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Many African economies are at the convergence of two crises, soaring debt burden and climate vulnerability. Over the past decade, public debt levels have risen sharply across the continent, and climate shocks, such as devastating floods and prolonged droughts, have exacerbated the vulnerable situation African economies face. The continent is home to some of the most climate-vulnerable countries in the world; however, many of these nations face unsustainable debt levels that limit their fiscal capacity for climate adaptation and resilience-building.
Public debt levels in Africa have risen sharply over the past decade: by 2022, they reached US$ 1.8 trillion, a 183 percent increase from 2010. While…
