Overview

• The first biennial Summit for a Sustainable, Inclusive and Resilient Global Economy brought together IFI chiefs, G7 and G20 leaders, and broad country groupings to align development financing efforts.
• Participants urged tripling multilateral development banks’ lending capacity, deploying new instruments to lower borrowing costs and risks, and expanding developing countries’ voice in global decision-making.
• Officials warned the SDGs are slipping out of reach with a $4 trillion annual financing gap compounded by a 9% drop in ODA in 2024 and a projected 9–17% decline in 2025.
• UN figures underscored military spending of about $2.7 trillion, reinforcing calls to redirect resources toward peacebuilding, climate action and development.
• A G20 foreign ministers’ session under South Africa’s presidency backed closer UN–G20 coordination, pressed reforms of IFIs and the WTO, and pointed to climate finance details expected to be finalized in Belém.