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मालदीव, हिंद महासागर में चीन के साथ रद कर सकता है समझौता
भारत के मित्र देश मालदीव ने चीन को बड़ा झटका देने की तैयारी कर ली है। मालदीव, चीन के साथ एक बड़ी संधि (Deal) रद कर सकता है। मालदीव ने चीन के साथ हिंद महासागर में एक वैधशाला (ऑब्जरवेटरी) बनाने के लिए समझौता किया था। खबरों के मुताबिक अब मालदीव, चीन के साथ अपने इस समझौते को तोड़ सकता है। ये समझौता रद होना चीन के साथ भारत के लिए बड़ी जीत के तौर पर देखा जाना चाहिए।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20577-2019-06-18-04-50-53
#Maldives #Indian #Indiasfriendly #Pakistan #AbdullahYameen

अमेरिका और फ्रांस से हुए समझौतों से भारतीय नौसेना को लाभ
अमेरिका और फ्रांस के साथ हुए समझौतों से भारतीय नौसेना को हाल के वर्षो में काफी लाभ हुआ है। इन समझौतों से भारतीय नौसेना को हिंद महासागर के दूरस्थ इलाकों और अदन की खाड़ी में ईंधन, सूचनाएं और अन्य तरह का सहयोग हासिल होने लगा है। वरिष्ठ नौसेना अधिकारी के अनुसार दोनों देशों के साथ हुए समझौतों से भारतीय युद्धपोत हिंद महासागर, अदन की खाड़ी और फारस की खाड़ी में आसानी से अपने मिशन पूरे कर रहे हैं।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20576-2019-06-18-04-50-44
#IndianNavy #France #PersianGulf #NarendraModi #India

हथियारों की आपूर्ति में भारत को प्राथमिकता देगा अमेरिका
अमेरिकी संसद के दो सीनियर सेनेटर्स ने यूएस आर्म्ड कंट्रोल्स एक्सपोर्ट ऐक्ट में संशोधन का प्रस्ताव सदन में पेश किया है। इसके तहत भारत को भी नाटो देशों के समान दर्जा दिए जाने का प्रस्ताव रखा गया है। इससे भारत इंटरनैशनल ट्रैफिक इन आर्म्स रेग्युलेशन लिस्ट में अमेरिका के नाटो सहयोगियों की बराबरी पर आ जाएगा। फिलहाल अमेरिका की इस लिस्ट में इजरायल, ऑस्ट्रेलिया, न्यू जीलैंड और दक्षिण कोरिया शामिल हैं।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20575-2019-06-18-04-50-32
#America #NATO #NewZealand #ForeignMilitarySales #InternationalTraffic #ArmsRegulation

US-India ties on upward trajectory
The US and India have strengthened their ties in a number of key areas like defence, counter-terrorism, trade and energy over the years and would continue to take the cooperation to "new heights".
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20581-us-india-ties-on-upward-trajectory
#India #IACCGH #leading power #US #naturalallies #AtalBihari #MTCR

Bitcoin use causing huge CO2 emissions
The use of Bitcoin -- a popular virtual currency -- emits over 22 megatonnes of carbon dioxide annually, comparable to the total emissions of cities such as Las Vegas and Vienna, a study has found. Researchers from Technical University of Munich (TUM) in Germany carried out the most detailed calculation of the carbon footprint of the Bitcoin system to date.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20580-bitcoin-use-causing-huge-co2-emissions
#Bitcoin #CO2 #BTC #MIT #emissions #TechnicalUniversityofMunich

ADB approves infrastructure projects
The Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore to develop infrastructure in seven district headquarter towns of Tripura. The ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20579-adb-approves-infrastructure-projects
#ADB #DEA #Asia #AsianDevelopmentBank #PFR #infrastructure

