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African Union proposes new debt-swap mechanism for climate adaptation funding

The bloc's finance ministers put forward a plan that would allow creditor nations to cancel bilateral loans in return for verified spending on flood defences and drought-resilient farming.

4 min read
Amara DialloWorld reporter
African Union summit hall with delegates
Photo: Unsplash

The bloc's finance ministers put forward a plan that would allow creditor nations to cancel bilateral loans in return for verified spending on flood defences and drought-resilient farming.

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