Thu, 01 Dec 2022

Lao Deputy Prime Minister and Foreign Minister Saleumxay Kommasith told the gathering that his government presented two voluntary national reviews detailing progress in and challenges to the implementation of the Sustainable Development Goals through its National Socioeconomic Development Plans, 2030 Vision and Green Growth Strategy.

Stressing that the existing global economic and financial architecture is "weighed against developing countries," James Marape, prime minister of Papua New Guinea, urged structural change.

He supported fellow small island developing states' call for consideration of their development financing needs by taking into account their dimensions of vulnerability rather than their gross national income and urged the international community to support the proposed SIDS (small island developing states) Multi Vulnerability Index.

Deputy Prime Minister and Minister for Foreign Affairs of Ethiopia Demeke Mekonnen Hassen emphasized the importance of implementing the Sustainable Development Goals, while underlining the importance of reforming the global financial architecture to ensure more equitable, speedy and collaborative cooperation based on the needs and potential of least developed countries.

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Argentine President Alberto Fernandez noted that the international community "must abandon the economic and financial practices that the developed world has forced on the developing one," as maintaining the status quo will only increase poverty and marginalization.

He added that the international community "must advance a form of development that benefits all," and cooperation is needed to address urgent challenges such as climate change, biodiversity loss and plastic pollution.

"For least developing countries like the Solomon Islands, vulnerability is a key hindrance to sustainable development," said Solomon Islands Prime Minister Manasseh Sogavare, underlining the "inadequacy of indicators to measure vulnerability."

He thus called on all states and partners to support the development and adoption of a multidimensional vulnerability index.

The international community has given thumbs-up to the GDI.

Munir Akram, chairperson of the Group of 77 and China, and also Pakistani permanent representative to the UN, said the GDI is "timely" for developing countries struggling with food shortages, climate change, and insufficient financing.

"The holistic Global Development Initiative is a valued contribution to addressing common challenges and accelerating the transition to a more sustainable and inclusive future," UN Secretary-General Antonio Guterres said in his video remarks to the ministerial meeting of the Group of Friends of the Global Development Initiative, which was held on Sept. 20.

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