Last year, difficult global crises re-appeared. The war in Ukraine, climate disasters, and the rising cost of living put to a stop the fragile post-COVID recovery witnessed in 2021. Food and energy prices skyrocketed to historic heights, increasing poverty and food insecurity to alarming levels. Rising interest rates worsened debt burdens, inviting capital flight and currency depreciation in the Global South. Climate disasters worsened, while rising geopolitics continued to disrupt the global trading system.