To the banking sector, the currency crisis, and subsequent events, have produced two major repercussions, directly or indirectly, namely: Loss of confidence on banks that resulted in bank runs, loss of deposit base, and liquidity problems. → closing down of 16 banks in November 97. Run down of banks’ capital base.
Unfortunately, only a small minority of the country’s more than 3 million smallholder farm households currently receive the type of holistic support provided by the One Acre Fund and similar projects, which addresses all of the constraints that they face. To modernise agriculture, this approach must be applied much more widely, so that all smallholders can benefit.