Poverty traps and climate risk: Limitations and opportunities of index-based risk financing - working paper

IRI Technical Report 07-03

This paper examines the linkage between climate and weather risks and shocks and poverty traps by integrating diverse literatures on a wide range of related topics that enhance our understanding of how climate and weather shocks impact both poverty and development. The objective of this paper is to frame the key issues and summarize the current state of knowledge about and innovations in index-based risk transfer products as they relate to the management of climate risk for poverty reduction, especially of chronic or persistent poverty.

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