Explanation of Position on a Second Committee Resolution on Financial Inclusion for Sustainable Development

Maria Apud
U.S. Adviser for the Second Committee
New York, New York
November 20, 2023

AS DELIVERED

Thank you very much, Chair, and to the Facilitator. The United States is pleased to join consensus on the resolution. We take this opportunity to clarify our position on a few issues.

Regarding blended finance, the United States views it as an important risk-sharing mechanism for promoting sustainable development that can help to overcome barriers to inclusion. Contrary to the distinction drawn in this resolution, blended finance can be accomplished with any combination of developing country domestic public and private finance, as well as external public and private finance.

We refer you to our General Statement – delivered on November 9th and posted in full online – for our positions on illicit financial flows, trade and tech transfer, the independence of other fora and institutions, and reform of the international financial institutions.

Thank you.

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