ActionAid Warns Debt Crisis Is Undermining Africa’s Climate Action
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NAIROBI, Kenya Nov 2 – African countries vulnerable to climate change are diverting significant public resources towards debt repayments at the expense of climate action, food security and investments in resilience, according to new reports by ActionAid.
The reports warn that rising sovereign debt and the continued reliance on loans rather than grants for climate financing are worsening the financial constraints facing developing countries.
Teresia Anderson, ActionAid International&#
The reports warn that rising sovereign debt and the continued reliance on loans rather than grants for climate financing are worsening the financial constraints facing developing countries.
Teresia Anderson, ActionAid International&#
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