International think tank International Institute for Environment and Development (IIED) has released a report that finds that the world’s poorest and most climate-vulnerable countries are collectively spending twice as much paying creditors to service their debts as they receive in climate finance. It also shows the situation is getting worse, with debt payments growing at a faster rate than climate support. The analysis uses the latest available data for 58 countries which are either part of the Least Developed Countries (LDC) Group or the Small Island Developing States (SIDS) group. These countries are home to around 1.2 billion people.
