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Activities in Global Shield Countries

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The Global Shield against Climate Risks aims to support countries that are most vulnerable to climate risks. The initiative is currently active in Bangladesh, Costa Rica, The Gambia, Ghana, Madagascar, Malawi, Pakistan, Peru, The Philippines, Rwanda, Senegal, Somalia, and the Pacific region.

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Ghana Beats

Current status
Implementation of activities
Impact
Initiate process
Stocktake
Gap analysis
Request for Support
Tailoring support
Implementation

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Disclaimer: The geographical boundaries and territorial delineations presented on this website are for illustrative purposes only. They do not constitute an authoritative or legally binding representation of international, national, or regional borders. While every effort has been made to ensure accuracy, the depictions may not reflect the most current political, legal, or cartographic standards. This website does not take a position on sovereignty, jurisdiction, or border disputes.

 

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Bangladesh
Costa Rica
Fiji
Ghana
Madagascar
Malawi
Marshall Islands
Pakistan
Peru
Rwanda
Samoa
Senegal
Somalia
The Gambia
The Phillippines
Tonga

Countries are covered by the Global Shield

(incl. one region – the Pacific)

In-Country Processes are in progress

(out of 13 countries incl. the Pacific region)

Countries are nearing completion of their Request for Support

(Costa Rica, Pakistan and Senegal)

Additional countries are expected to submit their Request for Support in 2025

 (Bangladesh, The Gambia, Madagascar, Malawi, and the Pacific region)

Global Shield In-Country Process

The support provided by the Global Shield is centred around an inclusive and country-led In-Country Process (ICP). It convenes an array of relevant local and international partners to assess climate risks and identify urgent financial protection needs.

The initiative counts on strong political buy-in, making for a unique demand-driven approach to Climate and Disaster Risk Finance and Insurance (CDRFI) support. The designated focal point of the lead Ministry heads the process and ensures that outputs are finalised and en-dorsed.

The process starts with a thorough stocktake and gap analysis that feeds into the identification of the most urgent protection gaps. On this basis, a Request for CDRFI Support is submitted to the Global Shield Financing Structure, which develops a proposal for a tailored support package. After the country’s final approval, the Financing Structure facilitates the implementation process.

More detailed information on the ICP can be found under “What we offer”

Updates from Global Shield Countries

Ghana

Ghana receives first insurance payouts by the African Risk Capacity to help address impacts of recent droughts

08.04.2025

Between August and November 2024, the Northern regions of Ghana experienced severe drought which impacted the main food staples and crops such as maize, millet, groundnut and rice; spiking food security concerns and significant crop revenue losses. Following this, a first payout of USD 960,202 was triggered for the region under the African Risk Capacity (ARC) Ltd drought insurance policy, covering the period from June 2024 to October 2024. Ghana’s Ministry of Finance has confirmed that the process for the transfer of the funds for implementation has begun.

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Pakistan

First country in Asia to initiate access to Global Shield support

20.11.2024

Pakistan, ranked as the fifth most vulnerable country to climate-induced disasters, reaffirmed its commitment to enhancing financial protection against climate-induced risks as a Global Shield beneficiary country today at COP29. Following a comprehensive in-country  process, the Ministry of Climate Change and Environmental Coordination (MoCC&EC), with support from UNDP Pakistan, has finalized the priority areas for its request for support to scale up pre-arranged finance through the Global Shield.

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Ghana

Implementation of Support Package

17.10.2024

The Government of Ghana has purchased its first-ever sovereign drought insurance policy taking a significant step towards safeguarding its vulnerable communities and agricultural sector from potential drought. Through an inclusive, country-led process coordinated by the Global Shield Secretariat, the African Risk Capacity (ARC) Ltd. issued the policy for the benefit of the Government of Ghana, with premium support financed by KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Global Shield Solutions Platform (GSSP). The ARC policy forms one important element in the Global Shield Support Package. For an overview, see here.

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The Gambia

Resilience in The Gambia Gains Momentum with Inaugural Global Shield Workshop

16.10.2024

The Gambia’s campaign for resilience shifted to high gear as it  launched the inaugural Global Shield workshop in Banjul from 18 to 19 September 2024. The event was organized by The Gambia’s Ministry of Finance & Economic Affairs (MOFEA), Ministry of Environment, Climate Change & Natural Resources (MECCNAR), and National Disaster Management Agency (NDMA). The collaboration brought together stakeholders to kick off consultations aimed at addressing the country’s most pressing financial protection needs in the face of intensifying climate shocks.

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Tonga

Strengthening Financial Resilience against Climate Risks in Tonga

30.09.2024

Tonga recently hosted the inaugural workshop of the Global Shield against Climate Risks, an initiative jointly led by the G7 and V20 Group. Organized under the leadership of the Ministry of Finance, the workshop brought together key stakeholders to evaluate Tonga’s current landscape of climate and disaster risk financing and insurance, while identifying key gaps in financial protection that need to be addressed. 

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All Country-level Activities

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