47%

In late 2021, the V-20 released the ‘V20 Statement on Debt Restructuring Option for Climate-Vulnerable Nations‘¹.

I’m not sure who told them this would be in their interest. Because it really isn’t.

It’s the same old story. Third world nation is struggling under colossal loads of debt. It’s a matter of when - not if - they will go bankrupt. Naturally, we can’t have that, because think of the poor, starving ‘indigenous peoples’, who live on lands which can be monetised for timber and carbon credits ecosystem services.