Africa has seen drought for decades. The continent has been one of the worst affected by climate change - a UN report says more than 45 million people in the continent are food insecure this year due to droughts. So, the Africa Risk Capacity (ARC) - a development insurance provider - and United Nations Convention to Combat Desertification (UNCCD) announced they will collaborate to support the development of financial tools to help Africa to adapt and become resilient to future drought and other extreme weather events. The collaboration will help African countries tide over the impact of extreme weather events, including drought. It will also encourage the private sector to participate through insurance, funding and other financial instruments.The partnership was announced at a two-day workshop in Bonn, Germany, this week.
“The message is clear. We will see an increasing number of droughts with unprecedented severity, which are exacerbated by climate change. No country or region, rich or poor, is immune to the vagaries of drought. The ARC-led XCF will become an important tool to help African countries to cope effectively with the impacts of drought,” said Ibrahim Thiaw, United Nations Convention to Combat Desertification (UNCCD) Executive Secretary.
A report by Intergovernmental Panel on Climate Change (IPCC) has warned that droughts may increase in frequency and intensity in much of Africa.Currently,the UNCCD is helping 35 of Africa’s 57 countries to create the mechanisms they need to take early action to avert drought disasters. Today, Africa is ramping up pre-emptive actions as a unified front against future drought and climate-induced disasters in the region,
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