Developing Countries: Climate Change and Debts

(asked on 3rd July 2025) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what tangible steps they will take to fulfil their manifesto pledges on tackling unsustainable debt for developing nations and unlocking climate finance, following reductions made to Official Development Assistance.


Answered by
Baroness Chapman of Darlington Portrait
Baroness Chapman of Darlington
Minister of State (Development)
This question was answered on 14th July 2025

We are working with all our partners to tackle unsustainable debt and ensure all countries can invest and grow. The Economic Secretary (EST) is co-chairing the 'London Coalition on Sustainable Sovereign Debt', launched in June to work with private creditors on sovereign debt issues, and at the Fourth Conference on Financing for Development, the UK co-led the launch of the Debt Pause Clause Alliance. We continue to drive progress in the G20 on strengthening and accelerating debt restructurings via the G20 Common Framework.

The UK is committed to playing our part alongside other developed countries and providers to deliver our international climate finance commitments, including through our shareholdings at the Multilateral Development Banks (MDBs), the largest providers of public climate finance. We are also pushing for new sources of funding such as agreement on the International Maritime Organisation's Net Zero Framework alongside efforts to mobilise more private capital.

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