WFP helps half a million people recover from loss and damage with climate insurance in West Africa
Farmers in West Africa suffered losses and damages to their crops and livelihoods due to extensive drought impacting the 2022 agricultural season. This has knock-on effects throughout the region as food availability is reduced and prices soar. Climate insurance enables communities to recover from losses and damages, preventing them being pushed into hunger.
The insurance scheme is part of the ARC Group – a specialized agency of the African Union that helps Member States manage climate and disaster risk. WFP is receiving payouts of US$7.2 million for Burkina Faso, US$187,600 for The Gambia and US$8 million for Mali. Assistance will also include nutritional support for children aged 6-23 months and pregnant and nursing women.
Since 2019, WFP has protected 4.8 million people in six African countries with insurance policies from ARC. To date, WFP has received eight payouts totalling US$25.4 million for five countries, which provided cash and food assistance, nutrition support and emergency asset creation to more than 790,000 people.