Debt has always been associated with development and structural transformation. In the era of hyper-globalization, however, while debt has become a dominant driver of global growth it has failed to deliver a strong surge in productive investment, instead fuelling financial speculation.
In this environment, developing countries have seen debt transformed from a long-term financing instrument to help unleash their future growth potential into a high-risk financial asset subject to the vagaries of international financial markets and proliferating short-term creditor interests.
We provide timely analysis of the most important developments and emerging issues in international debt and adapt our technical assistance to the changing needs of developing countries.
United Nations Secretary-General´s report to the General Assembly on external debt
