Index insurance, such as weather indexing, addresses other inherent problems in insurance by using an indicator that is not affected by individual behavior and may address monitoring costs and moral hazard. A number of innovations using index insurance are being tried currently in diverse...

The multifaceted nature of the poverty problem, and the widening gap between the levels of human well-being in Africa, compared with the other developing regions, are the central themes of this report. The key elements of poverty reduction strategies in the region are reviewed, pointing at the...