IFPRI NAMED GRANTEE IN CLIMATEWORKS FOUNDATION’S GLOBAL CALL FOR EXTREME HEAT SOLUTIONS

The International Food Policy Research Institute (IFPRI) has been selected as one of eleven grantees under ClimateWorks Foundation's Adaptation & Resilience Fund (A&R Fund), following a global open call for solutions addressing extreme heat in vulnerable urban communities across South Asia, Southeast Asia, and Sub-Saharan Africa. The project, led by IFPRI researchers Carly Trachtman, Kate Ambler, and Mehrab Bakhtiar, focuses on South Asia and will develop asset-based finance innovations to strengthen heat resilience among urban food vendors, pairing loans for mobile cooling equipment with a parametric repayment structure that eases payment burdens during extreme heat events, aiming to bridge a persistent financing gap faced by women street vendors in particular. The award is part of a $9.3 million grant portfolio announced by the A&R Fund, spanning both innovative finance and institutional capacity-building initiatives worldwide.

Read the full piece by ClimateWorks Foundation here.