UN General Assembly
2014

for sustainable global development. We also hope that, as we work towards the conversion of our interests, the foundational principle of common but differentiated responsibility will be respected. A compensation mechanism for the effective and full implementation of the Warsaw International Mechanism for Loss and Damage should be considered. We are convinced that, if nothing is done, the consequences resulting from climate change will affect us all and that we all will pay for our inaction. As the Secretary-General of the United Nations likes to say, we are all in the same boat. International cooperation, both with respect to climate change and in other areas, is key. In order to be effective, it must be more consistent and pragmatic in national systems and international structures alike, and development financing for countries must be based on criteria reflecting their real needs and vulnerabilities. We hope that clear directives and commitments are agreed upon in the next Conference on Financing for Development, to be held in Addis Ababa in July 2015, and that they lead the way to achieving the