Agribusiness: Debt Readjustment Plans

In Costa Rica, legislative initiatives are being prepared to restructure the credit portfolios of small and medium agricultural producers affected by climate phenomena.

Friday, December 6, 2019

One of the initiatives includes the purchase of the credit portfolio to readjust the debts of producers affected by climatic phenomena and who are unable to pay. The credits that would be applied in this case would be those of $35,000 or less.

The other bill seeks to authorize public banks to readjust the delinquent loans of small agricultural producers, for a maximum amount of $31,000.

You may be interested in "Crops in Central America: Main Figures in 2018"

Juan Rafael Lizano, president of the National Chamber of Agriculture and Agroindustry (CNAA), told that "... these initiatives must be undertaken with restraint and care. A plan of this type must also have the component of reactivation, that is, credits to restart production and, with it, pay off the restructured debt. The danger is that after the readjustment of the debts, they will not be paid again and then the cancellation will be chosen."

For Yorleny León, deputy of the National Liberation Party, these projects are not only "... to deal with the debt situation, but also to allow the producer to improve his cash flow in order to reactivate the farm."

Interested in detailed data on Central America's agriculture industry?

Contact us:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Agricultural Credit: Flexible Payment Extensions

May 2020

In El Salvador, the Legislative Assembly decided to extend until June 1, 2021, the validity of the Decree of the Special Law to Facilitate the Cancellation of Agricultural and Livestock Debts.

The approval was made with the aim of giving the peasants who benefit from this regulation approved in 1998 a new period of 12 months to cancel the debts acquired with the banks, the Legislative informed.

Agro: Extension to Readjust Debt

January 2020

The National Congress of Honduras approved a decree to allow local agricultural producers with credits in arrears in Banadesa to manage the readjustment for a further six months.

On January 23, 2020, deputies approved a draft decree to give producers who have debts with the National Agricultural Development Bank (Banadesa) an additional six-month extension for the readjustment of their obligations, reported the institution.

Public Debt Swap

October 2018

The Finance Ministry of Costa Rica organized an auction on October 25th and 26th, to swap debt securities that expire between 2018 and 2020, for others with longer deadlines.

The Finance Ministry is the institution that called for a " mega swap ", which aims to offer investors new securities that expire between 2021 and 2030, up to a total of ¢2 billion ($3,426 million).

Trump Ocean Club Needs to Restructure Debt

October 2011

A proposal has been presented to the bondholders to extend the term of the debt.

$220 million in bonds issued in 2007 to build a luxury apartment building called Trump Ocean Club, owned by tycoon Donald Trump, will be restructured before the next payment of debt, which is due on November 15.

 close (x)

Receive more news about Agriculture & Food

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

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jul 9)
Brent Crude Oil
Coffee "C"