Agricultural credit is an important instrument for improving farm productivity, the welfare of farm households, and their resilience to weather-related shocks.
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Ethiopia stands out as one of the fastest growing African countries between 2009 and 2019, with an average annual GDP growth rate close to 10 percent (ESS 2020).
Agriculture in the Democratic Republic of Congo (DRC) is dominated by subsistence farming. Households grow food mainly for their own consumption and sell only when they have a surplus.
Malawi experienced modest growth from 2009 to 2019, with average annual GDP growth of 4.7 percent.
Myanmar initiated economic and political reforms in 2011, ushering in a period of rapid economic transformation. The country experienced strong annual average economic growth of close to 7 percent between 2011 and 2019.
Mozambique was one of the fastest-growing countries in sub-Saharan Africa between 2009 and 2014, with annual growth averaging about 7 percent (INE 2020; World Bank 2023a).
Bangladesh experienced strong annual economic growth of 6.6 percent between 2009 and 2019 (BBS 2021). While the global COVID-19 pandemic caused a significant growth slowdown in 2020, growth started to recover in 2021.
Niger is a landlocked country in West Africa, and most of the population relies on subsistence farming.
Since the secession of South Sudan in 2011, the Sudanese economy has faced an unprecedented economic downturn caused by the loss of around 75 percent of oil revenue, civil strife, and political instability (Alhelo, Siddig, and Kirui 2023), and mor
Zambia experienced modest economic growth of 4.8 percent per year between 2010 and 2019 (ZamStats 2020). Most growth occurred in the earlier part of the decade.
Uganda experienced annual economic growth of 5.8 percent between 2009 and 2019 (UBOS 2020).
Senegal experienced annual economic growth of 4.8 percent during the 2009 to 2019 period (World Bank 2023a). With an annual population growth rate of 2.7 percent over the same period, the living standards of Senegalese improved modestly.
Rwanda has made remarkable economic progress during the past two decades, and its annual GDP growth rate reached more than 7 percent during the 2009 to 2019 period (NISR 2021).
Tajikistan experienced strong annual economic growth of 6.8 percent during the 2011 to 2020 period (TAJSTAT 2020).
Burkina Faso experienced strong annual economic growth of 6.0 percent between 2009 and 2019 (NISD 2021).
Nigeria experienced a rise and fall in economic growth over the past two decades. The economy experienced strong growth, averaging 7 percent per year, from 2000 to 2014.
Nepal experienced annual economic growth of 5.0 percent between 2009 and 2019 (World Bank 2023b).
Madagascar’s economy showed little progress during the decade from 2009 to 2019, growing at an average rate of just 2.9 percent per year, which is only marginally higher than the population growth rate of 2.7 percent (World Bank 2023).
Mali experienced modest annual economic growth of 4.4 percent between 2009 and 2019 (INSTAT 2020; World Bank 2023a). With annual population growth of 3.0 percent during that period, the living standards of Malian people improved only modestly.
Kenya experienced significant economic development in the 2009 to 2019 period. Gross domestic product (GDP)—an indicator of the economy’s size—expanded by an annual average of 5 percent (KNBS 2022).