Rwandan Government signs MoU with African Risk Capacity on Cooperation to address the impact of extreme weather events

23 November 2018

Rwandan Government signs MoU with African Risk Capacity on Cooperation to address the impact of extreme weather events

The Government of Rwanda has signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) on cooperation to address the impact of extreme weather events in Rwanda.

The MoU sets out terms and conditions and a framework to facilitate cooperation and collaboration between ARC Agency and the Government of Rwanda to address the impact of extreme weather events, including providing training support to Government personnel.

Rwanda was one of the first signatories of the ARC Establishment Agreement in November 2012 and has a seat on the ARC Agency Governing Board, and its Government has been a strong advocate for food security in the continent, and the imperative for Africa to take more ownership of its development.

Signing on behalf of the Rwandan Government, the Minister of Agriculture & Animal Resources Dr. Mukeshima Gerardine described the cooperation agreement with the African Risk Capacity as a watershed in his country’s commitment to develop a holistic risk management strategy against climate and other natural disasters.

Under the MoU and the derivative workplan, African Risk Capacity will use its parametric insurance tool, the Africa RiskView, to support the Government of Rwanda’s efforts in designing ex-ante customised responses to extreme weather events and other natural disaster risks aimed at reducing impact on the population.

In line with the agreement, ARC will also provide training in risk modelling and quantification to Government personnel. This will facilitate the definition of the country’s risk transfer parameters for each extreme weather event; and discussion on risk transfer opportunities to derive suitable solutions to Rwanda’s climate, food security, agriculture and disaster risk management strategies.

Rwanda has steadily committed to generating sustained agricultural growth, increasing the share of the national budget allocated to agriculture from 3 percent in 2006 to 10.01 percent in 2015, according to official records.

The African Risk Capacity model is an 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.

Original source: African Union
Published on 21 November 2018