Escaping the Climate Debt Trap – Urgent Reforms for Developing Nations
HEAVY and rising debt has emerged as one of the toughest hurdles for developing nations to address climate change, alleviate poverty, and seek economic development. The total external debt of 118 low- and middle-income countries doubled to $3.1 trillion in 2022 from $1.5tr in 2010, rising to about 15 per cent of their GDP. The … Read more