Southern Africa (REPAIR)

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What are we funding?

 

GRANT AMOUNT

ENDORSEMENT DATE

ACTIVITIES

INSTRUMENTS SUPPORTED

WB PROJECT

US$30 million

January 16, 2024

Establishing the regional climate fund as a centralized mechanism that lowers technical and financial barriers to using DRF instruments. Participating countries will be able to better layer their risks by using instruments that respond to shocks of variable magnitude and frequency.

A regional climate risk fund that will offer (i) reserves (which earn income), (ii) a contingent financing product, and (iii) parametric insurance products (under design, expected date TBD)

Regional Emergency Preparedness and Access to Inclusive Recovery Phase 1 (P181014)

US$280M (IDA), US$26M (TF) (approved July 30, 2024) 

 

Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) Phase 2 (P508319) (approved July 23, 2025)

US$159.3M (IBRD), US$240M (IDA), US$0.7M (TF)

  • The importance of a regional approach to increased financial resilience in Southern Africa is underscored by cross-border disaster events, such as the 2023 tropical cyclone that hit Malawi and Mozambique. Many countries have a skeleton of DRF components in place, but these systems need additional funding and a greater level of coordination and preparedness to make them truly effective.
  • A US$30 million GSFF grant supports a new regional climate fund that is eventually expected to include up to 12 countries in Southern Africa. In July 2024, the Board of Directors of the World Bank approved the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) program, which aims to reach US$926 million in total financing in three phases to strengthen the financial and operational preparedness of participating countries against climate-related disasters, such as droughts, cyclones, or floods.
  • REPAIR relies on speed, flexibility, and sustainability to bring CDRFI solutions at scale. It equips countries with a set of tailored instruments so that they can quickly respond to disasters of various natures, severities, and frequencies to save lives and livelihoods and then facilitate economic recovery.
  • In FY25, as part of the first phase of REPAIR (amounting to US$306 million), Comoros, Madagascar, and Mozambique created a Regional Climate Risk Fund providing reserves and contingent financing in partnership with the regional implementing agency ARC Ltd. Sovereign insurance coverage will be added next fiscal year.
  • Both Comoros and Mozambique activated these instruments to provide food, water, medical kits, and emergency shelters to populations impacted by two tropical cyclones, Chido in December 2024 and Jude in March 2025.
  • Five additional countries—Angola, Burundi, Malawi, the Seychelles, and Zambia—will join Phase 2 of REPAIR for a total US$400 million in financing.
  • The project showcases fruitful cooperation among African countries and ARC Ltd., which are joining forces and sharing knowledge and resources to increase regional resilience to natural disasters.

 

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