Browsing: Niger

The African Development disbursed $5.6 million to Niger to implement its Africa Disaster Risk Management Funding Programme (ADRiFi).

The funds are from the African Development Fund (ADF-15) as technical and institutional support to strengthen the country’s resilience and response to drought-related disasters.

The project will be co-financed by the Bank’s group concessional rate loan window and the Pan-African mutual managed fund, a risk contribution of $1 million and by the Nigerien government $1.4 million.

Africa Disaster Risk Management Funding Programme (ADRiFi) aims to strengthen Niger’s resilience and response to climate shocks by improving its disaster risk management and adaptation to climate change.

ADRiFi will therefore provide financial and technical support to the Niger’s government through capacity building in terms of drought risk assessment, prevention of drought-related food crises and development of contingency plans. It will also support through transfer of sovereign risk through the subscription of insurance against drought risks …