The activity report summarizes activities of Result Area 5, also known as the Africa Disaster Risk Financing (ADRF) Initiative, from July 2017 until June 2018. The report gives an overview of the achievements to date and identifies upcoming priorities and challenges. So far, the ADRF Initiative has yielded results in supporting governments by strengthening their capacity to design and implement risk financing policies, instruments, and strategies at regional, national and local levels.
The ADRF Initiative is one of five Result Areas of the European Union (EU) - Africa, Caribbean and Pacific (ACP) cooperation program Building Disaster Resilience in Sub-Saharan Africa, which is implemented by several partners, including the African Development Bank (AfDB), African Union Commission (AUC), the United Nations International Strategy for Disaster Reduction (UNISDR) and the World Bank (WB)-managed Global Facility for Disaster Reduction and Recovery (GFDRR). The Program’s overall objective is to strengthen the resilience of Sub-Saharan African regions, countries and communities to the impacts of natural disasters, including the potential impact of climate change, to reduce poverty and promote sustainable development. The ADRF Initiative, launched in 2015 and implemented by GFDRR and the World Bank, supports the development of risk financing strategies at regional, national and local levels to help African countries make informed decisions to improve post-disaster financial response capacity in order to mitigate the socio-economic, fiscal and financial impacts of disasters.