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Sustainable Development Goals (SDGs)

U.N. trade agency adopts sweeping mandate tackling global debt crisis

UNCTAD also launched a new platform to stabilize borrower nations and mobilize capital for a costly green transition.

, and John Heilprin

October 24, 2025 . 3:04 AM

4 min read

A major port for exporting the natural resources of the Amazon region, Belém, Brazil plays host to the U.N. climate summit in November. — A tourist destination and major port for exporting the natural resources of the Amazon region, Belém, Brazil plays host to the U.N. climate summit in November. (AN/Daniel Costa/Unsplash)

GENEVA (AN) — Responding to a growing confluence of global debt and climate funding crises, the U.N. Conference on Trade and Development concluded its quadrennial session by adopting a sweeping four-year mandate for financial reform.

The organization simultaneously launched the Sevilla Forum on Debt, a new platform designed to stabilize borrower nations and mobilize the massive capital flows required for a costly green transition. The Forum will have a permanent representation in Sevilla, Spain, and aims to hold its kick-off meeting in the first quarter of 2026.

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Sustainable Development Goals (SDGs) — Global Issues — U.N. Trade and Development (UNCTAD) — U.N. Framework Convention on Climate Change (UNFCCC) 1994 — U.N. Climate Change — Switzerland — Spain — Zambia — Barbados — Brazil

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