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<DIV style="TEXT-ALIGN: center"><STRONG>Africa
developing new tools to build resilience to future
drought
shocks</STRONG><BR> </DIV></TD></TR></TBODY></TABLE><!--[if mso]>
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href="https://mailchi.mp/unccd/africa-developing-new-tools-to-build-resilience-to-future-drought-shocks?e=2649914cd5"
target=_blank>View this email in your browser</A>
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<DIV style="TEXT-ALIGN: center"><SPAN
style="COLOR: #006400"><SPAN
style="FONT-SIZE: 14px"><STRONG>Africa
Developing New Tools to Build Resilience to
Future Drought
Shocks</STRONG></SPAN></SPAN><BR><BR> <BR><STRONG>FOR
IMMEDIATE RELEASE</STRONG><BR>
</DIV>
<DIV style="TEXT-ALIGN: left"><STRONG>Bonn,
</STRONG><STRONG>23</STRONG><STRONG> October
2019</STRONG> – Droughts have decimated
communities and livelihoods in Africa for long.
This year alone, over <A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=667b038ada&e=2649914cd5">45
million people across Africa</A>, mostly in
Eastern and Southern Africa, are food insecure
due to prolonged droughts.<BR><BR>The Africa
Risk Capacity (ARC) and the United Nations
Convention to Combat Desertification (UNCCD)
announced they will collaborate to support the
development of financial tools to help Africa to
adapt and become resilient to future drought and
other extreme weather events.<BR> <BR>The
partnership will support African countries in
managing the impact of extreme weather events,
including drought. It will also seek to leverage
private sector resources through the development
of new financial instruments that can provide
insurance protection and other funding to
mitigate these risks.<BR> <BR>The
announcement was marked by the signing of a
Memorandum of Understanding by Ibrahim Thiaw,
UNCCD Executive Secretary, and Mohamed Beavogui,
ARC Director General, during a two-day technical
workshop convened on 22 and 23 October in Bonn,
Germany.<BR> <BR>The workshop is reviewing
the proposed principles and work of the eXtreme
Climate Facility (XCF). XCF is a new financial
vehicle aiming to tap into capital market
resources to provide financial support to
countries affected by extreme weather
events.<BR> <BR>Technical experts gathered
at the workshop are exploring the robustness of
the core elements of the XCF. These include the
financial products and their underlying index,
viable alternative market-based solutions and
the partnerships that are essential to deliver
both the product and the aims.<BR> <BR>The
process for the XCF began in March 2014 when the
African Union Conference of Ministers of Finance
requested the ARC, by decision no. 927(XLVII),
at the Seventh AU-ECA Joint Annual Meetings in
Abuja, Nigeria, to develop a financing mechanism
to enhance Member States’ response to the
impacts of increasing climate
volatility.<BR> <BR>The first Special
Report on Climate Change and Land released just
three months ago by the authoritative
Intergovernmental Panel on Climate Change <A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=9719bbf025&e=2649914cd5">warns
that droughts may increase in frequency and
intensity in much of
Africa</A>.<BR> <BR><EM>“The message is
clear. We will see an increasing number of
droughts with unprecedented severity, which are
exacerbated by climate change. No country or
region, rich or poor, is immune to the vagaries
of drought. The</EM><EM> ARC-led</EM><EM> XCF
will become an important tool to help African
countries to cope effectively with the impacts
of drought</EM><EM>,</EM><EM>”</EM><EM> said
Ibrahim Thiaw during the
ceremony.</EM><BR> <BR><EM>“</EM><EM>Currently,
through the </EM><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=97023ea5fe&e=2649914cd5"><EM>D</EM><EM>rought
</EM><EM>I</EM><EM>nitiative</EM></A><EM>, the
UNCCD is</EM><EM> helping </EM><EM>35
</EM><EM>of </EM><EM>Africa’</EM><EM>s</EM>
<EM>57 </EM><EM>countries</EM><EM> to create the
mechanisms they need to take early action to
avert drought </EM><EM>disaster</EM><EM>s.
