Towards a more equitable international financial architecture system
The Borrowers’ Platform is a dedicated space for developing countries to share knowledge, exchange experiences, and speak collectively and with authority on debt challenges of borrowers.
While creditor-led forums have proliferated in response to the growing complexity of the global debt landscape, an institutionalized, borrower-led space has been missing. This gap in the global financial architecture constrains the ability of borrower countries to address systemic and evolving debt vulnerabilities effectively – until now.
“I believe the creation of the Borrowers Platform is an essential instrument in order for a change in power relations to be possible in the future, and that changing power relations is essential to have a fair international financial architecture.”António Guterres
UN Secretary-General
How to join
The platform is open to all net-borrower developing countries. Over 120 countries are eligible.
Countries that wish to confirm their eligibility are encouraged to contact UNCTAD: [email protected]
Steps to join
- Submit a Letter of Intent to the Secretariat (template available on request)
- Membership is voluntary and non-binding
- No mandatory membership fees at this stage; financial contributions are entirely voluntary
Eligibility criteria
- Developing country
- UN Member State
- Net borrower
- Not a permanent or full member of a creditor association or grouping