The document discusses agricultural weather index insurance in Thailand provided by the Bank for Agriculture and Agricultural Cooperatives (BAAC). It provides an overview of BAAC and its operations. It then discusses why risk management is important for farmers, how weather index insurance works as a risk management tool, and the pilot projects conducted from 2006-2010 to test weather index insurance. The pilots showed growing interest from more farmers and covered more provinces and districts over the years. Lessons learned included having a non-complicated model and collaboration between relevant organizations.
The weekly investment bulletin provides an overview of market performance and news from the past week:
- Fears about the US economy caused investors to move into safe haven assets like government bonds and the yen, causing equities and commodities to fall sharply.
- Comments from the Federal Reserve chairman helped improve sentiment by signaling the central bank's willingness to further support the economy.
- Ireland was downgraded by S&P on concerns about its banking system, while most market indexes fell over the past week.
AFC Asia Frontier Fund: Factsheet as of 31.07.2020Thomas Hugger
The document provides information on the AFC Asia Frontier Fund, an investment fund focused on public equities in emerging Asian frontier markets. Key details include: the fund's monthly subscription and redemption terms, its benchmark index, fund managers and investment manager, available share classes and their fees, fund size and performance since inception in 2012. The summary also includes commentary on the fund's July 2020 performance and positioning at the end of the month.
The document discusses the debt outlook and economic indicators of various European Union countries and other major economies. It finds that several EU countries have high government deficits as a percentage of GDP, including Greece, Ireland, Portugal and Spain. It also notes that structural issues like high unemployment rates pose ongoing threats in some EU nations. Finally, it shows that financial markets have become more sensitive to risk in the sovereign debt of other EU countries as the debt crisis has continued.
AFC Asia Frontier Fund Factsheet 30.6.2018Thomas Hugger
AFC Asia Frontier Fund invests in listed equities from Bangladesh, Cambodia, Iraq, Kazakhstan, Kyrgyzstan, Laos, Maldives, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, Uzbekistan and Vietnam.
Agrometeorological stations and weather and climate forecastsCIMMYT
Remote sensing –Beyond images
Mexico 14-15 December 2013
The workshop was organized by CIMMYT Global Conservation Agriculture Program (GCAP) and funded by the Bill & Melinda Gates Foundation (BMGF), the Mexican Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), the International Maize and Wheat Improvement Center (CIMMYT), CGIAR Research Program on Maize, the Cereal System Initiative for South Asia (CSISA) and the Sustainable Modernization of the Traditional Agriculture (MasAgro)
Presented by Vatsal Joshi at the Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths, ILRI, Addis Ababa, Ethiopia, 12 July 2010.
Local Technical Technical Agro-climatic Agro-climatic Committee (LTAC) Commit...Soksophors yim
This publication was prepared as an output for DeRISK SE Asia and is aligned with the
new CGIAR initiative on Asia Mega Deltas. It has not been peer reviewed. Any opinions
stated herein are those of the author(s) and do not necessarily reflect the policies or
opinions of DeRISK SE Asia and donor agencies.
This publication is under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0
IGO).
This manual is based on the lessons learned from piloting LTACs in the two provinces
and is intended for the relevant departments and ministries, such as PDAFF, NGOs,
private sector, management committees of agricultural cooperatives, and other
stakeholders, as a practical guide in coordinating and implementing LTACs in the
country.
To provide guidance on the implementation of the LTAC approach in the context of
Cambodia through specific steps and tools.
This manual is the guide for implementing the LTAC, in which extension workers and
relevant development practitioners can produce locally specific agroclimatic bulletins
with seasonal climate information and agro-advisories to mitigate climatic risks.
The weekly investment bulletin provides an overview of market performance and news from the past week:
- Fears about the US economy caused investors to move into safe haven assets like government bonds and the yen, causing equities and commodities to fall sharply.
- Comments from the Federal Reserve chairman helped improve sentiment by signaling the central bank's willingness to further support the economy.
- Ireland was downgraded by S&P on concerns about its banking system, while most market indexes fell over the past week.
AFC Asia Frontier Fund: Factsheet as of 31.07.2020Thomas Hugger
The document provides information on the AFC Asia Frontier Fund, an investment fund focused on public equities in emerging Asian frontier markets. Key details include: the fund's monthly subscription and redemption terms, its benchmark index, fund managers and investment manager, available share classes and their fees, fund size and performance since inception in 2012. The summary also includes commentary on the fund's July 2020 performance and positioning at the end of the month.
