Changes between two versions
What changed between the draft committee report and the plenary report
From · draft committee report· 12 Feb 2025
on financing for development – ahead of the Fourth International Conference on Financing for Development in Seville
To · plenary report· 3 Jun 2025
on financing for development – ahead of the Fourth International Conference on Financing for Development in Seville
AI:What changed, in short
The report expands significantly, adding many new recitals and paragraphs on debt, climate, tax, and geopolitical issues, and shifting focus to structural reform of the international financial architecture.1234 New calls include a UN Framework Convention on Sovereign Debt, a UN tax convention, and mandatory EITI, while strengthening gender equality and civil society participation.3102 The report now emphasizes that private finance cannot replace public investment, and adds specific funding targets for education and UNRWA.713 It also responds to the US withdrawal from foreign assistance, positioning the EU as a key actor and calling for increased ODA budgets.11215 The other changes are formal: updated heading and forwarding instruction.1114
13 changes of substance · 2 formal · 0 of wording only
Written by AI from the two texts only · read the changes before relying on it · 4 Sept 2026 · Report a problem
+128 added · −37 removed · 8 changed paragraphs, packaging included.
Part 5 of 5: EXPLANATORY STATEMENT
Change 15
Added:EXPLANATORY STATEMENT
Added:4th International Conference on Financing for Development
Added:Underfunding for the Sustainable Development Goals (SDGs) has become chronic. According to the United Nations, the total financing requirement amounts to an additional 4 000 billion dollars a year.
Added:Official Development Aid represents only a tiny percentage of the overall amount required to achieve SDGs.
Added:The Seville conference will be an opportunity to respond to this huge challenge. An international order shaken by political, security and environmental crises and significant geopolitical tensions give the 4th Conference on Financing for Development a new perspective.
Added:Added to this, the withdrawal of a major player, USAID, has thrown into doubt the finalisation and completion of ongoing projects and programmes. And it does not bode well as far as the US contribution to the programming of new programmes is concerned.
Added:Developing countries are therefore facing increasingly worrying levels of debt. The problem, like so many others, is now becoming structural.
Added:The Seville conference will be a stress test for all development actors, and in particular for the European Union.
Added:For the Member States first of all, most of whom are far from meeting their ODA financing target as renewed in 2015 in Addis Ababa. Some Member States have not only failed to meet their ODA target of 0.7% of Gross National Income (GNI), but have even reduced their aid volume.
Added:This is also a challenge for the development financing architecture, which was designed to create a favourable environment for mobilising the private sector.
Added:It is also a great responsibility for the Commission, tasked with coordinating the 28 EU development actors, i.e. the 27 Member States plus the Commission itself.
Added:Less in terms of capital contributions but primarily as contributors to partnership actions. Moreover, we should not forget CSOs as important vehicles for delivering cooperation and development, because of their expertise and the way they raise public awareness.
Added:As the US has already lost credibility on the issue of development, we need to rethink our own development action.
Added:As Europeans we can do more and better. We can do more by meeting the commitments we have already made. And we can do better by constantly devising ways of ensuring the link between our action and human development in our relations with our partners in the South.