The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a 'major threat' to growth and prosperity, IMF Managing Director Kristalina Georgieva said.
IMF MD Kristalina Georgieva said extreme weather events typically cut annual economic growth by 1–2 percentage points per capita.The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a “major threat” to growth and prosperity, IMF MD Kristalina Georgieva said.
Analysis of data spanning the past century showed that temperatures in the region had risen by 1.5° C, twice the global increase of 0.7° C, and already sparse precipitation had become more erratic than in any other region, the IMF report said. She called on all countries to adapt their economies to climate challenges, including through adoption of a steadily rising carbon price, increased green investments and work to ensure a just transition across and within countries.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Middle East ministers hold rare talks in Israel on regional threatsDiscussions focus on Iran and Hezbollah, as well as reviving peace talks with the Palestinians
Read more »
Middle-class South Africans are struggling to make it to the end of the monthTwo years into the Covid-19 pandemic South African consumers are still facing economic challenges, with finances becoming increasingly stretched as people struggle to make it until the end of the month.
Read more »
East Africa bloc becomes $250bn market as Congo joinsThe Democratic Republic of Congo joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean. Moneyweb AfricaNews
Read more »
East Africa bloc becomes $250 billion market as DRC joins | Fin24The Democratic Republic of Congo has joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean.
Read more »
Australia’s east coast lashed by devastating rainsWith 'life-threatening' floods predicted for east coast towns, thousands of Australians evacuate their homes
Read more »
Congo joins East African Community trade bloc - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The East African Community (EAC) trade bloc is set to admit the Democratic Republic of Congo (DRC) as its seventh member on Tuesday, the EAC said, adding a population of 90 million people to its common market.
Read more »