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Cost-benefit analysis of the african risk capacity facility:

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  • Clarke, Daniel J.
  • Hill, Ruth Vargas

Abstract

The African Risk Capacity (ARC), has been proposed as a pan-Africa drought risk pool to insure against drought risk in Africa south of the Sahara. If fully operationalized, the ARC will mark a major change in how donors fund emergency support to countries in Africa during times of need. In this paper, we undertake a cost-benefit analysis of the ARC pool and discuss how lessons can inform the design of the ARC.

Suggested Citation

  • Clarke, Daniel J. & Hill, Ruth Vargas, 2013. "Cost-benefit analysis of the african risk capacity facility:," IFPRI discussion papers 1292, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:1292
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    Cited by:

    1. Hill,Ruth & Fuje,Habtamu Neda, 2020. "What is the Impact of Weather Shocks on Prices? : Evidence from Ethiopia," Policy Research Working Paper Series 9389, The World Bank.
    2. Hallegatte, Stephane & Bangalore, Mook & Bonzanigo, Laura & Fay, Marianne & Narloch, Ulf & Rozenberg, Julie & Vogt-Schilb, Adrien, 2014. "Climate change and poverty -- an analytical framework," Policy Research Working Paper Series 7126, The World Bank.
    3. Goecke, Oskar (Ed.), 2016. "Risiko und Resilienz. Proceedings zum 11. FaRis & DAV Symposium am 9. Dezember 2016 in Köln," Forschung am ivwKöln 6/2017, Technische Hochschule Köln – University of Applied Sciences, Institute for Insurance Studies.
    4. Clarke,Daniel Jonathan & Wren-Lewis,Liam, 2016. "Solving commitment problems in disaster risk finance," Policy Research Working Paper Series 7720, The World Bank.
    5. Awondo, Sebastain N., 2019. "Efficiency of region-wide catastrophic weather risk pools: Implications for African Risk Capacity insurance program," Journal of Development Economics, Elsevier, vol. 136(C), pages 111-118.
    6. Hallegatte,Stephane & Bangalore,Mook & Jouanjean,Marie Agnes, 2016. "Higher losses and slower development in the absence of disaster risk management investments," Policy Research Working Paper Series 7632, The World Bank.
    7. Stefan Hochrainer-Stigler & Joanne Linnerooth-Bayer & Anna Lorant, 2017. "The European Union Solidarity Fund: an assessment of its recent reforms," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(4), pages 547-563, April.

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      Natural disasters; Risk management; drought;
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