Toward Scaled-Up and Sustainable Agriculture Finance and Insurance in Uganda
In March 2018, Uganda's Ministry of Finance, Planning and Economic Development (MoFPED) formally requested technical assistance from the World Bank Group (WBG) to conduct a technical and diagnostic review of the Uganda Agricultural Insurance S...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/420561566891109645/Toward-Scaled-Up-and-Sustainable-Agriculture-Finance-and-Insurance-in-Uganda-Technical-Report http://hdl.handle.net/10986/32331 |
| Summary: | In March 2018, Uganda's Ministry of
Finance, Planning and Economic Development (MoFPED) formally
requested technical assistance from the World Bank Group
(WBG) to conduct a technical and diagnostic review of the
Uganda Agricultural Insurance Scheme (UAIS) with the
objective of providing recommendations to enhance the
scalability and sustainability of the scheme going forward.
This technical report covers the rapid assessment of
agriculture finance and its recommendations, the findings of
the situation and gap analysis of the UAIS, and where
appropriate, presents the WBG’s recommendations for
strengthening the scheme; it also includes a proposal for
two additional insurance programs, one for crop and one for
livestock, targeted at small-scale farmers. Section one is
comprised of four chapters that provide important background
information: chapter one provides context for the study;
chapter two describes the agricultural sector in Uganda,
including the constraints and risk exposure faced by
small-scale farmers; chapter three offers an overview of the
agriculture finance landscape; and chapter four describes
past and present agricultural insurance initiatives,
including the UAIS. Section two includes the remaining
chapters that present findings and make recommendations for
scaling up agriculture insurance in Uganda and making
programs sustainable. Specifically, chapter five describes
in detail the situation and gap analysis carried out for
UAIS insurance products, operating systems and procedures,
and underwriting results, and it identifies possible ways to
strengthen the scheme for the public-private partnership
(PPP) stakeholders to consider. Chapter six presents options
for the development of large-scale Area Yield Index
Insurance (AYII) to complement the existing UAIS crop
insurance products and programs, and it includes fiscal
costings for GoU to consider. Chapter seven presents options
for the development of large-scale Satellite-Based Pasture
Drought Index Insurance (SPDII) for open-grazed livestock in
semi-arid regions of Uganda, most notably the Karamoja subregion. |
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