LONDON, England
According to the Mo Ibrahim
Foundation Finance Africa 2024 Report, debt servicing costs reduce climate
investment capacity.
According to the Debt Relief
for a Green and Inclusive Recovery Project, 47 countries with a total
population of over 1.1 billion will face insolvency problems in the next five
years as they seek to ramp up investment to meet climate and development goals.
15 out of 20 countries
globally with the highest debt servicing cost as a share of total revenue are
African.
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