AGRIC. DEVELOPMENT

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The Agricultural Development Project objectives are to support private agricultural development by providing critically lacking investment credit to newly-emerging private farmers and investment funds for expansion and technological upgrading to private agro- and forest-industries. The main components of the project are: (a) farm credit for on-farm production and development. A financing company, the Agricultural Finance Company (AFC) is being established to identify investment opportunities, appraise viability, assess credit-worthiness, and channel funds to individual sub-borrowers; (b) support for private small and medium scale agro- and forest-industries through long-term investment funds. Priority will be given to commercial viability, export potential, and management capacity; and (c) technical assistance support for sector reform program including development of human and institutional skills necessary for a market economy through support for agricultural advisory services, training of technicians, managers, and workers/farmers and strengthening of market information, land survey, registration and titling services.