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The Sevilla Commitment: A Vital Step to Rebuild Trust in Global Cooperation (UNOG - United Nations Office at Geneva)
ANDALUSIA, SPAIN, JUL 3 – The Sevilla Commitment, endorsed by 192 countries, outlines 130 initiatives to mobilize $4 trillion annually for sustainable development through investment, debt reforms, and financial system changes.
- Civil society groups in Seville urged the U.N. to cancel debt in poorer nations and promote climate justice, citing this as a response to historical injustices from the Global North to the Global South.
- Rebeca Grynspan, the Secretary of UNCTAD, described the Seville Commitment as 'a strong document' that offers 'more practical solutions' for better implementation of economic justice goals.
- Civil society organizations criticized the Seville Commitment, arguing it fails to address the ambitious reforms needed to tackle global systemic crises, especially those related to the Global North's decision-making power.
- The U.N. plans to establish a borrower countries platform to support economic reforms, acknowledging the ongoing debt crisis and aiming to improve negotiation terms without threatening market stability.
12 Articles
12 Articles
Social Activists Demand Global Economic Justice at the Seville Conference - teleSUR English
They call for an end to the injustices inflicted by developed countries on the peoples of the Global South. After four days of deliberations in Spain, the United Nations’ 4th International Conference on Financing for Development (FFD4) concluded on Thursday with the adoption of the “Seville Commitment.” RELATED: Lula Calls for New Financing Model to Tackle Sustainable Development and Climate Crisis This UN-related gathering brought together abou…
FfD4 at Sevilla Plants the Seeds of Debtor Unity
Pedro Sánchez, Ursula Von der Leyen, António Guterres, from left to right, at the 4th International Conference on Financing for Development. Credit: Dati Bendo/European UnionBy Michael GalantNEW YORK, Jul 4 2025 (IPS) UN Member States adopted the ‘Compromiso de Sevilla’ at the Fourth Financing for Development Forum (FfD4) which concluded July 3– the culmination of months of contentious negotiations that pitted wealthy nations against the develop…
The Secretary-General of UN Trade and Development (UNCTAD), Rebeca Grynspan, welcomed, in a conversation with the President of the EFE Agency, Miguel Ángel Oliver, the road map drawn up during the Fourth International Conference on Financing for Development (the so-called Seville Commitment), which she sees as "a good document", with "more landed solutions" that will allow a "better implementation". Grynspan explained that the meeting, which has…
BBVA Mobilizes €27 Billion for Sustainable Development in Emerging Markets at FFD4
BBVA Mobilizes €27 Billion for Sustainable Development in Emerging Markets at FFD4 (IN BRIEF) At FFD4 in Seville, BBVA announced it had allocated €27 billion in 2024 to sustainable infrastructure, climate action, entrepreneurship, and financial inclusion in Mexico, South America, and Turkey—up 60 percent from 2023—while its Microfinance Foundation provided €1.5 billion in loans to vulnerable entrepreneurs. BBVA leaders advocated for scaling priv…
United Nations backs GRI Standards, Opening a new chapter for African sustainability reporting - Africa Sustainability Matters
The recent United Nations Financing for Development Conference in Sevilla, Spain, marked a defining moment for global sustainability reporting—with notable implications for African economies. Held from June 30 to July 3, the summit concluded with a call for UN Member States to adopt the Global Reporting Initiative (GRI) Standards alongside those of the International Sustainability Standards Board (ISSB).
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