Desk Report, agricare24.com: Green DeltaInsurance andInternational Finance Corporation (IFC)jointly organized an eventto discuss the role of agriculture insurance in mitigating farmers’ risksassociated with uncertain weather changes in Bangladesh.
The highlight of the event was the official launch of the weather index-based agri-insurance, supported by BusinessFinance for Poor-Bangladesh (BFP-B) Challenge Fund & Agriculture Value Chain Project of USAID.
The launch was followed by a presentation on the pilot project and a panel discussion with high officials and experts from renowned financial institutions and development organizations.
The Honorable Finance Minister, Mr. Abul Maal A. Muhith MP graced the event as the Chief Guest. OtherspecialguestswereMr.Md.AshadulIslam,SecretaryofFinancialInstitutionsDivision,MinistryofFinance; Mr.Md.ShafiqurRahmanPatwari,ChairmanofInsuranceDevelopment&RegulatoryAuthorityandMr.VijaysekarKalavakonda,SeniorFinancialSectorSpecialist,WorldBankGroup. There were speeches byMs. Farzana Chowdhury, Managing Director and CEO of Green Delta Insurance and Wendy Warner, IFC Country Manager for Bangladesh, Bhutan and Nepal.Besidesthe representatives from Green Delta and IFC, participants from ministries, policy makers, foreign dignitaries, insurance industry, regulators and related stakeholders were also present at the event.