Myanmar’s timber industry has long lined the pockets of loggers, both legally and illegally. In recent times, however, deforestation has spun out of control, and the vast forests of the country’s landscape are gradually shrinking. According to the Ministry of Natural Resources and Environmental Conservation’s Forestry Department, 58% of the...
What measures could be taken to entice foreign investment in Myanmar’s agriculture sector?
While the financial services industry in Myanmar continues to move forward, the provision of funding remains the biggest roadblock to small-hold farmers. For the most part, banks lack flexibility due to rigid interest rates and overprotective collateral-based lending, which hinders their ability to provide finance to farmers. Likewise, a lack...
The agriculture sector is already gaining ground from relaxed trade policies. Future potential, however, will depend on the ease of its transition from a supply-led industry to one determined by demand. For the short term, Myanmar will rely on consumption trends in India and China. It is unclear how long it will take the country to successfully penetrate international markets outside of Asia,...
Myanmar today is a country undergoing rapid change, and there is a solid determination among its people and leaders alike to help their country establish an important place at the global political and economic table.
National efforts to modernise Tanzania’s underdeveloped agricultural industry received a major boost at the end of 2016, in the form of a $93.5m loan from the African Development Bank.
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