The Middle East and North Africa (MENA) region is one of the most vulnerable to physical climate change impacts, putting human activities and natural systems at high risk. Immediate action to accelerate adaptation finance is critical to address the climate adaptation gap and lessen or prevent potential climate change risks. 

This report addresses the risks of climate change in the MENA region, the resulting economic impacts, and how banks are currently responding to climate risks. With a focus on Egypt and Morocco, it analyzes the current state of adaptation finance and the barriers to scale up finance for adaptation and resilience in the region. 

The results of this study include recommendations to scale up finance for adaptation and resilience in the region based on desk-based research, a survey of regional banks, and interviews with a sample of commercial and development finance institutions. 

This resource is a regional supplement of the report Adapting to a new climate published in November 2022.