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This is an introductory course, organised by the Institute for financial management and research (IFMR) to the Market based Risk Management for Development Distance Learning Program (MRMD) of the World Bank. It lays out a conceptual basis for innovative schemes designed to manage risks associated with rural poor in low income countries. The course introduces participants to a market-based risk management approach for correlated risks affecting the agricultural sector such as weather risk and commodity price risk. The "new conceptual framework" is being developed through the World Bank experience in facilitating the transfer of correlated risks to international markets. The course outlines an effective role for national governments, the World Bank, and other donors in this important domain of risk management, and in particular, with the proposed new conceptual framework. While the framework originates from innovations in agricultural sector it is well suitable for applications within the broader development agenda. (More information).
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