Debtor Countries Finally Have a Group of Their Own

As systemic and geopolitical risks mount, financial uncertainty has become the new normal for developing countries, leading to a growing chorus of Global South policymakers calling for more collaboration and coordination. The newly formed Borrowers’ Platform makes this a reality.

CAIRO—On April 15, a group of developing countries launched the Borrowers’ Platform to create a more powerful collective voice in debt-management discussions and international financial negotiations. While the initiative is grounded in the Sevilla Commitment, adopted at last year’s Fourth International Conference on Financing for Development, it was long in the making. To paraphrase the French literary giant Victor Hugo, nothing is stronger than an idea whose time has come.

Register Now

Already have an account? Log in

Support Project Syndicate