News From Mission News From Mission

 

 

Mr. Chairman,

Excellencies and Distinguished Delegates,

 

The multifaceted challenges that we face today - from climate change and economic inequality to geopolitical tensions and humanitarian crises - requires more than a one-size-fits-all solution.

 

2. Rising temperatures, extreme weather events, and sea-level rise significantly challenge our global resilience.

 

3. Concurrently, economic inequalities persist, particularly in developing nations that struggle to access affordable finance. The widening gap between developed and developing countries undermines social reforms and obstructs progress toward sustainable development.

 

4. Geopolitical tensions exacerbate these issues, leading to migration, displacement, and further humanitarian challenges.

 

5. Addressing these interconnected problems demands a coordinated and multidimensional approach, fostering comprehensive solutions.

 

6. At the heart of our response must be the reform of the international financial architecture to better support the aspirations of all nations, especially those in the developing world.

 

Excellencies,

 

7. We must collectively rethink the criteria for accessing international finance, ensuring they reflect the diverse realities of all countries and create pathways for meaningful development.

 

 

8. Malaysia calls for a financial system that prioritises inclusivity and sustainability, including enhanced support for regional development banks and the adoption of new financial instruments tailored to the needs of developing and least developed economies.

 

9. Financing for sustainable development, particularly in critical areas such as climate action, healthcare, and green infrastructure, must be prioritised to achieve the 2030 Agenda and Sustainable Development Goals.

 

10. Transparency and inclusivity in the governance of international financial institutions are essential.

 

11. Malaysia advocates for broader civil society involvement and capacity-building initiatives to strengthen monitoring and evaluation mechanisms, ensuring efficient use of funds, accurate outcome measurement, and the application of lessons learned to future projects.

Excellencies,

 

12. Malaysia reaffirms its commitment to multilateralism as the cornerstone of our collective efforts to build a better future. We stand ready to work with all nations to reform the international financial system, to ensure that it serves as a catalyst for sustainable, inclusive, and equitable development.

 

Thank you.