US EditionSouth Africa Pushes for Debt Relief and Global Financial Reform at UN Financing Summit in Spain
ANDALUSIA, SPAIN, JUN 30 – The summit aims to mobilize resources for the Sustainable Development Goals amid a $4 trillion annual financing gap and US absence over policy disagreements, organizers said.
- On June 29 in Seville, UN Secretary-General Antonio Guterres, Spanish Prime Minister Pedro Sánchez, and King Felipe VI inaugurated the conference to mobilize resources for global cooperation.
- Following June's New York talks, a common declaration was produced to address a $4 trillion annual development finance shortfall, leading to the summit's focus on reform and resource mobilization.
- While all 193 UN member states are represented, the United States notably opted out citing disagreements over gender equality, trade, debt, and technology transfer, with leaders like von der Leyen, Macron, and Zelenskyy attending.
- The European Investment Bank is convening private sector leaders and multilateral banks to scale investment in emerging markets, unveiling new deals under the EU’s Global Gateway strategy.
- With five years left until 2030, nearly 3.3 billion people live in countries spending more on debt than health or education, highlighting the urgency to achieve SDGs.
22 Articles
22 Articles
der Standard AT
The United Nations conference in Spain aims to cut budgets, cut US support and mitigate the consequences of climate change
In Spain, the fourth UN Conference on Financing for Development has begun - in the midst of drastic austerity measures in international aid. The USA remains demonstrably far from the conference.
The uncomfortable moment occurred when the President of Colombia was received by the monarch and Queen Letizia at the Fourth International Conference on Financing for Development convened by the UN; Spanish President Sanchez also had mistakes
King Felipe has called for “continue on the long road to multilateral diplomacy” and for the realization of a tangible “road map” in the face of the “evident lack of funding” of development cooperation at the opening this Monday of the Fourth United Nations International Conference on Financing for Development, held in Seville, the first European city to host this summit. The head of State, recognizing that multilateral diplomacy is not always t…
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