The Sevilla Forum on Debt will promote fairer lending, faster restructuring and long-term reform of the post-war financial system.
Hosted by Spain and supported by the United Nations, the forum is designed to keep global attention on the debt crisis while converting firm commitments made at June’s Fourth International Conference on Financing for Development (FFD4) in Seville into concrete action.
Governments, finance ministers and creditors from both developed and developing countries will band together for what the UN Secretary-General calls “a global dialogue on debt” – one that aims to deliver financial justice and ensure that borrowing works for, not against, developing economies.
“Developing countries spend $1.4 trillion on annual…