The Reconfiguration of the Centers and Margins of Development Finance: The Roles and Agendas of Multilateral Development Banks and International Development Cooperation at the FdD4 in Seville
Publication Date:
2025
Pages:
5
Item Reference:
IB-2025-23
Publication Place:
Bruges
Publication Language:
EN
Copyright Holder:
UNU Institute on Comparative Regional Integration Studies
Copyright Year:
2025
Policy Brief Type:
Abstract:
- The Fourth International Conference on Financing for Development (FfD4) in Seville is part of the United Nations financing for development process, which began in 2002 in a global context marked by multiple crises and the fragmentation of multilateralism.
- The "Seville Commitment" marked a turning point in the roles and agendas traditionally assigned to the Multilateral Development Banks (MDBs) and International Development Cooperation (IDC).
- MDBs are repositioned as central actors with a strengthened mandate to mobilize resources, manage more risks, and diversify their financial instruments.
- IDC faces institutional deadlock, with no financial commitments or substantive reforms capable of responding to the growing demands of the Global South.
- In conclusion, FfD4 marks a discursive advance for the MDBs; however, the effective implementation of the proposals and the revitalization of the IDC will be crucial in achieving more equitable and sustainable financing for development.
