The African Risk Capacity held a high-level session on climate and disaster risk financing during the African Development Bank Annual Meetings in Busan, Korea. Along with African Ministers of Finance, who discussed their experiences with the national impact of climate events on their populations and economies, African Risk Capacity and the African Development Bank (AfDB) highlighted the role that sovereign disaster risk insurance has played in mitigating the impact of climate disasters across Africa. With the Africa Disaster Risk Financing Programme (ADRiFi), the African Risk Capacity and the AfDB are further joining forces to increase access to insurance and improve disaster risk management through African solutions.
For a brief recap of the event, read the press release and see the video below.
A full stream of the event can be viewed below: