Participants to stakeholders inception workshop on climate and disaster risk financing in Malawi

SALIMA-(MaraviPost)-The country’s Civil Society Network on Climate Change (CISONECC) has emphasized the need for Malawi leadership to embrace Climate and Disaster Risk Financing and Insurance (CDRFI) initiative amid increase in the frequency and intensity of extreme weather events.

This keeps on putting the lives and livelihoods of people under risks, especially people from poor and vulnerable communities.

Ironically, despite contributing the least of the total greenhouse gas emissions, Malawi and other developing countries are most affected by the impacts of climate change due to high vulnerability levels.

Disasters and climate change threaten the countries’ efforts to sustainable reduce poverty levels, by diverting resources from long-term development plans.

With an increase in occurrences of disasters, the cost of responding to disasters continues to increase, forcing countries to frequently divert finances for long-term development into short-term response measures.

Therefore, there is a need to shift from reactive crisis management towards pre-arranged financing for better preparedness and reliable disaster response hence CDRFI initiative.

CISONECC’s National Coordinator Julius Ng’oma told stakeholders inception workshop on climate and disaster risk financing in Malawi this week in Salima that the nation is not doing enough on the initiative to assist rural communities despite the country signing commitment regionally.

Ng’oma observed that for decade Malawi has shown little interest on the initiative to bail out farmers from adverse effects of climate change.

He therefore urged stakeholders in disasters risk management sector to partner with the country’s leadership in advancing CDRFI initiative

“The initiative is sorely protect the lives and livelihoods of poor and vulnerable populations from the consequences of disasters by enabling faster, more reliable and more cost-effective responses to disasters.

“With the gathering, a number of insights will be generated to advance Climate and Disaster Risk Financing and Insurance for rural farmers who are the main victims on disasters,” says Ng’oma.

African Risk Capacity (ARC)’ Malawi’s Coordinator Dosahi Kadokera acknowledged the country’s failure to advance the initiative for the better citing technical hitches to secure tangible insurance.

Kadokera disclosed the nation will secure another insurance policy if current final plan for 2020/2021 accommodates the initiatives proposals after the initiative model challenges were rectified.

He said maize remains as reference crop with early maturing variety for Malawi as it is grown by many farmers.

“Since US$8.1 million ARC pay out in 2015/2016, Malawi has unable to secure another insurance policy due incompatibility of model which was long term while Malawi had short term. But the challenge has been rectified that soon the nation might buy another policy,” assures Kadokera.

Civil Society Network on Climate Change (CISONECC) is implementing a project titled ‘Multistakeholder partnership on climate and disaster risk financing and preparedness in the context of the InsuResilience Global Partnership’ with funding from the government of German through CARE German and CARE Malawi.

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