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{
    "id": 194819,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/194819/?format=api",
    "text_counter": 161,
    "type": "speech",
    "speaker_name": "Mr. Shakeel",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "Thank you, Mr. Deputy Speaker, Sir. My argument is that ADC and AFC are financial institutions set up by this House. This will affect the viability of the agricultural financial sector. All we are doing is postponing the problem to a later date. The issue of writing off all AFC and ADC loans as a block will not help our financial sector. Perhaps, what we need to do is for the Government to provide a moratorium on all AFC and ADC loans to suitable and qualified farmers as was brought up earlier. Mr. Deputy Speaker, Sir, there are very many large-scale farmers who have had loans granted to them over the years. Those are interested parties who may have taken loans because they knew people in the system. If you give them write-offs on all ADC and AFC loans, I am afraid that 880 PARLIAMENTARY DEBATES May 7, 2008 we will not squarely solve the matter at hand. The matter at hand affects the smaller farmers and others who have been affected directly by this situation. A moratorium is the most sensible way to solve this problem. If you gave the ADC, AFC and the Government the opportunity of looking at that moratorium, they can then decide what they will write- off. They need to decide what they cannot write off on the basis of merit and an overall write off of loans. That is my suggestion. Thank you, very much."
}