Guyana, Norway to lead UN process on Financing for Development

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ffd_logo[www.inewsguyana.com] – The Permanent Representatives of Guyana and Norway have been appointed by the President of the United Nations General Assembly to lead a UN process on financing for development.

Ambassador George Talbot of Guyana and his Norwegian counterpart, Ambassador Geir Pedersen, have been mandated to conduct inclusive and transparent intergovernmental consultations on all issues related to the forthcoming third international conference on financing for development.The conference will likely be held in 2015.

According to a release from the Ministry of Foreign Affairs in Guyana, with the United Nations currently embarked on the elaboration of a post-2015 development agenda as a successor to the Millennium Development Goals framework, an agreement on the means of implementation will be critical to the efficacy and successful implementation of the new agenda.

The financing for development conference is expected to provide a holistic framework for mobilizing resources from a variety of sources and for the effective use of financing for the achievement of the sustainable development goals that will be at the core of the post-2015 development agenda.

The leveraging of financing from other sources will be among the important questions that the conference will address. The forthcoming conference will follow up and build on the Monterrey Consensus adopted at the International Conference on Financing for Development held in 2002 in Monterrey, Mexico, and the Doha Declaration which emanated from the 2008 Doha conference on the subject.

“Guyana’s appointment is a reflection of the respect that the country enjoys at the United Nations, in particular on issues of sustainable development. It affords a special opportunity to contribute to the effort to update and strengthen the multilateral financing framework that could help to translate the post-2015 development agenda into meaningful outcomes for member countries” the statement added.

This latest Guyana-Norway collaboration at the multilateral level follows on the already established bilateral cooperation arrangement between the two countries in the promotion of sustainable development and the combat of climate change. 

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