PRESS RELEASE: France contributes US $5 million to African Risk Capacity to support climate risk insurance
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PARIS—The African Risk Capacity (ARC) on December 13 welcomed a US $5 million contribution from the Agence Française de Développement (AFD) which will help African governments respond to climate-related disasters more quickly, effectively, and sustainably.
The contribution will help further ARC’s mission of building the capacity of African governments to manage disaster risks through the implementation of early warning tools, contingency planning, and specialized insurance.
ARC
Director-General and United Nations Assistant Secretary General (ASG)
Mr Mohamed Béavogui, an expert in Agricultural Finance, was elected as the first African General Manager of the African Risk Capacity in January 2015 during the 3rd annual Conference in Addis Ababa, Ethiopia. In September 2015, he took over from interim Director-General, Dr.
