Rural Risk Management Ethiopia
This document investigates prospects for the use of index based weather insurance in Ethiopia for commercial and semi-commercial farmers. The document first summarizes the impact of risk weather risk in particular on Ethiopian agriculture and the need to balance investments in weather risk mitigati...
| Main Author: | |
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| Format: | Other Rural Study |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/12/14231260/ethiopia-rural-risk-management http://hdl.handle.net/10986/8154 |
| id |
okr-10986-8154 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ADMINISTRATIVE COSTS AGENTS AGRICULTURAL CREDIT AGRICULTURAL INSURANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTION ASSET BASES ASSET SALES ASYMMETRIC INFORMATION BASIS RISK BENEFICIARIES BLOCK GRANTS BORROWER BRANCH NETWORK CAPACITY BUILDING CASH TRANSFERS CIVIL WAR COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMODITY RISK MANAGEMENT COMPENSATION CONTRACT DESIGN CONTRACT ENFORCEMENT COOPERATIVE BANK COVERAGE CREDIBILITY CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT PROGRAMS CROP INSURANCE CROP LOSS CROP LOSSES DAMAGES DEFAULTS DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DOMESTIC MARKETS DROUGHT DROUGHTS EMERGING MARKET EMERGING MARKETS EMPLOYMENT EXPENDITURE EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FARMERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RISKS FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FOOD AID FOOD SHORTAGES FUTURES FUTURES CONTRACTS GENERAL INSURANCE GOVERNMENT GUARANTEE GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GOVERNMENT SUPPORT GROUP LENDING HOLDING HOUSEHOLD INCOME INDEMNITIES INDIVIDUAL COLLATERAL INFORMAL INSURANCE INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE CORPORATION INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE TRANSACTIONS INSURER INSURERS INTEREST RATE INTERNATIONAL MARKET INTERNATIONAL MARKETS INVESTMENT BEHAVIORS LAWS LENDER LENDERS LENDING DECISIONS LENDING INTEREST RATES LIABILITY LIFE INSURANCE LOAN LOAN AGREEMENT LOAN GUARANTEES LOAN PORTFOLIO LOAN PROCEEDS LOCAL ADMINISTRATION LOCAL BANKS LOCAL GOVERNMENT LONG-TERM COST MARKET DEVELOPMENT MARKET INTERMEDIARIES MARKET PRICES METEOROLOGICAL OFFICE MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MIGRATION MORAL HAZARD NATIONAL BANK NATURAL DISASTERS PHYSICAL ASSETS POOR FARMERS PORTFOLIO PORTFOLIO MANAGEMENT PRICE RISKS PRIVATE BANKS PRODUCTIVITY PROFITABILITY REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS REINSURERS REPAYMENT RETURN RETURNS RISK ANALYSIS RISK ASSESSMENT RISK EXPOSURE RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SERVICES RISK MANAGEMENT TOOL RISK MITIGATION RISK POOLING RISK REDUCTION RISK SHARING RISK TAKING RISK TRANSFER RURAL COMMUNITIES RURAL FINANCE SAFETY SAFETY NETS SAVINGS SETTLEMENT SOCIAL CAPITAL SUSTAINABILITY TECHNICAL ASSISTANCE THIRD PARTY RISK TRADING TRANSACTION TRANSACTION COSTS WAREHOUSE WAREHOUSE RECEIPTS WATER SUPPLY WATER USE WEATHER EVENT WEATHER EVENTS WITHDRAWAL |
| spellingShingle |
ACCOUNTABILITY ADMINISTRATIVE COSTS AGENTS AGRICULTURAL CREDIT AGRICULTURAL INSURANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTION ASSET BASES ASSET SALES ASYMMETRIC INFORMATION BASIS RISK BENEFICIARIES BLOCK GRANTS BORROWER BRANCH NETWORK CAPACITY BUILDING CASH TRANSFERS CIVIL WAR COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMODITY RISK MANAGEMENT COMPENSATION CONTRACT DESIGN CONTRACT ENFORCEMENT COOPERATIVE BANK COVERAGE CREDIBILITY CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT PROGRAMS CROP INSURANCE CROP LOSS CROP LOSSES DAMAGES DEFAULTS DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DOMESTIC MARKETS DROUGHT DROUGHTS EMERGING MARKET EMERGING MARKETS EMPLOYMENT EXPENDITURE EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FARMERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RISKS FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FOOD AID FOOD SHORTAGES FUTURES FUTURES CONTRACTS GENERAL INSURANCE GOVERNMENT GUARANTEE GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GOVERNMENT SUPPORT GROUP LENDING HOLDING HOUSEHOLD INCOME INDEMNITIES INDIVIDUAL COLLATERAL INFORMAL INSURANCE INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE CORPORATION INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE TRANSACTIONS INSURER INSURERS INTEREST RATE INTERNATIONAL MARKET INTERNATIONAL MARKETS INVESTMENT BEHAVIORS LAWS LENDER LENDERS LENDING DECISIONS LENDING INTEREST RATES LIABILITY LIFE INSURANCE LOAN LOAN AGREEMENT LOAN GUARANTEES LOAN PORTFOLIO LOAN PROCEEDS LOCAL ADMINISTRATION LOCAL BANKS LOCAL GOVERNMENT LONG-TERM COST MARKET DEVELOPMENT MARKET INTERMEDIARIES MARKET PRICES METEOROLOGICAL OFFICE MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MIGRATION MORAL HAZARD NATIONAL BANK NATURAL DISASTERS PHYSICAL ASSETS POOR FARMERS PORTFOLIO PORTFOLIO MANAGEMENT PRICE RISKS PRIVATE BANKS PRODUCTIVITY PROFITABILITY REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS REINSURERS REPAYMENT RETURN RETURNS RISK ANALYSIS RISK ASSESSMENT RISK EXPOSURE RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SERVICES RISK MANAGEMENT TOOL RISK MITIGATION RISK POOLING RISK REDUCTION RISK SHARING RISK TAKING RISK TRANSFER RURAL COMMUNITIES RURAL FINANCE SAFETY SAFETY NETS SAVINGS SETTLEMENT SOCIAL CAPITAL SUSTAINABILITY TECHNICAL ASSISTANCE THIRD PARTY RISK TRADING TRANSACTION TRANSACTION COSTS WAREHOUSE WAREHOUSE RECEIPTS WATER SUPPLY WATER USE WEATHER EVENT WEATHER EVENTS WITHDRAWAL World Bank Rural Risk Management Ethiopia |
| geographic_facet |
Africa Ethiopia |
| description |
This document investigates prospects for the use of index based weather insurance in Ethiopia for commercial and semi-commercial farmers. The document first summarizes the impact of risk weather risk in particular on Ethiopian agriculture and the need to balance investments in weather risk mitigation and weather risk management. Because the focus of this document is on risk management in the face of potential weather shocks, this introduction is followed by a summary of the traditional risk-transfer tool available for managing agricultural weather risk, multi-peril crop insurance. It outlines the limitations of this approach in the Ethiopian context. Finally, the first section of the paper provides an overview of the index based weather insurance product, which is the focus of the remainder of the document. Narrowing its scope to the potential use of index based weather insurance products in Ethiopia, the research discusses whether the prerequisites or enabling conditions for this type of product exist and whether there are any major impediments to developing a weather insurance program in the country. It was determined that the major pre-requisites for a pilot program appeared to be in place. The research took a project implementation approach to determining the technical feasibility of this type of program, despite some misgivings about scalability. |
| format |
Economic & Sector Work :: Other Rural Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Rural Risk Management Ethiopia |
| title_short |
Rural Risk Management Ethiopia |
| title_full |
Rural Risk Management Ethiopia |
| title_fullStr |
Rural Risk Management Ethiopia |
| title_full_unstemmed |
Rural Risk Management Ethiopia |
| title_sort |
rural risk management ethiopia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/12/14231260/ethiopia-rural-risk-management http://hdl.handle.net/10986/8154 |
| _version_ |
1764404624852254720 |
| spelling |
