The State of Qatar participated in a panel discussion entitled "On the Road to the Sustainable Development Goals Summit: Strengthening Partnership with the Private Sector"Held at the United Nations Headquarters in New York. HE Permanent Representative of the State of Qatar to the United Nations Sheikha Alia Ahmed bin Saif Al-Thani said in a speech during the session that the State of Qatar believes in the centrality of the private sector in achieving the 2030 sustainable development plan, as the private sector is an important engine for innovation and economic growth, adding that Qatar This was embodied in a distinctive way during its hosting of the Fifth United Nations Conference on the Least Developed Countries and the Private Sector Forum, in which more than 300 representatives of the business sector participated to discuss ways to enhance the role of the private sector in implementing the Doha Work Programme, as it contributed to issuing commitments that ranged from financial investment to growth. economic, job creation, and innovative solutions to support least developed countries. Her Excellency referred to the fruitful partnership between the State of Qatar and the private sector for the implementation of the Qatar National Vision 2030, which is a blueprint for social and economic development, such as the Qatar Investment Authority, for example, which showed its commitment to sustainable development goals through its various initiatives and the establishment of a team dedicated to focusing on sustainable investment according to the principles of United Nations for Responsible Investment. She stated that the Qatar Investment Authority established the Qatar Investment Fund for Climate Change to invest in projects and companies that are in line with the climate agenda and sustainable development goals, including renewable energy projects, energy-efficient buildings and sustainable transportation, adding that the fund entered into a partnership with the United Nations Framework Convention on Climate Change. and the Global Green Growth Institute, to support the implementation of climate-friendly initiatives and promote sustainable development, and have funded education and access to health care in developing countries. HE Sheikha Alia Ahmed bin Saif Al-Thani noted that the State of Qatar has established the Qatar Development Bank to promote entrepreneurship and innovation, by identifying investment opportunities and partnerships that increase investments compatible with the sustainable development goals, such as the Green Business Fund, which provides financing for small and medium-sized enterprises. that works to develop environmentally sustainable projects. In the context of encouraging investment in developing countries, Her Excellency stated that the State of Qatar has signed more than 50 bilateral agreements to encourage investment, and in addition to that, the State of Qatar is also focusing on strengthening means of implementation and revitalizing the global partnership for sustainable development by providing financial resources to developing countries through transfers Expatriate labor, which amounted to 7.92 percent of the GDP of the State of Qatar in 2018. In her speech, Her Excellency Sheikha Alia Ahmed bin Saif Al Thani, Permanent Representative of the State of Qatar to the United Nations, highlighted Qatar’s contribution of $50 million to the Lives and Livelihoods Fund, which Established by the Qatar Fund for Development (QFFD) in partnership with the Islamic Development Bank and other donors, to provide financial support to private sector companies investing in sustainable development initiatives in developing countries. On the Future Summit, which will be held next September, HE the Permanent Representative of the State of Qatar affirmed that the private sector will have a major role in the success and implementation of the sustainable development goals.
Read the Latest World News Today on The Eastern Herald.
