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Qatar Tribune
an hour ago
- Business
- Qatar Tribune
Al Misnad leads Qatar's delegation to FfD4 high-level session, meets Swiss official
QNA Madrid Qatar participated in the high-level opening session of the 4th International Conference on Financing for Development (FfD4) currently taking place in Seville in Spain. The State of Qatar's delegation to the session was headed by HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad. The conference comes to follow up on the United Nations' (UN) process on financing for development by reinforcing the agreements and commitments of the three previous international conferences. The first of which was held in Monterrey, Mexico, in 2002 where fundamental principles for development financing were established. Doha hosted the second conference in 2008 amid the global financial crisis, giving it particular significance in addressing the impact of the crisis on developing countries. The third conference, which took place in Addis Ababa, Ethiopia, in 2015, resulted in the Addis Ababa Action Agenda, a comprehensive framework for financing sustainable development. On the sidelines of the conference, the Minister of State for International Cooperation met with Vice-Minister for International Cooperation and Director-General of the Swiss Development Cooperation Agency (SDC) Patricia Danzi. The meeting discussed relations between Qatar and the Swiss Confederation and ways to enhance them, particularly in the areas of international development and humanitarian aid. The two sides stressed the importance of integrating roles and coordinating efforts to enhance sustainable humanitarian responses in conflict-affected areas, particularly in Syria and Afghanistan.
Qatar Tribune
7 hours ago
- Business
- Qatar Tribune
Qatar participates in high-level opening session of FfD4
MADRID: The State of Qatar has participated in the high-level opening session of the 4th International Conference on Financing for Development (FfD4) in Seville, in the Kingdom of Spain. The State of Qatar's delegation to the session was headed by Minister of State for International Cooperation HE Maryam bint Ali bin Nasser Al Misnad. The conference comes to follow up on the United Nations' (UN) process on financing for development by reinforcing the agreements and commitments of the three previous international conferences. The first of which was held in Monterrey, Mexico, in 2002 where fundamental principles for development financing were established. Doha hosted the second conference in 2008 amid the global financial crisis, giving it particular significance in addressing the impact of the crisis on developing countries. The third conference, which took place in Addis Ababa, Ethiopia, in 2015, resulted in the Addis Ababa Action Agenda, a comprehensive framework for financing sustainable development.
Morocco World
2 days ago
- Business
- Morocco World
Morocco to Join Global Leaders at UN Development Finance Summit in Seville
Tangier — Morocco is taking part in a major United Nations conference on development financing from June 30 to July 3 in Seville, Spain. Heads of international states and governments will attend the UN conference alongside global economic and social leaders, aiming to strengthen multilateral cooperation systems and improve their financial structures. The 4th International Conference on Financing for Development (FfD4) aims to provide a platform to create a renewed global financing framework that unlocks larger amounts of capital for development at lower costs. Participants are set to examine how to reform the international financial architecture to better serve developing nations. UN Secretary-General António Guterres and Spanish Prime Minister Pedro Sánchez will inaugurate the summit, which is set to focus on strengthening multilateral cooperation systems and improving their financial structures. Key goals and initiatives The conference will launch the Seville Platform for Action, mobilizing coalitions of countries and stakeholders to address common sustainable development challenges through joint initiatives. Building on the 2015 Addis Ababa Action Agenda and 2024 Pact for the Future, the summit will accentuate the role of international cooperation in financing global development needs. Organizers have planned over 370 events covering multilateral development financing, including sessions on domestic resource mobilization, private sector engagement, and development cooperation effectiveness. The gathering brings together governments, international organizations, financial institutions, businesses, and civil society representatives. The Organization for Economic Co-operation and Development (OECD) participates actively in the Seville Conference as a long-standing partner in international development financing systems. The OECD plays an active role, contributing data and analysis to inform discussions about transparency and accountability in development financing. The organization participates in 25 platform initiatives and more than 40 side events. This conference represents a critical moment for reshaping how the world finances sustainable development and addresses global challenges through improved international cooperation. Morocco's participation reflects the country's broader vision to enhance its development strategies via financial policies. Tags: Development financeFfD4MoroccoUnited Nations
Scoop
3 days ago
- Business
- Scoop
Hope Renewed For Keeping The Promise Of The SDGs As World Leaders Head To Sevilla For The FFD4
4th International Conference on Financing for Development, June 30-July 3 New York, 25 June 2025 – Amid mounting debt burdens and declining investment, to reduced aid and growing trade barriers, world leaders will gather in Sevilla next week for the Fourth International Conference on Financing for Development (FFD4). Access to food, health, education and water provides communities around the world a path out of poverty. But billions of people live in countries that pay more in interest on debt than on health or education. Against this backdrop, the high-level gathering marks a pivotal moment for the international community to reaffirm that the ambition and commitments made to sustainable development in the landmark 2015 Addis Ababa Action Agenda, remain strong; that international cooperation is delivering progress and action; and that the promise of the Sustainable Development Goals (SDGs) endures. Speaking at a press briefing today, UN Deputy Secretary-General Amina Mohammed stressed the need for immediate action, 'A decade after world leaders embraced the 2030 Agenda and the Addis Ababa Action Agenda, we remain off course – the system is failing those it was meant to uplift. 