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 London Gold Price Benchmark Hits All-Time High at Morning Auction, LBMA Says READ MORE World Gold Council: Why Are Gold Prices Rising? READ MORE Market Watches Fed and Inflation Cues as Gold Steadies at $2,300 READ MORE Navigating Gold's Volatility: The 2024 Surge and Its Implications READ MORE How Much Gold and Silver is Needed for Financial Crises READ MORE Add a Comment Cancel replyYour email address will not be published.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