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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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