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Activists Demand Global Reform at Climate Summit in Spain

  • Deputy Speaker Benjamin Okezie Kalu called for debt-for-development swaps during a Brussels meeting with MEP Fabio De Masi to help alleviate Africa's debt burden.
  • Africa loses over $88 billion annually to illicit financial flows and receives only 3% of global climate finance, highlighting urgent migration and development challenges.
  • Africa loses over $88 billion annually to illicit financial flows, with only 15% of trade intra-continental and 80% of exports raw, hindering development and value chain growth.
  • Deputy Speaker Kalu's call for debt cancellation in Brussels aims to address Africa's $88 billion annual illicit outflows and minimal climate funding, highlighting urgent development needs.
  • The Deputy Speaker of Nigeria’s House of Representatives called for EU-AU debt-for-development swaps during a Brussels meeting, urging reforms and policy alignment with Africa’s development goals.
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The UN Conference on Financing for Development is coming to an end this Thursday in Seville. The Debt for Climate initiative sees its negative expectations met.

Colorado Springs GazetteColorado Springs Gazette
+2 Reposted by 2 other sources
Center

Protesters demand debt cancellation, climate action ahead of UN summit

By David Latona and Silvio Castellanos

·Colorado Springs, United States
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U.S. NewsU.S. News
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islamtimes.comislamtimes.com
Lean Left

Protesters Demand Debt Cancellation, Climate Action Ahead of UN Summit

·New York, United States
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U.S. News broke the news in New York, United States on Sunday, June 29, 2025.
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