Borrowers’ Platform Latest News
Recently, developing countries have launched the first-ever Borrowers’ Platform at the International Monetary Fund (IMF)-World Bank Spring Meetings 2026.
About Borrowers’ Platform
- It is a dedicated space enabling developing countries that are borrowers to come together, share knowledge, exchange experiences and speak collectively on debt issues.
- It brings together finance ministers and central bank governors from developing countries to strengthen debt management capacity, enhance coordination and amplify their collective voice in global debt discussions.
- It will be governed by the ministers of finance of participating countries. They will be supported by technical officials responsible for debt.
- It is not a forum for collective debt-restructuring negotiations.
- Members: It has 30 members including India. Its working group is chaired by Egypt.
- Secretariat: It is supported by the United Nations Conference on Trade and Development as its secretariat.
- Significance: As developing countries’ external debt burden reached $11.7 trillion in 2024. So it will help in addressing the debt burden.
Source: DTE
Last updated on April, 2026
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Borrowers’ Platform FAQs
Q1. Which UN body serves as the secretariat for the Borrowers’ Platform?+
Q2. What is the main purpose of the Borrowers’ Platform?+
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