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New debt management platform launched in Seville aims to aid countries, especially in Africa, with debt relief and financing access.
At the Fourth Financing for Development Forum in Seville, a new platform was established to support countries with debt issues, aiming to improve debt management and strengthen their negotiating power.
The "Compromiso de Sevilla" document supports Africa's call for global financial system reforms, including debt relief and better access to financing.
However, the African Forum and Network on Debt and Development criticized the outcome document for being weakened by lack of commitment from Global North countries, calling for more ambitious reforms to address Africa's debt crisis.
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La nueva plataforma de gestión de la deuda lanzada en Sevilla tiene como objetivo ayudar a los países, especialmente en África, con alivio de la deuda y acceso a financiación.