Development finance, debt and the SDGs · at 10 min
But the international system can widen or narrow our choices. Technology transfer, resilient supply chains and accessible finance expand choice. Technological dependence, external shocks and unsustainable debt limits it. This is why reform of the international financial architecture matters. We must implement the Sevilla Commitment and deliver on its promises on finance, debt and reform. Earlier this year, the Maldives joined other developing countries in launching the Borrowers’ Platform. It must become a lasting mechanism that gives developing countries not just a place in the financial system, but a voice in shaping it. But for SIDS, greater agency also depends on progress at home. We must build our institutions, improve stability, and attract responsible investment and meaningful partnerships. And these partnerships must build national capacity and support national ambitions. Partnerships must serve national needs, strengthen what we have and leave us more capable than before. Our shared challenges can become shared opportunities. This is the spirit of President Dr Muizzu’s Maldives First policy.
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