With sustainable development under threat, the Seville summit revives hope and unity

“The human consequences of the increase in debt charges, climbing trade tensions and reductions in strong reductions in official development aid were highlighted this week,” she said to the closing session of the pivotal collection, in the middle of slicing temperatures in southern Spain.

Multilateralism at work

But in this context, the conference delivered a strong response – a Unifying result document solutions focused which reaffirms the addis Ababa commitments a decade ago, who seeks to “revive the sense of hope” through the Sustainable development objectives (ODD) and shows that multilateral cooperation is still counting and still works, said Mohammed.

She welcomed the host nation Spain’s commitment To help launch a new no Seville forum on debtThe appellant a crucial step to help countries better manage and coordinate debt restructuring efforts.

“Seville will not be recalled as an landing zone, but as a launch of the action, to improve the means of subsistence around the world,” said Carlos Cuerpo, host of the Minister of Finance of Spain, during the closing press conference.

“” Together, we have sent a strong message of engagement and confidence in multilateralism which can give tangible results To put sustainable development on the right track. »»

Li Junhua, under-secretary general of the United Nations for economic and social affairs and the secretary general of the conference, said that the week had proven The UN is “more than a simple space for dialogue; It is a powerful platform for solutions that transform lives ”.

“In Seville, we have demonstrated our collective desire to deal with the most urgent and complex funding challenges of our time,” said the DESA chief at the end.

Concrete action plan

Ms. Mohammed said that the press conference closing delegates had done “A serious attempt and long awaited to face the debt crisis“While aimed at filling the lack of massive funding for the 2030 sustainable development objectives (SDG).

She reiterated the three main areas of action for Seville’s commitment:

• An important investment push to fill the lake of financing of the SDGs
• Concrete steps to resolve unsustainable debt charges
• Greater votes for countries in development for global financial decision -making

In addition to this agreement, more than 100 new initiatives have been launched under the Sevilla platform for action. This is in particular a world center for debt exchanges, a “debt break” alliance and a solidarity levy on private jets and first -class flights to finance the objectives of climate and development.

“” This platform has sparked new partnerships, innovative solutions that will bring real change in people’s lives“Said Ms. Mohammed. They do not replace broader funding commitments, but a sign that creative thought will finally lose. “”

Grateful Critique of civil society groups Regarding the limited access to official discussions, she is committed to putting pressure for greater inclusion. “” We hear you, “she said, adding that” this confidence must be won. “”

Here is a summary of key commitments in the future of Seville:

Brush the debt charges:

• Spain and the World Bank will direct a Development debt swaps To increase debt transactions for development.
• Italy will convert 230 million euros in African debt to development in development.
• A Alliance of the debt break clause Development countries and banks suspend debt payments during crises.
• THE Seville forum on debt Will help countries coordinate debt management and restructuring efforts.

Mobilize the investment:

• A Global solidarity levies The coalition will tax private jets and premium flights to collect climate and SDD funds.
• THE ESCALATION The platform will expand mixed finances, supported by public and private partners.
• FX edge And Delta Will help increase loans in local currency through risk management tools.
• Brazil and Spain will carry out work on the equitable taxation of the rich.
• The new technical assistance hubs will support the preparation and delivery of the project.

Reinforcement of financial systems:

• The funding platforms led by the country will support national plans.
• The UK-Bridgetown coalition aims to extend the funding of disasters.

Role of the private sector:

During the International Business Forum, companies are committed to increasing impact investments, with $ 10 billion in projects presented.