Statement by Delegation of Armenia, Ms. Julieta Tavakalyan, Third Secretary of Permanent Mission, at Second meeting of Preparatory Committee for Fourth International Conference on Financing for Development: International development cooperation

04 December, 2024

Mr. Chair,

At the outset, Armenia would like to express its gratitude to the co-facilitators for presenting an action-oriented Elements paper, which will provide solid bases for the outcome document of the Fourth International Conference on Financing for Development.

It is commendable to see a comprehensive set of proposals in the Elements paper aimed at transforming and further improving the international development cooperation, especially for the benefit of developing countries and countries in special situations, which are particularly vulnerable in the face of global interlinked crises, conflicts, surging inflation and public debt, energy and food price increase, and the impact of climate change.

As a landlocked developing and middle-income country that shares many structural constrains and vulnerabilities of LLDCs and MICs, Armenia emphasizes the need for the FFD4 outcome document to ensure that the diverse and specific development needs of LLDCs are properly considered, while outlining further commitments to enhance development financing for ensuring their structural transformation, promoting infrastructure development, and transition to climate-resilient economies. It is important that the development cooperation and financing frameworks to be outlined in FfD4 Conference, prioritize and contribute to the implementation of targets, commitments, and envisaged actions of the new Programme of Action for LLDCs to be adopted by the General Assembly.

Mr Chair,

Against the backdrop of the fragile global economic system, continuing impacts of climate change and the rise of geopolitical tensions, the middle-income countries require special attention of the UN Development System and international financial institutions to strengthen national capacities for domestic resource mobilization and access to different external funding. There is a need for tailored approaches and elaboration of a comprehensive set of criteria going beyond the GDP per capita, especially when it comes to facilitating access to concessional financing.

Furthermore, the FfD4 Conference and its outcome document provide a milestone opportunity to reiterate the need for the UN Development System to advance the elaboration of a specific inter-agency, comprehensive, system-wide response plan for middle-income countries, in line with and the mapping exercise conducted by the Secretary-General and deriving from its recommendations.

Dear colleagues,

Countdown to the Agenda 2030, we hope these discussions will inform and support the elaboration of a better response to the current and emerging development challenges, mobilizing all relevant stakeholders and available resources to build back better and leave no one behind.

I thank you.

MFA RA
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