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Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns

UK trading desk, Time Trade (2026-10-11): Developing countries face a triple shock from the energy crisis, El Niño and surging borrowing costs and need urgent support from the international community,… Primary source: original at The Guardian (theguardian.com).

11 October 2026, 05:03 BST · The Guardian

Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns

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 development arm has warned.

Speaking before the International Monetary Fund (IMF) and World Bank annual meetings in Bangkok this week, the UNDP’s administrator, Alexander De Croo, called for “solidarity and global action”.