Sri Lanka FM highlights importance of adequate funding for developing countries

Sri Lanka reiterated the call of the Group of 77 for adequate funding for development initiatives, enabling the developing countries to overcome the multifaceted challenges that hinder the achievement of the SDGs amidst the current global situation due to the pandemic

Nov 15, 2020
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Sri Lanka reiterated the call of the Group of 77 for adequate funding for development initiatives, enabling the developing countries to overcome the multifaceted challenges that hinder the achievement of the SDGs amidst the current global situation due to the pandemic.

Issuing a statement for the 44th Annual Meeting of Ministers for Foreign Affairs of the Group of 77, Sri Lanka’s Foreign Minister Dinesh Gunawardena noted that the unprecedented consequences arising from the current health crisis has spilled over to economies, as reflected globally by exacerbating the vulnerabilities in trade, tourism, investment, and employment, and Especially, developing countries are facing an additional burden.

In this context, the Minister recalled President Gotabaya Rajapaksa’s call to the international community at the Financing for Development Conference, for debt relief and to adopt fiscal policies to mitigate the impact of COVID-19.


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