- Nations taking part in a flagship UN conference have pledged to address the debt crisis in the Global South and boost sustainable development. However, the real test will be whether or not these commitments will be translated into action.
The promises were made at the opening of the Financing for Development Conference (FFD4), currently underway in the Spanish city of Sevilla, when delegates agreed on the Sevilla Commitment.
During the conference UN News spoke to Li Junhua, the UN Under-Secretary General for Economic and Social Affairs and Secretary-General of the international summit.
Li Junhua: The adoption of the Sevilla Agreement was an exceptional moment at an event which has brought together some 60 Heads of State and Government and seen 130 major initiatives announced as part of the Sevilla Platform for Action, which is aiming to implement the outcome document and turbocharge financing for sustainable development.
A record number of business leaders from various sectors actively participated in and positively contributed to the entire process and to the outcome of the conference. They all committed to supporting the implementation of the new roadmap.
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