Our position paper on the first draft of the FfD4 outcome document critiques its limited ambition in tackling systemic inequality and promoting human rights-based development. It calls for stronger commitments to public services, highlighting the failures of privatisation and the need for robust public investment, especially in education, healthcare and care systems. On debt, our paper underscores the Global South’s burden and urges reforms that centre human rights and reject market-driven solutions. It also criticises the weakening of climate finance language and demands enforceable commitments grounded in justice, equity and historical responsibility. Our paper also advocates for progressive tax reforms, fairer international tax rules and robust safeguards against corporate capture, stressing the need for binding obligations on private actors and investor accountability in trade and investment frameworks.