US EditionAfrica: Drowning in Debt - New Forum in Sevilla Offers Borrowers Chance to Rebalance the Books
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5 Articles
Africa: Drowning in Debt - New Forum in Sevilla Offers Borrowers Chance to Rebalance the Books
A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN's pivotal sustainable development conference in Sevilla.
Global Alliance Launches Debt Pause Clauses for Crisis Resilience
Spain and a coalition of countries and multilateral development banks have launched the Debt Pause Clause Alliance, an initiative aimed at enhancing crisis resilience in borrowing nations. The alliance, unveiled at the IV International Conference on Financing for Development in Seville, promotes the inclusion of debt pause clauses in financial instruments. These clauses allow for the temporary… Source
Inés María Chapman, Vice Prime Minister of Cuba, called today in Seville, Spain, for a real reform of the international financial architecture, which would allow mobilizing the necessary financing to combat the climate crisis and achieve sustainable development, particularly for the countries of the South.
Debt is a major concern for Least Developed Countries: DrKarki
Kathmandu – Global Coordinator of LDC Watch, a global civil society network, Dr Arjun Karki has said debt is a majorconcern for Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), Small Island Developing States (SIDS), and other developing countries. Addressing on the theme Challenges faced by LDCs, LLDCs, SIDS and other developing countries and the tax justice agenda during the sideline event at the International Confere…
The Mutuary Forum is being welcomed as a framework in efforts to reform the architecture of international debt, supported by the United Nations and emerging as a fundamental part of the final document of the Agreement or Seville Commitment. Egypt's Minister for Planning and Economic Development, Rania Al-Mashat, says that “This is not just a conversation, but [...]
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