Africa develops new tools to build resilience to future drought shocks
Bonn, Germany – Droughts have decimated communities and livelihoods in Africa for long. This year alone, over 45 million people across Africa, mostly in Eastern and Southern Africa, are food-insecure due to prolonged droughts. The Africa Risk Capacity (ARC) and UNCCD announced they will collaborate to support the development of financial tools to help Africa adapt and become resilient to future drought and other extreme weather events. On 23 October 2019, ARC Director-General Mr. Mohamed Beavogui and UNCCD Executive Secretary Mr. Ibrahim Thiaw signed a Memorandum of Understanding to support African countries in managing drought impacts and leveraging private sector resources through development of new financial instruments.
Photo (left to right): UNCCD Executive Secretary Ibrahim Thiaw and ARC Director-General Mohamed Beavogui signing the MoU.