6th September 2023

Public-Private Partnership launched to develop Agriculture Insurance Scheme in Uzbekistan

The Insurance Development Forum(IDF), the United Nations Development Programme(UNDP), the German Government, and the government of Uzbekistan have launched a E1.9m project to develop and implement a sovereign risk transfer scheme consisting of a multi-peril indemnity insurance product to protect climate-vulnerable farmers in Uzbekistan.
Alisher Shukurov, deputy minister of Agriculture in the Republic of Uzbekistan, said: “UNDP is a trusted partner of the Ministry of Agriculture of Uzbekistan in combating climatic risks in agriculture and building the resilience of the farmers and smallholders. Therefore, we believe that the current new joint initiative will transform the agricultural insurance market in the country and will support our efforts for agri-food climate change adaptation and mitigation.”

IDF Trends(23 articles)