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.

SG Grynspan speaks at FfD4 in Sevilla, Spain.

El futuro: Un impulso a la financiación centrada en el Desarrollo

Convertir la ambición en acción exigirá una reforma sistémica del comercio, la inversión y las finanzas para hacer frente a los retos actuales del desarrollo.

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