Myanmar: New laws to be drafted for agricultural loans

Myanmar: New laws to be drafted for agricultural loans

Tuesday, 02 August 2016 – Restrictive laws governing agricultural loans will be reformed to help struggling farmers break free of debt, a parliamentary group has announced.

The Pyithu Hluttaw Committee for Banks and Monetary Affairs Development will change laws on state-owned enterprises in three priority areas, according to committee member Daw Thet Thet Khaing (NLD; Dagon).

The changes will impact Myanma Agricultural Development Bank (MADB), Myanma Insurance and Myanma Small Loans Enterprise, she said. “We will revise state-owned enterprises. Some make a profit, some a loss. The National League for Democracy promised to reform state-owned enterprises during the election campaign.” Read More?