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UN Inaugurates New Forum to Help Debtor Countries

Summary by Premium Times Nigeria
“Today, 3.4 billion people live in countries that pay more in debt service than they do on health or education.” The post UN inaugurates new forum to help debtor countries appeared first on Premium Times Nigeria.

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These small states, which are economically fragile and very vulnerable to climate change, could benefit from a mutualised system under the aegis of development banks, in order to free up budgetary margins, and their access to the market remains open.

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Dozens of people participating in the UN summit on financing for development as members of civil society have demonstrated inside the venue where it takes place to demand debt cancellation from the poorest countries and protest the "little ambition" of the United Nations.

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Global Diaspora News broke the news in on Wednesday, July 2, 2025.
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