{"id":361060,"date":"2026-04-18T17:04:14","date_gmt":"2026-04-18T11:34:14","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=361060"},"modified":"2026-04-18T17:04:14","modified_gmt":"2026-04-18T11:34:14","slug":"borrowers-platform","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/borrowers-platform\/","title":{"rendered":"Borrowers\u2019 Platform"},"content":{"rendered":"<p><strong>News<\/strong>: Developing countries launched the first-ever Borrowers\u2019 Platform at IMF-World Bank Spring Meetings 2026 to address rising debt pressures collectively.<\/p>\n<h2>About Borrowers\u2019 Platform<\/h2>\n<figure id=\"attachment_361073\" aria-describedby=\"caption-attachment-361073\" style=\"width: 243px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-361073\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-UNCTAD.jpg?resize=243%2C300&#038;ssl=1\" alt=\"Borrowers\u2019 Platform\" width=\"243\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-UNCTAD.jpg?resize=243%2C300&amp;ssl=1 243w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-UNCTAD.jpg?w=704&amp;ssl=1 704w\" sizes=\"auto, (max-width: 243px) 100vw, 243px\" \/><figcaption id=\"caption-attachment-361073\" class=\"wp-caption-text\">Source &#8211; UNCTAD<\/figcaption><\/figure>\n<ul>\n<li>It is a dedicated <strong>forum for developing countries to coordinate and address sovereign debt challenges.<\/strong><\/li>\n<li><strong>Launched<\/strong>: It was launched <strong>during the IMF-World Bank Spring Meetings 2026 by developing countries.<\/strong><\/li>\n<li><strong>Origin<\/strong>: The platform was <strong>first <\/strong>outlined in the<strong> Sevilla Commitment<\/strong> <strong>adopted at the Fourth International Conference on Financing for Development in July 2025<\/strong>, creating a permanent space for collaboration.<\/li>\n<li><strong>Supported by:<\/strong> It is supported by the United Nations Conference on Trade and Development<strong> (UNCTAD)<\/strong>\u00a0which <strong>serves as its secretariat.<\/strong><\/li>\n<li><strong>Aim<\/strong>: It <strong>aims<\/strong> to strengthen <strong>coordination<\/strong> and create a <strong>collective voice on sovereign debt<\/strong> <strong>issues<\/strong> among developing countries.<\/li>\n<li><strong>Representatives:<\/strong> The platform includes <strong>representatives from 30 countries,<\/strong> including Prime Ministers, ministers, and central bank governors, with a working group.<\/li>\n<li><strong>Leadership<\/strong>: It is guided by a working group <strong>chaired by Egypt, with Pakistan as Vice-Chair.<\/strong> Other key <strong>members include India, South Africa, Colombia, Nepal, and Zambia.<\/strong><\/li>\n<li><strong>Key features:<\/strong>\n<ul>\n<li><strong>Knowledge sharing and coordination:<\/strong> The platform provides a space where countries can exchange experiences, learn from each other, and improve coordination on debt-related issues.<\/li>\n<li><strong>Technical cooperation and capacity building:<\/strong> It supports strengthening debt management capacity through technical assistance, including <strong>UNCTAD\u2019s\u00a0 Debt Management and Financial Analysis System(DMFAS) programme.<\/strong><\/li>\n<li><strong>Collective voice in global finance:<\/strong> It enables developing countries to articulate a unified position in global debt discussions, addressing the imbalance created by creditor-led mechanisms like the <strong>Paris Club<\/strong>.<\/li>\n<li><strong>Non-crisis cooperative platform:<\/strong> It is <strong>not a debt restructuring or crisis coordination mechanism<\/strong> but focuses on practical solutions, peer learning, and improving transparency in debt management.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Significance:<\/strong> The platform responds to <strong>high external debt of $11.7 trillion<\/strong>, annual debt service costs of nearly $920 billion, and the fact that 54 countries spend more on debt than on health or education.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: Developing countries launched the first-ever Borrowers\u2019 Platform at IMF-World Bank Spring Meetings 2026 to address rising debt pressures collectively. About Borrowers\u2019 Platform It is a dedicated forum for developing countries to coordinate and address sovereign debt challenges. Launched: It was launched during the IMF-World Bank Spring Meetings 2026 by developing countries. Origin: The platform&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/borrowers-platform\/\">Continue reading <span class=\"screen-reader-text\">Borrowers\u2019 Platform<\/span><\/a><\/p>\n","protected":false},"author":10401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,1236,12039],"tags":[11872],"class_list":["post-361060","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-international-organisations","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/361060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10401"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=361060"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/361060\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=361060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=361060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=361060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}