The document discusses the debt outlook and economic indicators of various European Union countries and other major economies. It finds that several EU countries have high government deficits as a percentage of GDP, including Greece, Ireland, Portugal and Spain. It also notes that structural issues like high unemployment rates pose ongoing threats in some EU nations. Finally, it shows that financial markets have become more sensitive to risk in the sovereign debt of other EU countries as the debt crisis has continued.
AFC Asia Frontier Fund Factsheet 30.6.2018Thomas Hugger
AFC Asia Frontier Fund invests in listed equities from Bangladesh, Cambodia, Iraq, Kazakhstan, Kyrgyzstan, Laos, Maldives, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, Uzbekistan and Vietnam.
Agrometeorological stations and weather and climate forecastsCIMMYT
Remote sensing –Beyond images
Mexico 14-15 December 2013
The workshop was organized by CIMMYT Global Conservation Agriculture Program (GCAP) and funded by the Bill & Melinda Gates Foundation (BMGF), the Mexican Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), the International Maize and Wheat Improvement Center (CIMMYT), CGIAR Research Program on Maize, the Cereal System Initiative for South Asia (CSISA) and the Sustainable Modernization of the Traditional Agriculture (MasAgro)
Presented by Vatsal Joshi at the Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths, ILRI, Addis Ababa, Ethiopia, 12 July 2010.
Local Technical Technical Agro-climatic Agro-climatic Committee (LTAC) Commit...Soksophors yim
This publication was prepared as an output for DeRISK SE Asia and is aligned with the
new CGIAR initiative on Asia Mega Deltas. It has not been peer reviewed. Any opinions
stated herein are those of the author(s) and do not necessarily reflect the policies or
opinions of DeRISK SE Asia and donor agencies.
This publication is under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0
IGO).
This manual is based on the lessons learned from piloting LTACs in the two provinces
and is intended for the relevant departments and ministries, such as PDAFF, NGOs,
private sector, management committees of agricultural cooperatives, and other
stakeholders, as a practical guide in coordinating and implementing LTACs in the
country.
To provide guidance on the implementation of the LTAC approach in the context of
Cambodia through specific steps and tools.
This manual is the guide for implementing the LTAC, in which extension workers and
relevant development practitioners can produce locally specific agroclimatic bulletins
with seasonal climate information and agro-advisories to mitigate climatic risks.
Adaptation of thai insurance in light of natural disastersAlexander Decker
This document summarizes a research journal article that investigates the development of major rice crop insurance in Thailand using an area-yield index approach. The article provides background on Thailand's rice production and the impact of natural disasters on yields. It then describes how previous crop insurance programs in Thailand have struggled due to high loss ratios. The researchers analyze historical yield and weather data from 1995-2011 for six Thai provinces to develop expected yield functions and premium rates for area-yield index insurance. They find a wide range in premium rates across the provinces studied. The article concludes there is potential for area-yield index insurance using weather variables to help protect Thai farmers from production losses due to natural disasters.
Impact of Crop Insurance on Area and Production: A Balanced Panel Model Analy...inventionjournals
This article examines the impact of three important parameters such as insurance participation (INSP), total sum insured (TSI) and total premium collected (TPC) on total area under cultivation and total production for Aman Paddy, Boro Paddy and Potato respectively in selected district Hooghly, West Bengal. The balance panel model has been used to justify the above argument. We have collected the requisite data from District Statistical Hand Books, Economic Review of West Bengal and from the Nodal Office of National Agriculture Insurance Company of India Limited, Kolkata. Our empirical finding is that both the total sum insured (TSI) and total premium collected are incentive to increase the area of these crops. The insurance participation (INSP) and total sum insured (TSI) both assist to increase the production of all crops. But the influence of total premium collected (TPC) which is different, just for Aman Paddy is non-cooperative to increase the production. We have observed an adverse significant effect of insurance participation on total area under cultivation for all crops. JEL Classification: C13, C22, Q14
The document provides an overview of forward-looking statements and assumptions regarding Antero Midstream Partners LP and Antero Resources Corporation. It summarizes that any predictions are based on management's experience and historical trends but are subject to risks and uncertainties that could cause actual results to differ. Future distributions from Antero Midstream are dependent on Antero Resources' annual capital budget and commodity prices.
