AG CREDIT IV

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The Fourth Agricultural Credit Project aims to improve the rural credit system by rationalizing interest rates, imposing monitorable and enforceable performance criteria, and by promoting innovative forms of channeling more credit to low-income farmers. Specifically, the loan will finance: (i) a general line of credit to finance investments and complementary working capital for such items as livestock development, land conservation and improvement, on-farm storage, farm machinery, and agro-processing facilities; (ii) extension services and training; and (iii) special studies to improve credit access to low-income farmers.