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HARARE, Zimbabwe, January 11, 2022 -/African Media Agency (AMA)/- A global network of humanitarian agencies has today announced the purchase of an innovative insurance policy in partnership with African Risk Capacity (ARC) and the Government of Zimbabwe. The policy is to protect more than 800,000 people in Zimbabwe from drought risk during the 2021/2022 agricultural season.
The $2.5 million USD policy purchased by Start Network and provided by African Risk Capacity, is built on parametric insurance. This means it pays out before a crisis, according to pre-agreed scientific triggers, based for example on rainfall data. Unlike the standard humanitarian model, in which aid agencies receive funding only after a crisis has hit, the approach enables governments and their partners to plan for and respond before the worst effects of a drought are felt, thereby saving more lives and livelihoods.
Start Network members involved in this initiative in Zimbabwe and the potential implementing partners (in the event a pay-out is made) are; Action Aid Zimbabwe, Action Contre La Faim/Action Against Hunger, CAFOD, Catholic Relief Services, GOAL, Plan International, Tearfund, Trocaire and World Vision Zimbabwe (WVZ). Local non-governmental organisations are participating in the planning and will also lead on the response to continue enhancing locally led humanitarian action. These include Zimbabwe Project Trust (ZIMPRO), Evangelical Fellowship of Zimbabwe (EFZ), Family AIDS Counselling Trust (FACT) Zimbabwe, Nutrition Action Zimbabwe (NAZ), Simukai Children Protection and Caritas Bulawayo/Gokwe/Hwange/Masvingo/Mutare.
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