dc.contributor.author	Reserve Bank of Malawi
dc.contributor.author	World Bank
dc.date.accessioned	2025-01-30T16:37:14Z
dc.date.available	2025-01-30T16:37:14Z
dc.date.issued	2025-01-30
dc.description.abstract	Climate risk management in Malawi's financial sector is a pressing issue that demands immediate attention. Globally, the urgency of addressing climate change is escalating, and many African countries are taking proactive steps to mitigate its financial implications. Kenya, Tanzania, and Morocco, among others, have already implemented supervisory guidelines for climate risk management to safeguard their financial systems and economies. The Reserve Bank of Malawi (RBM), recognizing the critical importance of this issue, has similarly initiated the development of climate risk supervisory guidelines for banks and are considering doing the same for the insurance sector. To inform these policy efforts, RBM, with the support of the World Bank, conducted this assessment to better understand the impacts of climate change on the insurance and banking sectors in Malawi. This report’s analysis is the first of its kind for Malawi, and one of the first climate-related financial risk analyses in the Africa region that looks at the impact of climate change on the insurance sector in addition to the banking sector. The ultimate objective of this report is to build a roadmap for RBM to better assess and manage climate-related financial risks for banks and insurers.	en
dc.identifier	http://documents.worldbank.org/curated/en/099012325232527668/P18023515357d700818c7e1123004846ebb
dc.identifier.doi	10.1596/42746
dc.identifier.uri	https://hdl.handle.net/10986/42746
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	CLIMATE ACTION
dc.subject	CLIMATE RISK MANAGEMENT
dc.subject	FINANCIAL ANALYSIS
dc.subject	CLIMATE CHANGE IMPACTS
dc.title	Extreme Weather, Extreme Costs	en
dc.title.subtitle	Building Malawi’s Financial Resilience in a Changing Climate	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-01-30
okr.date.lastmodified	2025-01-27T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099012325232527668/P18023515357d700818c7e1123004846ebb
okr.guid	099012325232527668
okr.identifier.docmid	P180235-5357d722-302e-4e08-8c7e-123004846ebb
okr.identifier.externaldocumentum	34449188
okr.identifier.internaldocumentum	34449188
okr.identifier.report	196809
okr.import.id	6471
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099012325232527668/pdf/P18023515357d700818c7e1123004846ebb.pdf	en
okr.region.administrative	Africa Eastern and Southern (AFE)
okr.region.country	Malawi
okr.sector	FY17 - Banking Institutions
okr.theme	Financial Infrastructure and Access,Mitigation,Infrastructure Finance,Financial Stability,Economic Policy,Green Growth,Economic Growth and Planning,Environment and Natural Resource Management,Finance for Development,Finance,Private Sector Development,Public Sector Management,Climate change,Adaptation,Public Assets and Investment Management,Public Administration,Payment & markets infrastructure,Public Private Partnerships,Financial Sector oversight and policy/banking regulation & restructuring
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Impacts
okr.topic	Infrastructure Economics and Finance::Infrastructure Finance
okr.unit	EFI-AFR1-FCI-Finance-1 (EAEF1)

Publication: Extreme Weather, Extreme Costs: Building Malawi’s Financial Resilience in a Changing Climate

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Extreme Weather, Extreme Costs: Building Malawi’s Financial Resilience in a Changing Climate