Preparing for extreme weather
German Development Bank KfW bolsters Ethiopian agricultural sector with protective measures against climate risks, writes the KfW.
- Drought insurance, erosion prevention and microloans benefit 130.000 households in northern Ethiopia
- A secure food supply for the rural population
On behalf of the German Ministry for Economic Cooperation (BMZ) and together with the World Food Programme of the United Nations (WFP), German Development Bank KfW today signed a financing agreement worth 20 million Euro.
Financed by the special initiative “ONE WORLD – No Hunger”, this constitutes an extension of the Rural Resilience Initiative (R4) founded by WFP and Oxfam and supports the Ethiopian agricultural sector in those regions that are especially exposed to extreme weather conditions.
The project is part of the G7 InsuResilience initiative that pursues the goal of protecting the rural population worldwide against climate risks, thus making a substantial contribution to securing the food supply in rural regions.
“Agriculture in Ethiopia, on which over 85 percent of the population directly or indirectly depend, is particularly vulnerable to climate risks. In rural areas, agriculture is generally the only sector that provides a source of employment and income. Thus is it all the more important to equip the rural population for climate risks and the associated crop failure, and in this way safeguard the food supply in affected regions,” says Prof. Dr Joachim Nagel, Member of the KfW Group Executive Board.