The agriculture and agro-processing sectors are the mainstay of Madagascar’s economy, accounting for about 24 percent of GDP in 2020. About 80 percent of the country’s population is involved in agriculture. However, due to its geographical location, Madagascar is largely affected by natural disasters, including droughts, cyclones, and floods, which threaten agricultural productivity.

The International Finance Corporation (IFC) is organizing a workshop to disseminate key results of the Madagascar Agriculture Insurance Diagnostic in partnership with the Ministry of Agriculture and Livestock (MINAE) in Madagascar and other key stakeholders. The workshop will take place on Monday, July 25, 2022, at Hotel Carlton, Ravinala A, in Antananarivo, Madagascar, from 08:00 to 16:00 EAT.

The diagnostic examines the feasibility and suitability of agricultural insurance solutions to protect Madagascan smallholder farmers from climate shocks.

Speakers at the event include:

• Razafinjara Aimé Lala – Director General of the FOFIFA Program, Ministry of Agriculture and Livestock
• Marcelle Ayo – IFC Country Manager for Comoros, Madagascar, Mauritius, and Seychelles
• Gilles Galludec – Insurance Practice Group Supervisor, IFC Financial Institutions Group

The diagnostic was funded by the Global Index Insurance Facility (GIIF), a multi-donor program managed by the World Bank Group and supported by the governments of Japan, Germany, the Netherlands, and the European Union (EU).

For more information register here