The International Conference for the Financing of Development is taking place in Seville under the auspices of the UN.
Donald Trump dramatically decreased the programs of the United States Agency for International Aid (Usaid), leaving a large void in medication and the fight against hunger.
It is estimated that if Usaid's cuts continue, 14 million people worldwide would lose their lives by 2030.
The irresponsible withdrawal of Usaid's assistance has created a dramatic challenge for humanity and its multilateral institutions.
The UN estimates that aid for 2025 will be 20% below the previous year.
The Seville conference presents itself as a rebellion against the fatalism of this juncture.
Spain, led by its President Pedro Sánchez, is making efforts to shake up the financing of development.
The need to improve and create new formulas to make economic assistance more effective is considered.
Conclusion: It is crucial to articulate alternatives to the withdrawal of U.S. aid and prevent other countries from following this pattern. Otherwise, poverty in developing countries could end up negatively affecting rich countries.