Developing countries hit hard by overlapping crises, UNDP chief warns

Rising energy costs, a super El Niño and soaring borrowing costs are increasing pressure on developing countries, with conditions nearing those of the pandemic when the G20 suspended debt payments for the poorest nations, the UN Development Programme (UNDP) said on Friday. Global policymakers are expected to discuss the huge challenges facing developing countries at the annual meetings of the International Monetary Fund (IMF) and World Bank in the Thai capital Bangkok from...