DRFF in the News
Sep 24
2023
West Africa countries face increasing frequency and intensity of climatic shocks and natural disasters due to climate change, threatening to roll back development gains and undermine efforts to end extreme poverty and boost shared prosperity. Increasingly, these disasters contribute to unprecedented levels of food insecurity, migration, and conflict. Agriculture sector is an important pillar of the economy in these countries and remains vulnerable to climatic shocks such as droughts and floods... Keep reading
Sep 19
2023
“Lessons Learned and Impact of Meso-Level Index-Based Insurance and Credit Solutions”, the third webinar in the “Disaster Risk Financing Solutions for Climate-resilient Livelihoods in the Agricultural Sector” knowledge series, was held on September 5, 2023. The webinar delved deep into meso-level solutions, which involve financial institutions (FIs) such as banks, cooperatives, microfinance institutions, or agricultural enterprises as policyholders. These entities utilize index-based solutions... Keep reading
Sep 06
2023
Story Highlights Until recent rain fell in the Horn of Africa, more than 9.5 million animals died from prolonged drought, eroding the livestock trade. The De-risking, Inclusion, and Value Enhancement of Pastoral Economies Project, is designed to protect pastoralists against heavy financial losses and improve their access to markets. Rather than putting all their money into building their flocks, the idea is for pastoralists to have cash available to survive disasters, with savings accounts for... Keep reading