Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens
Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling en...
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okr-10986-373032022-06-10T19:43:21Z Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens World Bank AGRICULTURE AGRIFOOD SYSTEM RISKS AGRICULTURAL RISK MANAGEMENT FRAMEWORK FOOD SECURITY FOOD CROPS REGIONAL FOOD SYSTEM COLLABORATION Agriculture is an increasingly risky business in much of the world, including the West African region. The World Bank has developed an Agricultural Risk Management (ARM) framework that assesses risks in systemic production, markets, and enabling environments to understand their total sectoral impacts and to prioritize them. Prioritizing risks improves targeting of risk management measures so that scarce resources can be allocated where they have the most impact. It also helps identify how to align other agriculture, environment, and social protection policies to manage existing risks. These risks are usually identified and managed at national levels, and the three key types are production risks, market risks, and enabling environment risks. This report focuses on how West African countries can benefit from collaboration in managing agrifood system risks and on the resulting need to adapt a regional lens to the ARM framework. Since both crop-specific growing areas and the risks they face often span national borders, there are substantial advantages that can be gained by stronger collaboration. There is a need to build layered approaches to manage risk that combine risk-mitigating, risk-transfer, and risk-coping instruments. These risk management approaches are needed within countries, with regional approaches building on national efforts. This report provides a foundational analysis to begin identifying needed actions for West African countries and at regional levels. 2022-04-13T20:07:39Z 2022-04-13T20:07:39Z 2020-12-31 Report http://documents.worldbank.org/curated/en/099110103302268898/P1729410f83deb00c0adc40fa4cea21d33b http://hdl.handle.net/10986/37303 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Report Publications & Research Africa Africa Western and Central (AFW) |
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Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English |
topic |
AGRICULTURE AGRIFOOD SYSTEM RISKS AGRICULTURAL RISK MANAGEMENT FRAMEWORK FOOD SECURITY FOOD CROPS REGIONAL FOOD SYSTEM COLLABORATION |
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AGRICULTURE AGRIFOOD SYSTEM RISKS AGRICULTURAL RISK MANAGEMENT FRAMEWORK FOOD SECURITY FOOD CROPS REGIONAL FOOD SYSTEM COLLABORATION World Bank Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
geographic_facet |
Africa Africa Western and Central (AFW) |
description |
Agriculture is an increasingly risky
business in much of the world, including the West African
region. The World Bank has developed an Agricultural Risk
Management (ARM) framework that assesses risks in systemic
production, markets, and enabling environments to understand
their total sectoral impacts and to prioritize them.
Prioritizing risks improves targeting of risk management
measures so that scarce resources can be allocated where
they have the most impact. It also helps identify how to
align other agriculture, environment, and social protection
policies to manage existing risks. These risks are usually
identified and managed at national levels, and the three key
types are production risks, market risks, and enabling
environment risks. This report focuses on how West African
countries can benefit from collaboration in managing
agrifood system risks and on the resulting need to adapt a
regional lens to the ARM framework. Since both crop-specific
growing areas and the risks they face often span national
borders, there are substantial advantages that can be gained
by stronger collaboration. There is a need to build layered
approaches to manage risk that combine risk-mitigating,
risk-transfer, and risk-coping instruments. These risk
management approaches are needed within countries, with
regional approaches building on national efforts. This
report provides a foundational analysis to begin identifying
needed actions for West African countries and at regional levels. |
format |
Report |
author |
World Bank |
author_facet |
World Bank |
author_sort |
World Bank |
title |
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
title_short |
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
title_full |
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
title_fullStr |
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
title_full_unstemmed |
Regional Risks to Agriculture in West Africa : Agricultural Risk Impacts, Management Measures, and Financing Mechanisms Through a Regional Lens |
title_sort |
regional risks to agriculture in west africa : agricultural risk impacts, management measures, and financing mechanisms through a regional lens |
publisher |
Washington, DC |
publishDate |
2022 |
url |
http://documents.worldbank.org/curated/en/099110103302268898/P1729410f83deb00c0adc40fa4cea21d33b http://hdl.handle.net/10986/37303 |
_version_ |
1764486867474972672 |