📋 Tender Overview
Project Summary
Approval Date 03 May 2024
Planned Completion Date 31 Dec 2028
Last Disbursement Planned Date 31 Dec 2028
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 2,500,000
Status Approved
Project General Description
The multi-national project, submitted within the ADRiFi Programme Framework is aligned with the Bank’s Ten -year Strategy (TYS, 2024-2033) and two of the Bank's ‘High 5' priorities: "Feed Africa" and" Improve the Quality of Life of Africans". It is aligned with the Bank’s Country Strategies for the individual countries and Pillar3 of the HOA Initiative which dwells on strengthening resilience to climatic shocks, including recurrent droughts, floods, and pests, as well as conflicts, displacements, and development of the border lands. It is aligned with the Bank’s East Africa Regional Integration Strategy Paper (EA-RISP) for 2023–2027whose main objective is to accelerate structural transformation, address drivers of fragility, reinforce resilience and create decent jobs. Climatic and environmental shocks have been identified by the Bank as one of the main drivers of fragility in the HOA and Comoros, in addition to conflict and violence.
Project Objectives
The overall objective of this project is to enhance the resilience and response to climate shocks in Comoros, Djibouti, Somalia, and South Sudan by improving the management of climate disaster risks.The specific objectives are to :1.Create an enabling environment for the adoption of climate risk financing instruments in the targeted beneficiary countries; 2. Improve uptake of climate and disaster risk financing in- the targeted beneficiary countries and other African LDCs ;and ,3. Strengthen adaptation and resilience of the targeted beneficiary countries against climate risks.
Beneficiaries
The capacity building aspects under Component 1 of the project are targeted at the technical staff in government Ministries, Departments and Agencies at both the Central and Local Government levels. Risk transfer under Component 2 will benefit the vulnerable pastoralists and crop farmers exposed to severe drought and flood events. With the resources allocated under this component, at least 400,000pastoralists and crop farmers are expected to be insured annually against severe climate hazards. Improvement of climate information collection and dissemination systems will be targeted at the National Hydromet agencies and Disaster Management agencies.
Participating Organization
Funding
African Development Fund
Funding
Global Environment Facility
Implementing
Ministry of Finance
