Madrid: Prime Minister KP Sharma Oli has emphasized the need for reforms in the international financial system. He articulated this point during his address at the closing plenary of the Civil Society Forum for the Fourth International Conference on Financing for Development (FFD4), where he participated as the chief guest.
According to National News Agency Nepal, PM Oli, who is on an official visit to Spain for the United Nations’ FFD4, called on developed countries to honor their commitments to financial investment by taking concrete actions. He urged the civil society to consistently advocate for development assistance, debt sustainability, and reforms in the international financial system.
Addressing the attendees, PM Oli stated, “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 bring tangible changes.” He highlighted Nepal’s progress towards development and prosperity, grounded in the principles of good g
overnance, rule of law, and democracy.
PM Oli further asserted Nepal’s position that global investments should be inclusive, necessary, and proportionate. He expressed appreciation for the global partnership and participation of civil society, emphasizing their role in enabling people, planet, and shared responsibility. He called on civil society to take initiative in building an equitable and sustainable future, ensuring no one is left behind.
In another program, PM Oli highlighted the importance of shared responsibility in creating decent job opportunities through private sector capital mobilization, promoting inclusive growth, and exploring new development resources.
The declaration endorsed by the Civil Society Forum is set to be adopted by the Fourth International Conference on Financing for Development.