LocationsUzbekistan participates the Community of Practices meeting in the field of agricultural insurance with the support of UNDP
June 20, 2025
Uzbekistan participated in the second meeting of the Community of Practices in the field of agricultural insurance that was held in Ethiopia with the support of the United Nations Development Program (UNDP) together with the Ministry of Agriculture of the Republic of Uzbekistan.
The Community of Practices is a peer-to-peer learning platform, under the “Financial Resilience in Agriculture” initiative,which is led by UNDP’s “Insurance and Risk Finance Facility” (IRFF). It supports the development ofinnovative insurance products and services aimed towards vulnerable people and communities whileinvesting in the long-term transformation of insurance markets.
The main purpose of participation in the meeting of the Community of Practice on agricultural insurance and agrifinance is the opportunity to exchange experience between participating countries, as well as study international best practices in the sustainable development of the agricultural insurance market.
The meeting was held in Ethiopia during June 11-13, 2025, with the participation of government representatives and agriculture insurance regulating bodies from different countries, such as India, China, Ethiopia, Ecuador, Jordan, Vietnam, Senegal, Tanzania, Kenya, Burkina Faso and others.
It is important to add that, within the framework of the meetings, UNDP Uzbekistan and the Ministry of Agriculture studied the activities of the UNDP “Financial Resilience in Agriculture” initiative and discussed the possibility of Uzbekistan joining this initiative with global representatives of the UNDP IRFF project as well as shared the experience of the recent launch of agriculture insurance in Uzbekistan.
Moreover, during the visit, representatives of UNDP Uzbekistan and the Ministry of Agriculture had the opportunity to hold personal meetings with high-level officials from the different countries, including China, India, Ethiopia and others, to study the different experiences in the development of agricultural insurance and discuss further mutual cooperation to develop the industry.
Participation in the meeting by the Community of Practices marked the beginning of effective communication, exchange of experience and mutual support between Uzbekistan and the participating countries in the further joint sustainable development of the agricultural insurance market.
Ilkhom Juraev, the Head of Clusters and Agribusiness Relations Department, the Ministry of Agriculture of Uzbekistan:
As part of the meeting, we have a chance to exchange of experiences in the development of the agricultural insurance market and digitalization of the agriculture insurance market with different countries, as well as get acquainted with representatives of the global insurance market, with whom we plan to effectively cooperate in the further development of the national agriculture insurance market and face the climate risk challenges.
Participation in the meeting of the Community of Practices on Agricultural Insurance and Agricultural Finance was supported within the framework of the UNDP global project “Insurance Risk Finance Facility (IRFF) in Uzbekistan” financed by the German government, the main objective of which is to provide support to countries participating in the project in the development of the insurance market of Uzbekistan, including: Integration of insurance policy into the country’s economic development program, development of inclusive insurance, financing sovereign risks, risks from natural disasters, attracting additional investments in the insurance industry, etc.
