The United Nations officially kicked off talks leading up to a milestone event that aims to transform the global financial architecture to address a litany of development funding challenges amid a backdrop of geopolitical uncertainty, widening inequality, and growing poverty.
The Fourth International Conference on Financing for Development — to be held in Spain next year from June 30 to July 3 — seeks to address financial barriers to achieving global sustainable development and climate goals.
A lack of financing ties together crises and obstacles and “many developing countries are simply unable to make the investments they need in sustainable development, and the systems and services their people require,” U.N. Secretary-General António Guterres said at the recent Financing for Development Forum in New York.