Restructure Debt, Fund Climate Action
In many countries of the Global South, the debt burden weighs on public budgets and prevents investments to improve climate resilience. On the occasion of the tenth anniversary of Pope Francis’ Laudato si’ encyclical, we analyse in this blog post how closely the climate and debt crises are intertwined. We show that it is now, in the run-up to the Fourth United Nations Conference on Financing for Development (FfD4), that the German government must take responsibility by helping to reshape the international financial architecture.
