Feasibility study for macro and meso-level index insurance - Dominican Republic

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The recent path of Tropical Storm Isaac in September 2012 caused the destruction of plantain fields in the South Region. This situation forced the national authorities to provide in-kind assistance (i.e. planting materials, fertilizers, cleaning labor, land preparation) to the most affected farmers. Although some private insurers provide agriculture insurance, the Ministry of Agriculture does not have a pre-defined budget to tackle the negative effects caused by events in the agricultural sector while it faces significant contingent liabilities in this sector.

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