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Finland for ensuring debt sustainability in developing countries

Published : 22 Nov 2020, 00:53

  DF Report

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Ville Skinnari, Minister for Development Cooperation and Foreign Trade. File Photo Ministry for Foreign Affairs.

EU development ministers will gather to discuss debt sustainability and debt relief in partner countries on Monday.

Minister for Development Cooperation and Foreign Trade Ville Skinnari will represent Finland in the informal video conference, said a press release of the Ministry for Foreign Affairs.

The COVID-19 pandemic has weakened the economic situation and deepened the debt crisis in many developing countries. As a result, debt sustainability in developing countries has attracted international attention once again.

"Finland emphasises that ensuring debt sustainability in developing countries is a joint mission for all EU Member States. We must take the role of China and the private sector into consideration and encourage them to take part in the mission”, said Ville Skinnari.

At their meeting, EU development ministers will also discuss gender equality and promoting the empowerment of women in all external relations. The EU’s new action plan for promoting gender equality in external relations, Gender Action Plan, will be published on 24 November.

This year marks the 25th anniversary of the adoption of the Beijing Declaration and Platform for Action, aimed at strengthening women's human rights, and the 20th anniversary of the adoption of UN Resolution 1325 ‘Women, Peace and Security’.

“All women and girls have the right to have control over their own bodies, sexuality and reproduction. Including sexual and reproductive health and rights in the action plan will promote its implementation. It is important that the action plan cover all external relations. In accordance with UN Resolution 1325 ‘Women, Peace and Security’, Finland will continue its efforts to strengthen the role of women in peace processes”, Skinnari said.