Press Conference on
The Fourth High Level Policy Forum on Global Governance: “Belt and Road Finance and Investment Forum” and Business Dialogue
to be held in Guangzhou April 12-13, 2018
Speech delivered by:
Mr. Nicholas Rosellini UN Resident Coordinator & UNDP Resident Representative
Beijing, 28 March 2018
On behalf of the United Nations Development Programme (UNDP), I am pleased to announce the 2018 4th High Level Policy Forum on Global Governance: “Belt and Road Finance and Investment Forum” and Business Dialogue to be held in Guangzhou on April 12 and 13. I would like to express my gratitude to the National Development and Reform Commission (NDRC) for their support as well as to our long-term partner the China Centre for International Economic Exchange (CCIEE), to our communication partner Xinhua Outlook Weekly and our local host the Municipal Government of Guangzhou.
This Forum will pick up the thread of previous discussions during the Belt and Road Forum for International Cooperation in May 2017. Since its inception in 2013, the Belt and Road Initiative (BRI) has been recognized as a powerful platform for economic development and regional cooperation. UNDP believes that the BRI has a strong potential to act as an accelerator for the long-term implementation of the Sustainable Development Goals (SDGs) and the 2030 Agenda for Sustainable Development.
UNDP has shown its support to the BRI since 2016, being the first international organization to sign a MoU with the Government of China, followed by the signing of an Action Plan in 2017 with concrete project in China and selected countries engaging the Belt and Road. Since then, the cooperation has moved forward and now enters in the early harvest phase.
The High-Level Policy Forum and the Business Dialogue are part of our engagement. The theme of this year’s Forum will be financial cooperation and sustainable investments. The objective of the event is to support the creation of an enabling environment for sustainable investments that can have positive social and environmental impacts for the countries and people along the Belt and Road. An enabling environment that can effectively promote policy coordination among public and private sectors, among the various regions, provinces and cities that are engaging in the initiative both nationally and internationally.
The Belt and Road initiative’s pathway to success, however, is not without challenges for China and the countries engaging the BRI. Innovative solutions for financial cooperation, mitigation of investment risks and long-term stability in capital flows have to be actively implemented and aligned with inclusive and sustainable outcomes to leverage opportunities and effectively promote a new sustainable growth engine.
We believe that consensus on finance cooperation and sustainable investments will be further strengthened as we aim to achieve three key results:
To achieve these outcomes, the Forum has organized both a policy and business dialogue to bring together high-level officials and experts from governments, United Nations, financial institutions, development agencies as well as private enterprises, social organizations, think tanks and academia across the world.
We are very glad to confirm that the Forum has attracted a strong interest from the international community. We are very pleased to announce the participation of the UN Under-Secretary-General and UNDP Associate Administrator Mr. Tegegnework Gettu, the ASEAN Deputy Secretary General H.E. Vongthep Arthakaivalvatee, the participation of State Minister, financial minister and vice ministers and high-level government representatives from 13 countries engaging the BRI, from Asia, the middle-East and Africa. In addition, key representatives from international financial institutions, such as leadership of the European Bank for Reconstruction and Development and Asian Infrastructure Investment will share their views together with influential experts and key representatives from the private sector, other development agencies and think tanks.
Considering this year’s theme and the potential of the “Guangdong – Hong Kong – Macau Greater Bay Area”, it is no coincidence, that the 4th High Level Policy Forum and Business Dialogue will be held in Guangzhou. The “Guangdong – Hong Kong – Macau Greater Bay Area” as well as other cities and metropolitan areas along the Belt and Road and globally play a key role in creating and strengthening regional connectivity and cooperation networks. Cities are at the forefront in innovation and will be crucial in the advancement of sustainable development. This event underscores the importance of regional hubs and emphasizes the role of cities in the implementation of a sustainable and inclusive Belt and Road.
In order to create an enabling environment that leverages finance cooperation and sustainable investments along the BRI, UNDP stands ready to support China and the other countries engaging the initiative achieving their development aspirations through dialogue and policy coordination, as our event aims to do.
Once again, many thanks to our partners for their support and thanks all of you for your attention!