This award will assist african countries to access layered insurance coverage needed to successfully manage increasingly frequent and intense climate-related extreme weather events

Ended Project Grant Awarded Last action

Award ID
SAQMIP22GR0211
Recipient
Awarding agency
Obligated
$13,467,000

Award facts

Completion date
Place of performance
Argentina

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

This $13.5 million project grant from the Department of State Bureau of Oceans and International Environmental and Scientific Affairs will assist the African Development Bank Group to provide layered insurance coverage for African countries to better manage increasingly frequent and intense climate-related extreme weather events through March 2024. The funding supports the Bureau's Environmental and Scientific Partnerships and Programs (CFDA 19.017) to build international partnerships addressing environmental, scientific, and health concerns including climate change adaptation. This project aims to help African nations access necessary risk financing through the African Development Bank Group to recover from climate disasters and build resilience going forward.

Transactions

Action Obligated Date
Amendment DE-obligate funding due to incorrect obligation amount and update terms and conditions accordingly. -$150,000
Amendment This action adds supplemental funding in the amount of $12,150,000.00 to revised total project amount of $13,617,000.00 $12,150,000
Original award $1,467,000

Quick answers

Who received award SAQMIP22GR0211?

SAQMIP22GR0211 was awarded to African De Developpement Bank Group SA by Department of State on September 30, 2022.

How much is award SAQMIP22GR0211 worth?

$13,467,000 has been obligated on SAQMIP22GR0211.

Which agency awarded SAQMIP22GR0211?

Department of State awarded SAQMIP22GR0211, with funding from Bureau of Oceans and International Environmental and Scientific Affairs (Department of State).

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