The Silent Adapters: Uncovering the Resilience of Smaller Firms in Developing Countries June 22, 2026

https://www.ifc.org/en/insights-reports/2026/uncovering-the-resilience-of-smaller-firms-in-developing-countries Micro, small and medium enterprises (MSMEs) in emerging and developing economies (EMDEs) are aware of climate risks and are taking adaptation action. With the adaptation finance gap in developing economies estimated at up to $339 billion per year, and private sector reporting on adaptation still largely absent, this report makes the case for better data, smarter financing instruments, and a renewed focus on the firms that stand to lose — and gain — the most from climate investments.