Focused on enhancing climate resilience, the initiative introduces an innovative weather-based insurance scheme to provide financial protection against climate risks such as dry spells and excess rainfall. By promoting crop diversification and integrating insurance into a broader support package, the programme aims to strengthen local rice value chains and contribute to sustainable agriculture. The integrated approach not only safeguards farmers but also facilitates access to credit and markets, potentially stabilizing the entire value chain and promoting long-term resilience. This factsheet outlines the multifaceted strategy poised to create a brighter, more resilient future for cocoa farmers in the region.
Climate Risk Insurance in Côte d’Ivoire - December 2023
The United Nations World Food Programme (WFP), with funding received through WFP’s Innovation and Knowledge Accelerator (INKA), is piloting an index insurance product in Côte d'Ivoire aiming to enhance climate resilience for smallholder farmers engaged in rice and cocoa cultivation.