Description

Climate and Disaster Risk Financing and Insurance (CDRFI) is a key means of promoting reliable and timely responses to climate change-related disasters. 

 

This strategic project developed in collaboration with the InsuResilience Global Partnership (IGP) is part of this perspective. It seeks to strengthen the resilience of developing countries and protect the lives and livelihoods of the poorest and most vulnerable against the impacts of climate-related disasters (see: www.insuresilience.org). It aims to create a multi-actor partnership (MAP) at the national level on climate and disaster risk finance and insurance (CDRFI). It consists of bringing together all the stakeholders and building their capacities in order to carry out concerted initiatives to support vulnerable groups threatened by climate and disaster risks. In addition to Senegal, the project is also implemented in Laos, Sri Lanka, Malawi, Madagascar, the Philippines, and the Caribbean (Antigua and Barbuda, Barbados, and Grenada).

Major issue

Strengthening the resilience of vulnerable communities to climate-related risks and disasters
 

Goals

Objectives of the project

The overall objective of the project is to develop an international community of stakeholders capable of generating and promoting good practices in the use of CDRFI. The objectives in Senegal are the following:

 

·      The establishment by the end of 2021 of a national Multi-Actor Partnership, bringing together all relevant stakeholders (government, civil society organisations, the private sector, and universities/scientists), 

·      Increase expertise and exchanges on CDRFI-related issues in Senegal, 

·      Promote the development and implementation of gender-equitable, pro-poor, and human rights-based CDRFI approaches to risk financing.

Expected results

The expected results include:

 

·      Increased expertise at the national level on issues related to CDRFI mechanisms

·      The development, implementation and sharing of CDRFI approaches that are more sensitive to gender, poverty and human rights in Senegal and at the international level

·      Harmonization and coordination of activities related to CDRFI systems transfer at the national level through the establishment of exchange frameworks for the community of stakeholders.