Debt Management and Financial Analysis System ProgrammeAnnual report Technical and statistical reportU NI T E D NAT I O NS CO NFE R E N C E ON T R A D E A N D D E VE L OP M E N T20252025Debt Management and Financial Analysis System ProgrammeAnnual report Technical and statistical reportUNI T E D NAT I O NS CO NF E R E N C E ON T R A D E A N D D E VE L OP M E N TGeneva, 2026© 2026, United Nations All rights reserved worldwide Requests to reproduce excerpts or to photocopy should be addressed to the Copyright Clearance Center at copyright.com. All other queries on rights and licences, including subsidiary rights, should be addressed to: United Nations Publications 405 East 42nd Street New York, New York 10017 United States of America Email: publications@un.org Website: https://shop.un.org/ The designations employed and the presentation of material on any map in this work do not imply the expression of any opinion whatsoever on the part of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention of any firm or licensed process does not imply the endorsement of the United Nations. This publication has not been formally edited. United Nations publication issued by the United Nations Conference on Trade and Development UNCTAD/GDS/DMFAS/2026/1 ISBN: 978-92-1-155003-0 eISBN: 978-92-1-155005-4 ISSN: 1663-2265 eISSN: 2959-5231 Sales No. E.26.II.D.28DMFAS ProgrammeAnnual Report 2025iiiNoteThe UNCTAD Debt Management and Financial Analysis System (DMFAS) Programme thanks the support of its bilateral donors: France, Germany, Ireland, the Kingdom of the Netherlands, Switzerland and the European Union.The designations of country groups are intended solely for statistical or analytical purposes and do not necessarily express a judgment about the stage reached by a particular country or area in the development process.DMFAS ProgrammeAnnual Report 2025ivTable of contentsNote .........................................................................................................................iiiTable of contents ....................................................................................................ivExecutive summary ................................................................................................viiImplementing the strategic plan ..................................................... 11. Overview of strategic plan 2025–2028 ............................................................ 12. Key results achieved in 2025 .......................................................................... 43. Activities implemented in 2025 ...................................................................... 63.1 Country project activities ......................................................................... 63.2 Implementation of capacity-building activities in 2025 ...........................