New Publication: Cabo Verde Blue Bond Note
Cabo Verde recognizes the growth potential of its coastal and marine natural capital and the need to preserve it. It has requested the World bank’s support is issuing a Blue Bond.
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Opening the Gateway between the Dutch Water Sector and West African Countries
On 29 June, 2020 the Netherlands Water Partnership (NWP) and the World Bank signed a Memorandum of Understanding (MoU) to support West Africa’s efforts to build coastal resilience.
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In October, WACA Cote d’Ivoire signed a convention with the agency in charge of parks and reserves.
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Cabo Verde recognizes the growth potential of its coastal and marine natural capital.
Article sur le Fonds Français pour l'Environnement Mondial (FFEM).
Key Facts & Figures
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56%
Coastline in Benin, Cote d’Ivoire, Senegal and Togo subject to an average erosion of 1.8 m per year
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US$1.4 billion
Cost of air, water and waste pollution cost in 2017 to Benin, Cote d’Ivoire, Senegal and Togo
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13,000 deaths
Occur in Benin, Cote d’Ivoire, Senegal and Togo primarily due to floods, air and water in 2017
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$3.8 billion
The cost of erosion, flooding and pollution cost to Benin, Cote d’Ivoire, Senegal and Togo
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56% GDP
Generated by West Africa Coastal Areas
COASTAL CHALLENGES IN WEST AFRICA
Coastal erosion and flooding in West Africa severely threaten people’s communities, livelihoods, safety and investments. About 56% of West Africa’s GDP is generated in coastal provinces, where one-third of the population resides. Stronger storms and rising seas are wiping out homes, roads and buildings that have served as landmarks for generations. Some beaches are deeply mined for sand, protective mangroves are deforested, and people are increasingly vulnerable to the impact of climate change. Some residents have no choice but to move away—a trend that is breaking up communities and changing the social fabric for future generations.
Rapid and often unplanned urbanization has devastated the natural landscape that once served as a buffer for erosion and flooding. These developments disproportionately affect the poorest and most marginalized, and will intensify due to climate change. While countries have started to contain erosion and flooding, there is an urgent need for partners to mobilize financing through coordinated regional action. Collaboration at the policy and technical levels helps countries to manage erosion hotspots, and to maintain the livelihoods that a healthy coastal ecosystem provides to people and economies.
