The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, IMF MD Kristalina Georgieva says.
IMF chief cites droughts in North Africa, Somalia and Iran, epidemics and locusts in the Horn of Africa and severe floods in the Caucasus and Central Asia as examplesWashington — 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.
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