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Meeting of Finance ministers in Suva told that SDG’s roadmap builds directly on lessons learned from the MDG’s

 Radio & TV Tonga, Nuku’alofa, 07/04/2017

 

The Pacific Islands should learn their lessons from not achieving some of the objectives of the Millennium Development Goal’s by 2015.

 

Therefore it is important that we ensure robust foundation to achieve the Sustainable Development Goals – SDG’s by 2030.

 

Dame Meg Taylor – Secretary General of the Pacific Forum Leader’s Meeting brought the issue to light during the Finance and Economic Minister’s meeting underway in Suva.

 

Representing Tonga at the meeting is the Minister of Finance and National Planning – Hon. Tevita Lavemaau and his CEO – Balwyn Fa’otusia.

 

The Secretary General highlighted the importance of producing coherent data as a means of monitoring and reporting.

 

She also spoke of the increasing vulnerability and fragility of our region and the need for climate change and disaster risk considerations to be factored into resilient development in our Pacific States.

 

It was evident through many risks that are faced by Pacific Islands in the Cyclones of Winston, Pam and Maysak.

 

She added, we,  as a region need to recognize the role of the private sector in mobilizing finance to support our regional priorities, most especially in climate change,

 

The global landscape of climate finance in 2015 showed that a total of 391 Billion US dollars was mobilized and of this, private finance accounted for 69%.

 

Samoa’s Finance Minister – Honorable Epa Tuioti opened the meeting yesterday and said that as Minister of Finance they have crucial roles of advising their leaders relating to economic development both at national and regional levels.

 

He said they should work together to address challenges faced including problems of distance to international markets, smallness of domestic markets, fiscal imbalance and others.

 

He said these issues are further exacerbated by the serious challenges posed by impacts of climate change.

 

For if there are no linkages between the national and regional aspirations then how can they take ownership of their regional development goals?

 

He says the SDG’s are a reflection of our global commitment to improve the economic and social livelihoods of the Pacific people.

 

© Radio and Television Tonga News