THE FINANCIAL TIMES
Debt burden traps global south in a vicious circle

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It was the $100bn question during COP26 last year: would rich countries fulfil their pledge to give that sum to poorer states of the global south, to address climate change. In 2009, they said they would do so by 2020. But the figure was not achieved — falling short at $83.3bn, and Oxfam calculates that most of this was provided as loans, rather than grants.