Developing countries need around $4 trillion every year?to tackle some of the world’s biggest challenges, according to estimates by the United Nations.?
Starting today, world leaders, ministers, international financial institutions, businesses, civil society and senior UN officials are coming together in Sevilla, Spain, with solutions to finance a sustainable and prosperous future that works for everyone.?
The , or “FFD4”, takes place at a moment when our world is facing grave uncertainty. A challenging global economy, rising trade barriers, geo-political tensions, and war – all are taking a serious toll on nations across the globe.
“Unless urgent action is taken, the world will miss its promised deadline of 2030 for delivering on the internationally agreed Sustainable Development Goals. That is why it is so critical to make Sevilla a success; to catalyze a global investment push for a sustainable future,” said Li Junhua, Under-Secretary-General for Economic and Social Affairs and Secretary-General of the Conference.
“The SDGs are not just abstract global targets; they represent the lives and livelihoods of people all over the planet. If our climate and poverty targets are not met, people suffer.”
The conference, taking place from 30 June to 3 July, is expected to gather some 10,000 attendees.
In addition to the , it features over 300 , along with , as well as the and SDG Investment Fair being organized on the sidelines.
The conference is expected to adopt the "Compromiso de Sevilla", an intergovernmentally negotiated outcome, which was approved for adoption by consensus earlier in the month. The International Conference on Financing for Development?will mark the beginning of the implementation of the outcome document, signaling a new phase of collective action.
Coalitions of countries and other international actors will launch voluntary initiatives as part of the to deliver concrete actions that help boost financing for sustainable development.
“FFD4 is a once-in-a-decade opportunity to strengthen multilateralism and deliver an international financial system that works for people and planet,” said Mr. Li.
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