In the first few hours of the IMF/World Bank annual meetings this week, the subject of climate change has come up again and again.
Our partners in Sub-Saharan Africa live in one of the most natural-resource dependent regions in the world: 70% of people depend on rainfed agriculture; fisheries employ an estimated 25 million people throughout the continent; and wood fuels account for more than 90% of household energy consumption in the region. If developed wisely, natural resources can and will drive Africa’s future growth.
But the challenge of sustainable development is made more difficult by climate change. As the World Bank Vice President for Africa, Obiageli Ezekwesili, has said: “Climate change is a development challenge. You cannot address one without addressing the other.”
Thankfully – there are experiences around the world – including from Africa – that show that climate-smart growth is possible. And we’ll be talking about those experiences this weekend during the IMF/World Bank annual meetings. Africa is ready to test and scale-up climate-resilient development strategies and leverage new financing to leapfrog some of the older technologies that contribute to climate change.
The World Bank is working with African partners on innovative responses to adaptation and mitigation – by building mass transit in Lagos, supporting cross-border water resource planning in the Niger Basin, and making buildings that can withstand cyclones in Madagascar.