[AFDB] Malawi: African Development Bank extends grants of $9.25 million for rollout of Climate Disaster Risk Financing

The Board of Directors of the African Development Bank has approved two grants of $9.25 million to implement the Africa Disaster Risk Financing Programme (ADRiFi) in Malawi. The move will boost the country’s resilience against climate-related shocks and food insecurity.

The funding will support the government of Malawi to develop climate risk management solutions and pay its sovereign risk premium for the transfer of drought risks under the Africa Disaster Risk Financing Programme.