Doing (Even) Better With The Resources In Hand March 2018

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Presentation transcript:

Doing (Even) Better With The Resources In Hand March 2018

$200 billion ARC Context: Current State Global economic losses from natural disasters in past decade Losses attributable to extreme weather events 100 million people pushed into extreme poverty by 2030 due to climate change Source: World Bank’s Report - Shock Waves: Managing the Impacts of Climate Change on Poverty

ARC Context: Africa -Current State Figure 1- Climate vulnerability index and worst climate risks in Africa - Source: Verisk Maplecroft 2015

ARC Value Proposition Act Redefine Collaborate African governments have decided to decisively act to make informed climate proof economic decisions Redefine ARC is changing the dialogue from Disaster Response to Disaster management and preparedness Collaborate Efficient Leveraging of public sector resources maximizing through capital markets

ARC Context: Disaster Management Response ARC aims to provide cost-effective contingency funding to protect livelihoods and development gains

*Based on average household of 6 individuals Household and National Level Impacts Cost by household* of delaying response until X months after the harvest  *Based on average household of 6 individuals Months 1 2 3 4 5 6 7 8 9 Cost Negligible cost US$ 49 US$ 1,294 Assistance needs to reach the affected population before month four to prevent the impact of reduced food intake or at least by month six to prevent asset sales

Pay-Outs $34 million paid out 2.1 million people assisted $54 million in premium

Payout Implementation Description Senegal (USD $16.5 Million)) Mauritania (USD $6.3 Million) Niger (USD $3.5 Million) Malawi (USD $8.1 Million) Planned /Implemented Activities Targeted food distribution Subsidized sales of cattle feed Targeted Food distribution Targeted Food Distribution Conditional cash transfer and food distribution in drought-affected regions Cash transfer Replenishment of Strategic Grain reserves Beneficiaries Total beneficiaries: 927,416 people Beneficiaries: 900,000 animals Total beneficiaries: 250,000 people Total beneficiaries: 157,000 people Total beneficiaries: 808,834 people All the payouts were approved by the ARC Ltd Board on 19 January 2015, and they were received by the respective countries (according to the receipts) on the following dates:   Senegal: 27 January Mauritania: 29 January Niger: 25 February

Innovation in Humanitarian Sphere TAKAFUL (Islamic Insurance) & ARC None of the ARC Member States or development capital partners receive any profit or dividends from ARC Profit distributions are prohibited by the ARC founding documents Any annual financial surplus, is used to expand the support capacities of ARC to the Member States Mutual Ownership Unique mutual risk transfer facility whose purpose is risk sharing and humanitarian relief Aligned with the principles of Takāful and broader principles of providing assistance to vulnerable and poor populations Innovation in Humanitarian Sphere ARC is looking to explore its Sharia compliance with key partners Islamic Finance offers an opportunity to utilize innovative tools to address development needs in a manner that aligns with market demands Sharia Compliance Takaful could be an innovative, financially efficient means to address humanitarian challenges