ARC Replica Payout, Senegal 2020 - Internal Evaluation
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INNOVATIVE APPROACH TO INSURANCE ENABLES HUMANITARIAN AGENCIES TO PROACTIVELY MANAGE CLIMATE-RELATED RISKS AT SCALE
A new report published today demonstrates how insurance can help governments and organisations to predict and proactively manage climate-related humanitarian risks at scale.
The report, published by Start Network, a global collaboration of humanitarian NGOs, is based on a comprehensive evaluation of its programme in Senegal, which utilised a parametric insurance policy to pay out before the worst effects of a drought were felt.
Six Start Network members Action Against Hunger, Catholic Relief Services, Oxfam, Plan International, Save the Children and World Vision worked alongside the Government of Senegal to deliver assistance throughout 2020 to Senegalese families ahead of a severe large-scale drought.
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Income support to help 17,000 garment workers in Lao PDR hit by COVID-19
Cash transfers totalling US$1.8 million to help garment workers and businesses weather impact of the COVID-19 pandemic
Vientiane, Lao PDR (ILO News) - Up to 17,000 garment workers in Lao PDR affected by the COVID-19 pandemic are to each receive two months emergency income support worth 900,000 LAK (approximately US$100).
The Lao Social Security Organization (LSSO) today announced that one-time cash transfers totalling US$ 1.8 million would help mitigate workers lost income and support business continuity while reducing employers staff turnover costs. The German Federal Ministry for Economic Cooperation and Development (BMZ) is funding the initiative, which has been developed with technical support from the International Labour Organization (ILO).
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