The Senegal is getting insured against drought

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The Senegalese government has finalized with the support of the Japan International Cooperation Agency (JICA) the payment of its first annual premium for the Pan African  Disaster  Risk  Pool: African  Risk  Capacity (ARC).

The settlement of 1.8 billion FCFA (3.7 million USD) materializes the accession of Senegal to the Pan African pool. The subscribed mechanism provides for a compensation at the level of 15 billion FCFA (31 million USD) upon the occurrence of a drought during the year.

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Fri, 18/07/2014 - 12:35
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