{"id":16553,"date":"2021-10-31T22:18:45","date_gmt":"2021-10-31T22:18:45","guid":{"rendered":"https:\/\/www.paulkagame.com\/?p=16553"},"modified":"2021-10-31T22:18:45","modified_gmt":"2021-10-31T22:18:45","slug":"g20-session-3-sustainable-development-remarks-by-president-kagame-rome-31-october-2021","status":"publish","type":"post","link":"https:\/\/paulkagame.rw\/2025\/?p=16553","title":{"rendered":"G20 Session 3: Sustainable Development | Remarks by President Kagame | Rome, 31 October 2021"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<ul>\n<li>Prime Minister Draghi<\/li>\n<li>Excellencies<\/li>\n<\/ul>\n<p>I welcome the G20 Finance Ministers and Central Governors\u2019 commitment to support the countries most affected by the Covid-19 pandemic.<\/p>\n<p>The International Monetary Fund\u2019s newly allocated Special Drawing Rights of $650 billion is a positive step towards addressing liquidity shortfalls, even if one would say more is needed.<\/p>\n<p>Only $21 billion of these SDRs were channeled to low-income countries. A further voluntary reallocation of SDRs is called for, based on need. We appreciate countries that have already pledged to do so.<\/p>\n<p>This will result in a faster and more sustainable recovery from the pandemic for countries that do not have the ability to do fiscal and monetary stimulus.<\/p>\n<p>Extra fiscal space will support women and youth by providing them with skills and jobs, and put them back at the centre of growth.<\/p>\n<p>Even before the pandemic, the world was off-track with the Sustainable Development Goals. Getting back on track will require focus and political commitment.<\/p>\n<p>Trade is a key pathway to prosperity.<\/p>\n<p>Restoring the ambition of the World Trade Organization is an imperative for us all, after years of stagnation in global trade negotiations.<\/p>\n<p>As emphasized by the director-general, Ngozi Okonjo-Iweala, the upcoming WTO Ministerial Conference next month is a chance to come together and get some important things done.<\/p>\n<p>Allow me to close with a word of appreciation for the G20 Compact with Africa launched under the German presidency in 2017.<\/p>\n<p>Chancellor Merkel has sustained this initiative since then, creating new and productive links for Africa and with Africa, and we hope that this work will be carried forward.<\/p>\n<p>I thank you for your kind attention.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Draghi Excellencies I welcome the G20 Finance Ministers and Central Governors\u2019 commitment to support the countries most affected by the Covid-19 pandemic. The International Monetary Fund\u2019s newly allocated Special Drawing Rights of $650 billion is a positive step towards addressing liquidity shortfalls, even if one would say more is needed. Only $21 billion of these SDRs were channeled to low-income countries. A further voluntary reallocation of SDRs is called for, based on need. We appreciate countries that have&hellip;<\/p>\n","protected":false},"author":5,"featured_media":16554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speech","post-has-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/posts\/16553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16553"}],"version-history":[{"count":1,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/posts\/16553\/revisions"}],"predecessor-version":[{"id":16555,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/posts\/16553\/revisions\/16555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=\/wp\/v2\/media\/16554"}],"wp:attachment":[{"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paulkagame.rw\/2025\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}