African sovereign debtors in distress face terrible choices. They are often forced to choose between fully paying their creditors and financing the needs of their populations – health, education, renewable energy, water. Discussions with their creditors focus on financial, economic and contractual issues. The environmental and social impacts of their situation are largely excluded from negotiations.
Thanks to the initiative of some Vanuatan law students, this may be about to change.
Vanuatu is a country consisting of small islands in the south Pacific. It has been ranked as one of the countries most affected by climate change, facing threats of rising sea levels and storm surges.
