The UN Summit in Seville, live | Guterres: "Financing is the engine of development, and right now, that engine is being choked."

The Seville Commitment is officially approved by consensus

The Seville Commitment, the document adopted by consensus to relaunch development financing and solidarity, was officially signed this Monday by world leaders meeting in Seville, announced Prime Minister Pedro Sánchez.

It took a year of negotiations to reach this agreement, which addresses several of the urgent issues facing countries in the Global South: debt restructuring, financing the fight against the climate emergency, desirable percentages of development aid, the role of the private sector, the necessary transformation of an outdated, highly fragmented, and therefore ineffective cooperation system, and the transformation of the tax system, to name a few examples.

The document contemplates "more, fairer, and more transformative financing," Sánchez said at the Fourth UN Conference on Financing for Development, guaranteeing that there will be concrete commitments so that words do not remain on paper.

For social movements and NGOs, this commitment is a "lost opportunity" that lacks ambition when it comes to addressing the major injustices affecting people's development.

"It's a step forward compared to Addis Ababa," where the previous summit was held 10 years ago, said UN Secretary-General Antonio Guterres.

The United States is the notable absentee at this summit, having withdrawn during the negotiations. Since taking office in January, the Donald Trump administration has decided to dismantle USAID, the major US aid agency, and these cuts, according to various studies, will lead to millions of deaths, mainly in the Global South.