The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging as a key part of the Sevilla Agreement outcome document.
“This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development, Dr Rania Al-Mashat. “The Borrowers’ Forum is a real plan, driven by countries, to create a shared voice and strategy in confronting debt challenges.”
Rebeca Grynspan, Secretary-General of UN Trade and Development ( UNCTAD ), said developing nations often face creditors as a united bloc while negotiating alone. “Voice is not just the ability to speak – it’s the power to shape outcomes. Today, 3.4 billion people live in countries that…