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UN Development Finance Conference Concludes in Seville with Call for Cooperation

Bridging the $4 trillion annual SDG financing gap hinges on multilateral action following the US withdrawal

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UN-Generalsekretär Antioni Guterres ist auf einem Bildschirm zu sehen, wie er bei der Bekanntgabe der Tagesordnung vom Podium aus spricht
Im spanischen Sevilla ist die vierte UN-Konferenz für Entwicklungsfinanzierung (FfD4) mit einem Aufruf zu mehr Zusammenarbeit zwischen den Staaten zu Ende gegangen.

Overview

  • The fourth UN Conference on Financing for Development convened in Seville with over 50 heads of state in the latest effort to tackle mounting SDG funding shortfalls.
  • The United States did not send a delegation to Seville and USAID officially ceased operations on July 1 after deep budget cuts.
  • UN Deputy Secretary-General Amina Mohammed expressed optimism that the US would return to a central role in global development assistance.
  • Oxfam said the conference highlighted significant obstacles for developing countries to meet SDG targets and called for stronger multilateral frameworks.
  • Participants backed proposals to triple the World Bank’s lending capacity and increase developing countries’ voting power at the UN to help address a $4 trillion annual financing gap.