Agriculture contributes 20 percent of GDP and employs close to half of the labor force in Bangladesh. However, the country is vulnerable to frequent natural disasters that cause serious damages to crops and livestock every year. Supported by the Global Index Insurance Facility (GIIF), the International Finance Corporation (IFC) is working with its partner, Green Delta Insurance Company (GDIC), to develop insurance products to address perils such as drought, excess rain, heat waves and cold spells in Bangladesh.