Dhaka, Dec. 16 -- In the serious tapestry of modern global economy, few issues are as pressing and complex as the intertwining of debt sustainability and climate financing demands. For developing nations, particularly those on the frontline of climate change, this issue has become a profound challenge that requires urgent attention and innovative solutions.

Imagine a country like Bangladesh, which lies vulnerable to the wrath of climate change. The nation faces relentless storms, rising sea levels, and unyielding floods that threaten its very existence. The government understands the need to adapt-constructing barriers against floods, investing in renewable energy, and implementing sustainable farming practices. But these ambitious under...