The landmark Financing for Development conference in Sevilla has concluded with a renewed sense of resolve and a focus on action that can change lives worldwide, according to UN Deputy Secretary-General Amina Mohammed.
Civil society organisations have welcomed the consensus reached at the landmark sustainable development conference concluding this Thursday in Sevilla, while cautioning that real progress will depend on sustained action.
Space technologies are no longer a distant frontier but a critical foundation for daily life and global development, the UN Deputy Secretary-General said on Wednesday.
A senior UN official has told UN News that the global development challenge is not lack of money, but how to align public and private capital flows. The Sevilla Agreement adopted this week, sets out a roadmap for all UN Member States — except the US which pulled out earlier this month — with the aim of mobilizing that capital.
A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN’s pivotal sustainable development conference in Sevilla.
Spain and Brazil have launched a joint initiative to promote higher tax contributions from the super-rich worldwide, aimed at tackling soaring inequality by ensuring those with the most pay their fair share.
Now the big promises have been formally adopted in the Spanish city of Sevilla to turbocharge financing for sustainable development, how are the ambitious goals going to be met – and how quickly?
“We’re here in Sevilla to change course,” the UN chief told world leaders on Monday, calling on them to grasp a once-in-a-decade opportunity to close a $4 trillion financing gap facing developing countries to meet sustainable development goals – and build a better world for all.
From rising debt and shrinking investment, to the aid funding crisis and struggles to meet ambitious development goals, the global financial system is failing the people it's supposed to serve: fixing that is the challenge facing world leaders gathered in Spain's sweltering southern jewel of Sevilla this week, as the UN's 4th International Conference on Financing for Development gets underway. Follow our live Meetings Coverage below; app users can catch all the action from the opening session here and you'll find all related stories on our special dedicated page right here.
Funding cuts to international development have cast a pall over a major UN-led international conference set to address the huge challenges faced by countries in the Global South. Despite this sobering backdrop, Eva Granados, Spanish Secretary of State for International Cooperation, insists that global solidarity is still alive, despite indications to the contrary.
