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An Agenda for Tackling the Debt and Development Crises

  • Topics on: Business & Society, Economics & Policy, Financial Policy
  • Debt and Global Finance
The current system of development finance and debt restructuring is in urgent need of reform. As aid flows decline, climate change and nature loss accelerate, and global growth slows, developing countries’ debt vulnerabilities will only increase, as will the threats to global stability.

Martín GuzmánMartín Guzmán

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  • 08/19/2025
  • Project Syndicate
  • External Authors: Mahmoud Mohieldin, Vera Songwe

Following the Fourth International Conference on Financing for Development in June, we reached a breakthrough moment. Governments, international financial institutions, and civil-society organizations, recognizing the need to tackle today’s debt and development crises, are ready for action ahead of the United Nations General Assembly (UNGA) in September.

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