Weather insurance in India - A snaphot (2010)Outenga
This document discusses lessons learned from scaling crop weather index insurance programs in India. It addresses key challenges such as basis risk from imperfect relationships between indices and losses. It suggests using yield-tailored meteorological indices designed through regression of weather patterns on crop yields to better match farmer risks. The document also covers pricing approaches, factors that influence premium rates, and obstacles to insurance acceptability and sellability that must be addressed, such as complex models, trust issues, and service quality. Overall, the summary highlights lessons for improving the design and delivery of crop insurance programs through weather indices.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The ability to make future distributions is substantially dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
This document describes a decision support system for farmers that includes modules for disease detection, weather prediction, and market price analysis. The disease detection module uses image processing to identify plant diseases from leaf images and provides treatment suggestions. The weather prediction module forecasts weather conditions to help farmers make cultivation decisions. The market price module analyzes historical price data to predict future market prices so farmers can decide when to sell their harvests. The system was designed with a web portal for farmers and administrators. Algorithms like multiple linear regression were used for weather predictions. Results from the different modules are displayed graphically and textually to aid farmers' decision making. The overall goal is to help farmers increase crop yields and profits through informed agricultural planning and responses to threats
1. Daiwa Securities placed impact investing bonds for retail clients between March 2008 and March 2013 totaling 697.2 billion yen, with 65% (450.2 billion yen) allocated to climate change, poverty alleviation, vaccines, food, and education.
2. The bonds funded projects related to vaccines, microfinance, poverty reduction, climate change, water, agriculture, and economic development in developing countries.
3. The bonds were denominated in various currencies and had coupon rates and maturities tailored to each project category and issuer's needs.
This document contains slides from a training presentation on Safety Management Systems. It discusses requirements for SMS from ICAO and Malaysian regulations. It provides an overview of aviation safety performance data from IATA for 2021 which showed improvements in accident rates and fatalities. It also reviews definitions for key SMS terms like safety, hazards, risk and risk mitigation. The presentation covers SMS requirements, components and objectives to undertake an overall review of SMS practices.
Role of Agrometeteorology Advisory Services In AgricultureNaveen Bind
This document discusses the role of agrometeorological advisory services in agriculture. It begins with an introduction to agrometeorological advisory services provided by the India Meteorological Department to enhance crop production and food security. Advisory services are provided at the district level through agrometeorological field units. The document then discusses the objectives, importance, information needs, dissemination, tools and products used in advisory services. It provides examples of the economic and on-farm impacts of advisory services and concludes that such services play a vital role in risk mitigation for agriculture.
Thailand UNDP-GIZ workshop on CBA - Enhancing resilience in Thailand through ...UNDP Climate
Thailand, 27-28 November 2017 - UNDP and GIZ partnered with the Thailand Office of Agriculture Economics (OAE) to launch a workshop designed to connect vital stakeholders to build an effective National Adaptation Plan.
The two-day workshop at the Rama Garden Hotel had 20 participants from each department under the Ministry of Agriculture and Cooperatives (MOAC). The workshop was designed to build capacity of planning officers to formulate better projects and budget submissions as well as potential climate finance proposal using cost-benefit analysis and ecosystem-based analysis appraisal tools.
FINANCIAL PERFORMANCE ANALYSIS ON AGRICULTURE INSURANCE COMPANY OF INDIA LIMI...Karteek Chedadeepu
A presentation on Financial performance analysis on Agriculture Insurance Company of India(AIC).
The full Presentation describes about the financial performance During the rabi and kariff Seasons.
Nagarjuna AIC ppt on Insurance - NIRD Workshop 2015.pptxKiranVissa1
Presentation on Crop Insurance schemes by Mr.P. Nagarjuna former General Manager of Agriculture Insurance Corporation. Made at Workshop organized by NIRD and CSA in Hyderabad in November 2015.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide show of my research paper in Crop Insurance in which we estimate the loss function associate with individual farmer. This loss function is useful for both aspect as insurer and insured. It helps to select in proper insurance policy for insured. It also help to insurer for future forecast and policy designing. Also useful in reserve creation formulation for insurer.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
1. Daiwa Securities has placed impact investment bonds totaling 697.2 billion yen from 2008 to 2013, with 65% of the total allocated to climate change projects.
2. The document provides details of impact investment bonds placed each year, including the name of the issuer, currency, coupon rate, maturity period, and amount placed. The bonds financed various social and environmental issues like vaccines, poverty reduction, education, and climate change.
