UN / FINANCING FOR DEVELOPMENT

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15-Apr-2019 00:02:29
Speaking at a meeting on financing for development, UN chief António Guterres said, “we need more money to implement the Sustainable Development Goals,” adding that “everyone, and particularly developed countries, must meet their commitments in full” for the Addis Ababa Action Agenda. UNIFEED

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STORY: UN / FINANCING FOR DEVELOPMENT
TRT: 2:29
SOURCE: UNIFEED
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LANGUAGE: ENGLISH / NATS

DATELINE: 15 APRIL 2019, NEW YORK CITY

SHOTLIST:

RECENT – NEW YORK CITY

1.Wide shot, exterior, United Nations

15 APRIL 2019, NEW YORK CITY

2.Various shots, conference room
3. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“We need more money to implement the Sustainable Development Goals. The Addis Ababa Action Agenda is our blueprint for the global partnership to finance sustainable development. Everyone, and particularly developed countries, must meet their commitments in full.”
4. Wide shot, conference room
5. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“Development aid remains essential, especially for the poorest countries, but we should not disregard supporting domestic mobilization of resources. This means increasing tax revenue. That also requires the international community to do much more to fight the tax evasion, money laundering and illicit financial flows that undermine this effort. These measures alone, if successful, would be enough to finance the public services that are essential to achieve the SDGs, in some emerging market economies.”
6.Wide shot, conference room
7. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“We must also increase access to finance, which can be a critical gap for women and micro, small and medium-sized enterprises. New financial technologies, institutions and markets have great potential to extend financial inclusion and facilitate investment.”
8.Wide shot, conference room
9.SOUNDBITE (English) Tao Zhang, Deputy Managing Director, IMF:
“No issue looms larger than trade. We must cooperate to resolve trade tensions and organize the rule-based multilateral trade system. Free, fair and neutrally beneficial goods and services, trade and investment are key engines for growth and job creation.”
10. Wide shot, conference room
11. SOUNDBITE (English) Mahmoud Mohieldin, Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships, World Bank Group:
“Business as usual, simply put, will not get us into ending extreme poverty by 2030. The aspirational motive of, and objective of leaving no one behind will not be realized. There will be hundreds of millions of people suffering from extreme poverty by 2030 if business remains as we do it today.”
12. Wide shot, conference room

STORYLINE:

Speaking at a meeting on financing for development, UN chief António Guterres said, “we need more money to implement the Sustainable Development Goals,” adding that “everyone, and particularly developed countries, must meet their commitments in full” for the Addis Ababa Action Agenda.

Speaking to delegates at a Financing for Development Forum today (15 Apr) , UN Secretary-General António Guterres noted that there are tools to tackle poverty, inequality, climate change and environmental pressures. They are the great multilateral agreements reached in 2015: the 2030 Agenda for Sustainable Development, the Addis Ababa Agenda for Action, and the Paris Agreement on climate change.

A recent study by the International Monetary Fund (IMF) found that developing countries face an average annual funding gap of some $2.6 trillion of investment in health, education, roads, electricity, water and sanitation. For low-income developing countries, this means additional annual spending that can amount to as much as 15 percent of their Gross Domestic Product.

Guterres said, “development aid remains essential, especially for the poorest countries, but we should not disregard supporting domestic mobilization of resources. This means increasing tax revenue. That also requires the international community to do much more to fight the tax evasion, money laundering and illicit financial flows that undermine this effort.”

The UN chief added, “these measures alone, if successful, would be enough to finance the public services that are essential to achieve the SDGs, in some emerging market economies.”

Guterres also noted that policy frameworks are key to reducing risks, creating an enabling business environment, incentivizing investment in public goals, and aligning financial systems with long-term sustainable development.

He reiterated, “we must also increase access to finance, which can be a critical gap for women and micro, small and medium-sized enterprises. New financial technologies, institutions and markets have great potential to extend financial inclusion and facilitate investment.”

Tao Zhang, IMF’s Deputy Managing Director said, “no issue looms larger than trade. We must cooperate to resolve trade tensions and organize the rule-based multilateral trade system.”

He added, “free, fair and neutrally beneficial goods and services, trade and investment are key engines for growth and job creation.”

Also speaking at the meeting, Mahmoud Mohieldin, a senior official from World Bank Group said “business as usual, simply put, will not get us into ending extreme poverty by 2030.”

Mohieldin added “the aspirational motive of, and objective of leaving no one behind will not be realized. There will be hundreds of millions of people suffering from extreme poverty by 2030 if business remains as we do it today.”

The ECOSOC Forum on Financing for Development follow-up (FfD Forum) is an intergovernmental process with universal participation mandated to review the Addis Ababa Action Agenda (Addis Agenda) and other financing for development outcomes and the means of implementation of the Sustainable Development Goals (SDGs). The fourth FfD Forum is held in New York from 15 – 18 April 2019.
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