UN SDG Action Campaign

UN Special Envoy on Financing the 2030 Sustainable Development Agenda, Mr. Mahmoud Mohieldin highlighted the lack of political will to drive systemic change in the global financial architecture as a key issue at UN Trade and Development (UNCTAD)'s 14th International Debt Management Conference. Follow the conversation: https://ow.ly/mfMn50VjesE

Debt pressures continue to mount, forcing many countries to make difficult choices: allocate resources to debt repayment or invest in people, infrastructure, and sustainable development? With financing gaps threatening progress on the #GlobalGoals, finding effective solutions for sovereign debt management is more urgent than ever. At the 14th Debt Management Conference, global leaders are assessing key international initiatives — G20, the Pact for the Future, and the Fourth International Conference on Financing for Development — to identify sustainable pathways forward. “No government should have to choose between paying its debt and protecting human lives,” says Christian David Duarte Chavez, Secretary of State of the Office of Finance, Honduras. He calls for fairer financial systems, global tax reforms, and debt justice, as the Global South bears the cost of crises it did not cause. Thirong Pen, Secretary of State of the Ministry of Economy and Finance of Cambodia, advocates for fairer, more flexible financing for developing nations as Cambodia moves toward net-zero emissions by 2050 and LDC (least developed country) graduation by 2029. Cambodia’s post-pandemic recovery is a success story — but financing climate action and sustainable growth remains a challenge. Rindra Hasimbelo Rabarinirinarison, Minister of Economy and Finance of Madagascar, highlights the country’s dual challenge: being one of the most climate-vulnerable nations in the world while contributing the least to global emissions. “Debt should be a lever for growth, not a constraint on the future,” she emphasizes. xolisa mabhongo, South Africa’s G20 representative, underscores that half of Africa’s population lives in countries that spend more on debt payments than on social development. This imbalance is undermining efforts to achieve sustainable development and economic resilience. “Debt and development must go hand in hand — but for many countries, debt servicing is taking priority over progress,” he adds. Follow ▶️ https://ow.ly/HF2U50Vgtgm Photos ▶️ https://ow.ly/qTvN50ViXzF

“Debt management is about time – drawing resources from future selves to meet urgencies for today.” – Rebeca Grynspan, Secretary-General, UN Trade and Development (UNCTAD) At the 14th International Debt Management Conference, global leaders discuss why responsible debt management matters now more than ever. Follow the conversation. ▶️ https://ow.ly/HF2U50Vgtgm

The UN Trade and Development (UNCTAD)'s 14th International Debt Management Conference starts today, bringing global experts together to explore solutions for sustainable #debt management & resilient economies. With #FFD4 ahead, this is a key moment to shape the financing for development agenda. Learn More: https://lnkd.in/eyifZYx3

Public debt isn’t the problem. The cost of debt is. Developing countries are paying more in interest than they can afford, forcing them to choose between repaying creditors or investing in their people. Today, 3.3 billion people live in countries that spend more on debt servicing than on health or education. From 17 to 19 March, the 14th UN Trade and Development (UNCTAD) International Debt Management Conference will bring together global experts to address the mounting debt crisis and explore solutions for resilience and sustainable financing. That same week, on 21-22 March, policymakers and partners will assess UNCTAD’s DMFAS software — designed to support countries in managing their public debt — to shape its future direction. With the 4th International Conference on Financing for Development (FfD4) approaching, these conversations are more urgent than ever. Join us: ▶️ International Debt Management Conference: https://ow.ly/HF2U50Vgtgm ▶️ DMFAS Programme Advisory Group: https://ow.ly/8a4P50Vgtgu

Today, 3.3 billion people live in countries that spend more on debt interest than on education, healthcare, or climate investments.   Developing countries shouldn't have to choose between paying off debt and serving their people.   From 17 to 19 March, the 14th UN Trade and Development (UNCTAD) International Debt Management Conference will bring together global experts to address the mounting debt crisis and explore solutions for resilience and sustainable financing.   That same week, on 21-22 March, policymakers and partners will assess UNCTAD’s DMFAS software — designed to support countries in managing their public debt — to shape its future direction.   With the 4th International Conference on Financing for Development #FfD4 approaching, these conversations are more urgent than ever. Join us:   ▶️ International Debt Management Conference: https://ow.ly/HF2U50Vgtgm   ▶️ DMFAS Programme Advisory Group: https://ow.ly/8a4P50Vgtgu

The first draft of the Outcome document of the Fourth International Conference on Financing for Development (#FFD4) is now available. Read now on United Nations Department of Economic and Social Affairs: https://lnkd.in/e9kGZdwq

Is government borrowing—also known as #debt—bad? How is it linked to #tax and #HumanRights? Listen to Attiya Waris, United Nations Independent Expert on foreign debt, human rights, and other international financial obligations. The United Nations Human Rights Council (UNHRC) United Nations Human Rights

Last year, lower income countries paid US$ 138 billion just to service their debts, sacrificing health, education, people’s rights and sustainable national development to satisfy their wealthy creditors. The time has come to ask who really owes who? Read more on ActionAid: https://lnkd.in/d3R_phfR

The #debt crisis that many developing countries are facing reaches new heights not seen in more than 2 decades! We need an immediate fiscal lifeline for developing countries and urgent overhaul of the borrowing system. UNDP Lars Jensen