Climate Change and the Crisis in the Middle Income Countries

If you look at the developing countries, including many middle income countries, they are facing a perfect storm. They haven't received any special support. There was no debt relief except the suspension for the least developed countries. And we have a number of countries close to the verge of default with consequences that could be terrible for the world economy if we have a wave of defaults. Do not receive any kind of concessional funding from international financial institutions and there is no debt relief for them. Most of them are with high debt, paying more and more high interest rates. And at the same time, without any fiscal space. Now they have prices of food and prices of fuel, extremely and energy in general

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