2025 year of sustainable, inclusive debt action
Public debt is rising faster than ever. In 32 Commonwealth countries, debt exceeds 60 per cent of national income, meaning a significant share of the economy is tied to liabilities and debt service costs are sizable. Meanwhile, climate change is driving up borrowing costs. Inevitably, people bear the brunt through cuts to education, healthcare, social protection and climate change measures.
Against this backdrop, the observance seeks to spotlight the root causes of the debt challenges amid growing global tensions. It aims to drive discussions – and decisions – on what must change to help countries escape debt traps:
- Fairer access to financing
- Deepening and…