by LUIZ INACIO LULA Da SILVA, CYRIL RAMAPHOSA, & PEDRO SANCHEZ
Amid creeping unilateralism, the world must reinforce multilateral action to tackle global threats, such as climate change and inequality.
The year 2025 will be pivotal for multilateralism. The challenges before us — rising inequalities, climate change, and the financing gap for sustainable development — are urgent and interconnected. Addressing them requires bold, coordinated action — not a retreat into isolation, unilateral actions, or disruption.
Three major global gatherings offer a unique opportunity to chart a path towards a more just, inclusive and sustainable world: the Fourth International Conference on Financing for Development (FfD4) in Seville (Spain), the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change (UNFCCC) in Belém (Brazil) and the G20 Summit in Johannesburg (South Africa). These meetings must not be business as usual: they must deliver real progress.
A multilateral moment we cannot waste
Trust in multilateral institutions is under strain, yet the need for dialogue and global cooperation has never been greater. We must reaffirm that multilateralism, when ambitious and action-oriented, remains the most effective vehicle for addressing shared challenges and advancing common interests.
We must build on the successes of multilateralism, in particular the 2030 Agenda and the Paris Agreement. The FfD4, COP30 and G20 must serve as milestones in a renewed commitment to inclusiveness, sustainable development, and shared prosperity. This will require strong political will, the full participation of all relevant stakeholders, a creative mindset and the ability to understand the constraints and priorities of all economies.
Tackling inequality through a renewed financial architecture
Income inequality is widening—both within and between nations. Many developing countries struggle under unsustainable debt burdens, constrained fiscal space, and barriers to fair access to capital. Basic services such as health or education must compete with growing interest rates.
This is not just a moral failing; it is an economic risk for all. The global financial architecture must be reformed to provide countries in the Global South with greater voice and representation and fairer and more predictable access to resources.
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