A Homegrown Economic Reform Agenda: A Pathway to Prosperity.

A Homegrown Economic Reform Agenda: A Pathway to Prosperity (2021) is a comprehensive economic reform Agenda with as primary objectives: ensuring macro-economic stability to sustain the rapid economic growth; rebalance the public and private sectors’ role in the economy; and unlock new and existing growth potentials. The reform agenda builds on the achievements of the past decade in infrastructure and human capital developments.
The Agenda encompasses three key pillars at the macro-financial, structural, and sectoral levels (Agriculture; Mining; Manufacturing; Tourism; ICT and Digital Economy). Macro-financial reforms aim to to stabilize the macroeconomy by reducing the risks associated with public debt, lower external vulnerabilities, arrest inflation, and enhance growth, investment, and exports. These reforms include strengthening public finances, gradually moving towards a flexible exchange rate regime, enhancing financial sector development and developing capital markets, among others. The structural reforms aim to to ease the constraints to doing business, easing tariff and non-tariff barriers to international trade, improving the efficiency of public institutions, and improving services such as logistics, telecom, and electricity.
The sectoral reforms in Agriculture are aimed at: developing legal frameworks to enhance land use and administration and allow farmers to lease land use rights; enhance productivity of small-holder farmers and pastoralists through provision of modern inputs and service; modernizing livestock production through improving veterinary infrastructure and establishing linkages with other industries; establishing effective linkage between agriculture producers and commodity markets as well as the commercial value chain; accelerating growth in agricultural production with a focus on strategic crops for import substitution and exports; developing a legal framework for agriculture focused financial services.