$100 Million for Honduran Agriculture

The investment, backed by the IDB and the World Bank, consists of various projects to support the farming sector.

Monday, July 12, 2010

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.

“Another $26 million is planned for an agricultural program called ‘Pro-business’ (Pronegocios) with funds going to the departments of Gracias a Dios, Colón, Olancho and El Paraíso”, continues Regalado in Laprensa.hn.

More on this topic

New Resources for Panamanian Farmers

May 2011

The Agricultural Development Bank (BDA) is making procedures more flexible in order to expedite loans to the agricultural sector.

The financial institution will lend up to $10 billion with an interest rate of 2% in regional fairs, and will expedite the necessary paperwork to formalize the credit.

Agreement to Build Low-Cost Housing in Nicaragua

May 2009

At least 3 Nicaraguan banks obtained a loan of $10 million each from the INSS to finance low-income housing projects.

The president of the Association of Private Banks of Nicaragua (ASOBANP), Arturo Arana, told Prensa.com that the agreement with the Nicaraguan Social Security Institute (INSS) “had already been approved and 'I think that several banks already have it.

$58 Million for Honduran Agriculture

August 2010

The state's farming ministry (SAG) has announced that resources will be made available to finance the country's food producing sectors.

Approximately $58 million is held in a trust managed by the Honduran Central Bank (BCH), provided by Petrocaribe, a Caribbean oil alliance with Venezuela.

Honduras: $11 Million for Banana Production

November 2009

Banhprovi, Honduras' Bank for Production and Housing, earmarked $11.1 million (210 million lempiras), to boost banana production.

The bank will adjust $3.2 million worth of existing loans to banana growers, and will assign an additional $7.9 million in new loans for this sector.

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