Mr.\/Ms. President,<\/p>\n
Italy aligns itself with the statement of the European Union.<\/p>\n
This Forum provides the first opportunity to take stock of progress on the Financing for Development agenda and to advance the implementation of the Sevilla Commitment.<\/p>\n
In line with the Sevilla Commitment, Italy supports a more inclusive and effective global framework for financing for development.<\/p>\n
In this context, the key challenge is not only mobilizing resources, but ensuring that countries can effectively access, manage and leverage them. This requires a coherent approach built around three priorities.<\/p>\n
First, strengthening domestic resource mobilization.<\/strong><\/p>\n Domestic resources remain the most sustainable source of financing for development. Strengthening tax systems, improving revenue administration, and enhancing public financial management are essential.<\/p>\n This must go hand in hand with debt sustainability. Many countries face increasing debt pressures, that constrain fiscal space. Addressing this requires stronger national systems and more coordinated international efforts, including improved debt transparency and strengthened debt management capacities.<\/p>\n Second, enhancing the effectiveness and coherence of development cooperation.<\/strong><\/p>\n The current landscape remains fragmented, reducing impact and weakening country ownership.<\/p>\n We need more integrated and country-led approaches, better aligned with national priorities. Stronger collaboration among partners is also essential to maximize impact and reduce duplication.<\/p>\n Third, scaling up partnerships with Public Development Banks and multilateral institutions. <\/strong><\/p>\n Public Development Banks play key role in supporting long-term investments and mobilizing private capital.<\/p>\n Co-financing, blended finance and joint platforms can enhance both scale and effectiveness. Expanding local currency financing and mitigating foreign exchange risks remain critical priorities.<\/p>\n Across all these priorities, one element remains fundamental: capacity building<\/strong>.<\/p>\n Without strong institutions and effective governance frameworks, financial instruments cannot deliver their full potential.<\/p>\n Capacity building must therefore be at the core of the financing for development agenda. In this regard, Italy has launched the Sevilla Call to Action on Strengthening Capacities for Financing for Development, now part of the Sevilla Platform for Action, to promote a more integrated and systemic approach to technical assistance and institutional strengthening.<\/p>\n Stronger institutional capacities enhances credibility, improves engagement with investors and facilitates access to sustainable financing.<\/p>\n Excellencies,<\/p>\n The Sevilla Commitment provides a clear roadmap. The priority now is implementation.<\/p>\n This requires sustained political commitment, stronger cooperation, and a renewed focus on country ownership.<\/p>\n Italy remains fully committed to this effort and stands ready to work with all partners to advance a more coherent, effective, and results-oriented financing for development agenda.<\/p>\n Thank you.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"Mr.\/Ms. President, Italy aligns itself with the statement of the European Union. This Forum provides the first opportunity to take stock of progress on the Financing for Development agenda and to advance the implementation of the Sevilla Commitment. In line with the Sevilla Commitment, Italy supports a more inclusive and effective global framework for financing […]","protected":false},"author":8,"featured_media":12959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"tags":[],"class_list":["post-12956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/posts\/12956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/comments?post=12956"}],"version-history":[{"count":1,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/posts\/12956\/revisions"}],"predecessor-version":[{"id":12960,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/posts\/12956\/revisions\/12960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/media\/12959"}],"wp:attachment":[{"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/media?parent=12956"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/italyun.esteri.it\/it\/wp-json\/wp\/v2\/tags?post=12956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}