Mr. President,

I am pleased to deliver this statement on behalf of the Group of 77 and China.

At the outset, we extend our gratitude to the Government and people of the Kingdom of Spain for hosting this historic Conference in the city of Seville, and for the warm hospitality extended to our delegations. It is a privilege to gather here to endure commitment to multilateralism and global partnership, particularly on this critical issue of financing sustainable development.

Through you, Mr. President, the Group of 77 and China wishes to express its sincere appreciation to the Co-Chairs of the Preparatory Committee and the Co-Facilitators of the outcome document for their leadership and stewardship throughout this complex and important process. We also appreciated all their efforts to ensure that the process remained inclusive and transparent.

Mr. President,

This Conference is being held at a critical juncture in the global development agenda. With less than five years remaining to achieve the Sustainable Development Goals, the world remains significantly off track to achieving the ambitious Agenda we committed to in 2015. The financing gap continues to widen, and the challenges confronting the Global South have become more acute, more interlinked, complexed and more urgent, demanding coordinated international action and renewed political will.

Against this backdrop, the Group of 77 and China welcomes the adoption of the outcome document of this conference by consensus, which we view as an important step toward reinvigorating the global partnership for development. We support this document as a balanced, constructive and forward-looking framework that reflects the collective aspiration to scale up efforts in mobilizing financing for sustainable development, particularly for developing countries.

The Group recognizes this outcome as a reaffirmation of our shared commitment to multilateralism, solidarity, and cooperation. It must serve as a foundation to address the systemic imbalances in the global economic and financial system and to ensure that the voices, needs, and priorities of developing countries are meaningfully addressed.

Mr. President,

The Group of 77 and China reiterates the centrality of North-South cooperation as the core foundation of international development cooperation. We emphasize the importance of fulfilling all official development assistance (ODA) commitments, and of providing adequate, predictable, timely and concessional finance to developing countries, in line with their national priorities and development strategies.

At the same time, we reaffirm the value of South-South cooperation as a complement, not a substitute, for North-South cooperation, guided by the principles of solidarity, mutual respect, and non-conditionality.

We further underline the importance of strengthening domestic resource mobilization which need to be supported by an enabling international economic environment and effective means of implementation; improving the international tax system; scaling up foreign direct investments in developing countries; lowering remittance costs; channeling private resources for sustainable development; reforming the international financial architecture; ensuring fair representation of developing countries in international financial institutions; eliminating all unilateral economic, financial or trade measures against developing countries and expanding access to technology, capacity-building, and long-term financing.

Mr. President,

 Despite its imperfection, we believe that what the Compromiso de Seville contains is a very good basis for us to continue to build on to deliver the quality and quantity of funding to accelerate sustainable development. It is imperative that we continue to focus on those furthest behind and ensure that we live up to our commitment to leave no one or country behind, noting that if one of us fail to achieve the Agenda we would have all failed.

Therefore, moving forward, we must ensure the effective implementation of the commitments made in this outcome. We must also strengthen the role of the United Nations in the follow-up and review process, in order to guarantee that the financing for development agenda remains anchored in multilateralism and inclusivity.

Mr. President,

Let us use this conference to renew our shared commitment to multilateralism for achieving the sustainable development goals by 2030, because challenges the world faces do not respect national borders No single country can achieve the SDGs alone as it will requires shared vision, collective action and global cooperation.

Let us translate promises into action and reaffirm that no country or person should be left behind. Let us work together to shape a global financial architecture that serves the interests of all, not the few.

The Group of 77 and China stands ready to engage with all partners to ensure that financing for development becomes a true engine for sustainable and equitable progress.

I would now like to deliver a statement in my national capacity.