Egypt is moving to accelerate the launch of its Agricultural Mutual Insurance Fund (AMIF) as the government looks to shield small farmers and livestock breeders from mounting climate-related threats and other natural risks. Agriculture Minister Alaa Farouk met with Financial Regulatory Authority (FRA) Chairman Mohamed Farid on Wednesday to finalise steps for operationalising the fund, which is expected to play a key role in stabilising agricultural livelihoods and enhancing sector resilience. The fund will provide insurance coverage against disasters such as extreme weather events, pest infestations, and disease outbreaks—factors that have become more frequent and severe in recent years. A statement from the FRA said the focus will be on extending support to small-scale producers, who are often the most vulnerable. "The state is committed to strengthening insurance mechanisms to preserve farmers' income and enhance productivity," Minister Farouk said. He emphasised the fund's importance as part of broader efforts to de-risk agriculture and improve national food security. The initiative is backed by Egypt's 2024 Unified Insurance Law, which introduced a framework for agricultural and disaster-risk insurance. FRA Chairman Farid confirmed the authority would provide full technical support, noting the law enables tailored coverage for crops and livestock. Talks also included measures to streamline enrollment, simplify claim procedures, and broaden coverage to ensure greater accessibility. The fund is seen as a pillar of Egypt's strategy to build climate resilience and attract investment across its vital agriculture sector. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
