GCA working with the International Monetary Fund to enhance adaptation into the Resilience and Sustainability Facility for Senegal
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otterdam, the Netherlands, 27 June 2023 – The Global Center on Adaptation (GCA) announced today that it is providing technical assistance to the IMF to enhance adaptation in Senegal’s US$324 million Resilience and Sustainability Facility (RSF).
The RSF aims to tackle longer-term structural challenges related to climate change and the implementation of climate policies. The RSF will support Senegal’s climate change mitigation objectives, accelerate the country’s climate change adaptation, and support work to mainstream climate change considerations into the budget process.
Tackling climate change challenges is essential for Senegal’s long-term macroeconomic resilience. The country is highly exposed and vulnerable to climate change impacts such as flooding and erosion due to its location on a wide coastal strip. Rising temperatures and decreasing rainfall also threaten the agriculture sector, already stressed by overexploitation and degraded soil.
The RSF-supported reforms aim to strengthen Senegal’s climate resilience and reduce the country’s greenhouse gas emissions.
