Statement by His Excellency Hussain Mohamed Latheef, Vice President of the Maldives at the SIDS Debt Sustainability Support Service (DSSS) Side Event at the Fourth International Conference on Financing for Development

Vice President Hussain Mohamed Latheef delivered a statement at the SIDS Debt Sustainability Support Service (DSSS) Side Event during the Fourth International Conference on Financing for Development in Seville. He emphasized that unsustainable debt is the biggest barrier to sustainable development for SIDS, resulting from systemic failure of the international financial architecture. He called for reforming the financial architecture, starting with SIDS, to provide fiscal space and concessional finance. The Maldives champions a 'debt relief for resilience-building' mechanism that rewards investment in resilience with debt relief concessions. He urged operationalizing the DSSS at the earliest, noting that SIDS are ideal testing grounds for innovation. The statement was made on behalf of President Dr. Mohamed Muizzu, co-chair of the DSSS Strategic Advisory Group.

Vice President Hussain Mohamed Latheef delivered a statement at the SIDS Debt Sustainability Support Service (DSSS) Side Event during the Fourth International Conference on Financing for Development in Seville. He emphasized that unsustainable debt is the biggest barrier to sustainable development for SIDS, resulting from systemic failure of the international financial architecture. He called for reforming the financial architecture, starting with SIDS, to provide fiscal space and concessional finance. The Maldives champions a 'debt relief for resilience-building' mechanism that rewards investment in resilience with debt relief concessions. He urged operationalizing the DSSS at the earliest, noting that SIDS are ideal testing grounds for innovation. The statement was made on behalf of President Dr. Mohamed Muizzu, co-chair of the DSSS Strategic Advisory Group.

Vice President Hussain Mohamed Latheef delivered a statement at the SIDS Debt Sustainability Support Service (DSSS) Side Event during the Fourth International Conference on Financing for Development in Seville. He emphasized that unsustainable debt is the biggest barrier to sustainable development for SIDS, resulting from systemic failure of the international financial architecture. He called for reforming the financial architecture, starting with SIDS, to provide fiscal space and concessional finance. The Maldives champions a 'debt relief for resilience-building' mechanism that rewards investment in resilience with debt relief concessions. He urged operationalizing the DSSS at the earliest, noting that SIDS are ideal testing grounds for innovation. The statement was made on behalf of President Dr. Mohamed Muizzu, co-chair of the DSSS Strategic Advisory Group.

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