$58 Million for Honduran Agriculture

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

Wednesday, August 11, 2010


©image: Manel

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

La Tribuna reports comments from SAG viceminister, Juan Ángel Artica, saying that, "President Porfirio Lobo Sosa has authorized us to initiate projects that will benefit national agricultural by using funds from Petrocaribe. Not only will the funds go towards the rice sector but there will also be help for all food producers, since we have shortages of other grains too".

More on this topic

$100 Million for Honduran Agriculture

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.

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.

Salvadorans Financed Honduran Bean Harvest

August 2011

Up to 30% of the first harvest of beans in Honduras was funded in El Salvador.

Luis Donaire, president of PROGRANO, commented that the producers are returning to get financing from El Salvador, a situation attributed to lack of funding from the Honduran government institutions such as the National Bank for Agricultural Development.

$71 Million for Guatemalan Coffee Growers

June 2010

A number of coffee associations have reacted to the sector’s losses by requesting the activation of a $71 million Coffee Trust.

The National Coffee Association (Anacafé) agrees with the Federation of Coffee Cooperatives (Fedecocagua) that this is the optimal time for the government to activate this trust, after the eruption of Pacaya Volcano and Agatha tropical storm damaged plantations.

 close (x)

Receive more news about Agronomy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Find distributors in Central America

Reach qualified distributors for your products, from Guatemala to Panama.
Our distributor search service puts you in direct...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 17)
Brent Crude Oil
106.72
Coffee "C"
178.90
Gold
1,574
Silver
27.945