Photo: M.B. Haga/UD.Photo: M.B. Haga/UD

Norway to lead UN work on financing for development

Last updated: 2/14/2014 // -This is a challenging and important task that gives Norway an opportunity to help ensure that the UN’s new development agenda is achieved, said Norway’s Minister of Foreign Affairs Børge Brende.

The international community has started work on the new sustainable development goals for the period beyond 2015. The most important will be poverty eradication and secure sustainable development. The work on the next generation of financing for development is also starting now, led by Norway and Guyana.  

-Norway has been asked to play a key role because we enjoy considerable credibility in the UN. We have relevant experience and have achieved good results in similar processes. This work will also strengthen our profile as a constructive contributor to an effective UN. Financing is vital for the achievement of the ambitious goals that will be set. This will be a test of the international community’s willingness to meet the new sustainable development goals, said Mr Brende.

Official development assistance is important, but other factors will also be discussed. International investment, trade, illicit financial flows, good governance, debt cancellation and effective management will be on the agenda. It is also important that developing countries themselves give priority to development measures in their own budgets and that middle-income countries take on more responsibility for their own and other countries’ development.

-It is also important for Norway to highlight the obligations of rich countries in terms of aid. We must all do our share in this international team effort to bring about sustainable global development, but we must also be willing to think along new lines and find new sources of financing. It is particularly important to achieve closer cooperation between the public and private sectors, said Mr Brende.

Norway’s Permanent Representative to the United Nations, Mr. Geir O. Pedersen will lead the work on behalf of Norway.

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