2 December 2013: The International Fund for Agricultural Development (IFAD) has launched a four-year Platform for Agricultural Risk Management (PARM) to help smallholder farmers in developing countries access risk management products, such as insurance, to cope with climate change and variability.

PARM will initially focus on eight African countries and will identify, assess and quantify agricultural risk in partner countries. The platform will help develop risk management strategies, increase stakeholder knowledge, and exchange information between practitioners.

PARM is an outcome of the G8 and G20 meetings and is supported by IFAD, the New Partnership for Africa’s Development (NEPAD), the Government of Italy, the European Commission and the Agence française de développement (French Development Agency). [IFAD Project Overview: Platform for Agricultural Risk Management]