Launch of the SS-SCSD Asia Pacific Committee and the South-South Asia-Pacific Finance Center

Hong Kong, April 13, 2014

Dignitaries, including ambassadors, government and United Nations officials, joined together with elite members of the private sector to commemorate the launch of two new initiatives under the guidance of the South-South Steering Committee for Sustainable Development (SS-SCSD): the SS-SCSD Asia-Pacific Committee and the South-South Asia-Pacific Finance Center.

At the outset, Ambassador Alexandru Cujba, Secretary-General of the SS-SCSD, expressed his confidence in the new initiative’s successful implementation of projects and development programs in countries of the Global South.

The first initiative launched during the ceremony, the SS-SCSD Asia Pacific Committee, serves as a new regional operative facilitating public-private partnerships. It will act as the supervising mechanism for programs and projects that will be carried out in various developing regions throughout the world in support of the efforts of the United Nations Member States and the implementation of the UN Millennium Development Goals.

The second entity, the South-South Asia-Pacific Finance Center, will work to harness the financial power of regional economies to provide financial support to developing countries in the Asia-Pacific region. Ambassador Francis Lorenzo, Executive-President of SS-SCSD, explained the initiative’s capacity as a financing and investment arm, whose function is to provide a financial platform, process, and channel to facilitate capacity building and sustainable economic development.

During the ceremony, President of the 68th Session of the United Nations General Assembly and chair of the SS-SCSD, Dr. John W. Ashe, expressed his confidence in the new initiative’s ability to act as dynamic organizations that will ultimately help United Nations Member States. He then symbolically sanctioned the leader of the new initiatives, Mr. Cai Esang, with a presentation of formal appointment letters.

The launching ceremony followed the successful completion of the High-Level Forum on South-South Cooperation, ICT and Financing for Sustainable Development, where officials gathered together with members of the private sector to interface, share best practices and ideas, and ultimately continue the successful work of the South-South Steering Committee for Sustainable Development, promoting growth, social progress, and sustainable development for the Global South.