A potential “super” El Niño weather event, driven by warming Pacific Ocean temperatures, could wipe between $10 billion and $20 billion from the economies of Africa’s hardest-hit countries while triggering mass displacement, higher food prices and increased government borrowing, the African Development Bank (AfDB) has warned.
Browsing: 20bn
The African Development Bank (AfDB) has warned that an expected “super” El Niño weather event could cost African countries between $10 billion and $20 billion, reduce economic growth and force millions of people to leave their homes.
An impending “super” El Niño is likely to inflict a combined $10bn to $20bn (R167.3bn to R334.59) hit on affected African countries and trigger mass migration from hard-hit areas, says the African Development Bank’s (AfDB) top climate expert.
