Le financement de la transition écologique en Afrique francophone: le rôle de la politique monétaire

Cameroon - 18 March 2022

Trade topics: Economic Sustainability, Green finance, Monetary Policy, Africa

The COVID-19 pandemic and the slowdown in the global economy are hitting hard many African countries, especially those already struggling with the negative effects of climate change. In this context, transitioning towards a more ecologically sustainable economy is not only necessary but also presents significant opportunities for economic development in these countries. However, achieving this transition is hindered by the difficulty of mobilizing funding, particularly in French-speaking African countries. While central banks in developed countries are increasingly embracing the greening of monetary policy, this approach has not gained traction in Francophone Africa.Therefore, the objective of this study is to examine the potential role of monetary policy in financing the ecological transition in these countries. Through an analysis of current funding mechanisms and levers for ecological transition, our study concludes that monetary policy can play a crucial role in promoting the transition to a low-carbon economy and mitigating the impacts of climate change in French-speaking African countries.