MFW4A supports a training programme on sovereign risk financing in Ghana
The programme gathered government officials and the private sector to discuss the concepts of sovereign risk management, risk financing and the role of the public and private sector in this domain.The Making Finance Work for Africa Partnership (MFW4A), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Swiss Reinsurance Company Ltd. (Swiss Re) organized an Executive Programme on Sovereign Risk Financing for African governments in Accra, Ghana on November 9th - 13th 2015. The costs of natural disasters, extreme weather events, climate change and other risks represent a growing burden for governments and societies of developing and emerging countries, which are particularly vulnerable to disasters. Governments across Africa are increasingly concerned about the costs associated with these risks and have started to explore new forms of risk financing. There is a growing interest of African governments to better protect their public budgets through ex ante financing conflicts with a limited understanding of sovereign risk management and risk transfer solutions. The executive
government officials and the
private sector to discuss the concepts of sovereign risk management, risk financing and the role of the public and private sector in this domain. The goal was to build capacity in sovereign risk management and risk financing amongst African government officials. 38 participants attended the training, including government officials from 12 countries (Ghana, Côte d'ivoire, Nigeria, Mozambique, Kenya, Tanzania, Zambia, Uganda, South Africa, Senegal, Malawi and Madagascar), as well as representatives of the the African Risk Capacity and the World Bank.