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Sevilla Forum on Debt

Sevilla Forum on Debt:

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

  • 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 is 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.

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.
  • 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