PM Oli Stresses Reform of International Financial System at Civil Society Forum

Prime Minister KP Sharma Oli, currently on an official visit to Spain to participate in the United Nations’ Fourth International Conference on Financing for Development, addressed the closing plenary session of the Civil Society Forum as the chief guest, emphasizing the need for reform in the global financial system.

During his address, PM Oli highlighted that developing countries must fulfill their commitments to attract and utilize financial investments effectively. He stressed the importance of continued advocacy by civil society on unresolved agendas related to development aid, debt sustainability, and financial system reform.

“You are not just participants of this forum, but catalysts for change and powerful voices,” Oli said. “Your advocacy can contribute to visible, meaningful outcomes.” He reiterated Nepal’s strong belief in good governance, rule of law, and democratic values, noting that the country is progressing toward inclusive development and prosperity. He added that investments should be made globally based on inclusiveness, needs, and proportionality, and praised civil society’s global partnerships and engagement.

Calling for equitable and sustainable futures that leave no one behind, PM Oli urged civil society to contribute actively toward building a just world for people and the planet.

Speaking at the same event, which was also attended by Spanish Deputy Prime Minister Carmen Calvo Poyato, Oli stressed the shared responsibility of all stakeholders to mobilize private capital for decent job creation, inclusive growth, and development resource mobilization.

The declaration passed by the civil society session will be formally adopted by the Fourth International Conference on Financing for Development.