Debt and development finance
Public debt can be a powerful tool for development, allowing governments to invest in their people and economies. But when debt grows too large or becomes too costly, it turns into a heavy burden.
This is especially for developing countries, whose public debt has grown twice as fast as that of advanced economies since 2010. They have also been borrowing at higher average rates than many advanced economies, making it harder to invest in schools, hospitals, infrastructure and other sectors critical for sustainable development.
Developing countries must not be forced to choose between servicing their debt or serving their people. There’s a pressing need to reform the international financial architecture to end the debt trap and unlock long-term investment and finance. We support countries in managing their public debt effectively.
Debt and development finance
Public debt can be a powerful tool for development, allowing governments to invest in their people and economies. But when debt grows too large or becomes too costly, it turns into a heavy burden.
This is especially for developing countries, whose public debt has grown twice as fast as that of advanced economies since 2010. They have also been borrowing at higher average rates than many advanced economies, making it harder to invest in schools, hospitals, infrastructure and other sectors critical for sustainable development.
Developing countries must not be forced to choose between servicing their debt or serving their people. There’s a pressing need to reform the international financial architecture to end the debt trap and unlock long-term investment and finance. We support countries in managing their public debt effectively.
What comes next: A push for development-centric finance
Turning ambition into action will require systemic reform of trade, investment and finance to meet today’s development challenges.
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Areas of work
- Debt and Debt Sustainability
- Responsible Sovereign Lending and Borrowing
- Sovereign Debt Restructuring
- Debt Management and Financial Analysis System
Projects
- Climate Finance for Development
- Financing green and sustainable development in small island developing States
- Mobilising financial resources for development in the time of Covid-19
Programmes
Secretary-General Statements
3 July 2025
4th International Conference on Financing for Development: Realizing a Borrowers' Forum - press conference
2 July 2025
4th International Conference on Financing for Development: 5th Plenary Meeting
1 July 2025
4th International Conference on Financing for Development special event: Investing in global solidarity
29 April 2025
Hidden assets: From illicit finance to development gains
17 March 2025
International Debt Management Conference, 14th session
Meetings

1 – 3 December 2025
Intergovernmental Group of Experts on Financing for Development, 9th session
Geneva, Switzerland28 July – 1 August 2025
Study tour to Zambia for the Ethiopian Ministry of Finance: G20 Common framework debt restructuring and related aspects
Lusaka, Zambia2 July 2025
FFD4 press briefing: Realizing a Borrowers’ Forum
Seville, Spain30 June – 3 July 2025
UN Trade and Development at the 4th International Conference on Financing for Development (FFD4)
Sevilla, Spain26 – 27 May 2025
Regional dialogues on external financing and climate-resilient development
Addis Ababa, Ethiopia20 – 21 March 2025
Debt Management and Financial Analysis System (DMFAS) Programme Advisory Group, 14th meeting
Geneva, SwitzerlandDocuments
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