About Borrowers’ Platform:
- It is a dedicated space enabling developing countries that are borrowers to come together, share knowledge, exchange experiences and speak collectively on debt issues.
- It brings together Finance Ministers and Central Bank Governors from developing countries to strengthen debt management capacity, enhance coordination and amplify their collective voice in global debt discussions.
- It will be governed by Ministers of Finance of participating countries. They will be supported by technical officials responsible for debt.
- It is not a forum for collective debt-restructuring
- Members: It has 30 members including India. It’s working group chaired by Egypt.
- Secretariat: It is supported by the United Nations Conference on Trade and Development as its secretariat.
- Significance: As developing countries’ external debt burden reached $11.7 trillion in 2024. So it will help in addressing the debt burden.
