The Executive Board of the International Monetary Fund (IMF) on Friday approved about $1.3 billion as a Resilience and Sustainability Facility (RSF) Arrangement for Côte d’Ivoire. Côte d’Ivoire is highly exposed to climate change through rising temperatures and sea levels as well as rain pattern changes. Economic vulnerabilities to climate change are mostly due to the country’s heavy reliance on agriculture, and the concentration of industrial and services activity in coastal areas. The country has identified priority mitigation and adaptation policies to increase climate resilience in its Nationally Determined Contributions (NDC). The strong collaboration with development partners should ensure complementarity of all actors’ programs to support the country’s reform agenda.

Source: News Business Ethiopia March 16, 2024 13:26 UTC