ARC to manage drought risks in Africa
The African Risk Capacity (ARC), which was established in Ethiopia last month, is a project of the African Union (AU), designed to improve current responses to drought food security emergencies and to build capacity within AU member states to manage drought risks.
While foreign aid usually takes several months to arrive, the AU says this specialised agency will develop an agreement on a pooled risk insurance facility for droughts, floods, earthquakes and cyclones in Africa. This is according to a report by Zimbabwe’s Herald Online.
The AU also asked the African Union Commission to convene a meeting of government experts in 2013 to consider and adopt the ARC establishment agreement. The UN International Strategy for Disaster Reduction says the ARC is a welcome development, which will speed up the distribution of aid to affected regions in Africa.