This report highlights the state of climate risk regulation in Africa’s financial sector and presents an analysis of the financial stability architecture and climate risk initiatives in 12 selected deep-dive countries. It also highlights challenges hindering the integration of climate risk by financial sector authorities in Africa and offers potential areas of support for the key stakeholders in the finance ecosystem (authorities, private sectors, other institutions).

The publication was commissioned by the AfDB/AFAC in partnership with the GCA and UNEP FI, with analytical support from McKinsey & Company.