SEVILLE: The Sultanate of Oman is participating in the Fourth International Conference on Financing for Development, currently underway in Seville, Spain. The conference aims to explore reforms to the global financial system and tackle key development funding challenges.
Heading Oman's delegation is Sultan bin Salim al Habsi, Minister of Finance, joined by Ahmed bin Jaafar al Musalmi, Governor of the Central Bank of Oman, along with several senior officials.
The multilateral gathering seeks to introduce innovative and effective financing mechanisms that can support development efforts, particularly in emerging and developing countries. The widening economic gap between the Global North and South has made such reforms more urgent.
Among the central themes are restructuring global financial governance and enhancing funding tools to achieve the UN Sustainable Development Goals (SDGs).
A highlight of the event is the adoption of the final declaration — the Seville Commitment. This policy document signals renewed global consensus on the need to reshape international financing policies and frameworks for sustainable development.
The conference continues over the coming days, offering a platform for countries to collaborate on more inclusive and impactful development financing.— ONA
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