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At least 50 world leaders meet in Seville to respond to world concerns, including hunger, climate change and health care.
The United Nations Conference on the Development of Financing has opened its doors in the South City of the Spaniard in Seville, because the Member States should discuss global inequalities in the midst of significant financial loss following the United States Agency for International Development (USAID) financing.
The event once in a decade will take place from Monday to Thursday, aimed at responding to urgent global concerns, including hunger, poverty, climate change, health care and peace.
At least 50 world leaders gathered in Seville, including the secretary general of the United Nations Antonio Guterres, the president of the European Commission Ursula von der Leyen, the French president Emmanuel Macron and President Kenyan William Ruto.
More than 4,000 representatives of companies, civil society and financial institutions also participate in the fourth edition of the event.
But the group’s most important player, the United States, hides the talks following President Donald Trump’s decision to reduce funding shortly after taking office in January.
In March, State Secretary of the State, Marco Rubio, said that the Trump administration had canceled more than 80% of all the USAID programs.
In addition, Germany, the United Kingdom and France also make reductions to compensate for the increase in expenses defenseImposed by Trump on NATO members.
But the series of development aid reductions is worrying, the world defense group Oxfam International, saying that development aid cuts were the most important since 1960.
The UN also puts the growing gap in annual development funding at 4 dollars.
The conference organizers said that the key objective of talks was to restructure the financing of the 17 UN Sustainable Development (SDD) (SDD) during the last meeting in 2015 and should be reached by 2030.
But with reduced development aid, the objectives of reaching the SDGs in five years, in particular the elimination of poverty and hunger, seem unlikely.
Earlier in June, conferences in New York produced a joint statement, which will be signed in Seville, engaging in the UN development objectives to promote gender equality and reform international financial institutions.
The permanent representative of Zambia at the UN, Chola Milambo, said that the document shows that the world can meet financial challenges in the way of achieving development objectives, “and that multilateralism can still work”.
However, Oxfam condemned the document for lack of ambition and said that “the interests of a very rich are on those of everyone”.