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Insurance and Risk Finance Facility Project: towards the development of inclusive insurance

18/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but de développer l' assurance inclusive et de permettre aux populations les plus vulnérables d' en bénéficier, le United Nations Programme for Dice Development (UNDP) has launched the Insurance and Risk Finance Facility (IRFF) project

.

Insurance and Risk Financing Facility (IRFF) is the result of a partnership between Insurance Development Forum (IDF) and the Senegalese Ministry of Finance and Budget. It is a project whose vision is to share diagnostic studies on inclusive insurance and disaster risk financing in the country. According to Mamadou Dème, director of insurance at the Ministry of Finance and Budget, inclusive insurance as a means of protecting against risks supports the achievement of the Sustainable Development Goals and strengthens

the economy.

According to him, this project took place “in a particular context where the Senegalese economy has been marked by several crises since 2020, such as the COVID-19 pandemic, the Ukrainian crisis, oil price fluctuations, the reduction of resources fisheries and especially the floods of recent years with less predictable rainfall

.”
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