Global action on development finance

Developing nations face unsustainable debt, high borrowing costs and limited fiscal space.

Developing countries, including Nepal, face the pressing challenge of financing for development. The Fourth International Conference on Financing for Development (FFD4) was recently held in Seville, Spain (June 30–July 3, 2025), building on previous declarations—the Monterrey Consensus 2002, the Doha Declaration 2008, and the Addis Ababa Action Agenda 2015—to address the Sustainable Development Goals financing gap. The Compromiso de Sevilla for Action (Sevilla Commitment for Action) reinforces that developing countries are off-track in meeting Sustainable Development Goal (SDG) financing gaps, which amount to $4 trillion annually.