Bangladesh, Nepal seek climate finance less prone to debt spirals

Dhaka eyes green and blue bonds as Kathmandu talks with private sector on environmental business

20251125 Bangladesh flooded road

Commuters ride on rickshaws on a flooded road after heavy rains in Dhaka, Bangladesh, in 2023. © Reuters

MASUM BILLAH

BELEM, Brazil -- Bangladesh and Nepal are taking steps to prevent climate change from spiraling into financial crises, as a recent report showed that the two South Asian nations, some of the region's most climate vulnerable, rate highly for climate debt risk.

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