| When: | Wednesday, 2 July 2025, 12:20 p.m. - 12:50 p.m. |
| Where: | FIBES pavilion 3 or follow online |
| Speakers: |
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A silent crisis is forcing developing countries to choose debt repayments over development, with 3.4 billion people living in nations that spend more on servicing debt than on health or education.
At the Fourth International Conference on Financing for Development (FfD4), UNCTAD and partners will spotlight solutions and the urgent political will needed to act. The event will highlight a major commitment under the “Compromiso de Sevilla”: the establishment of a Borrowers’ Forum, supported by the UN as secretariat. This is also a key proposal from the UN Secretary-General’s Expert Group on Debt.
This briefing will emphasize the UN’s firm commitment to support the member-state initiative and outline how the forum will be structured to deliver on its promise of fairer global financial rules and enhanced representation for borrower countries.
- Explore UNCTAD’s World of Debt report and connect in Seville with Amalia Navarro, UNCTAD Chief of communications - +4176 283 17 63 - navarro@unctad.org
UN Trade and Development (UNCTAD) is the UN’s leading body on trade, finance, investment, digital economy and development. It supports developing countries to access the benefits of a global economy more fairly and effectively, through research, policy advice, and technical assistance. Every four years, UNCTAD convenes the UN’s global Conference on Trade and Development - the leading forum for shaping global trade and development agendas. The next Conference will take place in Geneva in October 2025.
Note to editors: Spokespersons are available for interviews in EN, SP and FR. Additional background information and quotes can be provided upon request.