The United Nations’ 4th International Conference on Financing for Development (FFD4), taking place in Sevilla, Spain from June 30 to July 3, brings together governments and international organisations, as well as financial institutions, businesses and civil society to discuss urgently needed reforms to finance global development needs.
Building on the 2015 Addis Ababa Action Agenda and commitments made in the 2024 Pact for the Future, and emphasising the role of international co-operation, FFD4 aspires to build a renewed global financing framework that will unlock greater volumes of capital for development at a lower cost under reforms to the international financial architecture.
As a longstanding partner in the international development finance system, the OECD is an active participant in FFD4. OECD data, analysis and performance indicators are informing FFD4 discussions, underlining transparency, accountability and understanding of the development finance landscape. Drawing on its multidisciplinary expertise, the Organisation is contributing to 29 of the Sevilla Platform for Action initiatives and participating in over 40 side events on issues ranging from Tax Inspectors without Borders and domestic resource mobilisation, to quality FDI, and effective development cooperation.
New OECD work for FFD4 includes a set of action-oriented recommendations aimed at tackling barriers to mobilising private finance for development at the scale needed today. Mobilising private finance for development, climate and biodiversity in emerging markets and developing economies: Financing our futures, sets out how the OECD can work with others to support greater mobilisation of private finance for development by: building trust and lowering perception of risk by improving the quality and availability of data; embedding private finance mobilisation at the core of development finance; tackling regulatory barriers in advanced, emerging and developing economies; and helping low-income countries to develop local capital markets.
New OECD projections for official development assistance (ODA) flows through 2027, with analysis by region and sector, were also released just ahead of FFD4.
In view of the importance of the development agenda for the OECD, the OECD Delegation to Sevilla is led by Secretary-General Mathias Cormann.