Home Industry News The Senegal takes out insurance against the risk of drought

The Senegal takes out insurance against the risk of drought

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Senegalese authorities seem to have embraced the adage that “to govern is to foresee.” In this case, it is for the country to minimize uncertainties in the winter of whatever nature. It must be said that the government has been assisted in its approach by an initiative of the African Union which led to the establishment of the Pan-African Mutual Risk Management (African Risk Capacity – ARC – English), a mechanism better manage crises related to drought and climate disasters.

Senegal has received aid from Japan

In fact, Senegal has completed the payment of the first annual insurance premium. Estimated at 1.8 billion CFA francs, this premium could be mobilized with the assistance of the Japanese International Cooperation Agency (JICA). Ultimately, it will enable Senegal to collect 15 billion CFA francs in drought during 2014. What facilitate range of solutions in case of serious risk of a food crisis, both for men and for livestock will be private and pastures. “This membership is only the physical translation of the option taken by the Senegalese authorities to improve prediction and enhance the effectiveness of emergency response caused by droughts,” said Ryuichi Kato, Resident Representative of JICA . And explain that “the financing of the subscription comes from matching funds accumulated under the implementation of the food security project in Japan for Senegal.” In fact, this fund is also intended to fund innovative and relevant projects for sustainable rural development in Senegal.

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