According to the Mo Ibrahim Foundation Finance Africa 2024 Report, debt servicing costs reduce climate investment capacity.
According to the Debt Relief for a Green and Inclusive Recovery Project, 47 countries with a total population of over 1.1 billion will face insolvency problems in the next five years as they seek to ramp up investment to meet climate and development goals.
15 out of 20 countries
globally with the
highest debt servicing
cost as a share of total
revenue are African.
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