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Author(s): Antony Sguazzin

Cyclones and interest rates fuel an African debt crisis

Source(s): Bloomberg LP
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Climate change-induced natural disasters have combined with surging interest rates to send some of Africa’s poorest countries and their most vulnerable citizens .

This year, cyclones and torrential rains lashed Mozambique, Malawi and eastern South Africa, destroying crops and infrastructure in what’s becoming an annual pattern.

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can’t pay for better roads, bridges and other measures to guard against everything from more frequent floods and droughts to rising sea-levels —  caused by emissions from industrialized nations elsewhere.

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Hazards Cyclone, Hurricane and Typhoon
Themes Economics of DRR Governance
Country and region Africa

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