The 14th International Debt Management Conference renewed urgent calls for global financial system reforms to ensure debt supports development rather than undermining it.
As debt challenges grow in complexity and scale, existing multilateral tools have struggled to keep pace.
Addressing the 14th International Debt Management Conference held in Geneva between 17 and 19 March, UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan urged reforms to prevent the current debt crisis from derailing progress.
“Behind us lies a system that needs reform; before us, the chance to build one that serves people and stability, long-term development, not recurring default,” Ms Grynspan said in…
