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March 26th, 2017 / The Financial

Reforms in public spending would boost agricultural productivity in Sub-Saharan Africa, raising farmer’s incomes, and promoting broader economic growth, says a new World Bank report released on March 23.

Reaping Richer Returns: Public Spending Priorities for African Agriculture Productivity Growth explores the performance of agricultural spending in Africa, and presents a wealth of important lessons from which African policy makers and development practitioners, and academics can draw options for reform.

“A vibrant, sustainable and resilient agriculture sector is vital for Sub-Saharan Africa’s economic future,” said Makhtar Diop, World Bank Vice President for the Africa region. “To make a significant dent on poverty, enhancing the productivity and competitiveness of African agriculture must become a priority. Reforming the design and implementation of public spending programs while rebalancing in favor of high-return public goods could produce significant gains.” Read more