The event was attended by representatives of the National Bank of Moldova, the Ministry of Economic Development and Digitalization, the Ministry of Finance, the National Commission for the Financial Market, UN agencies, and insurance companies licensed to operate in the agricultural risk insurance sector. Participants discussed options for managing risks related to climate change, volatility in agricultural commodity prices, and other issues.
The discussion was based on a study on climate change challenges conducted with the support of the “Moldova-Germany Agricultural Policy Dialogue” (APD Moldova) project. The study proposes four scenarios for the development of an agricultural risk management system. These include optimizing the existing insurance model, as well as creating a completely new agricultural insurance system for Moldova based on a public-private partnership.
Participants in the dialogue presented their proposals and recommendations. They emphasized the need to improve the current agricultural insurance system. In addition, the industry community expressed openness to the prospect of establishing a mutual investment fund. Financial, regulatory, and personnel issues were also raised, all of which require resolution during the development and implementation of such an agricultural risk mitigation system.
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