Debt Crisis Deepens Climate Vulnerability Across Global South
As the world grapples with overlapping environmental and economic crises, developing countries are facing a growing dilemma how to balance the rising cost of debt with the urgent need for climate resilience. At the heart of this issue is a global financial architecture that leaves low- and middle-income countries struggling to finance development without compromising their climate goals.
The scale of the problem is vast. Developing countries now owe $29 trillion in public debt an amount that has nearly doubled over the past decade. Much of this debt is external, borrowed from foreign lenders, and increasingly unsustainable. For countries like Sri Lanka and Kenya, such financial stress has already translated into economic turmoil and civil unrest. In Sri Lanka’s case, heavy foreign borro...









