Prime Minister KP Sharma Oli has called for reforms in the international financial system. He said this during his address to the closing plenary of the Civil Society Forum for FFD4 in Spain.
PM Oli, who is on an official visit to Spain to attend the United Nations (UN)’s “Fourth International Conference on Financing for Development (FFD4)”, stressed the need for developed countries to translate their commitments for financial investment to action.
Furthermore, he urged the civil society to consistently raise their voice for development assistance, debt sustainability and international financial system reforms. “You are not merely the participants of the conference, but also the catalyst and strong voice for change. Your advocacy and voice can contribute to bringing tangible changes”, he said: Nepal is advancing to development and prosperity being emboldened by the norms and values of good governance, rule of law and democracy.
“Nepal has a clear stance that the global investment should be made based on inclusion, necessity and proportionality. I appreciate the civil society’s global partnership and participation”. Noting that civil society’s advocacy will enable the people, planet and shared responsibility, PM Oli called for the civil society to take initiative toward building an equitable and sustainable future by leaving no one behind.
At another program, the PM said all should discharge the shared responsibility for creating decent job opportunities through mobilization of the private sector capital, promoting inclusive growth and exploring sources for development. The declaration endorsed by the Civil Society Forum will be adopted by the ‘Fourth International Conference on Financing for Development’.