Facebook to unveil new cryptocurrency
Facebook is set to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of “blockchain” technologies such as bitcoin.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20578-facebook-to-unveil-new-cryptocurrency
#Facebook #cryptocurrency #Libra #blockchain #Uber #Visa #bitcoin
ईरान ने संवर्धित यूरेनियम भंडार की तय सीमा तोड़ी
ईरान ने वैश्विक शक्तियों के साथ उसके परमाणु समझौते के तहत तय की गई संवर्धित यूरेनियम भंडारण की सीमा तोड़ दी है। यह जानकारी विदेश मंत्री जवाद जरीफ ने दी। इसके साथ ही माना जा रहा है कि ईरान पी5+1 और यूरोपीय संघ के साथ 2015 में हुए ऐतिहासिक समझौते को तोड़ने की दिशा में आगे बढ़ गया है जिस दौरान यूरेनियम भंडारण की सीमा तय की गई थी। उधर, परमाणु कार्यक्रमों पर नजर रखने वाली संयुक्त राष्ट्र की एजेंसी IAEA ने भी ईरान के इस कदम की पुष्टि कर दी है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20745-2019-07-02-05-06-34
#Iran #JawabJaffar #nuclear #IAEA #DonaldTrump #uranium #EuropeanUnion

BRI से मुकाबला
चीन का बॉडर रोड इनिशिएटिव (BRI) जहां अपने तय पैमाने और अपनी महात्वाकांक्षा से पिछड़ता दिख रहा है, वहीं भारत रियायती लाइन्स ऑफ क्रेडिट (LOC) पर आधारित विकासात्मक सहयोग साझीदारी के तहत 63 देशों में आर्थिक परियोजनाओं पर काम कर रहा है। मौजूदा समय में 63 देशों को 279 लाइन्स ऑफ क्रेडिट दिया गया है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20744-bri
#BRI #LOC #China #VMuralidharan #India #economic #BoulderRoadInitiative

अफस्पा के तहत पूरा नगालैंड 'अशांत' घोषित
अफस्पा के तहत पूरे नगालैंड को और छह महीनों (दिसंबर अंत तक) के लिए 'अशांत क्षेत्र' घोषित कर दिया गया। सशस्त्र बल (विशेषाधिकार) कानून (AFSPA) के तहत सुरक्षा बल कहीं भी कार्रवाई और बिना पूर्व नोटिस किसी को भी गिरफ्तार कर सकते हैं। नगालैंड में कई दशकों से अफस्पा लागू है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20743-2019-07-02-05-06-12
#AFSPA #turbulent #Nagaland #disturbedarea #JammuandKashmir

Teachers reservation bill Passed
Lok Sabha on 1 July 2019 passed a bill that proposes to make university or college as a unit instead of department for the purpose of providing reservation for filling teachers posts in central education institutions.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20750-teachers-reservation-bill-passed
#SC #EWS #LokSabha #ScheduledCaste #AllahabadHighCourt #NarendraModi

Assam NRC date extended
The government has given the process an extension of one month. The final list of National Register of Citizens in Assam was to be published on July 1. It will now be published on July 31.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20749-assam-nrc-date-extended
#Assam #NRC #India #HimachalPradesh #citizens

ILO report on Climate change
As climate change worsens, growing heat stress on workers in agriculture and other sectors will cause a productivity loss equal to 80 million full-time jobs over the next decade, the UN warned 1 July 2019. A report from the International Labour Organization estimated that in 2030, 2.2 percent of total working hours worldwide will be lost because of higher temperatures.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20748-ilo-report-on-climate-change
#ILO #agriculture #Organization #worldwide #Asia

Iran breaches stockpile limit
Dubai | Vienna: Iran has breached the limit of its enriched uranium stockpile set in a 2015 deal with major powers, foreign minister Mohammad Javad Zarif said on 1 July 2019, according to the ISNA news agency, defying a warning by European co-signatories to stick to the deal despite US sanctions.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20747-iran-breaches-stockpile-limit
#Iran #UF6 #IAEA #MohammadJavadZarif #ISNA #stockpile #Dubai

