Global Financial System Must Align with Common Vision for Sustainable Development, Secretary-General Tells Finance Forum in China

(Delayed for technical reasons.)

Following is the text of UN Secretary-General Ban Ki-moon’s video message to the International Finance Forum 2016 annual conference, in Shanghai, China, held on 1 September:

I am honoured to address the International Finance Forum at a time when global development is at a critical stage.  Last year in New York, world leaders agreed to the 2030 Agenda for Sustainable Development, an ambitious programme for people, peace, prosperity and the planet.  In Paris, we arrived at a historic universal agreement on climate change.  And in Addis Ababa, we agreed to mobilize the resources and technology needed through a strengthened global partnership.

But, these historic agreements come against a backdrop of weak demand and great volatility.  We need economic stimulus and structural reforms to achieve sustainable growth.

So the theme of this conference — “F20 Initiative:  Reshape the Essence of Finance” — is very timely.  We must create an international financial system in which financial flows are aligned with our common vision for sustainable development.

China’s approach towards these challenges will be critical.  I commend the approach of the Hangzhou Summit towards promoting sustainable growth in this post-crisis era.

I send you my best wishes for a successful conference.

Thank you.