ECOSOC: Vietnam calls for continued resources for development
Saturday, 21:04, 04/03/2017
Ambassador Nguyen Phuong Nga, head of the Vietnam Mission to the United Nations (UN), called on countries to continue providing resources for development at the UN Economic and Social Council (ECOSOC)’s development cooperation forum held from February 28 to March 2.
She also called for further efforts to renovate the UN development system by enhancing cooperation among the UN agencies, including the initiative “Toward Unity in Action” of Vietnam.
The initiative has received support from a line-up of nations, especially sponsors who want to increase efficiency of the UN’s activities in the host countries.
At the event, developing countries stressed the need to rally more resources to implement the 2030 Agenda on Sustainable Development. They recommended that the UN’s funds and development programmes work smoothly with the 2030 Agenda as there is an imbalance between core resources and those for specific projects.
They highlighted innovative resources, including tax, public-private partnership and support of international financial institutes.
Reducing UN’s support for middle-income nations without referring to vulnerable factors like climate, natural disasters and foreign debts will have critical influence on sustainable development. Thus, new criteria on capacity evaluation need to be set up, they said