Panama: Financing for the Livestock Sector

The Agricultural Development Bank has $14 million to use for financing the purchase of livestock and bulls created through artificial insemination, with an interest rate of 2%, a term of 15 years and with collateral.

Thursday, February 22, 2018

The Ministry of Agricultural Development (MIDA) reported that the goal of this financing is to repopulate male and female livestocks, and also seeks " ... to ensure that livestock acquired through soft loans, by state banks are in excellent reproductive conditions in the case of males and in terms of gestation for females."

From a statement issued by the MIDA:

The MIDA, together with the Agricultural Development Bank (BDA), officially launched a differentiated loan for beef cattle in the country, within the framework of the Sustainable Development Project for Bovine Cattle Livestock of Panama and its component number 1 called: Repopulation of livestock: male and female.

This component consists of the financing for male livestock, bulls born from artificial insemination or embryo transfer, with an interest of 2%, with a term of 15 years and with collateral.

Read full release (in Spanish).

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