PRESS STATEMENT
For Immediate release
30.06.2025 – Seville, Spain – The Fourth International Conference on Financing for Development (FFD4), currently underway from 30th June to 3rd July 2025 in Seville, Spain, has officially adopted its final outcome document, known as the Compromiso de Sevilla (The Seville Commitment). This landmark agreement presents a bold and comprehensive global framework aimed at addressing the urgent financing challenges hindering sustainable development worldwide.
The Seville Commitment was approved by consensus and recommended for adoption by United Nations Member States during the Fourth Preparatory Committee Meeting on 17th June 2025. It sets out critical actions to close the estimated US$4 trillion annual financing gap required to achieve the Sustainable Development Goals (SDGs) and is expected to significantly influence global development finance over the next decade.
Among its key provisions, the Seville Commitment calls for remodeling the international financial architecture to make it more inclusive and effective for developing countries, expanding multilateral development banks’ lending capacity for sustainable development and renewed efforts to curb illicit financial flows.
The document further calls for leveraging private investment to generate decent jobs, particularly for youth and lowering the cost of capital in developing economies, especially in Africa.
The implementation of the Seville Commitment is expected to enhance the voice of developing countries in the global debt architecture and promote fair and transparent debt resolution mechanisms.
President of the General Conference, who is also President of Spain, His Excellency Pedro Sanchez Perez commended Zambia and its fellow co-facilitators Mexico, Nepal, and Norway for their outstanding leadership in steering the negotiation and adoption of the outcome document.
Zambia played a pivotal role in shaping the Seville Commitment through its Permanent Representative to the United Nations, H.E. Dr. Chola Milambo, ensuring that the perspectives and priorities of the Global South were prominently reflected in the financing for development agenda.
Issued by:
Naomi Mweemba
First Secretary Press
Embassy of the Republic of Zambia, Paris, France
