Spain : UN Conference On Development Financing Opens

The UN 4th International Conference on Financing for Development (FFD4) is ongoing in Sevilla after the adoption of the Sevilla Commitment or Compromiso de Sevilla, an inter-governmentally negotiated outcome that lays the foundation for a renewed global framework for financing development. Commitments include steps to close the $4 trillion financing gap for the Sustainable Development Goals (SDGs), address the debt crises, and reform the rules of the system to make the international financial system fairer and more transparent, putting people’s needs at the center, and injecting new hope for people around the world.
Speaking during the opening ceremony on June 30, 2025, the King of Spain, Felipe VI urged participants at the Conference to bolster the values of multilateralism amid global fears and uncertainties. To the Monarch, a message of renewed and vigorous impetus for the sustainable development agenda must emerge from the Seville Conference. “I hope your voice is heard loud and clear. May a new roadmap emerge from here based on concrete, tangible and achievable results. Because in these times, there is no better argument than concreteness to reach the entire international community.”
On the heels of the King was the UN Secretary-General, Antonio Guterres who said, “We are here in Sevilla to change course. To repair and rev up the engine of development to accelerate investment at the scale and speed required. And to restore a measure of fairness and justice for all. “The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.” he reiterated. Other speakers during the opening wer...