Effective economic governance and fiscal management are essential to support long-term economic growth across the Asia-Pacific region. A multilateral approach to deepening regional economic cooperation and integration is needed to enhance regional demand and intraregional trade and connectivity. Alongside an increased focus on social inclusiveness and environmental sustainability, action in these areas is fundamental to the 2030 Agenda for Sustainable Development.
The financing needs to support implementation of sustainable development are enormous. Asia, home to 4.5 billion people, will need to invest as much as $26 trillion in infrastructure by 2030 and additional investments are needed to improve health care, education, clean drinking water and sanitation; reduce air pollution; and to support job creation in a more inclusive society. For four consecutive years, with your support we have had a strong exchange on the guiding principles for mobilizing the financial resources needed to support the 2030 Agenda as set out in the Addis Ababa Action Agenda.
The countries of the Asia-Pacific region have an opportunity to move the region’s integration to the next phase and deliver on the 2030 Agenda for Sustainable Development at the same time. ESCAP will work with all of you to support the multilateral solutions that can turn this ambition into a reality, to deflect the rising tide of protectionism.
Our ambition is to work with all member States to deliver across the four pillars of RECI. By finding multilateral solutions to shared challenges, the countries of the Asia-Pacific region have an opportunity to move the region’s integration to the next phase, and deliver on the 2030 Agenda for Sustainable Development.
Gender equality is critical for eradicating poverty and inequalities. Building a world where men and women have equal opportunities is not an isolated objective of the 2030 Agenda. The SDG policy framework offers a holistic approach to harnessing sustainability. Policy makers and implementers are expected to leverage the interdependence, interlinkages and balanced integration of the economic, social and environmental dimensions of development and manage the policy trade-offs, while also ensuring climate friendly and resilient infrastructure is developed to protect the environment.
Regional cooperation is critical to addressing shortcomings in progress for the countries with special needs, in particular the Least Developed Countries, and to mitigate the risks posed by the cross-border dimensions of regional megatrends, especially those related to trade, migration and responsible investments. Regional cooperation should focus on strengthening national statistical systems and innovations in data collection, especially in the context of an expanded understanding of multidimensional poverty and prosperity.
Wastewater generally receives little social and political attention in comparison to water supply challenges. Yet the two are intrinsically related, especially in the context of water scarcity. Neglecting wastewater can have highly detrimental impacts on the sustainability of water supplies, human health, the economy and the environment. An estimated 871,000 deaths globally were caused by the contamination of drinking water, inadequate handwashing facilities, and by inappropriate or inadequate sanitation services.
The discussions over the past three days have underlined the importance of regional cooperation in tackling the challenge of eradicating poverty and promoting inclusive sustainable development. The dialogue has given us more insight and understanding on how to approach these issues in the Asia-Pacific region, and has demonstrated how eager all the stakeholders are to work together.
ASEAN, the largest and most vibrant belt of Asia, has benefited from peace and stability as well as from its endeavors to become an integrated economic bloc that other subregions are looking to achieve and learn from. As ASEAN celebrates its 50th anniversary, ESCAP will also be commemorating its 70th year of operations. The two intergovernmental agencies have developed sound partnerships over the years and together we collectively strive to consolidate the ASEAN community, deepen integration and connectivity as well as strengthen efforts to narrow development gaps in the region.