This report addresses the risks of climate change in the Middle East and North Africa (MENA) region, the resulting economic impacts, and how banks are responding to climate risks. With a focus on Egypt and Morocco, the report aims to analyze the current state of adaptation finance; the context for banks to identify, assess, and respond to physical climate impacts; and discusses the barriers and recommendations to accelerate and scale up finance for adaptation and resilience in the region. The results of this study are based on three components a) desk-based research; b) a survey of regional banks; and c) interviews with a sample of commercial and development finance institutions.