GA / FINANCING FOR DEVELOPMENT

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Speaking to a General Assembly High-level Dialogue on Financing for Development, Secretary-General Ban Ki-moon expressed deep concern about the recent decline in official development assistance (ODA) and said that “for many developing countries, and in particular the most vulnerable, predictable levels of ODA remain critical.” UNTV
Description

STORY: GA / FINANCING FOR DEVELOPMENT
TRT: 2.03
SOURCE: UNTV
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 7 OCTOBER 2013, NEW YORK CITY / FILE

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Shotlist

1. Wide shot, exterior United Nations headquarters

7 OCTOBER 2013, NEW YORK CITY

2. Wide shot, General Assembly
3. SOUNDBITE (English) Ban Ki-moon, United Nations Secretary-General :
“I am deeply concerned about the recent decline in official development assistance. For many developing countries, and in particular the most vulnerable, predictable levels of ODA remain critical. I encourage all countries to fulfil their pledges and meet their ODA targets, including through the principles and actions set out in the Busan Partnership. But we know that international public finance will not be sufficient to build a more sustainable and prosperous world.”
4. Med shot, audience
5. SOUNDBITE (English) Ban Ki-moon, United Nations Secretary-General :
“We are all aware of the constraints on finance today, and yet the successes of the MDGs and other development initiatives clearly show that smart investments will make a lasting difference in the lives of families, communities and societies.”
6. Med shot, audience
7. SOUNDBITE (English) John William Ashe, President of the United Nations General Assembly:
“Among the consequences of the weak and fragile state of the global economy are continued high levels of unemployment and underemployment across the world and the slow pace of poverty reduction. What is more, while we must acknowledge that in net terms, official development assistance levels have risen in a few countries, including the non-traditional donors, overall the perilous state of finance in many countries has led to a fall in official development assistance. In turn, this has meant a narrowing of fiscal space for investment in areas that are critical for achieving the MDGs and for financing sustainable development activities in its economic, social and environmental dimensions.”
8. Wide shot, General Assembly

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Storyline

Secretary-General Ban Ki-moon today (7 October) expressed deep concern about the recent decline in official development assistance (ODA).

Speaking to a General Assembly High-level Dialogue on Financing for Development, the Secretary-General said that “for many developing countries, and in particular the most vulnerable, predictable levels of ODA remain critical.”

He encouraged all countries “to fulfil their pledges and meet their ODA targets” including those established on the 2011 Busan Partnership for Effective Development Co-operation.

Ban said that “we are all aware of the constraints on finance today,” and yet the successes of the Millennium Development Goals (MDGs) and other development initiatives “clearly show that smart investments will make a lasting difference in the lives of families, communities and societies.”

In his address to meeting, General Assembly President John William Ashe noted that “among the consequences of the weak and fragile state of the global economy are continued high levels of unemployment and underemployment across the world and the slow pace of poverty reduction.”

Ashe said that “while we must acknowledge that in net terms, official development assistance levels have risen in a few countries, including the non-traditional donors, overall the perilous state of finance in many countries has led to a fall in official development assistance.”

The GA President added that “this has meant a narrowing of fiscal space for investment in areas that are critical for achieving the MDGs and for financing sustainable development activities in its economic, social and environmental dimensions.”

The overall theme the of the high-level dialogue is “The Monterrey Consensus, Doha Declaration on Financing for Development and related outcomes of major UN conferences and summits: status of implementation and tasks ahead.”

The Monterrey Consensus, adopted in that Mexican city in 2002, is a landmark partnership agreement for global development. It covered a number of topics, including domestic resource mobilization, foreign direct investment (FDI), trade, official development assistance (ODA), debt relief and systemic issues.

It was followed in 2008 by the Doha Declaration, which emphasized, among other things, the need to urgently meet the agreed ODA target of 0.7 per cent of donor countries' gross national income (GNI), and underscored the importance of strengthening the World Trade Organization (WTO) with special and differential treatment for developing countries.

The current ODA is around 0.31 per cent of national income of developed countries, according to UN figures.

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