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Second Committee Intervention on Macroeconomic policy questions and International Conferences on Financing for Development

On October 5, Archbishop Bernardito Auza, Permanent Observer of the Holy See to the United Nations, gave an intervention during the Second Committee debates on Agenda Item 17, dedicated to Macroeconomic policy questions and on Agenda Item 18, dedicated to the follow-up and implementation of the outcomes of the International Conferences on Financing for Development.

In his statement, Archbishop Auza expressed concern for the decline in international trade and called for a more inclusive world economy, encouraging developed countries to lower protective tariffs and increase trade with Least Developed Countries (LDCs). He also highlighted the importance of increasing official development assistance for LDCs, while expressing concern about debt sustainability for developing countries. He said that increasing debt relief, humanitarian aid, and donor commitments for the growing burden of global refugee costs will help make possible the achievement of the 2030 Agenda for Sustainable Development.

His statement can be found here.