Cambodian Government Double Rice Miller Lending Fund

“The money is a small amount compared to market demand of $350 million. Though, it can keep prices stable as they often fluctuate because of buyers from neighbouring countries.”

The government, he said, was also preparing a $25 million fund to guarantee 50 percent of credit offered to the rice industry by commercial banks.

“We are preparing to set up credit-insured fund with 105,000 million riel guarantee for banks donation loans to rice millers,” he said.

Though, Mey Vann said that the policy was not set to be implemented this year as it required in-depth preparation. “We are working with World Bank and IFC and we schedule to involve [it] out in 2012,” he said.

RDB Head Son Koun Thor encouraged cooperation from the private sector, especially commercial banks, in donation agricultural loans.

Source: CambodiaOrganic

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