Mali: First Ever Climate Risk Insurance Payout

Direct Aid To Impacted Families

16 Mar 2022 by Local Press Report
BAMAKO

The United Nations World Food Programme (WFP) welcomes a US$ 7.1 million climate risk insurance payment from the African Risk Capacity (ARC) Replica to help support 204,000 people in drought-affected regions of Mali including Bandiagara, Gao, Kayes and Segou. With a population already struggling with the effects of persistent conflicts, political instability, and the socio-economic impacts of COVID-19, this first-ever climate risk insurance payment in Mali will help WFP provide emergency and resilience-building support in a timely manner to those most vulnerable to climate extremes from March to May 2022. WFP’s response will complement that of the Government of Mali which will also receive insurance compensation from ARC for climate shocks. Both WFP and government response plans have been prepared jointly and will be implemented in a coordinated manner to achieve impactful results.

Source: World Food Programme