The World Bank has rolled out a price risk mechanism, The Hindu Business Line reports. The Agriculture Price Risk Management (APRM) tool will provide protection to agricultural producers and consumers in developing countries from volatile food prices.
The instrument is being launched by International Finance Cooperation (IFC), an arm of the World Bank and JP Morgan. IFC is also seeking to partner with other banks in due course to increase the coverage of the offering.
Click here for the story from The Hindu Business Line.
