Climate crisis could increase African country debts by $1 trillion
18 Oct 2022
Sub-Saharan African countries will have to take on almost $1 trillion in debt over the next 10 years unless wealthy countries provide adequate finance to address the climate crisis, according to a new report published on Monday, October 17, 2022, by Debt Justice and Climate Action Network International.
This will amount to a 50% increase on current debt levels as a percentage of GDP, unless wealthy countries rapidly scale up finance to help countries prepare for and address the impacts of the climate crisis.
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