Overview

• US withdrawal and cuts by other wealthy nations have dampened hopes for securing fresh development funding at the once-a-decade conference.
• Delegates aim to adopt the Seville Commitment blueprint that calls for tripling multilateral development bank lending capacity.
• The framework also urges predictable funding for essential social spending and enhanced cooperation to curb tax evasion.
• Activists marched through Seville calling for legally binding debt cancellation, climate justice and taxes on the super rich.
• Least developed countries face a $4 trillion annual financing shortfall and a tripled external debt burden over 15 years, according to UN data.