Countries at Climate Risk Face Soaring Debt Payments, Report Reveals Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the start of the COVID-19 pandemic, reaching their highest level in over 30 years. These nations now allocate 15.5% of government revenues to external creditors, up from less than 8% before the pandemic. Debt Justice, citing data from the World Bank and IMF, highlights the urgent need for comprehensive debt relief to enable these countries to address the climate crisis effectively. The charity’s executive director, Heidi Chow, emphasized that record debt levels are hampering the ability of these countries to combat the climate emergency. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE Gold Finds Support at 50-Day EMA, Eyes Gradual Rebound READ MORE Safe-Haven Appeal Drives Gold Over $2,400 READ MORE Gold and Silver: Preppers' Choice for Weathering Uncertainty READ MORE WSJ: Interest Rates Are a Distraction; Fed's Asset Holdings Hold Real Power READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment