Deputy Minister of Foreign Affairs Mr. Giannis Loverdos will lead the Greek delegation to the Fourth International Conference on Financing for Development (FfD4), which will take place from 30 June to 3 July 2025 in Seville.
This Conference aspires to shape an ambitious, renewed international framework to strengthen development financing and promote sustainable development globally. The discussions will focus on issues such as broader access to financial resources for developing countries, mobilizing private capital at lower cost, advancing the green and digital transitions, and reforming the international financial architecture.
FfD4 is expected to result in two key outcomes:
- The Outcome Document, recently adopted following extensive negotiations among UN Member States. This text updates and complements the Addis Ababa Action Agenda (2015), setting out a new framework covering areas such as mobilizing public and private resources, debt sustainability, development cooperation, science and innovation, international trade, and tax cooperation.
- The Sevilla Platform for Action, which aims to mobilize partnerships and voluntary initiatives among governments, international organizations, businesses, and civil society to achieve measurable results and boost investments in the implementation of the Sustainable Development Goals (SDGs).
The Conference will include plenary meetings with statements by Heads of State and Ministers, thematic roundtables, side events, and dedicated fora for civil society and the private sector. The six thematic roundtables will address issues such as mobilizing domestic public resources, reinvigorating international development cooperation, debt sustainability, and reforming the international financial system.
The Financing for Development process has a long-standing track record within the United Nations, with three previous conferences laying the groundwork:
- In 2002, the first Conference in Monterrey (Mexico) adopted the Monterrey Consensus, introducing a comprehensive approach to the challenges of global development.
- In 2008, in Doha (Qatar), Member States reaffirmed their commitments through the Doha Declaration.
- In 2015, in Addis Ababa (Ethiopia), the Addis Ababa Action Agenda was adopted, closely linked to the 2030 Agenda and the Sustainable Development Goals.
Today, the financing gap for achieving the SDGs by 2030 is estimated at USD 6.4 trillion, underscoring the urgency of the moment. The shrinking of official development assistance, growing concerns over debt sustainability, and the need to attract more private capital intensify the imperative for a new, coherent vision of international cooperation.
Greece is actively engaged in these processes both at European and international level, aiming to promote and adopt solutions that foster balanced development, reduce inequalities, and support developing countries on their path towards sustainability.