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

Overview

Abstract

The Climate resilience project, under development by CGAP, 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 tested in Nigeria, with the research findings to be shared with Nigeria’s stakeholders and the financial inclusion community. CGAP will extend the research to at least one other country as part of the initiation of its climate resilience project.

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

The Climate resilience project, under development by CGAP, 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 tested in Nigeria, with the research findings to be shared with Nigeria’s stakeholders and the financial inclusion community. CGAP will extend the research to at least one other country as part of the initiation of its climate resilience project.

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

  • Draft conceptual framework developed and workshopped with financial inclusion stakeholders
  • Research firm hired and research design process underway

Contact

Updated: October, 2022