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Innovating to achieve inclusive risk financing in Cuba: WFP’s integrated approach to supporting vulnerable people (October 2021)

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WFP
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WFP Cuba is promoting inclusive risk financing solutions as part of an integrated approach to reduce the vulnerability of farmers to drought and climate-related risks.

WFP Cuba is adopting an integrated approach to reduce the vulnerability of farmers to drought and climate change impacts by promoting innovation on three fronts: i.) “preventive” insurance and disaster risk reduction (DRR) measures; ii.) parametric Area Yield Index Insurance (AYII); iii.) crop monitoring and Early Warning Systems (EWS). This factsheet provides an overview of Cuba’s integrated approach and how WFP is promoting innovative risk financing tools to better manage climate-related disaster risk in the country.