Climate costs mount for poorer nations already troubled by debt | Antony Sguazzin, Ronojoy Mazumdar & Prinesha Naidoo / Bloomberg

Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations risk falling into a “financial debt trap” if they’re forced to turn to the markets to cover the mounting costs of climate change. Six months on, with rates and temperatures rising, his prediction looks…

Related Keywords

Rwanda ,Maldives ,Nkomazi ,Maputo ,Mozambique ,Indonesia ,Pakistan ,Bangladesh ,Uganda ,Singapore ,Munich ,Bayern ,Germany ,Madagascar ,Congo ,Edwaleni ,Eastern Cape ,South Africa ,Coted Ivoire ,Argentina ,Kenya ,Mlumati ,South Africa General ,Pakistani ,Ivory Coast ,Guillem Sartorio Bloomberg ,Luma Ramos ,Aminath Shauna ,Sabelo Shabangu ,Thobani Lubisi ,Bloomberg Barclays ,Shehbaz Sharif ,Rebecca Ray ,Matthew Hill ,Janet Paskin Bloomberg ,Boston University ,International Fund For Agricultural Development ,Moody ,International Monetary Fund ,United Nations ,Moody Investor Service ,World Bank ,Foods Ltd ,Boston University Global Development Policy Center ,Pakistani Prime Minister Shehbaz Sharif ,Southeast Africa ,Southeast Asia ,Cyclone Mocha ,Boston University Global Development Policy ,Dwaleni Farm ,Mlumati River ,International Fund ,Agricultural Development ,Climate Change ,World Weather Attribution ,Cyclone Idai ,Investor Service ,Cyclone Freddy ,Norbert Ling ,Portfolio Manager ,Invesco Asset Management ,Akwandze Agricultural Finance ,