GIIF is funded by the European Union, Japan and the Netherlands.
The EU is the primary donor partner to the GIIF Trust Fund with a focus on the African, Caribbean and Pacific Group of States (ACP). The governments of Japan and the Netherlands are providing additional support to different regions/countries where IFC operates.
GIIF implementing partners use a variety of data providers for historical and settlement weather and other index data, including:
Ground weather stations set up by the implementing partners, and some owned by governments
Ministries of Agriculture meteorological departments for area yield data
Richter scale for seismic activity
Limited ground weather data and infrastructure motivated GIIF’s implementing partners to seek partnerships with scientists and technical specialists with special skills in satellite data processing and product design. Most of the GIIF implementing partners are using a mix of weather stations and satellites. Ground weather station data can be used for product design or verification of micro climates. The use of satellite data is imperative given the low weather station density of micro-climates in most developing countries.
GIIF implementing partners are working with a variety of satellite technology and contract design specialists who work with weather and catastrophic data from Meteosat Meteorological Services and NASA to design index insurance products. These specialists include:
CIRAD [CIRAD is a French research center working with developing countries to tackle international agricultural and development issues, and a key technical partner in West Africa. (See GIIF projects inSenegal and Benin.]