Resilient Municipal Market Fund (ReMark) Instrument Analysis

Urban food markets are key nodes in African urban food systems. These markets are at high risk from climate impacts (e.g., extreme heat impact on produce viability and extreme storm impact on market infrastructure), but also hold enormous potential to build systemic resilience and to be drivers of low-carbon growth. There is a lack of suitable finance mechanisms to upgrade and build resilience of African urban food markets (retail and wholesale), especially for markets that support the most vulnerable consumers and retailers.