The Dominican Republic: $150 million for Forestry Projects

The Senate has approved a loan agreement signed between the country and the Inter-American Development Bank, and the funds will be used for the Sustainable Agroforestry Development program.

Thursday, September 20, 2018

The Senate of the Dominican Republic has reported that the resources will be used to finance the Sustainable Agroforestry Development program which will be executed by the Executing Technical Unit of Projects at the Agroforestry Development of the Presidency of the Republic (UTPDA) and the Ministry of Public Works and Communications. This initiative was sent by the Executive Power.

The Agroforestry Development Program is an initiative that seeks to reduce poverty, improve environmental conditions in the intervened zones, restore public lands and reform the technical capacity of farmers to adopt agroforestry technological packages in the provinces in which this program will be executed such as Elías Piña, San Juan, Azua, Independencia, Bahoruco and Barahona.

Senator Rafael Calderón spent one shift in the session, and explained that these resources are intended to reforest more than 700,000 tareas of land, and they will be planting lemon trees, avocados, coffee, and cocoa among other things, explains a statement from the Senate.

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More on this topic

Guatemala: $9 Million for the Forestry Sector

February 2020

The IDB approved a $9.2 million credit for the government to implement a forest management project that will benefit 225 forestry companies.

The funds will be used in climate change adaptation and mitigation programs, through the Sustainable Forest Management project, reported the government of Guatemala.

Dominican Republic: $150 million for Agriculture

July 2018

The IDB has approved a loan to finance projects related to the improvement of market connectivity for small agricultural producers and the application of agroforestry technologies.

The Inter-American Development Bank (IDB) reported that " ... Through a loan of US $150 million, the Dominican Republic will work on the adoption of agroforestry technologies and improvement of connectivity to agricultural markets to increase incomes of small producers, and increase environmental sustainability and adaptation to climate change through the best management of natural capital."

El Salvador: Investments in Environmental Sustainability

September 2011

$12.5 million has been earmarked for rural and environmental development plans.

Following in the footsteps of initiatives implemented in Costa Rica, where resources have been allocated for reforestation and other environmental programs, the Ministry of Environment and Natural Resources, in conjunction with the Ministry of Agriculture, will invest $12.5 million in similar programs in El Salvador.

Funding for Forestry Companies in Guatemala

April 2010

A joint venture between IDB and financing company “Financiera de Occidente S.A.” will support the domestic rural forestry industry.

Luis Alejandro Mejía is the head of Eco-Business at Occidente Financial Group. He was quoted by Elperiodico.com.gt as saying that “this program is valuable because the resources donated by IDB will be used to create financial products with preferential rates”.

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Fondo Nacional de Financiamiento Forestal

Organization that operates in Costa Rica.
Phone: (506) 2222 4492

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