The launch of the new edition of INDICO (Coherence Index) coincides with the IV Conference on Financing for Development, held in Seville. At this event, where those who control the threads of economic power are negotiating behind closed doors on issues such as taxation, external debt negotiations, or cooperation funds, global civil society is highlighting the urgent need to transform a global economic system that is leading us toward collective collapse: extreme inequality, climate emergency, growing conflicts, cuts in public policy funding, unlimited corporate profit, and the weakening of democracies.

It is not neutral

The main findings of INDICO point precisely in this direction: they show that political incoherence is not neutral and has serious consequences. In other words, defending rights in words but not in actions, or implementing policies that contradict each other, are forms of structural violence that hinder democratic transitions, deepen inequalities, accelerate environmental collapse, and trap countries in debt and dependency. All of this has a severe impact on human rights, environmental protection, democratic quality, and human security.

The report INDICO 2025: Fair Financing for a Future of Hope presents six robust analyses by global civil society, in dialogue with the current context of financing and global governance. These analyses reveal the obstacles to promoting the much-needed coherence and offer proposals to overcome them and ensure the structural transformation that is so urgently needed.

The chapters provide key insights into issues such as the relationship between debt and taxation, feminist climate finance, degrowth, demilitarization, cooperation as a form of reparation, and strengthening democracy and civic space—all grounded in the perspective and data provided by the new edition of INDICO.

Toward a Coherent Future

As stark as it is hopeful, INDICO provides a compass for action. The report offers concrete proposals to transform governance, financing, and development cooperation in order to build a future aligned with the common good, based on just transitions for all.

This edition of INDICO calls for the democratization of global economic and financial decision-making, a redefinition of progress metrics beyond GDP, and placing human rights, ecological limits, and gender equality at the heart of global political frameworks.

In light of the INDICO 2025 findings and the reflections in the various articles, the report presents key recommendations to align policies coherently with the structural transformations needed for a just and sustainable future.

Explore how countries are performing here: https://www.indicedecoherencia.org/
Get a quick view of INDICO and its transitions: https://www.indicedecoherencia.org/indico-en-vista-rapida/
Read the full report (currently available in Spanish, soon in English)

INDICO 2025 Report – Featured Articles:

• Coherent Financing for the Sustainability of Life, by Pablo J. Martínez Osés from Colectivo La Mundial

• Fair Financing to Protect the Planet and Life, by Katie Tobin from WEDO

• Structural Reforms in Taxation and Debt for a Just Transition, by Iolanda Fresnillo and Tove Maria Ryding from Eurodad

• Democratizing Development Cooperation: A Key to Policy Coherence, by Vitalice Meja from Reality of Aid Africa

• Investing in Democracy: A Committed Bet for the Present and the Future, by Inés Pousadela from Civicus

• Recommendations and Proposals

Four diverse platforms have joined forces to promote this tool: La Coordinadora de Organizaciones para el Desarrollo, Forus, Futuro en Común, and REEDES. The work behind the Coherence Index and its contribution to the debate on development financing is an invitation to change our perspective in order to change the world.