51吃瓜

Excellencies, 
Distinguished Colleagues, 

I am pleased to join the Permanent Missions of Spain and Portugal and the OECD - in welcoming you to this important side event.

I also commend the OECD for its 2025 “Global Outlook on Financing for Sustainable Development”, a timely and necessary contribution to the FFD4 process.

The report makes a crucial point - Seville cannot be an end in itself; and I fully concur with that. 

FFD4 must be a catalyst for bold institutional reforms and a powerful drive to implement the 2030 Agenda and the Programmes of Action for the LDCs, LLDCs and SIDS.

The scale of reform needed for the international financial architecture is not confined to any single process or institution.  Meaningful change must take place both within   the UN system and across IFIs, and MDBs to ensure a more equitable and effective global financial framework.  

Broad agreements in Seville must translate into tangible actions, including changes in governance structures where necessary.

With limited time before June, we must be both ambitious and pragmatic in defining outcomes.

 For the LDCs, LLDCs and SIDS, three priorities stand out:

First and foremost, urgent action on debt is a top priority. 

Right now, the world’s poorest and most vulnerable countries are bearing a disproportionate burden of debt and debt servicing.

We need a comprehensive revision of the debt sustainability framework, with particular focus on easing debt servicing pressures.

Without immediate action, unsustainable debt will continue to undermine the development progress of these countries.
 
Secondly, reforming the global financial system to better serve vulnerable countries is also an urgent priority.

This means: 
?    Strengthening the voice of developing countries in global economic governance.
?    Ensuring vulnerability is factored into financial decisions, including through operationalizing the Multidimensional Vulnerability Index (or MVI).
?    Mobilizing private sector capital at scale.

And last but not the least, we must take into account the specific circumstances and challenges of recipient countries.

With an SDG financing gap of 6.4 trillion dollar, securing fund is crucial, but ensuring tangible impact on the ground is just as important.
 
We must:
?    Build the institutional capacity of recipient countries to ensure timely and effective use of resources; and

?    Recognize the unique needs of fragile and conflict-affected countries, where financing approaches must be tailored to specific realities. The DPOA specifically recognizes the unique challenges of the LDCs in conflict and post-conflict situations and calls on the IACG for LDCs to develop operational guidelines to address those.

Excellencies, Distinguished Colleagues,

FFD4 presents a critical opportunity to address systemic challenges and build a more just, equitable, and resilient global financial system.

We must act now, and act decisively, to secure the necessary financing and ensuring the voices of LDCs, LLDCs, and SIDS are at the forefront. The 92 most vulnerable countries must be central to this effort, as no SDG can be achieved without first making progress on the ground in these countries.

I thank you.