Article 598T0 Climate finance driving poor countries deeper into debt, says Oxfam

Climate finance driving poor countries deeper into debt, says Oxfam

by
Fiona Harvey Environment correspondent
from on (#598T0)

Countries that did least to cause crisis having to take loans to protect themselves, says charity

Billions of dollars are being loaned on high-interest terms to poor countries seeking help to cope with the impacts of climate breakdown, according to an Oxfam report.

The loan terms risk storing up debt burdens lasting far into the future, the charity says.

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