ACCORDING to discussions at a coordination meeting between the Central Bank of Myanmar and the Myanmar Banks Association, a comprehensive digital platform will be established to facilitate the disbursement of agricultural loans to the farming sector.
The discussions focused on supporting agricultural and livestock development through the financial sector, issuing relevant directives on agricultural and livestock loan requirements, providing financial support, establishing an agriculture-based blended finance framework, developing a comprehensive digital platform for the seamless disbursement of agricultural loans, and advancing digital payment systems.
Furthermore, the Central Bank of Myanmar and the Myanmar Banks Association discussed the five-year implementation plans covering the 2026-2027 financial year through the 2030-2031 financial year, including annual implementation targets, financing and funding arrangements, performance indicators and responsible organizations.
The coordination meeting was attended by Central Bank of Myanmar Governor Dr Khin Naing Oo, deputy governors and directors-general, as well as the Chairman of the Myanmar Banks Association and representatives from member banks.
ASH/TH
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