Grants and Contributions:

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Title:

Support to Africa Disaster Risk Financing Multi-donor Trust Fund

Agreement Number:

7448928 P011780001

Agreement Value:

$14,000,000.00

Agreement Date:

Mar 30, 2023 - Mar 31, 2027

Description:

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.

Organization:

Global Affairs Canada

Expected Results:

The expected outcomes for this project include: (1) improved efficient and timely gender-responsive responses to communities affected by climate disasters in six African countries: Benin, Burkina Faso, Chad, Comoros, Mali, and Togo; (2) enhanced sustainable protection against climate shocks in Regional Member Countries; and (3) increased capacity of communities and its vulnerable groups, especially women and girls, to identify risks and to manage climate disasters.

Location:

Abidjan, CI

Reference Number:

064-2024-2025-Q2-00521

Agreement Type:

Grant

Report Type:

Grants and Contributions

Recipient Type:

Not-for-profit organization or charity

Additional Information:

Belated reporting

Recipient's Operating Name:

African Development Bank Group

Recipient's Legal Name:

AfDB - African Development Bank Group

Program:

International Development Assistance Program

Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.