Tunisia's permanent mission to the UN in Geneva has reiterated its demand for the return of looted funds and called for reform of the international financial system. The mission made the statement during the 73rd session of the UN Conference on Trade and Development (UNCTAD). The mission emphasized Tunisia's unwavering demand for the return of its looted and smuggled funds. This call comes as many developing countries face significant debt crises.
The mission stressed the need for serious cooperation from all concerned countries to facilitate the recovery of looted funds. These funds could then be used for development projects that benefit the people of these countries. The goal is to enable these countries to eliminate poverty without being burdened by debt. According to Ramzi Loutati, the chargé d'affaires of Tunisia's permanent mission to the UN in Geneva, this cooperation is crucial.
Loutati emphasized that the continued existence of procedural, judicial, and legal obstacles hinders the return of looted funds to developing countries, including Tunisia. These obstacles undermine the legitimate sovereign right of these countries to recover their assets. The mission urged recipient countries to stop using these obstacles to prevent the return of looted funds.
Tunisia also called for reform of the international financial system to make it more just and equitable. The goal is to address the debt problems that have weakened the economies of many developing countries. Tunisia expressed support for the adoption of a legally binding international covenant on the right to development. This covenant would promote international cooperation, solidarity, and increased funding for development assistance.
The mission also emphasized the importance of facilitating the transfer of technology to developing countries. This would enable these countries to achieve sustainable development and reduce poverty. The international community must work together to address these issues and promote a more equitable global financial system.
According to Loutati, the international community must demonstrate a genuine political will to address these issues. The return of looted funds and reform of the international financial system are essential for promoting sustainable development and reducing poverty in developing countries. Tunisia's call for reform is part of a broader effort to promote a more just and equitable global financial system.
The 73rd session of UNCTAD provided a platform for Tunisia to reiterate its demands and call for international cooperation. The session brought together representatives from various countries to discuss key development issues. Tunisia's participation in the session reflects its commitment to promoting sustainable development and reducing poverty.
Key points
- Tunisia reiterates its demand for the return of looted funds and calls for reform of the international financial system.
- The international community must demonstrate a genuine political will to address these issues.
- Reform of the international financial system is essential for promoting sustainable development and reducing poverty in developing countries.
