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" "IN COPENHAGEN,WE ALL MADECOMMITMENTS.US$30 BILLIONPER YEAR FOR FAST START, US$100BILLION FOR DEVELOPMENT s the future president of the G20 and theG8, France will strive to promote the ideaof innovative financing, said NicolasSarkozy, President of the FrenchRepublic, at the 65th United Nations GeneralAssembly Summit in New York. For the Fast Startcommitments from Copenhagem to be met, countriesmust find new sources of financing now, warned the President.Ten years ago, the world decided to reduce extremepoverty by half; to guarantee education for all children;to cut infant mortality by two thirds; to improvematernal health; to combat AIDS and malaria; and topromote gender equality.That was 10 years ago. Considerable progress has beenmade, but we still have a very long road ahead of us.We have five years to meet our objectives.During the past two years, the world has experiencedan unprecedented economic crisis. That raises thequestion: will we use the crisis as a pretext to do less,or, on the contrary, will we give ourselves a necessaryjump-start, will we fulfil our promises?France has decided to mobilise. We are the world'ssecond largest official development assistance donor,providing ?10 billion annually. And even though wewere already the second-largest contributor to theGlobal Fund to Fight AIDS, Tuberculosis and Malaria,we decided to increase our contribution by 20 per centduring the next three years. Not only do we not wish todecrease our contribution, not only do we not wish tomaintain it at its current level - we will increase it by20 per cent.While the crisis is severe in the wealthy countries,where it is creating deficits, its consequences aremuch harsher in the poor countries. So we do not havethe right to do less. And with regard to our decision, wehope that all the developed countries will decide to domore and, naturally, to help Africa on a priority basis.I also want to share my conviction that we will notsucceed with public funds alone; the private sectormust join in our effort. Indeed, as the future presidentof the G20 and the G8, I will attend the African Unionsummit at the end of January in Addis Ababa, andduring the year of my G20 and G8 presidency, I willstrive to promote the idea of innovative financingchampioned by Bernard Kouchner.At a time when all the developed countries are runningdeficits, I also want to express my conviction that wemust find new sources of financing to fight againstpoverty, on behalf of education, and to resolve themajor health problems in Africa. We can decide here toimplement innovative financing, the taxation offinancial transactions. Why wait? Finance has beenglobalised. Why should not we demand that financecontribute to stabilising the world through a minusculetax on each financial transaction?In Copenhagen, we all made commitments. US$30billion per year for Fast Start, US$100 billion fordevelopment. We will not meet our deadlines if we donot move forward on innovative financing. As futurepresident of the G20 and the G8, we will fight to developthis idea. It is essential and our credibility is at state.To conclude, let me add once again that we need tokeep our commitments to finance development,conceive of innovative financing and give Africa itsrightful place, notably in new global governance. I willreiterate that tirelessly from this podium. This is theWILL AND DETERMINATION100 G-20 MEMBERSNICOLAS SARKOZY,PRESIDENT, THE FRENCH REPUBLIC APhoto: The French Ministry of Foreign and European Affairs

G-20 MEMBERS09321st century; we cannot continue with the governanceof the 20th century.The coming year is the year of all possible changes.You are Heads of State and Government. After thecrisis, let us not fall back into our bad habits and ourdaily routines. The coming year must be one of greatchange. You have understood that France intends toparticipate in it: not, of course, to make speeches; not,of course, to preach; but to lead the entire worldtowards new global governance, towards greatersolidarity and towards the emergence of innovativefinancing. If we fulfil this condition, we will be believedand respected by all the peoples of the world. nThe above remarks are extracted from a speech byNicolas Sarkozy, President of the French Republic, atthe 65th United Nations General Assembly Summiton the Millennium Goals in New York on 20September 2010. Source: The French Ministry ofEuropean and Foreign Affairs.