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Rural Development and Modernization Project for the Central and Paracentral Regions

Rural Development and Modernization Project for the Central and Paracentral Regions (PRODEMOR-CENTRAL)

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This project is aimed at improving the living conditions of the inhabitants of 66 rural municipalities in the central and paracentral regions of El Salvador. To this end, the project will promote actions to:

stimulate the local economy by supporting the creation of profitable micro-enterprises, and improving agricultural production and marketing

develop human and social capital, through training and support for local participatory planning processes

rehabilitate the degraded environment and promote a more sustainable management of natural areas, particularly micro-watersheds.

To carry out these activities, participants will have access to credit with which they can finance their needs for specialized technical and commercial assistance.

This project will also help to consolidate the results of previous IFAD-supported projects in the country regarding rural finance and promotion of investment of remittances in rural development projects.
 

Source: IFAD


Status: Closed

Country

El Salvador

Approval Date

12 September 2007

Duration

2007 - 2019

Sector

Rural Development

Total Project Cost

US$ 38.37 million

IFAD Financing

US$ 14.56 million

Co-financiers (International)

Spanish Fund US$ 15 million

Co-financiers (Domestic)

Beneficiaries US$ 3.39 million

National Government US$ 5.42 million

Financing terms

Ordinary

Project ID

1100001416

Project Contact

Juan Diego Ruiz Cumplido


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