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Highlights – Board Meeting of 16 October 2018
The Board considered the proposed African Disaster Risk Management Financing Framework (ADRiFi), which has as its main objective to improve resilience and response to climate change in RMCs by improving the management of the risks of climate disaster and providing funding to manage the risks. Board members noted the relevance and timeliness of this programme and welcomed its innovative nature. However, they requested that the Appraisal report be revised to incorporate, among other things, additional information such as the eligibility criteria for beneficiary countries, consistency and complementarity with similar initiatives, relationship with the African Risks Capacity (ARC) and the exact nature of the risks covered. The revised document is to be distributed to the Board for approval on a Lapse-of-Time Basis.