Garuda Exercise
Indian Air Force (IAF) landed at Mont-de-Marsan Air Base in France to participate in the two-week ‘Garuda’ exercise with the French Air Force starting on 1 July 2019.
According to the embassy of France, as part of their Indo-Pacific cooperation, the fortnight-long Garuda exercise, will take place at Mont de Marsan (southwest of France).
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20746-garuda-exercise
#GarudaExercise #IAF #India #IndianAirForce #C135 #aircraft
डीएनए प्रौद्योगिकी (उपयोग एवं अनुप्रयोग) विनियमन विधेयक 2019
केंद्रीय विज्ञान एवं प्रौद्योगिकी मंत्री डॉ. हर्षवर्धन ने ‘’डीएनए प्रौद्योगिकी (उपयोग एवं अनुप्रयोग) विनियमन विधेयक–2019’’ लोकसभा में पेश किया। विधेयक प्रस्‍तुत करते हुए डॉ. हर्षवर्धन ने कहा कि यह विधेयक गुमशुदा व्‍यक्तियों, पीडि़तों, दोषियों, विचाराधीन कैदियों और अज्ञात मृत व्‍यक्तियों की पहचान के लिए ’डीएनए प्रौद्योगिकी के उपयोग एवं अनुप्रयोग के विनियमन से संबंधित है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20834-2019-38
#DNA #RegulationBill2019 #LokSabha #DrHarshVardhan #RegulatoryBoard

कश्‍मीर पर UNHRC की रिपोर्ट
जम्मू-कश्मीर पर संयुक्त राष्ट्र मानवाधिकार कार्यालय (OHCHR) की एक रिपोर्ट से भारत सख्‍त नाराज है। वहीं पाकिस्‍तान इस पर इतराया हुआ है। भारत ने इस रिपोर्ट को पूरी तरह से खारिज करते हुए इसे मनगढ़ंत करार दिया है। सरकार की तरफ से कहा गया है कि यह रिपोर्ट पूरी तरह से झूठ और राजनीति से प्रेरित है। भारत का तर्क है
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20833-unhrc
#Pakistan #UNHRC #OHCHR #India #Kashmir #RavishKumar #terrorist

2020 में देश के पहले विमान वाहक पोत का बेसिन ट्रायल
भारत में बन रहे स्वदेशी विमानवाहक पोत के निर्माण का कार्य तेजी से चल रहा है और मार्च 2020 तक यह बेसिन ट्रायल (कम गहरे पानी में परीक्षण) के लिए पानी में उतारा जा सकता है। इसके बाद पोत का सी ट्रायल (समुद्र के गहरे पानी में परीक्षण) होगा। इस पहले स्वदेशी विमानवाहक पोत का नाम आइएनएस विक्रांत होगा।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20832-2020-3
#aircraft #BasinTrial #INS #Vikrant #AKSaxena #IndianNavy #AdmiralSaxena #AdmiralSaxena

Integrated Teacher Education Programme (ITEP)
The Central Government has introduced a 4-year Integrated Teacher Education Programme (ITEP) for pre-service training, to offer graduation with certain specializations built into it namely Primary and Secondary Education. In this regard, a Gazette Notification dated 29th March, 2019 has been published and applications have been invited from 3rd June, 2019.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20838-integrated-teacher-education-programme-itep
#ITEP #NCERT #SSA #RTE #PGI #OECD #NIEPA #RMSA

Global Study on Homicide 2019
Asia, which accounts for 60% of the global population, recorded the lowest rate of homicide in 2017 with only 2.3 killings per 1,00,000 people while the Americas had the highest homicide rate, according to a UN report.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20837-global-study-on-homicide-2019
#GlobalStudy #Homicide2019 #Asia #UNODC #worldwide

