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Strengthening Climate Resilience and Adaptation through Financial Services: Research for CGAP’s Climate Resilience Project

Overview

Abstract

CGAP’s Climate resilience project aims to offer guidance to financial inclusion stakeholders on the role that financial services can play in helping the vulnerable to reduce the impact of and adapt to specific climate risks.

FSD Africa is supporting the co-creation and testing of a conceptual framework and research methodology for describing, understanding, and researching the nexus between climate and financial inclusion. This framework and methodology is being rolled out in Nigeria and Bangladesh, with the research findings to be shared with national stakeholders in both countries and the global financial inclusion community.

Results

  • Created of frameworks and evidence which will inform the climate resilience work of CGAP, FSD Africa and other stakeholders
  • Increased knowledge on the vulnerabilities and coping strategies of communities in Nigeria and the uses of finance to help build resilience
  • Increased impact of financial services on the resilience of climate change vulnerable populations

Project Details

Project Title

Strengthening Climate Resilience and Adaptation through Financial Services: Research for CGAP’s Climate Resilience Project

Implementing Partner

CGAP

Donor(s)

FCDO

Value (in £)

245,300

Implementation Period

2022-2023

Countries Covered

Nigeria

Project Description

CGAP’s Climate resilience project aims to offer guidance to financial inclusion stakeholders on the role that financial services can play in helping the vulnerable to reduce the impact of and adapt to specific climate risks.

FSD Africa is supporting the co-creation and testing of a conceptual framework and research methodology for describing, understanding, and researching the nexus between climate and financial inclusion. This framework and methodology is being rolled out in Nigeria and Bangladesh, with the research findings to be shared with national stakeholders in both countries and the global financial inclusion community.

Target results

  • Created of frameworks and evidence which will inform the climate resilience work of CGAP, FSD Africa and other stakeholders
  • Increased knowledge on the vulnerabilities and coping strategies of communities in Nigeria and the uses of finance to help build resilience
  • Increased impact of financial services on the resilience of climate change vulnerable populations

Progress

  • Final research complete with publication and dissemination plan to follow

Contact

Updated: September, 2023