Drought index-insurance pilot for maize farmers
Assurance Mutuelle Agricole du Benin
The GIIF team was asked by AMAB to help develop drought index insurance. This pilot drew from the prior experience in Senegal.
Benin is a small country with a population estimated at just under 10 million in 2011, and the national economy relies on the agriculture sector, in particular on cotton. Indeed, the agriculture sector accounts for about 32% of GDP and is the source of livelihood for nearly 70% of the country’s workforce. As part of its Growth and Poverty Reduction Strategy (2011-2015), Benin has identified agricultural diversification and improved agricultural productivity as two key priorities.
Insurance Regulatory Agency (Direction des Assurances du Benin), Minister of Finance, Minister of Agriculture, PlaNet Guarantee, CIRAD.
World Bank group
Tel: + 1 202 473 6160