€4 million initiative to extend climate-risk insurance to Ethiopian farmers
EIB Global has announced a grant of up to €4 million to the World Food Programme for climate-risk insurance products intended to reach 210,000 Ethiopian smallholder farmers.
In short
- EIB Global has announced a grant of up to €4 million to the World Food Programme for climate-risk insurance products intended to reach 210,000 Ethiopian smallholder farmers.
The European Investment Bank’s development arm, EIB Global, has announced a grant of up to €4 million to the World Food Programme to develop and roll out climate-risk insurance for smallholder farmers in Ethiopia.
The initiative is intended to reach 210,000 farmers. It is designed to expand access to insurance products that can help agricultural households manage financial losses linked to climate-related shocks.
The announcement adds a risk-financing component to efforts supporting Ethiopian agriculture, where smallholders can face sharp income and production disruptions from adverse weather. Implementation details and the timing of the rollout will determine how quickly the proposed coverage reaches farmers.
