At the latest UN International Conference on Financing for Development in Seville, Spain, King Felipe VI called for a new roadmap to support global development amid recent funding cuts by the U.S. and other nations. Attended by over 70 world leaders, the conference aims to address the challenge of declining aid and increasing defense spending. UN Secretary-General Antonio Guterres highlighted the need to rebuild trust during this difficult period characterized by economic slowdown and rising trade barriers, stating that financing is crucial to development efforts.
King Felipe VI emphasized the need for a new roadmap focusing on concrete, achievable results amidst funding cuts, particularly from nations increasing defense spending over aid.
UN Secretary-General Antonio Guterres described the current global landscape as one of difficulty and division, stressing that the summit aims to rebuild trust amidst dwindling development aid.
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