Browse all documents

West Africa Coastal Areas Resilience Investment Project (WACA 2)

Report an error

Summary

AI-generated

This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.

Learn more about AI enrichment

The West Africa Coastal Areas Resilience Investment Project (WACA 2) is a regional initiative designed to strengthen coastal resilience in six West African countries through a portfolio of investments that mainstream climate risks into national policies and target vulnerable sectors including transport, urban, and natural resources.

Key insights

AI-generated

These insights are written by a language model reading the source document. They are not the publisher's words and are not a substitute for the original.

Learn more about AI enrichment
  • The WACA program focuses on integrating climate risks—specifically sea level rise (SLR), flooding, temperature, and extreme weather—into national strategies and policies, while targeting physical and social investments in the urban, transport, and natural resources sectors in high-risk hotspot areas.
  • In 2018, the World Bank approved a USD 222 million funding package for six countries, which included a USD 20 million grant from the Nordic Development Fund (NDF) and the Global Environmental Facility (GEF), with additional support from the French Fund for the Global Environment (FFEM) and the French Development Agency (AFD).
  • The project operates on a five-year timeline from 2018 to 2023; as of June 2021, 17% of the committed funds had been disbursed. In Benin, the project has secured 3,500 households from flooding and coastal erosion and established co-financing agreements with 33 Biodiversity Community Conservation Areas cooperatives for income-generating activities in agri-food processing, market gardening, fish farming, and animal husbandry.
  • The program utilizes the WACA Platform to scale knowledge, financing, and collaboration for coastal resilience, and the WACA Marketplace to connect the demand for resilience investments with partner financing supply.
  • The effectiveness of this instrument depends on strong regional cooperation, stable political environments, and stable currency markets or common currencies. Based on these requirements, North African countries are identified as potential candidates for updating this instrument.

Cite the original document

APA
Climate Policy Initiative (2021). West Africa Coastal Areas Resilience Investment Project (WACA 2). https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/west-africa-coastal-areas-resilience-investment-project-waca-2/
Chicago
Climate Policy Initiative. West Africa Coastal Areas Resilience Investment Project (WACA 2). 2021. https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/west-africa-coastal-areas-resilience-investment-project-waca-2/.
Wikipedia
{{cite report |author=Climate Policy Initiative |title=West Africa Coastal Areas Resilience Investment Project (WACA 2) |date=16 September 2021 |url=https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/west-africa-coastal-areas-resilience-investment-project-waca-2/ |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{climatepolicyinitiative2021west, author = {{Climate Policy Initiative}}, title = {{West Africa Coastal Areas Resilience Investment Project (WACA 2)}}, institution = {Climate Policy Initiative}, year = {2021}, month = sep, url = {https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/west-africa-coastal-areas-resilience-investment-project-waca-2/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

Full text

Collected · Record updated