This Week in Global Development

• Did Sevilla save multilateralism — or just survive the heat?

  As the Fourth International Conference on Financing for Development wraps up, Devex reporters Jesse Chase-Lubitz and Elissa Miolene join Associate Editor Thomas Cserép for a podcast episode reflecting on what transpired this week in Sevilla — beyond the sweltering 115 degrees Celsius heat.The big takeaway from FfD4 is the Compromiso de Sevilla, a document that participants view as both a commitment and a compromise. "Multilateralism lives" became the conference's unofficial motto as countries adapted to the United States’ absence. “It's more of a pickup moment after six months of global upheaval, and now moving forward and seeing what's next, and perhaps there'll be other actors that fill that gap, and maybe that might come from the global south itself,” Miolene said.Key outcomes include establishing a borrowers' group to amplify the voices of low- and middle-income countries, and creating a global debt registry aimed at promoting transparency. While climate language was significantly watered down due to the United States’ proposed amendments prior to their withdrawal, tax reform gained momentum, with renewed calls for a U.N. convention on international tax cooperation.However, civil society groups expressed frustration over access restrictions at the conference, while journalists faced rigorous checkpoints entering areas where negotiations were actually taking place. At the conference’s side events, private sector engagement was notably high, suggesting that despite falling aid budgets, there's a genuine appetite for partnerships — with the overall mood remaining cautiously optimistic about what comes next.

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• Special episode: Can health survive the development finance revolution?

  With aid budgets under pressure globally, delegates at the Fourth International Conference on Financing for Development in Sevilla, Spain, are urgently exploring innovative ways to fund global development. But as the spotlight shifts toward private capital, there’s a growing concern that essential interventions without immediate financial returns — such as health investments — could be overlooked.“We’re very clear that the cheapest money — concessional money, grant financing, and very concessional loans — should be allocated to those investments that give you this massive societal return, but not necessarily a financial return,” said Kalpana Kochhar, director of development policy and finance at the Gates Foundation, in an onstage conversation with Devex President and Editor-in-Chief Raj Kumar.Gavi, the Vaccine Alliance, demonstrates how strategic health investments can pay off over time. “Gavi has graduated a number of countries who originally needed that subsidy to bring in vaccines and help purchase them at a lower price, but now [those countries] are doing it on their own,” Kumar said. However at the recent Gavi replenishment round, pledges fell short by about $2.9 billion of its total budget request.The discussion also highlighted new opportunities to attract private investment in health manufacturing — from vaccine production to locally made bed nets — and reflected on the progress made since the last Financing for Development conference in Addis Ababa, Ethiopia, about a decade ago.This special episode of This week in global development was sponsored by the Gates Foundation.

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• FfD4 kicks off as aid budgets shrink and U.S. steps back

  Development leaders have converged on Sevilla, Spain, for the Fourth International Conference on Financing for Development, or FfD4 — the first such gathering in a decade — as shrinking aid budgets and a U.S. retreat from multilateral commitments reshape the sector.At the 2015 conference in Addis Ababa, Ethiopia, official development assistance was at record levels amid ambitious “billions to trillions” rhetoric — the idea that limited public funds could catalyze massive private investment to tackle global challenges such as climate change.Today’s backdrop includes the pandemic fallout, inflation, the war in Ukraine, and sweeping aid cuts. The U.S. participated in outcome document negotiations until the final stages, reportedly proposing 400 amendments to soften the language on climate and gender before withdrawing entirely, citing too many “red lines.”In this special live podcast episode recorded at Casa Devex, Devex’s events hub for the next few days, reporters Elissa Miolene and Jesse Chase-Lubitz sit down with Executive Editor Kate Warren to discuss what’s at stake and why this “once-in-a-decade” forum has taken on heightened significance.

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• How cuts to Gavi reflect US disengagement from development

  This week, we have been closely following the Gavi, the Vaccine Alliance’s high-level replenishment event in Brussels. Gavi, the leading international organization that provides vaccines to lower-income countries, finalized its five-year investment round event with more than $9 billion in pledges — falling short of its total budget request of $11.9 billion. The United States decided to cut its support for the organization, with U.S. health secretary Robert F. Kennedy Jr. stating that the country will not fund Gavi until it works to “re-earn the public trust.”On the topic of the U.S., our discussion also covers the Trump administration's decision to withdraw support for various U.N. Sustainable Development Goal commitments, alongside its absence from the Fourth International Conference on Financing for Development.To discuss these stories and others, Business Editor David Ainsworth sits down with Sara Jerving and Colum Lynch for the latest episode of our podcast series.Sign up to the Devex Newswire and our other newsletters.

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• Bonn climate talk updates, and how aid cuts are affecting US farmers

  This week, we are at the Bonn Climate Change Conference. From climate financing to the absence of the United States, we take a look at the major talking points at the summit and contemplate whether the talks will translate into actionable policies. We also look at how the Trump administration’s plans to cut foreign aid funding could create unexpected domestic repercussions for American agricultural producers.This policy shift carries severe consequences, potentially undermining the economic stability of U.S. farmers involved in aid supply chains and degrading crucial international mechanisms for disease and pest surveillance that transcend national borders.In order to dig into these stories, and others, Senior Editor Rumbi Chakamba sits down with Global Development Reporters Ayenat Mersie and Jesse Chase-Lubitz for the latest episode of our weekly podcast series. Sign up to the Devex Newswire and our other newsletters.

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