Group 1 - The core focus of the recent international conference was to address the debt crisis faced by developing countries, emphasizing the need for measures to alleviate debt burdens and create financial space for sustainable development [1][3] - The external sovereign debt of developing countries reached $11.4 trillion in 2023, with debt repayment costs more than doubling since 2014, leading to $1.7 trillion used for debt servicing in 2023 alone [1][3] - The report highlighted that over two-thirds of low-income countries are either in debt distress or at high risk of it, with 3.4 billion people living in countries where interest payments exceed spending on health or education [3][6] Group 2 - The situation has worsened from last year, with developing countries spending $921 billion on debt repayment in 2023, up from $847 billion in 2022, while the funding gap for achieving sustainable development goals has exceeded $4 trillion [6][9] - Official development assistance has stagnated, with a 7.1% decline in 2024, marking the first decrease in years, and projected aid spending for 2025 could be 20% lower than in 2023 [6][9] - The report identified that 54% of external public debt in developing countries is held by private creditors, complicating and slowing down the debt restructuring process [8][9] Group 3 - The report proposed 11 actionable recommendations aimed at reforming the multilateral financial system, enhancing cooperation among borrowing countries, and encouraging policy reforms for better debt management [9] - The recommendations are designed to provide short-term relief for indebted countries while expanding access to affordable financing in the long term [9]