The monetary policy framework was basic, the central bank used to set credit ceilings for each bank and also decided on bank lending rates. In fact, banks were directed to focus on lending to agriculture at 2 percentage points below base rate. The foregoing macroeconomic policy framework paid off in terms increased agricultural productivity and diversification.
Government invested heavily in that sector, with much of investment focused on rural feeder roads and the growing of tobacco as a major foreign exchange earner. Given limited private sector capacity at the time, government strengthened 1/4  BIS central bankers' speeches  ADMARC to become a major player in agriculture marketing including exporting of produce.