8 June 2017
Yoma Bank announced a two-year partnership with Rabobank with the support of the Dutch Ministry of Foreign Affairs and represented by the Dutch Embassy on Wednesday.
Yoma Bank Announced a Two-Year Partnership with Rabobank with the Support of The Dutch Ministry of Foreign Affairs and represented by the Dutch Embassy to improve Financial Inclusion in Agriculture Sector in Myanmar.
Ambassador, Kingdom of the Netherlands, Wouter Jurgens: “…The Netherlands is very proud to linkage with Rabobank and Yoma bank to promote financial and make credit available for farmer. My feeling is very happy to do the signing ceremony because the reason why we doing is to make a change is really life to the farmers here Myanmar.”
For help unlock that potential, the two-cooperation can provide support to financial institutions and other players in agricultural value chains worldwide to enable them to increase the production.
CEO, Yoma Bank, Hal Bosher: “ ..Yoma bank is pleased to partner with LIFT and Robabank as well as the kingdom of the Netherlands to promote agriculture sector in Myanmar. The key message is really agriculture matter in Myanmar. It is the big part of the economy and the private bank in Myanmar need to get evoke. The next step of the program will be to look at the agriculture value change and trying to involve provide more finance to the agriculture community particularly small farmers…”
This partnership will accelerate the efforts to develop more cash flow based on finance sector and unlock the enormous potential of Myanmar’s agriculture sector.
Head of Banking Advisory , Rabobank , David Gerbrands: “..Today we are signing agreement together Yoma bank and the Dutch government to team up to try to find the good financial solutions for farmers for value change in agriculture and by doing so developing Myanmar…”
The agricultural potential in emerging countries is significant. Myanmar is one of those countries with significant potential to grow its agricultural outputs and play a pivotal role in food production and exports in the future.