On Tuesday, the member states of the UN headquarters approved the finalized result document, known as the Seville Compromiso (Seville’s commitment), after months of intensive intergovernmental negotiations.
It is designed as the cornerstone of a renewed global framework to finance sustainable development, in particular in the midst of the enlargement of 4 billions of dollars of annual funding confronted with developing countries.
An invigorated framework
The co-facilitators of the result document-Mexico, Nepal, Zambia and Norway-praised the agreement as an ambitious and balanced compromise which reflects a large support base through the members of the UN.
“This project reflects the dedication, perseverance and constructive commitment of all members,” said Ambassador Alicia Buenrosro Massieu, permanent deputy representative of Mexico.
“Seville is not a new program. It is a strengthening of what already exists. He renews our commitment to the Addis Abeba Action Action and aligns fragmented efforts in a single invigorated framework, ”she added.
The Nepal ambassador, Lok Bahadur Thapa, described the result as a “historic possibility” to deal with urgent funding challenges.
“He recognizes the financing gap of $ 4 billion and launches an ambitious set of reforms and actions to fill this gap with the emergency,” he said, highlighting commitments to increase tax / GDP ratios and improve the sustainability of debt.
Opening of the third international conference on development for development in 2015, which adopted the Historical Action Program of Addis Ababa.
US Removal
The agreement came despite clear divisions on several disputed questions, culminating in the decision of the United States to leave the process entirely.
“Our commitment to international cooperation and long -term economic development remain firm,” said Jonathan Shrier, an American representative of the Directorate of the Economic and Social Council.
“However, the United States regrets that the text of which we are seized today does not offer a way to consensus.”
Mr. Shrier expressed his country’s objection to proposals in the project, which, according to him, interfered with the governance of international financial institutions, introduced duplication mechanisms and has failed to align themselves with American priorities on trade, tax and innovation.
He also opposed the proposals calling for a tripling of the capacity and the loan language of the multilateral development bank on a UN framework convention on international tax cooperation.
Renewal of confidence
The general under-secretary for economic and social affairs Li Junhua praised the adoption of the document, calling it as clear demonstration that “multilateralism works and delivers for all”.
He congratulated the Member States for their flexibility and their political will to finalize the agreement, despite the challenges.
“The FFD4 conference has a rare opportunity to prove that multilateralism can provide tangible results. A successful and solid result would help rebuild trust and confidence in the multilateral system by forging a renewed funding framework, “said Mr. Li.
A woman sells vegetables on a Seychelles market. Despite continuous efforts, progress towards the realization of several SDGs – including those of women’s empowerment – remain off -track for 2030.
For the common good
The Seville conference, which will be held from June 30 to July 3 fourth major United Nations conference on the financing of the development of Monterrey (2002), Doha (2008) and Addis Ababa (2015).
It should produce concrete commitments and guide international financial cooperation in the period before and beyond the 2030 deadline for the Sustainable Development Objectives (SDG).
“We firmly believe that this result will meet the main challenges we face today and will offer a real boost to sustainable development,” said Nepal ambassador Thapa.
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