Bhutan at Ad­dis Ababa Con­fer­ence

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Bhutan par­tic­i­pated in the re­cently con­cluded the Third In­ter­na­tional Con­fer­ence for Fi­nanc­ing for De­vel­op­ment which was held at the United Na­tions Eco­nomic Com­mis­sions for Africa (UNECA) con­fer­ence cen­tre Ad­dis Ababa, Ethiopia.

The Bhutanese del­e­ga­tion was led by Ly­onpo Nam­gay Dorji, the Min­is­ter of Fi­nance, with of­fi­cials from the Min­istry of Fi­nance, For­eign Min­istry and the Sec­re­tar­iat of the Gross Na­tional Hap­pi­ness Com­mis­sion.

The press re­lease from the For­eign Min­istry stated that dur­ing the gen­eral de­bate among the rep­re­sen­ta­tives, Ly­onpo Nam­gay Dorji em­pha­sized the need to re­dou­ble ef­forts by coun­tries around the world, as well as in­ter­na­tional in­sti­tu­tions, fo­cus­ing mainly on the need of as­sis­tance for the Least De­vel­oped Coun­tries (LDCs), so as to achieve the Sus­tain­able De­vel­op­ment Goals in times to come.

Ly­onpo also high­lighted the unique de­vel­op­ment chal­lenges faced by Bhutan and ap­pealed to the world to join hands to­gether and work to­wards erad­i­cat­ing poverty by next decade.

Ly­onpo also par­tic­i­pated in the Round Ta­ble Meet­ing on the theme “En­sur­ing pol­icy co­her­ence and an en­abling en­vi­ron­ment at all lev­els for sus­tain­able de­vel­op­ment”.

The UN Sec­re­tary-Gen­eral Ban Ki-moon, who opened the con­fer­ence called upon for an am­bi­tious and uni­ver­sally in­clu­sive fi­nanc­ing frame­work to im­ple­ment the Sus­tain­able De­vel­op­ment Goals and high­lighted the need for so­cial com­pact for greater so­cial pro­tec­tion and a pack­age for Least De­vel­oped Coun­tries.

The adop­tion of an out­come doc­u­ment of the Ad­dis Ababa con­fer­ence is to be known as the Ad­dis Ababa Ac­tion Agenda and the doc­u­ment is ex­pected to sup­port the im­ple­men­ta­tion of the post-2015 de­vel­op­ment agenda, in­clud­ing the Sus­tain­able De­vel­op­ment Goals.

The con­fer­ence as­sessed the progress made in the im­ple­men­ta­tion of the Mon­ter­rey Con­sen­sus 2002 and Doha Dec­la­ra­tion of 2008, and has also ad­dressed the new and emerg­ing is­sues in the con­text of the re­cent mul­ti­lat­eral ef­forts to pro­mote in­ter­na­tional de­vel­op­ment co­op­er­a­tion and the syn­er­gies be­tween fi­nanc­ing ob­jec­tives across the three di­men­sion of sus­tain­able de­vel­op­ment.

The con­fer­ence is at­tended by Head of the States and Gov­ern­ments, Min­is­ters for Fi­nance, For­eign Af­fairs and De­vel­op­ment Co­op­er­a­tion, in­clud­ing rel­e­vant in­sti­tu­tional stake­hold­ers, non-gov­ern­ment or­ga­ni­za­tion and busi­ness sec­tor en­ti­ties from across the world.

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