Asian governments have depleted reserves, less capacity to cope with compounding crises

2 Yesterday · 1d ago · 1 article · 1 source · development 2 of 3

Southeast Asia is already beset by an energy crisis triggered by the war in Iran. Governments have been drawing on financial reserves to mitigate higher energy costs and scarce fertilizer supplies, leaving them with less capacity to handle the intensifying El Niño, which is forecast to peak in December.