At the ongoing 4th International Conference on Financing for Development in Seville, Spain, African leaders are making a strong case for urgent reforms to the global financial architecture.

Delegates from 51 African nations — including heads of state, prime ministers, and finance ministers — are pushing for a system that better addresses the continent’s development needs and vulnerabilities.

They argue that the current global financial system is outdated and biased against low-income countries, limiting access to critical funding and fair representation.

Leaders are calling for debt restructuring, greater inclusion in decision-making, and a shift toward financing models that prioritize development and resilience.