AreaMyanmar

Commodity GroupRice

CommodityAll

Date03/04/2020

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced that the Myanmar Agricultural Development Bank would lower interest rates on the loans it disburses to agricultural producers from 8 to 7 percent, while interest rates of Japan International Cooperation Agency and Myanmar Economic Bank two-step loans would be cut by 1.5-2.0 percentage points. The revised rates were effective 1 April 2020.