PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601507

Primary Business Area

Finance and Markets

Disclosure Date

Jan 29, 2017

Country

Dominican Republic

Region

Latin America and the Caribbean

IFC Approval Date

Feb 19, 2016

Status

Completed

Estimated Total Budget

$951,447.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Feb 15, 2016

Project Estimated End Date

Dec 31, 2019

Project Description

The project will implement a public-private programmatic strategy to develop index insurance in the Dominican Republic. Project activities will include a combination of the following: (i) development of agroclimatic data information systems and their management by the public sector; (ii) clarification of public policy on agricultural insurance, including the related subsidies ability to support the development of the index insurance market; and (iii) delivery of advisory services to develop portfolio index insurance products with public and private insurance companies for public and private banks and MFIs and potentially to other farmer aggregators to insure their agricultural portfolios against natural disasters, including in-depth trainings on index insurance development and scaling-up, and (iv) awareness raising and knowledge dissemination on applications for index insurance at a sector-wide level.

Development Results

E&S Risks / Impacts and Mitigation