Insurance Structure Risk Sharing And Investment Decisions

Recognition of take-up and transaction cost challenges in individual microinsurance has led to a surge of interest in group microinsurance. Yet few studies have considered the effect of group insurance on the investment decisions of the insured. In the case of weather index insurance, this is an important omission. Analogous to group microcredit, group weather insurance may exacerbate two key challenges depending on the information environment: moral hazard and group pressure. Experimental results from a framed field experiment in Gujarat, India, confirm that group pressure leads to an 8 percent reduction in risk taking in contexts with perfect information and group insurance (relative to individual insurance). The effects of moral hazard are more limited, however. As higher risk taking is associated with higher average agricultural productivity—and thus, development—these findings put a premium on greater attention to group selection, the information environment, and the regulation of payout distribution.

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending's import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves to offset the real appreciation would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness resulting from "Dutch Disease" effects could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.

The paper uses a food systems approach to analyze the bidirectional relationships between climate change and food and nutrition along the entire food value chain. It then identifies adaptation and mitigation interventions for each step of the food value chain to move toward a more climate-smart, nutrition-sensitive food system. The study focuses on poor rural farmers, a population especially vulnerable to the adverse effects of climate change on nutrition, although we recognize that there are other vulnerable populations, including urban poor and rural populations working outside of agriculture. Although this report does not explicitly exclude overweight and obesity, it focuses primarily on undernutrition because this nutritional status is currently more prevalent than overnutrition among our target population.

The fifth Sustainable Development Goal—to “achieve gender equality and empower all women and girls”—reflects a growing consensus that these are key objectives of development policy in their own right, while also contributing to improved productivity and increased efficiency, especially in agriculture and food production. To deliver on this commitment to women’s empowerment in development calls for appropriate measures that can be used to diagnose the scope and major sources of disempowerment and to measure progress. The Women’s Empowerment in Agriculture Index (WEAI) is a survey-based tool codeveloped by the International Food Policy Research Institute (IFPRI), the Oxford Poverty and Human Development Initiative, and the U.S. Agency for International Development (USAID) (Alkire et al. 2013). The index was originally designed as a monitoring and evaluation tool for the U.S. government’s Feed the Future initiative to directly capture women’s empowerment and inclusion levels in the agricultural sector. Since its launch in February 2012, the WEAI has been implemented in the 19 Feed the Future focus countries. As with any new metric, pilot testing in a few selected countries with limited sample sizes is insufficient to demonstrate how the WEAI would perform when rolled out on a wider scale. Concerns expressed by users of the WEAI led to the creation of an abbreviated version—the A-WEAI. This paper begins by presenting a brief overview of the WEAI and its construction. It then proceeds to discuss (1) the background and motivation behind the creation of the A-WEAI; (2) the steps taken to develop the AWEAI— namely, cognitive testing and piloting of different modules, particularly those that were difficult to administer in the field; (3) analysis of the pilot data from Bangladesh and Uganda; (4) domain-specific comparisons of the different pilot versions; and (5) robustness checks and empowerment diagnostics from the A-WEAI as compared with the original WEAI. The paper concludes by summarizing the modifications to the original WEAI and discussing possibilities for further development of empowerment metrics based on the WEAI.

emphasizes the importance of identifying different pathways from agriculture to nutrition for better nutritional outcomes. Using a disaggregated dashboard approach with agriculture, food consumption, and demographic and health survey data, this study examines the progress of Indian states toward the Sustainable Development Goals. There is evidence of both disconnects and linkages among food security indicators along the agriculture-nutrition pathways. Through a broadened and comprehensive approach under one coordinating body with a good set of improved interventions and governance, Indian states can attain food and nutrition security by 2030. Such evidence based policy making is need of the hour to observe impact on the ground, rather than framing policies based on ideologies. At a time when the focus is more and more on impact, the shift

Agribusiness has a major role to play in the transformation of the agricultural sector in Africa. With the demand for high-value food products increasing around the world, the production and export of these goods represents an opportunity to achieve increases in income and employment. To capture the benefits of this trend and capitalize on this opportunity for long-term agricultural growth, agribusiness in Africa must become more competitive. In addition to improving competitiveness, increasing agricultural productivity and food security are also major challenges in African agricultural development. In this paper, we compare the agribusiness competitiveness of African countries and develop typologies connected with their food security and agricultural productivity status. The typologies reveal various stylized facts on the competitiveness of agribusiness to help nations prioritize issues for agricultural development and growth. We develop the measures of agribusiness competitiveness and apply them to African countries. Additionally, we present policy implications and lessons for increasing the competitiveness of agribusiness in African countries.

In recent decades, Ghana has experienced high economic growth and transformation, which contributed to the nation achieving the Millennium Development Goal targets on reducing extreme poverty and hunger. Against this background and in view of achieving the food and nutrition security targets of the Sustainable Development Goals, Ghana started a process of reviewing its food security and nutrition strategies and policies, including the overarching Zero Hunger Strategy. This discussion paper aims to contribute to this process by providing an update on the state of Ghana’s food and nutrition security. In addition to providing an overview of long-term historical trends at the national level, this analysis provides an overview of regional patterns of food and nutrition insecurity and recent changes across Ghana’s 10 administrative regions. Finally, the analysis identifies regional “hot spots” of food and nutrition insecurity. This paper confirms that Ghana has achieved substantial improvements in food and nutrition security overall, especially over the past decade. Nationwide, progress has been made in improving households’ economic access to food by reducing poverty and extreme poverty and in reducing chronic and acute child undernutrition. However, progress in reducing micronutrient malnutrition—particularly anemia and especially among young children—has been more modest. Across Ghana, large rural-urban gaps and regional differences—mainly between the north and the south—remain for most dimensions of food and nutrition security. In addition, Ghana is increasingly facing new nutrition-related public health problems that result from overnutrition and diets too rich in calories. Overweight and obesity among adults are rising rapidly in both urban and rural areas, leading to an increase in the risk of noncommunicable diseases. The rising double burden of malnutrition—that is, the coexistence of overnutrition and undernutrition, including micronutrient deficiencies—constitutes a challenge to public health and social protection policy. These new nutritional realities may make some existing food and nutrition security policies obsolete or even detrimental to nutrition security.

Prolonged civil wars can have long-lasting adverse effects on food systems, leading to poverty and food insecurity. Overcoming food insecurity and land inequality is particularly difficult because of the highly politicized nature of conflict. This paper builds on the existing literature on food sovereignty to ensure sustainable livelihoods and community ownership of a resilient food system. We identify components of community food security to be strengthened in a post war reconstruction context. We study the impacts of the civil war on food and land administration systems, farmer struggles and current transitional justice process in relation to community food security in the Northern and Eastern Provinces in Sri Lanka and identify the technological, institutional, organizational, and infrastructural setbacks caused by conflict. It explores how such setbacks could be rectified and a resilient food system could be built in the postwar scenario.