On October 11, Archbishop Bernardito Auza, Permanent Observer of the Holy See to the UN, gave an intervention during the Second Committee deliberations of the Seventy-third Session of the General Assembly on Agenda Items 18 and 19, dedicated respectively to the themes of “Macroeconomic policy questions” and the “Follow-up to and implementation of the outcomes of the international conferences on financing for development.”
In his statement, Archbishop Auza commented upon the UN Secretary-General’s recent reports on macroeconomic questions, particularly in international trade and development, the international financial system, external debt stability, financing for development, fragile economic growth trends, and the precarious situation of Least Development Countries (LDCs). He said for LDCs, structural changes are needed to reduce their vulnerability to external price shocks and to improve duty- and quota-free access to international markets. The promotion of integral human development, he said, requires a financial paradigm shift to one that better fosters social inclusion and equity.
The statement can be found here.