Prime Minister KP Sharma Oli, who is in Spain, addressed various high-level 'side events' on Tuesday during the fourth international conference on 'Finance for Development' at the United Nations.
Prime Minister Oli participated in a high-level discussion on new thinking on development aid organized by the Prime Minister and Chairman of the Government of Spain, Pedro Sanchez, and presented his views at the 'round table' on the subject.
Today, Prime Minister Oli presided over a high-level meeting of underdeveloped and small island countries and addressed a high-level discussion on "Investment in water supply and sanitation sector at the initiative of heads of state and heads of government".
Expressing the clear opinion of Nepal about the new thinking in the unity of development aid and global partnership, Prime Minister Oli expressed the view that development aid should not be taken as a 'charity' only, but should be used for the end of poverty and the capacity building of citizens to achieve the goal of sustainable peace and development.
'There is also a tendency to run similar small development projects from the government and the non-government sector in parallel. "Equitable development does not gain momentum with scattered aid", Prime Minister Oli said, "Development partners should advance for aid through certain channels." Sevia-commitment has also motivated us to do this. Let's all proceed from that path.'
He emphasized that developed countries should fulfill their commitments of assistance in practice and not in speech, and said that cooperation should be done in areas that really have an impact for meaningful changes in people's lives. While presiding over the high-level meeting of underdeveloped countries, Prime Minister Oli asked the development partners to fully and honestly respect the Seville commitment.
In this way, he requested related parties to strengthen domestic resource mobilization, to promote mixed finance system with private investment, to mobilize more subsidies in national programs and Official Development Assistance (ODA) from formal agencies.
Prime Minister Oli emphasized that the entire world should be united with a common resolution in favor of improving the living standards of our people by making use of the power of science, technology and innovation, building infrastructure, expanding access.
Expressing the belief that the Sevilla commitment will give us all a chance to build a fair, prosperous but sustainable future with hope and trust, Prime Minister Oli emphasized that we should move forward as one to fight poverty, increase efficiency and create sustainable opportunities by increasing investment based on correct financial analysis.
