{"id":277451,"date":"2024-04-22T15:26:21","date_gmt":"2024-04-22T19:26:21","guid":{"rendered":"https:\/\/www.un.org\/pga\/78\/?p=277451"},"modified":"2024-07-12T16:07:14","modified_gmt":"2024-07-12T20:07:14","slug":"spokespersons-briefing-22-april-2024","status":"publish","type":"post","link":"https:\/\/www.un.org\/pga\/78\/2024\/04\/22\/spokespersons-briefing-22-april-2024\/","title":{"rendered":"Spokesperson’s Briefing – 22 April 2024"},"content":{"rendered":"
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PRESS BRIEFING <\/strong><\/p>\n BY MONICA GRAYLEY,\u00a0<\/strong><\/p>\n SPOKESPERSON FOR\u00a0GENERAL ASSEMBLY\u00a0<\/strong><\/p>\n PRESIDENT DENNIS FRANCIS<\/strong><\/p>\n United Nations Headquarters, New York<\/strong><\/p>\n 22 April 2024<\/p>\n Video link<\/a><\/p>\n \u00a0<\/strong><\/p>\n FINANCING FOR DEVELOPMENT ABSOLUTELY ESSENTIAL TO SDGs, PGA SAYS <\/strong><\/p>\n This morning, the President of the General Assembly, Mr. Dennis Francis, spoke at the Opening Segment of the 2024 ECOSOC Forum on Financing for Development.<\/p>\n In his remarks, the PGA highlighted that \u201cdevelopment finance is more needed than ever \u2013 particularly for countries in the Global South.\u201d<\/p>\n President Francis recalled that last year alone, the global public debt reached a staggering US $313 trillion, and that \u201cdeveloping countries are paying twice as much in interest on their total sovereign debt stocks than developed nations\u201d.<\/p>\n This is one of the reasons \u201cmore than 100 countries have been forced to make the unfortunate choice between servicing their debt \u2013 investing in their development, in other words, in their people.\u201d<\/p>\n The theme of debt sustainability and equality for all and its correlation with sustainable development was one of the topics discussed during Sustainability Week.<\/p>\n The PGA has also reiterated his call for a reform of the international financial architecture, which was established in 1945 and \u201cis constraining access to critically needed development finance\u201d.<\/p>\n President Francis concluded by saying that \u201cFinancing for development is absolutely essential \u2013 if we are to achieve the SDGs and thus realise a safer, more equitable future.\u201d<\/p>\n