The ADRiFi programme in Malawi will be implemented in two phases with the initial phase spanning for two (2) years 2022 and2023 and the second phase for additional two(2) years-2024 and2025-subject to availability of financial resources. The budget for the first phase is USD10.13millionco-financed from ADF 15resources for UA 3.5 million(approximately USD 4.9 million), the ADRiFi Multi-Donor Trust Fund (MDTF) for USD 4.35 million, the Government of Malawi for USD 0.4million and an in-kind contribution by the African Risk Capacity for USD 0.48 million. The direct beneficiary of the Programme is the Government of Malawi, which will benefit from support in the payment of its sovereign risk premium for the transfer of drought risks, as well as the agencies involved in disaster risk management in the country that will benefit from capacity building. The indirect beneficiaries of the programme are the vulnerable smallholder farmers exposed to drought with a significant proportion of them being women and children. The project primely contributes towards climate Adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.

Malawi

African Development Bank Group

Africa Southern Africa Sub-Saharan Africa

Law and Legal Construction Computer Hardwares and Consumables Industry

01.06.2022

Original Url