Home / Knowledge / News / IDB CCLIP to boost agricultural exports of Argentina
IDB CCLIP to boost agricultural exports of Argentina
23
Jan '08
The Inter-American Development Bank announced the approval of a US$600 million Conditional Credit Line for investment projects (CCLIP) and a first US$200 million loan within this CCLIP to Argentina to support a provincial agricultural services program.

The Ministry of Economy and Production of Argentina will carry out the program through the Agriculture, Livestock, Fisheries and Food Secretariat. The Secretariat's agricultural development policy is aimed at economic-productive consolidation and expansion of the sector in the different regions, seeking greater complementarity between public and private institutions.

"The goal of the conditional credit line and the first operation is to contribute to the development of regional rural economies by making them more competitive and increasing their agricultural exports," said IDB team leader Gabriel Montes.

"The purpose of the first individual loan operation is to foster a sustainable increase in the coverage and quality of the rural economic infrastructure for food and agriculture services and promote private investment," added Montes. "The CCLIP allows for effective support and long-term continuity in a key sector for development."

This is the second phase of the Provincial Agricultural Services Program (PROSAP) that was started by the national government in 1996 and has been designed to support the economic development of the rural economies of Argentina's provinces.

The program covers two main areas: infrastructure and food and agriculture services, and rural food and agriculture businesses that will promote development initiatives for agricultural clusters and incentives to invest in food and agriculture supply chains.

The loan is for a 25-year term with a four-year grace period, at an adjustable interest rate.

Local counterpart funds for the loan total US$50 million.

Inter-American Development Bank

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search