The United Nations has spent the past year anxious about the Fourth International Conference on Financing for Development, or FfD4, taking place this week in Sevilla, Spain, with a goal to build a modernized global financing framework that will unlock greater capital for global development and the U.N. Sustainable Development Goals.
With multilateralism under assault globally and the world's largest aid donor walking away from negotiations entirely, the organization desperately needs a successful conference to prove that international cooperation could still work.
Spain's Ambassador-at-Large for Financing for Development, Mónica Colomer, said FfD4 is delivering that proof. Despite the United States withdrawing from FfD4 negotiations and rejecting the U.N.'s Sustainable Development Goals, countries reached consensus on the Compromiso de Sevilla outcome document.