Prime Minister KP Sharma Oli has informed Parliament about Nepal's participation and achievements at the fourth international conference on 'Financing for Development' held in Seville, Spain.
In today's meeting of the House of Representatives (HoR), Prime Minister Oli stated that the conference has contributed to increasing new partnerships globally for economic diplomacy and has further accelerated the achievement of sustainable development goals.
In the conference, Prime Minister Oli addressed on behalf of the least developed countries, advocating for their justice and socio-economic development.
He informed that through the implementation of the Sevilla commitment; these countries expect to receive global support and assistance for their upgrading. He mentioned that Nepal is set to graduate to a developing country by 2026.
Prime Minister Oli shared information to the House about his leadership and advocacy commitments through his address to the meeting of the group of least developed countries, various slide presentations, and roundtable discussions.
With forty-four least developed countries, Nepal has demonstrated the potential for effective leadership among those nations during the conference, he clarified. On the day before the conference, Prime Minister Oli addressed a gathering of civil society, calling for a proactive role of a strong civil society.
Prime Minister Oli also shared that Nepal has adopted a democratic and liberal system for civil society.
Prime Minister Oli said that the relations between Nepal and the United Nations have strengthened, and advocacy has taken place for the development of least developed countries.
"Expectations regarding financing for development, formal and informal development cooperation, as well as climate financing have been called for," said Prime Minister Oli.
"Efforts have been made to articulate the priorities of development partnerships. Nepal has proven to be a responsible and capable country in the international community. There are expectations for advancing economic diplomacy and increasing foreign investment."
Prime Minister Oli had departed for the conference on June 28 and returned home on July 4.
