Skip to main content
Work with the NEU
African nations considering ‘debt for climate’ swap to help stave off impact of growing climate emergency
Young girls pull containers of water as they return to their homes from a well in the village of Lomoputh in northern Kenya, May 12, 2022

AFRICAN nations are considering a “debt for climate” swap to help them stave off the impact of the growing climate emergency.

Saddled with debt and ravaged by losses and damages from devastating weather events like cyclones, drought and extreme temperatures, African finance ministers meeting in Ethiopian capital Addis Ababa on Monday have agreed to consider swapping debt to invest in climate action.

This comes as Russia has announced that it has agreed to write off more than $20 billion (£16.4bn) dollars in African debt.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Athletes representing the UK’s four nations begin a 200km relay swim along the River Thames to London as part of a Surfers Against Sewage campaign calling for urgent government action on sewage pollution, September 2025
Borderlands: A Country Diary / 14 August 2026
14 August 2026

MARK SEDDON tries to cool off in the countryside to avoid the heatwaves but the greed and incompetence of the privatised water industry is now at boiling point

A pharmacy sign shows in Bordeaux, southwestern France, June 23, 2026
Climate / 30 June 2026
30 June 2026

Extreme heat is now one of the defining public health challenges of a warming world, explains Prof IAN WILLIAMS