Agriculture Finance Diagnostic : Zambia
The agricultural sector plays a critical role in the Zambian economy. The share of the agriculture sector's GDP financed by the banking sector is among the highest in Africa. Nearly half the population is working in agriculture. Yet less than...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/241301582041593315/Agriculture-Finance-Diagnostic-Zambia http://hdl.handle.net/10986/33400 |
| Summary: | The agricultural sector plays a critical
role in the Zambian economy. The share of the agriculture
sector's GDP financed by the banking sector is among
the highest in Africa. Nearly half the population is working
in agriculture. Yet less than 5 percent of institutional
credit goes to small and medium scale farms. Recent gains in
financial inclusion of farmers, driven by the rapid growth
in access to mobile money, present a key foundation on which
to build. The Zambia Agriculture Finance Diagnostic
identifies several key actions the Government can take to
realize these opportunities. The high priority actions
include providing incentives to the private sector to
deliver financial services in rural areas, strengthening the
capacity of the recently-established Zambia Credit Guarantee
Scheme to effectively serve the agriculture sector, and
strengthening the design and implementation of the weather
index insurance scheme. The report also recommends that the
Government consider developing an agriculture finance action
plan that is adequately resourced and allocates clear
implementation responsibilities. |
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