Mr. President,
Cuba has the honour to deliver this statement on behalf of the Like-Minded Group of countries. The list of 33 co-sponsors will be posted on the Extranet.
We thank the Independent Expert for her efforts to make visible the negative impact of foreign debt on the realization of all human rights, especially economic, social and cultural rights, including the right to development.
Despite the continuous resolutions of the HRC on this subject, unfortunately, the external debt of developing countries has almost doubled in the last 10 years.
There is an urgent need for an immediate solution to the problem of the foreign debt, whose excessive amount hinders the South's efforts to focus on sustainable development.
Achieving this, implies transforming the unjust international economic order and the unequal financial architecture, which perpetuate poverty, inequality and lack of development.
Achieving this also implies the granting of special and differentiated treatment to affected countries, the elimination of unilateral coercive measures and the fulfillment by developed countries of their Official Development Assistance commitments.
I thank you.