Dhaka, Feb. 28 -- The United Nations Conferences on Financing for Development have been great occasions for building consensus on global financing issues. The next meeting, set for mid-2025 in Spain, will continue the progress made previously in Monterrey (2002), Doha (2008), and Addis Ababa (2015), and preparations are already underway with the launch of two major background documents. While a "Zero Draft" will serve as the basis for the negotiations, delegates also will consider a set of proposals from an international commission of experts that I had the honor of coordinating. Both reflect the ambition to build on the Addis Ababa Action Agenda.

The central objective of this process is to support developing countries' growth strategies...