Debt Restructuring

About 3.3 billion people now live in countries where debt interest payments are greater than expenditure on health or education.

UNCTAD and its partners help equip the African nation with the tools and knowledge to better manage its public debt and enhance transparency.

Renewed partnership will help governments in the region produce and publish reliable, comprehensive and timely debt information.

The organization calls for all debt relief and restructuring to be consistent with the achievement of Agenda 2030.

A new UNCTAD project will help the African nation upgrade its debt management system and improve its capacity to record, monitor and report on public finances.

The international debt system needs an overhaul to address unsustainable debt burdens in developing countries.

Solving the challenges facing this diverse group of nations, which are home to three out of four people, is critical to putting the world on a more sustainable and inclusive post-COVID-19 development path.

The coronavirus pandemic hits developing countries at a time when they have already been struggling with unsustainable debt burdens for many years, as well as with rising health needs. UNCTAD calls for $1 trillion in debt relief.

Concerted and urgent multilateral action is needed to release developing countries from current debt traps.

Representatives of non-governmental organizations told UNCTAD that stopping the anti-globalization tide required a new development narrative, and franker conversations about the risks of open borders