FAME India Scheme
The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster adoption of electric vehicles and their manufacturing in the country. As part of the NEMMP 2020, Department of Heavy Industry formulated a Scheme viz.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20836-fame-india-scheme
#FAME #India #NEMMP #FAMEIndia #CO2 #manufacturing #hybrid

Iran breaches limit in nuclear deal
Iran on 8 July 2019 began enriching uranium to 4.5%, just breaking the limit set by its nuclear deal with world powers, while it is still seeking a way for Europe to help it bypass U.S. sanctions amid heightened tensions between Tehran and Washington.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20835-iran-breaches-limit-in-nuclear-deal
#Iran #nuclear #Europe #IAEA #DonaldTrump #Organization #AtomsforPeace
Govt cuts corporate tax to spur investment
The government on 20 September 2019 issued an ordinance to reduce the corporate tax rate for domestic firms and new manufacturing units by 10 to 12 percentage points, effectively bringing India’s tax rates on par with its competing Asian peers.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21522-govt-cuts-corporate-tax-to-spur-investment.html
#NirmalaSitharaman #corporate #tax #MAT #FPIs #manufacturing

Gandhi Solar Park in UN
In a first of its kind symbolic effort by India at the UN, Prime Minister Narendra Modi will inaugurate a 50KW ‘Gandhi Solar Park’ next week during his visit to the world organisation, a gesture that highlights India’s willingness to go beyond the talk on climate change.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21521-gandhi-solar-park-in-un.html
#UN #GandhiSolarPark #NarendraModi #NGO #ECOSOC

Deciphered skull from DNA
Scientists say they’ve deciphered features of the skull and some other details of a mysterious, extinct cousin of Neanderthals by analyzing its DNA.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21520-deciphered-skull-from-dna.html
#DNA #Neanderthals #China #Deciphered #brilliantandoriginal

Asia’s first Rugby World Cup
The first Rugby World Cup in Asia kicked off on 20 September 2019 at a packed Tokyo Stadium, as the game seeks to tap into a new fan base beyond its traditional heartlands in Europe and the southern hemisphere.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21519-asia-s-first-rugby-world-cup.html
#RugbyWorldCup #Asia #Olympics #YuryKushnarev

Right to access internet is part of RTE
Responding to a writ petition by a student of a college in Kerala challenging restrictions on usage of cell-phone in the hostel, the Kerala High Court ruled on 19 September 2019 that right to access the internet ‘becomes the part of right to education and right to privacy under Article 21 of the Constitution of India.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21518-right-to-access-internet-is-part-of-rte.html
#RTE #HumanRightsCouncil #Kozhikode #UnitedNations
Ficci study on commodity storage
India, which is currently witnessing a spike in retail onion price on tight supply, should explore low-cost modern technology models from countries like Israel and Brazil for storing the commodity, industry body Ficci said on 8 November 2019.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21930-ficci-study-on-commodity-storage.html
#Ficci #TOP #Budget #IITs #ICAR #NAFED #Israel

India Justice Report 2019
Karnataka is ranked sixth among 18 big and mid-sized states when it comes to justice delivery, with Maharashtra and Kerala topping the list and Uttar Pradesh, the most populous state ranked last, the India Justice Report (IJR) 2019 says.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21929-india-justice-report-2019.html
#India #IJR #DAKSH #UTs #TISS #IndiaJusticeReport2019 #Maharashtra

UNGA votes against Cuba
The UN General Assembly voted overwhelmingly on 7 November 2019 to condemn the American economic embargo of Cuba for the 28th year, rejecting US criticism of human rights violations there and criticising the Trump administration's increasingly tough enforcement measures.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21928-unga-votes-against-cuba.html
#UNGA #Israel #JairBolsonaro #FidelCastro

BIMSTEC conclave
Three agreements have been signed between Ranong Port (Thailand) and port trusts of Chennai, Visakhapatnam and Kolkata, with an aim to reduce sea travel time between the two countries to more than a half.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21927-bimstec-conclave.html
#BIMSTEC #MoUs #Thailand #Kolkata #ActEastPolicy

