The International Monetary Fund (IMF) has estimated that Côte d'Ivoire's financing needs to combat the impacts of climate change amount to $22 billion over eight years starting from 2022. This information stems from a report released by the institution on April 22.
According to the IMF, these requirements are divided into two categories: $12 billion for implementing adaptation measures and $10 billion for mitigating the effects of climate change. The institution reported that the country loses around $80 million annually, approximately 0.11% of its GDP, due to flooding. Rising temperatures and sea levels impact various economic sectors, notably agriculture, which contributes 17% to the GDP.
In response to this challenge, Ivorian authorities have committed to implementing several initiatives with development partners to reduce greenhouse gas emissions by 30.41% by 2030. For instance, the IMF approved a $1.3 billion aid program in February under the Resilience and Sustainability Facility (FRD) to support reforms aimed at combating climate change and mitigating its consequences.
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
(SMART AFRICA) - Smart Africa Board Validates Digital Health Blueprint to Build a Single Digital Health Market - Historic decision on sidelines of...
ANA signs a cooperation agreement with Canada’s Cégep de la Gaspésie et des Îles. Partnership covers training, research, species diversification, and...
Nigeria and Sierra Leone signed two major digital cooperation agreements on November 21–22 during the Nigeria–Sierra Leone Digital Economy Mission in...
West and Central African nations target 40% local hosting of government-critical data by 2028. Regional Internet exchanges and harmonized cybersecurity...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...