On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Allianz RE joined forces to support vulnerable communities in Morocco and Ghana in developing integrated risk management approaches for climate risks.

In Morocco, the implemented risk management activities of this Public-Private Partnership are targeted at Small and Medium Sized Enterprises (SMEs) located in Industrial Zones (IZ). The Ait Melloul Industrial Park was selected as a pilot IZ, because it has an economic value for the Souss-Massa region (hosts 300 enterprises, 70% of which are SMEs), has a high infrastructure vulnerability and experienced frequent floods which caused severe damages and significant financial losses. The project identified poor water systems and limited awareness amongst locals for the need of precautionary systems and security measures as the biggest hurdles to develop and implement adequate risk management plans.

In Ghana, the project focuses on climate risk financing for municipal public assets. This is to strengthen urban resilience by preparing the grounds for implementing risk transfer solutions within an integrated flood risk management approach in Greater Accra Metropolitan Area (GAMA). The GAMA is the economic hub of Ghana with a high vulnerability towards floods with a population of 4.6 million (World Bank, 20171 ). The area has experienced severe flood events in the past which has served as a wake-up call to many stakeholders. In its effort to address the infrastructure vulnerability to floods, the project has implemented activities on risk identification and risk reduction to reduce their vulnerability ahead of the event, as well as designed a flood cover insurance solution for public assets to cater for residual risks.