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PARM – Platform for Agricultural Risk Management

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PARM is an outcome initiative of the G8 and G20 discussions on food security and agricultural growth. It is multi-donor partnership between the European Commission (EC), the French Development Agency (AFD), the Italian Development Cooperation (DGCS), the German Federal Ministry for Economic Cooperation and Development and Development Bank (BMZ- KfW) and the International Fund for Agricultural Development (IFAD), in strategic partnership with the New Partnership for Africa’s Development (NEPAD) and development partners to make risk management an integral part of policy planning and implementation in the agricultural sector.

The Platform plays the role of facilitator in bundling the know-how of participating donors for the development of methodologies for risk analysis and the adoption of risk management strategies, integrating risk management instruments and approaches in public policies, private sector practices and agricultural investment programmes.

The overall objective of PARM is to contribute to sustainable agricultural growth, reduce food insecurity, and improve the livelihoods of rural and poor farming households in developing countries.