Open AccessCost-Benefit Analysis of the African Risk Capacity Facility
Author(s) -
Daniel Clarke,
Ruth Vargas Hill
Publication year - 2013
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.2343159
Subject(s) - risk analysis (engineering) , cost–benefit analysis , business , actuarial science , political science , law
The African Risk Capacity (ARC), has been proposed as a pan-Africa drought risk pool to insure against drought risk in Africa south of the Sahara. If fully operationalized, the ARC will mark a major change in how donors fund emergency support to countries in Africa during times of need. In this paper, we undertake a cost-benefit analysis of the ARC pool and discuss how lessons can inform the design of the ARC.
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