Rania al-Mashat (in the center), Minister of Planning and Economic Development of Egypt, next to the Minister of Foreign Affairs of Zambia Mulambo Chaimbe (right) at the opening ceremony of the forum of borrowers in Seville. UN conference in Seville gives borrowers a chance to change the rules of the game Economic Development At the UN financing conference in Seville, a new mechanism has been launched, providing countries with a high level of debt the opportunity to increase the degree of its participation & nbsp; in the global financial system. 62 > 62 > 62 ~ creation forum of borrowers was & nbsp; an important step in the efforts to reform international debt architecture. Its solutions & nbsp; received full support from the part of the & nbsp; the UN and were included & nbsp; in the final document called “Seville Agreement”. ~ 60 >~ 60 > “This is not just words – these are real actions,” said the Minister of Planning and Economic Development Egypt Rania al-Mashat. – The borrowers forum is a real plan developed by countries to develop a general strategy to overcome debt calls. ” ~ ~ ~ ~ p >The General Secretary of the UN Conference in Trade and Development (UNKTAD) Rebka Greenspan noted that developing countries often & NBSP; they are forced to negotiate with the combined blocks of creditors alone. “A voice is not just an opportunity to speak, but also the ability to influence the result,” she said. “Today, 3.4 billion people live in countries where more funds are spent on duty for health and education.” The platform for cooperation and the exchange of experience ~ 60 > forum of borrowers will provide a platform for the exchange of experience, obtaining technical and legal assistance, promoting the standards of responsible lending and borrowing, as well as strengthening the collective negotiation position. Its launch meets the long -standing requirements of the global south about a more inclusive decision -making mechanism in the debt system, where the interests of creditors dominate. 60 > Minister of Foreign Affairs Mulambo Haimbe told reporters that the initiative will contribute to “long -term partnerships, mutual respect and separation responsibility ”, and expressed the readiness of his country to accept one of the first meetings of the forum. A special envoy of the UN for financing the agenda for the period until 2030 Mahmoud Mojieldin noted that the formation of the forum was a direct response to a system that left the debtor countries in isolation: “We are talking about justice and preventing the next debt crisis.” 62 > adopted The consensus “Seville Agreement” & NBSP; includes a set of obligations to reform sovereign debt. Among them are & nbsp; support for initiatives led by debtor countries, increasing the transparency of debt obligations, improving coordination between creditors and studying the possibility of creating a multilateral legal base for debt restructuring. 62 ~ Civil Society: “This – & nbsp; lost opportunity ”Despite a number of obvious achievements, representatives of the civil society sharply criticized the final document, calling it “the lost opportunity to carry out the true reform of the global debt system.” “This document did not initially differ in ambitiousness, but in the end weakened,” said, speaking to journalists, speaking, speaking, acting as journalists. Director of the African Forum and a network for debt and development of Jason Brahganza. – Almost half of the African countries is faced with a debt crisis. Instead of investment in healthcare, education and clean water, they pay creditors. ”~ 60 > he thanked the African group and the alliance of small island states for promoting the ideas of the UN framework for sovereign debt. Although its adoption has not yet taken place, Braganza noted a small breakthrough – the creation of a new intergovernmental mechanism capable of laying the basis for the future reform. ~ 60 > representatives of civil society also warned against false decisions in the form of “exchange of debt for climatic measures”. Braganza called them “a fiction that does not provide real financial space for countries.” 60 > 62 ~ Tow Ruding from the European network on duty and development supported this position: “We are told that there is no money to combat poverty and change in climate, but this is not so. The problem is in economic injustice. The result of the conference reflects the usual practice. ” she emphasized that progress in the development of the UN tax convention is evidence that countries are able to achieve changes for the better. 62 > 62 >