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High-level panel session to highlight importance of disaster risk financing in building resilience

Busan, Korea

A high-level panel session on the importance of disaster risk financing solutions in building resilience and protecting development gains will be held at the 2018 Annual Meetings of the African Development Bank taking place in Busan.

The session will focus on Climate and Disaster Risk Financing: The role of the African Risk Capacity (ARC) and the Africa Disaster Risk Financing Programme (ADRiFi).


  • Akinwumi Adesina, President of the African Development Bank
  • African Ministers of Finance
  • Ngozi Okonjo-Iweala, African Risk Capacity Governing Board Chair

When:         May 23, 2018, 17:00 to 18:30

Where:        Grand Ballroom Convention Hall, 3rd floor (3F), BEXCO

Press Conference to following immediately afterwards (18:45 to 19:15).


The African Risk Capacity (ARC) was established by the African Union in 2012 to help Member States improve their capacities to better plan, prepare and respond to extreme weather events and natural disasters.

Recognizing the role of ARC on the continent, and following requests for premium financing support from a number of regional member countries of the African Development Bank, the Bank has sought to develop the Africa Disaster Risk Financing Programme (ADRiFi). 

The African Risk Capacity will host a 30-minute press briefing thereafter on ‘ARC @ 5’ to tell the story of its innovative work over the past five years, provide further insights on its partnership with the Bank and  the role of ADRiFi in enhancing the disaster risk management policy infrastructure across Africa.

Media contacts:

Chinedu Moghalu, Senior Communication Specialist, African Risk Capacity, chinedu.moghalu@wfp.org

Emeka Anuforo, Communication Officer, African Development Bank, e.anuforo@afdb.org