BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a724ea144722 DTSTART:20251020T143000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20251020T160000Z LOCATION:Geneva\, Switzerland SUMMARY:UNCTAD16 ministerial roundtable: Implementing the Sevilla Commitmen t on financing for development and establishing a borrowers'\; platfor m CLASS:PUBLIC DESCRIPTION:The Sevilla Commitment represents a comprehensive\, agreed high -level agenda for the reform of the global financial architecture and mech anisms to finance sustainable development into the future. As the world de als with increasing challenges\, ranging from economic instability and cli mate change to trade tensions and eroding multilateralism\, the need to im plement this commitment is more pressing than ever.Discussions at the roun d table addressed practical steps for progressing on and implementing the key outcomes related to debt and development finance agreed during the Fou rth International Conference on Financing for Development. The first pane l focused on the role of UNCTAD\, given its expertise in financing for dev elopment research\, intergovernmental consensus-building and technical ass istance\, in implementing the key reforms under the Sevilla Commitment. Th ese reforms are aligned with the proposals of the United Nations Secretary -General’s Expert Group on Debt and the Africa Expert Panel of the Group of 20 established by South Africa\, which holds the Group of 20 Presidenc y to 30 November 2025.The establishment of a platform for borrower countri es is a key agreed outcome under the Sevilla Commitment. Discussions at th e second panel addressed how such a platform can assist borrower countries \, the modalities for establishing such a platform\, criteria for membersh ip and how the challenges faced by similar initiatives in the past may be avoided.Watch the ministerial roundtable on implementing the Sevilla Commi tment on financing for developmentProgrammeOpening remarks: Rebeca Grynspa n\, Secretary-General\, UN Trade and Development (UNCTAD)Panel 1: Implemen ting the key elements of the Sevilla Commitment related to debt and develo pment financeThere are pronounced asymmetries in the international financi al architecture that result in developing countries facing significantly h igher borrowing costs than developed countries\, having less favourable ac cess to the global financial safety net and being unable to access effecti ve debt workout mechanisms when required. The Sevilla Commitment includes agreements on several key reforms to the international debt and finance ar chitecture that aim to address these shortcomings.QuestionsWhich agreed re forms to the global financial architecture included in the Sevilla Commitm ent are critical in addressing development finance challenges facing devel oping countries?What support and facilitation can UNCTAD provide towards t he implementation of such outcomes?How can developing countries cooperate to enable better responses to debt and finance challenges?What can develop ing countries do to ensure the best financing for development outcomes?Spe akersElmer José Germán Gonzalo Schialer Salcedo\, Minister of Foreign Af fairs\, PeruInés Carpio San Román\, General Director of International Fi nance\, Ministry of the Economy\, Trade and Business\, SpainDaniel Pacho\, Under Secretary for the Multilateral Sector\, Holy SeePanel 2: Establishi ng a borrowers’ platformThe absence of a dedicated platform for borrower cooperation that elevates the collective voice of debtor countries\, safe guards their interests and provides a repository of knowledge has long bee n recognized as a gap in the existing international debt and finance archi tecture. The Sevilla Commitment states that a platform for borrower countr ies will be established with support from existing institutions\, and a Un ited Nations entity serving as its secretariat.QuestionsHow can a borrower s’ platform contribute to more sustainable debt and development finance? What are the key challenges in establishing a borrowers’ platform and ho w can they be effectively addressed?What kind of support should the United Nations provide for a borrowers’ platform?What is the role of creditor countries and institutions in supporting the establishment and institution al continuity of a borrowers’ platform?What is required to move the init iative forward?SpeakersAhmed Kouchouk\, Minister of Finance\, EgyptPaolo G entiloni\, Co-Chair of the Group of Experts to Promote Policy Solutions fo r Resolving the Debt Crisis\, United NationsCarlos Correa\, Executive Dire ctor\, South CentreModerator: Penelope Hawkins\, Officer in Charge\, Debt and Development Branch\, UN Trade and Development (UNCTAD)Format: Davos-st yle<\;p>\;The Sevilla Commitment represents a comprehensive\, agreed h igh-level agenda for the reform of the global financial architecture and m echanisms to finance sustainable development into the future. As the world deals with increasing challenges\, ranging from economic instability and climate change to trade tensions and eroding multilateralism\, the need to implement this commitment is more pressing than ever.<\;/p>\;<\;p&g t\;Discussions at the round table addressed practical steps for progressin g on and implementing the key outcomes related to debt and development fin ance agreed during the Fourth International Conference on Financing for De velopment.&\;nbsp\;<\;/p>\;<\;p>\;The first panel focused on th e role of UNCTAD\, given its expertise in financing for development resear ch\, intergovernmental consensus-building and technical assistance\, in im plementing the key reforms under the Sevilla Commitment. These reforms are aligned with the proposals of the United Nations Secretary-General’s Ex pert Group on Debt and the Africa Expert Panel of the Group of 20 establis hed by South Africa\, which holds the Group of 20 Presidency to 30 Novembe r 2025.<\;/p>\;<\;p>\;The establishment of a platform for borrower countries is a key agreed outcome under the Sevilla Commitment. Discussio ns at the second panel addressed how such a platform can assist borrower c ountries\, the modalities for establishing such a platform\, criteria for membership and how the challenges faced by similar initiatives in the past may be avoided.<\;/p>\;<\;h3>\;Watch the ministerial roundtable o n implementing the Sevilla Commitment on financing for development<\;/h3 >\;<\;div class="\;ratio ratio-16x9 mb-3\n\nView meeting on unctad .org\nhttps://unctad.org/node/49484 DTSTAMP:20260804T204209Z END:VEVENT END:VCALENDAR