Cambodia and UNDP co-host Workshop on Micro-insurance, a social protection instrument to reduce vulnerabilities of the poor

The Ministry of Economy and Finance and the Council for Agricultural and Rural Development will organize the workshop on Micro-insurance, a social protection instrument to reduce vulnerabilities of the poor with support from UNDP and the UN Capital Development Fund (UNCDF) on December 13 in Phnom Penh.

“The objective of the meeting is to explore the importance of micro-insurance in relation to the implementation of Cambodia’s National Social Protection Strategy to prevent the poor from falling deeper into poverty,” statement from UNDP said on Sunday.

The discussion at this meeting will focus on strategic options for deploying micro-insurance services in support of the implementation of the Cambodian Social Protection Strategy, it added. Best practices from different countries will be presented by leading international practitioners, focusing on the replicability of them in the Cambodian context. Financing requirements for establishing micro-insurance as a tool of social protection will also be part of the discussion.

H.E. Ngy Chanphal, Secretary of State, Ministry of Interior, Vice Chairman of Council for Agricultural and Rural Development, will preside over the workshop. He will be joined by UNDP Country Director Elena Tischenko who will give a remark underlining the importance micro-insurance scheme in helping to reduce poverty.