Allow me to share my second ADB blog written by John Beirne, Donghyun Park and Gazi Salah Uddin. Based on our recent joint ADB Economics working paper:
Climate risks significantly affect fiscal space, with sovereign bond yields and debt ratings highlighting the financial strain. Political stability and financial development emerge as critical mitigating factors, underscoring their importance for long-term fiscal resilience.
The rest of the blog is available on blogs.adb.org.
