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A Bridge to Climate Action

Vital investment to re-ignite growth and progress on climate action in developing economies will fail if the current debt overhang remains unaddressed. While the international community is preparing to move from billions to trillions, efforts to translate these investments into the green transition will remain vain as long as developing countries continue to struggle with debt crises. Indeed, much of the new flows would leak out as debt service, whilst economies in disarray will be unable to increase their investments in a sustainable future. A bridge between the current crisis and a time when efforts can go in earnest to save the planet is urgently needed. […]