Children plant flowers on the playground in Njamen, Chad, as part of an educational project. Explain | What is development financing ? Goals in the field of sustainable development According to the UN, the world needs additional & nbsp; 4 trillion dollars annually to cope with one of the most acute global problems – to defeat poverty and hunger, fight climate change and reduce inequality. These tasks are among & NBSP; 17 goals in the field of sustainable development (CUR), agreed by almost all countries of the world. These goals should be achieved by 2030. However, progress occurs too slowly. One of the main reasons is & nbsp; lack of stable financing. That is why at the end of this month in & nbsp; Seville, Spain, countries, leading economists and other representatives of the world community will gather at & nbsp; the fourth international development financing conference. This event will become a chance to rethink how we pay for the implementation of sustainable development. financing development in its essence & nbsp; nbsp; responds to one one Question: How to pay the world to the creation of a more fair and balanced assistance system, trade and development ?~ 60 > for this the world community mobilizes the entire international financial architecture-taxes, subsidies, trade, financial and monetary policy. This architecture should be as inclusive as possible and use a wide range of sources of financing, strengthening the ability of countries to K & nbsp; independent development so that their citizens can live & nbsp; healthy, productive, prosperous and peaceful life. 62 > 62 > 62 > 62 > 62 > 62 ~ Traders in Madagascar, one of the least developed countries in Africa, transport coal to the market. funding for development, in fact, aimed at & nbsp; “to change the system itself and give developing countries the opportunity to invest in its future,” noted & nbsp; the director of stable development in the UN Department of Economic and Social Affairs of the ball SPEC in the course of interviews UN news. Among the sources of funds are & nbsp; multilateral development banks that provide financial and technical assistance to developing countries. In addition, & NBSP; stimulating economic growth helps the international and national trade and tax policy reform. An important role is also played by & nbsp; official external assistance for development purposes, thanks to which funds from developed countries are delivered directly to developing countries. ~ 60 > why financing of development is important ? 60 ~/h2 ~~ 60 > from the growth of debts and the fall of investments to reducing external assistance and non -fulfillment of goals – currently the system & nbsp; does not work for the benefit of people for whom it was created. 62 ~ ~ 60 > ~ ~ strong > read Also: UN report: progress in the field of human development has slowed down to a minimum for 35 years ~ 60 > 62 > 62 > 62 > 62 > 62 > 62 > 62People around the world are already & nbsp; they pay for this: ~ 60 > debt load grow, the investments are reduced, the volumes of assistance fall. it means less money on & nbsp; schools, hospitals, clean water and workplaces & nbsp; – what is necessary for a decent life. 62 ~ 60 > 62 ~ to 2030 & nbsp; up to 600 million people & nbsp; may remain in conditions Do not change the current trends. ~ 60 > to achieve the TSUR & nbsp; decades. today & nbsp; 3.3 billion Man & nbsp; live in countries that spend & nbsp; more on duty than healthcare or education. what system changes It is necessary ?With growing trade barriers and an annual reduction in assistance, & NBSP; the previous approach to financing development became non -viable. Conference in Seville is a chance & nbsp; change course, mobilize funding on the required scale and & nbsp; reform the system rules by putting people in the center & nbsp; 62 > 62 > 62 > Work on the high-speed transport system connecting Delhi to the Mirut in Uttar-Pradesh, India. The conference will gather the leaders of the countries, representatives of the civil society and experts in the field of finance to discuss & nbsp; new approaches. And what is especially important – & nbsp; developing states will get a place at the negotiating table so that their needs are taken into account when making decisions. ~ 60 > what role the debt plays ? 60 ~/h2 ~~ 60 > in the current financial system Developing countries & nbsp; forced to pay huge amounts for debts & nbsp; and are faced with & nbsp; much higher costs-sometimes in & nbsp; two to four times higher than developed countries. These expenses grow especially rapidly during or immediately after crises, creating & nbsp; a vicious circle: countries have no means to develop those structures that would help them prevent crisis and reduce the same expenses. ~ 60 > 62 > 62 > 62 > 62 > 62 ~ 62“With such exorbitant debts and the cost of capital developing countries, there is almost no chance to finance the achievement of sustainable development goals,” said the UN Secretary General & nbsp; Antoniu Guterres. ~ 60 > what to expect from Conferences ?~ 60 > according to the head of the UN, in order to return to the path to eradicating poverty, hunger and inequality, & nbsp; will need “large -scale ideas” and “ambitious ideas” and “ambitious Reforms. 60 > “This is a unique opportunity to reform an international financial system that is outdated, turned out to be ineffective and unfair,” said Gutherrish, speaking of the upcoming conference. 62 > 62 > 62 > Children stand at the door of the house in the poor area of Lebanon. member states have already agreed on & nbsp; the draft final document that will start & nbsp; a large-scale package of reforms & nbsp; and specific actions necessary for reducing & nbsp; $ 4-trillion. The United States has left the process of preparing the conference & nbsp; on Tuesday, at the stage of final negotiations on the document, saying that & nbsp; cannot support the proposed project. ~ 60 > 60 > reform will also be included in & nbsp; effective mobilization of various mobilization of various participants & nbsp; – private and public sectors, formal and informal structures, both in developed and developing countries – with the orientation of their incentives and obligations to a sustainable future. this means: ~ 60 > confirmation of the role & nbsp; multilaterality & nbsp; as the basis of development; ~ 60 > increase in taxes to international funds to international goals; 60 ~ 72 ~ decrease in the cost of capital for developing countries; ~ 60 > restructuring existing debts; ~ 60 > search & nbsp; innovative financing methods. 60 ~ ul >~ 60 > “Seville is only the beginning, not the end of the process. Now the question is how to realize these obligations, ”said Shary Spiegel.