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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. 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.
    4. 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.
    5. 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.
    6. Clarke,Daniel Jonathan & Wren-Lewis,Liam, 2016. "Solving commitment problems in disaster risk finance," Policy Research Working Paper Series 7720, 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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