Australia to offer debt relief for climate-hit nations
Sydney (AFP) Sept 26, 2024
From next year Australia will start offering natural-disaster-hit countries the chance to pause debt repayments in a bid to help stabilise climate-vulnerable Pacific neighbours. Australia's Foreign Affairs Department told AFP that "climate resilient debt clauses" would be offered on sovereign loan deals "by the end of 2025". "These clauses will help small and vulnerable countries build
From next year Australia will start offering natural-disaster-hit countries the chance to pause debt repayments in a bid to help stabilise climate-vulnerable Pacific neighbours. Australia's Foreign Affairs Department told AFP that "climate resilient debt clauses" would be offered on sovereign loan deals "by the end of 2025". "These clauses will help small and vulnerable countries build