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Ki- moon hails General Assembly’s endorsement of action plan on post-2015 development financing

Bank Ki-moon briefs the General Assembly. PHOTO:www.un.org

Bank Ki-moon briefs the General Assembly. PHOTO:www.un.org

UN Secretary-General Ban Ki- moon has welcomed the UN General Assembly’s endorsement of the new global action agenda for financing sustainable development adopted two weeks ago.
He was reacting to the endorsement of the outcome of the document adopted at the Third International Conference on Financing for Development, which took place in Addis Ababa, Ethiopia, on July 13-16.

Ki-moon said on Tuesday in New York that the 193-member General Assembly’s move represented a major step that firmly puts the world on the path to a more prosperous and sustainable development.
He said considering the new global agenda adopted in Addis Ababa, and by endorsing the Action Agenda, a new era of cooperation and global partnership has been launched.

He notes that the Action Agenda contains a series of bold measures to overhaul global finance practices and generate investments for tackling a range of economic, social and environmental challenges.

“Only by staying engaged will we ensure that the commitments we endorse today will lead to tangible progress on the ground, in all countries and for all people.’’

While commending UN members states for taking such critical step forward, he said the agency are now firmly on the path to a more prosperous, just and sustainable world for future generations.

Sam Kutesa, President of the UN General Assembly, said the Assembly’s action “would further demonstrate member’s collective commitment towards eradicating poverty, achieving sustainable development and building a better future for all.’’

He urged UN member states to “do whatever it would take to ensure that the Addis Ababa Action Agenda was fully implemented.’’

Kutesa said the Addis Ababa Action Agenda, would be adopted by world leaders in September in New York.

He noted that it contained more than 100 concrete measures addressing all sources of finance, and covering cooperation on a range of issues including technology, science, innovation, trade and capacity building.

Kutesa said the countries in attendance agreed to an array of measures aimed at widening the revenue base, improving tax collection, and combating tax evasion and illicit financial flows.

He said they also reaffirmed their commitment to official development assistance, particularly for the least developed countries, and pledged to increase South-South cooperation.

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