Building on previous international agreements, Member States agreed on a new global roadmap that will help raise trillions of dollars annually to achieve sustainable development. The Fourth International Conference on Financing for Development (FfD4) outcome document, ‘Compromiso de Sevilla,’ calls for fairer tax systems, highlights the need for new tools to ease debt pressures on vulnerable countries, and aims to make the global financial system more inclusive and accountable, among other commitments.

The Commitment also launches the Sevilla Platform for Action, which includes more than 130 initiatives already underway “to turn the pledges into real-world results,” according to a UN news story.

Addressing Member States at the closing of the Conference, UN Deputy Secretary-General Amina Mohammed welcomed the three major areas of commitments outlined in the Compromiso de Sevilla: an investment push to close the financing gap; a serious attempt to confront the debt crisis; and the elevation of developing countries throughout the international financial architecture. She said the Conference was marked by a sense of resolve and was “deeply practical” and implementation-focused – a good basis for rebuilding trust and solidarity.

“Sevilla will be remembered not as a landing zone, but as a launchpad for action, to improve livelihoods across the world,” said Carlos Cuerpo, Spain’s chief finance minister, at the closing press conference.

Key commitments on tackling debt burdens announced during the Conference include:

• A Debt Swaps for Development Hub, led by Spain and the World Bank, to scale up debt-for-development deals;
• A Debt-for-Development Swap Programme by Italy to convert EUR 230 million in African debt into development investments;
• A Debt Pause Clause Alliance of countries and development banks that will suspend debt payments during crises; and
• The Sevilla Forum on Debt to assist countries in coordinating debt management and restructuring efforts.

Commitments to mobilize investment include:

• A Global Solidarity Levies coalition that will tax private jets and premium flights to raise climate and SDG funds;
• The SCALED platform aiming to expand blended finance, backed by public and private partners;
• FX EDGE and Delta to scale up local currency lending through risk management tools;
• An Effective Taxation of High-Net-Worth Individuals initiative, led by Brazil and Spain; and
• New technical assistance hubs to support project preparation and delivery.

To support financial architecture reform at national and global levels, commitments include:

• A new generation of country-owned platforms with country-led financing strategies, led by a coalition of countries, the Integrated National Financing Framework Facility, and development banks; and
• A coalition led by the UK and the Bridgetown Initiative to scale-up pre-arranged financing from 2% to 20% of total disaster financing by 2035.

The International Business Forum, which took place in parallel to the Conference, “showcased practical ways to shift capital toward the SDGs, particularly in developing countries,” according to an FfD4 press release. The Forum issued a call to action to unlock private capital for sustainable development, highlighting five priority areas for impact investment. During the SDG Investment Fair, developing countries pitched USD 5 billion worth of projects to investors and development financiers.

FfD4 convened in Seville, Spain, from 30 June to 3 July 2025. Its outcomes will inform the discussions at the UN High-level Political Forum on Sustainable Development (HLPF) later this month. HLPF will carry out in-depth reviews of five Goals, including SDG 17 on means of implementation, which is reviewed annually. [UN News Story on FfD4 Outcomes] [FfD4 Website]