REPAIR is a multi-phased regional program approved in July 2024 by the World Bank aiming to cover 12 countries in Eastern and Southern Africa by 2031.
This program was officially launched in October 2024 by the World Bank together with ARC Ltd. as the implementation partner.
The initiative aims to strengthen both the financial and operational preparedness of participating countries to respond quickly to climate and other shocks in ESA. At the core of the REPAIR Program is the USD926 million Regional Climate Risk Fund (RCRF), which supports participating countries in strengthening their capacity for preparedness and immediate response in the face of emergencies.
Regional Climate Risk Fund
Amount of Private capital mobilized for climate adaptation and resilience*
Number of countries equipped with insurance for catastrophic climate shocks
Number of people with enhanced resilience to climate risks*
Number of days for financial disbursements to flow to countries after a shock once the trigger is met
Covering a suite of eligible shocks (caused by natural or biological events)
REPAIR implements a Regional Climate Risk Fund (RCRF) offering a menu of financial instruments available to participating REPAIR countries to address moderate, severe and catastrophic shocks
• Mobilizes private finance through insurance and generate cost-effective returns through one common reserve investment strategy
• Pays quickly upon a shock (7 business days)
• Leverage international expertise in asset management
• Builds on existing country crisis management mechanisms
• Adds a robust governance framework to link the RCRF to country delivery channels
• Provides capacity building to MoFs and delivery channels on disaster risk finance, crisis simulations among others
• Team of regional experts and focal points working with the MoFs
The overall Project Development Objective (PrDO) is to strengthen the financial and operational preparedness of participating countries to respond quickly to climate and other shocks.
Phase 1 of the program is comprised of Comoros, Madagascar and Mozambique, with an additional five countries, namely Angola, Burundi, Malawi, Seychelles and Zambia, having joined under Phase 2.
Ultimately, participation in REPAIR will grow to 12 participating countries in Eastern and Southern Africa, enhancing the resilience of an estimated 28 million people to natural shocks.
REPAIR is financed by the World Bank via the USD926 million Regional Climate Risk Fund.
It is managed by its project implementation unit, ARC Ltd, a hybrid mutual insurer and financial arm of the African Risk Capacity Group.
The program aims to mobilize a further USD795 million from private capital by 2031.
An additional grant of USD26 million from the Global Shield Financing Facility supports the implementation by ARC Ltd of Technical Assistance services for both financial and operational preparedness activities.
A collection of publications focused on enhancing regional emergency preparedness and promoting inclusive recovery efforts.
This report by the Global Risk Modelling Alliance outlines a framework to guide government officials…
How the REPAIR program helped unite a community in rebuilding their town following a devastating…
Welcome to Gallagher Re’s 2024 Natural Catastrophe and Climate Report. This document summarizes the most…
In Madagascar, a nation frequently hit by tropical cyclones, floods, and droughts, securing financial resilience…
In fiscal year 2024, the Global Shield Financing Facility (GSFF) continued its efforts to support…
This 2023 Integrated Annual Report summarises our progress, impact, priorities, and outlook. It explains how…
Latest developments and announcements highlighting regional emergency preparedness and inclusive recovery efforts.
Seychelles has taken significant strides to strengthen its financial and operational preparedness against climate shocks…
The 2026 REPAIR Annual Meeting Program convened around 80 representatives of Finance Ministries and delivery…
Since the beginning of 2026, the Regional Emergency Preparedness and Access to Inclusive Recovery Program…
Phase 2 approval expands program’s reach and impact. The approval of Phase 2 of REPAIR…
The REPAIR program has successfully completed its first phase of emergency aid and is now…
On March 10 2025, tropical cyclone Jude swept across Mozambique, leaving 150,000 victims reeling in…