This brochure details the operations of the International Fund for Agricultural Development (IFAD) and the World Food Program’s (WFP) operations in weather risk management through index insurance. The two organizations have joined forces to reduce the vulnerability of poor rural people to extreme weather events that can be devastating to agricultural productivity. With support from the Bill and Melinda Gates Foundation, IFAD and WFP are working to improve the access of poor rural people in developing countries to index-based weather insurance. This type of insurance can help them cope better when extreme weather hits, and can open the door to other financial services, in particular credit.