3. As of 2013, Daiwa Microfinance Fund had lent 55 million USD to 20 microfinance institutions, potentially benefiting 59,032 borrowers and representing 1.8% of the total loan portfolio of those institutions.
Crop insurance schemes have evolved in India over several decades to protect farmers from risks of crop failure. The current National Agricultural Insurance Scheme (NAIS) was launched in 1999 and makes crop insurance compulsory for loan-taking farmers. It covers lower premiums but has limitations like delayed claims, low compensation levels, and exclusion of certain risks. The Modified NAIS launched in 2010 uses actuarial premiums with government subsidies to make premiums affordable for farmers. It aims to address some issues but challenges remain in accurately designing insurance indices and assessing losses. Improving coverage levels, reducing assessment costs, and faster compensation are suggested to strengthen crop insurance for farmers.
This document summarizes a study that examines whether index insurance can improve smallholder farmers' access to credit in Ghana, and whether the effects differ for male and female farmers. The study randomly assigned farmer groups to receive either no insurance, individual insurance policies, or group insurance policies. Preliminary results show that group insurance policies increased loan approval rates overall and for both male and female farmers, while individual policies did not significantly impact approval rates. The results suggest index insurance can help reduce risks for lenders and expand smallholder farmers' access to credit.
This document summarizes the key aspects of crop insurance in India presented by Dr. Ashish Kumar Bhutani, Joint Secretary of the Department of Agriculture, Cooperation & Farmers Welfare in the Government of India. It provides an overview of the evolution of crop insurance schemes in India from 1985 to the current Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016. It highlights features of PMFBY including reduced farmer premiums, expanded crop and risk coverage, and use of technology to assess losses. It also discusses the Weather Based Crop Insurance Scheme, Unified Package Insurance Scheme, and Coconut Palm Insurance Scheme.
Presented by Eyob Meherette (NISCO) at the Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths, ILRI, Addis Ababa, Ethiopia, 12 July 2010.
Miraculous Solution to Asia Pacific Soft Ground ImprovementADFIAP
Shanghai Geoharbour Group specializes in land reclamation, soft ground improvement, research, design, consulting, and construction. They have developed the High Vacuum Densification Method (HVDM) which combines vacuum drainage and dynamic compaction to quickly dewater, densify, and improve soft soils. HVDM creates an active drainage system under a pressure gradient to expedite consolidation and save schedule time. It has been successfully used on projects such as airports, ports, highways, and industrial developments.
Visioning the Strategic Role of Development Finance InstitutionsADFIAP
The document discusses the role of development finance institutions (DFIs) in supporting small and medium enterprises (SMEs). It notes that DFIs must balance developmental and financial goals, evolve to meet changing needs, and stay knowledgeable about markets, technology, and customers. The focus is on Malaysia's SME Bank and its efforts to help SMEs contribute to the economy through initiatives like IQ-Dagang that guide entrepreneurs and help make business ideas investment-worthy. Moving forward, the bank aims to finance the SME ecosystem with a new model driven by desired socioeconomic and commercial outcomes.
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Adaptation of thai insurance in light of natural disastersAlexander Decker
This document summarizes a research journal article that investigates the development of major rice crop insurance in Thailand using an area-yield index approach. The article provides background on Thailand's rice production and the impact of natural disasters on yields. It then describes how previous crop insurance programs in Thailand have struggled due to high loss ratios. The researchers analyze historical yield and weather data from 1995-2011 for six Thai provinces to develop expected yield functions and premium rates for area-yield index insurance. They find a wide range in premium rates across the provinces studied. The article concludes there is potential for area-yield index insurance using weather variables to help protect Thai farmers from production losses due to natural disasters.
Impact of Crop Insurance on Area and Production: A Balanced Panel Model Analy...inventionjournals
This article examines the impact of three important parameters such as insurance participation (INSP), total sum insured (TSI) and total premium collected (TPC) on total area under cultivation and total production for Aman Paddy, Boro Paddy and Potato respectively in selected district Hooghly, West Bengal. The balance panel model has been used to justify the above argument. We have collected the requisite data from District Statistical Hand Books, Economic Review of West Bengal and from the Nodal Office of National Agriculture Insurance Company of India Limited, Kolkata. Our empirical finding is that both the total sum insured (TSI) and total premium collected are incentive to increase the area of these crops. The insurance participation (INSP) and total sum insured (TSI) both assist to increase the production of all crops. But the influence of total premium collected (TPC) which is different, just for Aman Paddy is non-cooperative to increase the production. We have observed an adverse significant effect of insurance participation on total area under cultivation for all crops. JEL Classification: C13, C22, Q14
The document provides an overview of forward-looking statements and assumptions regarding Antero Midstream Partners LP and Antero Resources Corporation. It summarizes that any predictions are based on management's experience and historical trends but are subject to risks and uncertainties that could cause actual results to differ. Future distributions from Antero Midstream are dependent on Antero Resources' annual capital budget and commodity prices.
