Oxfam Urges to Form National Climate Risk Insurance Technical Group
Oxfam in Bangladesh urged government to take necessary steps to establish a Climate-Risk Insurance (CRI) technical working group for farmers involving relevant ministries, departments, private sector and service provers. Also proposed to regulate and operate climate insurance initiatives to be in favour and reduction of 15% VAT, claim payment within 30 days for affected farmers.
This discussion arose during a meeting on Thursday afternoon in Dhaka, organized by Oxfam in Bangladesh. The event, titled "Navigating Challenges: A Series of Dialogues on Climate Risk Insurance in Bangladesh" included the Insurance Development and Regulatory Authority (IDRA), the Financial Institution Division (FID), and the Department of Agricultural Extension (DAE).
Before the discussion, Oxfam and the Wor...