UN Secretary-General Antonio Guterres on Wednesday highlighted debt as a major barrier to development for countries worldwide while launching the Sevilla Forum on Debt.

“Developing countries face a serious barrier to progress: debt. Borrowing should work for — not against — them. No country should have to choose between servicing its debt or serving its people. The Sevilla Forum on Debt will help deliver financial justice for all,” Guterres said in a post on X.

Addressing the media at the launch of the Forum, he said the event marked “a critical step in bringing to life the Sevilla Commitment and the Sevilla Platform for Action, both announced at June’s Fourth International Financing for Development Conference.”

He noted that the Conference and its outcomes highlighted a key truth: deve

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