This paper discusses the escalating external debt distress and financial constraints faced by many least developed countries (LDCs) and other developing countries, particularly in the light of the COVID-19 pandemic, rising interest rates, high food and energy prices and currency depreciation. It stresses the importance of a comprehensive financing strategy to address the large scale of investment needs of developing countries. The paper underscores the urgent need for short-term solutions such as multilateral financing and debt renegotiation to tackle the current debt crisis, while simultaneously establishing long-term solutions to prevent future debt crises. It calls for improvements in…
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This paper presents an assessment of the Voluntary National Review (VNR) experience from 2018-2022 as an instrument of peer learning in the implementation of the UN 2030 agenda. It highlights the key findings of the annual studies by the CDP of the VNR reports submitted to the High-Level Political Forum (HLPF) from 2017 to 2021. The VNRs have been successful as a process that has fully engaged Member States. The substantive content of the reports and the review process could be strengthened by: providing more analytical rather than descriptive information; focusing on achievements, challenges, and lessons learned; reflecting on the challenges of the transformative ambition of the 2030…
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