</EM><EM>Today, Africa is ramping up pre-emptive
actions as a unified front against future
drought and climate-induced disasters in the
region</EM><EM>,</EM><EM>” Thiaw</EM><EM>
added</EM><EM>.</EM><BR> <BR><EM>“Reducing
the impacts of drought and other natural
disasters by helping Member States’ improve
climate resilience through innovative mitigation
and risk financing instruments are key to our
mandate,” said ASG Beavogui.
</EM><BR> <BR><EM>“</EM><EM>The Agreement
signed today with UNCCD will create a functional
synergy in our efforts to help countries better
understand their risk profiles, improve
knowledge and strengthen capacities for climate
adaptation and food security,</EM><EM>” Beavogui
concluded.</EM><BR> <BR>As designed
currently, the XCF has a three-point agenda; to
connect to private sector financing, to
encourage best practice in public policy and to
integrate climate science into its
functions.<BR> <BR><STRONG><U>Notes to
Editors</U></STRONG><BR>A 2-page background note
is attached to this press release. Download it
here: <A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=41ee343f2c&e=2649914cd5">https://www.unccd.int/sites/default/files/inline-files/ARC_Background_NoteonTRF.pdf</A><BR>Download
picture here: <A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=0c56f6b6a7&e=2649914cd5">https://www.unccd.int/sites/default/files/inline-images/ARC_UNCCD_Chiefs.jpg</A><BR>Caption
for Picture: <SPAN
style="LINE-HEIGHT: 117%; FONT-FAMILY: segoe ui,sans-serif; FONT-SIZE: 10pt; mso-ansi-language: EN-US"
lang=EN-US>L-R: UN-ASG Mohamed Beavogui,
Director-General, African Risk Capacity and
UN-USG Ibrahim Thiaw, Executive Secretary,
United Nations Convention to Combat
Desertification with copies of the MoU.
</SPAN><BR> <BR><EM><U>Additional Quotes
about the XCF</U></EM><BR><SPAN
style="FONT-FAMILY: segoe ui,sans-serif; FONT-SIZE: 10pt; mso-ansi-language: EN-GB; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US"
lang=EN-GB>ASG Mohamed Beavogui, the
Director-General of ARC</SPAN>:
<EM>“</EM><EM>Since the inception of the XCF
programme in 2014, this is the first Technical
Review Forum where the overall end-to-end
framework is considered and reviewed. Our
guiding principle since the creation of ARC is
to interrogate our concepts by subjecting our
models to the best available experts in that
field. We did this with our drought tool, the
African RiskView, which remains the
best-in-class to-date for Africa. We are
grateful to all our partners and industry
experts that have joined us in this
process</EM>.”<BR> <BR><EM>“The World Bank
supports countries with climate adaptation
measures and is committed to working with
countries to strengthen financial resilience
against climate and disaster shocks,”</EM> said
Mr. Miguel Navarro-Martin, Manager of Banking
Products, World Bank Treasury. <EM>“Our focus is
on helping countries to protect their fiscal
accounts against external risks. The XCF concept
being developed by ARC provides an opportunity
for African countries to access financial
solutions to manage disaster risk and to fund a
portfolio of climate resilient
investments,”</EM> he further
stated<EM>.</EM><BR> <BR>Commending ARC and
UNCCD on the initiative, Dr. Astrid Zwick,
Head of InsuResilience Secretariat remarked,
“<EM>The centrality of our collaboration with
countries is to enable a more timely and
reliable post-disaster response. Critical to
this are preparedness and readiness using
climate disaster risk finance and insurance
solutions. The XCF promises to be one of those
instruments that can complement ongoing efforts
in countries to avert, minimize and address
climate disaster risks by strengthening local
adaptive capacity and resilience. We are glad to
be part of this
process.”</EM><BR> <BR><STRONG><EM><U>Quotes
Relating to the
MoU</U></EM></STRONG><BR><EM>UN-ASG Mohamed
Beavogui, the Director-General of ARC: “The
mandate of the UNCCD resonates with ARC’s
mission. </EM><EM>Reducing the impacts of
drought and other natural disasters by helping
Member States’ improve climate resilience
through innovative mitigation and risk financing
instruments are key to our mandate</EM><EM>. The
Agreement will create a functional synergy in
our efforts to help countries better understand
their risk profiles, improve knowledge and
strengthen capacities for climate adaptation and
food security. </EM><BR> <BR><EM>Executive
Secretary Ibrahim Thiaw: “Today marks the
beginning of a unified front against drought and
climate-induced disasters in the African region.
