In an interview on the eve of a four-day UN conference in Spain that aims to rally fresh impetus for the embattled development sector, Haoliang Xu emphasised that investment in aid, trade and defence was “not a zero-sum game”.
Rich donors, notably the United States and European countries, have cut aid budgets and boosted defence spending as conflicts in Ukraine and the Middle East upend global security.
But the Chinese diplomat insisted that it was in wealthy countries’ interest to support developing nations despite competing priorities and crises.
“Crises in one part of the world will have an impact on other parts of the world that are currently prosperous and stable,“ added Xu.
The World Bank says the number of extreme poor living on less than $3 a day in nations suffering conflict and instability is poised to hit 435 million by 2030.
At least 50 world leaders are expected in Seville from Monday for the Fourth International Conference on Financing for Development, the biggest such talks in a decade.
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