Saturday, November 26, 2022

Senegal to obtain assist payouts from drought insurance coverage – spokesperson

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LONDON, Nov 24 (Reuters) – Senegal is because of obtain round 330,000 kilos ($400,500) in insurance coverage funds from assist organisations to guard in opposition to the chance of drought, a spokesperson for the help teams stated on Thursday.

The insurance coverage taken out by the Begin Community group of humanitarian nongovernmental organisations (NGOs) was triggered on Monday on the finish of the wet season, in anticipation of drought subsequent 12 months, the spokesperson stated by e-mail.

The cash will doubtless be launched by the top of the 12 months to deal with meals insecurity in Senegal.

Help could embrace money grants and meals dietary supplements resembling enriched flour to lactating girls and youngsters below 5, the spokesperson stated.

Support organisations and governments are working with insurers to create insurance policies which launch cash extra rapidly after pure disasters.

A G7-led plan dubbed “International Protect” to offer funding to international locations struggling local weather disasters was launched on the U.N. COP27 summit final week.

UNICEF and dealer Willis Towers Watson final week launched a programme, funded with help from the German and British governments below the International Protect programme, to offer fast monetary response to tropical cyclones in eight international locations.

The scheme targets 15 million climate-vulnerable kids, younger individuals and ladies, Willis Towers Watson stated.
The UNICEF programme additionally consists of upfront funding in local weather resilience.

($1 = 0.8239 pound)

Reporting by Carolyn Cohn and Virginia Furness; modifying by Jonathan Oatis

Our Requirements: The Thomson Reuters Belief Ideas.

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