Meeting on issues regarding the development of agricultural insurance

A meeting on issues regarding the development of agricultural insurance in Georgia was held through ground table format in Radisson Blue Iveria with the participation of international consultants, the representatives of the Ministry of Agriculture and insurance companies. The meeting held within the frameworks of the Project on Funding of the Agricultural Chain Parties and Agricultural Insurance Support (PAFAI) was organized by the Business and Financial Consulting and was attended by the Vice-Minister of Agriculture Giorgi Chkheidze and the Director of the Agricultural Projects Management Agency Mariana Morgoshia. At the meeting the representatives of state, private and non-governmental sectors discussed the issues on future development of agricultural insurance in the country. The international consultant, the founder of the Agricultural Insurance System of the Republic of Turkey (TARSIM) Erikh Casten presented the vision on the development of agricultural insurance in the agricultural sector of Georgia and shared the experience of other countries to the attending society. For the development of agricultural sector it is very important to improve the existing system of agricultural insurance. I am sure we shall succeed through the cooperation of private and public sectors. In Georgia the state program of agricultural insurance has been implemented since 2014, consequently, we are at the initial stage and still much work is needed to achieve a desirable model of agricultural insurance in the country, which shall ensure support to agricultural activity, maintenance of income for those involved in the above mentioned activity and reduction of risks-stated the Vice-Minister of Agriculture Giorgi Chkheidze. It is notable that the Project on Funding of the Agricultural Chain Parties and Agricultural Insurance Support (PAFAI) has been implemented since 2015 through the funding of the representation of the South Caucasus of the Swiss Cooperation Office and its main goals are to provide accessibility of agricultural funding and agricultural insurance for the farmers and to support maintenance of their income.

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