Creecy calls for non-debt instruments to help Africa build climate resiliency

South Africa’s Environment Minister Barbara Creecy has again called for new financial instruments, particularly non-debt instruments, to be pioneered in Africa to assist the continent in overcoming the gaping finance gap that is hindering the building of climate-resilient infrastructure. Speaking during a panel discussion on Scaling International Climate Finance for Africa that took place in parallel to the Africa Climate Summit in Nairobi, Kenya, Creecy argued that the form of the finance available should not lead to the increased debt burden of African and other developing countries.