Ministers of Finance Meeting – 29 November 2023

On the second day of the Minister of Finance Meeting, OSC Ministers of Finance approved the establishment of the Common Leveraging Union of Borrowers (CLUB), which is a union of sovereign debtors that aims to pool capacities of member states to reduce external debt burdens and secure more favourable fresh financing that is conducive to transformative, sustainable and multidimensional development through borrower-coordination and collective negotiations with creditors.


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