Sudan Participates in Launching of Borrowing Countries’ UN Platform
Washington – Sudanhorizon
The United Nations has launched its new platform for borrowing countries on Wednesday in response to the global debt crisis, with the aim of restoring balance to the international financial system. The platform will represent borrowing countries and defend their interests.
In contrast, the Paris Club represents the interests of creditors. Instead of each borrowing country facing creditor institutions alone, the new platform provides a space for developing countries to coordinate among themselves, enhance their resilience, and protect themselves from the pressures resulting from debt.
UN Secretary-General António Guterres launched the ceremony alongside his deputy, Amina Mohammed, the Prime Minister of Barbados, and finance ministers from more than thirty developing countries.
Representing Sudan at the ceremony was the Minister of State at the Ministry of Finance, Mohamed Nour Abdel-Daim, who delivered the country’s address. In his statement, the State minister reviewed the efforts of the “Government of Hope” in reconstruction, reforming the financial system, and stimulating the economy, emphasizing its success in achieving tangible results despite the challenges of war.
Nour El-Daem noted that the celebration coincided with the third anniversary of the war, which had not received sufficient attention from the international community in supporting Sudan against the militias, while simultaneously highlighting the resilience and strength of the Sudanese people.
The Minister of State emphasized the importance of the platform’s objectives in supporting developing countries under the auspices of the United Nations, affirming Sudan’s desire to actively participate in establishing its operations in the coming period. He stressed the importance of collective cooperation in building a more equitable and transparent financial system that enables countries to achieve sustainable development.
At the conclusion of the program, all participating countries agreed on a joint statement, paving the way for a new future for debt management
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