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Agricultural policies Break-out session

Agricultural policies Break-out session. Highlights. Need for financial sector reforms and subsidised interests rates Macro- economic policies enhanced Enhance smallholders access to markets Policy issues addressed on subsidies and rate of subsidies;

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Agricultural policies Break-out session

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  1. Agricultural policiesBreak-out session

  2. Highlights • Need for financial sector reforms and subsidised interests rates • Macro- economic policies enhanced • Enhance smallholders access to markets • Policy issues addressed on subsidies and rate of subsidies; • Subsidises on interest rates by financial institutions • Subsidies for technologies that enhance agricultural business • Assess policies aimed at enhancing warehousing services and quality (warehousing receipts /bonded warehouse) • Policy environment and enforcement

  3. Cont… Highlights • Agri finance and rural finance policies enhanced • Principal task is macro-economic stability • Price instability and inflation retained within a single digit • Controls interest rates and assess possibilities to reduce rates • Exchange rates controls for exports foreign exchange control imports • Fiscal sector discusses tax policies and concessions • Keen to ensure there is tax treatment • Expenditures on infrastructures is given a priority in agricultural sector • Others are financial sector policies for efficiency and stability • Technologies for improved access

  4. Roles of CBK • Provision conducive environment for private financial investment • Provision of the Framework for developing of policies • Fairness of the field ensure there is fair treatment of players • Capacity building of the clientele • Enhance competition

  5. Support profitable farming systems • Macro supports to rural infrastructure and research • Secure land tenure approaches for agribanking purposes • Financial sector policy assessment • Policies to allow rural and small-scale financing

  6. Issues for consideration; Legal and regulatory framework – separate agriculture from other sector Price stabilisation policy Infrastructural support – poor infrastructure impede agriculture development Support to technical, marketing and inputs Increased awareness on agricultural opportunities and benefits (poor image and negative attitude towards agriculture )

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