{"id":98345,"date":"2024-06-01T00:05:22","date_gmt":"2024-05-31T21:05:22","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=98345"},"modified":"2024-06-01T00:05:24","modified_gmt":"2024-05-31T21:05:24","slug":"netherlands-allocates-27-m-to-promote-africas-climate-resilience","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/netherlands-allocates-27-m-to-promote-africas-climate-resilience\/","title":{"rendered":"Netherlands allocates $27 m to promote Africa&#8217;s climate resilience"},"content":{"rendered":"\n<p dir=\"ltr\">Netherlands earmarked $27 million to the Africa <a href=\"https:\/\/www.csregypt.com\/en\/world-bank-approves-200-million-development-policy-loan-for-disaster-risk-management-in-guatemala\/\">Disaster Risk<\/a> Financing Program Multi-Donor Trust Fund.<\/p>\n\n\n\n<p dir=\"ltr\">With this commitment, signed earlier this month, the Netherlands becomes the sixth contributor to the Fund, operated by the Bank Group to boost Africa\u2019s resilience and responsiveness to climate shocks.<\/p>\n\n\n\n<p dir=\"ltr\">The Africa Disaster Risk Financing Program (ADRiFI) Multi-Donor Trust Fund bolsters drought insurance protection for African countries to mitigate the negative impacts of climate-related extremes such as cyclones, flooding and drought. Working in collaboration with the African Risk Capacity Ltd., the funds will support the Bank\u2019s promotion of parametric insurance and other climate risk management instruments in Africa.<\/p>\n\n\n\n<p dir=\"ltr\">During discussions on the sideline of the Bank\u2019s Annual Meetings in Nairobi, Kenya, Mark Zellenrath, Director for Multilateral Institutions and Human Rights at the Dutch Ministry of Foreign Affairs, and Bank Vice President Dr. Beth Dunford welcomed the new partnership.<\/p>\n\n\n\n<p dir=\"ltr\">\u201cThis Dutch government commitment to the Trust Fund will help bring additional protection to millions of the continent\u2019s most vulnerable people threatened by climate disaster,\u201d said Dunford, responsible for agriculture, human and social development at the Bank<\/p>\n\n\n\n<p dir=\"ltr\">Mark Zellenrath said: \u201cThe Kingdom of the Netherlands is proud of becoming a new donor to the Africa Disaster Risk Financing Programme and providing additional funding to reduce the protection gap in Africa and make parametric insurance solutions accessible to those at the frontlines of climate change across the African continent.\u201d<\/p>\n\n\n\n<p dir=\"ltr\">The Bank has invested more than $100 million and supported 16 African countries to access sovereign insurance and financial protection against climate hazards.<\/p>\n\n\n\n<p dir=\"ltr\">Apart from the Netherlands, other donors to the ADRiFi Multi-Donor Trust Fund are the United Kingdom, Switzerland, the United States, Canada, and Norway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netherlands earmarked $27 million to the Africa Disaster Risk Financing Program Multi-Donor Trust Fund. With this commitment, signed earlier this month, the Netherlands becomes the sixth contributor to the Fund, operated by the Bank Group to boost Africa\u2019s resilience and responsiveness to climate shocks. The Africa Disaster Risk Financing Program (ADRiFI) Multi-Donor Trust Fund bolsters [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":98346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[8563,15126,15130,15733],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netherlands allocates $27 m to promote Africa&#039;s climate resilience - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Netherlands earmarked $27 million to the Africa Disaster Risk Financing Program Multi-Donor Trust Fund.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/netherlands-allocates-27-m-to-promote-africas-climate-resilience\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netherlands allocates $27 m to promote Africa&#039;s climate resilience - 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