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.