Wealthy North Koreans refuse loans to farms after government cancels farm debt. Farms are still expected to be ‘self-reliant,’ despite losing the key line of credit.
I would like tentatively to share the contents of the report by the Radio Free Asia (RFA).
The North Korean government’s order to cancel the debts of collective farms is causing reluctance among wealthy lenders to issue new loans to farmers, a major funding setback that could hamper the country’s ability to produce food this year, sources told Radio Free Asia .
