CABEI Provides $ 8 Million to Nicaragua

©image: BCIE

To improve the living conditions of people in rural areas of Nicaragua, the Central American Bank for Economic Integration (BCIE), approved $ 8 million supporting the Integration of Small Producers to Value Chains and Market Access Program (PROCAVAL).

The project plans to add 8.000 small farmers, including coffee farms, dairies, grains and other businesses, promoting the establishment of 90 companies for collection and packaging of beans and 15 dairy service companies.

The project will increase farm acreage by almost 6.000 hectares and will help in the fight against poverty by creating about 1.700 jobs.

Additionally, there will also be investments in road improvement benefitting approximately 8.400 people. The project will be implemented by the Rural Development Institute (IDR) of the Government of the Republic of Nicaragua with an autonomous management structure and decentralized operation.

Source: Central American Bank for Economic Integration

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