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flag The UN held its first Development Finance Summit to address a $4 trillion annual gap in funding for global development goals.

flag The UN hosted its first Development Finance Summit to tackle a $4 trillion annual financing gap for the Sustainable Development Goals, urging reform of global financial systems to support developing nations. flag Leaders from the G7, G20, WTO, and IMF stressed debt relief, affordable financing, tax fairness, and stronger multilateral cooperation. flag UN Secretary-General António Guterres called for modernizing outdated financial rules and reducing borrowing costs, while IMF and WTO officials highlighted the need for inclusive policies and resilient trade. flag The summit, part of the Pact for the Future, aims to strengthen coordination, increase private investment, and ensure developing countries have the fiscal space to respond to crises and drive sustainable growth.

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