Fiji, India and UN Join Hands to Launch Ambitious Project to Scale Climate and Disaster Risk Financing Framework and Parametric Insurance in Fiji

The United Nations Capital Development Fund (UNCDF), the India-UN Partnership Fund, the United Nations Office for South-South Cooperation (UNOSSC) and the Fiji Government announce the official launch of the 'Scaling Climate and Disaster Risk Financing Framework and Parametric Insurance in Fiji' project. This initiative refines and expands coverage of the parametric insurance product that was first launched in 2021. It aims to strengthen Fiji’s financial resilience against climate change and natural disasters.

The project, supported by a generous funding of approximately FJ$1.6million [~$700,000] from the Government of India, through the India UN Development Partnership Fund, managed by the United Nations Office for South-South Cooperation, will be jointly implemented by UNCDF and the Fiji Government over the span of 18-months.