By LiCAS.news
THAILAND – Civil society leaders, faith-based organizations, and youth advocates gathered at the Chiangmai Global Governance Forum (CGGF) 2025 in January to push for economic justice, climate action, and strengthened civic engagement.
Hosted at the International Youth Training Center (IYTC) in Thailand, the forum brought together key stakeholders to assess global governance frameworks and strategize collective action for sustainable development.
The forum addressed pressing issues such as sovereign debt, climate finance, and economic inequality, highlighting how the debt crisis disproportionately affects the Global South.
According to discussions, nearly one-third of nations prioritize debt servicing over essential services like health and education, leading to economic disparities.
Advocates at the CGGF pushed for the establishment of a UN Framework Convention on Sovereign Debt to ensure transparent debt-resolution mechanisms and urged the global community to shift toward grant-based climate finance instead of loan-driven approaches.
The forum also highlighted concerns about market-based climate solutions, such as carbon trading, which critics argue prioritize profits over justice.
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