'But Sevilla offers a chance to change course – to catalyze investment, address the debt and sustainable development crisis, and reform the rules of the system to put people's needs at the center,' she added. 'It sends a powerful message to the world that despite persistent headwinds, international cooperation is delivering progress and there is renewed hope in keeping alive the promise of the SDGs.' In his remarks at the press briefing, Ambassador Héctor Gómez Hernández, Permanent Representative of Spain to the United Nations highlighted, 'This conference is an appeal to action and we have the extraordinary opportunity to send a very strong message to defend the international community's commitment to multilateralism.' In Sevilla, the global community will formally agree to a range of actions that advance the financing for development agenda. To unlock investment, member states will double support for mobilizing domestic resources, triple lending by Multilateral Development Banks, and remove constraints to private capital in frontier markets. To address the debt crisis, new initiatives will be launched to scale up debt swaps and debt pause clauses, and a borrowers' forum will be established to share experience and coordinate approaches. To create a fairer financial system, member states will advance efforts to give developing countries greater voice in decision-making and call for a review of the role of Special Drawing Rights that assist countries in emergencies. Co-facilitator of the negotiation process, Ambassador Chola Milambo, Permanent Representative of Zambia to the United Nations noted that the negotiated outcome document sent a message of hope to the world, 'That we can tackle the financial challenges that stand in the way of the SDGs and that multilateralism can still work.' From Sevilla to the upcoming G20 Summit in Johannesburg, momentum is building to deliver solutions across debt, trade, financing and investment in support of the 2030 Agenda. About FFD4 The Fourth International Conference on Financing for Development (FFD4), to take place in Sevilla, Spain, from 30 June to 3 July 2025, will bring together world leaders to advance solutions to financing challenges threatening the achievement of sustainable development. Governments, international organizations, financial institutions, businesses and civil society will commit to financing our future through a renewed global framework for financing for development. The Conference is expected to adopt the Compromiso de Sevilla, an intergovernmentally negotiated outcome, which was approved for adoption by consensus at the Fourth Preparatory Committee Meeting for FFD4 (17 June 2025). The Conference will mark the beginning of implementation of the outcome document, signaling a new phase of collective action on financing for development. Coalitions of countries and diverse stakeholders will announce ambitious commitments and solutions under the Sevilla Platform for Action that will operationalize the renewed financing framework and move from dialogue to delivery.
Scoop
19-06-2025
- Business
- Scoop
Ahead Of UN Summit, Countries Finalise Landmark ‘Compromiso De Sevilla'
On Tuesday, Member States at UN Headquarters endorsed the finalized outcome document, known as the Compromiso de Sevilla (the Seville Commitment), following months of intensive intergovernmental negotiations. It is intended as the cornerstone of a renewed global framework for financing sustainable development, particularly amid a widening $4 trillion annual financing gap faced by developing countries. A reinvigorated framework Co-facilitators of the outcome document – Mexico, Nepal, Zambia and Norway – hailed the agreement as an ambitious and balanced compromise that reflects a broad base of support across the UN membership. 'This draft reflects the dedication, perseverance, and constructive engagement of the entire membership,' said Ambassador Alicia Buenrostro Massieu, Deputy Permanent Representative of Mexico. 'Sevilla is not a new agenda. It is a strengthening of what already exists. It renews our commitment to the Addis Ababa Action Agenda and aligns fragmented efforts under a single, reinvigorated framework,' she added. Nepal's Ambassador Lok Bahadur Thapa called the outcome a 'historic opportunity' to confront urgent financing challenges. 'It recognizes the $4 trillion financing gap and launches an ambitious package of reforms and actions to close this gap with urgency,' he said, highlighting commitments to boost tax-to-GDP ratios and improve debt sustainability. United States withdrawal The agreement came despite sharp divisions on several contentious issues, culminating in the United States decision to exit the process entirely. 'Our commitment to international cooperation and long-term economic development remains steadfast,' said Jonathan Shrier, Acting US Representative to the Economic and Social Council. 'However, the United States regrets that the text before us today does not offer a path to consensus.' Mr. Shrier voiced his country's objection to proposals in the draft, which he said interfered with the governance of international financial institutions, introduced duplicative mechanisms, and failed to align with US priorities on trade, tax and innovation. He also opposed proposals calling for a tripling of multilateral development bank lending capacity and language on a UN framework convention on international tax cooperation. Renewal of trust Under-Secretary-General for Economic and Social Affairs Li Junhua welcomed the adoption of the document, calling it a clear demonstration that 'multilateralism works and delivers for all.' He praised Member States for their flexibility and political will in finalizing the agreement, despite challenges. 'The FFD4 conference presents a rare opportunity to prove that multilateralism can deliver tangible results. A successful and strong outcome would help to rebuild trust and confidence in the multilateral system by forging a renewed financing framework,' Mr. Li said. For the common good The Sevilla conference, to be held from 30 June to 3 July will mark the fourth major UN conference on financing for development, following Monterrey (2002), Doha (2008) and Addis Ababa (2015). It is expected to produce concrete commitments and guide international financial cooperation in the lead-up to and beyond the 2030 deadline of the Sustainable Development Goals (SDGs). 'We firmly believe that this outcome will respond to the major challenges we face today and deliver a real boost to sustainable development,' said Ambassador Thapa of Nepal.
