By William Q. Harmon
President Joseph Boakai has known as for global monetary reform to enhance constructing in creating international locations–urging global stakeholders in the monetary sector to search for causes and act now.
In a compelling speech delivered at the UN Widespread Assembly, Boakai highlighted the challenges confronted by Liberia and other creating countries in achieving the Sustainable Construction Objectives because of this of financial pressures and rising inequalities.
He emphasized the urgency of collaborative efforts to handle these boundaries hindering sustainable constructing.
“We are gathered here with a common mission to work together in making the world a better place for everyone,” Boakai declared. He acknowledged the many challenges Liberia faces in assembly the Sustainable Construction Objectives (SDGs), noting that these struggles are shared by many creating countries. “Although we are facing difficult challenges, I believe we are more determined than ever to overcome them.”
Boakai known as on global leaders to take concrete and intentional measures to alleviate financial pressures on vulnerable international locations. He inspired cohesion in dismantling barriers that hinder attainable relate and advancing a collective vision for sustainable constructing.
“We must advocate for a financial system that provides liquidity and alleviates the burden on developing nations,” he acknowledged. He careworn out the importance of international cooperation and accountability in making a fairer global monetary ambiance.
Referencing the 2023-2024 Human Construction Document, to most modern experiences that underscored the widening gap between the enviornment’s poorest international locations and the challenges they face in allocating sources, Boakai careworn out the want for prompt global monetary reform.
“This is a troubling trend,” the President said. “The world’s poorest nations are falling further behind, deepening inequalities and political divisions.”
Within the 2024 Financing for Sustainable Construction Document, which Boakai additionally referenced in his speech, it is noted that the least developed countries currently allocate 12 p.c of their revenues to pastime payments, which is four cases greater than it modified into once a decade previously.
Boakai said, “This underscores the urgent need for global financial reform.”
He urged developed and creating international locations to work collectively to conquer these shared challenges and known as for decisive action to place away with barriers to progress.
“We must confront our shared challenges together and eliminate the obstacles stalling our progress,” Boakai noted.
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UN Secretary-Widespread António Guterres had earlier described the experiences as a “call to action” for the international crew.
Boakai outlined Liberia’s commitment to right governance and helpful resource administration, noting efforts to wrestle corruption and verify that efficient helpful resource utilization for national constructing.
“We have made significant strides in promoting good governance, reducing waste, and ensuring that all resources are effectively utilized for Liberia’s growth.”
He underscored the importance of aligning these efforts with the worldwide cooperation dreams place forth in the 2030 Agenda for Sustainable Construction. Recognizing the necessary operate of global governance reform in advancing the 2030 Agenda, Boakai advocated for a fairer monetary machine that supports creating international locations and fosters international cooperation and accountability.
He urged the international crew to take courageous steps to alleviate financial pressures on vulnerable international locations and work in opposition to a shared vision of sustainable constructing by scheme of collective action and cooperation.
