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Reforming Bretton Woods institutions to achieve climate change and development goals

Reforming Bretton Woods institutions to achieve climate change and development goals
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Climate costs mount for poorer nations already burdened by debt

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…

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