Report
UNDP chief warns Iran war shock and other crises could push millions into poverty
The Straits Times, citing AFP, reports de Croo says repeated crises have limited developing countries' ability to sustain energy subsidies.
TLDR
The Straits Times, citing AFP, reports UNDP chief Alexander de Croo warned that war-driven energy costs, El Niño and higher interest rates could push millions into poverty. UNDP estimates about 130 million people could fall into poverty in 2026 if higher food and energy prices are fully passed on without subsidies. The agency says people in South and East Asia and sub-Saharan Africa are at particular risk.
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