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Burma to Receive $36 Mln for Agriculture Development

10 May 2013

The International Fund for Agricultural Development will offer Burma’s government US $36 million in soft loans, which will be used to boost growth and development of the country’s farming sector, government mouthpiece The New Light of Myanmar reports. The funds will go towards mechanizing the farming sector. Agriculture contributes 36 percent of Burma’s GDP and provides the majority of employment, according the Asian Development Bank.