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.
L'avenir : Une impulsion en faveur d'un financement centré sur le développement
Transformer l'ambition en action nécessitera une réforme systémique du commerce, de l'investissement et du financement afin de relever les défis actuels en matière de développement.
More news
Latest publications
Featured series
Videos and podcasts
Related
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
Meetings
Documents
Contact
For further information on this topic, please contact us.