Commitment to Action

Oxfam America-Swiss Re on Risk Transfer in Ethiopia

Commitment by

Oxfam America, Swiss Re

In 2008, Oxfam America (OA) and Swiss Re committed to launch an innovative climate change resiliency project called 'Horn of Africa Risk Transfer for Adaptation' (HARITA). They convened Ethiopian farmers, the Relief Society of Tigray (REST), the International Research Institute for Climate and Society (IRI), Nyala Insurance, and over a half dozen other organizations, launching a risk management package for farmers in the village of Adi Ha, located in Ethiopia's northernmost state of Tigray. The project will break new ground in the field of climate change resiliency and micro-insurance by addressing the needs of smallholder producers through an unusual mix of risk reduction, drought insurance, and credit. Under the HARITA risk management package, insurance complements disaster risk reduction and long-term, sustainable investments in agriculture.

Share

Tabs

Overview
Summary

Commitment

Oxfam America-Swiss Re on Risk Transfer in Ethiopia

Launched

2008

Est. Duration

2 Years

Estimated Total Value

$335,000

Region

Africa

Countries

ETHIOPIA

Commitment by

Oxfam America, Swiss Re

Partner(s) of the Commitment Maker(s)

Federal Democratic Republic of Ethiopia, Relief Society of Tigray, Columbia University, Goulston and Storrs, Weil, Gotshal & Manges Llp, Simpson Thacher & Bartlett, LLP, Nyala Insurance, Dedebit Credit and Savings Institution (DECSI), Mekele University, International Institute for Sustainable Development, National Meteorological Agency, Adi Ha Farmers Cooperative