Sevilla Forum on Debt

Sevilla Forum on Debt, a Spain-led initiative launched at UNCTAD16, focuses on global debt challenges and sustainable financial solutions for developing nations.

Sevilla Forum on Debt
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Sevilla Forum on Debt Latest News

Recently, the Sevilla Forum on Debt was launched at the 16th United Nations Conference on Trade and Development (UNCTAD16) in Geneva. 

About Sevilla Forum on Debt

  • It is a Spain-led initiative launched at the 16th United Nations Conference on Trade and Development (UNCTAD16).
  • It is supported by UNCTAD and the UN Department of Economic and Social Affairs (DESA).
  • Aim: To serve as an open and inclusive space for dialogue and action on sovereign debt reform.
  • The new forum is one of the outcomes of the Fourth International Conference on Financing for Development (FfD4) and was launched as an initiative under the Sevilla Platform for Action. 
  • It brings together all stakeholders, creditors, borrowers, international financial institutions and academia on debt sustainability, management and innovative solutions.

Key Facts about United Nations Conference on Trade and Development

  • It is the UN’s leading institution dealing with trade and development.
  • It is a permanent intergovernmental body established by the United Nations General Assembly in 1964. 
  • Functions: It provides economic and trade analysis, facilitates consensus-building and offers technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.
  • Headquarter: Geneva, Switzerland.
  • Reports published by the UNCTAD
    • Trade and Development Report
    • World Investment Report
    • The Least Developed Countries Report

Source: DTE

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Sevilla Forum on Debt FAQs

Q1. What is the primary objective of the Sevilla Forum on Debt?+

Q2. Which organizations supported the launch of the Sevilla Forum on Debt?+

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