The Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) establishes that developing countries are expected to suffer the most from the negative impacts of climate change. As their economies strongly rely on climate-sensitive sectors (noticeably agriculture) and are particularly exposed to the impacts of climate change due to their geographic and climatic conditions, these countries are likely to be the first victims of climate change. Moreover, they often display a low adaptation capacity due to institutional weaknesses, particularly in the financial sector.