Weather insurance in India - A snaphot (2010)Outenga
This document discusses lessons learned from scaling crop weather index insurance programs in India. It addresses key challenges such as basis risk from imperfect relationships between indices and losses. It suggests using yield-tailored meteorological indices designed through regression of weather patterns on crop yields to better match farmer risks. The document also covers pricing approaches, factors that influence premium rates, and obstacles to insurance acceptability and sellability that must be addressed, such as complex models, trust issues, and service quality. Overall, the summary highlights lessons for improving the design and delivery of crop insurance programs through weather indices.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The ability to make future distributions is substantially dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
This document describes a decision support system for farmers that includes modules for disease detection, weather prediction, and market price analysis. The disease detection module uses image processing to identify plant diseases from leaf images and provides treatment suggestions. The weather prediction module forecasts weather conditions to help farmers make cultivation decisions. The market price module analyzes historical price data to predict future market prices so farmers can decide when to sell their harvests. The system was designed with a web portal for farmers and administrators. Algorithms like multiple linear regression were used for weather predictions. Results from the different modules are displayed graphically and textually to aid farmers' decision making. The overall goal is to help farmers increase crop yields and profits through informed agricultural planning and responses to threats
1. Daiwa Securities placed impact investing bonds for retail clients between March 2008 and March 2013 totaling 697.2 billion yen, with 65% (450.2 billion yen) allocated to climate change, poverty alleviation, vaccines, food, and education.
2. The bonds funded projects related to vaccines, microfinance, poverty reduction, climate change, water, agriculture, and economic development in developing countries.
3. The bonds were denominated in various currencies and had coupon rates and maturities tailored to each project category and issuer's needs.
This document contains slides from a training presentation on Safety Management Systems. It discusses requirements for SMS from ICAO and Malaysian regulations. It provides an overview of aviation safety performance data from IATA for 2021 which showed improvements in accident rates and fatalities. It also reviews definitions for key SMS terms like safety, hazards, risk and risk mitigation. The presentation covers SMS requirements, components and objectives to undertake an overall review of SMS practices.
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This document discusses the role of agrometeorological advisory services in agriculture. It begins with an introduction to agrometeorological advisory services provided by the India Meteorological Department to enhance crop production and food security. Advisory services are provided at the district level through agrometeorological field units. The document then discusses the objectives, importance, information needs, dissemination, tools and products used in advisory services. It provides examples of the economic and on-farm impacts of advisory services and concludes that such services play a vital role in risk mitigation for agriculture.
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Thailand, 27-28 November 2017 - UNDP and GIZ partnered with the Thailand Office of Agriculture Economics (OAE) to launch a workshop designed to connect vital stakeholders to build an effective National Adaptation Plan.
The two-day workshop at the Rama Garden Hotel had 20 participants from each department under the Ministry of Agriculture and Cooperatives (MOAC). The workshop was designed to build capacity of planning officers to formulate better projects and budget submissions as well as potential climate finance proposal using cost-benefit analysis and ecosystem-based analysis appraisal tools.
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The full Presentation describes about the financial performance During the rabi and kariff Seasons.
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Presentation on Crop Insurance schemes by Mr.P. Nagarjuna former General Manager of Agriculture Insurance Corporation. Made at Workshop organized by NIRD and CSA in Hyderabad in November 2015.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide show of my research paper in Crop Insurance in which we estimate the loss function associate with individual farmer. This loss function is useful for both aspect as insurer and insured. It helps to select in proper insurance policy for insured. It also help to insurer for future forecast and policy designing. Also useful in reserve creation formulation for insurer.
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This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
1. Daiwa Securities has placed impact investment bonds totaling 697.2 billion yen from 2008 to 2013, with 65% of the total allocated to climate change projects.
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3. As of 2013, Daiwa Microfinance Fund had lent 55 million USD to 20 microfinance institutions, potentially benefiting 59,032 borrowers and representing 1.8% of the total loan portfolio of those institutions.
