Zimbabwe - Africa Disaster Risk Financing (ADRiFi) Capacity-building Project (AFDB-P-ZW-AA0-018)

Countries
  • Zimbabwe
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 22, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Zimbabwe
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.69 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 8, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank documents, the specific objectives of the project are: (i) to strengthen the capacity of the country to understand climate-related risks, estimate their related costsf or the country, and elaborate subsequent adaptation measures to extreme events at both national and sub-national levels; and (ii) to promote instruments for financing climate related to disasters, including insurance. The Bank will collaborate with the African Risk Capacity (ARC)in implementing the 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.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/ 

How it works

How it works