AGRICULTURAL CREDIT II

closed

The loan would finance part of BNT's agricultural lending program over 4-1/2 years by means of provision of medium- and long-term credit for: (i) purchase by small farmers of equipment, seeds, dairy cattle and well and irrigation improvements; (ii) purchase by commercial farmers of heavier agricultural equipment, pure breed dairy stock and concomitant infrastructure, and construction and improvement in irrigation infrastructure; (iii) date palm plantation development comprising groundwater development and irrigation infrastructure, land leveling, planting and maintenance of date plans to be undertaken by four small farmer's associations; (iv) expansion of investment in agro-industries, particularly olive oil mills.