Millers need greater access to credit: Govt

11 March 2013
The Phnom Penh Post
Agriculture and fishing / Aid and development / Asian Development Bank (ADB) / Banking and financial services / Crop products and commodities / Economy and commerce / Exports / Multilateral development assistance / Rice / Social development / The poor / Trade
ADB / Asian Development Bank (ADB) / Canadia Bank / Canadia Bank's Small and Medium Enterprise department / Climate Resilient Rice Commercialization Sector Development program / food security / Hun Sen / loans / Mao Thora / millers / Ministry of Commerce / Nou Netra / Prime Minister Hun Sen / rice commercialisation / Rice Millers / Secretary of State for the Ministry of Commerce Mao Thora / Small and Medium Enterprise department

The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security and rice commercialisation, funded with a US$55,000 Asian Development Fund loan. Mao Thora, secretary of state at the Ministry of Commerce, told the Post millers will see additional loans if they can demonstrate a sufficient level of stocked paddy rice. … ADB plans to strengthen the rice value chain, improve legal and regulatory framework in agricultural land management, and enhance paddy production through improved irrigation efficiency as well as establishing post-harvesting facilities and crop insurance pilots.

http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html