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Rural Economic Development Project in the Central and Eastern Provinces

Rural Economic Development Project in the Central and Eastern Provinces

 

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The project will be implemented in 20 provinces in the country's central and eastern regions. Direct beneficiaries include 24,000 poor households of small-scale producers (19,000), as well as women, young people and landless campesinos (5,000).

The project goal is to reduce levels of poverty and extreme poverty in rural areas of the Dominican Republic by increasing the incomes and assets of poor men, women and young people.

Specifically, it aims to:

  • promote and build the capacities of beneficiaries and their organizations
  • contribute to access by small-scale producer organizations to dynamic markets and value chains
  • improve the capitalization of small-scale farm producers, producer organizations and microentrepreneurs, by facilitating sustainable access to financial markets

The project is in line with the country strategic opportunities programme (COSOP).


Source: IFAD

 
Status: Closed

Approval Date

22 April 2010

Duration

2010 - 2018

Sector

Credit and Financial Services

Total Project Cost

US$ 48.46 million

IFAD Financing

US$ 14 million

Co-financiers (International)

Spanish Fund US$ 16 million

Co-financiers (Domestic)

Domestic Financing Institutions US$ 9.46 million

National Government US$ 5.31 million

Beneficiaries US$ 3.69 million

Financing terms

Ordinary

Project ID

1100001533

Project Contact

Ladislao Mr Rubio


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