Rising food and fuel prices and tightening finance can have significant effects on their own. Still, they can also feed into each other, creating vicious cycles of poverty, hunger, and inequalities. This catastrophe has been years in the making. However, the impact is much worse for low and lower-middle-income countries that are still reeling from the inequitable economic consequences of two years of limited trade and travel due to the pandemic, burgeoning unsustainable debt, and growing risks of economic recession in 2023.

What is the solution to this triple-threat crisis? At a time when our world is so divided, how can we cushion the impact for the most vulnerable? Can international multilateral institutions rise to the challenge, or will countries have to rely on their own resources? How does this feed into the vicious cycle of rising inequality and poverty? What can be done in the short, medium, and long term, to tackle this ‘triple threat’?