High Level Discussion during the World Bank Annual Meetings

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When: 17th October 2019

Who: The German Ministry for Economic Cooperation and Development (www.bmz.de/en), and the UK Department for International Development (DFID), and African Risk Capacity (ARC)

Where: Room J-B1 075, J-Building of the World Bank, Washington D.C.

Time: 4:00 pm – 5:30 pm EST

Download List of Speakers / discussants document: https://bit.ly/2INK3dF

Context: At the recent UN Climate Action Summit, a key focus was set on the need to build a conducive and collaborative environment to support climate and disaster risk financing solutions in building resilience and protecting development gains.

This event, convened by Germany and the United Kingdom, together with the African Risk Capacity, is geared towards engaging representatives of governments, international institutions, and experts in a conversation on the future of disaster risk financing in Africa.

Specific Objectives:

The High-Level Conversation will elicit responses from the discussants on the following questions:

How can financial resilience for natural disaster risk in Africa be strengthened? What is the role of the World Bank (WB), the African Risk Capacity (ARC), the African Development Bank (AfDB) and countries? How can the WB, ARC, and AfDB work together to develop this vision?  How to develop effective frameworks for climate and disaster risk management and ensure quality?

Purpose / Rationale for Media Participation:

Members of the media are invited to participate in the discussions and interact with the speakers to get first-hand responses on the above questions. Please see attached list of speakers / discussants.

Also, the conversation presents a good opportunity to appreciate current efforts at formulating a climate and disaster risk management strategy for Africa that speaks to the need for an implementation of adaptation and mitigation measures. This measure particularly underscores the role of new and rapidly evolving public-private sector financial resources, innovations in technology and capacity building and how this be leveraged for effective climate action.

Distributed by APO Group on behalf of Federal Ministry for Economic Cooperation and Development (BMZ).

Media Contacts: Dr. Antje Kästner Referentin / Senior Policy Officer Referat 422: Klimainitiativen / Division 422: Climate Initiatives Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) / Federal Ministry for Economic Cooperation and Development Stresemannstraße 94, 10963 Berlin, Germany Tel.: +49 (0)30 / 18535–2478 [email protected] www.bmz.de/en/

Daniel Wilcox Private Sector Development Advisor Disaster Risk Finance Team Private Sector Department, UK DFID 22 Whitehall, London, SW1A 2EG +447880300190 www.dfid.gov.uk

Chinedu Moghalu Senior Communications Specialist African Risk Capacity (ARC) Mob: +27 (0) 83-308-7068 [email protected] [email protected] www.africanriskcapacity.org

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