It’s time to finance our future and ‘change course’, Guterres tells world leaders in Sevilla

António Guterres issued his clarion call noting that sustainable development powered by international cooperation, is now facing “massive headwinds.” Addressing the opening session of the 4th Financing for Development Conference (FFD4) in baking hot Sevilla, Spain – basking in record high June temperatures – the Secretary-General noted multilateralism itself is also feeling the heat, while […]

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Faith in finance: Indonesia’s innovative path to sustainable development

The Southeast Asian country has already raised close to $12 billion in thematic bonds, including blue bonds and Islamic investment instruments over the last seven years. These efforts have been supported by development partners, including the United Nations. Putut Hari Satyaka, is the Deputy Minister for Development Financing and Investment at Indonesia’s Ministry of National Development Planning […]

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New UN report charts path out of debt crisis threatening global development

On Friday, Deputy Secretary-General Amina Mohammed launched a new report, Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing. She was joined by experts Mahmoud Mohieldin and Paolo Gentiloni, along with Rebeca Grynspan, Head of the UN Conference on Trade and Development (UNCTAD). A growing crisis “Borrowing is critical for development,” Ms. Mohammed said, […]

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‘Global solidarity benefits us all’: Spain makes the case for development funding

For decades, helping the least developed countries to develop has been seen as beneficial for the international community as a whole, as well as a duty of the countries with more resources. However, this philosophy is being challenged by some wealthy nations, which have decided to reduce or even end funding for projects and initiatives […]

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Power to the people; funding community-led development in Somalia

In the heart of Galmudug State, Somalia, the dream of two young women, Iftin and Aminaa, to attend university in Abudwaq was fraught with challenges. Frequent power cuts and a long, dark and possibly dangerous road between the campus and town made it nearly impossible for them and other girls to attend evening classes. Determined […]

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Sevilla conference on development financing shows optimism for multilateralism

Today, a $4 trillion financing gap is hindering progress toward achieving the Sustainable Development Goals (SDGs) by the end of this decade. In response, the Fourth International Conference on Financing for Development (FFD4) will take place in Sevilla, Spain, beginning on 30 June, bringing together stakeholders to advance solutions to the financing challenges threatening sustainable […]

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£600m Government Investment Safeguards Over 40,000 Jobs Across Wales

More than 40,000 jobs have been created or safeguarded across Wales during the current Senedd term, following over £600 million in direct investment by the Welsh Government, it was confirmed today. As part of this ongoing strategy to build a stronger, fairer, and greener economy, Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, has […]

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L’Oréal Launches €100 Million Sustainable Innovation Accelerator to Advance Eco-Friendly Beauty Solutions

Paris, France — June 2025L’Oréal Groupe has announced the launch of a €100 million Sustainable Innovation Accelerator aimed at advancing environmentally responsible solutions within the global beauty industry. Spanning five years, the program is designed to identify, support, and scale cutting-edge innovations across seven critical sustainability domains. Developed in partnership with the University of Cambridge […]

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$1 towards a girl’s education = $3 for the global economy: That’s how development works

Every dollar invested in girls’ education yields an average return of $2.80 – translating into billions in additional GDP. Similarly, each dollar spent on water and sanitation saves $4.30 in healthcare costs. Simple math, not miracles These aren’t miracles – they’re measurable outcomes. Maths doesn’t recognize gender or infrastructure; it simply reflects the truth in […]

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Amazon to Invest £40 Billion in UK Over Next Three Years in Major Expansion Push

LONDON, 23 June 2025 — Amazon has announced plans to invest £40 billion ($54 billion) in the United Kingdom over the next three years, marking one of its largest financial commitments to a single country outside the United States. The move was welcomed by the UK government as a significant endorsement of its economic strategy. […]

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