TNPSC Thervupettagam

New Sevilla Forum on Debt

October 29 , 2025 15 hrs 0 min 11 0
  • The New Sevilla Forum on Debt is a Spanish-led multilateral platform supported by the United Nations Conference on Trade and Development (UNCTAD) and the United Nations Department of Economic and Social Affairs (UN DESA).
  • It was launched at the 16th UNCTAD Conference in Geneva as part of the Sevilla Platform for Action.
  • The forum promotes fair, transparent, and sustainable solutions to sovereign debt crises.
  • It involves governments, creditors, civil society, and experts to strengthen responsible borrowing and lending practices.
  • The forum provides technical support for predictable debt management and tracks the implementation of debt initiatives agreed in Sevilla.
  • It enhances North–South cooperation and fosters systemic reforms for fairer debt governance in developing economies.

 

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