Radical reform of the global finance system is urgently needed, and Ireland must play a role, says ActionAid Ireland CEO, Karol Balfe.
A global debt crisis is impacting low-income countries, with many spending more on debt servicing than healthcare or education. ActionAid argues rich countries owe a "climate debt" exceeding the external debt of these nations due to historical exploitation and unmet aid promises. They call for radical reform of the global finance system and for rich countries to pay their fair share to alleviate Africa's debt.
