Delegates At World Economic Forum Urged To Commit To Financial Technology

Delegates At World Economic Forum Urged To Commit To Financial Technology

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1. Fourteen years ago, the Leaders of the G20 met for the first time, facing the most severe financial crisis in our generation. We recognized, as large global economies, that collectively we carry responsibilities and that our cooperation was necessary to global economic recovery, to tackle global challenges, and lay a foundation for strong, sustainable, balanced, and inclusive growth. We designated the G20 the premier forum for global economic cooperation, and today we reaffirm our commitment to cooperate as we, once again, address serious global economic challenges.

19. Withdrawing our troops does not mean ending our relationship with Afghanistan. We will now open a new chapter. We affirm our commitment to continue to stand with Afghanistan, its people, and its institutions in promoting security and upholding thehard-won gains of the last 20 years. Recalling our previous commitments, NATO will continue to provide training and financial support to the Afghan National Defence and Security Forces, including through the Afghan National Army Trust Fund. NATO will retain a Senior Civilian Representative's Office in Kabul to continue diplomatic engagement and enhance our partnership with Afghanistan. Recognising its importance to an enduring diplomatic and international presence, as well as to Afghanistan's connectivity with the world, NATO will provide transitional funding to ensure continued functioning of Hamid Karzai International Airport. We will also step up dialogue on Afghanistan with relevant international and regional partners. We continue to support the ongoing Afghan-owned and Afghan-led peace process, and call on all stakeholders to help Afghanistan foster a lasting inclusive political settlement that puts an end to violence; safeguards the human rights of Afghans, particularly women, children, and minorities; upholds the rule of law; and ensures that Afghanistan never again serves as a safe haven for terrorists.

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48. We believe that all people can benefit from a more open world, where democracy, respect for human rights, effective and accountable governance, and the rule of law can thrive; and where the benefits of prosperity are shared by all, through free and fair trade and global growth. We commit to work collectively to strengthen the foundations of open societies, promote human rights and inclusive connectivity. We commit to protect in a coordinated way against threats, including from disinformation and information operations, surveillance, malicious cyber activities, censorship, corruption, illicit finance and the closure of civic space. We also commit to reinforcing inclusive democratic institutions that protect the rights and freedoms of all persons: including safe and vibrant civic spaces, promoting digital inclusion, and supporting independent media. We support the important work undertaken by our Interior Minister colleagues on anti-corruption, addressing online harms and on working with the technology industry on public safety in system designs in protecting open societies online. We welcome and support the initiative of the United States to convene a Summit for Democracy. We commit to the following measures on media freedom, Internet shutdowns, cyber governance, freedom of religion or belief, the Rapid Response Mechanism, arbitrary detention. We look forward to Leader-level discussions on Open Societies with Australia, India, the Republic of Korea and South Africa at the G7 Summit in June.

HIBA JAFAAR ABUBAKR ABUHAJ (Sudan), associating herself with the Group of 77, African Group and the Group of Least Developed Countries, called on the United Nations and friendly States and international financial institutions to help her country achieve food security through agricultural technology transfer, capacity-building and earmarking special resources. Her Government has taken resolute efforts to implement the Sustainable Development Goals and has created a mechanism for the follow-up and review of that process. Her delegation submitted its voluntary national review during the high-level political forum in July and looks forward to a successful and constructive session that addresses their concerns.

DANG HOANG GIANG (Viet Nam), associating himself with the Group of 77 and ASEAN, said Member States must redouble efforts at national, regional and international levels to transform political commitments on concrete actions. The macroeconomic framework must be strengthened, as well as resilience to global shocks. At the global level, the 2030 Agenda must be put back on track, with an accent on restoring peace and security in every corner of the world. He called for the cessation of all conflicts, with peaceful dialogue in accordance with international law and the Charter of the United Nations. Calling for greater long-term financing, he urged the international community to address gaps in debt architecture, transport and energy infrastructure, and information and communications technology (ICT). Calling for the immediate lifting of unilateral embargoes in contravention of international law, he welcomed efforts to reposition United Nations development system. International partnerships must be consolidated, he stated, including South-South and triangular cooperation, further noting that his country actively participates in international efforts to support regional development, and has submitted its candidacy for the Human Rights Council.

SYED MOHAMAD HASRIN AIDID (Malaysia), associating himself with the Group of 77 and ASEAN, noted that according to the World Health Organization (WHO), 1 billion people in lower-income countries remain unvaccinated, and only 57 countries have vaccinated 70 per cent of their population and almost all of them are high-income. Further, it is estimated that the food-insecure population could surge to more than 300 million people. Greater collective efforts are therefore needed to ensure that global food supply chains remain stable. He noted the projection that world economic growth will slow down to 2.5 per cent in 2022 and drop to 2.2 per cent in 2023. Regrettably, the worst hit would be developing countries that are already in or near debt distress. However, experts believe that there is still time to avert a global economic slowdown. Given that in an interconnected world, domestic monetary decisions must consider the reality and interests of developing countries, he reiterated a call for a more cooperative international monetary mechanism that would ensure a more effective and just system. In limiting global warming to 1.5ºC, Malaysia is committed to reducing greenhouse gas emissions by 45 per cent based on GDP by 2030, as well as to achieving its goal of net zero greenhouse gas emissions by 2050, and has set a target of achieving 31 per cent green energy use by 2025.

Cities are not the only ones uniting around alliances and initiatives for climate action. The private sector has launched, for example, RE100 (businesses committed to 100% renewable energy) and EP100 (businesses committed to doubling their energy productivity). Like-minded businesses descended on London, UK, on 28-29 June for the second Business and Climate Summit. The Summit, which was convened by partnerships representing over six million businesses from around the world, urged governments to take swift action on climate and ratify the Paris Agreement.

North Korea. Last year saw a number of provocative actions by the D.P.R.K. that threaten international security, including missile tests in July and the test of a nuclear device in October. In an unprecedented fashion, China joined with the United States and the rest of the international community to condemn the nuclear test, voting in favor of UN Security Council Resolutions 1695 and 1718, which impose sanctions against North Korea. China's actions to express its concerns over North Korea's nuclear activities demonstrate that its patience with its erstwhile ally has worn thin. We expect that China will continue to implement the requirements under these Security Council resolutions until North Korea comes into full compliance with its obligations. Many Chinese elites increasingly say that they see North Korea as we do: a destabilizing actor that potentially threatens the region and the world. The resumption of Six-Party Talks in December was a positive step, and we look forward to the next round of talks this month. The Chinese have played a very positive role in the Six-Party process, hosting the talks, helping draft the September 19, 2005 Joint Statement, supporting strong measures in the United Nations, and urging Pyongyang to return to the negotiating table. It is imperative that China continue its efforts in this process. The Administration is committed to continuing to work closely with the Chinese to find ways to persuade North Korea to abandon completely, irreversibly, and verifiably its nuclear weapons program; adopt more responsible behavior; and implement the Joint Statement. Of course, we will not be satisfied until we achieve these goals.Iran. As in the case of the D.P.R.K., it is vital that the international community join together to send a clear and unequivocal message to Iran that it must comply with its nuclear obligations. China says that it shares our assessment that Iran must not obtain nuclear weapons capability. As one of the Permanent Five (P5) members of the UN Security Council (UNSC), China joined the United States in condemning Iran's nuclear activities by voting for