Zimbabwe - Africa Disaster Risk Financing (ADRiFi) Capacity-building Project for Zimbabwe - Project Appraisal Report

The Africa Disaster Risk Financing (ADRiFi) Capacity Building Project aims to strengthen Zimbabwe’s disaster risk management capacity. This support originates from a dialogue with the country in relation to their participation in the Bank’s flagship programme on disaster risk finance: the African Disaster Risks Financing (ADRiFi) Progamme, which aims to enhance the resilience and response to climate shocks in the regional member countries (RMCs), through the management the risks of climate-related disasters. The project will enhance Zimbabwe’s capacity to manage the risks of extreme climate events, including droughts, floods and tropical cyclones, as well as promote the adoption of disaster risk financing tools such as sovereign risk insurance, as a viable solution for addressing climate risks. The specific objectives of the project are: (i) to strengthen the capacity of the country to understand climaterelated risks, estimate their related costs for the country, and elaborate subsequent adaptation measures to extreme events at both national and sub-national levels; and (ii) to promote instruments for financing climate related to disasters, including insurance. The Bank will collaborate with the African Risk Capacity (ARC) in implementing the project.