Caribbean Development Bank

Published purpose

The project aims to develop agricultural insurance as a cost effective mechanism to protect the livelihoods of low-income farmers in the Caribbean. The project starts by providing insurance cover to banana farmers in the Eastern Caribbean. As the project progresses, it aims to expand its coverage from 3,000 farmers to 15,000, reaching about 50,000 beneficiaries, supporting more countries in the region, as well as more crops, including nutmeg, cocoa, coffee and rice. The project also assists farmers to implement disaster risk reduction techniques. The project is implemented in collaboration with the Caribbean Development Bank and the Government of United Kingdom’s Department for International Development.