Debt burdens growing faster than capacity to manage, shrinking fiscal space for development
ISLAMABAD:
The UN’s Fourth Financing for Development (FfD4) Conference, held in Seville in July 2025, delivered a clear warning that the global financial architecture is struggling to cope with mounting debt distress. That warning got central attention at the IMF and World Bank annual meetings of 2026, which closed in Bangkok last month. Planning Minister Ahsan Iqbal echoed it at the SDPI’s 29th Sustainable Development Conference, highlighting that the global financial…