Developing nations are really struggling with there day to day needs, corrupt government officials and a system that exist only to serve the 1%. Add climate change to that mix and now you have a big problem.
No one is pervious to debt trap, a term normally associated with Chinese loans; now imaging this, a
catastrophic storm and flood causing billions of dollar worth of damage in low income nations like Bangladesh, Pakistan, Indonesia and Philippines where minimum income per day is less than $10.
Interestingly Lower-income nations have nations have received finances in the form of loans rather than grants or other forms of assistance. This issue alone has raised discontent among developing nations falling into a new debt trap as a result of such unprecedented scale
COVID-19 and the war in Europe further antagonized low income nations, climate change debt traps maybe the final nail in the coffin. This maybe a part of the Neo-colonization plot the imperialist are trying to ploy to own third world nations without having a military presence in different pockets of the world.