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Abiy Ahmed Called for Regulation of the $1 Trillion Public Debt at COP31
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Ethiopian Prime Minister Abiy Ahmed thanked Türkiye for hosting the COP31 Leaders Summit. Ahmed stated, "We are aware that high borrowing costs limit countries' ability to invest in resilience. Lowering them will impact our collective credibility. With this understanding, the lending activities of multilateral financial institutions should be regulated."
·Istanbul, Türkiye
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Ethiopian Prime Minister Ahmed stated at COP31 that the public debt of developing countries is approaching $1 trillion. He noted that high borrowing costs are restricting resilience investments and called for regulation of lending by multilateral financial institutions.
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