Writer: Ahmad Awad
Today, financing development has become a primary focus of international discussions, especially as the Fourth International Conference on Financing for Development approaches. Scheduled for next June in Seville, Spain, this conference comes at a critical juncture for the global development financing system, amid a marked decline in commitments by wealthy countries and a worrying shift in support mechanisms from aid and grants to loans and trade, threatening the future of development in the countries of the Global South.
Justice in development financing is not a political luxury, but rather a fundamental condition for the survival of humanity and human dignity. Unless international discourse is transformed into enforceable commitments, the future of development will remain subject to political and economic fluctuations. The active role played by global civil society organizations and their networks in the development financing process may serve as a model in defending the interests of the peoples of the South and in striving to build a more just and equitable global economic order.
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