How the EU actually worked to undermine Global South debt reforms
euobserver.com
While the EU supported declarations at the G20 heads of state summit and the AU-EU summit, acknowledging the need for a debt architecture reform, its actions in New York last week told a different story, warns Eurodad.

European Commission delegates tried to block a United Nations resolution that merely reiterated commitments agreed by consensus at the Fourth Financing for Development Conference (FfD4) in Seville last July.

The FfD4 outcome document, “Seville Commitment”, clearly calls for the launch of an intergovernmental process to discuss debt architecture reform at the UN — the only space where borrowers and creditors can participate on equal footing.

It appears the EU is reluctant to embrace multilateralism when real decisions are at stake, yet eager to participate in symbolic side-shows where it can be a champion in rhetoric while accomplishing very little.