We currently manage programmes closely related
to climate adaptation and natural disaster risk,
including the Drought Initiative. </EM><EM>Our
key</EM><EM> aims </EM><EM>are</EM><EM> to
support the establishment and implementation of
national drought plans</EM><EM> and</EM><EM>
mobilise innovative financial instruments to
better mitigate the risks of extreme climate
situations.”</EM><BR> <BR>For technical
information on XCF:<BR>Oluwatosin ADESIYAN, Lead
Advisor,
XC<BR>oluwatosin.adesiyan@wfp.org<BR> <BR>Media
Inquiries about the ARC:<BR>Chinedu Moghalu,
Senior Communications Specialist<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">chinedu.moghalu@arc.int</A>;
<A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">chinedu.moghalu@wfp.org</A><BR> <BR>For
technical information about the UNCCD
Contact:<BR>Ms. Camilla Nordheim-Larsen,
Programme Coordinator<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">cnordheim@unccd.int</A><BR> <BR>For
media interviews during the Bonn meeting,
contact:<BR>Wagaki Wischnewski, Public
Information and Media Officer<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">wwischnewski@unccd.int</A><BR> <BR><STRONG><U>About
Africa Risk Capacity</U></STRONG><BR>The ARC
Agency leads the ARC Group, a development
finance institution that provides financial
tools and infrastructure to help countries
manage natural disaster risk and adapt to
climate change. The Agency currently has a
membership of 34 African Union (AU) Member
States and is supervised by a ministerial-level
governing board elected by its Conference of the
Parties. The African Risk Capacity model is
home-grown, innovative, cost-effective, and is
proving that it can assist member-states to
strengthen their capacities to better plan,
prepare and respond to extreme weather events
and natural disasters, thereby achieving the
food security for their populations. Since 2014,
32 policies have been signed by Member States
with US$73million paid in premiums for a
cumulative insurance coverage of US$553million
for the protection of 55million vulnerable
population in participating
countries.<BR> <BR><STRONG><U>About
UNCCD</U></STRONG><BR>The UNCCD is an
international agreement on good land
stewardship. It helps people, communities and
countries to create wealth, grow economies and
secure enough food and water and energy, by
ensuring land users have an enabling environment
for sustainable land management. Through
partnerships, the Convention’s 197 Parties set
up robust systems to manage drought promptly and
effectively. Good land stewardship based on a
sound policy and science helps integrate and
accelerate the achievement of the Sustainable
Development Goals, builds resilience to climate
change and prevents biodiversity
loss.</DIV></TD></TR></TBODY></TABLE><!--[if mso]>
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src="https://gallery.mailchimp.com/d257fa3ad4084c603979d0e42/images/989ceb7c-f00a-41f1-877d-6daffb11fb9f.jpg"
width=164> </TD></TR>
<TR>
<TD
style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; LINE-HEIGHT: 150%; PADDING-LEFT: 9px; PADDING-RIGHT: 9px; FONT-FAMILY: Helvetica; COLOR: #656565; FONT-SIZE: 12px; PADDING-TOP: 0px; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
class=mcnTextContent vAlign=top width=164>
<DIV style="TEXT-ALIGN: left"><SPAN
style="FONT-SIZE: 12px"><SPAN
style="COLOR: #006400"><STRONG><U>Contact
Information</U></STRONG></SPAN></SPAN><BR>For
technical information on XCF:<BR>Oluwatosin
ADESIYAN, Lead Advisor,
XC<BR>oluwatosin.adesiyan@wfp.org<BR> <BR>Media
Inquiries about the ARC:<BR>Chinedu Moghalu,
Senior Communications Specialist<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">chinedu.moghalu@arc.int</A>;
<A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">chinedu.moghalu@wfp.org</A><BR> <BR><BR> </DIV></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE
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<TABLE
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<TBODY>
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align=middle><IMG
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width=164> </TD></TR>
<TR>
<TD
style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; LINE-HEIGHT: 150%; PADDING-LEFT: 9px; PADDING-RIGHT: 9px; FONT-FAMILY: Helvetica; COLOR: #656565; FONT-SIZE: 12px; PADDING-TOP: 0px; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
