Christiana Figueres Instagram – Emerging countries will pay a record $400 billion in external debt this year, making climate adaptation and sustainable development in these vulnerable areas effectively impossible. If this debt were to be removed, it would allow investment in people and future, bringing stability, lower food and energy costs and nature protection – not just within the borders of these countries, but to us all.
We must wake up to the fact that if any one part of our global ecosystem and human network is supported, it supports us all. If it is harmed, it harms us all.
As The World Bank and International Monetary Fund (IMF) hold their critical annual “spring meetings” in Washington DC this week, now is the moment for an upgrade to our global financial system.
I am adding my name to this open letter calling on #G20 leaders to bring in that change now. We are at a pivotal moment. We call for:
1️⃣Triple investment in our future.
2️⃣Eradicate crippling debt that shackles development.
3️⃣Make polluters pay for a cleaner planet.
We need a financial system that empowers progress, not stifles it. Let’s reform our institutions and make them work for people and planet.
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You can find the full letter at globalgoals.org/dearG20
#dearg20leaders #dearg20 #g20 | Posted on 15/Apr/2024 15:17:12
