Climate Insurance: Hot Prospect for Ethiopia

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Tens of thousands of smallholder farmers in Ethiopia have benefited from the country's first weather index insurance payment to cover the loss for the previous year's crop failure due to El Nino, AllAfrica reportsThe weather index insurance payouts of 2.6 million birr were part of the pilot insurance initiative supported by UNDP, the Global Environment Facility, the country's Ministry of Environment, Forest and Climate Change.