Angola, Burundi, Malawi, Seychelles and Zambia join REPAIR for rapid access to disaster response funding
The World Bank has approved the accession of Angola, Burundi, Malawi, Seychelles, and Zambia to the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) under Phase 2 of the program, joining Phase 1 countries — Comoros, Madagascar, and Mozambique — in REPAIR, which provides for the rapid and effective disbursement of emergency funds within […]
Groundbreaking Joint Grant Agreement signed as Global Shield Solutions Platform supports Regional Risk Pools’ move from commitment to implementation
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action – backed by a new €4.7 million grant supporting joint solutions, capacity building, and knowledge-sharing across […]
REPAIR program delivers USD 16.8 million payout to Mozambique two days after government request
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme has demonstrated the vital role of speed in disaster response, disbursing over USD 16.8 million to Mozambique just two business days after the Government submitted an official request for support.
REPAIR disburses over USD16.8 million in emergency assistance to Mozambique in wake of cyclone Jude
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) program, a World Bank program which aims to strengthen the financial and operational resilience of participating countries to climate and other shocks, has disbursed an envelope of over USD16.8 million to complement Mozambique’s efforts to save lives and livelihoods in the aftermath of tropical cyclone […]
Norway provides NOK 50 Million to strengthen Africa’s climate resilience through ARC Ltd.’s SACPIP-Africa initiative
Africa’s economic and social fabric is disproportionately affected by climate change. Over 95% of Africa’s food production depends on rainfed agriculture, with over 70% of the continent’s population relying on it for their livelihoods, making them highly vulnerable to erratic weather patterns. Disasters like droughts and floods exacerbate food insecurity, damage infrastructure, and erode decades […]
COP 29 scored a series of victories, but meaningful action remains elephant in the room
As always with COP meetings, deadlines come and go before final agreements are made, and COP29 in Baku proved no different. Ultimately, the conference agreed to the Baku Finance Goal (BFG), a new commitment to channel US$1.3-trillion of climate finance to the developing world each year. The Goal contains a core target for developed countries […]
Global Shield at COP29: Supporting Climate-Vulnerable Countries
At COP29, the Global Shield against Climate Risks, a G7-V20 initiative, reaffirmed its commitment to protecting climate-vulnerable countries through pre-arranged finance. Co-Directors Nilesh Prakash and Dr. Astrid Zwick led the delegation, unveiling the Global Shield Ambition—a blueprint for enhancing climate resilience and tackling loss and damage via pre-arranged financing solutions. During the high-level dialogue on Coordination and […]
PCRIC and Regional Risk Pools Host Joint Side Event at COP 29
The Pacific Catastrophe Risk Insurance Company (PCRIC), along with regional risk pools; the African Risk Capacity Ltd. (ARC), the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), once again co-hosted a joint side event at this year’s COP gathering in Baku, Azerbaijan. […]
ARC Ltd. advocates for innovative disaster risk insurance solutions at COP29 to bolster Africa’s climate resilience
Hybrid mutual insurer African Risk Capacity Limited (ARC Ltd.) is taking a leading role at COP29, advocating for innovative disaster risk insurance solutions to build climate resilience in Africa. This year Finance COP, taking place in Baku, Azerbaijan, from 11-22 November, is focused on improving and increasing the delivery of climate finance to developing countries, […]
6.2 Million Vulnerable People in Comoros, Madagascar, and Mozambique to Benefit from Financial Readiness Against Climate Shocks
WASHINGTON, July 30, 2024 — Over six million people in Comoros, Madagascar, and Mozambique are set to benefit from a new World Bank regional program that will enhance Eastern and Southern African countries’ financial preparedness to respond to climate shocks. The Regional Emergency Preparedness and Inclusive Recovery Program (REPAIR), approved today, will strengthen countries’ resilience against climate […]