High-Impact Initiatives and Leadership Essential for Transforming Financing

As the 2025 Economic and Social Council Financing for Development Forum draws to a close, UN Deputy Secretary-General Amina Mohammed has issued a powerful call to action. She emphasized the urgent need for a renewed global financing framework that addresses the pressing challenges of development. With the fourth preparatory committee session set to begin, Mohammed highlighted the critical decisions that lie ahead, urging stakeholders to act decisively to reshape the global financial landscape.

Urgent Need for Action

In her closing remarks, Amina Mohammed stressed that the world is currently facing a significant development crisis. This crisis is largely driven by geopolitical tensions and a persistent failure of the global financial system to provide adequate and equitable financing to those in need. Over the past two days, discussions at the forum have underscored the necessity for a more effective and inclusive financing system. Mohammed called for a transformation in how financing is approached, emphasizing that it should not be fragmented but rather serve as a catalyst for sustainable and equitable economic growth.

She pointed out that financial resources must be directed towards achieving tangible outcomes, particularly in communities and sectors that are most vulnerable. The focus should be on aligning financial flows with real development gains, ensuring that resources reach those who require them the most. This shift in perspective is crucial for fostering resilience and sustainability in developing economies.

Empowering Developing Countries

Amina Mohammed also highlighted the importance of placing developing countries at the forefront of decision-making processes regarding financing. She argued that these nations should not merely follow global agendas but actively shape them. This requires fair access to resources and enhanced capacities that enable them to thrive in the global economy. By empowering developing countries, the international community can ensure that their unique challenges and priorities are adequately addressed.

The draft outcome document from the forum reflects this vision, proposing significant reforms aimed at enhancing the role of public development banks and reducing the cost of capital. It also emphasizes the need for improved liquidity management support and a reinforced global financial safety net. These proposals are essential for creating a more inclusive and representative global economic governance structure.

Turning Commitments into Action

While the proposals outlined in the draft document are promising, Amina Mohammed stressed that translating these reforms from theory to practice will require sustained leadership and engagement from all stakeholders. She invited participants to join the Sevilla Platform for Action, which aims to bring together governments and key stakeholders to launch impactful initiatives aligned with the conference’s outcomes.

The platform is designed to foster collaboration and mobilize resources towards achieving clear goals and timelines. Mohammed encouraged stakeholders to take the lead, form partnerships, and transform commitments into actionable coalitions. The submission window for initiatives will open on May 1, marking a critical opportunity for stakeholders to contribute to the future of financing for development.

A Turning Point for Financing

In conclusion, Amina Mohammed emphasized that the upcoming Sevilla conference must be more than just a gathering; it should represent a pivotal moment in the evolution of financing for development. She urged all participants to seize this opportunity to create a new chapter in global financing, one that prioritizes sustainable and equitable growth. By working together, stakeholders can turn ideas into implementation and ensure that the commitments made at the forum lead to meaningful change in the lives of those who need it most.


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