Madagascar s farmers stand to build stronger climate resilience, increase productivity, and more easily access financial services thanks to an agricultural insurance program announced by IFC and the Government of Madagascar. IFC is a member of the World Bank Group.
Under the program, IFC will help Malagasy insurance companies develop targeted insurance products to protect farmers from weather-related risks and other natural disasters that threaten their livelihoods and undermine creditor confidence.
Agricultural insurance will help protect farmers from a wide range of natural disasters, including cyclones, droughts, floods, and pest invasions. Natural disasters cost Madagascar s economy on average 1 percent of GDP annually.
The African Cashew Alliance (ACA) has called on African governments to provide an enabling policy environment conducive for business to help position African cashew producers among the leaders in cashew production in the world.
This, ACA believes, is critical to help African countries involved in the cashew industry, fully take advantage of the booming market for cashew in Europe and the USA.
The Managing Director of ACA, Mr Ernest Mintah, while acknowledging the development in Ghana’s cashew sector with the inauguration of the Tree Crop Development Authority (TCDA), said it was not enough as an unwavering support was needed to make it become operational and to be able to fulfil its obligations.
The Climate Resilient Health Systems Initiative under the Adaptation Action Coalition will be launched on May 6th, 9am CEST, as part of the 12th Petersberg Climate Dialogue (PCD XII).
(CCREEE), Press Release
4 May, 2021|Bridgetown, Barbados – Last November, the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) launched the private sector stream of the Project Preparation Facility (PPF) and today, the Centre kicked-off the public sector stream with a roundtable discussion.
Several high-level participants with focal areas ranging from energy and finance, to climate resilience and youth spoke under the theme, The Energy and Climate Nexus: Meeting Targets and Goals through Project Development. Among these was Barbados’ Energy Permanent Secretary and Chairperson of the CCREEE Executive Board, Mrs Francine Blackman, who in responding to a question from the moderator noted that, “for us in Barbados, the 2008 oil crisis and a deteriorating fiscal position with close to 800 mil spent annually to purchase oil, the government made a decision to use more of the natural resources around us.”
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