Spain is standing out in Europe by increasing its financial aid to the global south, even as other nations cut development budgets. This commitment culminates in the hosting of a UN summit in Seville, where discussions will center on financing development in a world facing heightened military expenditures and debt issues, particularly in Africa. Spain has pledged to meet a 0.7% GDP aid target by 2030, while currently its aid levels fall below the OECD average, highlighting a complex landscape of intentions versus realities in international development aid.
Despite global trends of declining aid, Spain is increasing its support for the global south, committing to ambitious development goals for 2030.
As the world retreats from multilateralism, Spain will host a significant UN summit in Seville, focusing on financing development amidst growing global crises.
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