U.S. Statement on the Global Multi-Stakeholder Small Island Developing States Partnership Dialogue at the 2023 High-Level Political Forum
Deputy U.S. Representative for ECOSOC
New York, New York
July 11, 2023
Thank you to both co-chairs for your work in organizing today’s important event, and thank you to the panelists for your important points.
The United States is committed to our relationships with our SIDS partners and friends, and we appreciate the opportunity to discuss best practices, challenges and successes of multi-stakeholder partnerships with you.
In recognition of the importance of multistakeholder partnerships, President Biden launched the Partnership for Global Infrastructure and Investment (PGII) alongside his G7 counterparts at the G7 Leaders’ Summit in June last year, joined by SIDS including Comoros and the Cook Islands.
There, he announced that over the next five years, the United States aims to mobilize $200 billion—as part of a G7 total of $600 billion—in investments globally.
One of its flagship projects is the “Infrastructure for Resilient Island States,” offering expertise, knowledge, and capacity building for SIDS as part of the Coalition for Disaster Resilient Infrastructure.
For these projects to be effective, appropriate macroeconomic environment, social and environmental safeguards and good governance are important underlying factors to attract and sustain multi-stakeholder partnerships, especially those that include the private sector.
Other key factors include the use of public funds to catalyze and de-risk private investment, adequate project preparation, and effective and transparent project implementation.
Together, our investments can support our mutual economic and national security, and directly respond to the stated needs of SIDS. We look forward to working with you.