Assahafa.com
Morocco is taking part in a major United Nations conference on development financing from June 30 to July 3 in Seville, Spain.
Heads of international states and governments will attend the UN conference alongside global economic and social leaders, aiming to strengthen multilateral cooperation systems and improve their financial structures.
The 4th International Conference on Financing for Development (FfD4) aims to provide a platform to create a renewed global financing framework that unlocks larger amounts of capital for development at lower costs.
Participants are set to examine how to reform the international financial architecture to better serve developing nations.
UN Secretary-General António Guterres and Spanish Prime Minister Pedro Sánchez will inaugurate the summit, which is set to focus on strengthening multilateral cooperation systems and improving their financial structures.
Key goals and initiatives
The conference will launch the Seville Platform for Action, mobilizing coalitions of countries and stakeholders to address common sustainable development challenges through joint initiatives.
Building on the 2015 Addis Ababa Action Agenda and 2024 Pact for the Future, the summit will accentuate the role of international cooperation in financing global development needs.
Organizers have planned over 370 events covering multilateral development financing, including sessions on domestic resource mobilization, private sector engagement, and development cooperation effectiveness.
The gathering brings together governments, international organizations, financial institutions, businesses, and civil society representatives.
The Organization for Economic Co-operation and Development (OECD) participates actively in the Seville Conference as a long-standing partner in international development financing systems.
The OECD plays an active role, contributing data and analysis to inform discussions about transparency and accountability in development financing. The organization participates in 25 platform initiatives and more than 40 side events.
This conference represents a critical moment for reshaping how the world finances sustainable development and addresses global challenges through improved international cooperation.
Morocco’s participation reflects the country’s broader vision to enhance its development strategies via financial policies.
Source: Morocco word news
