African Development Bank launches disaster risk facility
Thursday, 11 01 2018, Category: Insurance and Reinsurance, Country: Africa
The African Development Bank has announced the launch of a disaster risk facility that will aim to increase the use of climate risk financing and insurance, including parametric risk transfer solutions, for African countries.
The African Development Bank (ADB) announced the approval and launch of the Africa Disaster Risks Financing (ADRiFi) Programme yesterday.
In delivering the programme, the ADB will be working with the assistance of the The African Risk Capacity, which will assist in delivering climate risk insurance and other parametric risk transfer solutions.