"Without affordable capital and open markets, progress will stall. High debt premiums cannot be fixed by technical adjustments alone," he said.
The President pointed out that the outcome document supports a global financing safety net, calling for governance reforms of the International Monetary Fund, easier access to precautionary instruments, lower lending rates, and improved utilisation of Special Drawing Rights.
"I welcome the document's strong emphasis on national ownership and sovereignty. For those of us from Africa, the continent's development is our responsibility. We approach it with purpose and determination," he said.
President Ruto commended the recognition of trade and industrialisation as drivers of structural transformation.
He said Africa is ready to become the next global frontier for production and innovation.
"No country has achieved lasting prosperity without manufacturing and export diversification," the President explained.
He called for trade rules and pricing systems that reward green production and support decarbonisation efforts.
"Africa must be part of that solution, transforming green premiums into green discounts," he said.
Mr Guterres said the conference at Seville aims to change the course of development financing and reignite the engine of growth, accelerate investment, and restore fairness and justice globally.
"The commitment is a global promise to fix how the world supports countries as they climb the development ladder," he said.
President Perez-Castejon echoed the call for reform, stressing the need to make the international financial system more representative, just, and effective.
He noted that the global financing gap for achieving sustainable development stands at $4 trillion.
President Perez also noted the unfortunate reality that two in every five families live in countries forced to give priority to debt servicing over education and healthcare.
"That is not the path of sustainable development; it is the path that leads to frustration and injustice," he said.
World Bank President Banga reaffirmed the institution's commitment to creating an enabling environment for job creation and unlocking the potential of the current generation.