Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns
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An extremely worrying warning for the course of the global economy and the daily lives of hundreds of millions of people comes from the United Nations. Three major threats seem to be converging, creating an explosive mix: increased energy costs, unsustainable government debts and the possibility of a particularly strong El Niño phenomenon, which could cause new … The article Warning – “bombshell” from the UN: Energy, debts and “super-el niño” th…
El Niño, hunger and fuel threaten to cause a "perfect storm", says a report by the United Nations Programme on…More...
The United Nations Development Programme (UNDP) warned that developing countries were facing a triple shock caused by the energy crisis, the El Niño phenomenon, and the rising borrowing costs, calling on the international community to act urgently to provide concessional financing and protect the most vulnerable. Prior to the annual meetings of the IMF and the World Bank in Bangkok this week, UNDP Administrator Alexander de Crowe said that devel…
Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns
UN’s development arm calls for urgent action as crises could ‘throw tens if not hundreds of millions back into poverty’ Developing countries face a triple shock from the energy crisis, El Niño and surging borrowing costs and need urgent support from the international community, the UN’s…
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