Wealth of global billionaires fell
The world’s billionaires saw their collective fortunes dip in 2018 for the first time in three years, erasing $388 billion of their net worth. Asia was hardest hit, as slowing growth in China and rising US interest rates resulted in an 8% wealth drop among that continent’s richest people, according to the UBS/PwC Billionaires Report released on 8 November 2019.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21926-wealth-of-global-billionaires-fell.html
#Wealth #UBS #EMEA #APAC #PwC #GlobalWealthManagement #Asia
SEZs deemed to be multi-sector SEZs
The central government has notified that all notified and existing Special Economic Zones (SEZs) shall be deemed to be multi-sector economic zones. This would release land parcels in single commodity SEZs for other sectors.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22400-sezs-deemed-to-be-multi-sector-sezs.html
#SEZs #EPZ #amendment #Asia #TamilNadu #manufacturing

Threat to outer space security
Rising space power China on 23 December 2019 attacked the newly created US Space Force as a "direct threat to outer space peace and security". Foreign ministry spokesman Geng Shuang told reporters that China is "deeply concerned about it and resolutely opposed to it".
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22399-threat-to-outer-space-security.html
#SpaceForce #DRDO #satellite #orbit #OST #BNSS

What is Wi-Fi calling?
Wi-Fi calling is the buzz word in the Indian telecom industry right now. Airtel has already launched its Wi-Fi calling service in the country (available only in some areas for now), while Reliance Jio is still testing it in some circles and is expected to announce it very soon.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22398-what-is-wi-fi-calling.html
#WiFiCalling #RelianceJio #TamilNadu #telecom #Indiantelecom

China, South Korea, Japan meet
The leaders of China, Japan and South Korea are holding a trilateral summit in China this week amid feuds over trade, military maneuverings and historical animosities. Most striking has been a complex dispute between Seoul and Tokyo, while Beijing has recently sought to tone down its disagreements with its two neighbors.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22397-china-south-korea-japan-meet.html
#China #THAAD #Asiantroika #ShinzoAbe #Japan #nuclear
BRI 'seriously affected' by Covid-19
About 20 percent of projects under China's ambitious Belt and Road Initiative (BRI) to link Asia, Europe and beyond have been "seriously affected" by the coronavirus pandemic, an official from China's Ministry of Foreign Affairs said on 19 June 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23995-bri-seriously-affected-by-covid-19.html
#BRI #seriouslyaffected #Covid-19 #Asia
Today's Headlines - 01 August 2023
Key takeaways of WMO report
GS Paper - 3 (Environment)

According to a new report, released by the World Meteorological Organization (WMO), Asia is the world’s most disaster-prone region and it experienced 81 weather, climate and water-related disasters in 2022. These events directly affected more than 50 million people with about 5,000 getting killed and economic damage worth $ 36 billion, the report added. Although, in 2021, the continent had been affected by around 100 natural disasters, the extent of these hazards was more prominent in 2022 — the number of people and facilities affected, and economic damage has increased.

What are the key takeaways from the report?

