Weather risks and insurance opportunities for the rural poor


Book Description

As climate variability gains prominence in the international policy agenda, public and private sectors alike are increasingly considering strategies to cope with its economic and social consequences. In turn, the general public—faced with a growing number of extreme weather events and natural hazards—is beginning to demand concrete action. One sector where climate variability and its associated risk have the most damaging impact is the rural economy, in particular smallholder farmers. This brief outlines some of the adverse effects that climate variability has on the rural economy and describes how different insurance mechanisms can contribute to reducing vulnerability and increasing resilience to weather risks.




Reaching the Rural Poor


Book Description

Despite the fact that three quarters of the world's poor live in rural areas, the level of international development aid directed at rural areas has continued to decline over the last decade, particularly in terms of the agricultural sector. In 2001, lending for agricultural projects was the lowest in the World Bank's history. This publication presents the World Bank's new rural development strategy based upon a results oriented approach which stresses practice, implementation, monitoring and empowerment aspects. The strategy seeks to highlight rural development efforts, focusing on the needs of the rural poor, fostering a broad-based economic growth and addressing the impact of global developments on client countries.




Extreme Weather


Book Description

The term extreme weather normally conjures up thoughts of massive storms or heat waves or overtly cold temperatures. These are all examples of what we might consider as weather events that occur out of the ordinary or what is regarded as the normal pattern of calm, heat, cold, dry, or wet conditions for one season of the year or another. The point is that if we consider an oscillation of data points in a weather pattern and plot a mean through it, extreme weather can be observed as a perturbation in a distribution of climatic events over time. These events may be short-lived, such as a wind gust occurrence, or of longer duration, such as heavy rain leading to flooding. Importantly, once initiated, a perturbation event has an associated consequence, which usually requires human intervention to rectify the event’s consequences.




Resilience for food and nutrition security


Book Description

Economic shocks including food price shocks, environmental shocks, social shocks, political shocks, health shocks, and many other types of shocks hit poor people and communities around the world, compromising their efforts to improve their well-being. As shocks evolve and become more frequent or intense, they further threaten people’s food and nutrition security and their livelihoods. How do we help people and communities to become more resilient, to not only bounce back from shocks but to also to get ahead of them and improve their well-being so that they are less vulnerable to the next shock? How do we get better at coping with—and even thriving—in the presence of shocks?




Weather Index Insurance for Smallholder Farmers in Africa


Book Description

ÿThe international conference on ?Weather index insurance in Africa: lessons learnt and goals for the future? was organised by the Department of Economics, University of the Western Cape, in collaboration with its international partners. The conference attracted over 40 participants drawn from academic and research institutions, insurance practitioners, reinsurers, government policy makers, bankers, agricultural producers, and representatives of non-governmental organisations. The presenters highlighted experiences, challenges and opportunities based on current pilot projects on weather index insurance in many parts of Africa.




A thriving agricultural sector in a changing climate


Book Description

Given its heavy reliance on rainfed agriculture and projected climatic and weather changes, SSA faces multidimensional challenges in ensuring food and nutrition security as well as preserving its ecosystems. In this regard, climate-smart agriculture (CSA) can play an important role in addressing the interlinked challenges of food security and climate change. CSA practices aim to achieve three closely related objectives: sustainably increase agricultural productivity, adapt to climate change, and mitigate greenhouse gas (GHG) emissions. The CSA objectives directly contribute to achieving the 2014 Malabo Declaration goals, which include commitments to (1) end hunger in Africa by 2025, (2) halve poverty by 2025 through inclusive agricultural growth and transformation, and (3) enhance the resilience of livelihoods and production systems to climate variability and other related risks. These linkages underscore the importance of including CSA in country and regional plans to achieve overarching development objectives in Africa, in particular food security and poverty reduction. The 2016 Annual Trends and Outlook Report (ATOR) examines the contribution of CSA to meeting Malabo Declaration goals by taking stock of current knowledge on the effects of climate change, reviewing existing evidence of the effectiveness of various CSA strategies, and discussing examples of CSA-based practices and tools for developing evidence-based policies and programs.




Shock Waves


Book Description

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.




Rural Poverty, Risk and Development


Book Description

All men and women are subject to risk: illness, accident, death. Some shocks affect their ability to feed and support themselves properly, either temporarily: unemployment, crop failure, and loss of property; or permanently: disability, and skill obsolescence.This report summarises what is known and also what is not known about the sources of risk faced by the rural poor and their coping strategies. It examines the impact of risk and risk-coping strategies on development and the way in which governments and international organisations can assist in dealing with risk and overcoming poverty.







Agricultural development: New perspectives in a changing world


Book Description

Agricultural Development: New Perspectives in a Changing World is the first comprehensive exploration of key emerging issues facing developing-country agriculture today, from rapid urbanization to rural transformation to climate change. In this four-part volume, top experts offer the latest research in the field of agricultural development. Using new lenses to examine today’s biggest challenges, contributors address topics such as nutrition and health, gender and household decision-making, agrifood value chains, natural resource management, and political economy. The book also covers most developing regions, providing a critical global perspective at a time when many pressing challenges extend beyond national borders. Tying all this together, Agricultural Development explores policy options and strategies for developing sustainable agriculture and reducing food insecurity and malnutrition. The changing global landscape combined with new and better data, technologies, and understanding means that agriculture can and must contribute to a wider range of development outcomes than ever before, including reducing poverty, ensuring adequate nutrition, creating strong food value chains, improving environmental sustainability, and promoting gender equity and equality. Agricultural Development: New Perspectives in a Changing World, with its unprecedented breadth and scope, will be an indispensable resource for the next generation of policymakers, researchers, and students dedicated to improving agriculture for global wellbeing.