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The Economic Times

Economy / The Economic Times

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Developing countries hit by overlapping crises, UNDP chief warns

Rising energy costs and El Nino conditions are challenging developing countries facing financial distress. Governments are struggling to manage high fuel prices and increasing debt levels. Recent UNDP surveys indicate that the crisis is affecting approximately 100 countries and worsening food insecurity. Many nations anticipate that conditions will deteriorate, prioritizing economic health. There is an urgent need for global discussions to address these mounting challenges.

2 Oct 2026 9:40 am