![]() ![]() ![]() The impact of COVID‐19 on African economies: An introduction. Forum for Agricultural Risk Management in Development (FARM‐D) in collaboration with SAFIN and ILO/PARM.Īnyanwu, J. Good practices and innovations in risk management for agri‐SME finance under COVID‐19. The African Development Bank Group.Īndrade, S. African economic outlook 2021-From debt resolution to growth: The road ahead for Africa. We suggest that, in the face of such a crisis, while in the short term the agricultural sector needs emergency funding, in the medium and long term, greater financial support is required, including long-term resources at concessional rates, guarantee funds, and more suitable insurance products combined with social safety nets.Īfrica COVID‐19 agricultural finance agriculture public policy.Īfrican Development Bank. For individual governments, a better understanding of the magnitude of the agricultural sector financing and investment needs to propose appropriate complementary responses is lacking. At the farmer level, findings indicate that many farmers are finding it more difficult to access credit than before the COVID-19 crisis. Many policy responses and stimulus packages designed to address the negative effects of the crisis are found not to be enough. ![]() Analysis at the macro, sectoral, and farmer levels confirms the decline in the financing allotted to the agricultural sector in Africa, which could exacerbate the existing structural gap in agricultural financing. With significant impact in multiple sectors, COVID-19 has caused significant liquidity shortage in the banking and financial institutions sectors that led to widespread business failure. This study examines the potential effect of COVID-19 on agricultural financing by drawing lessons from past global crises and their link to agricultural financing.
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