okr-10986-81542021-04-23T14:02:38Z Rural Risk Management Ethiopia World Bank ACCOUNTABILITY ADMINISTRATIVE COSTS AGENTS AGRICULTURAL CREDIT AGRICULTURAL INSURANCE AGRICULTURAL LOANS AGRICULTURAL PRODUCTION ASSET BASES ASSET SALES ASYMMETRIC INFORMATION BASIS RISK BENEFICIARIES BLOCK GRANTS BORROWER BRANCH NETWORK CAPACITY BUILDING CASH TRANSFERS CIVIL WAR COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMODITY RISK MANAGEMENT COMPENSATION CONTRACT DESIGN CONTRACT ENFORCEMENT COOPERATIVE BANK COVERAGE CREDIBILITY CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT HISTORY CREDIT INSTITUTIONS CREDIT MARKETS CREDIT PROGRAMS CROP INSURANCE CROP LOSS CROP LOSSES DAMAGES DEFAULTS DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DOMESTIC MARKETS DROUGHT DROUGHTS EMERGING MARKET EMERGING MARKETS EMPLOYMENT EXPENDITURE EXTREME WEATHER EXTREME WEATHER EVENTS FAMINE FARMER FARMERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RISKS FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FOOD AID FOOD SHORTAGES FUTURES FUTURES CONTRACTS GENERAL INSURANCE GOVERNMENT GUARANTEE GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GOVERNMENT SUPPORT GROUP LENDING HOLDING HOUSEHOLD INCOME INDEMNITIES INDIVIDUAL COLLATERAL INFORMAL INSURANCE INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE CORPORATION INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE TRANSACTIONS INSURER INSURERS INTEREST RATE INTERNATIONAL MARKET INTERNATIONAL MARKETS INVESTMENT BEHAVIORS LAWS LENDER LENDERS LENDING DECISIONS LENDING INTEREST RATES LIABILITY LIFE INSURANCE LOAN LOAN AGREEMENT LOAN GUARANTEES LOAN PORTFOLIO LOAN PROCEEDS LOCAL ADMINISTRATION LOCAL BANKS LOCAL GOVERNMENT LONG-TERM COST MARKET DEVELOPMENT MARKET INTERMEDIARIES MARKET PRICES METEOROLOGICAL OFFICE MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MIGRATION MORAL HAZARD NATIONAL BANK NATURAL DISASTERS PHYSICAL ASSETS POOR FARMERS PORTFOLIO PORTFOLIO MANAGEMENT PRICE RISKS PRIVATE BANKS PRODUCTIVITY PROFITABILITY REGULATORY FRAMEWORK REINSURANCE REINSURANCE MARKETS REINSURERS REPAYMENT RETURN RETURNS RISK ANALYSIS RISK ASSESSMENT RISK EXPOSURE RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SERVICES RISK MANAGEMENT TOOL RISK MITIGATION RISK POOLING RISK REDUCTION RISK SHARING RISK TAKING RISK TRANSFER RURAL COMMUNITIES RURAL FINANCE SAFETY SAFETY NETS SAVINGS SETTLEMENT SOCIAL CAPITAL SUSTAINABILITY TECHNICAL ASSISTANCE THIRD PARTY RISK TRADING TRANSACTION TRANSACTION COSTS WAREHOUSE WAREHOUSE RECEIPTS WATER SUPPLY WATER USE WEATHER EVENT WEATHER EVENTS WITHDRAWAL This document investigates prospects for the use of index based weather insurance in Ethiopia for commercial and semi-commercial farmers. The document first summarizes the impact of risk weather risk in particular on Ethiopian agriculture and the need to balance investments in weather risk mitigation and weather risk management. Because the focus of this document is on risk management in the face of potential weather shocks, this introduction is followed by a summary of the traditional risk-transfer tool available for managing agricultural weather risk, multi-peril crop insurance. It outlines the limitations of this approach in the Ethiopian context. Finally, the first section of the paper provides an overview of the index based weather insurance product, which is the focus of the remainder of the document. Narrowing its scope to the potential use of index based weather insurance products in Ethiopia, the research discusses whether the prerequisites or enabling conditions for this type of product exist and whether there are any major impediments to developing a weather insurance program in the country. It was determined that the major pre-requisites for a pilot program appeared to be in place. The research took a project implementation approach to determining the technical feasibility of this type of program, despite some misgivings about scalability. 2012-06-15T16:03:41Z 2012-06-15T16:03:41Z 2006-12 http://documents.worldbank.org/curated/en/2006/12/14231260/ethiopia-rural-risk-management http://hdl.handle.net/10986/8154 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Other Rural Study Economic & Sector Work Africa Ethiopia |