Overview

• The summit targets a $4 trillion annual shortfall in development financing that has grown since the COVID-19 pandemic and jeopardizes the 2030 UN Sustainable Development Goals.
• Delegates will officially adopt the 38-page Seville Commitment as a political blueprint guiding development funding for the next decade.
• The United States boycotted the talks after disagreements over climate, gender and tax provisions.
• Participants plan to discuss measures such as raising tax-to-GDP ratios, tripling multilateral bank lending, easing debt burdens and expanding climate finance tools.
• Developing nations are demanding fairer governance at the IMF and World Bank to boost their decision-making influence.