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K400 billion to be disbursed at soft interest rate

The Minstry of Planning and Finance stated that a plan is underway to disburse K400 billion to local businesses at soft interest rate. According to the press release issued on 23 July, Union ministers and region/state governments are systematically spending the national natural disaster management fund on undertakings of the Covid-19 prevention, control and treatment under the permission of the Covid-19 prevention, control and treatment national central committee.

Till 14 July 2022, the remainng amount of the fund totalled K491.978 billion. Now, as the infection rate of the pandemic much declienes, efforts will be made for surging the State economy in all aspects, according to the press release.

K400 billion from the fund will be disbursed to local businesses at soft interest rate under the supervision of the Ministry of Planning and Finance. According to the Ministry of Health, 11 patients was found with positive result in laboratory test over 3,907 lab samples from 8 pm on 23 July to 8 pm on 24 July, with 0.28 per cent of infection rate.

Source: The Global New Light of Myanmar

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