Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage
Devastating floods in Malawi and Mozambique triggered the practical trigger of the Regional Emergency Preparedness and Inclusive Recovery (REPAIR) program, disbursing more than US$22.3 million within seven working days to support emergency national flood responses in these countries, allowing governments to mobilize immediate relief. As REPAIR participating countries, Malawi and Mozambique subsequently triggered activation requests…