As global challenges like protectionism, volatile markets and geopolitical tensions intensify, developing countries face an urgent need for affordable, long-term financing. The Fourth International Conference on Financing for Development (FfD4), taking place in Seville from June 30 to July 3, is a pivotal moment to forge coordinated action.
Since the first conference in Monterrey in 2002, financing gaps have only widened. Official development assistance is declining and private capital is pulling back. Today, nearly 40 percent of developing countries spend over 10 percent of their revenues on debt interest alone, squeezing budgets for critical investments in rural transformation, food systems and climate resilience.
IFAD’s Role in Bridging Gaps
The International Fund for Agricultural Development (IFAD) stands at the intersection of global goals and local needs. As both a UN specialized agency and an international financial institution, IFAD tailors country-level financing solutions focused exclusively on agrifood systems and rural development—regions where the stakes and returns are highest.
At FfD4, IFAD and its partners will call for innovative funding models and stronger public-private collaboration to ensure that no community is left behind. With global grants shrinking, unlocking private capital and optimizing existing resources are more critical than ever.
By scaling up development finance today, decision makers can shape a more inclusive, resilient and sustainable tomorrow—one where local impact translates into global progress.
Reference(s):
From global commitment to local impact: scaling up development finance
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