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This document summarizes a study that examines whether index insurance can improve smallholder farmers' access to credit in Ghana, and whether the effects differ for male and female farmers. The study randomly assigned farmer groups to receive either no insurance, individual insurance policies, or group insurance policies. Preliminary results show that group insurance policies increased loan approval rates overall and for both male and female farmers, while individual policies did not significantly impact approval rates. The results suggest index insurance can help reduce risks for lenders and expand smallholder farmers' access to credit.
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Green banking and mrv adfiap takashi hongo jbicADFIAP
The document discusses Japan Bank for International Cooperation's (JBIC) efforts around green banking and measurement, reporting, and verification (MRV) of greenhouse gas emission reductions from projects. JBIC aims to balance economic growth and environmental protection by supporting green projects through a new "GREEN" financial program and J-MRV methodology. J-MRV provides a standardized process to measure and verify emission reductions from various project types to facilitate future carbon market participation and risk mitigation.
The document discusses the role of financial institutions in addressing climate change and business opportunities in public-private partnerships. It notes that climate change will impact businesses and that accounting for greenhouse gas emissions makes good business sense. It also provides examples of how development finance institutions in Asia are financing renewable energy, green technology, and other climate-friendly projects. The document emphasizes that as financial intermediaries, development banks have a role to play in mitigating climate change impacts and supporting climate initiatives.
The Development Bank of the Philippines (DBP) is a government-owned development bank that began promoting environmental commitments in 1992 under a World Bank program. DBP introduced strategies like capacity building, credit facilities, and partnerships to finance environmental and climate projects. In 2003 and 2010, DBP established the Carbon Investment Banking Facility and Carbon Finance Program respectively to register client projects under the Clean Development Mechanism and generate carbon credits for additional revenue. DBP has registered various project types and pioneered financing perceived high-risk environmental projects in the Philippines.
The document discusses the history of chocolate, from its origins in Mesoamerica to its popularity in Europe. It details how the Maya and Aztecs cultivated the cocoa bean and used it in drinks. The Spanish conquistadors brought cocoa back to Europe in the 16th century, where it eventually became widely popular after the invention of the chocolate press in the 18th century allowed it to be consumed as a solid form.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
1) Remittances from migrant workers impact local economic development, entrepreneurship, savings, and job creation in their home countries.
2) Governments are working to tap into both official and unofficial remittance flows by developing lower-cost banking mechanisms and improving investment climates.
3) Initiatives to reduce transfer costs, help microfinance institutions, and develop new investment products tailored to migrants' needs could further boost remittance amounts and their developmental impact.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
2. V. Next Step IV. Weather Index Insurance III. How to Manage Risk? II. Why Risk Management? I. About BAAC Agricultural Weather Index Insurance in Thailand
3. I. About BAAC Agricultural Weather Index Insurance in Thailand
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5. BAAC Delivery Structure HEAD OFFICE DEPARTMENTS/DIVISIONS PROVINCIAL OFFICES (75) DISTRICT BRANCHES (977) FIELD OFFICES (957) CLIENTS (6,101,206) Bank Management and Policy Branch Administration and Support Supervision of Activities Credit Delivery to Clients Individual Clients (Joint Liability Groups) Agricultural Cooperatives Farmers’ Associations BUSINESS DEVELOPMENT OFFICERS contact with clients About BAAC
6. Credit Services (as of the end of March 2010) Total 15,776 million (Unit: USD) About BAAC
7. Operating Fund (as of the end of March 2010) Total 23,905 million (Unit: USD) About BAAC
8. II. Why Risk Management? Agricultural Weather Index Insurance in Thailand
9. Why Risk Management for Agricultural Sector? Importance of Agriculture Vulnerability to Hydro-meteorological Risks Burden on Public Resources Growing Insurance Sector Good Weather Data Infrastructure Strong Interest from Stakeholders Why Risk Management? Strong Agricultural Bank 1 2 6 3 7 5 4
10. III. How to Manage Risk? Agricultural Weather Index Insurance in Thailand
11. Crop Insurance Weather Index Insurance How to Manage Risk? How to Manage Risk? Production Risk
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14. How to Manage Risk? Design an alternative, efficient and cost-effective crop failure insurance program Challenge that can be easily reinsured and distributed to individual farmers: small, medium and large Weather-based
