Delegation of the European Union
to the United Nations - New York

EU Statement by Commissioner Mimica – United Nations ECOSOC: Financing for Development Forum

New York, 23/04/2018 - 18:43, UNIQUE ID: 180430_8
Statements on behalf of the EU

23 April 2018, New York – European Union Statement by Neven Mimica, European Commissioner for International Cooperation and Development at the United Nations ECOSOC Financing for Development Forum

Madam President,

Your Excellencies,

Distinguished Guests,

Ladies and Gentlemen,

 

It is my pleasure to speak on behalf of the European Union and its Member States.

 

Let me begin by welcoming the new report from the Inter-Agency Task Force, which provides a robust and well-balanced basis for further reflection.

 

The Addis Ababa Action Agenda is an integral part of the 2030 Agenda for Sustainable Development. We must continue to emphasize the paradigm shift it represents, including through a strong message at the High Level Political Forum.

 

Addis rightly places domestic action and national governments at the forefront. Because good policies are as important as adequate financing.

 

Public leadership is essential for providing the right policies, promoting coherence, overcoming structural constraints, and ensuring good governance and accountability.

 

National authorities must create an enabling environment for inclusive growth, social development, environmental sustainability, and gender equality. And develop robust mechanisms for assessing progress and gaps.

 

Global leadership is just as crucial at this time of growing trade tensions. The European Union firmly believes in the central role of a fair and open rules-based multilateral trading system, underpinned by the World Trade Organisation, and its crucial contribution to development.

 

Let me also reiterate the European Union’s commitment to international conventions and agreements – including the Paris Agreement – without which the sustainable development of our planet cannot materialize.

 

Addis underlines that we need to mobilise both financial and non-financial means of implementation – all actors and sources of support.

 

Since I last addressed this Forum, the European Union and its Member States have adopted a new European Consensus on Development and, earlier today, we launched our report "Investing in Sustainable Development".  This demonstrates how the European Union – together with our partners across the globe – is turning commitments into actions, in every action area of the Addis Agenda.

 

Last week, the OECD reconfirmed the European Union as the leading provider of development assistance globally. Development assistance will continue to play an essential role towards sustainable development, in particular for Least Developed Countries.

 

We are determined to continue to show leadership in this respect, to work towards our collectively agreed targets and according to the principles of development effectiveness.

 

We also need to look beyond Official Development Assistance and consider ‘total official support for sustainable development’ – to better measure, acknowledge and incentivise broader efforts to reduce poverty and achieve sustainable development.

 

Addis also encourages us to use our ODA in a much smarter wayas a catalyst to mobilise additional funding from other public and private sources.

 

Our new European External Investment Plan aims to do just that. With just over 4 billion euros from the EU budget, we expect to generate at least 44 billion euros of additional investment in higher risk sectors and states in Africa and our neighbourhood, with a focus on creating decent and sustainable jobs.

 

Our ‘Investing in Sustainable Development Report’ contains this and many other good examples.

 

It is our contribution to this important Forum, and a proof of our commitment to transparency, accountability and systematic monitoring. I hope it will inspire further discussion across and beyond the development community.

 

The 2030 and Addis Agendas are an ambitious framework to address the challenges of our generation and the next. The European Union will be equally ambitious in using all of its tools and resources today, to ensure a more sustainable tomorrow for all.

 

Thank you.

Editorial Sections: