UN Member States have approved the outcome document of the Fourth International Conference on Financing for Development (FfD4) and transmitted it to the Conference for adoption. The ‘Compromiso de Sevilla’ recognizes the annual financing for development (FfD) gap of USD 4 trillion and launches “an ambitious package of reforms and actions to close this financing gap with urgency,” while catalyzing sustainable development investments at scale.

The 38-page outcome document outlines a renewed global FfD framework, including provisions on domestic public resources, domestic and international private business and finance, international development cooperation and development effectiveness, and international trade. It also tackles debt and debt sustainability and the international financial architecture, and contains commitments on science, technology, innovation, and capacity building and on data, monitoring, and follow up.

In a letter of 16 June 2025, the co-facilitators state that the document “fulfils [their] commitment to facilitate consensus on a balanced, ambitious, and action-oriented outcome document.” They also suggest its implementation “will lead to the reform of the international financial architecture, address the cost of borrowing, and scale up investment to close the financing gap for sustainable development.”

According to UN News, the document was approved without the US’ participation, following its withdrawal from the negotiations. Emphasizing his country’s steadfast commitment to international cooperation and long-term economic development, Acting US Representative to the UN Economic and Social Council (ECOSOC) Jonathan Shrier said the text “does not offer a path to consensus” as proposals in the draft interfere with the governance of international financial institutions (IFIs), introduce duplicative mechanisms, and fail to align with US priorities on trade, tax, and innovation. He also objected to proposals calling for a tripling of multilateral development bank (MDB) lending capacity and language on a UN framework convention on international tax cooperation.

Welcoming the document’s approval, Under-Secretary-General for Economic and Social Affairs Li Junhua said it was a clear demonstration that “multilateralism works and delivers for all.” “A successful and strong outcome [at FfD4] would help to rebuild trust and confidence in the multilateral system by forging a renewed financing framework,” he underscored.

The Compromiso de Sevilla was approved at the resumed fourth session of the FfD4 Preparatory Committee on 17 June 2025, following months of intensive talks, co-facilitated by Mexico, Nepal, Norway, and Zambia.

FfD4 will convene in Seville, Spain, from 30 June to 3 July 2025. The Conference takes place ten years after FfD3 adopted the Addis Ababa Action Agenda (AAAA) – the “financing arm” of the 2030 Agenda for Sustainable Development. [Outcome Document of the Fourth International Conference on Financing for Development] [FfD4 Outcome] [SDG Knowledge Hub Story on First Draft of FfD4 Outcome] [SDG Knowledge Hub Story on FfD4 Zero Draft]