|Approval Date||05 Jul 2021|
|Signature Date||19 Sep 2021|
|Planned Completion Date||31 Dec 2026|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
This country-specific operation is under the framework of the multinational Africa Disaster Risk Finance (ADRiFi) Project, which aims at building the resilience of RMCs to climate disasters. The ADRiFi Programme (Sudan) will enhance the resilience and response to climate shocks in Sudan by improving the management of climate disaster risks. This will be done through an integrated approach to managing disasters that will cushion the government from the financial impacts of episodes of drought and foster sovereign risk transfer solution as a tool for enhancing disaster risk management in the country. The project spans over a period of 5 years (2022- 2026), with a total budget of UA 9.13 million co-financed from ADF 15 resources and in-kind contributions by ARC and the Government of Sudan as well as from the ADRiFi MDTF. It will be preceded by preparatory activities in 2021. The primary outcomes of the project will be enhanced government preparedness to respond to drought shocks when they occur and more resilient rural communities from drought. It is planned that in the very near future the project will also integrate flood insurance when the product is available from the African Risk Capacity (ARC).
The overall goal of ADRiFi in Sudan is to enhance the resilience and response to climate shocks in the country by improving the management of climate disaster risks. The Project’s specific objectives are: (i) to strengthen the capacity of Sudan 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.
The direct beneficiary of ADRiFi is the Republic of Sudan, 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 may benefit from assistance in the event of droughts. The project will target individuals affected by drought with special focus on women and children. Beneficiary communities of insurance cover and immediate assistance in the event of a disaster will be selected within the context of contingency planning.
African Development Fund
Fragile States Facility
MINISTRY OF FINANCE & ECON PLANING SUDAN
|Last Update||29 Sep 2022|