Global finance is broken: will Canada help fix it?

The rise in global military spending proves this isn’t about scarcity. Development cooperation is about shared security, including ours. Canada helped shape consensus in Seville—no small feat in a fractured world. But consensus is no excuse for complacency.

Canada’s UN Ambassador Bob Rae joined global leaders as the conference concluded and opened the plenary with a quote from Leonard Cohen: 'Ring the bells that still can ring. Forget your perfect offering. There is a crack in everything. That’s how the light gets in.'The Hill Times photograph by Andrew Meade

Opinion

BY PAUL FARRAN

July 24, 2025

Last month, in Seville, Spain, global leaders, including Cooperation Canada, gathered at the Fourth International Conference on Financing for Development (FfD4) to rethink the future of global finance.

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