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UNDP warns rising energy costs drain developing nations' finances
Original: Rising energy costs drain developing nations’ fiscal buffers, UNDP warns
The UN Development Programme warns that surging energy costs are draining the fiscal buffers of developing nations, leaving governments with less room to invest in public services or respond to crises. The agency says many poorer countries are being forced into difficult trade-offs between energy subsidies, debt payments and social spending.
Why now: Global energy price pressures are squeezing government budgets in poorer countries, prompting a warning from a major UN agency.
UNDPUnited Nationsdeveloping nations
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Evidence
- Rising energy costs drain developing nations’ fiscal buffers, UNDP warns · The Arab Weekly
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