Project profile — Ocean Risk and Resilience Action Alliance



Overview 

CA-3-P007598001
$2,487,620
2020-07-28 - 2022-01-31
Closed
Global Affairs Canada
YFMInternaAssistPartnershp&Programing Br

Country / region 

• Africa, regional (34.00%)
• America, regional (33.00%)
• Asia, regional (33.00%)

Sector 

• General Environmental Protection: Environmental research (41082) (50.00%)
• Other Multisector: Disaster Risk Reduction (43060) (50.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (principal objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

This project aims to improve the state of coastal resilience for vulnerable populations, particularly women and girls in small island developing states (SIDS) and coastal developing countries, where the Ocean Risk and Resilience Action Alliance’s (ORRAA) financial products and projects apply. The aim of ORRAA is to foster collaboration amongst the finance and insurance sectors, governments and environmental organizations. Project activities include: (1) delivering ORRAA Innovation Challenge workshops to identify new products and projects; (2) developing a technical analysis on the incorporation of gender considerations into ocean risk projects; and (3) presenting policy recommendations on the mitigation of ocean risks for the most vulnerable communities at international forums. This project benefits the most vulnerable communities, particularly women and girls, in coastal developing countries, SIDS, and other low-lying areas.

Expected results 

The expected outcomes for this project include: (1) increased pipeline of pilot projects for innovative financial products that increase coastal resilience; (2) increased effectiveness of ORRAA to influence significant investments in coastal natural capital; and (3) improved design and implementation of gender-sensitive ocean resilience pilot projects by ORRAA in key vulnerable regions.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Transaction Date Type Value
30-06-2021 Disbursement $594,110
31-03-2022 Disbursement $112,620
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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