[Invite the multilateral development banks, in consultation with the Secretary-General, to present options and recommendations on new approaches to improve access to concessional finance for developing countries, with full respect for the independent mandate and authorities of the respective governing body of each multilateral development bank] ... and request the Secretary-General to update Member States on progress.
UN entity leads: Department of Economic and Social Affairs and United Nations Conference on Trade and Development
Milestone 1 | Deadline 30 June 2025
The UN Department of Economic and Social Affairs (UNDESA) and United Nations Conference on Trade and Development (UNCTAD) supported Member States in their engagement with international financial institutions in efforts to reach an ambitious outcome at the Fourth International Conference on Financing for Development. UNDESA provides guidance and analytical materials, including technical notes on concessional finance and multilateral development banks. In support of the FFD4 process, UNCTAD provided policy briefs and contributed to the Elements Paper. UNCTAD also served as the Secretariat of the Secretary-General’s Expert Group on Debt.
Milestone 2 | Deadline 15 December 2025
Continued engagement with the World Bank, building on existing high-level engagements and the outcomes of the Fourth International Conference on Financing for Development’s Sevilla Commitment to improve access to concessional finance.
Milestone 3 | Deadline 31 March 2026
Secretary-General presents report to Member States, with updates and views on options and recommendations presented by Multilateral Development Banks. Depending on the previous milestones being achieved, including the response of the World Bank president on behalf of the MDBs, UNCTAD/DESA will prepare a draft report for the consideration of the UNSG.