The ARC Group announces an insurance payout to the Republic of Madagascar to aid in the recovery from Tropical Cyclone Freddy
Recently, the Government of the Republic of Madagascar qualified for a much-needed insurance payout of USD 1.2 million to support the island nation’s recovery efforts from Tropical Cyclone Freddy and help the government reach its most affected populations. This follows its participation in the African Risk Capacity (ARC) Group mechanism. The Group, which has been working with Madagascar since 2017 to manage its climate risks, has the mandate to work with African Union Member States to better plan, prepare, and respond to extreme weather events.