called on the United Nations to reform the cooperation model with an inclusive, multidimensional, and mutually beneficial approach.
Within this framework, the APCI head noted that development financing has not kept pace with the needs of developing countries, including middle-income nations, which face vulnerabilities, structural gaps, and inequalities; however, they still have limited access to international development financing.
"Developing countries are undergoing a development-in-transition process. Therefore, there is an urgent need to propose a new post-Seville metric for measuring development," Pantoja stated.
In that regard, she proposed including social mobility as a new key indicator, as it allows for an analysis of the real opportunities to improve quality of life —an aspect directly linked to the structural inequality that persists in developing countries and is rooted in the concept of providing people with the opportunity to improve their living conditions.
Development financing
The Peruvian government official called for promoting innovative financing mechanisms that mobilize public and private resources, strengthening synergies among the private sector, academia, and other development actors to generate multilevel and multi-stakeholder solutions.
The diplomat also reaffirmed Peru's commitment to South-South and Triangular Cooperation, as well as to the principles of effective international cooperation.
It is worth noting that the
UN's FFD4 is being held at the Conference and Exhibition Centre of Seville (FIBES) from June 30 to July 3, ten years after its last edition in Ethiopia (2015).