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The $100 billion included in a World Bank paper drafted for shareholders would come on top of measures approved in April that will boost the bank's lending to developing countries by up to $50 billion.

A European Central Bank paper last year urged greater clarity in how those risks were being built into credit ratings.

In addition to damaged infrastructure, each day of flooding in Kinshasa costs households a combined $1.2 million due to the large-scale transport disruption, according to a 2020 World Bank paper.

It is also true that doing nothing could lead to inflation: a European Central Bank paper last year warned of food and commodity price rises from extreme weather events and the land shortages being caused by desertification and rising sea levels.

Climate change will drive up to 132 million more people into extreme poverty by 2030, a World Bank paper last year concluded.