Reel | What is TF COP all about? The Sevilla declaration - Trade Treasury Payments

We’re live in Sevilla, Spain, at the ITFA TF COP gathering. Today, on the fringes of the United Nations Fourth International Conference on Financing for Development (FFD4), a coalition of public and private institutions formally launched the TF COP Task Force. The ambition is to close the trade finance gap, through a coordinated mix of sandbox pilots, advocacy, and capital solutions.

TTP is proud to be a media partner of both the UN FFD and TF COP. Convened under the umbrella of ITFA, with foundational backing from global DFIs, central banks, insurers, trade bodies, and a wide cast of private actors, the Task Force has officially begun work.

The TF COP model rests on three working layers:

A Think Tank to map the landscape, define problems, and shape working groups (Africa already has its own ARC WG underway).

An Incubator to host live sandboxes — member-led pilots testing SME financing tools, securitisation strategies, and insurance-backed solutions.

A Board to govern progress and set strategic direction, meeting regularly throughout the year (including during IMF/World Bank Week in Washington).

The TF COP launch took place against the backdrop of the newly adopted Sevilla Commitment, the formal outcome document of FFD4. The UN declaration sets out to renew the global financing framework for development, with strong emphasis on multilateralism, inclusive capital access, and private sector mobilisation.

Section I, Paragraph 4 of the Sevilla Commitment:
“We are running out of time to achieve our goals. The gap between our sustainable development aspirations and financing to meet them has continued to widen.”

Section II, Paragraph 31 of the Sevilla Commitment:
“Private business activity, investment and innovation are major drivers of sustainable development… but remain hampered by underdeveloped markets, high costs of capital, and short-term incentives.”

Here is Duarte Pedreira, opening the event.

Watch the video on YouTube here.