Cambodia approves 50-mln-USD budget to support agriculture sectors
The Cambodian government has decided to disburse 50 million USD through the Rural Development and Agriculture Bank (RDAB) to provide low-interest loans to support sectors of livestock and fisheries, and vegetable farming.
Phnom Penh(VNA) – The Cambodian government has decided to disburse50 million USD through the Rural Development and Agriculture Bank (RDAB) toprovide low-interest loans to support sectors of livestockand fisheries, and vegetable farming.
Representatives of the General Department ofAnimal Health and Production under the Ministry ofAgriculture, Forestry and Fisheries and the RDAB met on April 22 todiscuss the credit support package.
CEO of RDAB Kao Thach said loans will beoffered to farmers and small companies with an interest rate of 6.5 percent.
Previously, on April 16, Cambodian Ministerof Agriculture, Forestry and Fisheries Srey Vuthy said the government has encouragedlocal importers to buy pork products for stockpiling with a volume of 130tonnes per day in the next three months as part of the efforts to ensure adequatesupply of food and foodstuff to people during the COVID-19 outbreak.
It has also taken anumber of measures to ensure food security such as zoning out potential areasfor growing vegetables, ensuring supply of water and seeds for farmers, and promoting the application of modern technologies and equipment to expand safe vegetableproduction.
Annually, Cambodia consumes about 290,000tonnes of meat, including 82,000 tonnes of beef, 153,000 tonnes of pork, 54,000tonnes of poultry and 165 tonnes of other meats. The Southeast Asian nation canproduce 239,000 tonnes of meat, meeting 82 percent of domestic demand./.
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CEO of RDAB Kao Thach (Photo: ) 
