PARM Genesis
2011
In 2011, the Development Working Group (DWG) report presented to the G20 leaders highlighted the diverse sources of global food price volatilities of 2006-2011 and advocated “mainstreaming risk management in agricultural policies” as one of the many paths to building resilience for food security. This compelled the 2011 G20 Agricultural Ministers under the French Presidency to adopt an Action Plan on Food Price Volatility and Agriculture outlining a list of actions and arrangements to tackle food risks. The PARM initiative was one of the eleven (11) proposed actions in the plan. Others included GEOGLAM and AMIS hosted in FAO (Read more on: https://www.ifad.org/en/web/latest/blog/asset/41308539).
2012-2013
During the 2012 G20 discussions under the Mexican Presidency, the agricultural ministers called on development agencies to lead the efforts for the creation of the PARM initiative. In this context, PARM was set up in December 2013 with the mandate to enable the integration of a holistic agricultural risk management into policy planning and investment in the agricultural sector of Least Developed Countries (LDCs) and Lower Middle-Income Countries (LMICs) to move away from a culture of coping with disasters towards a smart management of risk.
Up to today
Up to today, PARM’s role as the global initiative contributing to food security and global stability through agricultural risk management has been continuously recognized in the context of the annual meetings and declarations of the G20 as well as G7 Ministers.
- G20 Los Cabos Summit Declaration, 2012
- G20 Agriculture Ministers Final Communiqué, Istanbul, May 2015
- G20 Agriculture Ministers Meeting Final Communiqué, Xi’an, June 2016
- G20 Action plan on the 2030 Agenda for Sustainable Development, Sept 2016
- G7 Agriculture Ministerial Meeting Communiqué, Bergamo, October 2017
- G20 Agriculture Ministers Final Declaration, Buenos Aires, July 2018
- G20 Agriculture Ministers Final Declaration, Niigata, May 2019 (http://www.g20.utoronto.ca/agriculture/)
- PARM reported back to G20 as part of its stocktaking exercise during the G20 Agriculture Deputies meeting, February 2023, Indore, India
