Climate-vulnerable countries are being forced to spend nearly 25 times more on debt repayments than on climate action, according to a new report by ActionAid and Development Finance International (DFI). The report, Debt Fuels the Climate Crisis: How the Finance Flows, analysed data on domestic revenues, sovereign debt, national budgets and climate plans in 65 countries considered highly vulnerable to…
Climate-vulnerable countries are being forced to spend nearly 25 times more on debt repayments than on climate action, according to a new report by ActionAid and Development Finance International (DFI). The report, Debt Fuels the Climate Crisis: How the Finance Flows, analysed data on domestic revenues, sovereign debt, national budgets and climate plans in 65 countries considered highly vulnerable to…
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Source: MyJoyOnline
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