PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608993

Primary Business Area

Financial Institutions Group

Disclosure Date

Jan 13, 2026

Country

Western Africa Region

Region

Africa

IFC Approval Date

Dec 26, 2024

Status

Active

Estimated Total Budget

$400,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 2, 2026

Project Estimated Start Date

Dec 20, 2024

Project Estimated End Date

Dec 20, 2026

Project Description

The project is dedicated to boost the climate insurance sector by creating a robust pipeline, strengthening project design, and supporting results-oriented implementation in the NWC subregion. The project's objective is to conduct diagnostic/market studies in North, Western, and Central Africa to support the development of the Insurance practice group concept notes and other client engagements. The project aims to enhance climate resilience and financially protect individuals, farmers, and small businesses in regions prone to extreme weather events by leveraging innovative index-based insurance products. The project team will also provide rapid response to IFC needs based on IFC Country Management and Industry team requests and attract investment by strengthening the capacity of financial-intermediary clients.

Development Results

E&S Risks / Impacts and Mitigation