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Colombia Agriculture Finance Diagnostic

Created Oct 21 2019, 2:59 PM by Fotios Stravoravdis

The purpose of this note is to provide policy recommendations to improve access to credit for rural populations and small agricultural producers under financially sustainable schemes. Improving access to finance for these two groups is essential in reducing poverty and inequality, and in supporting a sustainable Colombian peace process for economic development. The ability of agricultural producers and rural households and firms to make long-term investments, take risks, and create stable income streams is shaped by available financial products and services. When financial services are limited, participants in the rural economy may have to forgo valuable investment and income-generating activities and suffer the consequences of irregular consumption activities.