Core Viewpoint - The global development financing landscape is facing significant challenges, with a pressing need for international cooperation, particularly from developed countries, to address the funding gap and support sustainable development goals [1][2][3]. Group 1: Global Financing Challenges - The United Nations reports a need for an additional $4 trillion annually to achieve sustainable development goals, including poverty eradication and climate change mitigation [2]. - Developing countries face borrowing costs that are 2 to 4 times higher than those of developed nations, exacerbating their financial burdens [2]. - A significant portion of the debt expenditures in countries with 3.3 billion people exceeds investments in healthcare or education, creating a vicious cycle of debt and development constraints [2]. Group 2: Role of Developed Countries - Developed countries are urged to take greater responsibility in addressing the financing gap, including fulfilling commitments for official development assistance and climate funding [3]. - The historical context of colonial exploitation and the current structural imbalances in the global financial system are identified as root causes of the development gap [3]. - Failure to address these issues could hinder modernization in developing countries and negatively impact global economic stability, affecting all economies, including developed ones [3]. Group 3: China's Contribution - China emphasizes its commitment to global development by increasing foreign aid, participating in multilateral financing, and enhancing investment in developing countries [4]. - Initiatives like the Asian Infrastructure Investment Bank and the BRICS New Development Bank are highlighted as efforts to improve representation and voice for developing nations [4]. - China advocates for a global macro policy framework that prioritizes development and calls for collaborative efforts to enhance financing channels and the role of developing countries in international financial structures [4]. Group 4: Call for International Cooperation - The consensus reached at the conference outlines a roadmap for addressing the financing challenges, emphasizing the need for unity and action among nations [5]. - The international community is encouraged to transform plans into reality to foster a prosperous future through collaborative efforts [5].