• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Ruto, AfDB’s Adesina Say Tackling Climate Depends On Africa Debt Fix

Ruto, AfDB’s Adesina Say Tackling Climate Depends On Africa Debt Fix

2 years ago
Ofili: Nigerian Athlete ‘Moves To Switch Nationality

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

6 minutes ago
Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

1 hour ago
US Bombs Iran’s Three Nuclear Sites

US Bombs Iran’s Three Nuclear Sites

8 hours ago
Nigeria’s Amusan To Compete In Jamaica As Athletics Season Kicks Off

Paris Diamond League: Nigeria’s Amusan Finishes Second In 100m Hurdles

19 hours ago
West Africa Wants Energy, Minerals Deals With Washington, But Decries Trump’s Ban

Nigerian Govt Debunks Claims Of Abandonment Of Citizens In Iran

19 hours ago
Sunday, June 22, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    WAES2025: Liberian Leader Wants ECOWAS’ Door Open To Junta-led Niger, Mali, Burkina Faso

    WAES2025: Liberian Leader Wants ECOWAS’ Door Open To Junta-led Niger, Mali, Burkina Faso

    Tunisian Court Slams 15-Year Jail Term On Another Opposition Figure

    Tunisian Court Slams 15-Year Jail Term On Another Opposition Figure

    Zambia’s Former President To Be Buried In South Africa After Funeral Dispute

    Zambia’s Former President To Be Buried In South Africa After Funeral Dispute

    Uganda: Concerns Rise Over Ageing African Leaders, As 86-Year-Old Deputy PM Gets Nominated For Re-election Inside His Car

    Uganda: Concerns Rise Over Ageing African Leaders, As 86-Year-Old Deputy PM Gets Nominated For Re-election Inside His Car

    Iran War, US Trade War Top Agenda As G-7 Summit Opens In Canada

    Iran War, US Trade War Top Agenda As G-7 Summit Opens In Canada

    Guinea Revokes Mining Concession Over Firm’s Inability To Build Alumina Refinery

    Junta-led Guinea Sets Up Body To Conduct December Elections

    Burundi: Outrage As Ruling Party Sweeps All Parliamentary Seats

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

  • Economy
    Nigeria: Civil Service Week Kicks Off With Launch Of State-of-the-Art OHCSF Entrance Foyer

    Nigeria: Civil Service Week Kicks Off With Launch Of State-of-the-Art OHCSF Entrance Foyer

    At West Africa Summit, Tinubu Wants End To Export Of Unprocessed Minerals

    At West Africa Summit, Tinubu Wants End To Export Of Unprocessed Minerals

    Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

    Nigeria’s Power Grid In Crisis As 264 Transmission Towers Vandalised In 15 Months – TCN

    Niger: Military Govt Takes Over French-Owned Uranium Firm As Row Escalates

    William Ruto

    Kenya: Parliament Passes Proposed 2025 Finance Law, Denies KRA Access To Taxpayers’ Data

    Nigerian Govt Launches 14-Man Task Team To Tackle Building Collapse Crisis

    Nigerian Govt Launches 14-Man Task Team To Tackle Building Collapse Crisis

    West Africa Wants Energy, Minerals Deals With Washington, But Decries Trump’s Ban

    West Africa Wants Energy, Minerals Deals With Washington, But Decries Trump’s Ban

    junta

    Junta-led Burkina Faso, Mali, Niger To Attend West African Economic Summit In Nigeria 

    Mali’s Junta Takes Over Canadian-Owned Gold Mine In Tax Row

    Mali’s Junta Takes Over Canadian-Owned Gold Mine In Tax Row

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    WAES2025: Liberian Leader Wants ECOWAS’ Door Open To Junta-led Niger, Mali, Burkina Faso

    WAES2025: Liberian Leader Wants ECOWAS’ Door Open To Junta-led Niger, Mali, Burkina Faso

    Tunisian Court Slams 15-Year Jail Term On Another Opposition Figure

    Tunisian Court Slams 15-Year Jail Term On Another Opposition Figure

    Zambia’s Former President To Be Buried In South Africa After Funeral Dispute

    Zambia’s Former President To Be Buried In South Africa After Funeral Dispute

    Uganda: Concerns Rise Over Ageing African Leaders, As 86-Year-Old Deputy PM Gets Nominated For Re-election Inside His Car

    Uganda: Concerns Rise Over Ageing African Leaders, As 86-Year-Old Deputy PM Gets Nominated For Re-election Inside His Car

    Iran War, US Trade War Top Agenda As G-7 Summit Opens In Canada

    Iran War, US Trade War Top Agenda As G-7 Summit Opens In Canada

    Guinea Revokes Mining Concession Over Firm’s Inability To Build Alumina Refinery

    Junta-led Guinea Sets Up Body To Conduct December Elections

    Burundi: Outrage As Ruling Party Sweeps All Parliamentary Seats

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

  • Economy
    Nigeria: Civil Service Week Kicks Off With Launch Of State-of-the-Art OHCSF Entrance Foyer

    Nigeria: Civil Service Week Kicks Off With Launch Of State-of-the-Art OHCSF Entrance Foyer

    At West Africa Summit, Tinubu Wants End To Export Of Unprocessed Minerals

    At West Africa Summit, Tinubu Wants End To Export Of Unprocessed Minerals

    Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

    Nigeria’s Power Grid In Crisis As 264 Transmission Towers Vandalised In 15 Months – TCN

