Don't Owe, Shouldn't Pay
Dear Secretary of State,
Climate change is dramatically increasing damage from disasters for small states. Many of these states are already heavily indebted and excluded from global debt relief schemes.
This debt is owed across a variety of creditors, primarily multilateral institutions in which the UK has a large say, and to the private sector in contracts governed by UK law.
Please will you help end the debt spiral caused by climate disasters by working to secure:
• A new comprehensive debt relief scheme for small states to reduce debt to a sustainable level, and ensure remaining debt payments are linked to ability to pay.
• A permanent, effective, automatic debt relief process in response to disasters