United Nations General Assembly
We prepare the UN Secretary-General´s annual report on external debt and sustainability to the General Assembly. Our support to the intergovernmental processes resulting the General Assembly’s resolutions on sovereign debt restructuring, are also listed below.
UNCTAD Intergovernmental Group of Experts on Financing for Development
The aim of UNCTAD’s Intergovernmental Group of Experts on Financing for Development (IGE FfD) is to provide an expert forum for discussion and deliberations on the issues, concerns and challenges raised in the Addis Ababa Action Agenda (AAAA).
UNCTAD’s Debt and Development Finance branch contributes to the G-20 International Financial Architecture Working Group (IFA WG), which focusses on fostering a more stable and resilient international financial architecture.
- The G20 International Financial Architecture Working Group
In particular, the IFA WG started last year to follow up on the recommendations delivered by the G20 Eminent Persons Group on Global Financial Governance (EPG), which was established in April 2017, and delivered its final recommendations on development finance and global financial resilience to G20 Finance Ministers and Central Bank Governors (FMCBG) during the 2018 IMF/WBG Annual Meetings. Pursuing the follow up on the EPG’s recommendations in line with the G20 Leaders’ Statement (Osaka, June 9, 2019), the IFA WG will concentrate in 2020 its work on four items: (i) developing domestic capital markets; (ii) better managing the risks stemming from excessive capital flow volatility; (iii) pursuing the work on enhancing cooperation among all development partners; (iv) enhancing debt transparency and sustainability, and financing for development in low income developing countries.
G20 IFA WG – in which the overarching goal of sovereign debt transparency to promote sustainable and accountable lending and borrowing was emphasised.