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Debt-Fossil Fuel Trap Report
August 27 , 2023
246 days
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- The Debt-Fossil Fuel Trap report was published by the anti-debt campaigners Debt Justice and partners in affected countries.
- Poor countries with heavy debts have been forced to continue to rely on fossil fuels for generating revenue to return the loans taken from richer countries and private lenders.
- Their external debt payments have gone up by 150% between 2011 and 2023.
- It was reaching their highest levels in 25 years.
- Moreover, 54 countries are in a debt crisis.
- They had to cut their public sending budgets during the pandemic to repay the loans.
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