AfDB disburses 98,12% of disaster preparedness project

THE African Development Bank (AfDB) has disbursed the bulk of the funds under a facility meant to enhance the resilience and response to climate shocks by African countries.

The US$1,78 million facility, the Africa Disaster Risk Financing (ADRiFi), has todate disbursed about US$1,75 million.

In an update,  AfDB said the project development objective of the ADRiFi was relevant to the country’s development needs and strategic priorities towards disaster preparedness.

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