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

Developing nations are facing a triple threat from an energy crisis, the effects of El Niño, and rising borrowing costs, according to a warning from the UN's development arm. This combination of crises could push tens of millions of people back into poverty, highlighting the need for urgent support from the international community. The warning comes ahead of meetings between the International Monetary Fund and World Bank, where global economic leaders will discuss the impact of these crises on developing countries.

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The UN is warning of a triple shock to developing nations from energy crisis, El Niño and borrowing costs. This could lead to a significant increase in poverty and economic instability in these countries.

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