The Failure of International Conferences and Financing for Development

Writer: Ziad Abdel Samad

In light of the deadlock in UN initiatives and the absence of international will, should developing countries, particularly the Arab region, continue to rely on foreign partners?

The Fourth International Conference on Financing for Development was convened, and unsurprisingly, the participants failed to reach the desired outcome in addressing the challenges facing the world today. Failure has become a recurring fate for international initiatives across various fields: from climate negotiations where industrialized nations evade their historical responsibilities for emissions causing global warming, to free trade negotiations that have reached a dead end due to these countries adherence to their interests, placing multinational corporations at the heart of their priorities. These industrialized nations themselves were also behind the failure of the “Summit of the Future,” held in the summer of 2024 to address global challenges in the areas of development, climate, artificial intelligence, and international peace and security.

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