The forum, supported by UNCTAD and UN DESA, marks a breakthrough in efforts to help developing countries tackle debt challenges.
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The Sevilla Forum on Debt, led by Spain, will be a new dialogue hub on debt, bringing together all stakeholders, creditors, borrowers, international financial institutions and academia on debt sustainability, management and innovative solutions.
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Global public debt reached $102 trillion in 2024, with developing countries owing $31 trillion and paying $921 billion in interest.
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The United Nations, through UN Trade and Development (UNCTAD) and the United Nations Department of Economic and Social Affairs (UN DESA), will provide expertise and support to the initiative.
UN…