Somalia - Climate Disaster Risk Financing Project

The multi-national project, submitted within the ADRiFi Programme Framework is aligned with the Bank’s Ten -year Strategy (TYS, 2024-2033) and two of the Bank's ‘High 5' priorities: "Feed Africa" and" Improve the Quality of Life of Africans". It is aligned with the Bank’s Country Strategies for the individual countries and Pillar3 of the HOA Initiative which dwells on strengthening resilience to climatic shocks, including recurrent droughts, floods, and pests, as well as conflicts, displacements, and development of the border lands. It is aligned with the Bank’s East Africa Regional Integration Strategy Paper (EA-RISP) for 2023–2027whose main objective is to accelerate structural transformation, address drivers of fragility, reinforce resilience and create decent jobs. Climatic and environmental shocks have been identified by the Bank as one of the main drivers of fragility in the HOA and Comoros, in addition to conflict and violence.