Most countries that are vulnerable to climate disasters are drowning in debt, which is hindering their capacity to effectively respond to climate-related emergencies, a new study has revealed.
The research conducted by international charity ActionAid, released on the sidelines of the World Bank and International Monetary Fund (IMF) Spring Meetings, revealed that 93 per cent of countries in the Global South that face most impact from a warming planet are also under significant debt distress.
