Phnom Penh (FN), Dec. 20 – Cambodian Prime Minister Hun Manet encouraged all banks to expand loan and increase loan portfolio for the agricultural sector, speaking on Wednesday (Dec. 20) during an official inauguration of Wing Bank headquarters.

"I would like to encourage all banks to expand loan and increase the loan portfolio for the agricultural sector, especially loans for rice and green loans to increase the export of Cambodian luxury rice to international markets, promote sustainability and contribute to strengthening food security as well as contribute to the priority programs of the Royal Government. In particular, the coordination mechanism and financing program aimed at boosting production, marketing and maintaining the balance of prices of key agricultural products at a reasonable level,” the premier underscored.

On the occasion, Samdech Thipadei also encouraged banking and financial institutions to reorganize tourism loans in Siem Reap for customers who experience temporary financial difficulties without needing a 12-month provision, which was announced in the 19th Government-Private Sector Forum on 13 November 2023.

Premier Hun Manet added that the Small and Medium Enterprise Bank of Cambodia must provide a direct loan program to tour operators in Siem Reap with reasonable interest rates and other favourable conditions to allow tour operators to receive Financed in a reasonable amount and appropriate to the type of business.

Samdech Thipadei added that the Small and Medium Enterprise Bank of Cambodia must set up a direct loan program for tour operators in Siem Reap with reasonable interest rates and other favourable terms to allow our tour operators to access financing in the appropriate amount according to the type of business.
=FRESH NEWS