“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...
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. United...
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 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 Commitment outcome document. “This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development,...
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...
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...
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: fixing that is the challenge facing world leaders gathered in Spain’s sweltering southern jewel of Sevilla this week, as the...