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ARC Ltd. partners with USG to Expand Parametric Insurance in Africa
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ARC Ltd. partners with the USG in a $11.7 million initiative to expand parametric insurance in Africa, aiming to protect vulnerable smallholder farmers from climate change-related disasters. The project involves strengthening disaster risk financing in Africa and increasing the uptake of parametric insurance through close cooperation with the African Union and regional economic communities.
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How might the expansion of parametric insurance in Africa impact the livelihoods and resilience of vulnerable smallholder farmers?
In what ways could the initiative influence broader financial inclusion and risk management practices in Africa?
What challenges might the partnership between ARC Ltd. and the USG face in achieving the project's objectives?
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