By Kevin M. Cleaver
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Additional resources for A strategy to develop agriculture in Sub-Saharan Africa and a focus for the World Bank, Volumes 23-203
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. A. The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions.
Changes in agricultural policy which encourage the private sector, efforts to improve technology generation and dissemination, improvements in infrastructure, greater liberty for farmers to participate in decisions regarding their production, greater efforts at environmental protection, and institutional reform coincident with democratization, are all hopeful improvements, consistent with expanded agricultural output, being introduced into some African countries. In fact, the good agricultural performers in Africa have all instituted these improvements to some degree.
So is the development of institutions which provide equity financing for agricultural and agro-industrial investment, such as stock exchanges and investment funds. Governments can contribute here largely through an appropriate policy environment for banks to flourish and lend to agriculture. Generally, this means flexible interest rates, a careful balance between banking supervision which is necessary and excessive regulation which discourages banking altogether, and by allowing donor and NGO pro-active assistance to establish lending and savings mobilization in rural areas.