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 April CPI Report Shows Inflation Easing, But Consumer Prices Up 3.4% Year-Over-Year READ MORE Silver Demand Soars as Solar Power Industry Expands Globally READ MORE South Korea's Reserve Bank Holds Back Amid Global Rush READ MORE McDonald’s $5 Meal Deal Highlights Inflation Battle READ MORE Powell Highlights Urgency of Addressing US Debt Path Despite Economic Strength READ MORE Add a Comment Cancel replyYour email address will not be published.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