After Tropical Cyclone Jude hit Mozambique last month, a USD 2.5 million payout from the “Tomorrow” component of UNICEF’s Today and Tomorrow Initiative(TTI), a pre-arranged parametric insurance mechanism designed to release rapid funding following severe storms, enabled a fast and coordinated emergency response across key sectors with a strong focus on meeting the urgent needs of affected communities, especially children and women.
UNICEF’s TTI, with support from partners, including the Federal Ministry for Economic Cooperation and Development (BMZ) and Foreign, Commonwealth and Development Office (FCDO), has enabled a fast and coordinated emergency response across key sectors in Mozambique.
(Source UNICEF)
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