Tous Actualités
Suivre
Abonner KfW

KfW

Action instead of reaction: KfW supports innovative drought insurance for emergency aid organisations in Africa

Main (ots)

   - EUR 10 million for ARC Replica, the new approach by African Risk
     Capacity drought insurance
   - Insurance agreements concluded with the World Food Programme and
     START Network
   - More emergency aid measures and faster effective aid possible

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW has for the first time provided EUR 10 million to emergency aid organisations within the framework of a two-year pilot phase for the innovative ARC Replica insurance instrument. The United Nations World Food Programme (WFP) and the non-governmental organisation START Network (START) have concluded the first insurance agreements for Mali, Mauritania and Senegal. They are benefiting from a new auxiliary insurance instrument from African Risk Capacity (ARC) for damage caused by drought in Africa. It offers countries early warning systems and emergency aid planning. As soon as an African state has acquired an insurance policy at its own expense through ARC, international emergency aid organisations can increase the insured amount, which means that they can conclude a policy in the same amount with their funds. As a result, more emergency aid can be financed than was previously possible in the event of a disaster, and aid can be provided more quickly and effectively.

"The ARC Replica model could fundamentally change the system of international emergency aid. The motto is 'action instead of reaction'. By concluding an insurance policy with ARC, aid organisations know that they quickly have the funds at their disposal to help those affected right away should a disaster occur," said Dr Joachim Nagel, Member of the Executive Board of KfW Group.

According to the ARC concept, to conclude an insurance policy, countries are required to draw up detailed emergency aid plans. Two satellites continuously measure how much rainfall occurs in specific regions. Software calculates if and when a drought is expected within the framework of the early warning systems. If there is insufficient rain fall or if rain fall is inconsistent, the insurance is triggered based on a threshold value defined in the policy.

If an international organisation obtains additional insurance coverage for a country through ARC Replica, it coordinates its emergency aid plans with the country's plans. This enables national and international organisations to coordinate their measures with one another, which leads to more effective aid for the people affected by drought.

More information on KfW Development Bank is available at: http://ots.de/13e5nY

Contact:

KfW, Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM), Charis Pöthig
Tel. +49 (0)69 7431 4683, Fax: +49 (0)69 7431 3266,
E-Mail: charis.poethig@kfw.de, Internet: www.kfw.de

Plus de actualités: KfW
Plus de actualités: KfW
  • 09.08.2018 – 10:00

    KfW Board of Supervisory Directors extends contract of Executive Board member Bernd Loewen

    Frankfurt am Main (ots) - The Chair of KfW's Board of Supervisory Directors, Peter Altmaier, Federal Minister for Economic Affairs and Energy, and Deputy Chair Olaf Scholz, Federal Minister of Finance, hereby declare the following: The KfW Board of Supervisory Directors has appointed Bernd Loewen (52) as a Member of the Executive Board of KfW for five more years until ...

  • 08.08.2018 – 10:23

    Successful first half of 2018 for KfW promotion

    Frankfurt am Main (ots) - - Total promotional business volume of EUR 36.1 billion - Domestic promotion at a high level - Strong demand for housing finance continues - Commitments at KfW IPEX-Bank increase to EUR 6.7 billion - Businesses show high level of interest in promotion for innovation and digitalisation - Consolidated profit of EUR 822 Million KfW Group's promotional activity achieved a total volume of EUR 36.1 ...