Fiji, April 2 -- United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has warned that Samoa faces rising threats to its financial system as climate impacts intensify, with risks now spilling over into banks, public finances and the wider economy.

"Samoa faces escalating climate-related risks that threaten macroeconomic stability, fiscal sustainability and the resilience of its financial system," the report said.

The report makes clear that climate change is no longer a future concern for Samoa, but a current economic risk with direct consequences for financial stability.

"This report examines how physical hazards-such as cyclones, sea-level rise and coastal degradation-and transition risks linked to global d...