4 days ago
Myanmar to offer low-interest loans to drive growth in agriculture, livestock sectors
YANGON (Xinhua): The Myanmar government will disburse low-interest loans from the State Economic Promotion Fund, aiming to promote the country's agriculture and livestock sectors, state-owned daily The Mirror has reported.
At a Union Price Stability Committee meeting held in Nay Pyi Taw on Thursday, Union Minister for Planning and Finance U Win Shein said the government plans to disburse 688 billion kyats (US$327.61 million) in agricultural loans for over 5 million acres of land in the 2025-2026 fiscal year, the report said.
The minister called for high production of foodstuffs to ensure proper prices, promoting agriculture and livestock-based manufacturing, and expanding the cultivation of edible oil crops, it said.
The Union Price Stability Committee, formed on August 18, 2023, is working on basic food price stability, balancing between local needs and production, ensuring the proper flow of goods in and out and supervising matters that disrupt commodity price stability in accordance with the law, the report said. - Xinhua
