The 4th International Conference on Financing for Development (FFD4) convened in Sevilla, Spain, on June 30, 2025, focusing on multilateralism and equitable development. The meeting highlighted the importance of national ownership and the need for strong global partnerships to achieve collective success, particularly for Africa, which is positioned as a key player in global production and innovation.

The discussions emphasized the necessity of a development-oriented sovereign debt architecture, advocating for public debt to serve as a tool for development rather than a burden. Participants called for effective debt management, transparency, and responsible borrowing practices to ensure sustainable development. The outcome document recognized the importance of trade and industrialization as essential drivers for structural transformation, with a focus on lowering borrowing costs and expanding fiscal space.

A significant point raised was the need for reform in international financial institutions to enhance the representation of developing countries. The conference underscored that without affordable capital and open markets, progress would be hindered. The establishment of the Africa Bridal Rating Agency was noted as a crucial step towards better understanding African economies and addressing high debt premiums.

Cabo Verde's President, Jose Maria Pereira Neves, addressed the challenges faced by small island developing states, including heightened debt and vulnerability to climate change. He called for predictable climate financing and equitable representation in global economic decision-making. Neves emphasized the need for innovative financing tools and greater technical assistance for vulnerable states.

Gordana Siljanowska Davkova, President of North Macedonia, expressed gratitude to the Spanish hosts and reflected on the historical context of the United Nations' formation. She highlighted the ongoing geopolitical and economic challenges that threaten multilateral efforts to achieve the Sustainable Development Goals (SDGs). Siljanowska Davkova advocated for revitalizing the UN and strengthening the multilateral system through a renewed social contract that emphasizes shared responsibilities among nations.

The conference concluded with a call for robust, measurable commitments to support the Sevilla Commitment, aiming to address the structural asymmetries within the international financial architecture and promote global solidarity in financing development. The discussions set a hopeful tone for future collaboration and action towards equitable development and sustainability.