Deputy Minister of Foreign Affairs of Belarus V.Rybakov participates in the Side Event on Sustainable Development financing and tax cooperation

24-05-2017

On May 23, 2017 at the United Nations Headquarters in New York, the Deputy Minister of Foreign Affairs of the Republic of Belarus, Valentin Rybakov, participated in the Side Event on Sustainable Development financing and tax cooperation.

The event was organized by the Permanent Mission of Panama to the United Nations in cooperation with the Organization for Economic Cooperation and Development in connection with the Second UN Economic and Social Council Forum on Financing for Development follow-up.

V. Rybakov mentioned the results of the Third International Conference on Financing for Development held in July 2015 in Addis Ababa, Ethiopia, and emphasized the importance of domestic resources mobilization for sustainable development and the importance of strengthening tax system as one of ways in which countries can mobilize resources for investment in development.

The Belarusian diplomat expressed the opinion that given the globalized nature of business and finance, there are limits to what countries can do on their own through domestic policy, and called for joint steps to enhance taxation capacities, strengthen anti-money-laundering measures, and arrange mutual legal assistance.

V.Rybakov noted the importance of these issues for middle-income countries and the need to take into account the needs of such countries in the international cooperation.

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