President William Ruto has urged for urgent reforms in the global financial system during the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain.

• Ruto emphasizes the need for public debt to be viewed as a tool for development, not a burden.
• Kenya, Colombia, France, and Germany co-led an Independent Expert Review on Debt, Nature, and Climate.
• The President advocates for reform in international financial institutions like the IMF and supports rechanneling of Special Drawing Rights (SDRs).

On June 30, Canada officially scrapped a planned tax on major US tech firms, aimed at rejuvenating stalled trade negotiations with the United States.

• The digital services tax (DST), a 3% charge on revenues exceeding $20m, would have cost tech giants over $2bn annually.
• President Donald Trump criticized the tax as a “blatant attack,” prompting Canada to act swiftly to facilitate trade discussions.
• Canada's finance minister François-Philippe Champagne emphasized their preference for a multilateral agreement on digital taxation.