The government has announced a credit line of $7.4 million for the production of sheep, at an interest rate of 7.25%.
The Ministry of Economic Development (SDE) reported that a credit line of L167 million ($7.4 million) is now available for sheep production. The announcement was confirmed by Arnaldo Castillo, head of the institution, reported Laprensa.hn.
An adequate legal framework is needed for the healthy and steady development of institutions engaged in microfinance.
The Association for Research and Social Studies (ASIES) has published a study on the essential institutional strengthening of microfinance in Guatemala, with its own data and references it reports from the Secretariat for Economic Integration (SIECA) on "The Importance of the Micro Financial Sector in Central America ".
The Outlook for Agriculture and Rural Development in the Americas: A perspective on Latin America and the Caribbean 2011-2012.
ECLAC, FAO and IICA press release:
San Jose, Costa Rica, October 21 (ECLAC/FAO/IICA). Despite the current context of volatility and high food prices, in the long term, the agricultural sector in Latin America and the Caribbean (LAC) will be able to take advantage of the opportunities afforded by having available land - albeit concentrated in a few countries- a relative abundance of water, biodiversity and well-educated human resources.
The Outlook for Agriculture and Rural Development in the Americas: A perspective on Latin America and the Caribbean 2011-2012.
ECLAC, FAO and IICA press release:
San Jose, Costa Rica, October 21 (ECLAC/FAO/IICA). Despite the current context of volatility and high food prices, in the long term, the agricultural sector in Latin America and the Caribbean (LAC) will be able to take advantage of the opportunities afforded by having available land - albeit concentrated in a few countries- a relative abundance of water, biodiversity and well-educated human resources.
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.
This harvest is expected to yield about 600,000 quintals, or 30% of domestic demand.
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.
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".
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.
“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.