Financial protection against climate risks for family farmers in northern Central America

The World Bank blog addresses how family farmers in northern Central America face climate risks, highlighting their dependence on rainfed crops and lack of adequate financial tools. Emphasizes the success of the Parametric Catastrophic Insurance program in Guatemala, which offers financial protection based on specific weather triggers, insuring 100,000 farmers and providing rapid payments following severe weather events. It is proposed to expand this model to other countries in the region to improve the financial resilience of farmers in the face of climate change.