Current Affairs · International Organisations & Debt Governance
Consider the following statements regarding the Borrowers' Platform: Statement I: The Borrowers' Platform is a forum launched by developing countries to collectively address sovereign debt challenges and enhance coordination. Statement II: It is supported by the United Nations Conference on Trade and Development (UNCTAD), which acts as its secretariat and facilitates technical cooperation and capacity building. Statement III: The platform serves as a mechanism for debt restructuring negotiations between debtor nations and creditor groups like the Paris Club. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement I nor Statement II is correct.
- 2Only Statement III is correct, and it explains Statement I.
- 3Both Statement I and Statement II are correct, but Statement III is incorrect.✓
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Both Statement I and Statement II are correct, but Statement III is incorrect.
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