According to the report, while the mean temperature over Asia in 2022 was about 0.72 degree Celsius above the 1991–2020 average, it was about 1.68 degree Celsius above the 1961–1990 average.
This rise in temperatures has had some severe fallouts, including an uptick in the occurrence of extreme weather events.
For instance, droughts ravaged numerous parts of Asia in 2022. China particularly suffered the most as last year, the Yangtze River Basin, located in the country’s southwest, experienced the worst drought in the last six decades.
This not only affected crops and vegetation, as well as the drinking water supply but also caused an economic loss of about $ 7.6 billion.
Many other regions were hit by severe floods and extreme monsoon rainfalls. Pakistan is the most notable example – it received 60 percent of normal total monsoon rainfall within just three weeks of the start of the 2022 monsoon season, and the heavy rains resulted in urban and flash floods, landslides, and glacial lake outburst floods across the country.
More than 33 million people were affected, over 1,730 people died and almost eight million people were displaced, according to the report.
Apart from natural disasters, climate change has exacerbated glaciers melting in Asia due to high temperatures and dry conditions.
Four glaciers in the High Mountain Asia region, centred on the Tibetan Plateau, have recorded significant mass losses, with an accelerating trend since the mid-1990s.
At the same time, these four glaciers show an overall weaker cumulative mass loss than the average for the global reference glaciers during the period 1980–2022.
Even thesea surface temperatures in Asia are getting warmer than ever before. The report pointed out that in the north-western Arabian Sea, the Philippine Sea and the seas east of Japan, the warming rates have exceeded 0.5 degree Celsius per decade since the 1980s. It is about three times faster than the global average surface ocean warming rate.

India in report

In India, heavy rainfalls “lasting from May to September triggered multiple landslides and river overflows and floods, resulting in casualties and damage”.
In total, this flooding resulted in over 2,000 deaths and affected 1.3 million people — the disaster event caused the highest number of casualties of any disaster event in 2022 in India.
The report also said economic loss due to disasters relating to floods exceeded the average for the 2002–2021 period. Pakistan incurred a loss of over $ 15 billion, followed by China, over $ 5 billion, and India, over $ 4.2 billion.
Another extreme weather event that became a mainstay in Asia last year was heat waves.
The report noted that India and Pakistan experienced “abnormally warm conditions” in the pre-monsoon season (March–May), the report mentioned. China, Hong Kong and Japan also saw the mercury rising to record high levels in 2022.

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Today's Headlines - 24 August 2023
Poor nations forced to rely on fossil fuels
GS Paper - 3 (Energy)

Poor countries with heavy debts have been forced to continue to rely on fossil fuels for generating revenue to return the loans taken from richer countries and private lenders to meet various economic exigencies like the pandemic three years ago, a new report said. These countries, mostly in the global south, may find it impossible to phase out fossil fuels and transition to renewable energy as revenues from fossil fuel projects “are often overinflated and require huge investments to reach expected returns, leading to further debt”.

What is the “debt-fossil fuel trap”?

The report, ‘The Debt-Fossil Fuel Trap’, published on 21 August 2023 by the anti-debt campaigners Debt Justice and partners in affected countries.
The global south — a term used for developing, less developing and underdeveloped countries, located in Africa, Latin America, and Asia — countries are increasingly being burdened by enormous debts in recent years.
Their “external debt payments (money borrowed from richer countries, or multilateral creditors like the World Bank and IMF, or private lenders such as banks) has gone up by 150% between 2011 and 2023, reaching their highest levels in 25 years”, said the report.
Moreover, 54 countries are in a debt crisis — they had to cut their public sending budgets during the pandemic to repay the loans, the analysis found.
The situation is worsened by extreme weather events, which force these countries to borrow more money as they lack adequate finances and resources for adaptation, mitigation and tackling loss and damage.
For instance, Dominica’s debt as a percentage of GDP rose from 68% to 78% after Hurricane Maria hit the island in 2017.
To deal with the mounting debts, these countries have turned to extracting more fossil fuels.
The country’s strategy to reduce debt may end up adding to debt levels without generating adequate revenue to repay, which could force Argentia to further expand its fossil fuel projects, the report added. This is known as the “debt-fossil fuel trap”.
Ending the high debt burdens

The report has laid out a few recommendations to help global south countries exit the “debt-fossil fuel trap”.
It said clean energy, wealthy governments and institutions must implement “ambitious debt cancellation for all countries that need it, across all creditors, free from economic conditions.
They should also stop accepting repayments made through fossil fuel projects’ revenue.
Meanwhile, “Bilateral and multilateral finance should be aligned with a 1.5 degree warming scenario and fair shares calculations, and not be used to finance fossil fuels.

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