The Diplomat
The final document of the IV International Conference on Financing for Development in Seville, which is still being negotiated, will urge countries to allocate 0.7% of GDP to development aid, according to a statement by the Secretary of State for International Cooperation, Eva Granados, to Congress.
Granados appeared this Monday, along with the Secretary of State for the Economy, Israel Arroyo, before the Commission for International Development Cooperation to report on the IV International Conference on Financing for Development, which will be held in the Andalusian capital between June 30 and July 3.
For his part, Arroyo stated that one of the government’s objectives is for the Conference to serve to “leverage” private financing for cooperation at a time when Donald Trump’s policies in the US, the trade war, and the crisis of multilateralism are generating losses for the entire world, especially for developing countries.
Added to this, the Secretary of State continued, is the fact that some countries are dropping out of cooperation aid and that many states, including Spain, are increasing their defense investments, which requires “optimizing” public funds and avoiding “waste.”
