WDM is campaigning in solidarity with our allies in the global south to ensure the UK fairly pays the compensation it owes for causing climate change, instead of using it to reinforce existing global inequalities, by propping up the World Bank and forcing new loans onto developing countries.
We are calling on development secretary Andrew Mitchell to stop pushing climate loans on developing countries, loans that will only lock countries into new debt and increased poverty. The UK must end its support for the discredited, undemocratic and unaccountable World Bank, and instead support funds through more democratic institutions such as the UN Adaptation Fund. Finally, we are also calling that the UK uses new money, rather than diverting money from the aid budget as they are currently doing.
The UK’s World Bank climate funds are set to create hundreds of millions of pounds of new Third World Debt for some of the world’s poorest people. Take action with us to stop this outrage. Ecological debt is the next frontier of social economic justice“ – Wahu Kaara, Kenya Debt Relief Network
Take action: write to the Secretary of State for International Development demanding that loans are turned into grants. Order a free campaign pack with ideas of what you can do by emailing climatedebt@wdm.org.uk.
