Written question asked by Baroness Ritchie of Downpatrick (Labour) on Thursday, 3 July 2025, in the House of Lords. It was due for an answer on Thursday, 17 July 2025. It was answered by Baroness Chapman of Darlington (Labour) on Monday, 14 July 2025 on behalf of the Foreign, Commonwealth and Development Office.
Developing Countries: Climate Change and Debts
- Question
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To ask His Majesty's Government what tangible steps they will take to fulfil their manifesto pledges on tackling unsustainable debt for developing nations and unlocking climate finance, following reductions made to Official Development Assistance.
- Answer
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We are working with all our partners to tackle unsustainable debt and ensure all countries can invest and grow. The Economic Secretary (EST) is co-chairing the 'London Coalition on Sustainable Sovereign Debt', launched in June to work with private creditors on sovereign debt issues, and at the Fourth Conference on Financing for Development, the UK co-led the launch of the Debt Pause Clause Alliance. We continue to drive progress in the G20 on strengthening and accelerating debt restructurings via the G20 Common Framework.
The UK is committed to playing our part alongside other developed countries and providers to deliver our international climate finance commitments, including through our shareholdings at the Multilateral Development Banks (MDBs), the largest providers of public climate finance. We are also pushing for new sources of funding such as agreement on the International Maritime Organisation's Net Zero Framework alongside efforts to mobilise more private capital.
Secondary information
- Type
- Written question
- Reference
- HL9091
- Session
- 2024-26
- Related items
- Subjects
- Debts Climate change Developing countries Finance
- Link
- View this Written question on www.parliament.uk
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- Timestamp
- 2026-01-05 09:41:16 +0000
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