ARC to man­age drought risks in Africa

RISKAFRICA Magazine - - NEWS -

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.

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