Article 6N837 Debt payments by countries most vulnerable to climate crisis soar

Debt payments by countries most vulnerable to climate crisis soar

by
Larry Elliott Economics editor
from Economics | The Guardian on (#6N837)

Exclusive: level at highest in more than 30 years, say campaigners, who want rapid and effective' relief scheme

Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the start of the coronavirus pandemic and now stand at their highest level in more than three decades, campaigners have warned.

The Debt Justice charity said countries at the highest risk of being affected by global heating were paying 15.5% of government revenues to external creditors - up from less than 8% before Covid-19 and 4% at their lowest recent point in 2010.

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