Climate costs mount for poorer nations already burdened by debt; Myanmar expected among worst hit

YANGON, May 30 (Bloomberg): Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations risk falling into a "financial debt trap” if they're forced to turn to the markets to cover the mounting costs of climate change.

Six months on, with rates and temperatures rising, his prediction looks prescient.