Reform Global Debt Rules So Countries Like Nepal Can Invest in Resilience—Not Just Repay Debt

Reform Global Debt Rules So Countries Like Nepal Can Invest in Resilience—Not Just Repay Debt

• Sunil Babu Pant

In recent years, Nepal has been battered by climate disasters—floods in the Terai, landslides in the hills, and glacial lake outbursts in the Himalayas. Yet as the climate emergency deepens, another quieter but equally devastating crisis looms: debt. Today, more than 60% of low-income countries are either in or at high risk of debt distress,...

In recent years, Nepal has been battered by climate disasters—floods in the Terai, landslides in the hills, and glacial lake outbursts in the Himalayas....