International Agriculture News

Myanmar government to provide loans to livestock sector

The Myanmar government said it will provide a loan of USD 520 million at low interest rate to the agriculture and livestock sectors and small and medium enterprises under the medium-term plan. With the loan, the livestock sector is likely to improve this year, said U Win Kyaing, Secretary of Myanmar Fishery Federation. Meanwhile, three marine breeding zones will be set up in the Yangon region.

These zones will have cold storage facilities and advanced packaging machines. The current fiscal year saw foreign direct investments worth USD 16.7 million in the livestock and fisheries sectors in Myanmar, according to the statistics provided by the Directorate of Investment and Company Administration.