Climate Risk Finance Project

United Nations Development Programme (UNDP)

Khartoum, Sudan 🇸🇩

UNDP Sudan developed a country programme for 2018-21 with the aim to promote democratic governance and rule of law, community stabilization, addressing vulnerability to climate change and promoting equitable access to basic services in consultation with the development partners. UNDP supports its technical assistance to the area of adaption to climate change, renewable energy, employment creation and equitable access to natural resources in rural areas under the Sustainable Livelihood Unit. The unit focuses on strengthening capacities at local, regional and national level to manage and utilize natural resources in a sustainable way, to enhance resilience and adaptive capacity to long-term climate change including variability impacts and to reduce the associated risk of natural disasters.

One of the ongoing projects under climate change adaptation portfolio is Climate Risk Finance project (2014-18) and the fund was provided by the Least Developed Country Fund (LDCF). The aim of the project is to avail financial services are available to the high-risk population to provide them capital for resilient-building activities by supporting the development of a range of financial mechanisms to incentivize investments in climate change adaptation and risk reduction measures in 6 vulnerable agro-ecological regions of Sudan. The project supports efficient, robust collection and interpretation of weather/climate information for risk mapping, rainfall forecasting and drought early warning. In 2017, the project developed Sudan’s first Weather Index Insurance products, which is strategically combined with microfinance services supporting adaptation-oriented agricultural and livestock practices. To ensure sustainability with these tasks, it is necessary to build the capacity of the National Hydro-Meteorological Services to have the technical and operational capacity to maintain equipment and models long-term. At the same time, the regulatory frameworks for financial services will be updated and capacities within the financial/insurance institutions will be built to target smallholder rain-fed farmers and pastoralists.


POSITION TYPE

ORGANIZATION TYPE

EXPERIENCE-LEVEL

DEGREE REQUIRED