How New York State Could Unlock Billions for Climate Finance ...Middle East

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When Cyclone Mocha swept through Bangladesh in May, some 250,000 people were left in need of food and shelter. Record-breaking flooding the year before affected over 7 million, and heavy rains in 2020 submerged a quarter of the country and killed more than 100 people. Such storms stand to grow even stronger as temperatures rise. As the country figures out how to recover from and respond to future storms in the coming years, it’ll also need to return tens of billions of dollars to its creditors. Bangladesh’s external debt has more than tripled in the last decade, to $96.25 billion. The country is spending 2.5 times more than it spent just four years ago paying back lenders. Amid the Covid-19

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Last updated : 09 June 2023 clock 05:12 PM

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How New York State Could Unlock Billions for Climate Finance ...Middle East

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