By Futuro en Común
This July, the city of Seville (Spain) will host the IV International Conference on Financing for Development—an essential opportunity to advance towards a fairer, more inclusive, and sustainable global financial system. Following the missed opportunity at the 2024 Summit of the Future, this conference could unlock the resources needed to close the estimated $4 trillion annual financing gap to achieve the Sustainable Development Goas.
When compared to the $7 trillion in public funds allocated to fossil fuel subsidies in 2022 and the $2.44 trillion in global military spending in 2023, this target is within reach—if there is political will.
But funding alone is not enough. Structural reforms are essential: the fair taxation of extreme wealth, the cancellation of illegitimate debt, the enforcement of Official Development Assistance commitments, accountability for private sector actors, and the democratization of international financial institutions. The Seville conference is a key opportunity for governments, institutions, and civil society to come together and drive transformative change—rooted in justice, sustainability, equality, and historical redress.
We know that, in recent times, the international landscape has shifted, making it even more difficult to reach broad consensus, but it is crucial not to lose sight of what is at stake and to push forward with all our strength.
A strong and active civil society is essential to achieving ambitious outcomes in the Financing for Development process. In this context, Futuro en Común, together with La Coordinadora and the Andalusian Coordinating Platform of Development NGOs, is supporting the Civil Society Mechanism for FfD in organizing the Civil Society Forum, which will take place in Seville on June 28–29, 2025. Besides, we are also creating a space that connects local, national, and global efforts to collectively organize public mobilizations.
Your presence matters, and we hope to see you in the streets, raising your voice for financing justice.