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Debt and development finance

Public debt can be a powerful tool for development, allowing governments to invest in their people and economies. But when debt grows too large or becomes too costly, it turns into a heavy burden.

This is especially for developing countries, whose public debt has grown twice as fast as that of advanced economies since 2010. They have also been borrowing at higher average rates than many advanced economies, making it harder to invest in schools, hospitals, infrastructure and other sectors critical for sustainable development.

Developing countries must not be forced to choose between servicing their debt or serving their people. There’s a pressing need to reform the international financial architecture to end the debt trap and unlock long-term investment and finance. We support countries in managing their public debt effectively.

Reforming global finance for climate-resilient development

Fixing the foundations of the global financial system is essential to overcome years of under-delivery, debt dependence and eroding trust.

Videos and podcasts

An intense week at UN General Assembly

At FFD4, UNCTAD called for bold reforms to put sustainable development first

Debt at the cost of development: A call for systemic reform and fair solutions

The global debt crisis is speeding up, not slowing down – UNCTAD chief Rebeca Grynspan

UN report: Unlocking Africa’s trade potential

From 2024 into 2025: Charting a new development course

Dollars and change: Sony Kapoor on funding our greener future

Bretton Woods at 80: Why the global financial system needs big changes to boost sustainable development

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