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Mozambique receives $2m parametric payout for drought protection from ARC
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Mozambique receives $2m parametric payout for drought protection from ARC
Mozambique has received a $2 million parametric insurance payout for drought protection covering the 2025–2026 agricultural season, marking the country’s third consecutive year of coverage under the African Development Bank’s disaster risk financing programme. The payout was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October 14 to 16. The event was jointly organised by the Government of Mozambique and …
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