ARC and UN Partner to increase insurance coverage in Africa
The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for Africa (ECA) today announced a new partnership which will see the two organizations work together to increase insurance coverage against climate risks for African states. The multilateral deal was announced at the African Union’s Annual Summit in Addis Ababa, and commits ARC and ECA to build the capacity of their 33 common Member States by embedding risk management investments into government planning through policy development. ARC and ECA also will share expertise and commit financial resources to joint analytical work in areas of economic and climate risk research in order to promote risk transfer instruments. ARC plays an important role in responding to countries’ needs at times of crisis by providing fast access to funding for pre-agreed-upon, rapid response plans developed in conjunction with governments. ARC’s financing complements other forms of local and international support. ARC is using its expertise to help tackle some of the greatest threats faced by the continent, including droughts, outbreaks and epidemics, and tropical cyclones.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2018-01
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| Online Access: | https://hdl.handle.net/10855/45260 |
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