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Trust Fund
The Trust Fund on Financing for Development was established by the Secretary-General in May 2000 in order to support substantive preparations for the International Conference on Financing for Development (March 2002, Monterrey, Mexico) and the participation of developing countries in the Conference. Following the Monterrey Conference, the Terms of Reference of the Trust Fund were revised to take into account the Monterrey Consensus, particularly the chapter entitled “Staying Engaged”, and to support the work of the newly established Financing for Development Office in the Department of Economic and Social Affairs. The General Assembly has repeatedly called upon Member States and other potential donors, to consider contributing generously to the Trust Fund for the Follow-up to the International Conference on Financing for Development which would facilitate the implementation of a strengthened and more effective intergovernmental inclusive process for carrying out the financing for development follow-up.
The Trust Fund now seeks voluntary contributions, in order to support follow-up activities related to the Sevilla Commitment, which adopted by consensus at the start of the Fourth International Conference on Financing for Development. The Commitment lays out a path to close the $4 trillion annual SDG financing gap in developing countries. It is the first intergovernmentally agreed financing for development framework since 2015, and a rallying call to overhaul a system that is failing billions of people and pushing global goals further out of reach.