BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a8ca7f9ad54b DTSTART:20260811T113000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20260811T130000Z LOCATION:Online\, Ethiopia SUMMARY:Webinar on financing development: external flows of financial capit al to developing countries and their cost CLASS:PUBLIC DESCRIPTION:UNCTAD’s Technical and Statistical report on Financing develo pment finds that developing countries continue to face a severe financing gap despite receiving nearly $1.5 trillion in external financial flows in 2024\, split almost evenly between equity and debt. Combined domestic and external financing still falls $4.3 trillion short of the annual investmen t needed to achieve the Sustainable Development Goals (SDGs). External fi nance now plays a much smaller role in funding capital formation in develo ping countries than in developed economies and has become increasingly vol atile\, particularly portfolio and other debt-driven flows. At the same ti me\, a large share of new inflows quickly returns to investors through int erest\, profit and royalty payments\, reflecting the high risk premium fac ed by developing countries.The report highlights the growing cost of exter nal borrowing as a major constraint on development. Between 2014 and 2024\ , external debt servicing costs rose almost three times faster than equity costs\, while government interest payments more than doubled\, outpacing revenue growth and shrinking fiscal space in nearly three-quarters of deve loping countries. UNCTAD estimates that if 94 developing countries could borrow at the same rates as developed economies\, they would save around $ 500 billion annually—resources that could be redirected to schools\, inf rastructure and clean energy. The report concludes that reducing borrowin g costs and volatility will require both domestic reforms and stronger mul tilateral action to improve access to affordable\, stable external finance .ObjectiveThe objective of the event is to bring together policymakers\, d ebt managers\, international financial institutions and other stakeholders to discuss the report'\;s key findings on external financial flows to developing countries - particularly those in Africa - and to explore nati onal and multilateral policy options for lowering the cost of external deb t\, expanding access to affordable long-term finance\, and closing the SDG financing gap.Target participantsThe event will bring together representa tives of ministries of finance\, central banks\, capital market authoritie s\, multilateral and regional development banks\, credit rating agencies\, private and institutional investors\, academia and civil society\, and ot her stakeholders with an interest in development finance and sovereign deb t.<\;p>\;UNCTAD’s Technical and Statistical report on Financing deve lopment finds that developing countries continue to face a severe financin g gap despite receiving nearly $1.5 trillion in external financial flows i n 2024\, split almost evenly between equity and debt. Combined domestic an d external financing still falls $4.3 trillion short of the annual investm ent needed to achieve the Sustainable Development Goals (SDGs).&\;nbsp\ ;<\;/p>\;<\;p>\;External finance now plays a much smaller role in funding capital formation in developing countries than in developed econom ies and has become increasingly volatile\, particularly portfolio and othe r debt-driven flows. At the same time\, a large share of new inflows quick ly returns to investors through interest\, profit and royalty payments\, r eflecting the high risk premium faced by developing countries.<\;/p>\; <\;p>\;The report highlights the growing cost of external borrowing as a major constraint on development. Between 2014 and 2024\, external debt servicing costs rose almost three times faster than equity costs\, while g overnment interest payments more than doubled\, outpacing revenue growth a nd shrinking fiscal space in nearly three-quarters of developing countries .&\;nbsp\;<\;/p>\;<\;p>\;UNCTAD estimates that if 94 developing countries could borrow at the same rates as developed economies\, they wo uld save around $500 billion annually—resources that could be redirected to schools\, infrastructure and clean energy.&\;nbsp\;<\;/p>\;<\ ;p>\;The report concludes that reducing borrowing costs and volatility w ill require both domestic reforms and stronger multilateral action to impr ove access to affordable\, stable external finance.<\;/p>\;<\;h4>\ ;Objective<\;/h4>\;<\;p>\;The objective of the event is to bring t ogether policymakers\, debt managers\, international financial institution s and other stakeholders to discuss the report'\;s key findings on ext ernal financial flows to developing countries - particularly those in Afri ca - and to explore national and multilateral policy options for lowering the cost of external debt\, expanding access to affordable long-term finan ce\, and closing the SDG financing gap.<\;/p>\;<\;h4>\;Target part icipants<\;/h4>\;<\;p>\;The event will bring together representati ves of ministries of finance\, central banks\, capital market authorities\ , multilateral and regional development banks\, credit rating agencies\, p rivate and institutional investors\, academia and civil society\, and othe r stakeholders with an interest in development finance and sovereign debt. <\;/p>\;\n\nView meeting on unctad.org\nhttps://unctad.org/meeting/web inar-financing-development-external-flows-financial-capital-developing-cou ntries-and DTSTAMP:20260824T202217Z END:VEVENT END:VCALENDAR