Japanese banking firms are planning to provide loans through Myanmar's agricultural banks to help fund farming businesses, according to Myanmar Livestock Federation.
Kotaro Kikuchi from Japan International Corporation Agency (JICA), visited the Livestock Federation last week and queried about the difficulties faced in breeding animals and other farming practices.
"Due to political, economic and social reform processes, we [JICA] are going to meet NGOs for providing assistance. And then, we must report the assignments to JICA after data collection," said Mr. Kikuchi.
A workshop to discuss providing agricultural loans will be held in October and the suggestions from the workshop will be drawn while drafting policy on providing assistance.
“The two parts are providing and financial programs. According to the financial program, they [JICA] will give the loans to an agriculture bank and to the farmer," said Dr. Than Hla, Advisor for Myanmar's Livestock Federation.
Myanmar, which has a total area of 678,500 square kilometres, is the largest country in mainland Southeast Asia, and the 40th-largest in the world. It is somewhat smaller than the U.S. state of Texas and slightly larger... ... More