4th International Conference on Financing for Development

Current Context: The 4th International Conference on Financing for Development was held from 30 June to 3 July 2025 in Sevilla, Spain.

• It was organized by the United Nations Department of Economic and Social Affairs (UN DESA) in collaboration with UN Member States, international financial institutions, civil society, and private sector partners.
• The conference was chaired by UN Deputy Secretary-General Amina Mohammed, who emphasized the importance of global cooperation in addressing financial challenges.
• Held under the theme “Financing Our Future,”.
• It concluded with the adoption of the Sevilla Commitment, a global action plan to close the $4 trillion annual SDG financing gap and reform the international financial architecture.

Key Highlights:

• 130 initiatives launched under the Sevilla Platform for Action to boost public and private investment in sustainable development.
• Focus on debt relief, climate finance, tax reform, and domestic resource mobilization.
• Reaffirmed commitments from Monterrey (2002), Doha (2008), and Addis Ababa (2015) conferences.
• Emphasized multilateral cooperation to tackle rising debt, shrinking aid, and global inequality.

Question:

Q.1 Where was the 4th International Conference on Financing for Development held?
a) Addis Ababa, Ethiopia
b) Doha, Qatar
c) Monterrey, Mexico
d) Sevilla, Spain

Answer: d) The 4th International Conference on Financing for Development was held in Sevilla, Spain, from 30 June to 3 July 2025.