Kathmandu, Nepal — The extensive plan of action adopted at the 4th International Conference on Financing for Development (FfD4), held recently in Sevilla, Spain (30 June – 3 July), triggers the question: Where will the money come from? When I hear of mind-blogging figures of money needed to tackle the most daunting challenges humanity faces,…
The landmark Financing for Development conference in Sevilla has concluded with a renewed sense of resolve and a focus on action that can change lives worldwide, according to UN Deputy Secretary-General Amina Mohammed. “The human consequences of rising debt burdens, escalating trade tensions and steep cuts to official development assistance have been brought into sharp…
A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN’s pivotal sustainable development conference in Sevilla. The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging…
A senior UN official has told UN News that the global development challenge is not lack of money, but how to align public and private capital flows. The Sevilla Agreement adopted this week, sets out a roadmap for all UN Member States — except the US which pulled out earlier this month — with the…
Civil society organisations have welcomed the consensus reached at the landmark sustainable development conference concluding this Thursday in Seville, while cautioning that real progress will depend on sustained action. 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…
“We’re here in Sevilla to change course,” the UN chief told world leaders on Monday, calling on them to grasp a once-in-a-decade opportunity to close a $4 trillion financing gap facing developing countries to meet sustainable development goals – and build a better world for all. António Guterres issued his clarion call noting that sustainable…
UN Member States have reached agreement on the outcome document for the Fourth International Conference on Financing for Development, to be formally adopted at an upcoming summit in Sevilla, Spain – though without the participation of the United States, which withdrew from the negotiations and announced it will not attend the conference. On Tuesday, Member…
