A broader analysis of the financial sector in Myanmar can be found in Chapter 6 on financial sector development. While agriculture employs up to 61.2% of the workforce, only 1-3% of the volume of formal bank loans is extended to the agricultural sector. Although its lending has increased in recent years, it provides only short-term seasonal loans that cover a limited share of the production costs and continues to prioritise rice farmers. Other formal lenders have been unable to fill the gap.