“Tackling unsustainable debt” was rightly included as one of the focus areas for a modernised approach to international development in the 2024 Labour Manifesto.
As the UK government seeks to “shape what development looks like for the next 20 years”, 2025 offers a renewed opportunity to create change in the global debt architecture – particularly given the momentum around key calendar moments such as the UN Fourth Financing for Development Conference, and South Africa hosting the G20. Action on debt should also be considered a key priority in light of the chaotic global geopolitical context with development assistance cuts, economic turmoil and a burgeoning global trade war. The UK is also one of two major legal…
