Senior Economist Vikas Choudhary discusssed the World Bank’s Agricultural Risk Management Team’s (ARMT) latest publication Agricultural Sector Risk Assessment: Methodological Guidance for Practitioners. The new report contains practical guidance on holistic risk management and provides a stepwise approach to conducting agricultural risk assessments. The guidance is geared toward development practitioners working in the agricultural sector in developing countries.
Incorporating the lessons learned from assisting countries in mainstreaming risk management practices into mid-term development strategies and investments, Mr. Choudhary shared ARMT’s experience conducting assessments in more than 20 countries. Over time, the methodologies and tools have been refined, but the focus remains on approaching risks and risk management through an integrated perspective.
Vikas Choudhary is a Senior Economist in the World Bank’s Global Food and Agriculture Practice (GFADR). He manages the operations of the Agricultural Risk Management Team (ARMT). Prior to joining the World Bank, he was a Director of Global Economic Development at the Center of High Impact Philanthropy at the University of Pennsylvania. He started his career with the Government of Rajasthan and subsequently worked with CARE-India, set up a USAID project value chain project, and started a felt export business.