Increasing Agricultural Resilience through Better Risk Management in Zambia

Increasing Agricultural Resilience through Better Risk Management in Zambia

Author: 
Braimoh, A.
Place: 
Washington, D. C.
Publisher: 
World Bank
Date published: 
2018
Record type: 
Responsibility: 
Mwanakasale, A., jt. author
Chapoto, A., jt. author
Rubaiza, R., jt. author
Chisanga, B., jt. author
Mubanga, N., jt. author
Samboko, P., jt. author
Giertz, A. jt. author
Obuya. G., jt. author
Abstract: 

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.

Language: 
Country focus: 
Series: 
Other Agricultural Study

CITATION: Braimoh, A.. Increasing Agricultural Resilience through Better Risk Management in Zambia . Washington, D. C. : World Bank , 2018. - Available at: http://library.au.int/increasing-agricultural-resilience-through-better-risk-management-zambia