Colombia : Policy Note on the Implementation of Catastrophe Agricultural Insurance
Colombia is very exposed to natural and climatic disasters and especially to large-scale hydro meteorological drought and excess rain or flood events related to the ENSO El Nino or La Nina phenomena which impact very severely on the agricultural se...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/358091524739516743/Colombia-Policy-note-on-the-implementation-of-catastrophe-agricultural-insurance http://hdl.handle.net/10986/29761 |
| Summary: | Colombia is very exposed to natural and
climatic disasters and especially to large-scale hydro
meteorological drought and excess rain or flood events
related to the ENSO El Nino or La Nina phenomena which
impact very severely on the agricultural sector. In Colombia
a high proportion of the rural population are small-scale
poor crop and livestock family farmers who are extremely
vulnerable to these natural disasters. Since the end of the
rural conflict in 2016, Government of Colombia (GoC) has
given major priority to the eradication of rural poverty
through the regeneration of the agricultural sector with a
focus on the most vulnerable small crop and livestock
producers located in post conflict municipalities. As part
of its commitment to transform the rural sector, GoC is
seeking to develop suitable catastrophe agricultural
insurance products and programs for the small family farming
sector. This Policy Note presents to a series of policy
guidelines and recommendations for GoC to consider relating
to the design and implementation of large-scale Catastrophe
Agricultural Insurance programs as part of the government’s
integrated disaster risk management and risk financing
strategy for Colombia. |
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