Published: 30 November 2018

Zimbabwe is prepared to provide guarantees to banks that will be financing agriculture to help plug the funding gap to the sector, according to Finance and Economic Development Minister Mthuli Ncube.

The move is part of broader efforts by the Government to crowd in private sector funding into agriculture.

While the model is not too different from the Command Agriculture through which the private sector would pre-finance farmers with the Government providing guarantees, credit would now be extended based on bank's risk assessment.

Many beneficiaries have defaulted, resulting in the Government picking the debt.
- Business Weekly

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