Finance Ministers call for change to development finance architecture to fight climate crisis and address debt vulnerabilities
At their annual meeting, Commonwealth Finance Ministers were urged to take action to change the current development finance architecture, enhance access to finance for countries vulnerable to climate change and address debt sustainability.
Chairing this year’s virtual 2021 Commonwealth Finance Ministers Meeting (CFMM), the Rt Hon Gaston Browne, Prime Minister of Antigua and Barbuda said: “It is high time that climate vulnerability is included in the allocation of concessional finance.