How can the banking sector support the state in agriculture to materialize food sovereignty? How can he support and finance the different sectors?
These questions were on the menu of the workshop presenting the financing strategy for the agricultural sector organized yesterday by the Ministry of Agriculture, Food Sovereignty and Livestock. “The objective of this meeting is to show the banking sector the financing opportunities, structured or simple, of these sectors, but also supporting the State in the financing of community agricultural cooperatives (CAC) which constitute one of the pillars of the 2050s repository,” insisted Dr Mabouba Diagne. The latter did not fail to outline, on occasion, a plan to mobilize 1470 billion CFA francs over 5 or 10 years for the creation of CACs of 200 hectares in each of the 525 rural municipalities in the country. Beyond the CAC, Reunion wanted to highlight the financing opportunities of the various sectors, individual farms, mechanization, agricultural campaigns … Through the 29 banking institutions and 4 financial establishments present to meet the ministerial sphere to present the areas to be operated in the first place in the framework of this nascent partnership.
“We can start with three or four sectors. You consult yourself to tell us the sectors that you have retained, and it is up to us to define a five -year roadmap. And each year, we will have these meetings where we set new objectives, “said Diagne, indicating that the terms of the agreement will be recorded in two white buses. “Be reassured, the Minister (…) The bankers are there, represented by the general directors and the credit directors, as you asked, and it is to show our commitment to support this program of food sovereignty. I also speak on behalf of the National Director of the Central Bank, who supports the banking sector, in order to thank you for this approach that is made today, and which, I think, is a first, “said Khady Boye Hanne, president of the Professional Association of Banks and Financial establishments in Senegal (APBEF). “There will be deeper exchanges in a limited setting, but with much more targeted approaches, with steps that will be reinforced,” noted Ms. Hanne. It also mentioned the contractualization deficit, the sanitation of the sector to limit questionable claims as points selected. A strong circular note of 14 measures presented during the meeting offers more security to banks and financial institutions in interactions with operators acting in the agricultural chain.
