Power and Politics

Zambia backs Seville Commitment, calls for financial reforms, stronger global accountability

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Zambia has called for enhanced accountability, robust monitoring mechanisms, and empowered national institutions to ensure all stakeholders fulfil their development responsibilities.

The country also welcomed the adoption of the Seville Commitment—the outcome document of the Fourth International Conference on Financing for Development (FfD4)—which Zambia co-facilitated alongside Mexico, Nepal, and Norway.

Minister of Foreign Affairs and International Cooperation, Mulambo Haimbe, made the remarks during the General Debate in Seville, according to a statement issued by Naomi Mweemba, First Secretary for Press at the Zambian Embassy in Paris, France.

Haimbe urged United Nations (UN) Member States to prioritise tangible outcomes in key areas such as job creation, food systems, infrastructure, innovation, and human development.

He reiterated Zambia’s call for a comprehensive reform of the international financial architecture to make it more inclusive, equitable, and representative.

“There is a need to address the unjust cost of capital, improve access to affordable finance, and strengthen the voice of developing countries in global governance structures,” the minister stated.

Haimbe stressed the urgency of implementing the Seville Commitments, describing them as critical to overcoming financing barriers to achieving the Sustainable Development Goals (SDGs).

He warned of the risk of failing an entire generation if progress on the SDGs was not accelerated.

“We need to unlock untapped sources of finance through strengthened international tax cooperation, combating illicit financial flows, and scaling up private capital and development cooperation aligned with national priorities,” Haimbe said.

He also reminded UN Member States that Africa was not a problem to be solved but a partner to be embraced—a growth frontier rich in ideas, natural resources, human capital, and economic potential.

Read More: Zambia’s population growth outpaces economy, threatens sustainable development — Mutombo

Highlighting Zambia’s domestic reforms, Haimbe cited ongoing investments in renewable energy, modernised agriculture, improved fiscal governance, and macroeconomic stability.

“Trade, not aid, must drive transformation,” he said, calling for increased support for value addition, industrialisation, and deeper integration into regional and global value chains.

He further called for the fulfilment of long-standing Official Development Assistance (ODA) commitments, particularly to Least Developed Countries (LDCs), and a renewed focus on development effectiveness.

Haimbe urged the global community to rebuild trust amid growing inequalities, intensifying climate crises, and rising debt burdens.

He praised the resilience, innovation, and leadership of the Global South in charting a self-determined and sustainable development path.

On Monday, June 30, 2025, UN Member States officially adopted the Seville Commitment, a bold and comprehensive global framework aimed at addressing the urgent financing challenges hindering sustainable development worldwide.

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