Africa-Press – Eswatini. King Mswati says eSwatini is making progress in achieving the United Nations(UN) Sustainable Development Goals(SDGs) but told world leaders that, “the current global crises are threatening progress towards achieving Agenda 2030”.
Addressing the Fourth International Conference on Financing for Development (FFD4) in Seville-Spain, the King said despite the challenges, countries still have an opportunity to find workable solutions to reverse the dire developments.
”Daunting realities of worsening climate crisis, deepening debt burdens, and an uneven and high cost of development finance for countries that need it the most, have converged to create a storm that threatens the foundations of sustainable development.However, in the face of these concerns, the Kingdom of Eswatini has continued to demonstrate proactive leadership and steadfast commitment to the 2030 Agenda and the Sustainable Development Goals,” he said as quoted by Government online platforms.
The King said, this year’s conference theme, “Financing our Future,” it emphasises the need to mobilise sufficient and sustainable financial resources to achieve long term global goals, especially those outlined in the UN 2030 Agenda for sustainable development.
“We appeal to the developed Nations to share technology transfer to enhance renewed strategies for sustainable financing.The quest to ensure a fair financing system for developing countries must not be misinterpreted as a matter of charity, but as a necessity. The current structure leaves particularly climate vulnerable nations with unacceptable and unsustainable borrowing costs, raising the urgent need for reforms in credit rating agencies and more equitable allocation of special drawing rights,” he said.
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