“No one is safe until everyone is safe,” Foreign Minister Ali Sabry said commenting on Sri Lanka’s debt sustainability and economic crisis.
The Foreign Minister stated that the financial crisis has affected the allocation of funding for several essential areas, such as education, climate change, and sustainable and renewable energy.
Stating that countries, such as Sri Lanka are grappling with interest and debt payments, he stated this has limited the allocation of funds for other sustainable development goals.
“This is affecting the whole world. It is a cascading effect. You cannot say I am safe within one’s borders. This is a globalized world,” he stated.
Minister Sabry also emphasized that everyone must work together and think about this issue.
“Whatever you do you need to get a new market looking for growth. That market may come from the developing world or emerging economies. This is interconnected and intertwined all over the globe. I think that’s an area we need more attention,” he added.
Foreign Minister Ali Sabry made the remarks while participating in the 2023 Annual Meeting of the New Champions held in Tianjin, China. (NewsWire)
"Nobody is safe until everybody is safe. " @alisabrypc, Minister of Foreign Affairs of Sri Lanka, at #amnc23 in Tianjin, China.
Watch the full session here: https://t.co/HAVcGpdyAu pic.twitter.com/kRGNv4kA1k
— World Economic Forum (@wef) June 28, 2023