Increasing Agricultural Resilience through Better Risk Management in Zambia
A proper understanding of the risks faced by the agricultural sector and effective strategies to manage those risks is vital to creating a diversified and resilient economy for sustained growth and economic transformation. Increasing Agricultural R...
| Main Authors: | , , , , , , , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/330211524725320524/Increasing-agricultural-resilience-through-better-risk-management-in-Zambia http://hdl.handle.net/10986/29779 |
| Summary: | A proper understanding of the risks
faced by the agricultural sector and effective strategies to
manage those risks is vital to creating a diversified and
resilient economy for sustained growth and economic
transformation. Increasing Agricultural Resilience through
Better Risk Management in Zambia provides a rigorous
analysis of the production, marketing, and enabling
environment risks faced by Zambia’s agricultural sector and
prioritizes solutions to manage the risks. In terms of the
severity and frequency of adverse impacts, the analysis
shows that droughts, floods, price volatilities, and trade
restrictions are the principal risks affecting agriculture
in the country. Exposure to the consequences of these and
other risks can be effectively limited through risk
management systems tailored to the country’s context. Three
areas of risk management are found to warrant priority, with
significant potential for synergizing actions undertaken
across them: Strengthen early warning system to detect
threats to food security; Develop climate-smart agriculture
and increase resilience to climate-related shocks through
diversification; and Develop the Zambian Commodity Exchange
(ZAMACE) and build a shock-responsive safety net. |
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