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Private sector urged to invest in sustainable development at World Investment Forum

Private sector urged to invest in sustainable development at World Investment Forum

by The Daily Eye Team October 14 2014, 3:11 pm Estimated Reading Time: 1 min, 13 secs

“There is a strong business case for investing in sustainability. Private sector approaches can help us to innovate,” UN Secretary-General Ban Ki-moon said in a welcoming address delivered by video. “At the same time, collaboration and partnership can ensure that investment in sustainable development is inclusive and aligned with the priorities of countries. This Forum helps to forge such links.” Mr. Ban added: “You have the opportunity to contribute to improved livelihoods and well-being for billions of people over decades to come.”

President of Switzerland Didier Burkhalter, co-host of the grand opening with UNCTAD and the canton and city of Geneva, reiterated his government’s support for the objectives of UNCTAD in mobilizing private sector funding for sustainable development in partnership with the public sector. “We need a strong and realistic ‘business plan’ to finance fair and efficient sustainable development,” Mr. Burkhalter said. “The latest UNCTAD World Investment Report has shown this and proposed an Action Plan that offers a promising path and underlines the need for innovation.”

United Nations Office at Geneva Acting Director-General Michael Møller said that discussions at the Forum were “not merely technical debates [but went] to the heart” of the mission of the entire United Nations. He welcomed the opportunity that the Forum gives to “break down silos” between public and private stakeholders in development

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