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

TheAfrica 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 climateevents, including droughts, floods and tropical cyclones, as well as promote the adoption of disaster risk financing toolssuch as sovereign risk insurance, as a viable solution for addressing climate risks. The total cost of the project is estimated at UA 0.73 million, net of taxes and duties. The Bank will provide UA 0.5 million from the country’s ADF 14 grant allocation.The ARC will provide in-kind contribution for trainings estimated at about UA 0.23million. The project will run for a period of twenty-four(24) months, starting March 2020 to March 2022.The Ministry of Finance and Economic Development (MoFED) will be responsible for implementation.