THE past three years have served as a harsh reminder that global crises – whether related to geopolitics, nature or economics – affect the poor disproportionately.
Research shows that countries with low gross domestic product per capita are at greater risk of suffering loss and damage from global warming. The World Bank, meanwhile, warned last year that the combined hits of the pandemic, rising inflation and the Ukraine war will push 75 million to 95 million more people into extreme poverty than it projected pre-pandemic.
This message is especially relevant in Asia, where some 180 million people are still living in extreme poverty on less than US$2.15 a day.
There is, therefore, a tremendous...
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