PM Oli stresses on reforms in international financial system

Special Correspondent Prakash Silwal

Seville, (Spain), June 29: Prime Minister KP Sharma Oli has emphasized on the reforms of international financial system 

He said this during his address to the closing plenary  of the Civil Society Forum for FFD4 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 to 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 saying, "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 towards building equitable and sustainable future by leaving no one behind. 

At another programme, 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'. RSS