A.D.:
Nepal Samvat: 1145 DILLAGA SHASTHI - 21
A.D.:
Nepal Samvat: 1145 DILLAGA SHASTHI - 21
Statement
by Rt. Hon. Mr. K P Sharma Oli,
Prime Minister of Nepal,
and Leader of the Nepali Delegation the
Fourth International Conference on
Financing for Development (FfD4)
During the High-Level Event on LDCs
01 July 2025, Seville, Spain
His Excellency the Secretary-General of the United Nations Mr. Antonió Guterres,
President of the General Assembly His Excellency Mr. Philémon Yang
Excellencies, Heads of State and Government,
Representatives of World Bank and IMF
General-Secretary of UNCTAD
Excellencies,
Dear Friends
Ladies and Gentlemen.
Good morning—and Namaste!
First of all, let me extend my warm welcome to you at this meeting.
This meeting is significant. It gives us an opportunity to reflect—and strategize a way forward for the world’s least developed countries in light of the Compromiso de Sevilla adopted yesterday.
I thank Rabab Fatima, Under Secretary-General and High Representative for the Least Developed Countries, LDCs and SIDs—for her unwavering support and commitment to our cause.
Also appreciate your support in bringing us together to this high-level meeting.
Excellencies,
All of us know—too well—the road we have travelled.
Crisis after crisis has shaken our economies.
Conflicts and climate shocks have reversed years of progress.
Our hard-earned gains towards the SDGs are stalling—or slipping away.
The support we once relied upon is fading—just when we need it most.
The dreams of our people—especially our youth—are drifting further from reach.
We are trapped in a shrinking fiscal space.
Debt is mounting, unsustainably.
And tragically, we spend more on debt repayments than on healthcare or education.
This is not only a fiscal crisis—it is a human one.
Remittances are lifelines. Yet the cost of sending them remains unjustly high.
The digital divide is not closing.
It is growing—alarming and wide.
And climate injustice strikes hardest in our regions.
We spend more on recovery than we receive for prevention.
Is this the climate justice we were promised?
We know the world doesn't lacks money.
We believe it lacks political will.
Excellencies,
At this critical juncture, the Fourth International Conference on Financing for Development offers hope.
The Compromiso de Sevilla marks a turning point.
It reaffirms our shared commitment to put people—especially the most vulnerable—at the heart of global development efforts.
It offers a clear message—
the financing gap must be closed, and fast.
We are heartened that the Doha Programme of Action has been recognised—
and its full implementation emphasised.
As co-facilitators from LDCs, both Nepal and Zambia have worked with deep conviction to bring LDC issues to the forefront.
We are pleased that the outcome document reflects this, especially in addressing both pre- and post-graduation needs of LDCs.
Now, the responsibility lies with us—
to translate this commitment into real action.
Let us use the momentum from Sevilla to advance the Doha Programme of Action,
and to realise the 2030 Agenda.
We urge our development partners to honour the Sevilla Commitment—fully and faithfully.
This is essential to:
Excellencies,
The Sevilla Commitment gives us more than hope— it gives us a path.
A chance to build a fairer, prosperous yet sustainable future for all.
With the right financing, we can invest in people.
We can fight poverty, build capacity, and create lasting opportunity.
We can harness the power of science, technology, and innovation—
by investing in infrastructure,
expanding access, and strengthening systems.
I believe, with collective resolve and a renewed spirit of multilateralism, the unmet promises of Addis—and beyond—can still be fulfilled.
Now, it is our duty to act.
Together, let us act—urgently, boldly, and faithfully.
Let us deliver the future our people deserve.
Thank you.
