(3 Minutes Read)
The U.N. and Spain, the conference co-hosts, believe the meeting is an opportunity to reverse the downward spiral, close the staggering USD 4 trillion annual financing gap to promote development, bring millions of people out of poverty, and help achieve the U.N.’s wide-ranging and badly lagging Sustainable Development Goals for 2030
Many of the world’s nations are gathering starting Monday in Spain for a high-level conference to tackle the growing gap between rich and poor nations. It is expected that participating countries will plead for trillions of dollars needed to close the widening gap.
The meeting is taking place against the backdrop of the United States, a major aid donor, having drastically cut the amount of aid. The U.N. and Spain, the conference co-hosts, believe the meeting is an opportunity to reverse the downward spiral, close the staggering USD 4 trillion annual financing gap to promote development, bring millions of people out of poverty, and help achieve the U.N.’s wide-ranging and badly lagging Sustainable Development Goals for 2030.
The 4th International Conference on Financing for Development (FfD4) will be held from 30 June to 3 July 2025 in Seville, Spain. The conference will address new and emerging issues, the urgent need to fully implement the Sustainable Development Goals, and support reform of the international financial architecture.
On the road to FfD4, partner countries, together with their development partners and other actors, will take part in the 2023-26 Global Partnership Monitoring Exercise and track their progress at the country level on more effective development cooperation.
Read Also:
https://trendsnafrica.com/un-calls-for-coordinated-international-efforts-to-support-libya/
United Nations Secretary-General Antonio Guterres said that countries need and deserve a system that lowers borrowing costs, enables fair and timely debt restructuring, and prevents debt crises in the first place.
