Mexico

As part of a project with the Inter-American Development Bank, GlobalAgRisk designed a prototype index product that would pay water user associations when inflows of water to the Rio Mayo Reservoir fall below normal. The irrigation insurance product would be likely to facilitate water markets.

This new approach of blending financial risk transfer solutions with capital investments could add considerable efficiency to irrigation projects around the globe.

Further Reading: 

Using Irrigation Insurance to Improve Water Usage in the Rio Mayo System of Northwest Mexico

Leiva and Skees

2008

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