2025 has been a year of polarization internationally, but important multilateral consensus was achieved in the development and climate change arena despite the global financing crisis of development cooperation and unilateral threats to the 2030 Agenda. The Fourth International Conference on Financing for Development (FfD4) in Sevilla, the road to COP30 in Belem, and the G20 summit in South Africa are critical platforms for addressing global financing challenges and aligning financial systems with Sustainable Development Goals (SDGs).
The systemic issues in financing for development are central to understanding the broader challenges and opportunities in achieving the SDGs. Sevilla highlighted several systemic issues that need to be addressed to close the financing gap and ensure effective implementation of the 2030 Agenda for Sustainable Development.
Red Sur has been working in some of these systemic issues in the past, such as global financial architecture, debt sustainability, domestic resource mobilization and climate finance among other, this Policy Brief refers to Red Sur research and proposals related with FfD systemic issues, some of their links with COP30, and reflects on the achievements and challenges emerging from Sevilla and road ahead.
This Policy Brief was produced by the South American Network on Applied Economics / Red Sur, with the aid of a grant from the International Development Research Centre (IDRC) of Canada, as part of the project: “Elevating and Connecting Research from Latin America and Africa to Inform the G20 and COP30: Public Debt, Care, and Climate Change”, between 2024 and 2025.