Funding to Renovate Coffee Plantations Confirmed

The Salvadoran government has announced that CABEI has approved an $80 million loan to finance the coffee plantation renewal plan.

Friday, March 2, 2018

From a statement issued by the Ministry of Agriculture:

The Minister of Agriculture and Livestock, Orestes Ortez, reported that the Central American Bank for Economic Integration (BCIE) approved an $80 million loan requested by the Salvadoran government, aimed at renovating the country 's coffee plantations and strengthening this productive sector.

See also: "Crop Monitoring in Central America"

The approval was announced through a press conference, presided over by the head of the Ministry of Agriculture and Livestock (MAG), Orestes Ortez, together with the Vice Minister of Environment and Natural Resources, Ángel Ibarra; and the director of the private sector in the Salvadoran Coffee Council, Isa Gadala Samour. 

"Yesterday we were informed by the representative of El Salvador in the BCIE, that the project to finance the development of a high productivity, sustainable and resilient coffee renovation, for 80 million dollars, was unanimously approved by the board of directors of the Bank," said Minister Ortez.

The loan has been managed within the framework of the Coffee Table Consensus and has two sources of financing: from the BCIE with 40 million dollars and from the International Cooperation and Development Fund (ICDF) of China (Taiwan), with the same amount. The government authorities detailed that the Bank will donate 2.5 million dollars for technical assistance and the ICDF 3.5 million for technical cooperation with the country. 

Read full release (in Spanish).

More on this topic

Coffee: $86 million to Renew Plantations

August 2018

With a loan from the BCIE, the Salvadoran government intends to finance a coffee renewal program, which would cover some 21,000 manzanas of crops.

The Central American Bank for Economic Integration (CABEI ) reported that the funds will be used to respond to the challenges of the coffee sector in El Salvador, supporting the renovation of 20,777.4 manzanas of the crop, contributing to the transfer of sustainable technologies, increasing the capacity of resilience and improving the institutionality related to coffee.

Coffee Plantation Renewal in El Salvador

June 2018

Between May 30 and July 31, 18 million rust-resistant coffee plants will be distributed to local producers, with which 12.000 acres of coffee plantation will be renewed.

The Ministry of Agriculture and Livestock reported that " ... The requirements to receive coffee plants are: to be a coffee producer, to have a valid Salvadoran Coffee Council card, willingness to prepare the land, plant the plants and provide them with adequate maintenance.  For more information, coffee growers can call 2397-2260 from the CENTA-Café Management or visit the 23 extension offices throughout the country. " 

El Salvador: $80 million to Renovate Coffee Plantations

February 2018

The Ministry of Agriculture foresees having the resources available in April, once the Legislature approves the disbursement by the BCIE.

A new government attempt to renovate coffee plantations gained momentum in December last year, after the Legislative Assembly approved a reform to the Law to Create the Coffee Production Support Trust, to facilitate access to financing for coffee growers.

El Salvador Begins Coffee Plantation Renovations

July 2012

With an investment of $24 million the country has plans for reforestation and replanting at least 40 thousand acres of land in 2014.

From a press release from the Ministry of Agriculture and Livestock in El Salvador:

As part of developing the presidential program "Rescue and Development of National Coffee Culture", the Deputy Minister of Agriculture, Hugo Flores Hidalgo, accompanied by a representative from the American Institute for Cooperation on Agriculture (IICA) in El Salvador, Gerardo Escudero, and Executive Director of the Salvadoran Coffee Council, Ana Elena Escalante, participated in the delivery of coffee seedlings to farmers in the area of San Pedro Nonualco, Department of La Paz.

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