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Seville conference launches platform of initiatives to narrow SDG financing gap, prioritizes debt relief

July 04, 2025 | United Nations, Federal


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Seville conference launches platform of initiatives to narrow SDG financing gap, prioritizes debt relief
United Nations Deputy Secretary‑General Amina Mohammed and Spain’s Minister of Economy Carlos Cuerpo on Thursday outlined the outcomes of the fourth International Conference on Financing for Development in Seville, announcing an outcome document called the Compromiso de Sevilla and a Seville platform for action that organizers say contains more than 100 initiatives to translate commitments into finance for the Sustainable Development Goals (SDGs).

The conference singled out three priority areas: an investment push to close the SDG financing gap; measures to confront the global debt crisis; and institutional changes to elevate developing countries’ voice in the international financial architecture. "Over the last 4 days, we've had 10,000 people, including over 50 heads of government and state," Mohammed said, summarizing participation and the conference’s scale.

The Seville platform for action bundles private‑ and public‑sector proposals and new mechanisms that delegates presented during sessions, roundtables and side meetings. Organizers highlighted a global hub for debt swaps, a debt pause alliance to coordinate emergency relief, a new multilateral development bank (MDB) tool to manage currency risk, and proposals for solidarity levies on premium‑class flights and private jets to generate additional resources for sustainable development and climate action. Mohammed said the platform has "sparked new partnerships, innovative solutions that will deliver real change in people's lives."

Debt relief and restructuring were a focal point. Delegates unveiled proposals ranging from a proposed Seville forum on debt to a trust for debt buybacks and an initiative described during the briefing as a mechanism to free up fiscal space for borrower countries. Carlos Cuerpo characterized one proposal — widely discussed at the conference as a Jubilee or debt‑buyback fund leveraging unused special drawing rights (SDRs) — as technically feasible if advanced economies provide political backing. He described a calculation presented to delegates that could unlock about $100 billion by reallocating existing pledges of SDRs, and said the proposal needs political will to proceed.

Speakers also flagged compressed public financing: Mohammed noted forecasts that global official development assistance (ODA) could fall by about 17% in 2025, while borrowing costs for many countries have risen. She and Cuerpo pointed to a range of financing channels discussed at the conference, including private‑sector mobilization, MDB balance‑sheet leverage using SDRs, and targeted technical assistance to help eligible countries access those resources.

Journalists asked whether the conference could succeed without the United States’ active participation. Mohammed called the U.S. absence "unfortunate" but said many delegations attended at "a very high level," and she expressed hope the U.S. would reengage. Cuerpo echoed that view and said Seville’s message is that needs persist and the international community must press ahead with new coalitions and instruments.

On climate and investment flows, both speakers linked the financing talks to other global forums. Mohammed pointed to rising investments in renewables alongside continued fossil‑fuel finance and said the conference aims to steer greater private capital toward adaptation and low‑carbon transitions. Cuerpo noted that discussions at Seville complement other international processes and emphasized incentives to channel financing toward greener investments.

Organizers said the Seville platform has already attracted more than 130 initiatives presented over the conference, with participation from 37 countries and several multinational banks and private‑sector actors. Both speakers emphasized follow‑up: Mohammed said Spain would support the secretary‑general in consultation with member states and stakeholders to operationalize the Seville forum on debt, and Cuerpo said Spain would follow implementation "very closely."

While the briefing announced the platform and proposals, it included no formal votes or legally binding decisions; Mohammed described an outcome document that reaffirms commitments from the Addis Ababa Action Agenda and sets a programmatic agenda for follow‑up. Organizers and delegates will now move from conference commitments to the technical and political work required to convert proposals — including debt pause mechanisms, debt swaps and SDR‑based instruments — into operational programs.

The briefing concluded with organizers urging political support and technical follow‑through to turn the Seville outcomes into financed, implementable action for the SDGs.

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