The Fourth UN Financing for Development Conference – the first on European soil – provides a historic opportunity to make the case for a solution to the current debt crisis. The process leading up to summer 2025 will be a key time for campaigning and advocacy by civil society organisations seeking systemic and comprehensive international financial architecture reforms.

We cannot wait any longer for a solution to the current debt crisis. The more we delay discussion around debt architecture reform, the worse it is for global south countries actively dealing with the effects of the debt crisis. Debt is killing the SDGs and the possibility of tackling the climate emergency, plus it has been crowding out resources from the most vulnerable populations, especially women and girls.