This may also provide opportunities for greater commercial agriculture. In partnership with Government, the Reserve Bank continues to do its best to contribute in this national effort. Faced with huge challenges in financial stability early last year, the Bank implemented various policy measures which returned stability to the country’s balance of payments position.
Since then, the Reserve Bank has implemented various other policy changes to support the Government’s efforts to facilitate growth in the economy. In this regard, the Reserve Bank has taken a number of initiatives to encourage local value added and to reduce imports of goods than can easily be produced locally.