The Fourth International Conference on Finance for Development (FfD4) is a critical opportunity to reimagine and begin rebuilding the global financial system. The current financial architecture–shaped to serve the interests of wealthy individuals, nations, and multinational corporations– has failed to uphold human rights and respond to the unrelenting global crises, including the deepening of global inequality, poverty, debt, and climate crises. Despite repeated commitments to reform, it continues to reproduce power asymmetries between countries, privileging the interests of the Global North while systematically excluding the Global South from meaningful participation in global economic decision-making.
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