NBC Meets Agriculture Ministry to Promote Rural Development and Boost Crop Production for Domestic and Export Markets

On February 5, 2025, at the National Bank of Cambodia (NBC), H.E. Yim Leat, Deputy Governor of the NBC, and H.E. Khim Finan, Undersecretary of State and Spokesperson for the Ministry of Agriculture, Forestry and Fisheries, co-chaired a meeting to discuss “Agricultural Credit.” The meeting was attended by around 40 leaders and technical officials from the NBC, the Association of Banks in Cambodia, the Cambodia Microfinance Association, banking and financial institutions, and other relevant institutions.

The meeting aimed to review and discuss ways to expand sources of credit for “Modern Agricultural Communities” to promote rural development and crop production in Cambodia, helping meet domestic demand and support exports.

H.E. Khim Finan said that Modern Agricultural Communities play an important role in boosting agricultural production to meet domestic demand and support exports. To help these communities, he called for cooperation from the NBC and banking and microfinance institutions to explore the provision of credit on favorable terms, along with additional concessions. This support could help transform Cambodia’s agricultural sector from household-based farming into strong agricultural enterprises and improve farmers’ living standards.

The NBC and banking and financial institutions also expressed their commitment to supporting and advancing the initiative to establish and develop Modern Agricultural Communities. They will encourage the development of programs and policies that could provide additional concessions and special terms for agricultural credit.