The Central American Bank for Economic Integration approved a $24 million extension of an existing line of credit, funds that will be invested in the implementation of sustainable production models and forest management and reforestation.
These funds will be used to increase financing for the "Bio-CLIMA Project: Integrated Climate Action to Reduce Deforestation and Strengthen Resilience in the Bosawas and Rio San Juan Biosphere Reserves" on Nicaragua's Caribbean Coast.
With a line of credit from CABEI, the Nicaraguan government will finance projects focused on the transformation of extensive cattle raising, agriculture and wood exploitation.
The Board of Directors approved the financing proposal for the Bio-CLIMA Project: integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and the Rio San Juan biosphere in Nicaragua, for a total amount of $115.7 million, reported the Central American Bank for Economic Integration (CABEI).
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.
Through a cooperation agreement with the Mexican government, El Salvador will reforest nearly 50,000 hectares of land in different parts of the country.
The presidents of El Salvador, Nayib Bukele, and of the United Mexican States, Andrés Manuel López Obrador, signed on June 20 in Tapachula, state of Chiapas, a cooperation agreement for the planting of 50,000 hectares in El Salvador, a project that will generate 20,000 jobs and is part of the Integrated Development Plan (IDP) for Central America, informed the presidency of El Salvador.
Coffee is still the main agricultural product sold abroad, with annual exports of around $3,035 million, followed by bananas, with $2,574 million and sugar, with $1,241 million.
Figures from the interactive platform "Central American Crops Monitoring" compiled by CentralAmericaData's Business Intelligence Unit:
The production of wood in rolls reached 981,445 m3 during 2017, a volume only 1.3% higher than that reported in 2016.
According to the annual report of the National Forestry Office (ONF), in the harvest of 981,445 m³ of wood in rolls reported last year, was considered log wood dedicated to export and sawn timber by the primary processing industry. Of the harvested wood, 77.5% is of forest plantations, 17.1% of agricultural land without forest and 5.4% of the forests.
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.
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 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."
From July 30 to August 1, a business meeting will take place between business leaders in the region and Chilean companies from the forestry, agriculture, manufacturing and seafood sectors.
Representatives of the union in Nicaragua announced that this year they plan to plant between 1,200 and 1,500 hectares, which will be added to the 28,000 already planted in recent years.
In 2016, Central American countries exported $223 million worth of wood and its manufactures, and the value exported to India grew by 20% compared to 2015.
Figures from the information system on the Central American Market for Wood and its Manufactures, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the chart"]
The law sanctioned by President Varela provides tax incentives such as exemption from income tax, real estate tax and introductory tax, among other things.
In 2016, 965 thousand cubic meters of roundwood were processed, 77% of which came from forest plantations, 17% from land and agriculture use, and 5% from forests.
From the summary of the National Forest Office (ONF) report :
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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