COVID-19 has turned our world upside down.
It has magnified the challenges to reach the Sustainable Development Goals.
The European Union is working towards a green, digital, fair, and resilient recovery.
Last May, the President of the European Commission, Ursula von der Leyen, called for a Global Recovery Initiative, linking debt relief and investment to the SDGs.
Because needs have increased and resources have declined. And this calls for urgent and immediate action.
Team Europe has mobilised more than 40 billion euros to support the COVID responses of EU partner countries.
This support has allowed governments to strengthen health and social protection spending.
We have also driven global debt relief efforts.
And, we have worked hard for vaccine solidarity through COVAX.
We, the international community, must still do more.
We must allow debt to return to sustainable levels.
We must incentivise the green and digital transitions.
Building back better means tackling the global inequalities.
The EU is the world’s leading donor of Official Development Assistance.
But ODA alone cannot fill the SDG financing gap.
Long-term, sustainable recovery requires both public and private resources.
Resources channelled to the right investment opportunities.
Integrated National Financing Frameworks support countries as they design financing strategies.
The first Total Official Support for Sustainable Development dataset provides more transparency on available resources.
And I am proud that we have become the largest grant provider to domestic resource mobilisation.
This is in line with the commitment we took under the Addis Tax Initiative.
We need to raise more revenue, and just as importantly, we need to fight tax evasion, illicit financial flows and corruption.
Right now, when it seems like the 2030 Agenda is almost out of reach, we must remember one thing.
We are in this together.
So, as partners, let us continue to pull together for a global recovery that leaves no one behind.