Farm Lending

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

May 28, 2012 (LBO) - Sri Lanka's Treasury secretary P B Jayasundera said banks should lend more to agriculture and slammed lenders for financing too much trade and consumption activities.
buy arimidex online https://yourolddog.com/wp-content/uploads/2020/08/png/arimidex.html no prescription pharmacy


online pharmacy buy periactin with best prices today in the USA

He said only about 3.0 percent of total credit is given to the tea sector, about 0.5 percent to fisheries.

"Instead money goes to consumption loans, trade, motor vehicle finance," Jayasundera told reporters.

online pharmacy buy abilify with best prices today in the USA



"Probably the banking system finds it easy. But lending to animals, dairy - local dairy - local economic activity is limited.

online pharmacy buy diflucan with best prices today in the USA


buy azithromycin online https://yourolddog.com/wp-content/uploads/2020/08/png/azithromycin.html no prescription pharmacy


online pharmacy buy glucophage with best prices today in the USA

He was speaking shortly after a launch ceremony for the finance ministry's 2012 annual report.


"I made a request from the Governor (of the Central Bank) himself who was himself at the launching ceremony to look at that as the regulator to see whether we can get 10 - 20 percent of domestic credit goes to the real economy of the country," he said.


"The guy who grows a banana tree needs at least eight months to get a fruit."

But state directed lending can also have negative effects, according to critics of such policies.

Banks lend money saved by other hard working citizens.

online pharmacy buy spiriva inhaler with best prices today in the USA


buy periactin online https://yourolddog.com/wp-content/uploads/2020/08/png/periactin.html no prescription pharmacy


online pharmacy buy azithromycin with best prices today in the USA

The state itself is a net dis-saver spending more on current expend
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x