A new report by ActionAid and Development Finance International (DFI) recommends the cancellation of external debts for climate-vulnerable countries to enable them to fund climate action.

• Climate-vulnerable countries are spending nearly 25 times more on debt repayments than on climate action, with debt servicing absorbing 65% of their combined government revenue.
• ActionAid International, through its Secretary-General Arthur Larok, highlights the strong connection between the debt and climate crises.
• The report lists Kenya among countries with significant debts to China, with Kenya allocating approximately 15.6% of its total national budget to external debt service in the 2025/26 financial year.