Kathmandu: Prime Minister KP Sharma Oli has briefed the House of Representatives on Nepal’s active participation and milestones achieved at the fourth international conference on ‘Financing for Development’ in Seville, Spain.
According to National News Agency Nepal, Prime Minister Oli emphasized that the conference played a crucial role in forging new global partnerships in the realm of economic diplomacy, while propelling the progress towards sustainable development goals. Representing the least developed countries, he advocated for their socio-economic advancement and justice, underscoring the importance of the Sevilla commitment in securing worldwide support for their development trajectory. He noted that Nepal is on track to transition to a developing country status by 2026.
During the parliamentary session, Prime Minister Oli elaborated on his leadership and advocacy roles at the conference through various presentations, roundtable discussions, and his address to the assembly of least developed countries. He highlighted Nepal’s exemplary leadership among the forty-four least developed countries, showcasing its potential on the international stage. Prior to the conference, he addressed a civil society gathering, urging for robust civil engagement and reaffirming Nepal’s commitment to a democratic and liberal approach towards civil society.
Prime Minister Oli further noted the strengthened relations between Nepal and the United Nations, with concerted efforts to promote the development of least developed countries. He stressed the importance of securing financing for development, nurturing formal and informal development cooperation, and enhancing climate financing. He expressed optimism about articulating development partnership priorities, asserting Nepal’s responsibility and capability within the international community, and the prospects for advancing economic diplomacy and attracting foreign investment.
Prime Minister Oli embarked on the conference visit on June 28, returning to Nepal on July 4.