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World leaders adopt Seville Commitment to address $4 trillion SDG financing gap
Summary
Delegates at the Fourth International Conference on Financing for Development in Seville approved the Seville Commitment by consensus, with leaders highlighting a $4 trillion annual shortfall to meet the Sustainable Development Goals and calling for debt, tax and multilateral finance reforms.
Leaders at the Fourth International Conference on Financing for Development in Seville approved the Seville Commitment by consensus on the opening day, setting out a framework to increase financing for the 2030 Sustainable Development Goals (SDGs).
The Seville Commitment, adopted “if there are no objections,” was presented to delegates by the conference presidency and accepted by acclamation, conference officials said. The text—negotiated during preparatory meetings and the intergovernmental process—frames measures on debt transparency, multilateral development bank lending, tax cooperation and private-sector mobilization.
The document matters because leaders said it aims to narrow a vast financing gap that, they say, threatens delivery of basic public services worldwide. Prime Minister Pedro Sánchez Pérez‑Castejón of Spain, elected president of the conference, told delegates the “financing gap for achieving the sustainable development goals is estimated at $4,000,000,000,000 annually.”…
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