AfDB - African Development Bank Gro

Published purpose

This project supports the Africa Disaster Risk Financing program’s multi-donor trust fund. It seeks to strengthen the resilience of vulnerable communities, women, and girls to climate disasters in six African countries by adopting ex-ante climate disaster risk financing instruments. The project contributes to improving the capacity of governments and private sector actors for efficient and timely gender-sensitive responses to climate disasters. It does so by increasing access to climate disaster risk financing instruments. It also seeks to enhance protection against climate shocks by improving preparation and response to climate disasters. Project activities include: (1) conducting risk diagnostics to develop climate disaster risk financing strategies; (2) collaborating with the African Risk Capacity in Regional Member Countries to train and carry out workshops to develop gender-responsive contingency and response plans; and (3) facilitating premium subsidies payments for climate disaster risk insurance. This project directly benefits women and men who are vulnerable to climactic shock.