August 1, 2021
Markets

What Financial Choices for Africa in the Face of Climate Change?

Sunday, July 04, 2021 /
01:34 AM / 
By
IMF
/ Header Image Credit: Eurasia Review

 

Being Remarks by Tao Zhang, Deputy Managing Director, IMF at the Banque De France – Ferdi – AFD Conference

 

Many thanks to the Banque de France, FERDI, and AFD for organizing this
conference and for giving me the opportunity to speak about the effectiveness
of financial instruments as part of the climate policy toolkit in sub-Saharan
Africa.

 

We all agree that building resilience to climate change is of
paramount importance in the region
.

 

Part of this resilience building involves investments in
climate-resilient infrastructure-
especially in agriculture-which will
reduce the impact of climate shocks and provide a foundation for enduring
economic growth.

 

But climate resilience also requires social spending. Investing
in healthcare and education translates into a more resilient and…

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