDC, Nepal’s structural challenges are unique. We see our plan to graduate from the LDC category by 2026 as an opportunity to bring structural transformation and make the long-held national aspiration of graduation smooth, sustainable, and irreversible
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    1. We are also committed to working with partners in new areas such as green finance and clean energy solutions.26. And we look forward to substantive outcomes at the upcoming UN Climate Change Conference (COP26) in Glasgow
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    1. In addition, the economic devastation in developing countries from the pandemic is yet to be addressed bymeaningful economic and financial measures
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    1. The Cuban people are forced to carve out their sustainable development under the burden of the illegal, unilateral economic, commercial and financial embargo.
    2. I wish to propose 4 areas for the reform and strengthening of the multilateral system:We call for a genuine commitment to address the systemic issueswhich undermine the achievement of our agreed development goals. The continued in-eli-gi-bility of SIDS from accessing concessional finance, leaves us in a vicious cycle of disaster or crisis recovery-borrowing leading to unsustainable levels of debt
    1. In their effortstocombat these changes,SIDShave been unableto access climate finance at the pace and scale necessary.
    2. The pandemic has demonstrated how quickly our development gains can be erodedand that much more needsto be done by the international community to secure a resilient future for the most vulnerable. We must retain hope in our ability to meet the targets for the SDGs, even with adjusted timelines
    1. This organized theft and illegal transfer of assets has profound consequences for the developing nations. It depletes their already meagre resources, accentuates the levels of poverty especially when laundered money puts pressure on the currency and leads to its devaluation.
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    1. We echothe Secretary General’s Call to Action for Human Rights and we agree that an adequate fundingof the UN human rights pillar from the UN regular budget must be secured
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    1. We have decided to use resources previously earmarked for training Afghan security and defence forces for humanitarian purposes
    2. The fight againstclimate change requires multilateral engagement and pragmatic cooperation among all major global players -both rich and emerging economies.We must act in an effective, coordinated and simultaneousmanner, whilst alwaysrespectingnational specificities.We intend to reacha global agreement to stop the use of coal as soon as possible, and, consistently with this objective, block the financing of newprojectsof this kind.We want to eliminate subsidiesfor fossil fuels and promote the use ofrenewable sources
    3. We supported the decision by the International Monetary Fund to issue new Special Drawing Rights for a total of $650 billion.Of these resources, $33 billion are destined toAfrican countries,and we are working to further increase this share.We have accelerated the refinancing of 'IDA-20', the World Bank's fund for the poorest countries.The Italian Presidency intends to facilitate comprehensive and sustainable debt restructuring in countries with excessive debt levels
    4. We need to increase the availability of vaccines for poor countries and overcome logisticalhurdles to distribute themwhere they are most needed.Furthermore, we mustpreserveat the global levelthe free circulation of vaccinesand of the raw materials needed to produce them.Italy givesitsfull political and financial support to the COVAX Facility.We intend to triple our donations from 15 to 45 milliondosesby the end of 2021
    1. Over the past three decades, the U.N. General Assembly has consistently voted against unilateral coercive measures through economic, commercial and financial blockade of Cuba but to no avail.
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    1. It is imperative that we work together to build consensus and cohesion in respect of the plight of those facing threats of an existential nature, most notably SIDS.Our vulnerabilities are well known and they need not be expounded on here. What needs to bestressed, however, is that a “one-size-fits-all” approach to debt relief and concessionary financial flows is
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    1. NotwithstandingthestructuralconstraintstodevelopmentfacedbyLDCs,UgandahasregisteredprogressinimplementingtheIstanbulProgrammeofAction,inparticular,nationalpavedroadnetworkincreased;accessibilitytoelectricityandinnovationsaswellastheuseofmobiletechnologyforfinancialtransactionsincreased
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    1. The 2030 Agenda will remain unattainable until all countries have the financial capacity to invest in a sustainable and inclusive future.
    2. Access to green financing and green technologieswill be critical to this transition, and we look to the upcoming COP26 conference inGlasgowfor clear commitment on these issues.Without ambitious green financing, ambitious climate action is empty
    1. industrialized countries should use these resources to create a mechanism to channel the quotas they have received to middle-and low-income countries, giving them access to concessionary funds.In such a mechanism, multilateral financial organizations would play a keyrole, thus ensuring that these resources reach the countries that really need them
    2. n the interest of maintaining social peace, we are urged to find a solution to the enormous indebtedness that middle-income countries have been forced into to deal with the economic and social ravages generated by the pandemic.There is currently no mechanism for access to concessional financing that allows these countries to solve this liquidity crisis. To overcome this challenge, we are forced to look for new and urgent solutions
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    1. he climate financing gap remains a key challenge to implementing our mitigation and adaptation measures accordingly syrian joins other least developing countries developed countries in calling for a green climate fund to meet the 100 billion dollars target to support the mitigation and adaptation plans of developing countries
    2. mr president in sierra leone through our quick action economic response program we are building fiscal resilience by investing in agriculture human capital development and expanding productivity through economic diversification but we believe our post-covered recovery will be anchored in increased a private sector investments international trade and development financing
    3. the coffee 19 pandemic has disrupted lives and economies constrained development due to repurposing of development finance and the withholding of private capital escalated the threat of climate change food insecurity broaden the inequality inequalities and justice and increased fragilities nations risk not meeting the sustainable development goals and building resilience against future shocks
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    1. In the context of its Pro-Tempore Presidency of the Economic Commission for Latin America and the Caribbean (ECLAC), Costa Rica has proposed the creation of the Fund to Alleviate the COVID-19 Economy (FACE). This is an extraordinarysupport fund of nearly half a trillion dollars, funded by 0.7% of the Gross Domestic Product of the largest and most robust economies in the world -those representing80% of world GDP -, to be intermediated by multilateral development banks, as concessional loans to developing countries
    2. Creating a $650 billion fund in Special Drawing Rights is a step in the right direction, but it is not enough. More than 40% of this amount is allocated toalreadyrich countries, andonly 1%of those resources have been allocated for the people of developing countries.
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    1. In April, I announced the United States will double our public international financing to help developing nations tackle the climate crisis.  And today, I’m proud to announce that we’ll work with the Congress to double that number again, including for adaptation efforts. This will make the United States a leader in public climate finance.  And with our added support, together with increased private capital and other — from other donors, we’ll be able to meet the goal of mobilizing $100 billion to support climate action in developing nations.

      Increased financial commitment to tackle climate change. Just three days ago, US was called out for not complying with its financial commitments related to climate change by Von der Leyen in the EU State of the Union address (“My message today is that Europe is ready to do more,” she said. “But we expect the United States and our partners to step up too.”)

    1. В этой связи, призываем двусторонних и многосторонних кредиторов поддержать инициативы по облегчению внешнего долга в обмен на жизненно важные проекты устойчивого развития Кыргызстана.

      In this regard, we urge bilateral and multilateral lenders to support initiatives to ease external debt in exchange for vital sustainable development projects in Kyrgyzstan.

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    1. I renew my call for a reformed, and more equitable international debt architecture. The Debt Service Suspension Initiative must be extended to 2022 and should be available to all highly indebted vulnerable andmiddle-income countries that request it. This would be solidarity in action. Countries shouldn’t have to choose between servicing debt and serving people.
    2. I welcome the issuance of $650 billion in Special Drawing Rights by the International Monetary Fund. But these SDRs are largely going to the countries that need them least. Advanced economies should reallocate their surplus SDRs to countries in need. SDRs are not a silver bullet. But they provide space for sustainable recovery and growth.
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