The Philippines is urging the international community to swiftly reform the global financial system to provide tailored support to middle-income countries
amidst rising global challenges.
The FFD4, held from June 30 to July 3, 2025, gathered heads of state, ministers and senior officials from international organizations, civil society, the business sector and local authorities. Discussions focused on reform financing at all levels and addressing financial challenges hindering the achievement of the Sustainable Development Goals .
The Philippines, through its Permanent Mission to the United Nations in New York, represented the Group of 77 and China, and the Like-Minded Group for Middle-Income Countries in the negotiations for the outcome document. The DOF also supported the establishment of a UN intergovernmental process for a more inclusive and equitable global debt architecture that ensures participation and transparency, taking into account national development priorities.
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