Overview

• The Compromiso de Sevilla was officially adopted at the conference’s opening but remains non-binding and has drawn criticism for lacking concrete commitments.
• The United States sent no delegation after cutting more than 80 percent of USAID funding, underscoring its withdrawal from multilateral development cooperation.
• Germany, France, the UK, Belgium and the Netherlands have all sharply reduced their development assistance budgets ahead of the conference.
• UN Secretary-General António Guterres and UNDP head Haoliang Xu urged accelerated investments to counteract rising inequalities, climate chaos and conflicts.
• Delegates are negotiating specific reforms to the global financial architecture and exploring innovative financing measures to close the estimated $4 trillion annual shortfall.