4th International Conference on Financing for Development 2025

Explore the International Conference on Financing for Development, a UN-led initiative focused on mobilizing global financial resources to support sustainable development goals and eradicate poverty.

Context: UN Member States have reached agreement on the outcome document for the Fourth International Conference on Financing for Development (FfD4), to be formally adopted at an upcoming summit in Sevilla, Spain.

Key Dimensions of International Conference on Financing for Development (FfD4)

Global Financing Framework: Reaffirms commitments made under earlier FFD conferences to mobilise financing for sustainable development.
International Financial Architecture Reform: Urges for inclusive governance reforms:
- IMF quota realignment
- World Bank shareholding review
Debt Sustainability: UN to lead a coalition (with the IMF and the World Bank) to propose voluntary principles for responsible sovereign debt management.
Tax Reform: Acknowledges implementation of Pillar II under the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).
- Emphasizes:
  - Minimum global corporate tax for multinationals in all jurisdictions.
  - Country-specific technical support to implement:
    - Global Anti-Base Erosion (GloBE) Model Rules
    - Subject to Tax Rule (STTR)
Closing the SDG Financing Gap: Targets narrowing the $4 trillion annual shortfall in SDG financing in developing countries.

About the FFD Process

A UN-led initiative that builds on the outcomes of three earlier conferences:

Monterrey Consensus (2002): Marked the first global agreement on development financing.
- Emphasized increasing Official Development Assistance (ODA).
- Stressed aid effectiveness, referencing the Paris Declaration.
- Called for IMF governance reforms and promoted innovative financing methods.
Doha Declaration (2008): Reaffirmed the commitments of Monterrey, especially during the 2008 global financial crisis.
- Introduced aspects like gender-sensitive financing.
- Added emphasis on climate finance, including support for the Green Climate Fund.
Addis Ababa Action Agenda (2015): Closely aligned with the Sustainable Development Goals (SDGs).
- Introduced Integrated National Financing Frameworks (INFFs).
  - INFFs are country-led and country-owned tools.
  - Help governments plan, implement, and align financing with sustainable development priorities.