Throughout the full-day workshop, the participants gained an understanding of climate risk financing, delved into the project’s scope of implementation, and shared regional and national-level strategies. The workshop also provided a valuable platform for participants to exchange experiences and challenges faced at the national level, which led to potential ASEAN strategic recommendations and relevant documents aimed at enhancing regional cooperation in the future. This workshop marks an important milestone in the Agri-Climate Risk Financing Project, fostering knowledge exchange, collaboration, and the development of effective strategies to address climate risks in the agricultural sector in ASEAN.

Held in conjunction with the workshop was the first Project Steering Committee (PSC) Meeting of the Agri-Climate Risk Financing Project, which was successfully organised on 12 July 2023. This meeting marked the official start of the project and focused on important matters related to project execution.

During the meeting, participants demonstrated a common understanding, and they agreed on the project’s steering and implementation structures. The meeting also adopted a tentative project operational plan for regional activities and provided guidance on key issues for successful implementation. Attendees comprised representatives from the ASEAN Sectoral Working Group on Crops (ASWGC) from the ASEAN Member States, PSC members, and the project team from GIZ in Indonesia, Thailand, and Vietnam.

These events demonstrate the Agri-Climate Risk Financing Project’s unwavering commitment to effective communication, cooperation, and collaboration, and meticulous planning for the successful implementation of its objectives.