Madagascar - Africa Disaster Risks Financing Progamme (ADRIFI) (AFDB-P-MG-HZ0-001)

Countries
  • Madagascar
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Madagascar
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 10, 2020


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Project Description

According to bank documents, the Africa Disaster Risks Financing Programme (ADRiFi) will reinforce Madagascar's disaster risks management (DRM) efforts through the establishment of an effective early warning system, a contingency plan and national response mechanisms adapted to the country, as well as provide an immediate, more economical and effective response to drought. ADRiFi will build Madagascar's capacity in disaster risk assessment, early warning systems and contingency plans, and support the country's participation in the sovereign risk transfer mechanism of the African Risk Capacity (ARC). In-depth preparedness will enable the country to rapidly deploy funds based on pre-approved disaster contingency plans, thus securing the environment for small-scale farmers and the livelihood of rural dwellers in the event of drought. The programme targets areas of the country that are vulnerable to risks of disasters related to tropical cyclones, floods and drought. Due to the drought risk coverage provided by the ARC as part of the programme, the programme's target area is the "Great South" of Madagascar because of its high vulnerability to drought. The ADRiFi programme has three components: (i) developing climate risk management solutions; (ii) Supporting access to disaster risk transfer solutions; and (iii) Programme management and coordination. The programme covers a 5-year period (2019-2023) and will cost UA 3.29 million.

The programme has the following specific objectives: (i) build Madagascar's capacity to assess the risks and costs of climate hazards, particularly drought, and develop subsequent adaptation measures at national and subnational level; and (ii) provide rapid-response funding (including disbursement of emergency funds) to address climate hazards at national and local levels.

Investment Description
  • African Development Bank (AFDB)
Contact Information

NARTEY Cecil
c.nartey@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/