WHY CLIMATE CHANGE VULNERABILITY IS BAD FOR SOVEREIGN CREDIT RATINGS
Recent IMF staff research has found that a country’s vulnerability or resilience to climate change can have a direct effect on its creditworthiness, its costs of borrowing, and, ultimately, the likelihood it might default on its sovereign debt.
Serhan Cevik João Tovar Jalles
SUSTAINABILITY
Climate change has made the world a riskier place.
The destruction wrought by heatwaves, droughts, hurricanes, and coastal flooding doesn’t stop with the toll on human lives and livelihoods – it can also have deep consequences for a country’s...
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