| Project Detail |
Innovative Climate Risk Financing for the Agricultural Sector in the ASEAN Region In most Member States of the Association of Southeast Asian Nations (ASEAN), the agricultural sector is the main source of income for the population. However, productivity has been increasingly affected by extreme weather events. Moreover, there are only limited financial services available to better protect smallholder farmers and their agricultural production against climate risks. Although climate-risk financing has been recently promoted and agricultural insurance schemes are demonstrating some early successes in the ASEAN region, financial services and the technical aspects of ongoing initiatives still need to be supported with knowledge and innovations. In addition, awareness and financial literacy concerning the climate-risk financing of farmers and relevant actors still require improvement. Objective Farmers access to resilience-enhancing and gender-responsive climate risk financing is improving. |
