Mr. Speaker, I rise today to present a petition on behalf of citizens and residents of Canada concerning the global debt crisis and its impact on development and climate action. The petitioners note that many lower-income countries are spending more on debt repayments than on a number of other priorities.
Therefore, the petitioners call on the Government of Canada to review and cancel unsustainable bilateral debts, to advocate for global financial reform and a United Nations framework on sovereign debt, and to increase the grants-based portion of Canada's climate finance, particularly for adaptation, loss and damage.