Addressing the Debt Burden of Low and Middle Income Countries - Towards the Development Finance Conference in Sevilla

Many low- and middle-income countries (LMICs) are facing increasing challenges in managing their debt burdens. Factors such as the COVID-19 pandemic, rising global interest rates, climate change impacts, and geoeconomic and geopolitical instability have exacerbated existing vulnerabilities, pushing several LMICs into or near debt distress. This situation threatens their ability to achieve sustainable development goals, invest in essential services, and respond to future shocks. The goal of this event is two- fold. First, it will raise awareness of the growing debt crisis in LMICs and its implications, by facilitating a dialogue among decision makers, international financial institutions, experts and civil society organizations. Second, it will seek to identify innovative solutions and policy recommendations for addressing debt distress and promoting long-term debt sustainability in view of the Fourth International Conference on Financing for Development (FfD4) in Sevilla.