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Cop29 climate finance deal: why poor countries are so angry

2024-11-25

finance

Cop29 climate finance deal: why poor countries are so angry

The cost of borrowing money can be up to seven times higher for developing countries than the US and Europe. This is because lenders see poorer countries as riskier places to invest, given their perceptions of political instability or low credit ratings. This arrangement entrenches inequality. ...Read more

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