Agricultural and Industrial Rehabilitation Programme

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Agricultural and Industrial Rehabilitation Programme

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


Status: Closed
Country
Nicaragua
Approval Date
19 December 1979
Duration
1979 - 1980
Sector
Credit and Financial Services
Total Project Cost
US$ 83.42 million
IFAD Financing
US$ 12.42 million
Co-financiers (International)
Inter-American Development Bank US$ 37 million
Venezuela US$ 25 million
Co-financiers (Domestic)
National Government US$ 9 million
Financing terms
Highly Concessional
Project ID
1100000030

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