Media Home
UN Web TV
UN Audiovisual Library
UN PhotoUnifeed
UN / FINANCING FOR DEVELOPMENT
STORY: UN / FINANCING FOR DEVELOPMENT
TRT: 02:41
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGES: ENGLISH / NATS
DATELINE: 17 APRIL 2023, NEW YORK CITY / FILE
RECENT – NEW YORK CITY
1. Wide shot, United Nations Headquarters
17 APRIL 2023, NEW YORK CITY
2. Wide shot, meeting room
3. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“In the longer term, we will not solve today’s challenges by relying on the financial system that helped to cause them. The global financial architecture was created for a world that no longer exists. It cannot address the challenges faced today by developing countries. Let’s be honest: it has failed countries at their moment of greatest need.”
4. Wide shot, meeting room
5. SOUNDBITE (English) António Guterres, Secretary-General, United Nation:
“The ECOSOC Forum on Financing for Development and the High-Level Political Forum are important platforms to chart a new course. They must pave the way for the decisions to be taken at the SDG Summit in September, and the Summit of the Future next year. I urge all countries to play their part at this crucial moment. We need engagement and support from all corners of the world to renew the international financial architecture for the challenges of today and tomorrow.”
6. Wide shot, meeting room
7. SOUNDBITE (English) Csaba Kőrösi, President of the General Assembly:
“The lack of a coordinated international response has led to a significant decline in global economic growth, in rising inflation, and a looming debt crisis. A crisis which is heavily impacting developing countries. More than half of these states are in debt distress as a result of declining revenues, even as debt repayment dues and interest rates rise and borrowing costs soar.”
8. Wide shot, meeting room
9. SOUNDBITE (English) Lachezara Stoeva, President of the seventy-eight President of the Economic and Social Council and Permanent Representative of Bulgaria to the United Nations:
“Events over the past year – the Russian aggression against Ukraine, sharp increases in food and energy prices and rapidly tightening financial conditions – have exacerbated these divides.
The development impacts are emerging clearly. Almost three decades of progress in poverty reduction have been reversed. The number of people facing acute food insecurity has more than doubled compared to pre-pandemic levels.”
10. Various shots, representatives speaking
Opening the 2023 ECOSOC Financing for Development (FfD) Forum today (17 Apr) in New York, UN Secretary-General António Guterres, said, “The global financial architecture was created for a world that no longer exists. It cannot address the challenges faced today by developing countries.”
He continued, “Let’s be honest: it has failed countries at their moment of greatest need.”
According to him, the ECOSOC Forum on Financing for Development and the High-Level Political Forum are important platforms “to chart a new course”.
He said, “They must pave the way for the decisions to be taken at the SDG Summit in September, and the Summit of the Future next year. I urge all countries to play their part at this crucial moment.”
The Secretary-General concluded, “We need engagement and support from all corners of the world to renew the international financial architecture for the challenges of today and tomorrow.”
Csaba Kőrösi, President of the 77th session of the General Assembly, said, “The lack of a coordinated international response has led to a significant decline in global economic growth, in rising inflation, and a looming debt crisis. A crisis which is heavily impacting developing countries.”
He continued, “More than half of these states are in debt distress as a result of declining revenues, even as debt repayment dues and interest rates rise and borrowing costs soar.”
The Forum, with its universal participation, will seek to develop immediate and longer-term measures that are urgently needed to effectively finance responses to the multiple overlapping crises while scaling up investments in the SDGs.
Lachezara Stoeva, Bulgarian Ambassador, who is the President of the seventy-eight President of the Economic and Social Council, noted, “Events over the past year – the Russian aggression against Ukraine, sharp increases in food and energy prices and rapidly tightening financial conditions – have exacerbated these divides.”
She also said, “Almost three decades of progress in poverty reduction have been reversed.”
Stoeva noted, “The number of people facing acute food insecurity has more than doubled compared to pre-pandemic levels.”
The Forum takes place at UN Headquarters in New York from 17 to 20 April.
Download
There is no media available to download.
