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International Labour Office, World Bank to help improve insurance in Africa and Asia

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The World Bank Group and the International Labour Office have entered into a three-year partnership, seeking to provide small businesses, smallholder farmers and individuals in Asia and Africa with access to improved insurance products, ThisDay Live reported.

Craig Churchill, team leader of the International Labour Office's Microinsurance Innovation Facility, said the facility "is a knowledge hub for inclusive insurance, and we are excited to leverage our expertise in research and capacity building to improve index insurance" together with the World Bank Group Global Index Insurance Facility.

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