2 July 2025 - A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the Ä¢¹½ÊÓƵ¡¯s pivotal sustainable development conference in Sevilla.
The is being hailed as a milestone in efforts to reform the international debt architecture, supported by the Ä¢¹½ÊÓƵ and emerging as a key part of the outcome document.
¡°This is not just talk - this is execution,¡± said Egypt¡¯s Minister of Planning and Economic Development, Dr Rania Al-Mashat. ¡°The Borrowers¡¯ Forum is a real plan, driven by countries, to create a shared voice and strategy in confronting debt challenges.¡±
Rebeca Grynspan, Secretary-General of Ä¢¹½ÊÓƵ Trade and Development (), said developing nations often face creditors as a united bloc while negotiating alone. ¡°Voice is not just the ability to speak ¡ª it¡¯s the power to shape outcomes. Today, 3.4 billion people live in countries that pay more in debt service than they do on health or education.¡±
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