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Remarks by H.E. Mr. Margus Kolga, Permanent Representative of Estonia to the UN at the at General Assembly event on the ICESDF report

08.12.2014

Estonia aligns itself with the statement delivered on behalf of the European Union.

 

At the outset let me thank all the experts participating in the ICESDF for their hard work and congratulate them for the positive outcome. Estonia had an honour to participate at the work of the expert group.

 

Estonia welcomes the Report of the Intergovernmental Committee of Experts on Sustainable Development Financing. The report builds on the Monterrey consensus and the Doha declaration taking into account the changing global context. The report gives a comprehensive, logical and well analysed view of the current situation and challenges.

 

The committee acknowledges that the needs for financing the social, economic and environmental dimensions of sustainable development are vast. However we currently lack both transparency and sufficient data. We must have a better understanding of how big is the gap - environmentally, socially and economically.

To meet the financing needs for sustainable development we will need to tap into all funds, public and private, national and international. While public financing should mainly benefit the poorest and most vulnerable, private financing is increasingly important and needs to be allocated to sustainable development. The analysis in the report shows that national governments have a key role to play in raising domestic revenue for core economic and social functions and in creating an enabling environment for the inclusion of all potential partners to ensure sustainable development.

Collecting taxes and fighting corruption more effectively is important but having right polices and well allocated public spending is vital to achieve lasting results in the development of societies. We must improve governance of the public resources both at country and international level. We must also improve accountability and transparency. I would like to stress that from our own national experience we know that rule of law and good governance form the best conditions for efficiency and for bringing in the needed results.

The Financing for Development Conference in Addis will focus on these important issues. We have high expectations for the outcome of the conference. It needs to be forward-looking, reflect global trends. It should be ambitious but also realistic. ICESDF has already done extensive work with collecting facts and analyzing the current trends. Therefore we believe that their report should serve as main basis for the upcoming political discussions.            

 

Thank you!

 

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