UN General Assembly: Int’l financial architecture ‘out of sync’ with developing countries’ SDG needs – Pres Ali – Guyana Times
For developing countries to achieve their Sustainable Development Goals (SDGs) by the 2030 timeline, President Dr Irfaan Ali highlighted the need for greater finances as he drew attention to the failure of the international community to deliver on these commitments.
“The increased cost of financing, rising debt to GDP, and unsustainable balance sheets have placed the developing world in a precarious situation,” Ali contended.
A major part of the problem, according to the Guyanese leader, has been a lack of progress on Goal 17, which speaks to revitalising the global partnership for sustainable development. He identified that there has been a failure on the part of the international community to deliver on its commitments.
“We will not have a world where everyone everywhere enjoys their full human rights, peace, and security and is free from poverty and hunger unless the right to development is realised and respected. Guyana believes that significant progress can only be made in achieving the SDGs if national efforts are matched by commitments being fulfilled, and if an international environment is created that fosters progress for all.”
Dr Singh used the occasion to push for affordable financing for Guyana, noting that this means a redoubled global commitment. Notwithstanding these financial constraints, however, he made it clear that Guyana has made progress on the SDGs. According to Singh, the Government has invested in infrastructure to deliver water to over 30,000 residents in the hinterland. As such, the proportion of the hinterland with access to safe water has gone from 33.8 per cent in 2019 to 75 per cent as of the end of 2022.
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