Details - International Climate Initiative (IKI)

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Integrated financial management of climate risks in the agricultural sector in Peru

As of: March 2019

Objective and activities

The project advises the Peruvian Ministry of Agriculture (MINAGRI) on establishing a risk-transfer system with the backing of both the state and the private sector. The system will improve food security, enhance economic stability in rural areas and help the agricultural sector to better cope with climate change. The private and public financial services offered through the system will enable agricultural producers to reduce their vulnerability to weather extremes - which are exacerbated by climate change - and to limit their exposure to the associated risks. The project is supporting the development of an information system and strengthening the expertise required for the management and government supervision of risk transfer systems in Peru.

State of implementation/results

On 17 and 18 of October 2018 the international conference "On the Safe Road to Risk Management in the Agricultural Sector: Barriers and Opportunities in Latin America and the Caribbean" took place in Lima. The event was organized by the Ministry of Agriculture, supported by GIZ and FAO.

Project data

Country:
Peru

Implementing organisation:
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

Partner institution(s):
  • Ministry of Foreign Relations - Peru
  • Ministry of Agriculture and Irrigation (MINAGRI) - Peru,Münchener Rückversicherungs-Gesellschaft (Munich Re) - Germany,Superintendency of Banking and Insurance - Peru

BMU grant:
€ 5,000,000

Duration:
01/2014 till 02/2019

Website(s):



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