New insurance facility launched for vulnerable economies across Africa and Asia

The Vulnerable Twenty (V20) group of economies has launched a sustainable insurance facility (SIF) to protect micro, small and medium-sized enterprises (MSMEs) that account for 29% of GDP and employ 78% of the workforce in vulnerable economies across Africa and Asia. Worsening climate disasters would further drag down economic productivity and resilience if the MSME sector does not have adequate…

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