Africa: Partnerships - Question

Part of the debate – in the House of Lords at 11:23 am on 14 September 2023.

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Photo of Lord Collins of Highbury Lord Collins of Highbury Opposition Whip (Lords), Shadow Spokesperson (Equalities and Women's Issues), Shadow Spokesperson (Foreign and Commonwealth Affairs and International Development), Shadow Deputy Leader of the House of Lords, Shadow Spokesperson (Cabinet Office) 11:23, 14 September 2023

My Lords, the Africa Climate Summit in Nairobi on 4 September evidenced the determination of African countries to work together to set out a positive agenda for driving green growth. However, the debt burden and rising interest rates increasing the cost of borrowing from capital markets are inhibiting the huge potential for green growth in Africa. What are the Government doing across Whitehall with international partners to reform multilateral development banks so that the growth potential is fully realised?