The debt crisis is draining funds from lower income countries just when they need it most. All over the world interest rates are rising. And countries least responsible for the climate crisis are facing the biggest costs.
Caused by the climate crisis, Pakistan's devastating floods have displaced 33 million people. However, this year alone, US$18 billion in debt payments will be claimed from the people of Pakistan by foreign lenders.
With over a quarter of all countries already in debt crisis, it’s time to demand debt cancellation and funds to deal with the climate crisis!