Background
The Fourth International Conference on Financing for Sustainable Development (FfD-4) to be hosted in Seville in 2025 can be a pivotal opportunity to accelerate the scale and speed of efforts to reform the international financial system and close the SDGs financing gap. But to do so, concrete and ambitious actions need to be agreed in Seville.
The 4P is an inclusive alliance of 73 countries launched at the Summit for a New Financing Pact in June 2023 to accelerate the reform of the international financial architecture. These countries work together through the 4P Secretariat and several operational coalitions in varying geometries, including the Call to Action on Climate Resilient Debt Clauses (led by UK, France, Spain); and Global Solidarity Levies Task Force (led by Barbados, France, and Kenya); the Global Expert Review on Debt, Climate and Nature (led by Colombia, France, Germany, and Kenya); the Global Roadmap on Biodiversity Credits (led by France and UK); the C3A (led by WB). For Seville, the 4P Community has been working to advance specific proposals on key elements of the international financial system reform, including on private finance mobilisation, debt sustainability, public finance. This event will be an opportunity to discuss them and galvanize collective efforts around them.
Over 85 countries are using Integrated National Financing Frameworks (INFFs) to align public and private finance with SDGs. Seventeen governments have leveraged $16 billion for SDG investments, with potential impacts exceeding $32 billion. International support for INFFs is growing, endorsed by the G20 and Doha Programme of Action for Least Developed Countries.
The INFF Facility was launched at the 2022 Financing for Development Forum to support countries developing and delivering INFFs. The Facility is a joint flagship initiative of the UNDP, DESA, UNICEF, OECD, the European Union, and the Governments of Italy, Spain and Sweden. The INFF Facility brokers technical assistance, facilitates knowledge exchange and provides access to technical guidance.
About this Event
Ahead of the 2025 Financing for Development Conference in Seville, the session ‘’ From Hamburg to Seville: How Can Financial Reform Close the Sustainable Development Gap?’’ will focus on concrete solutions to reform the international financial system, at both global and country levels, and close the SDG financing gap. How can integrated financing frameworks and global initiatives drive sustainable development?
This event will pave the way to building broader support for 3–4 concrete solutions that the international community and the 4P will be launching/advancing in Seville, namely on debt, private capital mobilisation, and global solidarity levies, and to discuss how these solutions can be articulated on the ground to have the most impact, in particular through Integrated National Financing Frameworks driving innovative solutions harmonizing action across development, climate and nature imperatives.
Participants will gain insight into the following scalable solutions:
- Country-led integrated financing strategies for climate, nature and development priorities.
- A new generation of risk resilient financial instruments, such as debt pause clauses, which build on the 4P Call to Action on Climate Resilient Debt Clauses and will be part of the Seville Platform of Action.
- A new 4P Dialogue on export credits to enhance the transparency of country risk assessments and enhance the impact of export credits for development and climate.
Where Can I Find the Agenda?
You can find the event concept note and agenda here.