According to a draft document obtained by Reuters, the United States is attempting to weaken a UN treaty intended to assist developing nations in addressing financial and climate change issues. In preparation for the 4th International Conference on Financing for Development (FFD4) in June, the document describes suggested changes to the global financial system, such as those pertaining to credit ratings, taxes, and subsidies for fossil fuels.

The United States opposes these amendments and seeks to eliminate references to "climate," "gender equality," and "sustainability." It also intends to replace a request to "reform the international financial architecture" with softer language about enhancing its resilience.

The US delegation claims that the document is excessively comprehensive and challenges the "ever-widening definition of sustainable development." It also opposes the United Nations influence over institutions like as the World Bank and the IMF, arguing that they should remain independent, Reuters reported.

These positions reflect a broader “America First” approach that resists global coordination on climate and development issues.