    Niger: Military Govt Takes Over French-Owned Uranium Firm As Row Escalates

    William Ruto

    Kenya: Parliament Passes Proposed 2025 Finance Law, Denies KRA Access To Taxpayers’ Data

    Nigerian Govt Launches 14-Man Task Team To Tackle Building Collapse Crisis

    Nigerian Govt Launches 14-Man Task Team To Tackle Building Collapse Crisis

    West Africa Wants Energy, Minerals Deals With Washington, But Decries Trump’s Ban

    West Africa Wants Energy, Minerals Deals With Washington, But Decries Trump’s Ban

    junta

    Junta-led Burkina Faso, Mali, Niger To Attend West African Economic Summit In Nigeria 

    Mali’s Junta Takes Over Canadian-Owned Gold Mine In Tax Row

    Mali’s Junta Takes Over Canadian-Owned Gold Mine In Tax Row

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Ruto, AfDB’s Adesina Say Tackling Climate Depends On Africa Debt Fix

October 8, 2023
in Top Stories, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Ebi Kesiena

Kenyan President William Ruto and the heads of two major climate and finance organizations, have stated that the world’s poorest continent won’t be able to deal with climate change without a moratorium on interest payments on foreign debt.

Relatedreading

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

Ruto and his co-writers stated this in an opinion piece published by the New York Times on Sunday.

According to President Ruto, high debt levels built up by African nations during the global pandemic to finance their citizens and economies, have left the continent paying more in loan servicing charges than it needs to invest in climate resilience projects.

“Countries in the West often plead with us to invest in the kind of ambitious resilience projects we need to survive in a warming world. We can’t fix the climate issue unless we fix the debt issue.” the writers said

Ruto wrote the piece with Akinwumi Adesina, the president of the African Development Bank, Moussa Faki Mahamat, chairman of the African Union Commission, and Patrick Verkooijen, chief executive officer of The Rotterdam-based Global Center on Adaptation.

The writers noted that Africa needs $50 billion a year for climate adaptation, citing a Global Center on Adaptation study. That compares with the more than $60 billion that will be paid to service debts this year.

“Africa urgently needs a pause in debt repayments so that it can prepare for a world of ever-greater climate extremes,” they said, calling for such a measure to be discussed at the annual meetings of the International Monetary Fund and World Bank in Marrakesh, Morocco, this week.

In addition to an interest payment pause, they said innovative financing measures such as debt-for-nature swaps should be used to provide the funds needed. That would involve forgiving a portion of a nation’s debt in exchange for it investing in environmental conservation.

“The World Bank and the IMF now recognize that climate change is a new threat to economic and financial stability, they are changing their lending policies in response. But much more needs to be done and we are running out of time to do so.

“Africa is doing all it can to adapt to the consequences of climate change that are not of its making,” they said. “But it cannot adapt alone.” they said.

All their argument is that while they contributed almost nothing to the climate crisis unlike industrialized nations, they are bearing the brunt of its impact.

Tags: breakingHeritageheritage timesheritagetimesmediahtInternational Monetary FundKenyan President William Rutolatestnewsthe heritage timesthehtafricathtthtafricatop storiesWorld Bank
ShareTweetSend
Previous Post

Nigeria’s Ex-President, Jonathan Leads Observation Mission As Liberia Votes

Next Post

Johannesburg: Water Shortages Still Persist In Several Areas

Related Posts

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

June 22, 2025
Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

June 22, 2025

US Bombs Iran’s Three Nuclear Sites

Paris Diamond League: Nigeria’s Amusan Finishes Second In 100m Hurdles

Nigerian Govt Debunks Claims Of Abandonment Of Citizens In Iran

Nigeria’s First Female Fighter Pilot Celebrated In Ghana 

Next Post
S/Africa: Water Scarcity Hits Johannesburg With Reservoirs Critically Low

Johannesburg: Water Shortages Still Persist In Several Areas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Ofili: Nigerian Athlete ‘Moves To Switch Nationality

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

June 22, 2025
Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

June 22, 2025
US Bombs Iran’s Three Nuclear Sites

US Bombs Iran’s Three Nuclear Sites

June 22, 2025
Nigeria’s Amusan To Compete In Jamaica As Athletics Season Kicks Off

Paris Diamond League: Nigeria’s Amusan Finishes Second In 100m Hurdles

June 21, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Ofili: Nigerian Athlete ‘Moves To Switch Nationality

June 22, 2025

Amid Escalated Attacks In Benue, Nigerian Army Deploys 197 Troops To Gambia

June 22, 2025

US Bombs Iran’s Three Nuclear Sites

June 22, 2025

Paris Diamond League: Nigeria’s Amusan Finishes Second In 100m Hurdles

June 21, 2025

Nigerian Govt Debunks Claims Of Abandonment Of Citizens In Iran

June 21, 2025

Nigeria’s First Female Fighter Pilot Celebrated In Ghana 

June 21, 2025

WAFU B Cup: Nigeria, Ghana, Others Get Opponents

June 21, 2025

WAES2025: Liberian Leader Wants ECOWAS’ Door Open To Junta-led Niger, Mali, Burkina Faso

June 21, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In