Green Hearts
No Result
View All Result
  • Home
  • World
  • Business
  • Sports
  • Agriculture
  • Nature
  • Animals
  • Economy
  • Education
  • Entertainment
  • Life Style
  • Travel
Green Hearts
No Result
View All Result
ADVERTISEMENT
Home Agriculture

International Finance Corp., Zimbabwe Partner to Develop Agriculture Insurance to Protect Smallholder Farmers

Green Hearts by Green Hearts
February 16, 2022
in Agriculture
379 20
0
548
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

MONROE COUNTY AGRICULTURE / Summer could be warmer and drier than normal

May 23, 2022

Agriculture Utility Adjuvants Market Report 2022 by Global Key Players, Types, Applications, Countries, Market Size & Forecast to 2030

May 23, 2022

Agriculture and Food Industries Ministry: Stop the chicken price game

May 23, 2022

Fungal Bat Disease Costing U.S. Agriculture Millions

May 23, 2022


HARARE, Zimbabwe, Feb. 16 — The International Finance Corp., a member of the World Bank Group, issued the next information launch on Feb. 15, 2022:

IFC and Zimbabwe’s insurance coverage regulator, the Insurance and Pensions Commission (IPEC), right this moment introduced a partnership to create a marketplace for agricultural insurance coverage merchandise in Zimbabwe to defend smallholder farmers from weather-related crop injury and different shocks.

Through the partnership, IFC will assess the dangers smallholder farmers face, how they’re dealing with these dangers, and can gauge the farmers’ urge for food for agricultural insurance coverage to defend their livelihoods. IFC may also assist IPEC develop a regulatory framework and enabling surroundings for agricultural insurance coverage and decide the options of insurance coverage merchandise acceptable for Zimbabwe’s farmers.

Additionally, IFC will facilitate information exchanges to assist Zimbabwe’s insurance coverage suppliers study finest practices from extra developed agri-insurance markets.

Agriculture is a major contributor to Zimbabwe’s financial system, using virtually two-thirds of the nation’s working inhabitants and contributing about eight % to GDP. However, there are at the moment no insurance coverage merchandise within the nation particularly designed to defend smallholder farmers.

Advertisement

“One of our key roles because the regulator is to develop the insurance coverage sector in Zimbabwe,” stated IPEC Commissioner, Grace Muradzikwa. “This partnership has, subsequently, come at an opportune time provided that the nation is inclined to local weather change-related dangers, together with excessive climate occasions similar to drought, floods, heavy rainfall and warmth waves.”

“Agriculture is central to Zimbabwe’s financial system, however it’s a dangerous endeavor that’s changing into riskier as climate patterns grow to be much less predictable,” stated Adamou Labara, IFC’s Country Manager for Zimbabwe. “IFC’s partnership with IPEC will scale back the dangers for Zimbabwe’s farmers by creating the inspiration of agriculture insurance coverage within the nation. Supporting the agribusiness sector is a vital a part of IFC’s technique to promote personal sector development throughout Africa.”

The Zimbabwe undertaking will draw on the expertise of the Global Index Insurance Facility (GIIF), via which IFC has supported the expansion of agriculture/local weather insurance coverage markets in Cameroon, Cote d’Ivoire, Mozambique, Nigeria, Senegal, Zambia, and elsewhere.

GIIF is a multi-donor program managed by the World Bank Group. It was created to handle the shortage of reasonably priced insurance coverage safety towards climate and catastrophic dangers in rising nations.

IPEC develops agricultural insurance coverage options that promote sustainable agriculture practices and profit Zimbabwe’s smallholder farmers. By rising the penetration of agriculture insurance coverage, IPEC expects the brand new program to pace up the adoption of extra resilient and sustainable agriculture practices and increase livelihoods and meals safety.

IFC’s Advisory Services packages in Zimbabwe are additionally serving to to strengthen the nation’s tourism, digital monetary companies and SME monetary companies sectors.



Next Post

Pierre TF Riggs Career and Technical Education program and instructor earn top honors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Agriculture
  • Animals
  • Business
  • Economy
  • Education
  • Entertainment
  • Life Style
  • Nature
  • Sports
  • Travel
  • World

Recommend

Biden in Asia – The New York Times

May 23, 2022

WEF 2022: DPITT sends delegation with agenda to increase India’s exposure

May 23, 2022

Four faculty members with School of Education receive fellowships

May 23, 2022

MONROE COUNTY AGRICULTURE / Summer could be warmer and drier than normal

May 23, 2022

Mother Nature provides the air conditioning today

May 23, 2022

U.S. Companion Animal Health Market Size, Share & Trends

May 23, 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Categories

  • Agriculture
  • Animals
  • Business
  • Economy
  • Education
  • Entertainment
  • Life Style
  • Nature
  • Sports
  • Travel
  • World
  • Home
  • Privacy & Policy
  • Contact Us

© GreenHeartSoup - All Rights Are Reserved

No Result
View All Result
  • Home
  • World
  • Business
  • Sports
  • Agriculture
  • Nature
  • Animals
  • Economy
  • Education
  • Entertainment
  • Life Style
  • Travel

© GreenHeartSoup - All Rights Are Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT