Developing countries could be required to repay up to $88 billion on $62 billion in climate loans received in 2022, raising concerns that wealthy nations are...
The repayment burden of public climate loans for developing countries to respond to the climate crisis has tripled over the past four years. The report warns that due to the nature of climate businesses, which are difficult to generate revenue from, excessive lending threatens the fiscal health of developing countries and could reduce their capacity for future disaster preparedness.