In July, global leaders will gather in Seville, Spain for the Fourth UN Financing for Development Conference (FfD4) — a once-in-a-decade opportunity to overhaul the financial systems that shape our world. Right now, the global systems are failing.
Low-income countries are being crushed by unsustainable debt. Many countries spend more on repayments than on health and/or education — while climate disasters multiply and public budgets shrink. Meanwhile, wealthy nations have cut aid and stalled reforms.
FfD4 must be the moment leaders deliver systemic change: real debt relief, fair representation in global institutions, new forms of innovative finance, and renewed political commitments to aid.
The money exists. During the pandemic, trillions were mobilized in weeks. The problem isn’t scarcity - it’s injustice. If we want a more equal, sustainable world, Seville must be a turning point.