US EditionNations Meet in Spain for UN Effort to Raise Trillions to Combat Poverty without the U.S.
- In Seville last Monday, the U.N. and Spain hosted a summit with over 70 nations, but the U.S. notably rejected the $4 trillion financing effort to reduce global poverty.
- Mounting debt burdens and declining investments fueled a $4 trillion annual shortfall to meet the U.N.'s Sustainable Development Goals by 2030, prompting the global summit in Seville.
- Over 70 leaders and institutions attended, with developing nations set to pay $947 billion in debt this year, alongside reforms like a 15% minimum tax and tripled MDB lending.
- Despite consensus on the Seville Commitment, the U.S. withdrew after rejecting the negotiated outcome, disrupting unity and raising concerns over future cooperation.
- U.N. Deputy Secretary-General Amina Mohammed pledged to re-engage with the U.S., as Guterres aims to repair strained multilateral cooperation and uphold the global promise of the Seville Commitment.
20 Articles
20 Articles
Governments of many of the nations of the world, but not of the United States, met Monday in Spain to address the growing gap between rich and poor nations and try to raise the trillions of dollars needed to close it.
Nations are meeting in Spain to combat poverty, but the U.S. isn’t one of them. Here’s why
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 and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.The four-day Financing for Development meeting in the southern city of Seville is taking place as many countries face escalating…
U.S. skips global UN meeting aimed at raising trillions to combat poverty
Many of the world’s nations gathered Monday in Spain for a high-level conference to tackle the growing gap between rich and poor nations and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.
How to Raise Trillions to Fight Climate Change, With or Without the U.S.
Nations meet in Spain for UN effort to raise trillions to combat poverty without the U.S.
Many of the world’s nations gathered Monday in Spain for a high-level conference to tackle the growing gap between rich and poor nations and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.
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