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2017 ECOSOC Forum on Financing for Development New York, 22 May 2017

 

Ms. Shamshad Akhtar, ESCAP Executive Secretary, delivered  a statement today, 22 May  at the 2017 ECOSOC Forum on Financing for Development, held at Headquarters in New York, which highlighted the need for fiscal policy to play a greater role in reducing growing inequality and expanding the social safety net, as well as how a sustainable and well calibrated fiscal policy can promote inclusive and sustainable development.  She discussed working to promote domestic resource mobilization and how management, composition and efficiency of public expenditure needs to intensify.

Further topics included; fostering infrastructure investment as a priority, financial inclusion for individuals and access to finance by SMEs,  how countries are moving at different paces and sequencing their reforms differently as well as the need for social expenditures to be enhanced, the declining official development assistance as cause for concern and the vital need for improving the capacity of governments to effectively structure and implement PPP transactions.