International leaders meet in Spain to discuss financing for development amid global crises and budget cuts.

The UN-organized FfD4 conference in Seville brings together more than 50 leaders to address the $4 trillion annual funding shortfall for countries in the South. The US is not attending, accusing a violation of sovereignty. NGOs such as Oxfam warn of historic cuts in development aid, while the public debt of poor countries has soared. Antonio Guterres stresses the need to review the international financial architecture to improve cooperation and support affected countries.