Titled ‘Agriculture for Development’, the report says the agricultural and rural sectors have suffered from neglect and underinvestment over the past 20 years. While 75 percent of the world’s poor live in rural areas, a mere 4 percent of official development assistance goes to agriculture in developing countries. In Sub-Saharan Africa, a region heavily reliant on agriculture for overall growth, public spending for farming is also only 4 percent of total government spending and the sector is still taxed at relatively high levels.
Titled ‘Agriculture for Development’, the report
says the agricultural and rural sectors have suffered from neglect and
underinvestment over the past 20 years. While 75 percent of the world’s poor
live in rural areas, a mere 4 percent of official development assistance goes to
agriculture in developing countries. In Sub-Saharan Africa, a region heavily
reliant on agriculture for overall growth, public spending for farming is also
only 4 percent of total government spending and the sector is still taxed at
relatively high levels.