Debt sustainability remains a critical issue for many developing countries, hindering their progress towards achieving the Sustainable Development Goals. Prudent debt management strategies are essential for these nations to avoid unsustainable debt burdens.

Access to concessional financing and grants plays a vital role in supporting developing countries’ efforts to manage their debt effectively. International cooperation and support are crucial in helping these nations achieve and maintain sustainable debt levels. This includes providing technical assistance, promoting responsible lending practices, and exploring innovative financing mechanisms.

Addressing debt sustainability challenges is essential for fostering economic growth, reducing poverty, and ensuring long-term development in developing countries. Failure to address this issue could have severe consequences, including economic instability, reduced public investment, and increased social unrest.