Comparison between Agricultural Finance in Sudan and Turkey: Credit

Abstract

This study compares the agricultural finance systems in Sudan and Turkey, focusing on credit availability, access, and utilization. The comparison aims to identify best practices and challenges in agricultural finance in both countries. Methodology the study employs a comparative analysis of agricultural finance systems in Sudan and Turkey, using data from various sources, including government reports, international organizations, and financial institutions.  Results show that- Sudan's agricultural finance system is characterized by limited access to credit, high interest rates (Murabah and Salam), and inadequate institutional capacity. Turkey's agricultural finance system is more developed, with a wider range of credit options, lower interest rates, and stronger institutional capacity. The comparison highlights the differences in agricultural finance systems between Sudan and Turkey, including credit availability: Turkey has a more developed credit market, with a wider range of credit options available to farmers. Interest rates: Interest rates in Sudan are higher than in Turkey, making credit less accessible to farmers.  Institutional capacity: Turkey has stronger institutional capacity, with more effective financial institutions and regulatory frameworks.

The study concludes that Sudan can learn from Turkey's experience in agricultural finance, particularly in terms of developing a more effective credit system and strengthening institutional capacity.