Vietnam

There is a growing consensus among development community that the risk insurance can provide an effective risk management tool for mitigating the impacts of climatic and non-climatic disasters. Several risk insurance initiatives have been implemented at grassroots level for reducing the vulnerability of communities to disasters in most of the countries in Asia and the Pacific over the years.

Document: 

promoting-risk-financing-asia-pacific-lessons-agri-insurance_0.pdf

Humanity has made enormous progress in the past 50 years toward eliminating hunger and malnutrition. Some five billion people--more than 80 percent of the world's population--have enough food to live healthy, productive lives. Agricultural development has contributed significantly to these gains, while also fostering economic growth and poverty reduction in some of the world's poorest countries.

Climate risks are not new to farmers of the lower Mekong. Important climate risks that are common to farmers of the region include midseason dry spells that can damage young plants and late-season floods just before harvest that can cause severe crop loss. Farmers have developed and used various measures to cope with these and other climate risks.

This article focuses on two technical assistance projects using aggregate index-based risk transfer products (IBRTPs) to transfer significant natural disaster risks, which affect agricultural production over wide regions. When considering how the costs of natural disasters are internalized, it is important to look at institutional arrangements, particularly in the financial sector.

Document: 

UsingIndexbasedRiskTransferProductstoFaciliateMicroLendinginPeruandVietnam.pdf