// SECTION NAME // DEVELOPMENT: DEVELOPMENT AND DEBT RELIEF
Strengthening the global finance architecture: empowering national development banks for long-term growth
T he convergence of multiple global shocks has created an environment of heightened uncertainty and sustained volatility, revealing deep struc- tural vulnerabilities across economies and societies. This context underscores the need to reassess prevailing develop- ment models and the operational role of development finance institutions. Coun- tries require a long-term, transformative agenda capable of addressing structural constraints and enabling transitions towards more resilient, inclusive and sustainable development pathways – beyond a short-term crisis response. Achieving this vision depends on strengthened international cooperation, improved resource mobilisation, effec- tive knowledge exchange and reinforced institutional capabilities. In this broader landscape, the Sevilla Commitment, adopted during the Fourth International Conference on Financing for Development in June 2025, is a pivotal step forward in redefining the role of national development banks within the evolving global financial architecture. The agreement calls for comprehen- sive reforms to enhance systemwide coherence and positions NDBs as core instruments for mobilising capital at scale
Amid global shocks and structural vulnerabilities, national development banks are emerging as critical instruments for mobilising long-term, resilient investment
Edgardo Alvarez, secretary-general, Latin American Association for Development Financing Institutions
76 // G7 FRANCE: THE ÉVIAN SUMMIT 2026
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