## Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward

_Selected Issues Papers, May 17, 2024_

## Source details

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## Bibliographic details
- Authors: Can Sever
- Published: May 17, 2024
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798400275456.018

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### Overview and Purpose
- Focuses on trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews related policy and financing options going forward.
- Emphasizes that climate change has been increasingly affecting lives and livelihoods in the WAEMU through rising temperatures and more frequent climate-related disasters in recent decades.
- Highlights that climate change can exacerbate current challenges and hinder long-term economic prospects by threatening economic growth, food security, fiscal and external sustainability, and social outcomes in the region.
- Stresses the continued importance of macroeconomic policies, structural reforms, and cooperation among different parties, alongside regional efforts, to secure necessary financing and bolster adaptation efforts.

### Major Findings and Trends
- Temperatures have risen significantly in the WAEMU.
- Climate-related disasters have hit the region more frequently in recent decades.
- Climate change threatens:
  - economic growth
  - food security
  - fiscal sustainability
  - external sustainability
  - social outcomes

### Policy and Financing Options Reviewed
- Macroeconomic policies remain critical to managing climate-related risks.
- Structural reforms are necessary to enhance resilience and adaptation.
- Cooperation among different parties (domestic, regional, and international) is important to access necessary financing and implement adaptation measures.
- Regional efforts should be complemented by broader policy and financing strategies.

### Publication and Metadata
- Author: Can Sever
- Publication date: May 17, 2024
- Series: Selected Issues Paper No. 2024/015
- Volume: 2024
- Issue: 015
- Pages: 15
- DOI: https://doi.org/10.5089/9798400275456.018
- Stock No: SIPEA2024015
- ISBN: 9798400275456
- ISSN: 2958-7875
- Subjects: Agricultural commodities, Climate change, Climate finance, Commodities, Environment, Food security, International organization, Monetary policy, Poverty
- Keywords: A. climate trend, Agricultural commodities, C. climate adaption, climate adaptation, climate change, climate change in the WAEMU, climate finance, climate-related disasters, financing option, Food security, Global, Sub-Saharan Africa, WAEMU, WAEMU population

*Content derived from "Climate Change in the WAEMU: Trends, Macro-criticality and Options Going Forward" (Selected Issues Papers, 2024).*

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2024/05/16/climate-change-in-the-waemu-548991_