Rwanda is planning to increase agriculture sector lending from 5.2 percent to 10.4 percent of total financial institution loans by 2024, in order to modernize the sector and boost its contribution to the country's GDP. The government plans to establish an agriculture financing fund to provide loan guarantees or support banks to lend to farmers, as current loans are expensive and out of reach for smallholder farmers. The government and financial institutions will work together to provide affordable and favorable financing for farmers, as the agriculture sector is crucial for poverty reduction and food security.