<ul data-eligibleForWebStory="false"><li>The World Bank is evaluating a Philippine climate-change mitigation insurance project for small farmers, which it could co-finance for up to $358 million.</li><li>The project will involve a blended finance credit facility and the establishment of the country's first agricultural co-insurance pool to enable large-scale private-sector agricultural insurance.</li><li>The implementing agency for the project in the Philippines will be the Department of Agriculture, with the Department of Finance acting as the borrower.</li><li>The project aims to address the financing gap for agricultural micro, small, and medium-sized enterprises and improve insurance coverage for agriculture in the Philippines.</li></ul>

WB considering co-financing PHL farm-insurance project

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