15. IV. Weather Index Insurance Agricultural Weather Index Insurance in Thailand
16. Project Crop Insurance : Cotton (1977) Weather Index Insurance (2006-2010) Weather Index Insurance in Thailand
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18. Project Model Weather Index Insurance in Thailand Model of the World Bank Model of the Japan Bank for International Cooperation (JBIC)
19. India Rain Measurement Tool Model of the World Bank Manual Rain Gauge Automatic Rain Gauge Weather Index Insurance in Thailand
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21. Maize Rainfall Index *Maize yields are particularly sensitive to rainfall during the tasseling stage and the yield formation stage – rainfall during the latter phase determines the size of the maize grain Weights and diagram taken from the FAO’s maize water requirement report* x Cumulative Rainfall in each decade = Maize Rainfall Index Weather Index Insurance in Thailand
22. July 2006 Maize Production 110 Farmers 1,970 Acres of maize enrolled The Radius of 25 km. Measured from the Suwan Maize Research Center Station Weather Index Insurance Nakorn Ratchasima Province, Pak Chong District GIA TMD DOI RID Department of Insurance (DOI) General Insurance Association (GIA) Thai Meteorological Department (TMD) Royal Irrigation Department (RID) Weather Index Insurance in Thailand Testing Project in 2006
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24. 2,860 Acres 388 Farmers Sowing (30 Days) Growth (20 Days) Flowering and Grain Filling (30 Days). USD 28/Acre USD 104/Acre Nakhon Ratchasima Lopburi Saraburi Nakhon Sawan Phetchabun 5 Provinces (8 Districts) Pilot Project in 2008 Weather Index Insurance in Thailand USD 10/Acre USD 6/Acre Period 3 Period 2 Period 1 Premium: USD 23,300 Indemnity: USD 3,520 (15% of Premium) Premium rates
25. 5,320 Acres 817 Farmers Sowing (30 Days) Growth (20 Days) Flowering and Grain Filling (30 Days). USD 28/Acre USD 104/Acre Nakhon Ratchasima Lopburi Saraburi Nakhon Sawan Phetchabun 5 Provinces (15 Districts) Pilot Project in 2009 Weather Index Insurance in Thailand USD 8/Acre Period 3 Period 2 Period 1 Premium rates Premium: USD 42,040 Indemnity: USD 11,160 (27% of Premium)
26. 24,275 Acres 3,194 Farmers 7 Provinces (as of the end of September 2010) Nakhon Ratchasima Lopburi Saraburi Nakhon Sawan Phetchabun Pitsanulok Nan Pilot Project in 2010 USD 8/Acre Sowing (30 Days) Growth (20 Days) Flowering and Grain Filling (30 Days). USD 28/Acre USD 104/Acre Weather Index Insurance in Thailand Premium: USD 202,290 Indemnity: USD 143,300 (70% of Premium) Premium rates Period 3 Period 2 Period 1
27. Model of the Japan Bank for International Cooperation (JBIC) Weather Index Insurance in Thailand
28. Overview Project Thailand Japan Sompo Japan Group Insurance Contracts Thai Meteorological Department (TMD ) Coordination MOU Technical Advice Technical Advice (Insurer) (Policy Holder) (Insured) Weather Index Insurance in Thailand National Institute for Agro-Environmental Sciences (NIAES) BAAC Sompo Japan Sompo Japan Risk Management JBIC JBIC Thailand Sompo Japan Thailand
29. Upper Threshold Lower Threshold Premium rate: 4.64% of principle Drought : Indemnity 15 % of the insured loan principal Severe Drought : Indemnity 40 % of the insured loan principal Non-Drought (No Indemnity) Model of JBIC Weather Index Insurance in Thailand Cumulative Rainfall (mm.) in July – September (3 months)
30. July-September 2009 Rice Production 276 Farmers, 5 Districts, 2,270 Acres Weather Station at District Weather Index Insurance Khon Kaen Province SJIT TMD JBIC OIC Japan Bank for International Cooperation (JBIC) Sompo Japan Insurance (Thailand) Co., Ltd. (SJIT) Thai Meteorological Department (TMD) Office of Insurance Committee (OIC) Cumulative Rainfall (mm.) Testing Project in 2009 Weather Index Insurance in Thailand Premium: USD 14,360
31. July-September 2010 Rice Production 1,158 Farmers, 26 Districts, 3,180 Acres Weather Station at District Weather Index Insurance Khon Kaen Province SJIT TMD JBIC OIC Japan Bank for International Cooperation (JBIC) Sompo Japan Insurance (Thailand) Co., Ltd. (SJIT) Thai Meteorological Department (TMD) Office of Insurance Committee (OIC) Cumulative Rainfall (mm.) (as of the end of September 2010) Testing Project in 2010 Weather Index Insurance in Thailand Premium: USD 24,700 Indemnity: USD 3,950 (16% of Premium) Good Result Return: USD 7,620 (31% of Premium)
32. Project Summary 2007 2008 2009 2010 (August) Year Farmers Acre Premium (USD) Trend 35 2,590 380 42,040 23,300 388 2,860 817 5,320 Premium (USD): 14,360 -----> 24,700 Weather Index Insurance in Thailand 3,194 24,275 202,290 Maize (from 5 to 7 Provinces) Rice ( 1 Province: from 5 to 26 Districts) Farmers: 276 -----> 1,158
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34. V. Next Step Agricultural Weather Index Insurance in Thailand
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36. THANK YOU Bank for Agriculture and Agricultural Cooperatives (BAAC)
Editor's Notes
I really appreciate the host for inviting BAAC to join this forum. What I’m speaking today derived from BAAC’s experience on Agricultural Weather Index Insurance.
