Yanditswe Jun, 12 2020 09:59 AM | 32,331 Views
The Parliamentary Committee on the Economy and Trade, has asked the government to allocate more funds to the Agricultural Sector, owing to the fact that the sector employs about 70% of Rwandans.
During
the 2018/2019 Fiscal Year, less than 3% of all Loans issued by Financial
Institutions went to the Agricultural Sector, yet it contributed 29% of the
country's GDP that year.
The sector got just 13.3% of all long term loans issued by the Rwanda Development Bank, 3rd after Infrastructure and Energy that got 59 and 16.1% respectively.
Such figures have raised concerns among Parliamentarians.
Serge Ntore reports
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