Establishment of a partnership between the institution of Panafrican Mutual Risk Management and the Government of the Republic of Djibouti to strengthen the management of climate disaster risks

Djibouti, The Pan-African Risk Management Mutual Institution (ARC) and the Government of Djibouti have signed a Memorandum of Understanding to combat persistent climate risks and intensify national management and control efforts. disaster risk financing.

The MoU serves as a framework to facilitate cooperation and collaboration between the ARC Agency and the Government and to define the conditions that will govern the collaboration between the Government and the Government Institution. ARC to deal with the consequences of extreme weather events in Djibouti, including through support provided by the ARC Institution to the country, training of government personnel and other efforts towards the goals that the country s ‘is fixed.

Given the threat of drought and prolonged floods, Djibouti is extremely vulnerable to climate risk. The country was ranked among the 50 countries most affected by extreme weather events according to the Global Climate Risk Index and the drought from 2008 to 2011 caused $ 51 million in damages and $ 157 million in damages. losses. “We are excited to join forces with the Government of Djibouti to address the persistent climate risks facing the country and in particular the rural population,” said Mohamed Beavogui, Executive Director of the Government of Djibouti. ARC and UN Under-Secretary-General “Extreme weather events can undermine years of development,

The government of Djibouti has taken important steps to deal with disaster risk over the years. With the World Bank’s Global Fund for Disaster Risk Reduction, Djibouti has developed the first comprehensive risk assessment program in the Middle East and North Africa region.

As one of the first signatories to the Treaty Establishing the ARC, the Government of Djibouti has contributed to the establishment of the ARC as a specialized agency of the African Union. By strengthening its partnership with the CRA, the government is taking another step toward promoting its disaster risk management program. “The Government of the Republic of Djibouti strongly supports the ARC’s innovative and pan-African approach,” said HE Hassan Omar Mohamed, Interior Minister of Djibouti, adding: “We are ready to mobilize for assist in the execution of the ARC program in Djibouti “.

About the Pan African Risk Management Mutual (CRA): The CRA is made up of the ARC Agency and the ARC Insurance Corporation (ARC Ltd). The ARC Institution was established in 2012 as a specialized institution of the African Union to assist Member States to improve their capacities to better plan, prepare and respond to meteorological disasters. ARC Ltd is a mutual insurance company offering risk transfer services to Member States through risk pooling and access to reinsurance markets; It is owned by Member States with insurance contracts in force, as well as by the German Development Bank (KfW) and the UK Department for International Development (DFID), as capital contributors.

With the support of the United Kingdom, Germany, Sweden, Switzerland, Canada, France, the Rockefeller Foundation and the United States, the ARC helps Member States to reduce risks loss and damage caused by extreme weather events affecting African populations by providing, through sovereign risk insurance for disaster risks, targeted responses to natural disasters in a more timely, economical, objective and transparent manner. The ARC is now using its expertise to help combat other major threats facing the continent, including outbreaks and outbreaks.

Source: African Risk Capacity