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Agricultural Credit Project

Agriculture Credit Project

The purpose of this project was to increase agricultural output – including the production of export crops in which Paraguay enjoys a comparative advantage – and to help improve the incomes and living conditions of small- and medium-scale farmers.

The project was designed to improve farmers' access to financial resources by:

  • Establishing a country-wide agricultural credit programme to finance long-term credit for on-farm investments and short-term credit for operating costs
  • Strengthening the staff, services and associated facilities of agricultural credit operations.


Source: IFAD


Status: Closed

Country

Paraguay

Approval Date

12 December 1984

Duration

1984 - 1989

Sector

Credit and Financial Services

Total Project Cost

US$ 49.95 million

IFAD Financing

US$ 6.95 million

Co-financiers (International)

Inter-American Development Bank US$ 37.5 million

Co-financiers (Domestic)

National Government US$ 5.5 million

Financing terms

Ordinary

Project ID

1100000164


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