This initiative aims to reimagine international cooperation by establishing a bold, inclusive, and future fit model of financing – Global Public Investment (GPI) – to address the most urgent collective challenges of our time. In an era marked by planetary crises, growing inequality, and increasing geopolitical fragmentation, existing systems of development cooperation are struggling to evolve. The world lacks a shared vision on how to mobilize and allocate resources to respond to common needs and vulnerabilities, such as climate change and pandemics.
The GPI model proposes a fundamental shift: from a donor–recipient paradigm to one where all contribute, all benefit, and all decide. Unlike traditional aid, which is often conditional, short-term, and driven by donor priorities, GPI represents a modern, cooperative, and equitable framework for international public finance, tailored to achieve long-term, systemic solutions through public funding that reflects global solidarity.
The initiative will be led by a multistakeholder coalition of pioneering governments, global experts, civil society leaders, and think tanks who will launch a GPI Coalition at the Fourth International Conference on Financing for Development (FfDIV) in Seville. Together, they will co-create, pilot, and scale an agreed framework for GPI through regional dialogues, thematic task forces, and pilot projects addressing global priorities such as biodiversity protection, pandemic preparedness, and the energy transition.
By delivering a proof of concept for GPI, this coalition aims to embed GPI within the global financial architecture by 2028. It will showcase practical mechanisms for shared governance, fair contributions based on economic capacity and other criteria, and equitable benefit-sharing—ensuring all countries have both a voice and a stake in solving global challenges.
This initiative is strongly aligned with the FfD agenda and the SDGs. It expands the ambition of global development cooperation by safeguarding poverty reduction while leveraging new sources of additional public finance to address currently underfunded global needs.
Unlike private or philanthropic funding, global public investment brings accountability, flexibility, concessionality, and legitimacy, while also reducing fragmentation; qualities essential to addressing long-term global challenges.
Seville 2025 presents a generational opportunity to reshape international cooperation in line with this vision. The GPI Coalition will advocate for a new financing framework—one capable of rebuilding trust, srengthening multilateralism, and delivering real progress for people and planet. We will invite governments, institutions, and civil society to join this call to action, growing the coalition to help shape a more equitable and resilient future.
Lead Implementing Countries/Entities
Endorsing Countries/Entities
Objectives
This initiative will establish a bold and action-oriented platform — the GPI-Seville Platform for Action (GPI-SPA) to catalyze the development and adoption of a new framework for global financing rooted in the principles of GPI- all contribute, all benefit, and all decide.
To achieve this, the initiative will launch a high-level Global Taskforce, convene regional dialogues across Latin America, Africa, Asia, North America, and Europe, and develop technical proposals to institutionalize GPI principles within global and regional public finance mechanisms. These proposals will focus on priority areas such as climate transition, pandemic preparedness, biodiversity protection, and health equity.
The GPI-SPA will also produce a strategic roadmap for embedding GPI into the international financial architecture by 2028, including monitoring and evaluation, with the aim of making it a permanent feature of how the world cooperatively finances global public goods (GPGs).
This initiative builds on growing political and intellectual momentum. The GPI framework has gained traction through major publications like Time for Global Public Investment, the G20 Development Working Group’s discussions on global public goods under South Africa’s presidency, and recommendations from high-level panels including the High-Level Advisory Board on Effective Multilateralism, the Climate Governance Commission, and the Kofi Annan Commission on Food Security. Elements of GPI are also emerging in national processes, such as Norway’s 2023 Sending Utvalget 2023 review.
By 2028, the GPI-SPA aims to:
– Establish at least one GPI-aligned global or regional mechanism, providing transparent, non-debt-creating, cooperative funding for shared global challenges.
– Present a formal proposal to integrate GPI into the UN and multilateral financial frameworks, supported by evidence from real-world pilot projects.
GPI is designed to complement, not replace official development assistance by providing a parallel stream of inclusive, accountable, and equitable financing. It aligns with broader goals for tax justice, illicit financial flow reforms, and preservation of fiscal space in low- and middle-income countries, and will learn from parallel initiatives, including proposed high-level commissions (as proposed by Germany and by Gates Foundation) on development cooperation.
Scope of the Initiative
