$30 Million for Nicaragua and Guatemala

The funds provided by the European Commission are aimed at boosting agricultural development and improve the food supply.

Thursday, April 30, 2009

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."

More on this topic

Guatemala: $21 Million for Corn Production

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."

Panama: Government Promises to Buy Agricultural Production

April 2013

Besides buying red beans, black beans and rice, agreements have been made for the regulation of imports, seeking funding for the sector, and production insurance payments.

The agreement reached between producers and the Government of the country, states that the Institute of Agricultural Marketing (IMA by its initials in Spanish), will buy 50 thousand quintals of red beans at $65 per quintal, and 38,000 quintals of black beans at $45 per quintal.

12 million Quintals of White Corn Projected

October 2013

In Nicaragua, expectations are that the harvest of white corn in the 2013-2014 cycle will reach 12 million quintals, which will be enough to supply national consumption.

However in order for that to happen, small and medium farmers must achieve a higher return on their crops and increase production.

$14.98 Million for Salvadoran Agriculture

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.

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