Mozambique needs sovereign insurance to be financially resilient to natural disasters: PM

MAPUTO— Mozambican Prime Minister Adriano Maleine said the government is working to establish a sovereign insurance that will allow the country to be more resilient and better mitigate the impact of natural disasters, the state radio station Radio Mozambique reported on Tuesday.

Maleine was speaking to the press at the end of his visit in the northern province of Nampula, where a tropical cyclone has made landfall and left a trail of destruction in the region.

Maleine is convinced that with natural disasters becoming more frequent and intense, a sovereign insurance will reinforce the capacity of the National Institute for Disaster Management and Risk Reduction (INGD), says the report.

“We are working to have sovereign insurance, because it is not possible to predict what is going to happen at the infrastructure level. As resilient as we can be, climate change is giving us insight that we didn’t know. The only way is to strengthen the capacity of INGD, in financial matters, that is through joining the sovereign insurance,” the report quoted Maleine as saying.

Tropical cyclone Gombe hit the coastal district of Mossuril in Nampula on Friday, affecting more than 100,000 people in Nampula and the neighboring province of Zambezia.

According to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), the previous tropical storm Ana and tropical depression Dumako have already affected more than 200,000 people in Nampula, Zambezia and Tete provinces.

Source: NAM NEWS NETWORK