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Climate-vulnerable indebted countries paying billions to rich polluters

G20 nations have raked in nearly US$50 billion through debt repayments from the world’s poorest and most climate-vulnerable countries since the COVID-19 pandemic hit, according to new analysis by IIED. Payments by 58 least developed countries (LDCs) and Small Island Developing States (SIDS) reached $21 billion in 2022 – up from $14 billion in 2021 and $13bn in 2020.
France General European Development Fund World Bank Small Island Developing States Tom Mitchell
Source: iied.org

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