Africa-Press – Mozambique. The President of Mozambique, Daniel Chapo, will participate in the United Nations Conference on Financing for Development, during a visit to Spain between Sunday and Thursday, the Presidency announced on Saturday.
“The head of state will participate in the Fourth United Nations International Conference on Financing for Development, taking place in Seville, Spain”, reads the statement from the Mozambican Presidency.
More than 60 world leaders and 4,000 civil society representatives will attend the Seville Conference next week to relaunch development aid, which currently has a $4 trillion annual financing gap, according to the United Nations.
The President of Mozambique will participate in the UN conference as part of a working visit to Spain from June 29 and July 3.
According to the Mozambican Presidency, the event will bring together political, financial and trade leaders to formulate address issues bedevilling global development, from aid to trade to debt.
“The “Seville Commitment,” a roadmap for global development financing for the next decade, will be adopted at the conference”, says the Presidency.
The Mozambican Head of State, Daniel Chapo, will be accompanied by several ministers, including Minister of Foreign Affairs and Cooperation Maria dos Santos Lucas, Minister of Finance Carla Loveira, and Minister of Economy Basílio Muhate.
The Fourth UN International Conference on Financing for Development (FFD4) is taking place from June 30 to July 3, 2025, in Seville, Spain. This conference takes place ten years after the previous one in Addis Ababa, Ethiopia, in 2015.
The aim now is to “renew the global financing for development framework” at a time of “serious geopolitical tensions, conflicts, increasing macroeconomic challenges and growing systemic risks” and when the goals agreed by the international community in the 2030 Agenda are “severely offtrack.” according to the text of the “Seville Commitment”, the declaration already negotiated within the UN and which is due to be formally adopted next week.
Over 38 pages, the ‘Compromiso de Sevilla” also emphasises that only by strengthening multilateralism, international cooperation and the roles of the United Nations, international financial institutions and other relevant international organizations, can we respond to the urgent need to eradicate poverty and address the impacts of climate change, which are particularly severe in the poorest regions of the world.
The document is expected to be complemented by unilateral announcements from several countries during the conference and more concrete actions to be developed within the framework of the ‘Sevilla Platform for Action’, which will be presented next week.
The Seville Conference “presents a unique opportunity to reform an international financial system that is outdated, dysfunctional and unfair,” UN Secretary-General António Guterres said recently, adding: “In this turbulent context, we cannot let our ambitions evaporate”.
Global public debt hit $102 trillion in 2024.
Developing countries hold $31 trillion – and paid a record $921 billion in interests.
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