Latest update March 7th, 2025 7:05 AM
Guyana’s Ambassador selected to push UN’s developmental financing program
In what Guyana says is a major boost for its respect on the international scene, the Permanent Representative of Guyana to the United Nations, Ambassador George Talbot, has been selected to help that body develop a future program for developmental financing.
According to the Ministry of Foreign Affairs, Norway’s UN representative, Ambassador Geir Pedersen, will also be teaming up with Talbot on the project.
Ambassador
George Talbot
They have both been mandated to conduct inclusive and transparent inter-governmental consultations, with the participation of major institutional stakeholders, on all issues related to the forthcoming third international conference on financing for development, including the date, format, organisation and scope of the conference.
The conference will likely be held in 2015, the Ministry said.
With the United Nations currently working on the post-2015 development agenda as a successor to the Millennium Development Goals framework that anchored the Organisation’s work in development since 2000, an agreement on the means of implementation, including on financing, will be critical to the efficacy and successful implementation of the new agenda.
The UN, headquartered in New York, is an inter-governmental organization established on October 24th, 1945 to promote international co-operation. It has more than 190 countries as its members.
According to the Foreign Ministry, the financing for development conference is expected to provide a holistic framework for mobilizing resources from a variety of sources and for the effective use of financing for the achievement of the sustainable development goals that will be at the core of the post-2015 development agenda.
Public financing, including official development assistance (ODA), will remain a key component of global financing for development.
“The leveraging of financing from other sources, including new private sector investments, unlocking domestic resources, harnessing trade flows and curbing illicit outflows will be among the important questions that the conference will address,” the Ministry explained.
“Guyana’s appointment is a reflection of the respect that the country enjoys at the United Nations, in particular on issues of sustainable development. It affords a special opportunity to contribute to the effort to update and strengthen the multilateral financing framework that could help to translate the post-2015 development agenda into meaningful outcomes for member countries.”
This latest Guyana-Norway collaboration at the multilateral level follows on the already established bilateral cooperation arrangement between the two countries in the promotion of sustainable development and the combat of climate change.
Both countries have signed a ground-breaking agreement for US$250M that will see oil-rich Norway releasing funds for developmental programs.
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