Chair,
Between every year that we meet in this committee, the urgency of bridging the SDG financing gap is increasing.
With the Compromiso de Sevilla we now have a common framework for:
- Reforming the international financial architecture,
- Catalyzing investments at scale,
- Mobilizing finance from a variety of sources, and
- Addressing debt challenges.
Going forward, our main focus must be on implementation, here in the UN, in the international financial institutions, and at home in our capitals.
Norway is committed to doing its part.
In our efforts to ensure that finance flows to where it is most needed, we remain steadfastly committed to curbing illicit financial flows, preventing tax evasion and avoidance, combating secrecy and corruption.
We reaffirm our ambition to double support for developing countries’ domestic revenue mobilization by 2030, as agreed in Sevilla.
Norway is committed to contributing to effective and widely supported solutions in the UN Framework Convention on Tax.
In the broader global economic governance, we support broadening and enhancing the voice and representation of developing countries.
We must deliver on the debt related commitments from Sevilla, which is a package of actions intended to lower cost of borrowing, free up urgently needed resources for development, enhance the voice of borrower countries and prevent future debt crises.
Norway welcomes the G20 Common Framework improvement proposals. We look forward to the UN, IMF and World Bank working together to consolidate global guiding principles on responsible borrowing and lending.
With regards to official development cooperation, Norway has consistently met its commitment of providing more than 0.7 percent of GNI as ODA and we will continue to be a reliable partner.
We cannot succeed without the economic empowerment of women. Norway will promote this as a cross-cutting matter in all our deliberations.
Chair,
In order to realize our collective ambitions and rebuild trust,
let us not forget the words from Sevilla: we cannot afford a retreat from multilateral cooperation.
Let us, also under the macroeconomic agenda item, embrace the UNGA80 theme: better together.
I thank you.