Advertisement 328
Advertisement 211
Advertisement 219
camillo gonsalves
Ambassador Camillo Gonsalves has reminded rich nations of their pledges to developing countries (File photo).

UNITED NATIONS, New York – The Vincentian envoy to the United Nation, Ambassador Camillo Gonsalves on Dec. 8 said he was not “blaming or begging,” as he reminded rich nations of their unfulfilled pledges to finance development in developing countries

He told this international body that rich countries must honour their pledges of development assistance to poorer nations, especially in the wake of the global economic crisis.

Gonsalves, St. Vincent and the Grenadines’ (SVG) Permanent Representative to the United Nations, speaking at the fifth United Nations High Level Dialogue on Financing for Development, told the High-Level dialogue that “[Official Development Assistance] is not charity.

“It is an investment in international peace and security, and it is a necessary counterweight, albeit an inadequate one, against systemic inequalities in global trade and capital flows that are fundamentally unbalanced and disadvantageous to many developing countries, particularly small states,” he said, according to a media release from the SVG Mission here.

Since 1970, developed countries have been pledging to devote 0.7% of their national incomes to development assistance, Gonsalves said. Despite repeating that pledge in 2002, 2008 and 2009, rich nations delivered less than half of the promised assistance in 2010, the envoy noted.

Advertisement 21

“Developing countries that have spoken today to highlight the massive shortfalls between [assistance] pledged and [assistance] delivered are neither blaming nor begging,” said Gonsalves. “We are simply reminding our partners of the longstanding commitments that they made, upon which we rely, and which we expect to be honoured.”

“It remains a constant source of amazement that many states can regularly conjure up billions of dollars to prosecute discretionary wars and unilateral military interventions, almost on a whim, while developmental assistance stagnates, falls short of commitments, and is subject to all forms of creative accounting or empty sloganeering that have no impact on the bottom lines of developing states,” said the ambassador.

The Vincentian envoy also highlighted an “urgent” call for debt relief to be extended to the Caribbean Community (CARICOM).

He pointed out that five CARICOM states have debt-to-GDP rations in excess of 100%, while another four exceed 70%.

However, because of CARICOM states’ “middle-income” status, they were often excluded from debt-forgiveness schemes, a stance that Gonsalves called “shortsighted and ultimately counterproductive.”

Providing negotiated debt-relief to CARICOM states “on a regional basis … is the morally correct, fiscally prudent, and developmentally logical approach to our region’s growing debt burdens,” he said.

Although the current High-Level dialogue on Financing for Development is occurring in the shadow of the worst financial and economic depression in decades, the Vincentian diplomat stated that the global meltdown “is not an excuse for failure to meet ODA commitments.”

Gonsalves cited the outcome of the 2009 United Nations High Level Conference on the World Economic and Financial Crisis and its Impact on Development, which he co-chaired by Saint Vincent and the Grenadines.

He reminded delegates that the “consensus outcome of the U.N. conference on the crisis stressed that the crisis, in and of itself, necessitated urgent compliance with existing targets.”

“In this time of global economic recession, the focus should not be on delaying or avoiding the implementation of FFD commitments, but rather on accelerating and strengthening those promises in the assistance of those who played no role in creating the crisis in the first place,” he said.

At the same time, Gonsalves expressed appreciation for “the efforts of all of our development partners – particularly in these times of increased global economic instability.”

However, despite gratitude for the assistance that his country and other developing states have received, Gonsalves stated that “the inescapable fact is that total ODA is far short of the required or promised minimums.”

Paraphrasing Bob Marley’s hit song “Them Belly Full (But We Hungry),” Gonsalves said “the developmental pot may be cooking, but the food in it is not enough.”

“Development costs money, and while many states have demonstrated an unerring ability to renege on their commitments to assist, our governments cannot renege on our own solemn commitments to the people-cantered development and advancement of our populations,” he said.

The fifth United Nations High Level Dialogue on Financing for Development was organised under the theme “The Monterrey Consensus and Doha Declaration on Financing for Development: status of implementation and tasks ahead.”

The Monterrey Consensus was the outcome of a 2002 United Nations conference that took place in Monterrey, Mexico. The Monterrey Consensus was adopted by all countries as a blueprint for mobilising and utilising financing for development. The Doha Declaration on Financing for Development was a 2008 follow-up to the Monterrey Consensus, which sought to add greater detail to the broad areas of agreement that were arrived at in Monterrey.

Follow our FeedFollow on FacebookFollow on Twitter