Liberia’s Ministry of Finance and Development Planning and Agriculture Ministry signed a Cash Collateral Guarantee agreement with the Afriland Bank to provide financial remedy to enhance rice processing and production in the country.
The cash collateral will serve as a revolving low-interest credit facility for rice processors to purchase and process paddy rice from local farmers and cooperatives.
The financial scheme is expected to increase the production and distribution of domestically produced rice.
Read the full story at All Africa
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