Trésor-Info - Publications de la direction générale du Trésor - africaFlux de publication de la direction générale du Trésor - africaFluxArticlesTag-africaCopyright 20262024-03-25T00:00:00+01:00/favicon.pngDirection générale du Trésorhttps://localhost/sitepublic/contact@dgtresor.gouv.fr06fa22fc-cf83-4436-add6-92d2816c4270Economic wrap-up of Southern Africa - week 12Economic wrap-up of Southern Africa from 18 to 22 March 2024, written by the Pretoria Regional Economic Service2024-03-25T00:00:00+01:00<ul type="disc">
<li><strong>Botswana : </strong>S&P agency maintains BBB+ sovereign rating (<em>S&P Global Ratings</em>)</li>
<li><strong>South Africa :</strong> Central Bank management team reappointed (<em>Resbank</em>)</li>
<li>Inflation rises slightly in February (<em>StatsSA</em>)<u> </u></li>
<li><strong>South Africa :</strong> Inflation rises slightly in February (<em>StatsSA</em>)<u> </u></li>
<li><strong>South Africa :</strong> Opening up Transnet's rail and port infrastructure to the private sector takes shape (<em>BusinessDay</em>)</li>
<li><strong>South Africa :</strong> Gauteng province under water stress (<em>Engineering News</em>)</li>
<li><strong>South Africa :</strong> Orange Marine ship sent to repair submarine cable cut that slowed internet traffic in sub-Saharan Africa (<em>My BroadBand</em>)</li>
<li><strong>South Africa :</strong> Markus Jooste, former CEO of Steinhoff, commits suicide (<em>Business Day</em>)</li>
<li><strong>Southern Africa : </strong>South Africa and Namibia plan to invest EUR 345m to upgrade their rail and port infrastructure (<em>Nairametrics</em>)</li>
<li><strong>Zambia : </strong>The World Bank grants a USD 100 million subsidy for the energy sector <em>(World Bank)</em></li>
<li><strong>Zimbabwe : </strong>Sharp drop in Zimbabwe's maize harvest due to historic drought in southern Africa (<em>Agence Ecofin)</em></li>
</ul>1d05edb6-027b-4238-9469-e91f3de61ca7Emerging Economies and Climate ChangeDespite being less responsible for climate change, emerging countries are more vulnerable to its effects than their advanced counterparts. Countries located in tropical areas will be more impacted by the physical effects of climate change, while the sectoral structure of African and Asian countries is set to amplify their economic sensitivity. Adaptive capacity varies from country to country and international cooperation is critical to reducing the impacts of climate change.2023-06-15T00:00:00+02:00<p>The economic effects of climate change are becoming increasingly consequential as the pace of long-term environmental changes accelerates and extreme weather events increase in frequency and intensity. Vulnerability to climate change has become central to identifying and assessing potential risks to the growth trajectories of emerging economies. A country may be considered vulnerable due to its physical exposure to climate change, the sectoral composition of its economy or its adaptive capacity.</p>
<p>Most of the major emerging economies are low contributors to global warming, yet they are much more vulnerable to its consequences than advanced economies, albeit to differing degrees of exposure (see chart on this page). The countries most exposed to environmental changes (rising sea levels, desertification) and extreme weather events are those in tropical areas in sub-Saharan Africa, Asia and Latin America.</p>
<p>The sectoral and geographic structure of some emerging economies increases their vulnerability to climate change. Those particularly dependent on rain-fed agriculture are expected to suffer lower crop yields (sub-Saharan Africa and Southern Asia), whereas countries where most of the economic activity is in coastal regions will have to contend with rising sea levels (Southeast Asia). Arid and semi-arid regions (North Africa and the Middle East) could see disastrous consequences from water stress.</p>
<p>Not all emerging economies have the same adaptive capacity to cope with these changes, and the variation between them is closely tied to their level of development. The lack of infrastructure or medical professionals, for example, could significantly exacerbate the consequences of climate change in numerous countries. International cooperation is both needed and warranted to reduce the impacts of climate change on these economies and the associated side effects.</p>
<p> </p>
<p style="text-align: center;"><img class="marge" src="/Articles/1d05edb6-027b-4238-9469-e91f3de61ca7/images/c7d91095-aa36-4c1f-86e6-9e91a0b88f13" alt="Visuel1 TE-328en" /></p>
<p> </p>