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News: The Sevilla Forum on Debt was launched at the 16th United Nations Conference on Trade and Development (UNCTAD16) in Geneva.
About Sevilla Forum on Debt
- It is a new global platform to address the escalating crisis of sovereign debt faced especially by developing countries.
- Launched on: The Sevilla Forum on Debt was launched on October 22, 2025, during the 16th United Nations Conference on Trade and Development (UNCTAD16) held in Geneva.
- It is one of the first concrete outcomes of the Fourth International Conference on Financing for Development (FfD4).
- Supported by: It is a Spanish-led initiative, supported by both the United Nations Conference on Trade and Development (UNCTAD) and the UN Department of Economic and Social Affairs (DESA).
- Aim: To promote responsible borrowing and lending practices and drive reform of the global debt architecture, which has long been overdue.
- Objective: It seeks to maintain political momentum on debt reform and promote tangible progress toward a more equitable global financial system by bringing together governments, creditors, and international financial institutions.
- Functions: The Forum is designed to function as an open and inclusive space for dialogue and coordinated action on sovereign debt reform.
- The Forum is a key component of the Sevilla Platform for Action and complements the Sevilla Commitment, the principal outcome document adopted at FfD4.
- The Forum will also monitor and support the implementation of the debt-related initiatives transforming political commitments into institutional frameworks for fairer, more predictable debt governance.
- The Forum also provides a comprehensive platform for dialogue among borrowers, lenders, academics, civil society, and experts, enabling them to exchange knowledge, collaborate, and develop innovative solutions to global debt challenges.
