MALAWI - Africa Disaster Risk Financing (ADRiFi) Programme


Project Summary

Approval Date 02 Jun 2022
Signature Date 24 Jun 2022
Planned Completion Date 31 May 2024
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Environmental Category 3
Commitment U.A 3,500,000
Status Implementation

Project General Description

The ADRiFi programme in Malawi will be implemented in two phases with the initial phase spanning for two (2) years 2022 and2023 and the second phase for additional two(2) years-2024 and2025-subject to availability of financial resources. The budget for the first phase is USD10.13millionco-financed from ADF 15resources for UA 3.5 million(approximately USD 4.9 million), the ADRiFi Multi-Donor Trust Fund (MDTF) for USD 4.35 million, the Government of Malawi for USD 0.4million and an in-kind contribution by the African Risk Capacity for USD 0.48 million. The direct beneficiary of the Programme is the Government of Malawi, which will benefit from support in the payment of its sovereign risk premium for the transfer of drought risks, as well as the agencies involved in disaster risk management in the country that will benefit from capacity building. The indirect beneficiaries of the programme are the vulnerable smallholder farmers exposed to drought with a significant proportion of them being women and children.

Project Objectives

The overall goal of ADRiFi in Malawi is to enhance the resilience and response to climate shocks in the country, by improving the management of climate disaster risks. The Programme's specific objectives are: (i)To strengthen the capacity of Malawi to evaluate climate-related risks and costs, and elaborate subsequent adaptation measures at both national and sub-national levels; and (ii)To promote initial financing for disaster risk transfer solutions .

Beneficiaries

The direct beneficiary of ADRiFi is the Government of Malawi, which will benefit from the support for the payment of its premium to ARC Ltd, as well as relevant Ministries, Departments and Agencies that will benefit from capacity building to manage disaster risk activities in the country. The indirect beneficiaries are the local and rural communities that will benefit from assistance in the event of droughts. The Programme will target individuals affected by drought with special focus on women and children.

Participating Organization

Funding
African Development Fund

Information

IATI identifier 46002-P-MW-A00-012
Last Update 14 Aug 2022

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Contact Details

Name SINGUE TANKO Donald
Email d.singue@afdb.org

Geographic Location

Country Malawi