Wednesday, October 27, 2021

Uganda's Dilemma

 Uganda had said it would spend $537m between 2016 and 2020, including funds from international agencies and donors, on climate-related projects to adapt the country’s infrastructure and deal with climate emergencies. However, the $107.4m annual budget is dwarfed by external debt payments which will total $739m in 2021, rising to $1.35bn in 2025.

Ausi Kibowa, from the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI), based in Uganda, said: “Owing to the immense financial pressure on Uganda from the debt crisis, the Ugandan government is unable to spend what is need to protect people from the damage inflicted by climate change. Furthermore, it is intensifying fossil fuel extraction in order to pay the debt. To address climate injustice, debt relief must be part of the forthcoming UN climate talks."

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