UN General Assembly
2015

Our efforts to eradicate poverty and promote development must be collective and global in scope. In my country, however, we know that the end of extreme poverty is only the beginning of a long journey marked by new gains. For six years, we have been working to prevent the impact of the world crisis that began in 2008 in the developed world from overwhelming our economy and our society. During those six years, we have adopted a comprehensive set of measures, including reducing taxes, expanding credit, strengthening investment and stimulating household consumption. We have increased employment opportunities and income levels in that period. This effort has now come to an end owing to both domestic fiscal constraints and external conditions. The slow recovery of the world economy and the end of the ”commodity super cycle” have negatively affected our economic growth. Currency devaluation and recession pressures have triggered inflation and a substantial reduction in tax revenue, leading to restrictions in public finance.