Nicaragua: $50 Million Deficit in Agricultural Financing

©image: Garin Fons

The Minister of Agriculture and Forestry, Ariel Bucardo, in an interview with La Prensa of Nicaragua, said that the total funding required for the three agricultural cycles is $400 million, and added that "we still do not know how much funding is available."

For his part, Legislator Douglas Alemán noted that "among the government, the financial system, micro-finance companies and the Development Bank, a loan portfolio of $350 million will be put together for 2009, leaving a deficit of $50 million, of which the Ministry "has the hope that micro-finance companies will allot about $25 million more this year."

Source: laprensa.com.ni

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