Billions of dollars are being loaned on high-interest terms to poor countries seeking help to cope with the impacts of climate breakdown, according to anPoor countries are reported to have received about $60bn of climate finance from rich governments and publicly funded institutions in 2017-18, the latest year for which reliable data is available. Oxfam estimates that the amount that actually reached them was more like $19bn to $22.5bn when interest, repayments and other costs are subtracted.
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