Jump to content

Rice Group Seeks $30m Emergency Loan


geovalin

Recommended Posts

Khmer Times/Sok Chan

The president of the Cambodia Rice Federation (CRF) has asked the government for an emergency loan of $20 million to $30 million, saying it is necessary to prevent the collapse of the rice sector.

The government could provide the funds through the Rural Development Bank (RDB), federation president Sok Puthyvuth told a press conference yesterday, saying he had made the proposal to the government and that the funds would be used for emergency loans to rice millers and exporters.

Mr. Puthyvuth urged the government to provide the loan free of interest, saying the federation had its own group to monitor and evaluate emergency loans to rice millers and exporters to ensure transparency and prevent them from going bankrupt.

read more: http://www.khmertimeskh.com/news/22559/rice-group-seeks--30m-emergency-loan/

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...