SCOPE: BO-L1181 – Supporting the financial management of climate risks and vulnerability reduction
DESCRIPTION: The proposed project aims to support and expand the Universal Agricultural Insurance Program that the country is implementing. The proposed project seeks to strengthen the implementation of a catastrophic insurance scheme for small farmers in the poorest municipalities of Bolivia by financing the creation of a Stop Loss Fund that will cover a portion of the losses of the insurance scheme and allow the transfer of part of the catastrophic risk to the markets. In addition, through this Stop Loss Fund, the project will contribute to the expansion of the commercial agricultural insurance market in the country.
PROJECT TYPE: Loan
OPERATION NUMBER: BO-L1181