Seville Forum on Debt: A New Hope for Emerging Economies

The Seville Forum on Debt, supported by the U.N., aims to address pressing debt issues in emerging economies by facilitating dialogues among creditors, borrowers, and financial institutions. Launched in Geneva, the forum seeks solutions for sustainable debt management amid rising global public debt and its impact on essential investments.

A new U.N.-backed initiative, the Seville Forum on Debt, was launched in Geneva, focusing on alleviating debt pressures that sap resources from crucial investments in emerging economies.

Spearheaded by Spain during the UNCTAD conference, the forum seeks to bring together critical players including creditors, borrowers, and academics to devise actionable solutions for debt management and sustainability.

With global public debt reaching unprecedented levels, the forum underscores the need for urgent systemic change, as many nations prioritize debt servicing over essential services like health and education.

(With inputs from agencies.)