Support the setting up and management of the Regional Climate Risk Fund (RCRF)
Advise Participating Countries on DRF instruments for financial preparedness, contingent liabilities and contingency planning
Capacity building for both financial (MoF) and operational preparedness (distribution channels)
Organisation of annual regional workshops for cross-dissemination of best practices
Regular assessment of annual contingency plans and conduct of Simulation exercises
The timeline below illustrates the activities completed from inception up to date.
Recruitment of 8 core staffs including the Program Manager, Procurement Specialist, Country focal point, E&S Specialist etc.
Conduct induction workshops for each country, Comoros, Madagascar and Mozambique
Selection and identification of distribution channels together with Ministry of Finance
Payout of USD 124,888 to Comoros for Tropical Cyclone Chido
Performing mapping of existing DRF instrument in each country
Establish the legal, fiduciary and fund management framework for the Regional Climate Risk Fund (RCRF)
Third Party Agent – Request for Proposal stageFinancial Audit Services – Contract Signed between PwC and ARC Ltd.
Revision of multiple section of the GF bringing clarity and alignment on eligible activities.
Develop the annual workplan (2025) which includes the activities planned for Phase 1 countries.
Submission of semi-annual report to World Bank as per contractual obligations.
Payout of USD 16,873,517 to Mozambique for Tropical Cyclone Jude
identify any process deficiencies, inherent risks, adequacy and effectiveness of controls at MEF and Distribution channels.E&SConduct E&S Assessment and support in the Implementation of the Action Plan
Develop the capacity building plan including the E&S component (in progress)
Recruitment of 8 core staffs including the Program Manager, Procurement Specialist, Country focal point, E&S Specialist etc.
Conduct induction workshops for each country, Comoros, Madagascar and Mozambique
Selection and identification of distribution channels together with Ministry of Finance
Payout of USD 124,888 to Comoros for Tropical Cyclone Chido
Performing mapping of existing DRF instrument in each country
Establish the legal, fiduciary and fund management framework for the Regional Climate Risk Fund (RCRF)
Third Party Agent – Request for Proposal stageFinancial Audit Services – Contract Signed between PwC and ARC Ltd.
Revision of multiple section of the GF bringing clarity and alignment on eligible activities.
Develop the annual workplan (2025) which includes the activities planned for Phase 1 countries.
Submission of semi-annual report to World Bank as per contractual obligations.
Payout of USD 16,873,517 to Mozambique for Tropical Cyclone Jude
identify any process deficiencies, inherent risks, adequacy and effectiveness of controls at MEF and Distribution channels.E&SConduct E&S Assessment and support in the Implementation of the Action Plan
Develop the capacity building plan including the E&S component (in progress)