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).
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:
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"]
It has been announced that in the coming weeks a system will be implemented that will allow online management of permits for exports of round and processed wood.
Representatives from the National Association of Reforestors (Confor) explained that the current process of obtaining export permits takes about 7 days, but with the new digital system, the time is expected to be reduced to two or three days.
A new law promises to reduce, from three weeks to three days, the deadline for completing the procedures required to export timber.
The new regulation agreed by consensus between the National Reforestation Association (Confor) and the government will take effect in about 15 days, according to statements made by the president of Confor to Elnuevodiario.com.ni.
The Ortega administration has authorized the suspension for one year on the ban on cutting, harvesting and marketing of timber from pine trees in the country.
Decree 02-2017 was published in the official newspaper La Gaceta on January 13 and states:"... it is suspended throughout the national territory, including protected areas, the ban on cutting, harvesting, transportation and marketing of pine trees for a period of 12 months, which may be extended with the support of studies and technical and administrative recommendations made by the National Forestry Institute (Inafor), with the approval of the National Forestry Commission (CONAFOR)."
The ban on cutting, using, and selling forest resources has been extended for ten more years, with the exception of pine trees.
A decree branded as "confusing"by industry representatives, extends the logging ban in the country until 2026, for the species set out in Article 1 of Law No. 585.
2016-2017 forecast: 1.6 million hectares in cropland, cattle slaughter at 795,000 head and milk production raging between 275 million and 300 million gallons.
The Plan for Production, Consumption and Trade in the 2016-2017 Cycle includes details of the Nicaraguan government's projections for the agricultural, livestock, poultry, aquaculture and forestry sectors for the current year and the next.
In Nicaragua getting the paperwork required for cutting down a tree on a piece of land where construction works will be carried out means having to stop the project for months.
Since the logging ban was introduced in Nicaragua, builders have to apply for permits to cut down trees on the land which is to be cleared.
African palm, coffee, pineapple, bamboo, cocoa and forestry are the categories that the Nicaraguan government is promoting as investment opportunities in the Caribbean coast.
Noting that deforested areas are those that could house African palm plantations, Alvaro Baltodano, presidential delegate for investment and exports, noted that African palm is now being planted in 10 thousand acres of the Nicaraguan Caribbean, as part of a project that aims to plant 20 thousand acres.
The government has made a distinction between the exploitation of natural forests and forest plantations, and has lifted the ban on transporting and exporting wood from the latter.
An article on Elnuevodiario.com.ni reports that "... The government has withdrawn the ban on transporting and exporting forest products by reforesters in the country ... Salvador Mayorga, president of the Association of Reforestation in Nicaragua (Confor), said at the end of the afternoon yesterday that the government informed the Superior Council of Private Enterprise (COSEP) of the decision to suspend this measure for forestry plantations. "
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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