Mr. Chair,

I have the honor to deliver this statement on behalf of the Group of 77 and China.

The Group welcomes the convening of the First Biennial Summit for a sustainable, inclusive, and resilient global economy. This Summit is a timely platform that we hope will contribute to the goal of democratizing global economic governance and to enhance the implementation of commitments on financing for development, particularly following the Fourth International Conference on Financing for Development.

The Group underscores that today's global economic governance remains disproportionately shaped by a few actors, while developing countries bear the greatest burdens of debt distress, capital flight, and declining aid flows. Strengthening the voice and participation of developing countries in decision-making is not only a matter of equity, but also of legitimacy and effectiveness in addressing global challenges.

We emphasize the urgency of closing the growing SDG financing gap-now exceeding $4 trillion annually-through bold action, full implementation of past commitments, and strengthened multilateral cooperation. The Biennial Summit must galvanize collective resolve to ensure resources are mobilized and directed towards sustainable development, leaving no country behind.

The Group further calls for the IMF to strengthen the Global Financial Safety Net to to enable developing countries to release the massive resources tied up in self-insurance so that they can be invested in sustainable development.

We urge Multilateral Development Banks, institutions that we commonly own to foster development, to show much greater ambition in using their lending headroom to scale up affordable finance for developing countries, so that we can meet the sustainable development emergency head-on.

The Group also reiterates its rejection of unilateral coercive measures, which undermine the ability of developing countries to achieve sustainable development and exacerbate existing vulnerabilities.

Finally, the Group calls for deeper collaboration between multilateral institutions and all States, in a spirit of solidarity and inclusivity, to deliver on the 2030 Agenda and to build a fairer, more resilient international financial architecture.

Thank you.