Ministeri Hautalan puhe innovatiivisesta kehitysrahoituksesta

Tulevaisuuden kehitysrahoitusta mietittäessä on katsottava kaikkia mahdollisia rahoituslähteitä: niin maiden omia resursseja, yksityisiä rahavirtoja, kauppaa ja investointeja kuin julkista kehitysrahoitustakin, totesi ministeri Hautalan puhuessaan innovatiivista kehitysrahoitusta käsitelleessä keskustelussa New Yorkissa 24.9.2013.



Leading Group on Innovative Financing for Development New York, 24.9.2013

Ministeri Hautalan puheenvuoro sessiossa: ‘Financing the post-2015 Development Agenda with an innovative strategy’

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Mr President, Ministers, Excellencies, ladies and gentlemen

• As former chair of the Leading Group on Innovative Financing, Finland warmly welcomes the important work of the Group. I am also very pleased to note the continuity of the work that Nigeria as the current President has ensured. I want to note the high priority given to domestic resource mobilization, taxation, food security and issues related to climate change.

• I am especially pleased to observe that Nigeria is continuing the process of assessing the role of innovative financing as part of financing post 2015 sustainable development. It was launched during our Presidency, as a part of the inclusive and participatory consultative process towards post- 2015 sustainable development.

• Finland and Nigeria also cooperate actively as co-chairs in the Intergovernmental Committee of Experts on Sustainable Development Financing. Ambassador Pertti Majanen of Finland will be co-chairing it together with HE Mansur Muhtar of Nigeria. The group’s mandate is to seek solutions and make proposals on how to finance the forthcoming post 2015 sustainable development agenda. The issue will be looked at on a broad basis from Monterrey and Doha, with the added sustainability requirements agreed in Rio.

• All potential financing sources must be looked at, including, domestic resource mobilization, private capital flows, trade, investments and ODA. The expert group must also assess the role of innovative financing mechanisms, in the context of broad and sustainable development financing, and keep abreast with progress in other important work streams, such as Financing for Development. It is important to work closely also with the Leading Group.

• While I strongly maintain that we in the developed countries must keep our commitments on ODA, a renewed and more systematic attempt to put all financing sources to work in the service for sustainable development and poverty eradication is crucial. In this context, I would like to mention, that my Government has decided to allocate all income from the EU Emissions Trading System (ETS) to development and climate financing, as a supplement our ODA contributions. Depending on the markets, it adds approximately 50 million euros on a yearly basis to finance sustainable development.

• I welcome the emphasis of His Excellency Thabo Mbeki’s panel on Africa’s own measures on combating illicit financial flows. Illicit financial flows are one of the most important challenges in domestic resource mobilization.

• We must all make sure that our own actions support sustainable development in a coherent way. I would like to take this opportunity also to remind ourselves of the importance of adhering to the vital principle – and practice – of policy coherence for development.

• I also want to mention that I very much welcome the interest by business leaders, to work on an innovative basis for development. Achieving tangible outcomes and impact requires strong ownership, and new types of partnerships from all parties involved.