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Politics

PM Oli stresses reforms in international financial system

Nepalkhabar

Nepalkhabar

 |  Kathmandu

Prime Minister KP Sharma Oli has emphasized the reforms of the international financial system

He said this during his address to the plenary closing session of the Civil Society Forum in the capacity of the chief guest.

PM Oli, who is on an official visit to Spain to attend the United Nations (UN)'s 'Fourth International Conference on Financing for Development (FFD4)', stressed the need for the developed countries to translate their commitments for financial investment into action.

The Prime Minister also urged the civil society to consistently raise their voice for development assistance, debt sustainability and international financial system reforms.

"You are not merely the participants of the conference, but also the catalyst and strong voice for change. Your advocacy and voice can contribute to bring tangible changes", he said, adding, "Nepal is advancing to development and prosperity, being emboldened to the norms and values of good governance, rule of law and democracy".

He went on to say, "Nepal has clear stance that the global investment should be made based on inclusion, necessity and proportionality. I appreciate the civil society's global partnership and participation".

Noting that civil society's advocacy will enable the people, planet and shared responsibility, PM Oli called for the civil society to take initiative toward building equitable and sustainable future by leaving no one behind.

At another program, the PM said all should discharge the shared responsibility for creating decent job opportunities through mobilization of the private sector capital, promoting inclusive growth and exploring sources for development.

The declaration endorsed by the Civil Society Forum will be adopted by the 'Fourth International Conference on Financing for Development'.



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