African governments are moving towards establishing a regional financial mechanism to protect public infrastructure from the growing fiscal impact of climate and disaster-related shocks. The move followed the inaugural Climate and Disaster Risk Financing and Insurance Africa Forum, a two-day meeting in Nairobi attended by representatives from 21 countries, governments, insurance regulators, development partners and industry stakeholders. Participants examined ways to strengthen financial preparedness for floods, droughts, cyclones and other hazards that increasingly threaten public infrastructure and development gains. They agreed to advance insurance and regional risk-pooling mechanisms as part of...