African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

African sovereign debtors in distress face terrible choices. They are often forced to choose between fully paying their creditors and financing the needs of their populations – health, education, renewable energy, water. Discussions with their creditors focus on financial, economic and contractual issues. The environmental and social impacts of their situation are largely excluded from…

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Africa: Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Africa: Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account…

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African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

Africa: Facing Debt, Donor Retreat, Africa Needs United Response – UN Warns

ADDIS ABABA- The United Nations Economic Commission for Africa (UNECA) suggested African countries to strengthen their economic diplomacy in home-grown expertise and credible evidence as debt crisis and donor retreat intensifies. In a briefing to the Africa Group of ambassadors at United Nations (UN) headquarters, the Economic Commission for Africa (ECA), Executive Secretary Claver Gatete…

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African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

Africa: How to Stabilize Africa’s Debt

Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios…

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African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

Africa: Drowning in Debt – New Forum in Sevilla Offers Borrowers Chance to Rebalance the Books

A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in the global financial system, has been launched at the UN’s pivotal sustainable development conference in Sevilla. The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging…

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African Debt and Climate Change – How the ICJ’s Vanuatu Ruling Could Be Used for Broader Justice

Africa: New UN Report Charts Path Out of Debt Crisis Threatening Global Development

A decade after the adoption of the Sustainable Development Goals (SDGs), development is facing serious headwinds – including what UN officials describe as a “silent crisis” of surging debt service payments in low-income countries. On Friday, Deputy Secretary-General Amina Mohammed launched a new report, Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing. She…

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