Overview

Burkina Faso is a least developed country (LDC), in which agriculture employs 74% of the population. These mostly smallholder farmers rely on rain-fed agriculture, but as climate change hits, rising temperatures and drought are disrupting growing seasons and endangering livestock. Meanwhile, increasingly frequent extreme rainfall events, combined with rapid urbanization, are putting more people, businesses and homes at risk from flooding. Insurance and risk finance solutions are urgently needed to protect food security and safeguard lives and livelihoods.

UNDP’s Insurance and Risk Finance Facility is providing technical assistance in Burkina Faso to build institutional capacity and help identify financial resilience solutions that can protect people and preserve food security.