4th International Conference on Financing for Development Held from June 30 to July 3, 2025, in Seville, Spain.
International
The 4th International Conference on Financing for Development (FfD4) took place from June 30 to July 3, 2025, in Seville, Spain. The 4-day high-level summit brought together over 15,000 participants, including 50 Heads of State and Government, to deliberate on key issues of global finance and sustainable development.
- The conference is organized once every ten years by the United Nations Department of Economic and Social Affairs (UN-DESA), headquartered in New York City, USA. FfD4 focused on building a stronger international financial architecture to support Sustainable Development Goals (SDGs).
- India was represented by Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) and Ministry of Corporate Affairs (MoCA), Government of India. She led the Indian delegation from the Department of Economic Affairs (DEA), Ministry of Finance, at the FfD4 summit.
- One of the major highlights of FfD4 was the launch of the "Resilient Remit" initiative, with a fund allocation of EUR 4.26 million, aimed at reducing the cost of international remittance transfers and easing financial burdens on migrant families.
Main Point :- (i) The event also saw the formation of the "Aviation Solidarity Coalition" by eight countries – France, Kenya, Barbados, Spain, Somalia, Benin, Sierra Leone, and Antigua & Barbuda – to raise climate finance through a solidarity tax on premium and business-class air travel.
(ii) FfD4 concluded on July 3, 2025, with the launch of 130 international initiatives under the Sevilla Partnership Agreement (SPA), starting the implementation of the Sevilla Commitment or Compromiso de Sevilla, to strengthen tax reforms and public-private investments in developing nations.
President : Pedro Sánchez
Capital : Madrid
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