Post by Cooperative Bank of Oromia

Coopbank and UNDP Sign MoU to Strengthen Climate Risk Management in Agriculture Coopbank and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) to strengthen climate risk management in Ethiopia’s agricultural sector through innovative financial solutions. The partnership aims to bridge the agricultural financing gap by embedding climate insurance into Coopbank’s lending operations, thereby enhancing resilience for smallholder farmers who are increasingly exposed to climate-related shocks. Under the agreement, UNDP will provide technical assistance including the establishment of a dedicated Insurance Desk at the bank, climate risk analytics for loan portfolios, co-design and piloting of credit-linked insurance products, support for capital mobilization, and capacity building in climate risk and insurance product development. Speaking at the signing ceremony, Coopbank CEO Mr. Deribie Asfaw highlighted the importance of the partnership, emphasizing that it leverages UNDP’s global expertise to strengthen financial inclusion and expand sustainable support for farmers across Ethiopia. The initiative, supported by UNDP’s Insurance and Risk Finance Facility (IRFF) under the Financial Resilience in Agriculture (FRA) program, represents an important step toward integrating insurance into agricultural lending and building a more climate-resilient financial system for Ethiopia’s agricultural sector. #Coopbank #UNDP #Agriculture #ClimateFinance #FinancialInclusion #ClimateResilience #Ethiopia