debt Archives - Career Meaning

New forum builds on Sevilla pledges to tackle global debt crisis

·October 22, 2025·2 min read

The Sevilla Forum on Debt will promote fairer lending, faster restructuring and long-term reform of the post-war financial system. Hosted by Spain and supported by the United Nations, the forum is designed to keep global attention on the debt crisis while converting firm commitments made at June’s Fourth International Conference...

$31 trillion debt is holding back developing countries, UN trade summit hears

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·October 20, 2025·2 min read

Addressing the UN Trade and Development (UNCTAD)’s 195 Member States in Geneva, Rebeca Grynspan said that 72 per cent of global trade “still moves under WTO rules” – a reference to the World Trade Organization, whose agreements are negotiated and signed by trading nations. “We have for now avoided the...

Drowning in debt: New forum in Sevilla offers borrowers chance to rebalance the books

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·July 3, 2025·4 min read

The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging as a key part of the Sevilla Commitment outcome document. “This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development,...

New UN report charts path out of debt crisis threatening global development

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·June 30, 2025·1 min read

On Friday, Deputy Secretary-General Amina Mohammed launched a new report, Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing. She was joined by experts Mahmoud Mohieldin and Paolo Gentiloni, along with Rebeca Grynspan, Head of the UN Conference on Trade and Development (UNCTAD). A growing crisis “Borrowing is critical...

Haiti’s independence debt to France focus of debate at UN

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·April 19, 2025·3 min read

The first country ever to free itself from slavery through a successful uprising, Haiti gained independence from France in 1804. But the price for defying the colonial order was steep. On April 17, 1825, besieged by French warships, Haiti agreed to pay an indemnity of 150 million gold francs to...

World News in Brief: US strikes on Yemen, Gaza aid update, debt burden weighs on developing world

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·March 18, 2025·4 min read

In a statement released to correspondents in New York, the UN denounced the Houthis’ targeting of merchant and commercial vessels in the key waterway which includes the Suez Canal and reported attacks against military vessels. The UN is concerned about the continued threats by the Houthis to resume their attacks targeting...

UNAIDS: Rising debt in sub-Saharan Africa costing lives

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·September 19, 2024·2 min read

The report details how this debt crisis is jeopardising progress aimed at ending AIDS in Sub-Saharan African countries, which account for a significant majority of people living with HIV globally – 25.9 million people of the nearly 40 million total. If debt payments and stifled budgets are unaddressed in the...

Debt crisis in developing countries weighing down SDG push, Rwanda’s Kagame warns

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·September 21, 2023·1 min read

The SDG summit held in New York earlier this week highlighted the disappointing progress made toward achieving the UN’s 17 SDG goals by 2030, said Mr. Kagame. He commended the Secretary-General’s focus on the issue and emphasized that slow progress toward achieving SDGs would exacerbate economic disparities between countries. “This year’s...

‘Crushing’ debt crisis spells development disaster for billions: UN chief

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·July 13, 2023·1 min read

According to a new report by the UN Global Crisis Response Group, entitled A World of Debt, a total of 52 countries – almost 40 per cent of the developing world – are in “serious debt trouble”, Mr. Guterres said, backing calls for them to receive urgent fiscal relief. Last year global...

At Caribbean Summit, UN chief calls for climate action, debt relief, and urgent aid for Haiti

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·July 4, 2023·2 min read

Haiti The security situation in Haiti “is appalling,” said UN Secretary-General António Guterres, recalling his recent visit to the fragile nation. He called for swift action at a time when the humanitarian needs are “soaring”. And although “there is not yet the political solution in sight”, the UN chief expressed...

Draft NY state law a ‘golden opportunity’ to ensure fair debt relief

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·June 9, 2023·1 min read

Olivier de Schutter, Special Rapporteur on extreme poverty and human rights, and Attiya Waris, Independent Expert on foreign debt and human rights, have welcomed the proposed New York Taxpayer and International Debt Crises Prevention Act, which is currently under discussion. They urged lawmakers to adopt the draft bill, which compels...

SDG stimulus could unlock $148 billion in debt savings: UNDP

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·February 23, 2023·2 min read

The report – Building blocks out of the crisis: The UN’s SDG Stimulus Plan – was issued ahead of the G20 Finance Ministers and Central Bank Governors Meeting in Bangalore, India, which begins on Friday. UNDP has called for action to protect developing nations from the impact of today’s overlapping...