Pan-African institutions on Saturday stressed concerted efforts toward finding lasting solutions to the intertwined challenges of migration, food security and climate change, as well as the deployment of an effective climate risk financing mechanism on the continent.
The high-level gathering on addressing the root-causes of migration in the African continent was co-organized by the African Union (AU) Commission, African Risk Capacity, African Development Bank (AfDB), and the UN Economic Commission for Africa (UNECA) on the margins of the 32nd AU summit.
The theme of the 32nd AU summit is: “Migration and Displacement in Africa: Addressing the underlying causes through innovative risk financing mechanisms.”
AU Commissioner for Rural Economy and Agriculture Josefa Sacko said during the meeting that considering the interdependency of migration, food security and climate change, the deployment of an effective climate risk financing mechanism is “an important key to addressing the underlying risks and causes of climate-induced migration and displacement in Africa.”
“It is imperative to encourage AU member states to subscribe to the African Risk Capacity mechanism considering the level of success it has achieved in bringing complementarities that can address challenges associated with the causes of migration within the five years of its existence,” Sacko said.
The high-level meeting mainly discussed on how the African continent can better respond to the increasing migration and forced displacement in Africa, which have been worsened by the increasing frequency of droughts, floods, and other extreme weather events through an innovative risk financing mechanism.
“Considering that the livelihoods of more than 70 percent of Africans depend on farming, the ‘High 5 Agenda’ of the AfDB identified “Feed Africa” as one of the pillars with the aim, among other initiatives, to enhance resilience and response to climate shocks in regional member countries,” said Vincent Nmehielle, Secretary General of the AfDB.
Nmehielle stressed that AfDB, as a pan-African financial institution, mainly strives to help unlock the potential of agriculture in the continent, in which the Bank’s introduction of the Africa Disaster Risk Financing program aimed to scale up the protection against extreme weather events in rural areas and expand access to risk transfer facilities for AU members. Enditem