Inspired by Wall Street, the World Food Program is creating weather derivatives, a sophisticated financial instrument that would insure Ethiopian farmers against harvest failures caused by droughts. Applying high finance to the risk that millions lose their lives to drought guarantees that funds will reach
Additional Resources
1) Can Insurance Break Ethiopias Vicious Cycle Of Hunger?2) World Bank (WB): Piloting Weather Insurance in India.
3) Subscription only: Basix India Distributes Agri-Insurance.
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