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Statement by Hon. Shehan Semasinghe, State Minister of Finance at the ESCAP High Level side event: “Rethinking public debt policies for the SDGs: Regional perspectives”

Tuesday, 18 April 2023

Let me thank all the five UN Regional Commissions for  organizing this event and giving us the opportunity to exchange views on a topic which is at the heart of the challenge developing countries face in realizing Agenda 2030. It is public debt and its impact on achieving the SDGs.

Statement by Mr. Shehan Semasinghe, State Minister of Finance of Sri Lanka at the UN ECOSOC Financing for Development (FfD) Forum

Monday, 17 April 2023

Madam Chair,

We meet at a time when the development agenda that we embarked on in 2015 seems to have regressed and is in danger of remaining unachieved in 2030. Even before the pandemic, the development agenda was somewhat constrained due to a multitude of factors. These factors have exacerbated due to a combination of events stemming from the pandemic to the conflict in Ukraine and climate change. Multilateralism and multilateral organizations as well as the process of globalization have today come under threat due to the perception that institutions committed to delivering the Development Agenda have not achieved their milestones. The lack of adequate and sustainable financing remains the primary and key challenge today that many states face in meeting the targets of the 2030 Agenda.