- The objectives of the Association shall be:
a ) to foster cooperation in improving and planning the financial arrangements for rural and agricultural development in the Region;
b ) to establish, among the Members, a machinery for systematic interchange of information on rural and agricultural financial services in the Region, and to act as a clearing house for such information;
c ) to encourage inter-country studies on matters of common interest in the field of rural finance and agricultural credit, and to publish such studies and distribute them among the Members;
d ) to organize and coordinate training programmes on rural finance and agricultural credit, as well as to facilitate the exchange of personnel and experts among the Members;
e ) to establish and maintain an appropriate relationship with the FAO and other international and regional organizations that pursue objectives similar to or related to those of the Association; and
f ) to provide services related to consultancy, research and publications in the field of rural finance and agricultural credit.
- For the purpose of achieving its objectives, the Association shall perform the following functions:
a ) organize periodic meetings of the Members;
b ) promote the exchange of ideas and experiences through the interchange of personnel and experts, or by any other means;
c ) facilitate the collection, collation, publication and dissemination of information relevant to the objectives and functions of the Association;
d ) arrange and organize symposia, seminars, research projects, training courses and other training programmes for the benefit of the Members;
e ) set up study groups, consultant teams and other subsidiary bodies as it deems appropriate for the attainment of its objectives; and
f ) enter into contracts and undertake such other activities which may be conducive to, or promote the attainment of its objectives.