African Risk Capacity anticipates payouts for Malawi, Mozambique, Zambia, and Zimbabwe due to severe drought impacting 20 million people.
African Risk Capacity (ARC) anticipates payouts for Malawi, Mozambique, Zambia, and Zimbabwe due to a severe drought affecting 20 million people in the region. ARC's parametric drought insurance policies for these countries may trigger payouts, which will help mitigate the impacts on vulnerable populations. The drought, driven by climate change and El Niño, has led to crisis levels of acute hunger.
April 29, 2024
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