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Reaping richer returns [electronic resource] : public spending priorities for African agriculture productivity growth / Aparajita Goyal and John Nash

Author
Goyal, Aparajita
Additional Titles
Public spending priorities for transforming African agriculture productivity growth
Published
Washington, D.C. : World Bank, 2017.
Physical Description
1 online resource (xxvi, 322 pages)
Additional Creators
Nash, John, 1953-, World Bank, and Agence française de développement
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Summary
Enhancing the productivity of agriculture is vital for Sub-Saharan Africa's economic future and is one of the most important tools to end extreme poverty and boost shared prosperity in the region. How governments elect to spend public resources has significant development impact in this regard. Choosing to catalyze a shift toward more effective, efficient, and climate-resilient public spending in agriculture can accelerate change and unleash growth. Not only does agricultural public spending in Sub-Saharan Africa lag behind other developing regions but its impact is vitiated by subsidy programs and transfers that tend to benefit elites to the detriment of poor people and the agricultural sector itself. Shortcomings in the budgeting processes also reduce spending effectiveness. In light of this scenario, addressing the quality of public spending and the efficiency of resource use becomes even more important than addressing only the level of spending. Improvements in the policy environment, better institutions, and investments in rural public goods positively affect agricultural productivity. These, combined with smarter use of public funds, have helped lay the foundations for agricultural productivity growth around the world, resulting in a wealth of important lessons from which African policy makers and development practitioners can draw. The rigorous analysis presented in this book provides options for reform with a view to boosting the productivity of African agriculture and eventually increasing development impact.
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ISBN
9781464809408 ebook
9781464809378
1464809372
Note
"A copublication of the Agence Française de Développement and the World Bank."
Bibliography Note
Includes bibliographical references and index.
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