IMF and World Bank are urged to boost funding for African nations facing conflict and climate change

IMF and World Bank are urged to boost funding for African nations facing conflict and climate change

Many poor countries in Africa face the harshest effects of climate change: severe droughts, vicious heat and dry land, but also unpredictable rain and devastating flooding. The shocks worsen conflict and upend livelihoods because many people are farmers — work that is increasingly vulnerable in a warming world.

Climate challenges are at the root of vulnerabilities faced by conflict-ridden countries in Africa’s Sahel region, such as Burkina Faso, Chad, Mali, Niger and northern Nigeria, experts say. Adapting to these challenges could cost up to $50 billion per year, according to the Global Commission on Adaptation, while the International Energy Agency estimates the clean energy transition could cost as much as $190 billion a year — overwhelming costs for Africa.

Countries have limited space in their budgets, and borrowing more to fund climate goals will worsen their considerable debt burdens, argue African leaders, who are seeking a rapid boost in financing.