Strengthening policies on debt management

Description

Strengthening policies on debt management involves establishing robust frameworks for monitoring, assessing, and controlling public and private debt levels. This strategy aims to prevent unsustainable debt accumulation, reduce fiscal vulnerabilities, and enhance economic stability. Key actions include improving transparency, enforcing prudent borrowing practices, implementing effective debt restructuring mechanisms, and building institutional capacity. These measures help governments and organizations avoid debt crises, ensure responsible lending and borrowing, and support long-term financial sustainability.

Context

Strengthened policies would avoid unsustainable levels of debt.

Implementation

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.