Climate resilience and financial services: Lessons from Ethiopia, Mali and Myanmar
This paper aims to answer three research questions for each of the three contexts assessed:
- What is the availability and use of financial services?
- How can financial services contribute to building climate resilience in terms of managing climate- related risks and exploiting climate-related opportunities?
- How can policy-makers support the development of financial services to build climate resilience?
Drawing from the findings of the analysis, the authors recommend strengthening the financial infrastructure, engaging with domestic financial service providers and telecoms companies and improving capacity, financial literacy and trust in the financial system amongst vulnerable groups.
This paper is also supported by the BRACED policy brief 'Banking on resilience: Building capacities through financial services inclusion'.