This presentation comprises 5 elements About BAAC To get to know why BAAC is involved in risk management. Why risk management? The need to perform risk management How to manage risk? Or how can we mitigate risk? Weather index Insurance Next step , what shall be done next?
BAAC’s vision focuses on the importance of the uplift of small scale farmers’ quality of life.
BAAC has provided financial assistance to 6.1 million farmers, or 98 % of total farm households through its extensive branch network, covering every district across the country.
At the end of fiscal year 2009 , the loan outstanding was USD 15.78 billion, of which 90% was loans extended to individual farmers .
Deposits from general public is the main source of fund, accounted for 84% of total operating fund. That is why we need to manage risk in agriculture.
There are 7 key factors in management of risk in agricultural sector. Importance of agriculture Vulnerability to hydro-meteorological risks Burden on public resources Good weather data infrastructure Strong interest from stakeholders Growing insurance sector Strong agricultural bank
There are 2 approaches , traditional agricultural reinsurance and weather index insurance .
In response to this challenges, effective and cost-effective crop insurance programs have been designed. One of those is weather index insurance.
What does weather index insurance in Thailand look like?
A cotton insurance was pilot-tested in Thailand in 1977. Several attempt has been made to run such insurance. However, it was stuck by earlier mentioned problems. In 2006, the weather index insurance was introduced.
We purse here a model of “ Bank-intermediated weather insurance contracts to farmers” Farmers expose to weather risks which result in difficulty in paying back their loans. They want to have insurance, but lack of access to insurance companies which are mostly urban-based. In this situation, it is more efficient to have an institution perform the role of a risk aggregator. This could be performed by Ag. Banks or any organization with farmer outreach, for , Village Banks and Cooperatives. The Bank could intermediate the contracts to the farmers. This could also be linked to loans.
We currently have 2 models, World Bank model and JBIC model.
Let me introduce you World Bank model first. These are samples of rain gauges which are very important to weather index insurance operation.
This model has been implemented in India and many countries in Africa.
This picture displays World Bank’s drought insurance , covering 3 periods of maize production .
BAAC pilot-tested weather index insurance in 1 district in 2006. No insurance fee was collected.
In 2007, index insurance was fully implemented in the pilot –testing district with participation of 35 farmers and fee collection of USD 2,590.
In 2008, the project was expanded, covering 8 districts in 5 provinces
In 2009, weather index insurance project was scaled up to 15 districts in 5 provinces.
In 2010, the project is being implemented in 7 provinces with over 3,000 farmer participants.
Later, JBIC proposed a different model from that of World Bank.
This model was implemented by Sompo Insurance Company registered in Thailand
The significant difference is cumulative rainfall at the end of harvest season used in the project. Insurance fee is 4.6 % of loan principle.
JBIC drought insurance for rice production model was pilot-tested in Khon Kaen in 2009. There were 276 farmers participating in this project. No insurance fee was collected.
Consequently, in 2009, JBIC model project was implemented with participation of 1,158 farmers. Participating farmers were required to pay insurance fee.
Both models tend to grow in terms of number of participating farmers and coverage area as well as fees collected under these projects