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Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward
Author:
Can Sever https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Selected Issues Papers
Volume/Issue:
Volume 2024: Issue 015
Language:
English
Publication Date:
17 May 2024
DOI:
https://doi.org/10.5089/9798400275456.018
ISBN:
9798400275456
ISSN:
2958-7875
Pages:
15
Keywords:
WAEMU; climate change; climate-related disasters; climate adaptation; climate finance; financing option; climate change in the WAEMU; A. climate trend; C. climate adaption; WAEMU population; Agricultural commodities; Food security; Sub-Saharan Africa; Global
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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This paper focuses on the trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews the related policy and financing options going forward. Climate change has been increasingly affecting the lives and livelihoods in the WAEMU. Temperatures have risen significantly, and climate-related disasters have hit the region more frequently in recent decades. Climate change can exacerbate the current challenges and hinder long-term economic prospects by threatening economic growth, food security, fiscal and external sustainability, and social outcomes in the region. Macroeconomic policies, structural reforms and cooperation among different parties remain critical alongside regional efforts, in particular to have access to necessary financing and bolster adaptation efforts.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund