Microfinance products for weather risk management in developing countries: State of the arts and perspectives
To this date, efforts to introduce index-based weather insurance products have met with limited success, requiring in general heavy subsidies and running into difficulties in achieving market-based sustainability. At the same time, considerable progress has been made in adapting microfinance savings and credit facilities to the needs of the poor, but generally not for the purpose of helping them deal with uninsured risks.
In this perspective, Ferdi organized in June 2013 a workshop coordinated by Alain de Janvry and Elisabeth Sadoulet, Senior fellows at Ferdi and Professors at the University of California at Berkeley, gathering many of the best international experts on these issues. The aim of the workshop was to review progress in the take-up of index-based weather insurance, and to explore the potential of financial instruments such as micro-savings and microcredit as complements to insurance in helping cope with weather shocks.
On this basis and to continue their long-standing collaboration, Ferdi and the French Agency for Development seek to open a dialogue with development practitioners and private banks and insurance companies in order to confront research results with these actors’ experience. They aim at stimulating interactions and favoring the exchange of experiences between researchers and practitioners. Practical informations
Date and place :
on June 25, 2014, 2-6pm
in Paris, Novotel Gare de Lyon,
Alain de Janvry, Elisabeth Sadoulet (Ferdi and University of California at Berkeley), Gaëlle Balineau (Agence française de développement)
Interprétation simultanée FR-AN
Contact and registration : firstname.lastname@example.org
1:45 pm: Welcoming of the participants
2:00-2:15pm: Opening remarks
Patrick GUILLAUMONT, President of Ferdi
Alain HENRY, Director of the Research Department, AFD
2:15-3:10pm: State of the arts on index insurance
Progress with design and impact analyses, by Michael CARTER, Professor at the University of California at Davis
Determinants of index insurance uptake, by Alexander SARRIS, Senior Fellow Ferdi and Professor at the University of Athens
Discussion with the audience, launched by Claude TORRE, Agricultural project manager, AFD
3:15-4:10pm: State of the arts on flexible financial products for confronting risk
Customized microfinance products and potential for risk coping and management, by Alain DE JANVRY and Elisabeth SADOULET, Senior Fellows Ferdi and Professors at the University of California at Berkeley
Interlinked credit, savings, and insurance for risk management, by Vianney DEQUIEDT, Professor at Cerdi-University of Auvergne
Discussion with the audience, launched by Pranav PRASHAD, Agriculture lead, Microinsurance Innovation Facility, International Labour Organization
4:10-4:30pm: Coffee break
4:30-6pm: Panel discussion: Scaling up microfinance products for weather risk management in agriculture: what role(s) for donors? What public-private partnerships? What policy options?
Scaling-up Microfinance Products for Weather Risk Management: Three Proposals to Improve the Public-Private Partnership, Michael CARTER, Professor at the University of California at Davis
Eneida DEL HIERRO, Project manager Financial Inclusion, AFD, and Claude TORRE, Agricultural project manager, AFD.
- Jean-Michel DEBAR, President of FARM
- Pranav PRASHAD Agriculture lead, Microinsurance Innovation Facility, ILO
- Rachel SBERRO, Research Analyst, Financial & Private Sector Development, The World Bank & International Finance Corporation
- Insurance company (to be confirmed)
Discussion with the audience