World Bank in Talks with 40 Countries Over Crisis Aid as Global Economic Pressures Mount

The World Bank is in discussions with between 30 and 40 countries about potential emergency financial assistance as rising energy and fertiliser prices, high borrowing costs and climate risks intensify economic pressures on developing nations. World Bank President Ajay Banga told Reuters that the institution was prepared to provide support as countries grapple with the […]

UN’s Borrowers’ Forum, launched at the Fourth International Conference on Financing for Development (FfD4)

UN’s Borrowers’ Forum, launched at the Fourth International Conference on Financing for Development (FfD4)

The UN’s Borrowers’ Forum, launched at the Fourth International Conference on Financing for Development (FfD4) in Sevilla on July 2, 2025, is a new mechanism aimed at addressing global debt challenges, particularly for developing countries. What Is the Borrowers’ Forum? The Borrowers’ Forum is a UN-backed initiative designed to give debt-distressed countries—mostly in the Global […]