Project profile — Agricultural Micro-Insurance in the Caribbean

• West Indies, regional (100.00%)

• Conflict Prevention And Resolution, Peace And Security: Security system management and reform (15210) (10.00%)
• Agriculture: Agricultural services (31191) (40.00%)
• General Environmental Protection: Site preservation (41040) (10.00%)
• Disaster Prevention And Preparedness: Disaster prevention and preparedness (74010) (40.00%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

The project aims to develop agricultural insurance as a cost effective mechanism to protect the livelihoods of low-income farmers in the Caribbean. The project starts by providing insurance cover to banana farmers in the Eastern Caribbean. As the project progresses, it aims to expand its coverage from 3,000 farmers to 15,000, reaching about 50,000 beneficiaries, supporting more countries in the region, as well as more crops, including nutmeg, cocoa, coffee and rice. The project also assists farmers to implement disaster risk reduction techniques. The project is implemented in collaboration with the Caribbean Development Bank and the Government of United Kingdom’s Department for International Development.

The expected intermediate outcomes for this project include: (1) Enhanced equitable delivery of insurance products to women and men farmers in the Caribbean; (2) Improved reinsurance mechanisms available in the Caribbean.

N/A

• Proactive disclosure