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yesterday

UN Conference in Sevilla Launches Negotiations on New Development Finance Pact

Negotiations aim to bridge a $4 trillion annual shortfall for the 2030 SDGs through long-term financing and debt relief.

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Inmitten drastischer Einschnitte bei internationalen Hilfen hat im südspanischen Sevilla die vierte UN-Konferenz für Entwicklungsfinanzierung begonnen.
In Sevilla beginnt am Montag die vierte UN-Konferenz für Entwicklungsfinanzierung. Es soll ein neuer globaler Finanzrahmen ausgehandelt werden, um die UN-Nachhaltigkeitsziele wie Armuts- und Hungerbekämpfung, Klimaschutz und Gesundheit zu erreichen.
Reem Alabali Radovan SPD sitzt an einem Tisch bei der Konferenz in Sevilla

Overview

  • Some 70 heads of state, including UN Secretary-General António Guterres, convened in Sevilla on June 30 for the fourth UN Conference on Financing for Development.
  • Negotiations are underway to finalize the Compromiso de Sevilla agreement and a new global financing framework to secure long-term support for the 17 Sustainable Development Goals by 2030.
  • The United States did not send a delegation after President Trump froze foreign aid and cut over 80 percent of USAID programs in January.
  • Civil society groups such as Venro and Germanwatch warn that the current draft lacks concrete measures on debt relief and global tax justice to close the estimated $4 trillion funding gap.
  • UNDP chief Haoliang Xu urged wealthier states to invest in development cooperation as a foundation for peace even as global defense spending reached $2.7 trillion last year.