Syria supports reform of the world financial system to be more responsive to the least developed countries’ needs

Doha, SANA- Developing countries are most affected by the consequences of the coronavirus pandemic, Ambassador Hossam El-Din Ala, head of the Syrian delegation to the Fifth United Nations Conference on the Least Developed Countries, which is currently being held at Doha, Qatar.

Ambassador Ala assured that “inflation, economic recession, weak investments, food security crises, high energy prices and climate challenges threaten to reverse the progress made in achieving the sustainable development goals.”

“Syria supports the calls to reform the global financial system and make it more responsive to the needs and priorities of developing countries and more supportive of the efforts of least developed countries in their pursuit of the sustainable development goals, on top, the eradication of poverty,” said Ala.

“The recent natural disasters of the world’s countries, including floods, hurricanes and earthquakes have alerted the world to the importance of securing support for developing and least developed countries to enhance their resilience to these disasters and their effects on the population, “Ala stressed.

“Syria also emphasizes the importance of developed countries’ meeting their commitments at the Paris Conference to help them adapt to climate change and calls for support to the Loss and Damage Fund established last year at the UN Framework Convention on Climate Change,” he indicated.

According to the diplomat, Syria mobilized its institutions for rescue work, debris removal, care for those affected by the recent earthquakes, in addition to facilitating the delivery of aid to all those affected.

“Syria appreciates the solidarity and support it received from countries and international organizations, especially from the least developed countries, which translated the slogans of international solidarity into real humanitarian action at a time when other countries refrained from providing support due to political considerations,” he concluded.