The funds, $20 million for Guatemala and $10 million for Nicaragua, are part of a total of $42 million, which also includes Bolivia.
The support will run for three years, until 2011 and “it will finance measures to improve access to agricultural production means such as fertilizers, seeds, veterinary services, micro credit, rural infrastructure, training and support for professionals," according what was reported in the Finanzas.com website.
In turn, "it will also finance activities that will act as 'a safety net that will allow social transfers for vulnerable groups' often in the form of public works that require a large workforce, such as roads and irrigation projects."
Source: Finanzas.com
More on this topic
June 2009
The funds will be used to improve corn production and marketing support for small farmers.
According to Prensalibre.com, "at the same time that there will be a push for increased agricultural productivity, mainly for corn, support for the marketing of small farmer associations will also be given and there will also be an attempt to improve the income and conditions of subsistence farmers."
April 2009
The funds will be used to finance a project for the transformation of agricultural subsistence activities.
The loan by the International Fund for Agricultural Development (FIDA) will directly benefit 33 thousand people and promote the modernization of agricultural production.
May 2009
To meet internal demand, the Government will invest $264 million to cultivate 700 thousand acres of corn, rice and red beans.
With the $264 million, the government plans to produce about 22 million quintals of corn, 1 million quintals of rice and 2.2 million quintals of red beans in 2009," said Héctor Hernández, Minister Agriculture and Livestock, to Hondudiario.com.
July 2010
The investment, backed by the IDB and the World Bank, consists of various projects to support the farming sector.
The minister for the state's farming council (SAG), Jacobo Regalado, highlighted in particular the “Rural Competitiveness” project. This scheme will last six years, benefit seven departments and is aimed at helping the rural poor.
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