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Albanian PM pledges full support for agriculture sector

Xinhua, September 17, 2016 Adjust font size:

Albanian Prime Minister Edi Rama pledged on Friday that his government will fully support the development of agriculture and rural economy.

Rama made the remarks during a meeting with some farmers from Albania's northern district of Malesia e Madhe.

The farmers were invited to submit their projects in order to benefit from a national fund set up by the government and the European Bank for Reconstruction and Development (EBRD) to improve financial access and increase lending for the agricultural sector.

The 300-million-euro (336-million-U.S. dollars) fund is a new lending instrument designed to improve financial access to the commercial banks for the agricultural sector over the next three years, Rama said.

According to him, the lending instrument will work as a guarantee fund, under which farmers will be able to receive interest-free loans to support their agricultural projects. Endi