Marking the United Nations Day for South-South Cooperation, Secretary-General Ban Ki-moon has urged the acceleration of the development momentum across the global South, while the UN labour chief highlighted the great potential for developing countries working together to help improve the working lives of millions.
Mr. Ban said in his message for the Day that
South-South cooperation can […] play a key role in implementing the 2030 Agenda for Sustainable Development. As we embark on efforts to achieve the Sustainable Development Goals, we need to accelerate development momentum across the South, including by building resilience and mitigating risk.
Mr. Ban also noted that developing countries have become critical actors, saying a majority have joined the middle-income club, and some have attained impressive economic growth, high savings and investment rates, and a larger share of trade in goods and services.
The New Development Bank recently established by Brazil, Russia, India, China and South Africa, as well as the proposed Asian Infrastructure Investment Bank, hold considerable promise to complement existing sources of finance for development.
In his message, International Labour Organization (ILO) Director-General Guy Ryder said there is a lot of room for scaling up South-South cooperation and for strengthening interregional cooperation in the global South.
Today the International Labour Organization highlights the role of South-South cooperation in helping to raise the living standards of millions of women and men through decent jobs as we confront the challenges of delivering the 2030 Development Agenda.
To mark the importance of South-South cooperation, the United Nations General Assembly decided to observe this Day on September 12 every year, commemorating the adoption in 1978 of the Buenos Aires Plan of Action for Promoting and Implementing Technical Cooperation among Developing Countries.