November 8, 2019
Yangon, Myanmar: The UK-aid funded DaNa Facility and the Myanmar Economic Association (MEA) organised a workshop on “Agricultural Value Chain Finance: policy, practice and inclusion” in Yangon today.
The workshop brought together stakeholders from the Government, the private sector, NGOs, donor organizations, and research institutes to review the current state of policy and practice, emerging reforms and developments, and to discuss opportunities to expand access to agricultural finance in the coming years.
Financial products and services that flow to or through any point in an Agricultural Value Chain (starting from inputs for production of product to the end consumption) that enable investments that increase stakeholders’ income and growth and competitiveness of the chain.
Agriculture represents over one quarter of the Myanmar economy and provides employment to over two thirds of its people. Financing models that leverage value chain connections to lower the cost of financing, manage risk, and enhance inclusivity can play an important role in the development of the rural economy.
“While agricultural value chains are increasingly well-researched, there is still much more to learn, which requires further knowledge building including through research. Research has the potential to benefit practitioners and policymakers, providing a solid evidence base to policies, development programs, and private sector investment,” said Ms. Dulce Simmanivong, Regional Manager for the Australian Centre for International Agricultural Research (ACIAR).
Delegates were given the opportunity to share knowledge and experience with nationally and internationally recognized experts through presentations, panel discussions, and networking opportunities. U Kyaw Min Htun, President of MEA, emphasised the importance of improving access to agricultural finance: “Improving agricultural productivity and encouraging inclusive development through agricultural finance value chains is an important issue for the Myanmar economy.”
Notes to editors:
For more information please contact the DaNa Facility communications team at: +95 9782500752 or through email: firstname.lastname@example.org.
The DaNa Facility: The DaNa Facility is a UK aid-funded programme, established in May 2016 as one of six components of UK aid’s wider ‘Business for Shared Prosperity’ (BSP) programme. The DaNa Facility, implemented by DAI Europe and KPMG, supports inclusive economic growth and private sector development in Myanmar through responsible and sustainable business growth, investment and trade. For more information on the DaNa Facility please visit: www.danafacility.com. Follow the DaNa Facility on Twitter | Facebook.
The Myanmar Economic Association: The Myanmar Economic Association (MEA) is a learned society in the field of economics, headquartered in Yangon University of Economics. It serves as a vehicle for communication about economic and other developmental issues, strengthening public information and outreach on economic and related issues, and coordinating with internal and external economic associations. It publishes one of the most prestigious academic journals in economics: the Myanmar Economic Review. Follow the Myanmar Economic Association on Facebook | LinkedIn.
You can find a Myanmar version of this Press Release here.
You can find all powerpoint presentations for Agricultural Value Chain Finance in Myanmar workshop here.