“The human consequences of rising debt burdens, escalating trade tensions and steep cuts to official development assistance have been brought into sharp relief this week,” she told the closing session of the pivotal gathering, amid sizzling temperatures across southern Spain. Multilateralism at work But against that backdrop, the conference has delivered a strong response – […]
Activists, many from the Global South, attending the talks in Spain, are calling for greater leadership and commitment from wealthier nations to help address long-standing structural inequalities. The 4th International Conference on Financing for Development (FFD4) carries strong symbolic weight, reflected in the agreed priorities of the Sevilla Commitment. Courtesy of Paula Sevilla Paula Sevilla, […]
Development benefits all countries because it is linked to other areas of activity and society, including basic security itself. Without it, there is no hope – and no stability. That is the key message from the Director of the UN Development Programme’s Bureau for Policy and Programme Support (UNDP), Marcos Neto, to all other nations […]
The promises were made at the opening of the Financing for Development Conference (FFD4), currently underway in the Spanish city of Sevilla, when delegates agreed on the Sevilla Commitment. During the conference UN News spoke to Li Junhua, the UN Under-Secretary General for Economic and Social Affairs and Secretary-General of the international summit. Li Junhua: The […]
The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging as a key part of the Sevilla Agreement outcome document. “This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development, Dr Rania Al-Mashat. “The Borrowers’ […]
António Guterres issued his clarion call noting that sustainable development powered by international cooperation, is now facing “massive headwinds.” Addressing the opening session of the 4th Financing for Development Conference (FFD4) in baking hot Sevilla, Spain – basking in record high June temperatures – the Secretary-General noted multilateralism itself is also feeling the heat, while […]
From rising debt and shrinking investment, to the aid funding crisis and struggles to meet ambitious development goals, the global financial system is failing the people it’s supposed to serve: that’s the challenge facing world leaders gathered in Spain’s sweltering southern jewel of Sevilla this week, as the UN’s 4th International Conference on Financing for […]
Today, a $4 trillion financing gap is hindering progress toward achieving the Sustainable Development Goals (SDGs) by the end of this decade. In response, the Fourth International Conference on Financing for Development (FFD4) will take place in Sevilla, Spain, beginning on 30 June, bringing together stakeholders to advance solutions to the financing challenges threatening sustainable […]
On Tuesday, Member States at UN Headquarters endorsed the finalized outcome document, known as the Compromiso de Sevilla (the Seville Commitment), following months of intensive intergovernmental negotiations. It is intended as the cornerstone of a renewed global framework for financing sustainable development, particularly amid a widening $4 trillion annual financing gap faced by developing countries. […]