Agricultural and Industrial Rehabilitation Programme - IFAD
Agricultural and Industrial Rehabilitation Programme
Nicaragua
Credit and Financial Services
19 December 1979
1979 - 1980
1100000030
Agricultural and Industrial Rehabilitation Programme
The project provided the national financial system (Banco Nacional de Desarrollo) with credit resources to support the agricultural and livestock production of some 38,000 small and medium farmers. IFAD's resources helped finance 15,000 small farmers with holdings of 10 ha or less.
Funds were provided to finance the production of basic grains, oil seeds, fruit and vegetables, and commodities such as cotton, coffee, sugar cane and tobacco, to generate foreign exchange and provide employment.
The project also helped strengthen local capacities by providing credit, technology and extension service to small farmers.
Source: IFAD
Additional Data
-
Total Project Cost
US$ 83.42 million
-
IFAD Financing
US$ 12.42 million
-
Financing terms
Highly Concessional
Co-financiers (International)
-
Inter-American Development Bank
US$ 37 million
-
Venezuela
US$ 25 million
Co-financiers (Domestic)
-
National Government
US$ 9 million
