Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday stressed upon the international community to implement all the commitments undertaken at the SDGs Summit and in particular at the SDGs Stimulus.
During a high level dialogue on ‘Financing for Development (FFD)’, the prime minister said that given the large financing gap between the developed and the developing countries, they needed to mobilize private investment to achieve the Sustainable Development Goals (SDGs).
Unfortunately, he opined, most private sector investment flowed to the advanced economies and some to mature energy markets and virtually none in the rest of the developing countries.
The prime minister underscored that the UN system should address the reasons for the possibility of the public private investment in the developing countries, including investment projects, high cost of capital, regulatory framework and the SDGs related banking projects.
He also called upon utilization of all the UN offices and agencies to help the developing countries achieve and implement SDGs projects.
He said that the developing countries also required to mobilize the private investment to achieve the SDGs.
PM Kakar stressed upon connecting all the stakeholders on one platform and enabling the developing countries to accelerate their national projects.
B Nadeem Faisal Baiga