At the Africa Climate Summit 2, Jess Ayers, CEO of the Quadrature Climate Foundation, emphasized the interconnectedness of debt relief and climate finance for Africa's future.
Speaking at the event in Addis Ababa, Ayers stated that for Africa to achieve a "green and resilient future," debt relief and climate finance must be addressed in tandem.
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"The message is clear: debt relief and climate finance must go hand in hand if Africa is to unlock a green and resilient future. This is about investing in African innovation and leadership that can shape global solutions," Ayers said.
Adding to the discussion, Sara Jane Ahmed, Managing Director of the V20 Group of Finance Ministers of Climate Vulnerable Countries, voiced a similar urgency.
"The message from this space is very clear: Africa has enormous opportunities for new investments, we need to deal with the fiscal space issues and debt solutions need to be on the table sooner rather than later," Ahmed said.
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