Syndicate content

Disaster Risk Financing and Insurance Program

Building African nations and communities’ financial resilience to climate and disaster risks

Christoph Pusch's picture
West African Sahel and Dry Savannas @ FlickR / CGIAR Research Program on Dryland Systems

Sub-Saharan Africa is making significant economic and development strides. Yet, natural disasters, combined with the effects of climate change, rapid urbanization, and conflict situations are threatening these gains, keeping vulnerable and poor communities in a chronic cycle of poverty:
  • 425 million people who live in Africa’s drylands are highly exposed to climate shocks, and this number is set to grow by at least 50% by 2030. We cannot fully quantify the human cost, but Kenya alone suffered losses of $12 billion in the 2008 to 2011 drought. Official development assistance (ODA) in humanitarian aid to the Horn of Africa after the 2011 drought was $4 billion, 10% of all aid to Africa.
  • Africa’s coastal cities are engines of growth, but are highly vulnerable to flooding and sea-level rise. In the last three years, major floods have hit cities such as Maputo, Dakar, Lagos and Douala. Like droughts, floods won’t go away. Along with periods of extreme heat, strong winds and coastal storms, they are likely to become more frequent.
  • Ebola Virus Disease outbreak, from March 2014, was the most widespread, and reached epidemic proportions. The poor bore the brunt, lost their jobs and incomes, had difficulty accessing medical services and suffered psycho-social trauma. On a macro-level, Guinea, Liberia and Sierra Leone are estimated to lose over $1.6 billion in forgone economic growth in 2015.
  • Conflicts and disasters often reinforce each other to worsen negative development impacts and increase human suffering. From 2005 to2009, more than 50% of people affected by disasters lived in fragile and conflict-affected states (globally). Fourteen out of the 20 most conflict-affected states are in Africa.