30
Nov
OSC Ministers of Finance Approves the Establishment of the Common Leveraging Union of Borrowers (CLUB). Finance Ministers of the Member States of the Organisation of Southern Cooperation have adopted the Bylaws establishing 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. The meeting took place in Addis Ababa, Ethiopia, between 28 and 29 November 2023, at the invitation of Secretary-General…