The landmark Financing for Development conference in Sevilla has concluded with a renewed sense of resolve and a focus on action that can change lives worldwide, according to UN Deputy Secretary-General Amina Mohammed.
Civil society organisations have welcomed the consensus reached at the landmark sustainable development conference concluding this Thursday in Sevilla, while cautioning that real progress will depend on sustained action.
The president of the world’s second largest multilateral development bank has lauded progress made during the pivotal UN financing for sustainable development conference in Sevilla, saying the commitment by countries to work together is “positive, encouraging – and we need to do better.”
Asian Infrastructure Investment Bank (AIIB) chief Jin Liqun told Matt Wells who’s in Sevilla for UN News that amid “formidable” global challenges, no one country or institution can stay on the path to sustainability on their own.
Nations taking part in a flagship UN conference have pledged to address the debt crisis in the Global South and boost sustainable development. However, the real test will be whether or not these commitments will be translated into action.
A senior UN official has told UN News that the global development challenge is not lack of money, but how to align public and private capital flows. The Sevilla Agreement adopted this week, sets out a roadmap for all UN Member States — except the US which pulled out earlier this month — with the aim of mobilizing that capital.
Migration must be viewed as a core part of global development policy, not just a humanitarian response, says Amy Pope, Director General of the International Organization for Migration (IOM).
Spain’s head of international financing has told UN News that after deep uncertainty at the beginning of the year when power changed hands in the United States, the financing for development conference taking place in Sevilla has shown than multilateralism is “back on track.”
Inés Carpio told Matt Wells in the southern Spanish city that she was very optimistic coming out of the conference, when a platform for action was a major part of the outcome document, adopted on day one.
A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN’s pivotal sustainable development conference in Sevilla.
