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MPI: African Risk Capacity (ARC)
| Funder | U.S. Agency for International Development |
|---|---|
| Recipient Organization | World Food Program |
| Country | World |
| Start Date | Nov 24, 2015 |
| End Date | May 02, 2018 |
| Duration | 890 days |
| Number of Grantees | 8 |
| Roles | Recipient |
| Data Source | US Foreign Aid |
| Grant ID | 206444-76 |
Grant Description
ARC will finalize the flood and tropical cyclone models that will be used to develop country level insurance products, and continue refine the drought model.
Work will continue with countries interested in participating in the third risk pool either as completely new products, or already participating countries expanding coverage to include tropical cyclones.
ARC will continue to refine financial audit and contingency planning processes, and enhance monitoring and evaluation capacity.
A long term evaluation of ARC being funded by DFID will begin in 2016, as will a Cost Benefit Analysis for drought, flood, and tropical cyclone insurance and contingency planning.
Two new initiatives: the Extreme Climate Facility for climate adaptation financing; and the R&D phase for Outbreak and Epidemic (O&E) insurance for ARC Member States.
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World Food Program
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