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Tag Archives: climate shock

Why Climate Change Vulnerability Is Bad for Sovereign Credit Ratings

By Serhan Cevik and João Tovar Jalles عربي, 中文, Español, Русский  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 finances. 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,...

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