Africa needs new climate adaptation financing, says IMF regional head

IMF Africa director Abebe Aemro Selassie: “For the lion’s share of countries in the region, the [economic] challenges are… a result of the cumulative series of exogenous shocks including the impact of Covid-19 and increasingly destructive events related to climate change”

Economic expectations vary across African countries – but what unites them is that they are all “at the brutal receiving end of climate change”, says IMF Africa director Abebe Aemro Selassie.

Abebe Aemro Selassie, director of the IMF’s African department talks about the economic outlook for sub-Saharan Africa, the funding ...

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