Recruitment of an Actuary for the Risk Financing Component within the West Africa... Tender

Procurement Summary

Country : Togo

Summary : Recruitment of an Actuary for the Risk Financing Component within the West Africa Food System Resilience Program (FSRP).

Deadline : 05 May 2023

Other Information

Notice Type : Tender

TOT Ref.No.: 81825374

Document Ref. No. : ARAA/FSRP/2023/SCI/015

Competition : ICB

Financier : Agence Francaise De Development (AFD)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Tenders are invited for Recruitment of an Actuary for the Risk Financing Component within the West Africa Food System Resilience Program (FSRP).

ECOWAS has more than 360 million inhabitants, of which about 55% live in rural areas. More than 30% of the population remains in extreme poverty (below the international poverty line of USD 1.90 PPP per day) and about 60% of the poor derive their livelihoods partly or entirely from agriculture. The situation is further complicated by the impact of climate change on food production by putting pressure on average yields and increasing production volatility. Its effects are expected to intensify significantly over the coming decades. The current decline in food security is mainly due to the complex interactions of climate change, population growth, erosion of natural resources,

The World Bank's Food System Resilience Program (FSRP) is a large regional investment project (Investment Project Financing Operation) designed as a multi-phase programmatic approach (MPA) to increase preparedness against the food insecurity and improve the resilience of food systems in participating countries. Under the components of the FSRP project, risk financing activities are part of sub-component C3.1 and aim to strengthen the capacity of the Regional Food Security Reserve (RRSA) to respond to food crises using an innovative financing mechanism that will support the reserve. The risk financing instrument will be the first of its kind as the RFSR responds to the food insecurity induced by broader sources of food crisis: climatic events, conflicts, health crises (Ebola, Covid-19), sudden price shocks (e.g. the 2008 food crisis). In addition, several ex ante and ex post agricultural and food security risk management and risk financing initiatives exist in West Africa at national and regional levels. There is therefore a need to strengthen coordination and collaboration in order to proactively manage risks and strengthen the financial resilience to shocks of agrifood systems. Several ex ante and ex post agricultural and food security risk management and risk financing initiatives exist in West Africa at the national and regional levels. There is therefore a need to strengthen coordination and collaboration in order to proactively manage risks and strengthen the financial resilience to shocks of agrifood systems. Several ex ante and ex post agricultural and food security risk management and risk financing initiatives exist in West Africa at the national and regional levels. There is therefore a need to strengthen coordination and collaboration in order to proactively manage risks and strengthen the financial resilience to shocks of agrifood systems.

Documents

 Tender Notice