Hit by COVID and climate change, island states battle debt crisis
Barcelona, SpainThomson Reuters Foundation As the coronavirus pandemic compounds worsening economic pressures from climate change impacts, small island developing nations on Monday appealed for international financial support to help them avert a looming debt crisis. Ahead of this month’s UN General Assembly, the Alliance of Small Island States has stepped up diplomatic pressure, calling on […]
Climate fund for poor nations vows to drive green COVID recovery
Barcelona, SpainThomson Reuters Foundation The Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $US879 million in backing for 15 new projects around the world. At a four-day virtual board meeting ending late Friday, the fund […]