[Event Recap] Disaster Risk Finance for Agriculture Knowledge Series - Webinar #5: Implementing a Financial Protection Scheme for Agriculture

The fifth webinar in the Strengthening Financial Resilience in Agriculture Knowledge Series took place virtually on July 21, 2021. The session focused on the steps required to operationalize and implement national level Agriculture Disaster Risk Finance (DRF) strategies and programs to build financial resilience to disasters within the agriculture sector. Lisa Yu (Risk Finance Consultant, Finance, Competitiveness, and Innovation, World Bank Group [WBG]) presented the key takeaways from the previous session and moderated the Question & Answer session. Barry Maher (Senior Financial Sector Specialist, Finance, Competitiveness, and Innovation, WBG) presented the decision-making framework and discussed how to utilize the framework in implementation of a financial protection scheme. The presentation included a deep-dive into Kenya as a country case study and an engaging discussion with colleagues from Government of Kenya Tom Dienya (Crop Insurance Officer, Ministry of Agriculture, Kenya) and Richard Kyuma (Program Coordinator, Kenya Livestock Insurance Program) on their experience implementing insurance programs for the agriculture sector in Kenya. This was followed by a session on the importance and value of incorporating monitoring and evaluation into the assessment of financial protection schemes. This was delivered by Michael Carter (Director, Feed the Future Innovation Lab for Markets, Risk and Resilience) who has worked with the Government of Kenya on integrating evaluation frameworks into their agriculture insurance schemes. 

The webinar was facilitated by Kaavya Krishna (Senior Financial Sector Specialist, Finance, Competitiveness, and Innovation, WBG), featuring live poll questions to understand the participants better and interact with the audience. The webinar had a Q&A session, which discussed various questions posed by the attendees during the registration and the live session. The virtual session brought together over 112 participants from client countries, international organizations, private sector companies, non-governmental organizations, and academia. Click here and here to access the session recording and slides.  

The DRF for Agriculture Knowledge Series features interactive webinars and associated fact sheets from February to November 2021. Invited speakers are industry experts, government clients, and seasoned practitioners from the World Bank Group and international development agencies. This series offers a World Bank Group certificate of achievement. Click here to access the post-event resource page.