Wealthy nations, including Japan, France, Germany, and the U.S., gain billions from a global climate finance program intended to help developing countries. By imposing loan conditions and hiring requirements, these nations divert funds back to their economies, contradicting the program's goals and exacerbating debt in poorer countries.

Related Keywords

World Bank , District Of Columbia , United States , Taiwan , Spain , Switzerland , Japan , Washington , France , Ecuador , China , Panama , Philippines , Paris , France General , United Kingdom , Germany , Guayaquil , Guayas , Britain , German , Panamanian , Japanese , French , Erika Lennon , Simon Stiell , Rachel Kyte , Saori Katada , Kiyofumi Takashima , Andres Mogro , Liane Schalatek , Euan Ritchie , Heike Henn , Sumitomo Corp , International Institute For Environment , Germany Federal Ministry For Economic Cooperation , European Union , University Of Southern California , Development Program , Un Framework Convention On Climate Change , Reuters , European Commission , Oxford University , Sumitomo Mitsui Construction Co , Heinrich Boll Foundation , Germany Ministry For Economic Cooperation , Organisation For Economic Cooperation , Nature Division , Us State Department , Stanford University , Japan Transport Engineering Co , International Environmental Law , French Development Agency , Japan International Cooperation Agency , Economic Cooperation , Big Local News , Ritu Bharadwaj , International Institute , Federal Ministry , Atika Ben Maid , Paris Agreement , Climate Change , Secretary Simon Stiell , Development Initiatives , International Environmental , Southern California ,