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Madagascar: African Risk Capacity Group-African Development Bank partnership issues $1 5 million insurance pay-out for Tropical Cyclone Freddy recovery efforts

Representatives of the African Risk Capacity (ARC) Group and the African Development Bank presented two cheques worth $1.5 million in insurance payouts to the Government of Madagascar and the World Food Programme (WFP) to support the country’s recovery from Tropical Cyclone (TC) Freddy. The funds, comprising $1.2 million to the government of Madagascar and $300,000 to the

African Development Bank issues $1 5 million insurance pay-out for Tropical Cyclone Freddy recovery efforts

African Development Bank Group (AfDB) / Press release | Madagascar: African Risk Capacity Group-African Development Bank partnership issues $1 5 million insurance pay-out for Tropical Cyclone Freddy recovery efforts

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