Funding has been secured by the Government of Guyana to now provide just about 6,000 rice farmers with insurance, President Dr. Irfaan Ali has announced. “We are writing ink on paper, not only ready to give 6,000 rice farmers insurance over the next two years in a phased way, but I got the funding to give them that insurance.”
This comes after rigorous discussions and deliberations with several financial institutions and firms. According to President Ali, the agreement was not without its challenges. During the discussions, many institutions indicated concerns about climate vulnerability. But it is for this exact reason the government has been pushing for a mechanism that can safeguard farmers in the event of a climate crisis.