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<DIV style="TEXT-ALIGN: left"><SPAN
style="FONT-SIZE: 12px"><SPAN
style="COLOR: #006400"><STRONG><U>Contact
Information</U></STRONG></SPAN><BR> </SPAN>For
technical information about the UNCCD
Contact:<BR>Ms. Camilla Nordheim-Larsen,
Programme Coordinator<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">cnordheim@unccd.int</A><BR> <BR>Media
contact:<BR>Wagaki Wischnewski, Public
Information and Media Officer<BR><A
style="COLOR: #2baadf; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly">wwischnewski@unccd.int</A><BR><BR> <BR> </DIV></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<TABLE
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<TABLE
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<TBODY>
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<TD
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<TABLE
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<TBODY class=mcnBoxedTextBlockOuter>
<TR>
<TD
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<td align="center" valign="top" ">
<![endif]-->
<TABLE
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<TBODY>
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<TD
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<TABLE
style="MIN-WIDTH: 100% !important; BACKGROUND-COLOR: #999999; BORDER-COLLAPSE: collapse; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-table-lspace: 0pt; mso-table-rspace: 0pt"
class=mcnTextContentContainer border=0
cellSpacing=0 width="100%">
<TBODY>
<TR>
<TD
style="TEXT-ALIGN: center; PADDING-BOTTOM: 18px; LINE-HEIGHT: 150%; PADDING-LEFT: 18px; PADDING-RIGHT: 18px; FONT-FAMILY: Helvetica; COLOR: #f2f2f2; FONT-SIZE: 14px; FONT-WEIGHT: normal; PADDING-TOP: 18px; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
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<DIV><SPAN style="FONT-SIZE: 14px"><STRONG><A
style="COLOR: #656565; FONT-WEIGHT: normal; TEXT-DECORATION: underline; -ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%; mso-line-height-rule: exactly"
href="https://unccd.us6.list-manage.com/track/click?u=d257fa3ad4084c603979d0e42&id=d2710e7936&e=2649914cd5"
target=_blank><SPAN style="COLOR: #000000">About
the UNCCD</SPAN></A></STRONG></SPAN></DIV>
<DIV style="TEXT-ALIGN: justify">The United
Nations Convention to Combat Desertification
(UNCCD) is the only legally binding
international agreement on land issues. The
Convention promotes good land stewardship. Its
197 Parties aim, through partnerships, to
implement the Convention and achieve the
Sustainable Development Goals. The end goal is
to protect our land, from over-use and drought,
so it can continue to provide us all with food,
water and energy. By sustainably managing land
and striving to achieve land degradation
neutrality, now and in the future, we will
reduce the impact of climate change, avoid
conflict over natural resources and help
communities to
thrive.</DIV></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><!--[if gte mso 9]>
</td>
<![endif]--><!--[if gte mso 9]>
</tr>
</table>
<![endif]--></TD></TR></TBODY></TABLE>
<TABLE
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<TABLE
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<TABLE
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<TBODY>
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<TD
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<TBODY>
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<TBODY>
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<TBODY>
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<TD
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<TBODY>
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<TABLE
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<TBODY>
<TR>
<TD
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<TABLE
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<td valign="top" width="600" style="width:600px;">
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<DIV style="FONT: 10pt arial"
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<DIV style="FONT: 10pt arial"
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